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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Billboard $ 1,182.3 $ 978.6 $ 1,189.9
Transit and other 281.6 257.7 592.3
Total revenues 1,463.9 1,236.3 1,782.2
Expenses:      
Operating 784.0 710.8 958.6
Selling, general and administrative 368.2 315.1 371.7
Restructuring charges 0.0 5.8 0.3
Net gain on dispositions (4.5) (13.7) (3.8)
Impairment charge 2.5 0.0 0.0
Depreciation 79.4 84.5 87.3
Amortization 66.0 61.3 59.0
Total expenses 1,295.6 1,163.8 1,473.1
Operating income 168.3 72.5 309.1
Interest expense, net (130.4) (131.1) (134.9)
Loss on extinguishment of debt (6.3) 0.0 (28.5)
Other income, net 0.0 0.1 0.1
Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies 31.6 (58.5) 145.8
Benefit (provision) for income taxes 3.4 (1.1) (10.9)
Equity in earnings of investee companies, net of tax 1.4 (0.6) 5.7
Net income (loss) before allocation to non-controlling interests 36.4 (60.2) 140.6
Net income attributable to non-controlling interests 0.8 0.8 0.5
Net income (loss) attributable to OUTFRONT Media Inc. $ 35.6 $ (61.0) $ 140.1
Net income (loss) per common share:      
Basic ($ per share) $ 0.05 $ (0.56) $ 0.97
Diluted ($ per share) $ 0.05 $ (0.56) $ 0.97
Weighted average shares outstanding:      
Basic (shares) 145.4 144.3 142.5
Diluted (shares) [1],[2],[3] 146.1 144.3 143.2
[1] The potential impact of 0.5 million shares of Class A equity interests of Outfront Canada in 2021, 1.0 million shares of Class A equity interests of Outfront Canada in 2020 and 1.4 million shares of Class A equity interests of Outfront Canada in 2019 was antidilutive. (See Note 11. Equity to the Consolidated Financial Statements.)
[2] The potential impact of 25.0 million shares of our common stock issuable upon conversion of our Series A Preferred Stock in 2021 and 17.5 million shares of our common stock issuable upon conversion of our Series A Preferred Stock in 2020 was antidilutive.
[3] The potential impact of an aggregate 0.1 million granted RSUs, PRSUs and stock options for 2021, 1.1 million granted RSUs, PRSUs and stock options for 2020 and 0.1 million granted RSUs, PRSUs and stock options for 2019 was antidilutive.