2020 Q4 Form 10-Q Financial Statement

#000157987720000106 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $335.8M $282.3M $488.1M
YoY Change -31.2% -38.96% 7.89%
Cost Of Revenue $79.10M $61.50M $149.6M
YoY Change -47.13% -56.69% -36.48%
Gross Profit $256.7M $220.8M $338.5M
YoY Change -24.17% -31.11% 56.06%
Gross Profit Margin 76.44% 78.21% 69.35%
Selling, General & Admin $206.9M $72.50M $192.7M
YoY Change 7.37% -11.91% 147.37%
% of Gross Profit 80.6% 32.84% 56.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.30M $21.00M $22.40M
YoY Change -4.91% -6.25% -0.44%
% of Gross Profit 8.3% 9.51% 6.62%
Operating Expenses $217.1M $72.50M $241.3M
YoY Change -10.03% -11.91% 91.2%
Operating Profit $39.50M $25.10M $98.00M
YoY Change -59.69% -70.64% 7.34%
Interest Expense -$33.80M -$34.20M -$34.40M
YoY Change -1.74% 0.88% 5.2%
% of Operating Profit -85.57% -136.25% -35.1%
Other Income/Expense, Net $0.00 -$100.0K $0.00
YoY Change -100.0%
Pretax Income $5.700M -$9.200M $46.10M
YoY Change -87.64% -122.66% -20.93%
Income Tax $800.0K $3.500M $2.400M
% Of Pretax Income 14.04% 5.21%
Net Earnings $4.300M -$13.50M $45.00M
YoY Change -90.44% -134.88% -21.33%
Net Earnings / Revenue 1.28% -4.78% 9.22%
Basic Earnings Per Share -$0.02 -$0.14 $0.31
Diluted Earnings Per Share -$0.02 -$0.14 $0.31
COMMON SHARES
Basic Shares Outstanding 144.4M shares 144.4M shares 143.5M shares
Diluted Shares Outstanding 144.4M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $710.4M $690.6M $59.10M
YoY Change 1102.03% 1084.56% 12.14%
Cash & Equivalents $710.4M $690.6M $59.10M
Short-Term Investments
Other Short-Term Assets $33.70M $31.50M $5.100M
YoY Change 560.78% 200.0% -39.29%
Inventory
Prepaid Expenses
Receivables $209.2M $191.4M $290.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $974.7M $938.2M $435.8M
YoY Change 123.66% 103.96% 1.47%
LONG-TERM ASSETS
Property, Plant & Equipment $634.2M $644.2M $666.2M
YoY Change -4.8% -3.24% 2.04%
Goodwill $2.078B $2.077B $2.083B
YoY Change -0.25% -0.29% 0.16%
Intangibles
YoY Change
Long-Term Investments $10.50M $11.80M $15.40M
YoY Change -31.82% -29.76% -4.35%
Other Assets $36.80M $38.90M $73.20M
YoY Change -49.73% -46.42% 6.4%
Total Long-Term Assets $4.922B $4.932B $4.947B
YoY Change -0.49% 1.47% 45.52%
TOTAL ASSETS
Total Short-Term Assets $974.7M $938.2M $435.8M
Total Long-Term Assets $4.922B $4.932B $4.947B
Total Assets $5.897B $5.871B $5.382B
YoY Change 9.56% 10.33% 40.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $64.90M $51.90M $67.90M
YoY Change -4.42% -2.81% 20.18%
Accrued Expenses $339.8M $329.5M $340.3M
YoY Change -0.15% 1.35% 140.32%
Deferred Revenue
YoY Change
Short-Term Debt $80.00M $80.00M $195.0M
YoY Change -58.97% -61.9% 21.88%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $534.9M $527.0M $650.0M
YoY Change -17.71% -18.31% 61.45%
LONG-TERM LIABILITIES
Long-Term Debt $2.621B $2.620B $2.222B
YoY Change 17.94% 18.4% 3.37%
Other Long-Term Liabilities $55.00M $50.50M $45.60M
YoY Change 20.61% 10.5% -43.0%
Total Long-Term Liabilities $2.676B $2.670B $2.268B
YoY Change 18.0% 18.24% 1.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $534.9M $527.0M $650.0M
Total Long-Term Liabilities $2.676B $2.670B $2.268B
Total Liabilities $4.513B $4.495B $4.256B
YoY Change 6.05% 7.16% 58.6%
SHAREHOLDERS EQUITY
Retained Earnings -$1.100B -$1.098B -$964.6M
YoY Change 14.08% 14.67% 10.67%
Common Stock $1.400M $1.400M $1.400M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $973.8M $964.6M $1.094B
YoY Change
Total Liabilities & Shareholders Equity $5.897B $5.871B $5.382B
YoY Change 9.56% 10.33% 40.58%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income $4.300M -$13.50M $45.00M
YoY Change -90.44% -134.88% -21.33%
Depreciation, Depletion And Amortization $21.30M $21.00M $22.40M
YoY Change -4.91% -6.25% -0.44%
Cash From Operating Activities $44.60M $35.30M $114.8M
YoY Change -61.15% -55.09% 49.28%
INVESTING ACTIVITIES
Capital Expenditures -$14.10M -$12.00M -$33.50M
YoY Change -57.91% -76.97% 55.09%
Acquisitions
YoY Change
Other Investing Activities -$4.000M $26.20M -$4.700M
YoY Change -14.89% -848.57% -304.35%
Cash From Investing Activities -$18.10M $14.20M -$38.20M
YoY Change -52.62% -125.54% 97.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.000M -7.300M -79.60M
YoY Change -89.95% -98.32% 29.64%
NET CHANGE
Cash From Operating Activities 44.60M 35.30M 114.8M
Cash From Investing Activities -18.10M 14.20M -38.20M
Cash From Financing Activities -8.000M -7.300M -79.60M
Net Change In Cash 18.50M 42.20M -3.000M
YoY Change -716.67% -110.23% -21.05%
FREE CASH FLOW
Cash From Operating Activities $44.60M $35.30M $114.8M
Capital Expenditures -$14.10M -$12.00M -$33.50M
Free Cash Flow $58.70M $47.30M $148.3M
YoY Change -60.42% -63.81% 50.56%

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CY2020Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2019Q3 us-gaap Profit Loss
ProfitLoss
38700000 USD
us-gaap Profit Loss
ProfitLoss
-65000000.0 USD
us-gaap Profit Loss
ProfitLoss
95100000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
200000 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
300000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-13500000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
38700000 USD
us-gaap Net Income Loss
NetIncomeLoss
-65300000 USD
us-gaap Net Income Loss
NetIncomeLoss
95100000 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.54
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.54
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
144400000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
143400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
144200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142100000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144400000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142700000 shares
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-13300000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
38700000 USD
us-gaap Profit Loss
ProfitLoss
-65000000.0 USD
us-gaap Profit Loss
ProfitLoss
95100000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
200000 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
300000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-13500000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
38700000 USD
us-gaap Net Income Loss
NetIncomeLoss
-65300000 USD
us-gaap Net Income Loss
NetIncomeLoss
95100000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2600000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-800000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3500000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
6400000 USD
CY2020Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
100000 USD
CY2019Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-200000 USD
CY2020Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-400000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-100000 USD
CY2020Q3 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
1300000 USD
CY2019Q3 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
-400000 USD
us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
-2300000 USD
us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
-3200000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3800000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1000000.0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5400000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3300000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9700000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
37700000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-70700000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
98400000 USD
CY2020Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1097700000 USD
CY2019Q2 out Total Equity
TotalEquity
1134900000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
38700000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
38700000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1000000.0 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1000000.0 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5600000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5600000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
4100000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.36
CY2019Q3 us-gaap Dividends
Dividends
52100000 USD
CY2019Q3 us-gaap Dividends
Dividends
52100000 USD
CY2019Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
100000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1093000000.0 USD
CY2019Q3 out Total Equity
TotalEquity
1126200000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
976100000 USD
CY2020Q2 out Total Equity
TotalEquity
1386700000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-13500000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
200000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-13300000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3800000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3800000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5400000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5400000 USD
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
200000 USD
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
200000 USD
CY2020Q3 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.07
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
964600000 USD
CY2020Q3 out Total Equity
TotalEquity
1375400000 USD
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1102800000 USD
CY2018Q4 out Total Equity
TotalEquity
1145300000 USD
CY2018Q4 out Cumulative Effect Of New Accounting Standard On Equity
CumulativeEffectOfNewAccountingStandardOnEquity
-24800000 USD
CY2018Q4 out Cumulative Effect Of New Accounting Standard On Equity
CumulativeEffectOfNewAccountingStandardOnEquity
-24800000 USD
us-gaap Net Income Loss
NetIncomeLoss
95100000 USD
us-gaap Net Income Loss
NetIncomeLoss
95100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3300000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3300000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16400000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16400000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
7700000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
7700000 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
13000000.0 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.08
us-gaap Dividends
Dividends
156000000.0 USD
us-gaap Dividends
Dividends
156000000.0 USD
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
100000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
3800000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1093000000.0 USD
CY2019Q3 out Total Equity
TotalEquity
1126200000 USD
CY2020Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1093800000 USD
CY2019Q4 out Total Equity
TotalEquity
1126400000 USD
us-gaap Net Income Loss
NetIncomeLoss
-65300000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
300000 USD
us-gaap Profit Loss
ProfitLoss
-65000000.0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5400000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5400000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17300000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17300000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
12400000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
12400000 USD
us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
383400000 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
4400000 USD
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.07
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.38
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
964600000 USD
CY2020Q3 out Total Equity
TotalEquity
1375400000 USD
us-gaap Net Income Loss
NetIncomeLoss
-65300000 USD
us-gaap Net Income Loss
NetIncomeLoss
95100000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
300000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
135600000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
145900000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3800000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1200000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
17300000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
16400000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17400000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4000000.0 USD
us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
1900000 USD
us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
1900000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
13300000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
3000000.0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-11000000.0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-500000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3900000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2100000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
3100000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4800000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4900000 USD
out Cash Paid For Capitalized Sales Commissions
CashPaidForCapitalizedSalesCommissions
32600000 USD
out Cash Paid For Capitalized Sales Commissions
CashPaidForCapitalizedSalesCommissions
34500000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-80500000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
29200000 USD
out Increase Decreasein Prepaid Mta Equipment Deployment Costs
IncreaseDecreaseinPrepaidMTAEquipmentDeploymentCosts
29400000 USD
out Increase Decreasein Prepaid Mta Equipment Deployment Costs
IncreaseDecreaseinPrepaidMTAEquipmentDeploymentCosts
64200000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
25000000.0 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10400000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-36500000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3000000.0 USD
out Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
13400000 USD
out Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
9700000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
12100000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
9100000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1000000.0 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-500000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-5000000.0 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-2500000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
86000000.0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
162100000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
42000000.0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
65400000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
15500000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
60700000 USD
out Purchase Of Mta Franchise Rights
PurchaseOfMTAFranchiseRights
14400000 USD
out Purchase Of Mta Franchise Rights
PurchaseOfMTAFranchiseRights
16900000 USD
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
35900000 USD
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
4900000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
900000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35100000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-138100000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
895000000.0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
760000000.0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
495000000.0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
695000000.0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
15000000.0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
280000000.0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
130000000.0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
230000000.0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7700000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
9500000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
7400000 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
383800000 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
50900000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
12000000.0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7700000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
68100000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
156000000.0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
581000000.0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14700000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-600000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
300000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
631300000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9600000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
60900000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54100000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
692200000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
63700000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3100000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7900000 USD
us-gaap Interest Paid Net
InterestPaidNet
93500000 USD
us-gaap Interest Paid Net
InterestPaidNet
92300000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5300000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
10900000 USD
out Mta Franchise Rights Not Yet Paid
MTAFranchiseRightsNotYetPaid
5200000 USD
out Mta Franchise Rights Not Yet Paid
MTAFranchiseRightsNotYetPaid
2300000 USD
out Taxes Withheld For Stock Based Compensation
TaxesWithheldForStockBasedCompensation
300000 USD
out Taxes Withheld For Stock Based Compensation
TaxesWithheldForStockBasedCompensation
0 USD
out Numberof Largest Marketsin Whichthe Entity Operates Domestic
NumberofLargestMarketsinWhichtheEntityOperatesDomestic
25 markets
out Numberof Marketsin Whichthe Entity Operates
NumberofMarketsinWhichtheEntityOperates
150 markets
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
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, including the impact of extraordinary events such as the novel coronavirus (COVID-19) pandemic, 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 materially from these estimates under different assumptions or conditions, including the severity and duration of the COVID-19 pandemic.
CY2020Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
6100000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17400000 USD
CY2020Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
1600000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
690600000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
58300000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
59100000 USD
CY2020Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
1600000 USD
CY2019Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
5400000 USD
us-gaap Depreciation
Depreciation
63200000 USD
us-gaap Depreciation
Depreciation
64900000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
666200000 USD
CY2019Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1800000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
692200000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
63700000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
60900000 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2211400000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2193800000 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1567200000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1527600000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
644200000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
21000000.0 USD
CY2019Q3 us-gaap Depreciation
Depreciation
22400000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1735900000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1186500000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
549400000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1697800000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1146900000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
550900000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24400000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
28700000 USD
CY2020Q3 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
9100000 USD
CY2019Q3 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
13600000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
72400000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
81000000.0 USD
us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
26700000 USD
us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
36900000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
182800000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
168300000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y2M12D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.056
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
16000000.0 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
26300000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
52700000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
66200000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
285900000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
147900000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
296500000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
321900000 USD
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
231700000 USD
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
301300000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
676000000.0 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
839400000 USD
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.
out Asset Retirement Obligation Expected Term
AssetRetirementObligationExpectedTerm
P50Y
CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
35100000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1900000 USD
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
200000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1700000 USD
us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
-100000 USD
CY2020Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
35400000 USD
CY2020Q3 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2020Q3 us-gaap Equity Method Investments
EquityMethodInvestments
11800000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
15400000 USD
CY2020Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
1000000.0 USD
CY2019Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
2200000 USD
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
3500000 USD
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
6100000 USD
CY2020Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
80000000.0 USD
CY2019Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
195000000.0 USD
CY2020Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2619600000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2222100000 USD
CY2020Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2699600000 USD
CY2019Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2417100000 USD
CY2020Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.045
CY2019Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.045
CY2020Q2 out Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
2 subsidiary
out Debt Covenant Maximum Consolidated Total Leverage Ratio
DebtCovenantMaximumConsolidatedTotalLeverageRatio
6.0
out Consolidated Total Leverage Ratio
ConsolidatedTotalLeverageRatio
8.2
us-gaap Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
The terms of the Credit Agreement (and under certain circumstances, the agreements governing the AR Securitization Facilities) require that we maintain a Consolidated Net Secured Leverage Ratio, which is the ratio of (i) our consolidated secured debt (less up to $150.0 million of unrestricted cash) to (ii) our Consolidated EBITDA (as defined in the Credit Agreement) for the trailing four consecutive quarters, of no greater than 4.5 to 1.0.
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
34400000 USD
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
144429154 shares
CY2020Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
144429154 shares
CY2020Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2020Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
400000 shares
CY2020Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
400000 shares
CY2020Q2 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
400000 shares
CY2020Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.070
CY2020Q2 out Dividend Period
DividendPeriod
P12M
CY2020Q2 out Dividend Period
DividendPeriod
P12M
CY2020Q2 us-gaap Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
The Series A Preferred Stock is convertible at the option of any holder at any time into shares of our common stock at an initial conversion price of $16.00 per share and an initial conversion rate of 62.50 shares of our common stock per share of Series A Preferred Stock, subject to certain anti-dilution adjustments. The issuance of shares of our common stock upon the conversion of Series A Preferred Stock is subject to a cap equal to 28,856,239 shares of our common stock (the “Share Cap”), unless and until the Company obtains stockholder approval to the extent required for the issuance of additional shares. Any amounts owed above the Share Cap must be paid in cash.Subject to certain conditions, at the Company’s option, (i) after the third anniversary of the Closing Date, all of the Series A Preferred Stock may be converted into shares of our common stock, and (ii) after the seventh anniversary of the Closing Date, all of the Series A Preferred Stock may be redeemed for cash at a redemption price equal to 100% of the liquidation preference of the Series A Preferred Stock, plus any accrued and unpaid dividends. Subject to certain conditions, each holder of the Series A Preferred Stock, after a Change of Control (as defined in the Articles) may (i) require the Company to purchase any or all of their shares of Series A Preferred Stock at a redemption price payable in cash equal to 105% of the liquidation preference of the Series A Preferred Stock, plus any accrued and unpaid dividends, or (ii) convert any or all of their shares of Series A Preferred Stock into the number of shares of our common stock equal to the liquidation preference (including accrued and unpaid dividends) divided by the then-applicable conversion price.
CY2020Q3 out Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
16.00
CY2020Q3 out Convertible Preferred Stock Common Shares Issuable
ConvertiblePreferredStockCommonSharesIssuable
62.50 shares
CY2020Q3 out Redemption Price As A Percentageof Liquidation Preference
RedemptionPriceAsAPercentageofLiquidationPreference
1
CY2020Q3 out Billboard Revenue
BillboardRevenue
239900000 USD
CY2019Q3 out Billboard Revenue
BillboardRevenue
312000000.0 USD
out Billboard Revenue
BillboardRevenue
699300000 USD
out Billboard Revenue
BillboardRevenue
868800000 USD
CY2020Q3 out Transitand Other Revenue
TransitandOtherRevenue
42400000 USD
CY2019Q3 out Transitand Other Revenue
TransitandOtherRevenue
150500000 USD
out Transitand Other Revenue
TransitandOtherRevenue
201200000 USD
out Transitand Other Revenue
TransitandOtherRevenue
425300000 USD
CY2020Q3 us-gaap Revenues
Revenues
282300000 USD
CY2019Q3 us-gaap Revenues
Revenues
462500000 USD
us-gaap Revenues
Revenues
900500000 USD
us-gaap Revenues
Revenues
1294100000 USD
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
231700000 USD
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
301300000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
676000000.0 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
839400000 USD
CY2020Q3 us-gaap Revenues
Revenues
282300000 USD
CY2019Q3 us-gaap Revenues
Revenues
462500000 USD
us-gaap Revenues
Revenues
900500000 USD
us-gaap Revenues
Revenues
1294100000 USD
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
2500000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
600000 USD
us-gaap Restructuring Charges
RestructuringCharges
5300000 USD
out Sharebased Compensation Related To Restructuring Charges
SharebasedCompensationRelatedToRestructuringCharges
900000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
15500000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
41700000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
300000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
400000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000.0 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1100000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
5100000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
5200000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
16300000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
15300000 USD
CY2020Q3 us-gaap Share Price
SharePrice
14.55
CY2020Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
200000 USD
CY2019Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
600000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
900000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1500000 USD
CY2020Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
600000 USD
CY2019Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
500000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1900000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1500000 USD
CY2020Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1000000.0 USD
CY2019Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
700000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3000000.0 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2000000.0 USD
CY2020Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
0 USD
CY2019Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-100000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-500000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-400000 USD
CY2020Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-200000 USD
CY2019Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
500000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
300000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1400000 USD
us-gaap Pension Contributions
PensionContributions
1000000.0 USD
CY2020Q3 us-gaap Defined Benefit Plan Expected Future Employer Contributions Current Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsCurrentFiscalYear
1300000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-13500000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
38700000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-65300000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
95100000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20500000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
38300000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-78200000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
93600000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
144400000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
143400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
144200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142100000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
800000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144400000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142700000 shares
CY2020Q3 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
4300000 USD
CY2020Q3 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
199400000 USD
CY2020Q3 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
204900000 USD
CY2020Q3 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
179300000 USD
CY2020Q3 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
179700000 USD
CY2020Q3 out Other Commitment Due After Fourth Year
OtherCommitmentDueAfterFourthYear
559300000 USD
CY2020Q3 us-gaap Other Commitment
OtherCommitment
1326900000 USD
CY2020Q3 out Equipment Deployment Costs Percentage
EquipmentDeploymentCostsPercentage
0.30
CY2020Q3 out Equipment Deployment Costs Percentage
EquipmentDeploymentCostsPercentage
0.30
CY2019Q4 out Prepaid Mta Equipment Deployment Costs
PrepaidMTAEquipmentDeploymentCosts
171500000 USD
CY2020Q3 out Prepaid Mta Equipment Deployment Costs
PrepaidMTAEquipmentDeploymentCosts
200900000 USD
CY2019Q4 out Mta Equipment Deployment Costs
MTAEquipmentDeploymentCosts
209800000 USD
out Mta Equipment Development Cost Additions
MTAEquipmentDevelopmentCostAdditions
66700000 USD
CY2020Q3 out Mta Equipment Deployment Costs
MTAEquipmentDeploymentCosts
272400000 USD
CY2018Q4 out Prepaid Mta Equipment Deployment Costs
PrepaidMTAEquipmentDeploymentCosts
79500000 USD
CY2019Q4 out Prepaid Mta Equipment Deployment Costs
PrepaidMTAEquipmentDeploymentCosts
171500000 USD
CY2018Q4 out Mta Equipment Deployment Costs
MTAEquipmentDeploymentCosts
94300000 USD
CY2019 out Mta Equipment Development Cost Additions
MTAEquipmentDevelopmentCostAdditions
150800000 USD
CY2019Q4 out Mta Equipment Deployment Costs
MTAEquipmentDeploymentCosts
209800000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2020Q3 us-gaap Revenues
Revenues
282300000 USD
CY2019Q3 us-gaap Revenues
Revenues
462500000 USD
us-gaap Revenues
Revenues
900500000 USD
us-gaap Revenues
Revenues
1294100000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-13300000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
38700000 USD
us-gaap Profit Loss
ProfitLoss
-65000000.0 USD
us-gaap Profit Loss
ProfitLoss
95100000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3500000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8500000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-600000 USD
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1400000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-500000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3900000 USD
CY2020Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-34200000 USD
CY2019Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-33900000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-97300000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-100500000 USD
CY2020Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2019Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-11000000.0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-11000000.0 USD
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-100000 USD
CY2019Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
51100000 USD
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
100000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
100000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
25100000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
85500000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
33000000.0 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
211100000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
600000 USD
CY2019Q3 us-gaap Restructuring Charges
RestructuringCharges
0 USD
us-gaap Restructuring Charges
RestructuringCharges
5300000 USD
us-gaap Restructuring Charges
RestructuringCharges
300000 USD
CY2020Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
8000000.0 USD
CY2019Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1900000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
13300000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
3000000.0 USD
CY2020Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
45400000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
135600000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
145900000 USD
CY2020Q3 out Share Based Compensation Excluding Compensation Related Restructuring Charges
ShareBasedCompensationExcludingCompensationRelatedRestructuringCharges
5400000 USD
CY2019Q3 out Share Based Compensation Excluding Compensation Related Restructuring Charges
ShareBasedCompensationExcludingCompensationRelatedRestructuringCharges
5600000 USD
out Share Based Compensation Excluding Compensation Related Restructuring Charges
ShareBasedCompensationExcludingCompensationRelatedRestructuringCharges
16400000 USD
out Share Based Compensation Excluding Compensation Related Restructuring Charges
ShareBasedCompensationExcludingCompensationRelatedRestructuringCharges
16400000 USD
CY2020Q3 out Segment Operating Measure
SegmentOperatingMeasure
68500000 USD
CY2019Q3 out Segment Operating Measure
SegmentOperatingMeasure
140300000 USD
out Segment Operating Measure
SegmentOperatingMeasure
177000000.0 USD
out Segment Operating Measure
SegmentOperatingMeasure
370700000 USD
CY2020Q3 out Segment Operating Measure
SegmentOperatingMeasure
68500000 USD
CY2019Q3 out Segment Operating Measure
SegmentOperatingMeasure
140300000 USD
out Segment Operating Measure
SegmentOperatingMeasure
177000000.0 USD
out Segment Operating Measure
SegmentOperatingMeasure
370700000 USD
CY2020Q3 us-gaap Assets
Assets
5870500000 USD
CY2019Q4 us-gaap Assets
Assets
5382300000 USD

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