2019 Q1 Form 10-Q Financial Statement

#000157987719000053 Filed on May 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $371.7M $337.9M
YoY Change 10.0% 2.21%
Cost Of Revenue $122.5M $197.1M
YoY Change -37.85% 2.71%
Gross Profit $249.2M $140.8M
YoY Change 76.99% 1.51%
Gross Profit Margin 67.04% 41.67%
Selling, General & Admin $73.30M $64.60M
YoY Change 13.47% 1.1%
% of Gross Profit 29.41% 45.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.10M $21.10M
YoY Change 0.0% -7.86%
% of Gross Profit 8.47% 14.99%
Operating Expenses $73.30M $64.60M
YoY Change 13.47% 1.1%
Operating Profit $36.90M $31.70M
YoY Change 16.4% 21.92%
Interest Expense -$32.70M -$30.00M
YoY Change 9.0% 6.76%
% of Operating Profit -88.62% -94.64%
Other Income/Expense, Net $100.0K -$100.0K
YoY Change -200.0%
Pretax Income $4.300M $1.600M
YoY Change 168.75% -176.19%
Income Tax -$1.000M -$6.700M
% Of Pretax Income -23.26% -418.75%
Net Earnings $6.100M $9.100M
YoY Change -32.97% 264.0%
Net Earnings / Revenue 1.64% 2.69%
Basic Earnings Per Share $0.04 $0.06
Diluted Earnings Per Share $0.04 $0.06
COMMON SHARES
Basic Shares Outstanding 140.7M shares 138.8M shares
Diluted Shares Outstanding 141.1M shares 139.1M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.70M $52.50M
YoY Change 0.38% 99.62%
Cash & Equivalents $52.70M $52.50M
Short-Term Investments
Other Short-Term Assets $8.700M $10.80M
YoY Change -19.44% -2.7%
Inventory
Prepaid Expenses
Receivables $229.1M $188.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $351.7M $354.4M
YoY Change -0.76% 13.77%
LONG-TERM ASSETS
Property, Plant & Equipment $654.7M $660.6M
YoY Change -0.89% 0.33%
Goodwill $2.081B $2.126B
YoY Change -2.14% 1.75%
Intangibles
YoY Change
Long-Term Investments $15.50M $20.10M
YoY Change -22.89% -4.29%
Other Assets $59.00M $60.90M
YoY Change -3.12% -1.93%
Total Long-Term Assets $4.725B $3.416B
YoY Change 38.32% 2.13%
TOTAL ASSETS
Total Short-Term Assets $351.7M $354.4M
Total Long-Term Assets $4.725B $3.416B
Total Assets $5.077B $3.771B
YoY Change 34.64% 3.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $53.30M $51.20M
YoY Change 4.1% 1.39%
Accrued Expenses $277.8M $107.9M
YoY Change 157.46% -2.88%
Deferred Revenue
YoY Change
Short-Term Debt $155.0M $92.00M
YoY Change 68.48%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $538.5M $304.7M
YoY Change 76.73% 44.61%
LONG-TERM LIABILITIES
Long-Term Debt $2.186B $2.156B
YoY Change 1.36% 0.65%
Other Long-Term Liabilities $42.50M $80.60M
YoY Change -47.27% 5.08%
Total Long-Term Liabilities $2.228B $2.237B
YoY Change -0.39% 0.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $538.5M $304.7M
Total Long-Term Liabilities $2.228B $2.237B
Total Liabilities $3.985B $2.593B
YoY Change 53.67% 4.94%
SHAREHOLDERS EQUITY
Retained Earnings -$941.9M -$817.4M
YoY Change 15.23% 9.37%
Common Stock $1.400M $1.400M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.051B $1.132B
YoY Change
Total Liabilities & Shareholders Equity $5.077B $3.771B
YoY Change 34.64% 3.12%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $6.100M $9.100M
YoY Change -32.97% 264.0%
Depreciation, Depletion And Amortization $21.10M $21.10M
YoY Change 0.0% -7.86%
Cash From Operating Activities $41.40M $62.10M
YoY Change -33.33% 92.86%
INVESTING ACTIVITIES
Capital Expenditures $18.10M $16.80M
YoY Change 7.74% 1.2%
Acquisitions $7.500M $4.100M
YoY Change 82.93% 355.56%
Other Investing Activities -$3.100M -$1.200M
YoY Change 158.33% -1300.0%
Cash From Investing Activities -$28.70M -$22.10M
YoY Change 29.86% 27.01%
FINANCING ACTIVITIES
Cash Dividend Paid $51.80M $51.10M
YoY Change 1.37% 1.79%
Common Stock Issuance & Retirement, Net $16.60M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$12.80M -35.60M
YoY Change -64.04% -33.95%
NET CHANGE
Cash From Operating Activities $41.40M 62.10M
Cash From Investing Activities -$28.70M -22.10M
Cash From Financing Activities -$12.80M -35.60M
Net Change In Cash $0.00 $4.200M
YoY Change -100.0% -110.74%
FREE CASH FLOW
Cash From Operating Activities $41.40M $62.10M
Capital Expenditures $18.10M $16.80M
Free Cash Flow $23.30M $45.30M
YoY Change -48.57% 190.38%

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AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
7700000 USD
CY2019Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
7700000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
2800000 USD
CY2019Q1 us-gaap Dividends
Dividends
51600000 USD
CY2019Q1 us-gaap Dividends
Dividends
51600000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
100000 USD
CY2019Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
1000000.0 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
1051300000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1091900000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
6100000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
9100000 USD
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
45800000 USD
CY2018Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
43600000 USD
CY2019Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-100000 USD
CY2018Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2300000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5300000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5000000.0 USD
CY2019Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000.0 USD
CY2018Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-800000 USD
CY2019Q1 us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
600000 USD
CY2018Q1 us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
600000 USD
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1500000 USD
CY2018Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
200000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
800000 USD
CY2018Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
800000 USD
CY2019Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
700000 USD
CY2018Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
200000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1400000 USD
CY2018Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1400000 USD
CY2019Q1 out Cash Paid For Capitalized Sales Commissions
CashPaidForCapitalizedSalesCommissions
14000000.0 USD
CY2018Q1 out Cash Paid For Capitalized Sales Commissions
CashPaidForCapitalizedSalesCommissions
12500000 USD
CY2019Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-35100000 USD
CY2018Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-42800000 USD
CY2019Q1 out Increase Decreasein Prepaid Mta Equipment Deployment Costs
IncreaseDecreaseinPrepaidMTAEquipmentDeploymentCosts
22700000 USD
CY2018Q1 out Increase Decreasein Prepaid Mta Equipment Deployment Costs
IncreaseDecreaseinPrepaidMTAEquipmentDeploymentCosts
7200000 USD
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3200000 USD
CY2018Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7400000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-24300000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-18900000 USD
CY2019Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
7500000 USD
CY2018Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
13600000 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1700000 USD
CY2018Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-4500000 USD
CY2019Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-6200000 USD
CY2018Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-400000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
41400000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
62100000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18100000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16800000 USD
CY2019Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
7500000 USD
CY2018Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4100000 USD
CY2019Q1 out Purchase Of Mta Franchise Rights
PurchaseOfMTAFranchiseRights
5400000 USD
CY2018Q1 out Purchase Of Mta Franchise Rights
PurchaseOfMTAFranchiseRights
1400000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
2200000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
200000 USD
CY2019Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
100000 USD
CY2018Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-28700000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-22100000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
35000000.0 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
10000000.0 USD
CY2019Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
15000000.0 USD
CY2018Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
57000000.0 USD
CY2019Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
20000000.0 USD
CY2018Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
45000000.0 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
16600000 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7600000 USD
CY2018Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6500000 USD
CY2019Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
51800000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
900000 USD
CY2018Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
51100000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-12800000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-35600000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100000 USD
CY2018Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-200000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
0 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4200000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54100000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48300000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54100000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52500000 USD
CY2019Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
800000 USD
CY2018Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
200000 USD
CY2019Q1 us-gaap Interest Paid
InterestPaid
24500000 USD
CY2018Q1 us-gaap Interest Paid
InterestPaid
20800000 USD
CY2019Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9400000 USD
CY2018Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11000000.0 USD
CY2019Q1 out Mta Franchise Rights Not Yet Paid
MTAFranchiseRightsNotYetPaid
1800000 USD
CY2018Q1 out Mta Franchise Rights Not Yet Paid
MTAFranchiseRightsNotYetPaid
0 USD
CY2019Q1 out Taxes Withheld For Stock Based Compensation
TaxesWithheldForStockBasedCompensation
100000 USD
CY2018Q1 out Taxes Withheld For Stock Based Compensation
TaxesWithheldForStockBasedCompensation
1000000.0 USD
CY2019Q1 out Numberof Largest Marketsin Whichthe Entity Operates Domestic
NumberofLargestMarketsinWhichtheEntityOperatesDomestic
25 markets
CY2019Q1 out Numberof Marketsin Whichthe Entity Operates
NumberofMarketsinWhichtheEntityOperates
140 markets
CY2019Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
The preparation of our financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amount of revenues and expenses during the reporting period. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.
CY2019Q1 out Numberofleases
Numberofleases
23600 leases
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1200000000 USD
CY2019Q1 us-gaap Assets Net
AssetsNet
1300000000 USD
CY2019Q1 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets1
NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1
24800000 USD
CY2019Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
1400000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52700000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52500000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52700000 USD
CY2019Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
1400000 USD
CY2018Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 USD
CY2018Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1400000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54100000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52500000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54100000 USD
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
153800000 USD
CY2019Q1 us-gaap Variable Lease Cost
VariableLeaseCost
19500000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
167900000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
231200000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
214800000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
197400000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
175500000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
854900000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1841700000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
521400000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1320300000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
154800000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
151800000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
139100000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
126200000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
109800000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
574600000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1256300000 USD
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
94200000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
440500000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
147600000 USD
CY2019Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
242000000.0 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
386300000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
39400000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
9700000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
2600000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
1600000 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2114100000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2089200000 USD
CY2019Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1459400000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1436300000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
654700000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
652900000 USD
CY2019Q1 us-gaap Depreciation
Depreciation
21100000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1634200000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1102200000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
532000000.0 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1625000000.0 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1087800000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
537200000 USD
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24700000 USD
CY2018Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
22500000 USD
CY2019Q1 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
10300000 USD
CY2018Q1 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
8700000 USD
CY2019Q1 us-gaap Asset Retirement Obligations Description
AssetRetirementObligationsDescription
The obligation is calculated based on the assumption that all of our advertising structures will be removed within the next 50 years.
CY2018Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
34200000 USD
CY2019Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
600000 USD
CY2019Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
100000 USD
CY2019Q1 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
600000 USD
CY2019Q1 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
100000 USD
CY2019Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
34400000 USD
CY2019Q1 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2019Q1 us-gaap Equity Method Investments
EquityMethodInvestments
15500000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
16100000 USD
CY2019Q1 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
1700000 USD
CY2018Q1 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
1600000 USD
CY2019Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
155000000.0 USD
CY2018Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
160000000.0 USD
CY2019Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
19300000 USD
CY2018Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
20400000 USD
CY2019Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2185700000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2149600000 USD
CY2019Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2340700000 USD
CY2018Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.051
CY2018Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2309600000 USD
CY2019Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.051
CY2019Q1 us-gaap Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
The Credit Agreement also requires that, in connection with the incurrence of certain indebtedness, we satisfy a Consolidated Total Leverage Ratio, which is the ratio of our consolidated total debt to our Consolidated EBITDA for the trailing four consecutive quarters, of no greater than 6.0 to 1.0.
CY2019Q1 out Consolidated Total Leverage Ratio
ConsolidatedTotalLeverageRatio
4.6
CY2019Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
22800000 USD
CY2019Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
3200000 USD
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
2400000 USD
CY2019Q1 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.025
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2019Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
141634024 shares
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2019Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q2 out Restriction For Dispositionof Assets Acquired
RestrictionForDispositionofAssetsAcquired
P5Y
CY2019Q1 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
5512 shares
CY2019Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
100000 USD
CY2019Q1 out Billboard Revenue
BillboardRevenue
251000000.0 USD
CY2018Q1 out Billboard Revenue
BillboardRevenue
239300000 USD
CY2019Q1 out Transitand Other Revenue
TransitandOtherRevenue
120700000 USD
CY2018Q1 out Transitand Other Revenue
TransitandOtherRevenue
98600000 USD
CY2019Q1 us-gaap Revenues
Revenues
371700000 USD
CY2018Q1 us-gaap Revenues
Revenues
337900000 USD
CY2019Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
242000000.0 USD
CY2018Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
231900000 USD
CY2019Q1 us-gaap Revenues
Revenues
371700000 USD
CY2018Q1 us-gaap Revenues
Revenues
337900000 USD
CY2019Q1 us-gaap Restructuring Charges
RestructuringCharges
300000 USD
CY2018Q1 us-gaap Restructuring Charges
RestructuringCharges
1100000 USD
CY2019Q1 us-gaap Restructuring Reserve
RestructuringReserve
1200000 USD
CY2019Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
2500000 USD
CY2018Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
4100000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
300000 USD
CY2018Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
300000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
5000000.0 USD
CY2018Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
4700000 USD
CY2019Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
500000 USD
CY2018Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
400000 USD
CY2019Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
500000 USD
CY2018Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
400000 USD
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52500000 USD

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