Condensed Balance Sheet |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2019 | (in millions) | | Parent Company | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Current assets: | | | | | | | | | | | | | Cash and cash equivalents | | $ | — |
| | $ | 12.7 |
| | $ | 1.1 |
| | $ | 45.3 |
| | $ | — |
| | $ | 59.1 |
| Receivables, less allowances | | — |
| | — |
| | — |
| | 320.8 |
| | (30.8 | ) | | 290.0 |
| Other current assets | | — |
| | 1.0 |
| | 169.7 |
| | 76.9 |
| | (160.9 | ) | | 86.7 |
| Total current assets | | — |
| | 13.7 |
| | 170.8 |
| | 443.0 |
| | (191.7 | ) | | 435.8 |
| Property and equipment, net | | — |
| | — |
| | 618.2 |
| | 48.0 |
| | — |
| | 666.2 |
| Goodwill | | — |
| | — |
| | 2,059.9 |
| | 23.2 |
| | — |
| | 2,083.1 |
| Intangible assets | | — |
| | — |
| | 479.5 |
| | 71.4 |
| | — |
| | 550.9 |
| Operating lease assets | | — |
| | — |
| | 1,344.3 |
| | 112.7 |
| | — |
| | 1,457.0 |
| Investment in subsidiaries | | 1,093.8 |
| | 3,330.0 |
| | 331.6 |
| | — |
| | (4,755.4 | ) | | — |
| Prepaid MTA equipment deployment costs | | — |
| | — |
| | 116.1 |
| | — |
| | — |
| | 116.1 |
| Other assets | | — |
| | 3.5 |
| | 65.8 |
| | 3.9 |
| | — |
| | 73.2 |
| Intercompany | | — |
| | — |
| | 77.5 |
| | 87.6 |
| | (165.1 | ) | | — |
| Total assets | | $ | 1,093.8 |
| | $ | 3,347.2 |
| | $ | 5,263.7 |
| | $ | 789.8 |
| | $ | (5,112.2 | ) | | $ | 5,382.3 |
| | | | | | | | | | | | | | Total current liabilities | | $ | — |
| | $ | 26.7 |
| | $ | 590.5 |
| | $ | 224.5 |
| | $ | (191.7 | ) | | $ | 650.0 |
| Long-term debt, net | | — |
| | 2,222.1 |
| | — |
| | — |
| | — |
| | 2,222.1 |
| Deferred income tax liabilities, net | | — |
| | — |
| | — |
| | 18.0 |
| | — |
| | 18.0 |
| Asset retirement obligation | | — |
| | — |
| | 30.6 |
| | 4.5 |
| | — |
| | 35.1 |
| Operating lease liabilities | | — |
| | — |
| | 1,188.0 |
| | 97.1 |
| | — |
| | 1,285.1 |
| Deficit in excess of investment of subsidiaries | | — |
| | — |
| | 2,236.2 |
| | — |
| | (2,236.2 | ) | | — |
| Other liabilities | | — |
| | 4.6 |
| | 37.0 |
| | 4.0 |
| | — |
| | 45.6 |
| Intercompany | | — |
| | — |
| | 87.6 |
| | 77.5 |
| | (165.1 | ) | | — |
| Total liabilities | | — |
| | 2,253.4 |
| | 4,169.9 |
| | 425.6 |
| | (2,593.0 | ) | | 4,255.9 |
| Total stockholders’ equity | | 1,093.8 |
| | 1,093.8 |
| | 1,093.8 |
| | 331.6 |
| | (2,519.2 | ) | | 1,093.8 |
| Non-controlling interests | | — |
| | — |
| | — |
| | 32.6 |
| | — |
| | 32.6 |
| Total equity | | 1,093.8 |
| | 1,093.8 |
| | 1,093.8 |
| | 364.2 |
| | (2,519.2 | ) | | 1,126.4 |
| Total liabilities and equity | | $ | 1,093.8 |
| | $ | 3,347.2 |
| | $ | 5,263.7 |
| | $ | 789.8 |
| | $ | (5,112.2 | ) | | $ | 5,382.3 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2018 | (in millions) | | Parent Company | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Current assets: | | | | | | | | | | | | | Cash and cash equivalents | | $ | — |
| | $ | 12.0 |
| | $ | — |
| | $ | 40.7 |
| | $ | — |
| | $ | 52.7 |
| Receivables, less allowances | | — |
| | — |
| | 52.7 |
| | 232.1 |
| | (19.9 | ) | | 264.9 |
| Other current assets | | — |
| | 1.0 |
| | 176.3 |
| | 81.5 |
| | (146.9 | ) | | 111.9 |
| Total current assets | | — |
| | 13.0 |
| | 229.0 |
| | 354.3 |
| | (166.8 | ) | | 429.5 |
| Property and equipment, net | | — |
| | — |
| | 604.3 |
| | 48.6 |
| | — |
| | 652.9 |
| Goodwill | | — |
| | — |
| | 2,059.9 |
| | 19.8 |
| | — |
| | 2,079.7 |
| Intangible assets | | — |
| | — |
| | 478.4 |
| | 58.8 |
| | — |
| | 537.2 |
| Investment in subsidiaries | | 1,102.8 |
| | 3,257.5 |
| | 261.9 |
| | — |
| | (4,622.2 | ) | | — |
| Prepaid MTA equipment deployment costs | | — |
| | — |
| | 60.6 |
| | — |
| | — |
| | 60.6 |
| Other assets | | — |
| | 2.3 |
| | 63.4 |
| | 3.1 |
| | — |
| | 68.8 |
| Intercompany | | — |
| | — |
| | 81.0 |
| | 100.7 |
| | (181.7 | ) | | — |
| Total assets | | $ | 1,102.8 |
| | $ | 3,272.8 |
| | $ | 3,838.5 |
| | $ | 585.3 |
| | $ | (4,970.7 | ) | | $ | 3,828.7 |
| | | | | | | | | | | | | | Total current liabilities | | $ | — |
| | $ | 18.0 |
| | $ | 375.5 |
| | $ | 175.9 |
| | $ | (166.8 | ) | | $ | 402.6 |
| Long-term debt, net | | — |
| | 2,149.6 |
| | — |
| | — |
| | — |
| | 2,149.6 |
| Deferred income tax liabilities, net | | — |
| | — |
| | — |
| | 17.0 |
| | — |
| | 17.0 |
| Asset retirement obligation | | — |
| | — |
| | 29.9 |
| | 4.3 |
| | — |
| | 34.2 |
| Deficit in excess of investment of subsidiaries | | — |
| | — |
| | 2,154.7 |
| | — |
| | (2,154.7 | ) | | — |
| Other liabilities | | — |
| | 2.4 |
| | 74.9 |
| | 2.7 |
| | — |
| | 80.0 |
| Intercompany | | — |
| | — |
| | 100.7 |
| | 81.0 |
| | (181.7 | ) | | — |
| Total liabilities | | — |
| | 2,170.0 |
| | 2,735.7 |
| | 280.9 |
| | (2,503.2 | ) | | 2,683.4 |
| Total stockholders’ equity | | 1,102.8 |
| | 1,102.8 |
| | 1,102.8 |
| | 261.9 |
| | (2,467.5 | ) | | 1,102.8 |
| Non-controlling interests | | — |
| | — |
| | — |
| | 42.5 |
| | — |
| | 42.5 |
| Total equity | | 1,102.8 |
| | 1,102.8 |
| | 1,102.8 |
| | 304.4 |
| | (2,467.5 | ) | | 1,145.3 |
| Total liabilities and stockholders’ equity | | $ | 1,102.8 |
| | $ | 3,272.8 |
| | $ | 3,838.5 |
| | $ | 585.3 |
| | $ | (4,970.7 | ) | | $ | 3,828.7 |
|
|
Condensed Income Statement |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2019 | (in millions) | | Parent Company | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Revenues: | | | | | | | | | | | | | Billboard | | $ | — |
| | $ | — |
| | $ | 1,109.9 |
| | $ | 80.0 |
| | $ | — |
| | $ | 1,189.9 |
| Transit and other | | — |
| | — |
| | 579.5 |
| | 12.8 |
| | — |
| | 592.3 |
| Total revenues | | — |
| | — |
| | 1,689.4 |
| | 92.8 |
| | — |
| | 1,782.2 |
| Expenses: | | | | | | | | | | | | | Operating | | — |
| | — |
| | 906.3 |
| | 52.3 |
| | — |
| | 958.6 |
| Selling, general and administrative | | 1.6 |
| | 0.5 |
| | 311.2 |
| | 10.2 |
| | — |
| | 323.5 |
| Restructuring charges | | — |
| | — |
| | 0.3 |
| | — |
| | — |
| | 0.3 |
| Net gain on dispositions | | — |
| | — |
| | (3.8 | ) | | — |
| | — |
| | (3.8 | ) | Depreciation | | — |
| | — |
| | 76.8 |
| | 10.5 |
| | — |
| | 87.3 |
| Amortization | | — |
| | — |
| | 97.8 |
| | 9.4 |
| | — |
| | 107.2 |
| Total expenses | | 1.6 |
| | 0.5 |
| | 1,388.6 |
| | 82.4 |
| | — |
| | 1,473.1 |
| Operating income (loss) | | (1.6 | ) | | (0.5 | ) | | 300.8 |
| | 10.4 |
| | — |
| | 309.1 |
| Interest expense, net | | — |
| | (127.1 | ) | | (2.5 | ) | | (5.3 | ) | | — |
| | (134.9 | ) | Loss on extinguishment of debt | | — |
| | (28.5 | ) | | — |
| | — |
| | — |
| | (28.5 | ) | Other income, net | | — |
| | — |
| | — |
| | 0.1 |
| | — |
| | 0.1 |
| Income (loss) before provision for income taxes and equity in earnings of investee companies | | (1.6 | ) | | (156.1 | ) | | 298.3 |
| | 5.2 |
| | — |
| | 145.8 |
| Provision for income taxes | | — |
| | — |
| | (8.8 | ) | | (2.1 | ) | | — |
| | (10.9 | ) | Equity in earnings of investee companies, net of tax | | 141.7 |
| | 297.8 |
| | (147.8 | ) | | 1.1 |
| | (287.1 | ) | | 5.7 |
| Net income before allocation to non-controlling interests | | $ | 140.1 |
| | $ | 141.7 |
| | $ | 141.7 |
| | $ | 4.2 |
| | $ | (287.1 | ) | | $ | 140.6 |
| Net income attributable to non-controlling interests | | — |
| | — |
| | — |
| | 0.5 |
| | — |
| | 0.5 |
| Net income attributable to Outfront Media Inc. | | 140.1 |
| | 141.7 |
| | 141.7 |
| | 3.7 |
| | (287.1 | ) | | 140.1 |
| | | | | | | | | | | | | | Net income attributable to Outfront Media Inc. | | $ | 140.1 |
| | $ | 141.7 |
| | $ | 141.7 |
| | $ | 3.7 |
| | $ | (287.1 | ) | | $ | 140.1 |
| Total other comprehensive income, net of tax | | 4.3 |
| | 4.3 |
| | 4.3 |
| | 6.5 |
| | (15.1 | ) | | 4.3 |
| Total comprehensive income | | $ | 144.4 |
| | $ | 146.0 |
| | $ | 146.0 |
| | $ | 10.2 |
| | $ | (302.2 | ) | | $ | 144.4 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2018 | (in millions) | | Parent Company | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Revenues: | | | | | | | | | | | | | Billboard | | $ | — |
| | $ | — |
| | $ | 1,040.1 |
| | $ | 72.3 |
| | $ | — |
| | $ | 1,112.4 |
| Transit and other | | — |
| | — |
| | 480.8 |
| | 13.0 |
| | — |
| | 493.8 |
| Total revenues | | — |
| | — |
| | 1,520.9 |
| | 85.3 |
| | — |
| | 1,606.2 |
| Expenses: | | | | | | | | | | | | | Operating | | — |
| | — |
| | 808.3 |
| | 51.6 |
| | — |
| | 859.9 |
| Selling, general and administrative | | 1.6 |
| | 0.2 |
| | 276.6 |
| | 8.6 |
| | — |
| | 287.0 |
| Restructuring charges | | — |
| | — |
| | 2.1 |
| | — |
| | — |
| | 2.1 |
| Net gain on dispositions | | — |
| | — |
| | (5.3 | ) | | (0.2 | ) | | — |
| | (5.5 | ) | Impairment charge | | — |
| | — |
| | — |
| | 42.9 |
| | — |
| | 42.9 |
| Depreciation | | — |
| | — |
| | 73.3 |
| | 12.6 |
| | — |
| | 85.9 |
| Amortization | | — |
| | — |
| | 90.2 |
| | 8.9 |
| | — |
| | 99.1 |
| Total expenses | | 1.6 |
| | 0.2 |
| | 1,245.2 |
| | 124.4 |
| | — |
| | 1,371.4 |
| Operating income (loss) | | (1.6 | ) | | (0.2 | ) | | 275.7 |
| | (39.1 | ) | | — |
| | 234.8 |
| Interest expense, net | | — |
| | (118.4 | ) | | (3.8 | ) | | (3.5 | ) | | — |
| | (125.7 | ) | Other expenses, net | | — |
| | — |
| | — |
| | (0.4 | ) | | — |
| | (0.4 | ) | Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies | | (1.6 | ) | | (118.6 | ) | | 271.9 |
| | (43.0 | ) | | — |
| | 108.7 |
| Benefit (provision) for income taxes | | — |
| | — |
| | (6.1 | ) | | 1.2 |
| | — |
| | (4.9 | ) | Equity in earnings of investee companies, net of tax | | 109.5 |
| | 228.1 |
| | (156.3 | ) | | 1.1 |
| | (178.3 | ) | | 4.1 |
| Net income (loss) attributable to OUTFRONT Media Inc. | | $ | 107.9 |
| | $ | 109.5 |
| | $ | 109.5 |
| | $ | (40.7 | ) | | $ | (178.3 | ) | | $ | 107.9 |
| | | | | | | | | | | | | | Net income (loss) attributable to OUTFRONT Media Inc. | | $ | 107.9 |
| | $ | 109.5 |
| | $ | 109.5 |
| | $ | (40.7 | ) | | $ | (178.3 | ) | | $ | 107.9 |
| Total other comprehensive loss, net of tax | | (14.3 | ) | | (14.3 | ) | | (14.3 | ) | | (12.1 | ) | | 40.7 |
| | (14.3 | ) | Total comprehensive income (loss) | | $ | 93.6 |
| | $ | 95.2 |
| | $ | 95.2 |
| | $ | (52.8 | ) | | $ | (137.6 | ) | | $ | 93.6 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2017 | (in millions) | | Parent Company | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Revenues: | | | | | | | | | | | | | Billboard | | $ | — |
| | $ | — |
| | $ | 997.5 |
| | $ | 61.5 |
| | $ | — |
| | $ | 1,059.0 |
| Transit and other | | — |
| | — |
| | 449.4 |
| | 12.1 |
| | — |
| | 461.5 |
| Total revenues | | — |
| | — |
| | 1,446.9 |
| | 73.6 |
| | — |
| | 1,520.5 |
| Expenses: | | | | | | | | | | | | | Operating | | — |
| | — |
| | 784.6 |
| | 50.6 |
| | — |
| | 835.2 |
| Selling, general and administrative | | 1.6 |
| | 0.9 |
| | 246.2 |
| | 13.0 |
| | — |
| | 261.7 |
| Restructuring charges | | — |
| | — |
| | 2.5 |
| | 3.9 |
| | — |
| | 6.4 |
| Net (gain) loss on dispositions | | — |
| | — |
| | (14.4 | ) | | 0.1 |
| | — |
| | (14.3 | ) | Depreciation | | — |
| | — |
| | 77.3 |
| | 12.4 |
| | — |
| | 89.7 |
| Amortization | | — |
| | — |
| | 94.0 |
| | 6.1 |
| | — |
| | 100.1 |
| Total expenses | | 1.6 |
| | 0.9 |
| | 1,190.2 |
| | 86.1 |
| | — |
| | 1,278.8 |
| Operating income (loss) | | (1.6 | ) | | (0.9 | ) | | 256.7 |
| | (12.5 | ) | | — |
| | 241.7 |
| Interest expense, net | | — |
| | (113.9 | ) | | (2.3 | ) | | (0.7 | ) | | — |
| | (116.9 | ) | Other income, net | | — |
| | — |
| | — |
| | 0.3 |
| | — |
| | 0.3 |
| Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies | | (1.6 | ) | | (114.8 | ) | | 254.4 |
| | (12.9 | ) | | — |
| | 125.1 |
| Benefit (provision) for income taxes | | — |
| | — |
| | (11.3 | ) | | 7.2 |
| | — |
| | (4.1 | ) | Equity in earnings of investee companies, net of tax | | 127.4 |
| | 242.2 |
| | (115.7 | ) | | 0.8 |
| | (249.9 | ) | | 4.8 |
| Net income (loss) attributable to OUTFRONT Media Inc. | | $ | 125.8 |
| | $ | 127.4 |
| | $ | 127.4 |
| | $ | (4.9 | ) | | $ | (249.9 | ) | | $ | 125.8 |
| | | | | | | | | | | | | | Net income (loss) attributable to OUTFRONT Media Inc. | | $ | 125.8 |
| | $ | 127.4 |
| | $ | 127.4 |
| | $ | (4.9 | ) | | $ | (249.9 | ) | | $ | 125.8 |
| Total other comprehensive income, net of tax | | 10.8 |
| | 10.8 |
| | 10.8 |
| | 10.8 |
| | (32.4 | ) | | 10.8 |
| Total comprehensive income | | $ | 136.6 |
| | $ | 138.2 |
| | $ | 138.2 |
| | $ | 5.9 |
| | $ | (282.3 | ) | | $ | 136.6 |
|
|
Condensed Cash Flow Statement |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2019 | (in millions) | | Parent Company | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Net cash flow provided by (used for) operating activities | | $ | (1.6 | ) | | $ | (111.8 | ) | | $ | 375.7 |
| | $ | 14.6 |
| | $ | — |
| | $ | 276.9 |
| Investing activities: | | | | | | | | | | | | | Capital expenditures | | — |
| | — |
| | (87.0 | ) | | (2.9 | ) | | — |
| | (89.9 | ) | Acquisitions | | — |
| | — |
| | (69.7 | ) | | — |
| | — |
| | (69.7 | ) | MTA franchise rights | | — |
| | — |
| | (24.0 | ) | | — |
| | — |
| | (24.0 | ) | Proceeds from dispositions | | — |
| | — |
| | 5.8 |
| | — |
| | — |
| | 5.8 |
| Return of investment in investee companies | | — |
| | — |
| | 1.5 |
| | — |
| | — |
| | 1.5 |
| Net cash flow used for investing activities | | — |
| | — |
| | (173.4 | ) | | (2.9 | ) | | — |
| | (176.3 | ) | Financing activities: | | | | | | | | | | | | | Proceeds from long-term debt borrowings | | — |
| | 1,270.0 |
| | — |
| | — |
| | — |
| | 1,270.0 |
| Repayments of long-term debt borrowings | | — |
| | (1,191.5 | ) | | — |
| | — |
| | — |
| | (1,191.5 | ) | Proceeds from borrowings under short-term debt facilities | | — |
| | — |
| | 180.0 |
| | 325.0 |
| | — |
| | 505.0 |
| Repayments of borrowings under short-term debt facilities | | — |
| | — |
| | (165.0 | ) | | (305.0 | ) | | — |
| | (470.0 | ) | Payments of deferred financing costs | | — |
| | (21.9 | ) | | (0.2 | ) | | — |
| | — |
| | (22.1 | ) | Payments of debt extinguishment charges | | — |
| | (20.6 | ) | | — |
| | — |
| | — |
| | (20.6 | ) | Proceeds from shares issued under the ATM Program | | 50.9 |
| | — |
| | — |
| | — |
| | — |
| | 50.9 |
| Taxes withheld for stock-based compensation | | — |
| | — |
| | (7.9 | ) | | — |
| | — |
| | (7.9 | ) | Dividends | | (206.2 | ) | | — |
| | — |
| | (1.9 | ) | | — |
| | (208.1 | ) | Intercompany | | 156.9 |
| | 76.5 |
| | (207.7 | ) | | (25.7 | ) | | — |
| | — |
| Net cash flow provided by (used for) financing activities | | 1.6 |
| | 112.5 |
| | (200.8 | ) | | (7.6 | ) | | — |
| | (94.3 | ) | Effect of exchange rate on cash, cash equivalents and restricted cash | | — |
| | — |
| | — |
| | 0.5 |
| | — |
| | 0.5 |
| Net increase in cash, cash equivalents and restricted cash | | — |
| | 0.7 |
| | 1.5 |
| | 4.6 |
| | — |
| | 6.8 |
| Cash, cash equivalents and restricted cash at beginning of period | | — |
| | 12.0 |
| | 1.4 |
| | 40.7 |
| | — |
| | 54.1 |
| Cash, cash equivalents and restricted cash at end of period | | $ | — |
| | $ | 12.7 |
| | $ | 2.9 |
| | $ | 45.3 |
| | $ | — |
| | $ | 60.9 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2018 | (in millions) | | Parent Company | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Net cash flow provided by (used for) operating activities | | $ | (1.6 | ) | | $ | (110.6 | ) | | $ | 331.8 |
| | $ | (5.3 | ) | | $ | — |
| | $ | 214.3 |
| Investing activities: | | | | | | | | | | | | | Capital expenditures | | — |
| | — |
| | (70.0 | ) | | (12.3 | ) | | — |
| | (82.3 | ) | Acquisitions | | — |
| | — |
| | (7.0 | ) | | — |
| | — |
| | (7.0 | ) | MTA franchise rights | | — |
| | — |
| | (13.3 | ) | | — |
| | — |
| | (13.3 | ) | Proceeds from dispositions | | — |
| | — |
| | 7.6 |
| | 0.3 |
| | — |
| | 7.9 |
| Return of investment in investee companies | | — |
| | — |
| | 4.3 |
| | — |
| | — |
| | 4.3 |
| Net cash flow used for investing activities | | — |
| | — |
| | (78.4 | ) | | (12.0 | ) | | — |
| | (90.4 | ) | Financing activities: | | | | | | | | | | | | | Proceeds from long-term debt borrowings | | — |
| | 104.0 |
| | — |
| | — |
| | — |
| | 104.0 |
| Repayments of long-term debt borrowings | | — |
| | (104.0 | ) | | — |
| | — |
| | — |
| | (104.0 | ) | Proceeds from borrowings under short-term debt facilities | | — |
| | — |
| | 75.0 |
| | 170.0 |
| | — |
| | 245.0 |
| Repayments of borrowings under short-term debt facilities | | — |
| | — |
| | — |
| | (165.0 | ) | | — |
| | (165.0 | ) | Payments of deferred financing costs | | — |
| | (0.2 | ) | | — |
| | (0.1 | ) | | — |
| | (0.3 | ) | Proceeds from shares issued under the ATM Program | | 15.3 |
| | — |
| | — |
| | — |
| | — |
| | 15.3 |
| Earnout payment related to prior acquisition | | — |
| | — |
| | (0.4 | ) | | — |
| | — |
| | (0.4 | ) | Taxes withheld for stock-based compensation | | — |
| | — |
| | (8.4 | ) | | — |
| | — |
| | (8.4 | ) | Dividends | | (201.2 | ) | | — |
| | — |
| | (2.7 | ) | | — |
| | (203.9 | ) | Intercompany | | 187.5 |
| | 112.6 |
| | (321.9 | ) | | 21.8 |
| | — |
| | — |
| Net cash flow provided by (used for) financing activities | | 1.6 |
| | 112.4 |
| | (255.7 | ) | | 24.0 |
| | — |
| | (117.7 | ) | Effect of exchange rate on cash, cash equivalents and restricted cash | | — |
| | — |
| | — |
| | (0.4 | ) | | — |
| | (0.4 | ) | Net increase (decrease) in cash, cash equivalents and restricted cash | | — |
| | 1.8 |
| | (2.3 | ) | | 6.3 |
| | — |
| | 5.8 |
| Cash, cash equivalents and restricted cash at beginning of period | | — |
| | 10.2 |
| | 3.7 |
| | 34.4 |
| | — |
| | 48.3 |
| Cash, cash equivalents and restricted cash at end of period | | $ | — |
| | $ | 12.0 |
| | $ | 1.4 |
| | $ | 40.7 |
| | $ | — |
| | $ | 54.1 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2017 | (in millions) | | Parent Company | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Net cash flow provided by (used for) operating activities | | $ | (1.7 | ) | | $ | (108.5 | ) | | $ | 329.5 |
| | $ | 30.0 |
| | $ | — |
| | $ | 249.3 |
| Investing activities: | | | | | | | | | | | | | Capital expenditures | | — |
| | — |
| | (63.6 | ) | | (7.2 | ) | | — |
| | (70.8 | ) | Acquisitions | | — |
| | — |
| | (17.6 | ) | | (51.6 | ) | | — |
| | (69.2 | ) | MTA franchise rights | | — |
| | — |
| | (0.9 | ) | | — |
| | — |
| | (0.9 | ) | Proceeds from dispositions | | — |
| | — |
| | 5.5 |
| | 0.1 |
| | — |
| | 5.6 |
| Net cash flow used for investing activities | | — |
| | — |
| | (76.6 | ) | | (58.7 | ) | | — |
| | (135.3 | ) | Financing activities: | | | | | | | | | | | | | Proceeds from long-term debt borrowings | | — |
| | 8.3 |
| | — |
| | — |
| | — |
| | 8.3 |
| Proceeds from borrowings under short-term debt facilities | | — |
| | 90.0 |
| | — |
| | 160.0 |
| | — |
| | 250.0 |
| Repayments of borrowings under short-term debt facilities | | — |
| | (90.0 | ) | | — |
| | (80.0 | ) | | — |
| | (170.0 | ) | Payments of deferred financing costs | | — |
| | (8.0 | ) | | — |
| | (0.5 | ) | | — |
| | (8.5 | ) | Proceeds from stock option exercises | | 1.2 |
| | — |
| | — |
| | — |
| | — |
| | 1.2 |
| Earnout payment related to prior acquisition | | — |
| | — |
| | (2.0 | ) | | — |
| | — |
| | (2.0 | ) | Taxes withheld for stock-based compensation | | — |
| | — |
| | (8.5 | ) | | — |
| | — |
| | (8.5 | ) | Dividends | | (200.4 | ) | | — |
| | — |
| | (1.4 | ) | | — |
| | (201.8 | ) | Intercompany | | 200.9 |
| | 107.0 |
| | (274.3 | ) | | (33.6 | ) | | — |
| | — |
| Other | | — |
| | — |
| | (0.2 | ) | | — |
| | — |
| | (0.2 | ) | Net cash flow provided by (used for) financing activities | | 1.7 |
| | 107.3 |
| | (285.0 | ) | | 44.5 |
| | — |
| | (131.5 | ) | Effect of exchange rate on cash, cash equivalents and restricted cash | | — |
| | — |
| | — |
| | 0.6 |
| | — |
| | 0.6 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | | — |
| | (1.2 | ) | | (32.1 | ) | | 16.4 |
| | — |
| | (16.9 | ) | Cash, cash equivalents and restricted cash at beginning of period | | — |
| | 11.4 |
| | 35.8 |
| | 18.0 |
| | — |
| | 65.2 |
| Cash, cash equivalents and restricted cash at end of period | | $ | — |
| | $ | 10.2 |
| | $ | 3.7 |
| | $ | 34.4 |
| | $ | — |
| | $ | 48.3 |
|
|