Outfront Media (OUT) 10-Q 8 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Mar. 31, 2019	May 07, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019
Document Period End Date	Mar. 31, 2019
Entity Central Index Key	0001579877
Entity Registrant Name	OUTFRONT Media Inc.
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Amendment Flag	false
Entity Common Stock, Shares Outstanding		141,634,725

Consolidated Statements of Fina

Consolidated Statements of Financial Position (Unaudited) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 52.7	$ 52.7
Restricted cash	1.4	1.4
Receivables, less allowance ($10.7 in 2019 and $10.7 in 2018)	229.1	264.9
Prepaid lease and transit franchise costs	13.4	69.3
Prepaid MTA equipment deployment costs	31.1	18.9
Other prepaid expenses	15.3	13.9
Other current assets	8.7	8.4
Total current assets	351.7	429.5
Noncurrent assets:
Property and equipment, net	654.7	652.9
Goodwill	2,080.7	2,079.7
Intangible assets	532	537.2
Operating lease assets	1,327.8	0
Prepaid MTA equipment deployment costs	71.1	60.6
Other assets	59	68.8
Total assets	5,077	3,828.7
Current liabilities:
Accounts payable	53.3	56.5
Accrued compensation	24.4	47.1
Accrued interest	26	19.1
Accrued lease and transit franchise costs	40.7	44.2
Other accrued expenses	32.9	31.2
Deferred revenues	37.3	29.8
Short-term debt	155	160
Short-term operating lease liabilities	153.8	0
Other current liabilities	15.1	14.7
Total current liabilities	538.5	402.6
Noncurrent liabilities:
Long-term debt, net	2,185.7	2,149.6
Deferred income tax liabilities, net	17.5	17
Asset retirement obligation	34.4	34.2
Operating lease liabilities	1,166.5	0
Other liabilities	42.5	80
Total liabilities	3,985.1	2,683.4
Commitments and contingencies
Stockholders’ equity:
Common stock (2019 - 450.0 shares authorized, and 141.6 shares issued and outstanding; 2018 - 450.0 shares authorized, and 140.2 issued and outstanding)	1.4	1.4
Additional paid-in capital	2,012	1,995
Distribution in excess of earnings	(941.9)	(871.6)
Accumulated other comprehensive loss	(20.2)	(22)
Total stockholders' equity	1,051.3	1,102.8
Non-controlling interests	40.6	42.5
Total equity	1,091.9	1,145.3
Total liabilities and equity	$ 5,077	$ 3,828.7

Consolidated Statement of Finan

Consolidated Statement of Financial Position (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for receivables	$ 10.7	$ 10.7
Common Stock, Shares Authorized	450,000,000	450,000,000
Common Stock, Shares Issued	141,634,024	140,239,977
Common Stock, Shares Outstanding	141,634,024	140,239,977

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues:
Billboard	$ 251	$ 239.3
Transit and other	120.7	98.6
Total revenues	371.7	337.9
Expenses:
Operating	216.9	197.1
Selling, general and administrative	73.3	64.6
Restructuring charges	0.3	1.1
Net gain on dispositions	(1.5)	(0.2)
Depreciation	21.1	21.1
Amortization	24.7	22.5
Total expenses	334.8	306.2
Operating income	36.9	31.7
Interest expense, net	(32.7)	(30)
Other income (expense), net	0.1	(0.1)
Income before benefit for income taxes and equity in earnings of investee companies	4.3	1.6
Benefit for income taxes	1	6.7
Equity in earnings of investee companies, net of tax	0.8	0.8
Net income	$ 6.1	$ 9.1
Net income per common share:
Basic (in dollars per share)	$ 0.04	$ 0.06
Diluted (in dollars per share)	$ 0.04	$ 0.06
Weighted average shares outstanding:
Basic (in shares)	140.7	138.8
Diluted (in shares)	141.1	139.1

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 6.1	$ 9.1
Other comprehensive income (loss), net of tax:
Cumulative translation adjustments	2.6	(5.4)
Net actuarial gain	0	0.3
Change in fair value of interest rate swap agreements	(0.8)	0
Total other comprehensive income (loss), net of tax	1.8	(5.1)
Total comprehensive income	$ 7.9	$ 4

Consolidated Statements of Equi

Consolidated Statements of Equity (Unaudited) - USD ($) $ in Millions	Total	Common Stock	Additional Paid-In Capital	Distribution in Excess of Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interest	At-The-Market Equity Offering Program	At-The-Market Equity Offering ProgramAdditional Paid-In Capital
Shares of common stock, beginning balance at Dec. 31, 2017		138,600,000
Total stockholders' equity, beginning balance at Dec. 31, 2017	$ 1,181.1
Non-controlling interests, beginning balance at Dec. 31, 2017						$ 45.5
Total equity, beginning balance at Dec. 31, 2017	1,226.6	$ 1.4	$ 1,963	$ (775.6)	$ (7.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	9.1			9.1
Other comprehensive income (loss)	(5.1)				(5.1)
Other comprehensive income (loss) - total equity	(5.1)
Stock-based payments: Vested (shares)		900,000
Stock-based payments: Amortization	5		5
Shares paid for tax withholding for stock-based payments (shares)		(300,000)
Shares paid for tax withholding for stock-based payments	(7.4)		(7.4)
Dividends	(50.9)			(50.9)
Other	0.1
Issuance of shares of a subsidiary						0.1
Shares of common stock, ending balance at Mar. 31, 2018		139,200,000
Total stockholders' equity, ending balance at Mar. 31, 2018	1,131.8
Non-controlling interests, ending balance at Mar. 31, 2018						45.6
Total equity, ending balance at Mar. 31, 2018	1,177.4	$ 1.4	1,960.6	(817.4)	(12.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of a new accounting standard	$ (24.8)			(24.8)
Shares of common stock, beginning balance at Dec. 31, 2018	140,239,977	140,200,000
Total stockholders' equity, beginning balance at Dec. 31, 2018	$ 1,102.8
Non-controlling interests, beginning balance at Dec. 31, 2018	42.5					42.5
Total equity, beginning balance at Dec. 31, 2018	1,145.3	$ 1.4	1,995	(871.6)	(22)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6.1			6.1
Other comprehensive income (loss)	1.8				1.8
Other comprehensive income (loss) - total equity	1.8
Stock-based payments: Vested (shares)		900,000
Stock-based payments: Amortization	5.3		5.3
Shares paid for tax withholding for stock-based payments (shares)		(400,000)
Shares paid for tax withholding for stock-based payments	(7.7)		(7.7)
Class A equity interest redemptions (shares)		100,000
Class A equity interest redemptions	2.8		2.8
Decrease in non-controlling interests due to redemptions						(2.8)
Shares issued under the ATM Program		800,000					750,000
Other							$ 16.5	$ 16.5
Dividends	(51.6)			(51.6)
Stock Issued During Period, Value, Issued for Services	0.1		0.1
Other	$ 1
Issuance of shares of a subsidiary						0.9
Shares of common stock, ending balance at Mar. 31, 2019	141,634,024	141,600,000
Total stockholders' equity, ending balance at Mar. 31, 2019	$ 1,051.3
Non-controlling interests, ending balance at Mar. 31, 2019	40.6					$ 40.6
Total equity, ending balance at Mar. 31, 2019	$ 1,091.9	$ 1.4	$ 2,012	$ (941.9)	$ (20.2)

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Common stock, par value per share	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Dividends declared per common share (in dollars per share)	$ 0.36	$ 0.36

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating Activities:
Net income	$ 6.1	$ 9.1
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation and amortization	45.8	43.6
Deferred tax benefit	(0.1)	(2.3)
Stock-based compensation	5.3	5
Provision for doubtful accounts	1	(0.8)
Accretion expense	0.6	0.6
Net gain on dispositions	(1.5)	(0.2)
Equity in earnings of investee companies, net of tax	(0.8)	(0.8)
Distributions from investee companies	0.7	0.2
Amortization of deferred financing costs and debt discount and premium	1.4	1.4
Cash paid for direct lease acquisition costs	(14)	(12.5)
Change in assets and liabilities, net of investing and financing activities:
Decrease in receivables	35.1	42.8
Increase in prepaid MTA equipment deployment costs	(22.7)	(7.2)
Increase in prepaid expenses and other current assets	(3.2)	(7.4)
Decrease in accounts payable and accrued expenses	(24.3)	(18.9)
Increase in deferred revenues	7.5	13.6
Decrease in income taxes	(1.7)	(4.5)
Other, net	6.2	0.4
Net cash flow provided by (used for) operating activities	41.4	62.1
Investing Activities:
Capital expenditures	(18.1)	(16.8)
Acquisitions	(7.5)	(4.1)
MTA franchise rights	(5.4)	(1.4)
Net proceeds from dispositions	2.2	0.2
Return of investment in investee companies	0.1	0
Net cash flow provided by (used for) investing activities	(28.7)	(22.1)
Financing Activities:
Proceeds from long-term debt borrowings	35	10
Proceeds from borrowings under short-term debt facilities	15	57
Repayments of borrowings under short-term debt facilities	(20)	(45)
Proceeds from shares issued under the ATM Program	16.6	0
Taxes withheld for stock-based compensation	(7.6)	(6.5)
Dividends	(51.8)	(51.1)
Net cash flow provided by (used for) financing activities	(12.8)	(35.6)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0.1	(0.2)
Net increase in cash, cash equivalents and restricted cash	0	4.2
Cash, cash equivalents and restricted cash, beginning of period	54.1	48.3
Cash, cash equivalents and restricted cash, end of period	54.1	52.5
Supplemental disclosure of cash flow Information:
Cash paid for income taxes	0.8	0.2
Cash paid for interest	24.5	20.8
Non-cash investing and financing activities:
Accrued purchases of property and equipment	9.4	11
Accrued MTA franchise rights	1.8	0
Taxes withheld for stock-based compensation	$ 0.1	$ 1

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business OUTFRONT Media Inc. (the “Company”) and its subsidiaries (collectively, “we,” “us” or “our”) is a real estate investment trust (“REIT”), which provides advertising space (“displays”) on out-of-home advertising structures and sites in the United States (the “U.S.”) and Canada. Our inventory consists of billboard displays, which are primarily located on the most heavily traveled highways and roadways in top Nielsen Designated Market Areas (“DMAs”), and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S. and Canada. We also have marketing and multimedia rights agreements with colleges, universities and other educational institutions, which entitle us to operate on-campus advertising displays, as well as manage marketing opportunities, media rights and experiential entertainment at sports events. In total, we have displays in all of the 25 largest markets in the U.S. and approximately 140 markets across the U.S. and Canada. We manage our operations through three operating segments—(1) U.S. Billboard and Transit, which is included in our U.S. Media reportable segment, (2) International and (3) Sports Marketing. Basis of Presentation and Use of Estimates The accompanying unaudited consolidated financial statements have been prepared pursuant to the rules of the Securities and Exchange Commission (the “SEC”). In the opinion of our management, the accompanying unaudited consolidated financial statements reflect all adjustments, consisting of normal and recurring adjustments, necessary for a fair statement of our financial position, results of operations and cash flows for the periods presented. Certain reclassifications of prior year’s data have been made to conform to the current period’s presentation. These financial statements should be read in conjunction with the more detailed financial statements and notes thereto, included in our Annual Report on Form 10-K for the year ended December 31, 2018 , filed with the SEC on February 27, 2019 .

New Accounting Standards

New Accounting Standards	3 Months Ended
	Mar. 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Standards	New Accounting Standards Adoption of New Accounting Standards Leases In the first quarter of 2019, we adopted the Financial Accounting Standards Board’s (the “FASB’s”) guidance addressing the recognition, measurement, presentation and disclosure of leases for both lessees and lessors using the transition method to adopt the new lease standard. The transition method allows entities to apply the new lease standard at the adoption date rather than adjusting each period presented at the date of adoption. The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification determines whether lease expense is recognized based on an effective interest method or on a straight line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases regardless of their classification. We elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed us to carry forward our historical lease classification. We also elected the practical expedient related to land easements, which allowed us to carry forward our accounting treatment for land easements on existing leases. In addition we elected the hindsight practical expedient which resulted in increasing the length of our lease term for existing leases with cancellation provisions. At adoption, we had approximately 23,600 lease agreements as lessee, all of which were classified as operating leases. On January 1, 2019, the adoption of this standard resulted in the recognition of an operating lease liability of $1.2 billion and a right-of-use operating lease asset of the same amount. Existing prepaid and accrued lease costs were reclassified to the right-of-use operating lease asset, resulting in a net asset of $1.3 billion on the Consolidated Statement of Financial Position. As a result of the adoption of this standard, we also recorded a cumulative-effect adjustment of $24.8 million to beginning Distribution in excess of earnings on the Consolidated Statement of Equity for lease costs which would have been recognized in prior periods as a result of the change in the lease term. Under the new guidance, lessors account for leases using an approach that is substantially equivalent to previous guidance for sales-type leases, direct financing leases and operating leases. Our billboard lease revenues will continue to be recognized on a straight-line basis over their respective lease terms. Adoption of this guidance did not have a material effect on our consolidated financial statements.

Restricted Cash

Restricted Cash	3 Months Ended
	Mar. 31, 2019
Restricted Cash [Abstract]
Restricted Cash	In the third quarter of 2018, we entered into an escrow agreement in connection with one of our transit franchise contracts, which requires us to deposit funds into an escrow account to fund capital expenditures over the term of the transit franchise contract. As of March 31, 2019 , we have $1.4 million of restricted cash deposited in the escrow account. As of (in millions) March 31, 2019 March 31, 2018 December 31, 2018 Cash and cash equivalents $ 52.7 $ 52.5 $ 52.7 Restricted cash 1.4 — 1.4 Cash, cash equivalents and restricted cash $ 54.1 $ 52.5 $ 54.1

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases [Text Block]	Leases Effective January 1, 2019, we adopted the FASB’s guidance addressing the recognition, measurement, presentation and disclosure of leases for both lessees and lessors using the transition method to adopt the new lease standard. See Note 2. New Accounting Standards : Adoption of New Accounting Standards . Lessee We generally lease the underlying sites upon which the physical billboard structures on which we display advertising copy for our customers are located. We also have leases for office and warehouse spaces. All leases are recorded on the Consolidated Statement of Financial Position and we recognize lease expense on a straight-line basis over the lease term. We do not separate lease and non-lease components from contracts. Many of our leases include one or more options to renew, with renewal terms that can extend the lease term for varying lengths of time. These renewal provisions typically require consent of both parties. Many of our leases also contain termination provisions at our option, based on a variety of factors, including termination due to changing economic conditions of the related billboard location. Certain of our lease agreements include rental payments based on a percentage of revenue over contractual levels and others include rental payments adjusted periodically for inflation. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. When available, we use the rate implicit in the lease to discount lease payments to present value; however, most of our leases do not provide a readily determinable implicit rate. Therefore, we must estimate our incremental borrowing rate to discount the lease payments based on information available at lease commencement. We rent or sublease certain real estate to third parties. As of March 31, 2019 , we have operating lease assets of $1.3 billion , short-term operating lease liabilities of $153.8 million and non-current operating lease liabilities of $1.2 billion . For the three months ended March 31, 2019 , we recorded operating lease costs of $94.4 million in Operating expenses and $2.1 million in Selling, general and administrative expenses. These costs include $19.5 million of variable operating lease costs. For the three months ended March 31, 2019 , sublease income was immaterial. As of March 31, 2019 , minimum rental payments under operating leases are as follows: (in millions) Operating Leases 2019 $ 167.9 2020 231.2 2021 214.8 2022 197.4 2023 175.5 2024 and thereafter 854.9 Total operating lease payments 1,841.7 Less: Interest 521.4 Present value of lease liabilities $ 1,320.3 As of December 31, 2018, minimum rental payments under non-cancellable operating leases with original terms in excess of one year are as follows: (in millions) Non-Cancellable Operating Leases 2019 $ 154.8 2020 151.8 2021 139.1 2022 126.2 2023 109.8 2024 and thereafter 574.6 Total minimum payments $ 1,256.3 As of March 31, 2019 , the weighted-average remaining lease term was 10.0 years and the weighted-average discount rate was 6.3% . For the three months ended March 31, 2019 , cash paid for operating leases was $94.2 million and leased assets obtained in exchange for new operating lease liabilities was $147.6 million . Lessor Our agreements with customers to advertise on our billboards are considered operating leases. Substantially all of our advertising structures (see Note 5. Property and Equipment ) are utilized in the sale of advertising to customers, for which the contracts are accounted for as rental income. Billboard display revenues are recognized as rental income on a straight-line basis over the customer lease term. We exclude from rental income all taxes assessed by a governmental authority that we collect from customers. These operating leases are short-term in duration, typically a term of 4 weeks to one year . Our leases do not include any variable lease provisions or options to extend the lease. Certain contracts may include provisions for the early termination of the lease after an agreed upon notice period. We account for non-lease installation services and the lease associated with providing advertising space on our billboards as a combined component under the lease standard. For the three months ended March 31, 2019 , we recorded rental income of $242.0 million in Revenues on our Consolidated Statement of Operations. As of March 31, 2019 , rental payments to be received under non-cancellable operating leases are as follows: (in millions) Rental Income 2019 $ 386.3 2020 39.4 2021 9.7 2022 2.6 2023 1.6 2024 and thereafter 0.9 Total minimum payments $ 440.5

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment The table below presents the balances of major classes of assets and accumulated depreciation. As of (in millions) Estimated Useful Lives March 31, December 31, Land $ 97.2 $ 97.5 Buildings 20 to 40 years 49.4 48.7 Advertising structures 5 to 20 years 1,806.1 1,789.4 Furniture, equipment and other 3 to 10 years 136.8 134.3 Construction in progress 24.6 19.3 2,114.1 2,089.2 Less: accumulated depreciation 1,459.4 1,436.3 Property and equipment, net $ 654.7 $ 652.9 Depreciation expense was $21.1 million in each of the three months ended March 31, 2019

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Intangible Assets Our identifiable intangible assets primarily consist of acquired permits and leasehold agreements, and franchise agreements, which grant us the right to operate out-of-home structures in specified locations and the right to provide advertising space on railroad and municipal transit properties. Identifiable intangible assets are amortized on a straight-line basis over their estimated useful life, which is the respective life of the agreement that in some cases includes historical experience of renewals. Our identifiable intangible assets consist of the following: (in millions) Gross Accumulated Amortization Net As of March 31, 2019: Permits and leasehold agreements $ 1,110.2 $ (706.8 ) $ 403.4 Franchise agreements 477.0 (360.4 ) 116.6 Other intangible assets 47.0 (35.0 ) 12.0 Total intangible assets $ 1,634.2 $ (1,102.2 ) $ 532.0 As of December 31, 2018: Permits and leasehold agreements $ 1,107.4 $ (697.6 ) $ 409.8 Franchise agreements 470.7 (357.1 ) 113.6 Other intangible assets 46.9 (33.1 ) 13.8 Total intangible assets $ 1,625.0 $ (1,087.8 ) $ 537.2 All of our intangible assets, except goodwill, are subject to amortization. Amortization expense was $24.7 million in the three months ended March 31, 2019 , and $22.5 million in the three months ended March 31, 2018 , which includes the amortization of direct lease acquisition costs of $10.3 million in the three months ended March 31, 2019 , and $8.7 million in the three months ended March 31, 2018

Asset Retirement Obligation

Asset Retirement Obligation	3 Months Ended
	Mar. 31, 2019
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation	Asset Retirement Obligation The following table sets forth the change in the asset retirement obligations associated with our advertising structures located on leased properties. The obligation is calculated based on the assumption that all of our advertising structures will be removed within the next 50 years. The estimated annual costs to dismantle and remove the structures upon the termination or non-renewal of our leases are consistent with our historical experience. (in millions) As of December 31, 2018 $ 34.2 Accretion expense 0.6 Additions 0.1 Liabilities settled (0.6 ) Foreign currency translation adjustments 0.1 As of March 31, 2019 $ 34.4

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions We have a 50% ownership interest in two joint ventures that operate transit shelters in the greater Los Angeles area and Vancouver, and four joint ventures which currently operate a total of 11 billboard displays in New York and Boston. All of these joint ventures are accounted for as equity investments. These investments totaled $15.5 million as of March 31, 2019 , and $16.1 million as of December 31, 2018 , and are included in Other assets on the Consolidated Statements of Financial Position. We provided sales and management services to these joint ventures and recorded management fees in Revenues on the Consolidated Statement of Operations of $1.7 million in the three months ended March 31, 2019 and $1.6 million in the three months ended March 31, 2018

Debt

Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Debt	Debt Debt, net, consists of the following: As of (in millions, except percentages) March 31, December 31, Short-term debt: AR Facility $ 80.0 $ 85.0 Repurchase Facility 75.0 75.0 Total short-term debt 155.0 160.0 Long-term debt: Revolving credit facility 35.0 — Term loan, due 2024 668.2 668.1 Senior unsecured notes: 5.250% senior unsecured notes, due 2022 549.7 549.7 5.625% senior unsecured notes, due 2024 502.1 502.2 5.875% senior unsecured notes, due 2025 450.0 450.0 Total senior unsecured notes 1,501.8 1,501.9 Debt issuance costs (19.3 ) (20.4 ) Total long-term debt, net 2,185.7 2,149.6 Total debt, net $ 2,340.7 $ 2,309.6 Weighted average cost of debt 5.1 % 5.1 % Term Loan The interest rate on the term loan due in 2024 (the “Term Loan”) was 4.5% per annum as of March 31, 2019 . As of March 31, 2019 , a discount of $1.8 million on the Term Loan remains unamortized. The discount is being amortized through Interest expense, net , on the Consolidated Statement of Operations. Revolving Credit Facility We also have a $430.0 million revolving credit facility, which matures in 2022 (the “Revolving Credit Facility,” together with the Term Loan, the “Senior Credit Facilities”). As of March 31, 2019 , there were $35.0 million of outstanding borrowings under the Revolving Credit Facility, at a borrowing rate of approximately 4.5% . The commitment fee based on the amount of unused commitments under the Revolving Credit Facility was $0.4 million in the three months ended March 31, 2019 , and $0.3 million in the three months ended March 31, 2018 . As of March 31, 2019 , we had issued letters of credit totaling approximately $66.1 million against the letter of credit facility sublimit under the Revolving Credit Facility. Standalone Letter of Credit Facilities As of March 31, 2019 , we had issued letters of credit totaling approximately $143.0 million under our aggregate $150.0 million standalone letter of credit facilities. The total fees under the letter of credit facilities were immaterial in each of the three months ended March 31, 2019 and 2018 . Accounts Receivable Securitization Facilities We have a $100.0 million revolving accounts receivable securitization facility (the “AR Facility”) which terminates in June 2021, unless extended, and a 364-day uncommitted $75.0 million structured repurchase facility (the “Repurchase Facility” and together with the AR Facility, the “AR Securitization Facilities”). In connection with the AR Securitization Facilities, Outfront Media LLC, a wholly-owned subsidiary of the Company (the “Originator”), will sell and/or contribute its existing and future accounts receivable and certain related assets to Outfront Media Receivables LLC, a special purpose vehicle and wholly-owned subsidiary of the Company (the “SPV”). The SPV will transfer an undivided interest in the accounts receivable assets to certain purchasers from time to time (the “Purchasers”). The SPV is a separate legal entity with its own separate creditors who will be entitled to access the SPV’s assets before the assets become available to the Company. Accordingly, the SPV’s assets are not available to pay creditors of the Company or any of its subsidiaries, although collections from the receivables in excess of amounts required to repay the Purchasers and other creditors of the SPV may be remitted to the Company. In connection with the Repurchase Facility, the Originator may borrow up to $75.0 million , collateralized by a subordinated note (the “Subordinated Note”) issued by the SPV in favor of the Originator and representing a portion of the outstanding balance of the accounts receivable assets sold by the Originator to the SPV under the AR Facility. The Subordinated Note will be transferred to MUFG, as repurchase buyer, on an uncommitted basis, and subject to repurchase by the Originator on termination of the Repurchase Facility. The Originator has granted MUFG a security interest in the Subordinated Note to secure its obligations under the agreements governing the Repurchase Facility, and the Company has agreed to guarantee the Originator’s obligations under the agreements governing the Repurchase Facility. As of March 31, 2019 , there were $80.0 million of outstanding borrowings under the AR Facility, at a borrowing rate of approximately 3.5% , and $75.0 million of outstanding borrowings under the Repurchase Facility, at a borrowing rate of approximately 3.7% . As of March 31, 2019 , borrowing capacity remaining under the AR Facility was approximately $20.0 million based on approximately $192.4 million of accounts receivable used as collateral for the AR Securitization Facilities, and there was no borrowing capacity remaining under the Repurchase Facility, in accordance with the agreements governing the AR Securitization Facilities. The commitment fee based on the amount of unused commitments under the AR Facility was immaterial for each of the three months ended March 31, 2019 and 2018. Senior Unsecured Notes As of March 31, 2019 , a discount of $0.3 million on $150.0 million aggregate principal amount of the 5.250% Senior Unsecured Notes due 2022, remains unamortized. The discount is being amortized through Interest expense, net , on the Consolidated Statement of Operations. As of March 31, 2019 , a premium of $2.1 million on $100.0 million aggregate principal amount of the 5.625% Senior Unsecured Notes due 2024, remains unamortized. The premium is being amortized through Interest expense, net , on the Consolidated Statement of Operations. Debt Covenants Our credit agreement, dated as of January 31, 2014 (as amended, supplemented or otherwise modified, the “Credit Agreement”), governing the Senior Credit Facilities, the agreements governing the AR Securitization Facilities, and the indentures governing our senior unsecured notes contain customary affirmative and negative covenants, subject to certain exceptions, including but not limited to those that limit the Company’s and our subsidiaries’ abilities to (i) pay dividends on, repurchase or make distributions in respect to the Company’s or its wholly-owned subsidiary, Outfront Media Capital LLC’s (“Finance LLC’s”) capital stock or make other restricted payments other than dividends or distributions necessary for us to maintain our REIT status, subject to certain conditions, and (ii) enter into agreements restricting certain subsidiaries’ ability to pay dividends or make other intercompany or third-party transfers. 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 4.0 to 1.0. As of March 31, 2019 , our Consolidated Net Secured Leverage Ratio was 1.5 to 1.0 in accordance with the Credit Agreement. 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. As of March 31, 2019 , our Consolidated Total Leverage Ratio was 4.6 to 1.0 in accordance with the Credit Agreement. As of March 31, 2019 , we are in compliance with our debt covenants. Deferred Financing Costs As of March 31, 2019 , we had deferred $22.8 million in fees and expenses associated with the Term Loan, Revolving Credit Facility, AR Securitization Facilities and our senior unsecured notes. We are amortizing the deferred fees through Interest expense, net, on our Consolidated Statement of Operations over the respective terms of the Term Loan, Revolving Credit Facility, AR Securitization Facilities and our senior unsecured notes. Interest Rate Swap Agreements We have several interest rate cash flow swap agreements to effectively convert a portion of our LIBOR-based variable rate debt to a fixed rate. The fair value of these swap positions was a net liability of approximately $3.2 million as of March 31, 2019 , and $2.4 million as of December 31, 2018, and is included in Other liabilities on our Consolidated Statement of Financial Position. As of March 31, 2019 , under the terms of the agreements, we will pay interest based on an aggregate notional amount of $150.0 million , under a weighted-average fixed interest rate of 3.0% , with a receive rate of one-month LIBOR and maturing on December 29, 2021 . The one-month LIBOR rate was approximately 2.5% as of March 31, 2019 . Fair Value Under the fair value hierarchy, observable inputs such as unadjusted quoted prices in active markets for identical assets or liabilities are defined as Level 1; observable inputs other than quoted prices included within Level 1 that are either directly or indirectly observable for the asset or liability are defined as Level 2; and unobservable inputs for the asset or liability are defined as Level 3. The aggregate fair value of our debt, which is estimated based on quoted market prices of similar liabilities, was approximately $2.4 billion as of March 31, 2019 , and $2.3 billion as of December 31, 2018 . The fair value of our debt as of both March 31, 2019 , and December 31, 2018, is classified as Level 2. The aggregate fair value loss associated with our interest rate cash flow swap agreements was approximately $3.2 million as of March 31, 2019 , and $2.4 million as of December 31, 2018 . The aggregate fair value of our interest rate cash flow swap agreements as of both March 31, 2019 and December 31, 2018

Equity

Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Equity	Equity As of March 31, 2019 , 450,000,000 shares of our common stock, par value $0.01 per share, were authorized; 141,634,024 shares were issued and outstanding; and 50,000,000 shares of our preferred stock, par value $0.01 per share, were authorized with no shares issued and outstanding. In June 2017, certain subsidiaries of OUTFRONT Media Inc. acquired the equity interests of certain subsidiaries of All Vision LLC (“All Vision”), which hold substantially all of All Vision’s outdoor advertising assets in Canada, and effectuated an amalgamation of All Vision’s Canadian business with our Canadian business (the “Transaction”). In connection with the Transaction, the Company issued 1,953,407 shares of Class A equity interests of a subsidiary of the Company that controls its Canadian business (“Outfront Canada”). The Class A equity interests are entitled to receive priority cash distributions from Outfront Canada at the same time and in the same per share amount as the dividends paid on shares of the Company’s common stock. The Class A equity interests may be redeemed by the holders in exchange for shares of the Company’s common stock on a one-for-one basis (subject to anti-dilution adjustments) or, at the Company’s option, cash equal to the then fair market value of the shares of the Company’s common stock. In connection with the Transaction, the Company has agreed to limitations on its ability to sell or otherwise dispose of the assets acquired from All Vision for a period of five years , unless it pays holders of the Class A equity interests in Outfront Canada an amount intended to approximate their resulting tax liability. During the three months ended March 31, 2019 , we made distributions of $0.6 million to holders of the Class A equity interests, which are recorded in Dividends on our Consolidated Statements of Equity and Consolidated Statements of Cash Flows. As of March 31, 2019 , 330,151 Class A equity interests have been redeemed for shares of the Company’s common stock. In the three months ended March 31, 2019 , we issued 5,512 shares of our common stock under the OUTFRONT Media Inc. Amended and Restated Omnibus Stock Incentive Plan, valued at $0.1 million , to a consultant for services rendered. We have a sales agreement in connection with an “at-the-market” equity offering program (the “ATM Program”), under which we may, from time to time, issue and sell shares of our common stock up to an aggregate offering price of $300.0 million . We have no obligation to sell any of our common stock under the sales agreement and may at any time suspend solicitations and offers under the sales agreement. During the three months ended March 31, 2019 , 750,000 shares of our common stock were sold under the ATM Program for gross proceeds of $17.0 million with commissions of $0.3 million , for total net proceeds of $16.7 million . As of March 31, 2019 , we had approximately $267.5 million of capacity remaining under the ATM Program. On April 26, 2019 , we announced that our board of directors approved a quarterly cash dividend of $0.36 per share on our common stock, payable on June 28, 2019 , to stockholders of record at the close of business on June 7, 2019

Revenues

Revenues	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenues	Revenues The following table summarizes revenues by source: Three Months Ended March 31, (in millions) 2019 2018 Billboard: Static displays $ 194.3 $ 189.5 Digital displays 47.0 41.9 Other 9.7 7.9 Billboard revenues 251.0 239.3 Transit: Static displays 79.0 67.8 Digital displays 16.6 10.7 Other 8.8 7.3 Total transit revenues 104.4 85.8 Sports marketing and other 16.3 12.8 Transit and other revenues 120.7 98.6 Total revenues $ 371.7 $ 337.9 Rental income was $242.0 million in the three months ended March 31, 2019 , and $231.9 million in the three months ended March 31, 2018 , and is recorded in Billboard revenues on the Consolidated Statement of Operations. The following table summarizes revenues by geography: Three Months Ended March 31, (in millions) 2019 2018 United States: Billboard $ 236.2 $ 226.3 Transit and other 102.2 83.6 Sports marketing and other 16.3 12.8 Total United States revenues 354.7 322.7 Canada 17.0 15.2 Total revenues $ 371.7 $ 337.9 We recognized substantially all of the Deferred revenues on the Consolidated Statement of Financial Position as of December 31, 2018

Restructuring Charges

Restructuring Charges	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring charges	Restructuring Charges For the three months ended March 31, 2019 , we recorded restructuring charges of $0.3 million associated with the elimination of a corporate management position. For the three months ended March 31, 2018 , we recorded restructuring charges of $1.1 million , of which $0.6 million was recorded in Other for severance charges primarily associated with the reorganization of our Sports Marketing operating segment and $0.5 million was recorded in our U.S. Media segment for severance charges associated with the reorganization of various departments. As of March 31, 2019 , $1.2 million in restructuring reserves remain outstanding and is included in Other current liabilities

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Acquisitions	Acquisitions We completed several asset acquisitions for a total purchase price of approximately $2.5 million in the three months ended March 31, 2019 , and $4.1 million in the three months ended March 31, 2018 . In the first quarter of 2019, we entered into an agreement to acquire four digital billboard displays in Atlanta, Georgia, for an aggregate purchase price of $24.0 million . In connection with the execution of the agreement, we paid a deposit of $5.0 million to an escrow agent, which is included in Other assets on our Consolidated Statement of Financial Position. The transaction is expected to close in 2019, subject to customary closing conditions. In the second quarter of 2018, we entered into an agreement to acquire 14 digital and 7 static billboard displays in California for a total estimated purchase price of $35.4 million

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation The following table summarizes our stock-based compensation expense for the three months ended March 31, 2019 and 2018 . Three Months Ended March 31, (in millions) 2019 2018 Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes $ 5.3 $ 5.0 Tax benefit (0.3 ) (0.3 ) Stock-based compensation expense, net of tax $ 5.0 $ 4.7 As of March 31, 2019 , total unrecognized compensation cost related to non-vested RSUs and PRSUs was $39.8 million , which is expected to be recognized over a weighted average period of 2.4 years . RSUs and PRSUs The following table summarizes activity for the three months ended March 31, 2019 , of RSUs and PRSUs issued to our employees. Activity Weighted Average Per Share Grant Date Fair Market Value Non-vested as of December 31, 2018 1,723,980 $ 22.39 Granted: RSUs 797,745 21.41 PRSUs 376,418 21.41 Vested: RSUs (542,935 ) 22.14 PRSUs (246,542 ) 21.99 Forfeitures: RSUs (18,215 ) 22.45 PRSUs (5,250 ) 22.17 Non-vested as of March 31, 2019 2,085,201 21.95 Stock Options The following table summarizes activity for the three months ended March 31, 2019 , of stock options issued to our employees. Activity Weighted Average Exercise Price Outstanding as of December 31, 2018 141,847 $ 23.08 Exercised (15,319 ) 10.78 Outstanding as of March 31, 2019 126,528 24.57 Exercisable as of March 31, 2019 126,528 24.57

Retirement Benefits

Retirement Benefits	3 Months Ended
	Mar. 31, 2019
Retirement Benefits [Abstract]
Retirement Benefits	Retirement Benefits The following table presents the components of net periodic pension cost and amounts recognized in other comprehensive income (loss) for our pension plans: Three Months Ended March 31, (in millions) 2019 2018 Components of net periodic pension cost: Service cost $ 0.5 $ 0.4 Interest cost 0.5 0.5 Expected return on plan assets (0.7 ) (0.6 ) Amortization of net actuarial losses (a) 0.2 0.1 Net periodic pension cost $ 0.5 $ 0.4 (a) Reflects amounts reclassified from accumulated other comprehensive income to net income. In the three months ended March 31, 2019 , we contributed $0.1 million to our pension plans. In 2019 , we expect to contribute approximately $1.6 million

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We are organized in conformity with the requirements for qualification and taxation as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”) and, accordingly, we have not provided for U.S. federal income tax on our REIT taxable income that we distribute to our stockholders. We have elected to treat our subsidiaries that participate in certain non-REIT qualifying activities, and our foreign subsidiaries, as taxable REIT subsidiaries (“TRSs”). As such, we have provided for their federal, state and foreign income taxes. Tax years 2015 to present are open for examination by the tax authorities. We are currently under examination by the Internal Revenue Service for the 2016 tax year and by New York State for the 2014 tax year. Our effective income tax rate represents a combined annual effective tax rate for federal, state, local and foreign taxes applied to interim operating results. In the three months ended March 31, 2019

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share (EPS)	Earnings Per Share (“EPS”) Three Months Ended March 31, (in millions) 2019 2018 Net income available for common stockholders, diluted $ 6.1 $ 9.1 Less: Distributions to holders of Class A equity interests of a subsidiary 0.6 0.7 Net income available for common stockholders, basic $ 5.5 $ 8.4 Weighted average shares for basic EPS 140.7 138.8 Dilutive potential shares from grants of RSUs, PRSUs and stock options (a) 0.4 0.3 Weighted average shares for diluted EPS 141.1 139.1 (a) The potential impact of an aggregate 0.1 million granted RSUs, PRSUs and stock options in the three months ended March 31, 2019 , and 0.8 million in the three months ended March 31, 2018 , were antidilutive. (b) The potential impact of 1.7 million shares of Class A equity interests of Outfront Canada in the three months ended March 31, 2019 , and 2.0 million in the three months ended March 31, 2018 , was antidilutive. (See Note 10. Equity

Commitment and Contingencies

Commitment and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Off-Balance Sheet Arrangements Our off-balance sheet commitments primarily consist of guaranteed minimum annual payments. These arrangements result from our normal course of business and represent obligations that are payable over several years. Contractual Obligations We have agreements with municipalities and transit operators which entitle us to operate advertising displays within their transit systems, including on the interior and exterior of rail and subway cars and buses, as well as on benches, transit shelters, street kiosks, and transit platforms. Under most of these franchise agreements, the franchisor is entitled to receive the greater of a percentage of the relevant revenues, net of agency fees, or a specified guaranteed minimum annual payment. We also have marketing and multimedia rights agreements with colleges, universities and other educational institutions, which entitle us to operate on-campus advertising displays, as well as manage marketing opportunities, media rights and experiential entertainment at sports events. Under most of these agreements, the school is entitled to receive the greater of a percentage of the relevant revenue, net of agency commissions, or a specified guaranteed minimum annual payment. Under the New York Metropolitan Transportation Authority (“the “MTA”) agreement, we are obligated to deploy, over a number of years, (i) 8,565 digital advertising screens on subway and train platforms and entrances, (ii) 37,716 smaller-format digital advertising screens on rolling stock, and (iii) 7,829 MTA communications displays. In addition, we are obligated to pay to the MTA the greater of a percentage of revenues or a guaranteed minimum annual payment. Incremental revenues that exceed an annual base revenue amount will be retained by us for the cost of deploying advertising and communications displays throughout the transit system. As presented in the table below, MTA equipment deployment costs are being recorded as Prepaid MTA equipment deployment costs and Intangible assets on our Consolidated Statement of Financial Position, and as these costs are recouped from incremental revenues that the MTA would otherwise be entitled to receive, Prepaid MTA equipment deployment costs will be reduced. If incremental revenues generated over the term of the agreement are not sufficient to cover all or a portion of the equipment deployment costs, the costs will not be recouped, which could have an adverse effect on our business, financial condition and results of operation. As of March 31, 2019 , 1,964 digital displays had been installed, of which 735 installations occurred in the three months ended March 31, 2019 . For the full year of 2019, we expect our MTA equipment deployment costs to be approximately $175.0 million . (in millions) Beginning Balance Deployment Costs Incurred Recoupment Amortization Ending Balance Three months ended March 31, 2019: Prepaid MTA equipment deployment costs $ 79.5 $ 27.1 $ (4.4 ) $ — $ 102.2 Intangible assets (franchise agreements) 14.8 5.8 — (0.5 ) 20.1 Total $ 94.3 $ 32.9 $ (4.4 ) $ (0.5 ) $ 122.3 Year ended December 31, 2018: Prepaid MTA equipment deployment costs $ 4.7 $ 76.5 $ (1.7 ) $ — $ 79.5 Intangible assets (franchise agreements) 0.9 14.7 — (0.8 ) 14.8 Total $ 5.6 $ 91.2 $ (1.7 ) $ (0.8 ) $ 94.3 Letters of Credit We have indemnification obligations with respect to letters of credit and surety bonds primarily used as security against non-performance in the normal course of business. As of March 31, 2019 , the outstanding letters of credit were approximately $209.1 million and outstanding surety bonds were approximately $26.6 million , and were not recorded on the Consolidated Statements of Financial Position. Legal Matters

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment Information	Segment Information We manage our operations through three operating segments—(1) U.S. Billboard and Transit, which is included in our U.S. Media reportable segment, (2) International and (3) Sports Marketing. International and Sports Marketing do not meet the criteria to be a reportable segment and accordingly, are both included in Other . The following tables set forth our financial performance by segment. Three Months Ended March 31, (in millions) 2019 2018 Revenues: U.S. Media $ 338.4 $ 309.9 Other 33.3 28.0 Total revenues $ 371.7 $ 337.9 We present Operating income before Depreciation , Amortization , Net gain (loss) on dispositions, Stock-based compensation and Restructuring charges (“Adjusted OIBDA”) as the primary measure of profit and loss for our operating segments. Three Months Ended March 31, (in millions) 2019 2018 Net income $ 6.1 $ 9.1 Benefit for income taxes (1.0 ) (6.7 ) Equity in earnings of investee companies, net of tax (0.8 ) (0.8 ) Interest expense, net 32.7 30.0 Other (income) expense, net (0.1 ) 0.1 Operating income 36.9 31.7 Restructuring charges 0.3 1.1 Net gain on dispositions (1.5 ) (0.2 ) Depreciation and amortization 45.8 43.6 Stock-based compensation 5.3 5.0 Total Adjusted OIBDA $ 86.8 $ 81.2 Adjusted OIBDA: U.S. Media $ 94.6 $ 88.9 Other 1.2 (0.8 ) Corporate (9.0 ) (6.9 ) Total Adjusted OIBDA $ 86.8 $ 81.2 Three Months Ended March 31, (in millions) 2019 2018 Operating income (loss): U.S. Media $ 55.5 $ 50.6 Other (4.0 ) (7.0 ) Corporate (14.6 ) (11.9 ) Total operating income $ 36.9 $ 31.7 Net gain on dispositions: U.S. Media $ (1.5 ) $ (0.2 ) Total gain on dispositions $ (1.5 ) $ (0.2 ) Depreciation and amortization: U.S. Media $ 40.6 $ 38.0 Other 5.2 5.6 Total depreciation and amortization $ 45.8 $ 43.6 Capital expenditures: U.S. Media $ 17.3 $ 14.4 Other 0.8 2.4 Total capital expenditures $ 18.1 $ 16.8 As of (in millions) March 31, 2019 December 31, 2018 Assets: U.S. Media $ 4,775.2 $ 3,610.0 Other 282.6 202.5 Corporate 19.2 16.2 Total assets $ 5,077.0 $ 3,828.7

Condensed Consolidating Financi

Condensed Consolidating Financial Information	3 Months Ended
	Mar. 31, 2019
Condensed Consolidating Financial Information [Abstract]
Condensed Consolidating Financial Information	Condensed Consolidating Financial Information We and our material existing and future direct and indirect 100% owned domestic subsidiaries (except Finance LLC and Outfront Media Capital Corporation, the borrowers under the Term Loan and the Revolving Credit Facility) guarantee the obligations under the Term Loan and the Revolving Credit Facility. Our senior unsecured notes are fully and unconditionally, and jointly and severally guaranteed on a senior unsecured basis by us and each of our direct and indirect wholly-owned domestic subsidiaries that guarantees the Term Loan and the Revolving Credit Facility (see Note 8. Debt to the Consolidated Financial Statements). The following condensed consolidating schedules present financial information on a combined basis in conformity with the SEC’s Regulation S-X, Rule 3-10 for: (i) OUTFRONT Media Inc. (the “Parent Company”); (ii) Finance LLC (the “Subsidiary Issuer”); (iii) the guarantor subsidiaries; (iv) the non-guarantor subsidiaries, including the SPV; (v) elimination entries necessary to consolidate the Parent Company and the Subsidiary Issuer, the guarantor subsidiaries and non-guarantor subsidiaries; and (vi) the Parent Company on a consolidated basis. Outfront Media Capital Corporation is a co-issuer finance subsidiary with no assets or liabilities, and therefore has not been included in the tables below. As of March 31, 2019 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Current assets: Cash and cash equivalents $ — $ 11.4 $ — $ 41.3 $ — $ 52.7 Receivables, less allowance — — 46.3 205.4 (22.6 ) 229.1 Other current assets — 1.3 137.0 105.8 (174.2 ) 69.9 Total current assets — 12.7 183.3 352.5 (196.8 ) 351.7 Property and equipment, net — — 606.0 48.7 — 654.7 Goodwill — — 2,059.9 20.8 — 2,080.7 Intangible assets — — 473.7 58.3 — 532.0 Operating lease assets — — 1,233.2 94.6 — 1,327.8 Investment in subsidiaries 1,051.3 3,250.6 268.2 — (4,570.1 ) — Prepaid MTA equipment deployment costs — — 71.1 — — 71.1 Other assets — 2.0 53.7 3.3 — 59.0 Intercompany — — 81.0 97.9 (178.9 ) — Total assets $ 1,051.3 $ 3,265.3 $ 5,030.1 $ 676.1 $ (4,945.8 ) $ 5,077.0 Total current liabilities $ — $ 25.1 $ 527.2 $ 183.0 $ (196.8 ) $ 538.5 Long-term debt, net — 2,185.7 — — — 2,185.7 Deferred income tax liabilities, net — — — 17.5 — 17.5 Operating lease liability — — 1,087.0 79.5 — 1,166.5 Asset retirement obligation — — 30.1 4.3 — 34.4 Deficit in excess of investment of subsidiaries — — 2,199.3 — (2,199.3 ) — Other liabilities — 3.2 37.3 2.0 — 42.5 Intercompany — — 97.9 81.0 (178.9 ) — Total liabilities — 2,214.0 3,978.8 367.3 (2,575.0 ) 3,985.1 Total stockholders’ equity 1,051.3 1,051.3 1,051.3 268.2 (2,370.8 ) 1,051.3 Non-controlling interests — — — 40.6 — 40.6 Total equity 1,051.3 1,051.3 1,051.3 308.8 (2,370.8 ) 1,091.9 Total liabilities and equity $ 1,051.3 $ 3,265.3 $ 5,030.1 $ 676.1 $ (4,945.8 ) $ 5,077.0 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 allowance — — 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 equity $ 1,102.8 $ 3,272.8 $ 3,838.5 $ 585.3 $ (4,970.7 ) $ 3,828.7 Three Months Ended March 31, 2019 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenues: Billboard $ — $ — $ 236.0 $ 15.0 $ — $ 251.0 Transit and other — — 118.4 2.3 — 120.7 Total revenues — — 354.4 17.3 — 371.7 Expenses: Operating — — 204.9 12.0 — 216.9 Selling, general and administrative 0.4 0.1 69.9 2.9 — 73.3 Restructuring charges — — 0.3 — — 0.3 Net gain on dispositions — — (1.5 ) — — (1.5 ) Depreciation — — 18.4 2.7 — 21.1 Amortization — — 22.6 2.1 — 24.7 Total expenses 0.4 0.1 314.6 19.7 — 334.8 Operating income (loss) (0.4 ) (0.1 ) 39.8 (2.4 ) — 36.9 Interest expense, net — (30.3 ) (1.0 ) (1.4 ) — (32.7 ) Other income, net — — — 0.1 — 0.1 Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies (0.4 ) (30.4 ) 38.8 (3.7 ) — 4.3 Benefit (provision) for income taxes — — (0.2 ) 1.2 — 1.0 Equity in earnings of investee companies, net of tax 6.5 36.9 (32.1 ) 0.2 (10.7 ) 0.8 Net income (loss) $ 6.1 $ 6.5 $ 6.5 $ (2.3 ) $ (10.7 ) $ 6.1 Net income (loss) $ 6.1 $ 6.5 $ 6.5 $ (2.3 ) $ (10.7 ) $ 6.1 Total other comprehensive income, net of tax 1.8 1.8 1.8 2.6 (6.2 ) 1.8 Total comprehensive income $ 7.9 $ 8.3 $ 8.3 $ 0.3 $ (16.9 ) $ 7.9 Three Months Ended March 31, 2018 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenues: Billboard $ — $ — $ 226.2 $ 13.1 $ — $ 239.3 Transit and other — — 96.4 2.2 — 98.6 Total revenues — — 322.6 15.3 — 337.9 Expenses: Operating — — 184.2 12.9 — 197.1 Selling, general and administrative 0.4 0.1 62.9 1.2 — 64.6 Restructuring charges — — 1.1 — — 1.1 Net gain on dispositions — — (0.2 ) — — (0.2 ) Depreciation — — 17.7 3.4 — 21.1 Amortization — — 20.7 1.8 — 22.5 Total expenses 0.4 0.1 286.4 19.3 — 306.2 Operating income (loss) (0.4 ) (0.1 ) 36.2 (4.0 ) — 31.7 Interest expense, net — (28.6 ) (0.9 ) (0.5 ) — (30.0 ) Other expense, net — — — (0.1 ) — (0.1 ) Income (loss) before benefit for income taxes and equity in earnings of investee companies (0.4 ) (28.7 ) 35.3 (4.6 ) — 1.6 Benefit for income taxes — — 1.3 5.4 — 6.7 Equity in earnings of investee companies, net of tax 9.5 38.2 (27.1 ) 0.1 (19.9 ) 0.8 Net income $ 9.1 $ 9.5 $ 9.5 $ 0.9 $ (19.9 ) $ 9.1 Net income $ 9.1 $ 9.5 $ 9.5 $ 0.9 $ (19.9 ) $ 9.1 Total other comprehensive loss, net of tax (5.1 ) (5.1 ) (5.1 ) (5.1 ) 15.3 (5.1 ) Total comprehensive income (loss) $ 4.0 $ 4.4 $ 4.4 $ (4.2 ) $ (4.6 ) $ 4.0 Three Months Ended March 31, 2019 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash flow provided by (used for) operating activities $ (0.4 ) $ (21.8 ) $ 62.4 $ 1.2 $ — $ 41.4 Investing activities: Capital expenditures — — (15.5 ) (2.6 ) — (18.1 ) Acquisitions — — (7.5 ) — — (7.5 ) MTA franchise rights — — (5.4 ) — — (5.4 ) Net proceeds from dispositions — — 2.2 — — 2.2 Return of investment in investee companies — — 0.1 — — 0.1 Net cash flow used for investing activities — — (26.1 ) (2.6 ) — (28.7 ) Financing activities: Proceeds from long-term debt borrowings — 35.0 — — — 35.0 Proceeds from borrowings under short-term debt facilities — — — 15.0 — 15.0 Repayments of borrowings under short-term debt facilities — — — (20.0 ) — (20.0 ) Proceeds from shares issued under the ATM Program 16.6 — — — — 16.6 Taxes withheld for stock-based compensation — — (7.6 ) — — (7.6 ) Dividends (51.2 ) — — (0.6 ) — (51.8 ) Intercompany 35.0 (13.8 ) (28.7 ) 7.5 — — Net cash flow provided by (used for) financing activities 0.4 21.2 (36.3 ) 1.9 — (12.8 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash — — — 0.1 — 0.1 Net increase (decrease) in cash, cash equivalents and restricted cash — (0.6 ) — 0.6 — — 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 $ — $ 11.4 $ 1.4 $ 41.3 $ — $ 54.1 Three Months Ended March 31, 2018 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash flow provided by (used for) operating activities $ (0.4 ) $ (19.5 ) $ 81.8 $ 0.2 $ — $ 62.1 Investing activities: Capital expenditures — — (14.5 ) (2.3 ) — (16.8 ) Acquisitions — — (4.1 ) — — (4.1 ) MTA franchise rights — — (1.4 ) — — (1.4 ) Net proceeds from dispositions — — 0.2 — — 0.2 Net cash flow used for investing activities — — (19.8 ) (2.3 ) — (22.1 ) Financing activities: Proceeds from long-term debt borrowings — 10.0 — — — 10.0 Proceeds from borrowings under short-term debt facilities — — — 57.0 — 57.0 Repayments of borrowings under short-term debt facilities — — — (45.0 ) — (45.0 ) Taxes withheld for stock-based compensation — — (6.5 ) — — (6.5 ) Dividends (50.4 ) — — (0.7 ) — (51.1 ) Intercompany 50.8 17.8 (57.2 ) (11.4 ) — — Net cash flow provided by (used for) financing activities 0.4 27.8 (63.7 ) (0.1 ) — (35.6 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash — — — (0.2 ) — (0.2 ) Net increase (decrease) in cash, cash equivalents and restricted cash — 8.3 (1.7 ) (2.4 ) — 4.2 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 $ — $ 18.5 $ 2.0 $ 32.0 $ — $ 52.5

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of Estimates	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.

New Accounting Standards (Polic

New Accounting Standards (Policies)	3 Months Ended
	Mar. 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Standards	We elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed us to carry forward our historical lease classification. We also elected the practical expedient related to land easements, which allowed us to carry forward our accounting treatment for land easements on existing leases. In addition we elected the hindsight practical expedient which resulted in increasing the length of our lease term for existing leases with cancellation provisions.

Leases (Policies)

Leases (Policies)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lessee, Leases [Policy Text Block]	We generally lease the underlying sites upon which the physical billboard structures on which we display advertising copy for our customers are located. We also have leases for office and warehouse spaces. All leases are recorded on the Consolidated Statement of Financial Position and we recognize lease expense on a straight-line basis over the lease term. We do not separate lease and non-lease components from contracts. Many of our leases include one or more options to renew, with renewal terms that can extend the lease term for varying lengths of time. These renewal provisions typically require consent of both parties. Many of our leases also contain termination provisions at our option, based on a variety of factors, including termination due to changing economic conditions of the related billboard location. Certain of our lease agreements include rental payments based on a percentage of revenue over contractual levels and others include rental payments adjusted periodically for inflation. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. When available, we use the rate implicit in the lease to discount lease payments to present value; however, most of our leases do not provide a readily determinable implicit rate. Therefore, we must estimate our incremental borrowing rate to discount the lease payments based on information available at lease commencement.
Lessor, Leases [Policy Text Block]	Our agreements with customers to advertise on our billboards are considered operating leases. Substantially all of our advertising structures (see Note 5. Property and Equipment ) are utilized in the sale of advertising to customers, for which the contracts are accounted for as rental income. Billboard display revenues are recognized as rental income on a straight-line basis over the customer lease term. We exclude from rental income all taxes assessed by a governmental authority that we collect from customers. These operating leases are short-term in duration, typically a term of 4 weeks to one year . Our leases do not include any variable lease provisions or options to extend the lease. Certain contracts may include provisions for the early termination of the lease after an agreed upon notice period. We account for non-lease installation services and the lease associated with providing advertising space on our billboards as a combined component under the lease standard.

Restricted Cash (Tables)

Restricted Cash (Tables)	3 Months Ended
	Mar. 31, 2019
Restricted Cash [Abstract]
Restricted Cash	As of (in millions) March 31, 2019 March 31, 2018 December 31, 2018 Cash and cash equivalents $ 52.7 $ 52.5 $ 52.7 Restricted cash 1.4 — 1.4 Cash, cash equivalents and restricted cash $ 54.1 $ 52.5 $ 54.1

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Minimum rental payments under operating leases	As of March 31, 2019 , minimum rental payments under operating leases are as follows: (in millions) Operating Leases 2019 $ 167.9 2020 231.2 2021 214.8 2022 197.4 2023 175.5 2024 and thereafter 854.9 Total operating lease payments 1,841.7 Less: Interest 521.4 Present value of lease liabilities $ 1,320.3
Minimum rental payments under non-cancellable operating leases with original terms in excess of one year	As of December 31, 2018, minimum rental payments under non-cancellable operating leases with original terms in excess of one year are as follows: (in millions) Non-Cancellable Operating Leases 2019 $ 154.8 2020 151.8 2021 139.1 2022 126.2 2023 109.8 2024 and thereafter 574.6 Total minimum payments $ 1,256.3
Minimum rental payments to be received	As of March 31, 2019 , rental payments to be received under non-cancellable operating leases are as follows: (in millions) Rental Income 2019 $ 386.3 2020 39.4 2021 9.7 2022 2.6 2023 1.6 2024 and thereafter 0.9 Total minimum payments $ 440.5

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	The table below presents the balances of major classes of assets and accumulated depreciation. As of (in millions) Estimated Useful Lives March 31, December 31, Land $ 97.2 $ 97.5 Buildings 20 to 40 years 49.4 48.7 Advertising structures 5 to 20 years 1,806.1 1,789.4 Furniture, equipment and other 3 to 10 years 136.8 134.3 Construction in progress 24.6 19.3 2,114.1 2,089.2 Less: accumulated depreciation 1,459.4 1,436.3 Property and equipment, net $ 654.7 $ 652.9

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	Our identifiable intangible assets consist of the following: (in millions) Gross Accumulated Amortization Net As of March 31, 2019: Permits and leasehold agreements $ 1,110.2 $ (706.8 ) $ 403.4 Franchise agreements 477.0 (360.4 ) 116.6 Other intangible assets 47.0 (35.0 ) 12.0 Total intangible assets $ 1,634.2 $ (1,102.2 ) $ 532.0 As of December 31, 2018: Permits and leasehold agreements $ 1,107.4 $ (697.6 ) $ 409.8 Franchise agreements 470.7 (357.1 ) 113.6 Other intangible assets 46.9 (33.1 ) 13.8 Total intangible assets $ 1,625.0 $ (1,087.8 ) $ 537.2

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	3 Months Ended
	Mar. 31, 2019
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Change in Asset Retirement Obligation	The following table sets forth the change in the asset retirement obligations associated with our advertising structures located on leased properties. The obligation is calculated based on the assumption that all of our advertising structures will be removed within the next 50 years. The estimated annual costs to dismantle and remove the structures upon the termination or non-renewal of our leases are consistent with our historical experience. (in millions) As of December 31, 2018 $ 34.2 Accretion expense 0.6 Additions 0.1 Liabilities settled (0.6 ) Foreign currency translation adjustments 0.1 As of March 31, 2019 $ 34.4

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Debt, net, consists of the following: As of (in millions, except percentages) March 31, December 31, Short-term debt: AR Facility $ 80.0 $ 85.0 Repurchase Facility 75.0 75.0 Total short-term debt 155.0 160.0 Long-term debt: Revolving credit facility 35.0 — Term loan, due 2024 668.2 668.1 Senior unsecured notes: 5.250% senior unsecured notes, due 2022 549.7 549.7 5.625% senior unsecured notes, due 2024 502.1 502.2 5.875% senior unsecured notes, due 2025 450.0 450.0 Total senior unsecured notes 1,501.8 1,501.9 Debt issuance costs (19.3 ) (20.4 ) Total long-term debt, net 2,185.7 2,149.6 Total debt, net $ 2,340.7 $ 2,309.6 Weighted average cost of debt 5.1 % 5.1 %

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table summarizes revenues by source: Three Months Ended March 31, (in millions) 2019 2018 Billboard: Static displays $ 194.3 $ 189.5 Digital displays 47.0 41.9 Other 9.7 7.9 Billboard revenues 251.0 239.3 Transit: Static displays 79.0 67.8 Digital displays 16.6 10.7 Other 8.8 7.3 Total transit revenues 104.4 85.8 Sports marketing and other 16.3 12.8 Transit and other revenues 120.7 98.6 Total revenues $ 371.7 $ 337.9
Revenue from External Customers by Geographic Areas	The following table summarizes revenues by geography: Three Months Ended March 31, (in millions) 2019 2018 United States: Billboard $ 236.2 $ 226.3 Transit and other 102.2 83.6 Sports marketing and other 16.3 12.8 Total United States revenues 354.7 322.7 Canada 17.0 15.2 Total revenues $ 371.7 $ 337.9

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation expense	The following table summarizes our stock-based compensation expense for the three months ended March 31, 2019 and 2018 . Three Months Ended March 31, (in millions) 2019 2018 Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes $ 5.3 $ 5.0 Tax benefit (0.3 ) (0.3 ) Stock-based compensation expense, net of tax $ 5.0 $ 4.7
Activity of RSUs and PRSUs Issued to Our Employees	The following table summarizes activity for the three months ended March 31, 2019 , of RSUs and PRSUs issued to our employees. Activity Weighted Average Per Share Grant Date Fair Market Value Non-vested as of December 31, 2018 1,723,980 $ 22.39 Granted: RSUs 797,745 21.41 PRSUs 376,418 21.41 Vested: RSUs (542,935 ) 22.14 PRSUs (246,542 ) 21.99 Forfeitures: RSUs (18,215 ) 22.45 PRSUs (5,250 ) 22.17 Non-vested as of March 31, 2019 2,085,201 21.95
Activity of Stock Options Issued to Our Employees	The following table summarizes activity for the three months ended March 31, 2019 , of stock options issued to our employees. Activity Weighted Average Exercise Price Outstanding as of December 31, 2018 141,847 $ 23.08 Exercised (15,319 ) 10.78 Outstanding as of March 31, 2019 126,528 24.57 Exercisable as of March 31, 2019 126,528 24.57

Retirement Benefits (Tables)

Retirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2019
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The following table presents the components of net periodic pension cost and amounts recognized in other comprehensive income (loss) for our pension plans: Three Months Ended March 31, (in millions) 2019 2018 Components of net periodic pension cost: Service cost $ 0.5 $ 0.4 Interest cost 0.5 0.5 Expected return on plan assets (0.7 ) (0.6 ) Amortization of net actuarial losses (a) 0.2 0.1 Net periodic pension cost $ 0.5 $ 0.4 (a)

Earnings Per Share ("EPS") (Tab

Earnings Per Share ("EPS") (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended March 31, (in millions) 2019 2018 Net income available for common stockholders, diluted $ 6.1 $ 9.1 Less: Distributions to holders of Class A equity interests of a subsidiary 0.6 0.7 Net income available for common stockholders, basic $ 5.5 $ 8.4 Weighted average shares for basic EPS 140.7 138.8 Dilutive potential shares from grants of RSUs, PRSUs and stock options (a) 0.4 0.3 Weighted average shares for diluted EPS 141.1 139.1 (a) The potential impact of an aggregate 0.1 million granted RSUs, PRSUs and stock options in the three months ended March 31, 2019 , and 0.8 million in the three months ended March 31, 2018 , were antidilutive. (b) The potential impact of 1.7 million shares of Class A equity interests of Outfront Canada in the three months ended March 31, 2019 , and 2.0 million in the three months ended March 31, 2018 , was antidilutive. (See Note 10. Equity

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
MTA agreement schedule	(in millions) Beginning Balance Deployment Costs Incurred Recoupment Amortization Ending Balance Three months ended March 31, 2019: Prepaid MTA equipment deployment costs $ 79.5 $ 27.1 $ (4.4 ) $ — $ 102.2 Intangible assets (franchise agreements) 14.8 5.8 — (0.5 ) 20.1 Total $ 94.3 $ 32.9 $ (4.4 ) $ (0.5 ) $ 122.3 Year ended December 31, 2018: Prepaid MTA equipment deployment costs $ 4.7 $ 76.5 $ (1.7 ) $ — $ 79.5 Intangible assets (franchise agreements) 0.9 14.7 — (0.8 ) 14.8 Total $ 5.6 $ 91.2 $ (1.7 ) $ (0.8 ) $ 94.3

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	The following tables set forth our financial performance by segment. Three Months Ended March 31, (in millions) 2019 2018 Revenues: U.S. Media $ 338.4 $ 309.9 Other 33.3 28.0 Total revenues $ 371.7 $ 337.9
Adjusted OIBDA by Segment and Reconciliation to Consolidated Net Income	Three Months Ended March 31, (in millions) 2019 2018 Net income $ 6.1 $ 9.1 Benefit for income taxes (1.0 ) (6.7 ) Equity in earnings of investee companies, net of tax (0.8 ) (0.8 ) Interest expense, net 32.7 30.0 Other (income) expense, net (0.1 ) 0.1 Operating income 36.9 31.7 Restructuring charges 0.3 1.1 Net gain on dispositions (1.5 ) (0.2 ) Depreciation and amortization 45.8 43.6 Stock-based compensation 5.3 5.0 Total Adjusted OIBDA $ 86.8 $ 81.2 Adjusted OIBDA: U.S. Media $ 94.6 $ 88.9 Other 1.2 (0.8 ) Corporate (9.0 ) (6.9 ) Total Adjusted OIBDA $ 86.8 $ 81.2
Tabular Disclosure by Reportable Segments	Three Months Ended March 31, (in millions) 2019 2018 Operating income (loss): U.S. Media $ 55.5 $ 50.6 Other (4.0 ) (7.0 ) Corporate (14.6 ) (11.9 ) Total operating income $ 36.9 $ 31.7 Net gain on dispositions: U.S. Media $ (1.5 ) $ (0.2 ) Total gain on dispositions $ (1.5 ) $ (0.2 ) Depreciation and amortization: U.S. Media $ 40.6 $ 38.0 Other 5.2 5.6 Total depreciation and amortization $ 45.8 $ 43.6 Capital expenditures: U.S. Media $ 17.3 $ 14.4 Other 0.8 2.4 Total capital expenditures $ 18.1 $ 16.8
Reconciliation of Assets from Segment to Consolidated	As of (in millions) March 31, 2019 December 31, 2018 Assets: U.S. Media $ 4,775.2 $ 3,610.0 Other 282.6 202.5 Corporate 19.2 16.2 Total assets $ 5,077.0 $ 3,828.7

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	Mar. 31, 2019
Condensed Consolidating Financial Information [Abstract]
Condensed Statement of Financial Position	As of March 31, 2019 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Current assets: Cash and cash equivalents $ — $ 11.4 $ — $ 41.3 $ — $ 52.7 Receivables, less allowance — — 46.3 205.4 (22.6 ) 229.1 Other current assets — 1.3 137.0 105.8 (174.2 ) 69.9 Total current assets — 12.7 183.3 352.5 (196.8 ) 351.7 Property and equipment, net — — 606.0 48.7 — 654.7 Goodwill — — 2,059.9 20.8 — 2,080.7 Intangible assets — — 473.7 58.3 — 532.0 Operating lease assets — — 1,233.2 94.6 — 1,327.8 Investment in subsidiaries 1,051.3 3,250.6 268.2 — (4,570.1 ) — Prepaid MTA equipment deployment costs — — 71.1 — — 71.1 Other assets — 2.0 53.7 3.3 — 59.0 Intercompany — — 81.0 97.9 (178.9 ) — Total assets $ 1,051.3 $ 3,265.3 $ 5,030.1 $ 676.1 $ (4,945.8 ) $ 5,077.0 Total current liabilities $ — $ 25.1 $ 527.2 $ 183.0 $ (196.8 ) $ 538.5 Long-term debt, net — 2,185.7 — — — 2,185.7 Deferred income tax liabilities, net — — — 17.5 — 17.5 Operating lease liability — — 1,087.0 79.5 — 1,166.5 Asset retirement obligation — — 30.1 4.3 — 34.4 Deficit in excess of investment of subsidiaries — — 2,199.3 — (2,199.3 ) — Other liabilities — 3.2 37.3 2.0 — 42.5 Intercompany — — 97.9 81.0 (178.9 ) — Total liabilities — 2,214.0 3,978.8 367.3 (2,575.0 ) 3,985.1 Total stockholders’ equity 1,051.3 1,051.3 1,051.3 268.2 (2,370.8 ) 1,051.3 Non-controlling interests — — — 40.6 — 40.6 Total equity 1,051.3 1,051.3 1,051.3 308.8 (2,370.8 ) 1,091.9 Total liabilities and equity $ 1,051.3 $ 3,265.3 $ 5,030.1 $ 676.1 $ (4,945.8 ) $ 5,077.0 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 allowance — — 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 equity $ 1,102.8 $ 3,272.8 $ 3,838.5 $ 585.3 $ (4,970.7 ) $ 3,828.7
Condensed Statement of Operations	Three Months Ended March 31, 2019 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenues: Billboard $ — $ — $ 236.0 $ 15.0 $ — $ 251.0 Transit and other — — 118.4 2.3 — 120.7 Total revenues — — 354.4 17.3 — 371.7 Expenses: Operating — — 204.9 12.0 — 216.9 Selling, general and administrative 0.4 0.1 69.9 2.9 — 73.3 Restructuring charges — — 0.3 — — 0.3 Net gain on dispositions — — (1.5 ) — — (1.5 ) Depreciation — — 18.4 2.7 — 21.1 Amortization — — 22.6 2.1 — 24.7 Total expenses 0.4 0.1 314.6 19.7 — 334.8 Operating income (loss) (0.4 ) (0.1 ) 39.8 (2.4 ) — 36.9 Interest expense, net — (30.3 ) (1.0 ) (1.4 ) — (32.7 ) Other income, net — — — 0.1 — 0.1 Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies (0.4 ) (30.4 ) 38.8 (3.7 ) — 4.3 Benefit (provision) for income taxes — — (0.2 ) 1.2 — 1.0 Equity in earnings of investee companies, net of tax 6.5 36.9 (32.1 ) 0.2 (10.7 ) 0.8 Net income (loss) $ 6.1 $ 6.5 $ 6.5 $ (2.3 ) $ (10.7 ) $ 6.1 Net income (loss) $ 6.1 $ 6.5 $ 6.5 $ (2.3 ) $ (10.7 ) $ 6.1 Total other comprehensive income, net of tax 1.8 1.8 1.8 2.6 (6.2 ) 1.8 Total comprehensive income $ 7.9 $ 8.3 $ 8.3 $ 0.3 $ (16.9 ) $ 7.9 Three Months Ended March 31, 2018 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenues: Billboard $ — $ — $ 226.2 $ 13.1 $ — $ 239.3 Transit and other — — 96.4 2.2 — 98.6 Total revenues — — 322.6 15.3 — 337.9 Expenses: Operating — — 184.2 12.9 — 197.1 Selling, general and administrative 0.4 0.1 62.9 1.2 — 64.6 Restructuring charges — — 1.1 — — 1.1 Net gain on dispositions — — (0.2 ) — — (0.2 ) Depreciation — — 17.7 3.4 — 21.1 Amortization — — 20.7 1.8 — 22.5 Total expenses 0.4 0.1 286.4 19.3 — 306.2 Operating income (loss) (0.4 ) (0.1 ) 36.2 (4.0 ) — 31.7 Interest expense, net — (28.6 ) (0.9 ) (0.5 ) — (30.0 ) Other expense, net — — — (0.1 ) — (0.1 ) Income (loss) before benefit for income taxes and equity in earnings of investee companies (0.4 ) (28.7 ) 35.3 (4.6 ) — 1.6 Benefit for income taxes — — 1.3 5.4 — 6.7 Equity in earnings of investee companies, net of tax 9.5 38.2 (27.1 ) 0.1 (19.9 ) 0.8 Net income $ 9.1 $ 9.5 $ 9.5 $ 0.9 $ (19.9 ) $ 9.1 Net income $ 9.1 $ 9.5 $ 9.5 $ 0.9 $ (19.9 ) $ 9.1 Total other comprehensive loss, net of tax (5.1 ) (5.1 ) (5.1 ) (5.1 ) 15.3 (5.1 ) Total comprehensive income (loss) $ 4.0 $ 4.4 $ 4.4 $ (4.2 ) $ (4.6 ) $ 4.0
Condensed Statements of Cash Flows	Three Months Ended March 31, 2019 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash flow provided by (used for) operating activities $ (0.4 ) $ (21.8 ) $ 62.4 $ 1.2 $ — $ 41.4 Investing activities: Capital expenditures — — (15.5 ) (2.6 ) — (18.1 ) Acquisitions — — (7.5 ) — — (7.5 ) MTA franchise rights — — (5.4 ) — — (5.4 ) Net proceeds from dispositions — — 2.2 — — 2.2 Return of investment in investee companies — — 0.1 — — 0.1 Net cash flow used for investing activities — — (26.1 ) (2.6 ) — (28.7 ) Financing activities: Proceeds from long-term debt borrowings — 35.0 — — — 35.0 Proceeds from borrowings under short-term debt facilities — — — 15.0 — 15.0 Repayments of borrowings under short-term debt facilities — — — (20.0 ) — (20.0 ) Proceeds from shares issued under the ATM Program 16.6 — — — — 16.6 Taxes withheld for stock-based compensation — — (7.6 ) — — (7.6 ) Dividends (51.2 ) — — (0.6 ) — (51.8 ) Intercompany 35.0 (13.8 ) (28.7 ) 7.5 — — Net cash flow provided by (used for) financing activities 0.4 21.2 (36.3 ) 1.9 — (12.8 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash — — — 0.1 — 0.1 Net increase (decrease) in cash, cash equivalents and restricted cash — (0.6 ) — 0.6 — — 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 $ — $ 11.4 $ 1.4 $ 41.3 $ — $ 54.1 Three Months Ended March 31, 2018 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash flow provided by (used for) operating activities $ (0.4 ) $ (19.5 ) $ 81.8 $ 0.2 $ — $ 62.1 Investing activities: Capital expenditures — — (14.5 ) (2.3 ) — (16.8 ) Acquisitions — — (4.1 ) — — (4.1 ) MTA franchise rights — — (1.4 ) — — (1.4 ) Net proceeds from dispositions — — 0.2 — — 0.2 Net cash flow used for investing activities — — (19.8 ) (2.3 ) — (22.1 ) Financing activities: Proceeds from long-term debt borrowings — 10.0 — — — 10.0 Proceeds from borrowings under short-term debt facilities — — — 57.0 — 57.0 Repayments of borrowings under short-term debt facilities — — — (45.0 ) — (45.0 ) Taxes withheld for stock-based compensation — — (6.5 ) — — (6.5 ) Dividends (50.4 ) — — (0.7 ) — (51.1 ) Intercompany 50.8 17.8 (57.2 ) (11.4 ) — — Net cash flow provided by (used for) financing activities 0.4 27.8 (63.7 ) (0.1 ) — (35.6 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash — — — (0.2 ) — (0.2 ) Net increase (decrease) in cash, cash equivalents and restricted cash — 8.3 (1.7 ) (2.4 ) — 4.2 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 $ — $ 18.5 $ 2.0 $ 32.0 $ — $ 52.5

Description of Business and B_3

Description of Business and Basis of Presentation - Narrative (Details)	3 Months Ended
	Mar. 31, 2019marketssegment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of largest domestic markets in which the entity operates	25
Approximate number of markets in which the entity operates	140
Number of operating segments | segment	3

New Accounting Standards Narrat

New Accounting Standards Narrative (Details) $ in Millions	Mar. 31, 2019USD ($)leases	Jan. 01, 2019USD ($)	Dec. 31, 2018USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of leases | leases	23,600
Operating lease liability	$ 1,320.3	$ 1,200
Right-of-use operating lease asset	$ 1,327.8	1,200	$ 0
Net Assets		1,300
Cumulative effect of a new accounting standard		$ 24.8	$ (24.8)

Restricted Cash - Narrative (De

Restricted Cash - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Restricted Cash [Abstract]
Restricted cash	$ 1.4	$ 1.4	$ 0

Restricted Cash (Details)

Restricted Cash (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Restricted Cash [Abstract]
Cash and cash equivalents	$ 52.7	$ 52.7	$ 52.5
Restricted cash	1.4	1.4	0
Cash, cash equivalents and restricted cash	$ 54.1	$ 54.1	$ 52.5	$ 48.3

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Operating lease assets	$ 1,327.8		$ 1,200	$ 0
Short-term operating lease liabilities	153.8			0
Operating lease liabilities	1,166.5			$ 0
Variable lease costs	$ 19.5
Weighted average remaining lease term	10 years
Weighted average discount rate	6.30%
Cash paid for operating leases	$ 94.2
Operating lease asset obtained in exchange for operating lease liability	147.6
Lessor, Lease, Description [Line Items]
Rental income	$ 242	$ 231.9
Minimum
Lessor, Lease, Description [Line Items]
Customer lease term	28 days
Maximum
Lessor, Lease, Description [Line Items]
Customer lease term				1 year
Operating expense
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 94.4
Selling, general and administrative
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 2.1

Leases Minimum rental payments

Leases Minimum rental payments under operating leases (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019
Leases [Abstract]
2019	$ 167.9
2020	231.2
2021	214.8
2022	197.4
2023	175.5
2024 and thereafter	854.9
Total operating lease payments	1,841.7
Less: Interest	521.4
Present value of lease liabilities	$ 1,320.3	$ 1,200

Leases Minimum rental payment_2

Leases Minimum rental payments under non-cancellable leases with original terms in excess of one year (Details) $ in Millions	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 154.8
2020	151.8
2021	139.1
2022	126.2
2023	109.8
2024 and thereafter	574.6
Total minimum payments	$ 1,256.3

Leases Minimum rental payment_3

Leases Minimum rental payments to be received (Details) $ in Millions	Mar. 31, 2019USD ($)
Leases [Abstract]
2019	$ 386.3
2020	39.4
2021	9.7
2022	2.6
2023	1.6
2024 and thereafter	0.9
Total minimum payments	$ 440.5

Property and Equipment - Summar

Property and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Property and Equipment [Line Items]
Property and equipment	$ 2,114.1	$ 2,089.2
Less: accumulated depreciation	1,459.4	1,436.3
Property and equipment, net	654.7	652.9
Land
Property and Equipment [Line Items]
Property and equipment	97.2	97.5
Buildings
Property and Equipment [Line Items]
Property and equipment	$ 49.4	48.7
Buildings | Minimum
Property and Equipment [Line Items]
Property and equipment, useful life	20 years
Buildings | Maximum
Property and Equipment [Line Items]
Property and equipment, useful life	40 years
Advertising structures
Property and Equipment [Line Items]
Property and equipment	$ 1,806.1	1,789.4
Advertising structures | Minimum
Property and Equipment [Line Items]
Property and equipment, useful life	5 years
Advertising structures | Maximum
Property and Equipment [Line Items]
Property and equipment, useful life	20 years
Furniture, equipment and other
Property and Equipment [Line Items]
Property and equipment	$ 136.8	134.3
Furniture, equipment and other | Minimum
Property and Equipment [Line Items]
Property and equipment, useful life	3 years
Furniture, equipment and other | Maximum
Property and Equipment [Line Items]
Property and equipment, useful life	10 years
Construction in progress
Property and Equipment [Line Items]
Property and equipment	$ 24.6	$ 19.3

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Depreciation	$ 21.1	$ 21.1

Intangible Assets Schedule of F

Intangible Assets Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross	$ 1,634.2	$ 1,625
Accumulated amortization	(1,102.2)	(1,087.8)
Intangible assets	532	537.2
Permits and leasehold agreements
Finite-Lived Intangible Assets [Line Items]
Gross	1,110.2	1,107.4
Accumulated amortization	(706.8)	(697.6)
Intangible assets	403.4	409.8
Franchise agreements
Finite-Lived Intangible Assets [Line Items]
Gross	477	470.7
Accumulated amortization	(360.4)	(357.1)
Intangible assets	116.6	113.6
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross	47	46.9
Accumulated amortization	(35)	(33.1)
Intangible assets	$ 12	$ 13.8

Intangible Assets Narrative (De

Intangible Assets Narrative (Details) - Intangible Assets - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 24.7	$ 22.5
Amortization of direct lease acquisition costs	$ 10.3	$ 8.7
Direct lease acquisition costs | Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life	28 days
Direct lease acquisition costs | Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life	1 year

Asset Retirement Obligation - N

Asset Retirement Obligation - Narrative (Details)	3 Months Ended
	Mar. 31, 2019
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligation, expected term	50 years
Asset retirement obligations, description	The obligation is calculated based on the assumption that all of our advertising structures will be removed within the next 50 years.

Asset Retirement Obligation - S

Asset Retirement Obligation - Schedule of Change in Asset Retirement Obligation (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
As of December 31, 2018	$ 34.2
Accretion expense	0.6
Additions	0.1
Liabilities settled	(0.6)
Foreign currency translation adjustments	0.1
As of March 31, 2019	$ 34.4

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)joint_ventureDisplays	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Related Party Transaction [Line Items]
Equity method investment, ownership percentage	50.00%
Equity method investments | $	$ 15.5		$ 16.1
Management fee revenue | $	$ 1.7	$ 1.6
Transit shelter joint ventures
Related Party Transaction [Line Items]
Equity method investment, number of investments | joint_venture	2
Acquired businesses
Related Party Transaction [Line Items]
Equity method investment, number of investments | joint_venture	4
Equity method investment, number of displays | Displays	11

Debt - Schedule of Long-Term De

Debt - Schedule of Long-Term Debt Instruments (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total short-term debt	$ 155	$ 160
Long-term debt, net	2,185.7	2,149.6
Debt issuance costs	(19.3)	(20.4)
Total debt, net	$ 2,340.7	$ 2,309.6
Weighted average cost of debt	5.10%	5.10%
Secured debt | Term loan, due 2024
Debt Instrument [Line Items]
Long-term debt, net	$ 668.2	$ 668.1
Maturity date	Mar. 16, 2024	Mar. 16, 2024
Senior unsecured notes
Debt Instrument [Line Items]
Long-term debt, net	$ 1,501.8	$ 1,501.9
Senior unsecured notes | 5.250% senior unsecured notes, due 2022
Debt Instrument [Line Items]
Long-term debt, net	$ 549.7	$ 549.7
Stated interest rate	5.25%	5.25%
Maturity date	Jan. 31, 2022	Jan. 31, 2022
Senior unsecured notes | 5.625% senior unsecured notes, due 2024
Debt Instrument [Line Items]
Long-term debt, net	$ 502.1	$ 502.2
Stated interest rate	5.625%	5.625%
Maturity date	Jan. 31, 2024	Jan. 31, 2024
Senior unsecured notes | 5.875% senior unsecured notes, due 2025
Debt Instrument [Line Items]
Long-term debt, net	$ 450	$ 450
Stated interest rate	5.875%	5.875%
Maturity date	Mar. 15, 2025	Mar. 15, 2025
Short-term debt | AR Facility
Debt Instrument [Line Items]
Credit facility, outstanding amount	$ 80	$ 85
Short-term debt | Repurchase facility
Debt Instrument [Line Items]
Credit facility, outstanding amount	75	75
Long-term debt | Revolving credit facility
Debt Instrument [Line Items]
Credit facility, outstanding amount	$ 35	$ 0

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Line of Credit Facility [Line Items]
Debt instrument, covenant description	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.
Maximum consolidated total leverage ratio	6
Consolidated total leverage ratio	4.6
Debt Instrument [Line Items]
Deferred financing costs	$ 22.8
Interest rate cash flow hedge liability, at fair value	$ 3.2		$ 2.4
One-month LIBOR rate	2.50%
Secured debt | Term loan, due 2024
Debt Instrument [Line Items]
Interest rate at period end	4.50%
Unamortized debt discount	$ 1.8
Maturity date	Mar. 16, 2024		Mar. 16, 2024
Senior unsecured notes | 5.250% senior unsecured notes, due 2022
Debt Instrument [Line Items]
Unamortized debt discount	$ 0.3
Debt face amount	$ 150
Stated interest rate	5.25%		5.25%
Maturity date	Jan. 31, 2022		Jan. 31, 2022
Senior unsecured notes | 5.625% senior unsecured notes, due 2024
Debt Instrument [Line Items]
Debt face amount	$ 100
Unamortized premium	$ 2.1
Stated interest rate	5.625%		5.625%
Maturity date	Jan. 31, 2024		Jan. 31, 2024
Senior unsecured notes | 5.875% senior unsecured notes, due 2025
Debt Instrument [Line Items]
Stated interest rate	5.875%		5.875%
Maturity date	Mar. 15, 2025		Mar. 15, 2025
Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Long-term debt at fair value	$ 2,400		$ 2,300
Interest Rate Cash Flow Hedge Liability at Fair Value	3.2		$ 2.4
Interest rate swap
Debt Instrument [Line Items]
Notional amount	$ 150
Fixed interest rate	3.00%
Receive rate	one-month LIBOR
Interest rate cash flow swap maturity date	Dec. 29, 2021
Revolving credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 430
Credit facility, expiration date	Mar. 16, 2022		Mar. 16, 2022
Commitment fee for unused commitments	$ 0.4	$ 0.3
Debt instrument, covenant description	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 4.0 to 1.0.
Maximum consolidated net secured coverage ratio	4
Consolidated net secured leverage ratio	1.5
Revolving credit facility | Long-term debt
Line of Credit Facility [Line Items]
Credit facility, outstanding amount	$ 35		$ 0
Line of credit facility, interest rate at period end	4.50%
Revolving credit facility | Maximum
Line of Credit Facility [Line Items]
Debt covenant, restricted cash limit	$ 150
Letter of credit sublimit to revolving credit facility
Line of Credit Facility [Line Items]
Letters of credit outstanding, amount	66.1
Letter of credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	150
Letters of credit outstanding, amount	143
AR Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 100
Credit facility, expiration date	Jun. 30, 2021
AR Facility | Short-term debt
Line of Credit Facility [Line Items]
Credit facility, outstanding amount	$ 80		85
Short-term debt, weighted average interest rate, at point in time	3.50%
Line of credit facility, remaining borrowing capacity	$ 20
Repurchase facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 75
Repurchase facility | Short-term debt
Line of Credit Facility [Line Items]
Credit facility, expiration date	Sep. 6, 2019
Credit facility, outstanding amount	$ 75		$ 75
Short-term debt, weighted average interest rate, at point in time	3.70%
Line of credit facility, remaining borrowing capacity	$ 0
AR securitization facilities | Maximum
Line of Credit Facility [Line Items]
Debt instrument, collateral amount	$ 192.4

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 28, 2019	Jun. 07, 2019	Apr. 26, 2019	Jun. 13, 2017	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Nov. 21, 2017
Class of Stock [Line Items]
Common Stock, Shares Authorized					450,000,000		450,000,000
Common stock, par value per share					$ 0.01	$ 0.01	$ 0.01	$ 0.01
Common Stock, Shares Issued					141,634,024		140,239,977
Common Stock, Shares Outstanding					141,634,024		140,239,977
Preferred Stock, Shares Authorized					50,000,000
Preferred stock, par value per share					$ 0.01
Preferred Stock, Shares Issued					0
Preferred Stock, Shares Outstanding					0
Restriction for disposition of assets acquired				5 years
Distributions to holders of Class A equity interests of a subsidiary					$ 51.8	$ 51.1
Stock Issued During Period, Shares, Issued for Services					5,512
Stock Issued During Period, Value, Issued for Services					$ 0.1
Dividends declared per common share (in dollars per share)					$ 0.36	$ 0.36
Subsequent Event
Class of Stock [Line Items]
Dividends Payable, Date Declared			Apr. 26, 2019
Dividends declared per common share (in dollars per share)			$ 0.36
Ordinary dividend | Subsequent Event
Class of Stock [Line Items]
Dividends Payable, Date to be Paid	Jun. 28, 2019
Dividends Payable, Date of Record		Jun. 7, 2019
At-The-Market Equity Offering Program
Class of Stock [Line Items]
At-The-Market Equity Offering Program, Authorized Amount Outstanding					$ 267.5				$ 300
Shares issued under the ATM Program					750,000
Shares issued under the ATM Program (value)					$ 17
Payments of Stock Issuance Costs					0.3
Sale of Stock, Consideration Received on Transaction					$ 16.7
Noncontrolling Interest
Class of Stock [Line Items]
Equity interest issued for an acquisition (in shares)					1,953,407
Distributions to holders of Class A equity interests of a subsidiary					$ 0.6	$ 0.7
Equity interests redeemed during the period					330,151

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Rental income	$ 242	$ 231.9

Revenues Disaggregation of Reve

Revenues Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Billboard	$ 251	$ 239.3
Transit	120.7	98.6
Revenues	371.7	337.9
Static displays
Disaggregation of Revenue [Line Items]
Billboard	194.3	189.5
Transit	79	67.8
Digital displays
Disaggregation of Revenue [Line Items]
Billboard	47	41.9
Transit	16.6	10.7
Other
Disaggregation of Revenue [Line Items]
Billboard	9.7	7.9
Transit	8.8	7.3
Transit
Disaggregation of Revenue [Line Items]
Transit	104.4	85.8
Sports marketing and other
Disaggregation of Revenue [Line Items]
Transit	$ 16.3	$ 12.8

Revenues Revenue from External

Revenues Revenue from External Customers by Geographic Areas (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Billboard	$ 251	$ 239.3
Transit and other	120.7	98.6
Revenues	371.7	337.9
United States
Disaggregation of Revenue [Line Items]
Billboard	236.2	226.3
Revenues	354.7	322.7
Canada
Disaggregation of Revenue [Line Items]
Revenues	17	15.2
Transit and other
Disaggregation of Revenue [Line Items]
Transit and other	104.4	85.8
Transit and other | United States
Disaggregation of Revenue [Line Items]
Transit and other	102.2	83.6
Sports marketing and other
Disaggregation of Revenue [Line Items]
Transit and other	16.3	12.8
Sports marketing and other | United States
Disaggregation of Revenue [Line Items]
Transit and other	$ 16.3	$ 12.8

Restructuring Charges - Narrati

Restructuring Charges - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 0.3	$ 1.1
Restructuring reserve	$ 1.2
Operating segments | Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0.6
Operating segments | U.S. Media
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 0.5

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2019USD ($)Displays
Business Acquisition [Line Items]
Noncash or part noncash acquisition, value of assets acquired	$ 2.5	$ 4.1
Payments to acquire businesses, net of cash acquired	(7.5)	$ (4.1)
Acquired businesses | Subsequent Event
Business Acquisition [Line Items]
Noncash or part noncash acquisition, value of assets acquired			$ 35.4
Acquired businesses | Digital displays | Subsequent Event
Business Acquisition [Line Items]
Number of displays | Displays			14
Acquired businesses | Static displays | Subsequent Event
Business Acquisition [Line Items]
Number of displays | Displays			7
Acquired businesses other
Business Acquisition [Line Items]
Deposit for pending acquisition	$ 5
Acquired businesses other | Subsequent Event
Business Acquisition [Line Items]
Noncash or part noncash acquisition, value of assets acquired			$ 24
Acquired businesses other | Digital displays | Subsequent Event
Business Acquisition [Line Items]
Number of displays | Displays			4

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Allocation of Share-based Compensation Costs by Plan (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit	$ (0.3)	$ (0.3)
Stock-based compensation expense, net of tax	5	4.7
Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, before income taxes	$ 5.3	$ 5

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation not yet recognized, share-based awards other than options	$ 39.8
Compensation cost not yet recognized, period for recognition	2 years 4 months 24 days

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of RSU and PRSU Award Activity (Details)	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes
RSUs and PRSUs, Nonvested, Number of Shares [Roll Forward]
Non-vested as of December 31, 2018 | shares	1,723,980
Non-vested as of March 31, 2019 | shares	2,085,201
RSUs and PRSUs, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Non-Vested, as of December 31, 2018 ($ per share) | $ / shares	$ 22.39
Weighted Average Grant Date Fair Value, Non-Vested, as of March 31, 2019 ($ per share) | $ / shares	$ 21.95
Restricted Stock Units (RSUs)
RSUs and PRSUs, Nonvested, Number of Shares [Roll Forward]
Granted | shares	797,745
Vested | shares	(542,935)
Forfeitures | shares	(18,215)
RSUs and PRSUs, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Grants ($ per share) | $ / shares	$ 21.41
Weighted Average Grant Date Fair Value, Vested ($ per share) | $ / shares	22.14
Weighted Average Grant Date Fair Value, Forfeited ($ per share) | $ / shares	$ 22.45
Performance Restricted Stock Units (PRSUs)
RSUs and PRSUs, Nonvested, Number of Shares [Roll Forward]
Granted | shares	376,418
Vested | shares	(246,542)
Forfeitures | shares	(5,250)
RSUs and PRSUs, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Grants ($ per share) | $ / shares	$ 21.41
Weighted Average Grant Date Fair Value, Vested ($ per share) | $ / shares	21.99
Weighted Average Grant Date Fair Value, Forfeited ($ per share) | $ / shares	$ 22.17

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Stock Options Roll Forward (Details) - Stock options	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding as of December 31, 2018 | shares	141,847
Exercised | shares	(15,319)
Outstanding as of March 31, 2019 | shares	126,528
Exercisable as of March 31, 2019 | shares	126,528
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted average exercise price, options outstanding, as of December 31, 2018 | $ / shares	$ 23.08
Weighted average exercise price, options exercised | $ / shares	10.78
Weighted average exercise price, options outstanding, as of March 31, 2019 | $ / shares	24.57
Weighted average exercise price, options exercisable, as of September 30, 2018 | $ / shares	$ 24.57

Retirement Benefits - Schedule

Retirement Benefits - Schedule of Net Benefit Costs (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost		$ 0.5	$ 0.4
Interest cost		0.5	0.5
Expected return on plan assets		(0.7)	(0.6)
Amortization of net actuarial losses	[1]	0.2	0.1
Net periodic pension cost		$ 0.5	$ 0.4
[1]	Reflects amounts reclassified from accumulated other comprehensive income to net income.

Retirement Benefits - Narrative

Retirement Benefits - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Retirement Benefits [Abstract]
Pension contributions	$ 0.1
Estimated future employer contributions in current fiscal year	$ 1.6

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended
	Mar. 31, 2019
Minimum
Operating Loss Carryforwards [Line Items]
Open Tax Year	2015
Internal Revenue Service (IRS)
Operating Loss Carryforwards [Line Items]
Income Tax Examination, Year under Examination	2016
New York State Division of Taxation and Finance | Minimum
Operating Loss Carryforwards [Line Items]
Income Tax Examination, Year under Examination	2014

Earnings Per Share ("EPS") (Det

Earnings Per Share ("EPS") (Details) - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income available to common stockholders, diluted		$ 6.1	$ 9.1
Less: Distributions to holders of Class A equity interests of a subsidiary		51.8	51.1
Net income available to common stockholders, basic		$ 5.5	$ 8.4
Weighted average shares for basic EPS		140.7	138.8
Dilutive potential shares from grants of RSUs, PRSUs and stock options	[1]	0.4	0.3
Weighted average shares for diluted EPS		141.1	139.1
Noncontrolling Interest
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Less: Distributions to holders of Class A equity interests of a subsidiary		$ 0.6	$ 0.7
Noncontrolling Interest
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, number of shares		1.7	2
Stock compensation plan
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, number of shares		0.1	0.8
[1]	The potential impact of an aggregate 0.1 million granted RSUs, PRSUs and stock options in the three months ended March 31, 2019 , and 0.8 million in the three months ended March 31, 2018

Commitment and Contingencies -

Commitment and Contingencies - Narrative (Details) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019USD ($)Displays	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Other Commitments [Line Items]
MTA equipment development cost additions | $	$ 32.9		$ 91.2
MTA digital advertising screens on subway and train platforms
Other Commitments [Line Items]
Number of displays	8,565
MTA smaller-format digital advertising screens rolling stock
Other Commitments [Line Items]
Number of displays	37,716
MTA communication displays
Other Commitments [Line Items]
Number of displays	7,829
MTA displays installed
Other Commitments [Line Items]
Number of displays	1,964
Number of display additions	735
Standalone letters of credit and sublimit to revolving credit facility [Member]
Other Commitments [Line Items]
Letters of credit outstanding, amount | $	$ 209.1
Surety Bond
Other Commitments [Line Items]
Surety bonds outstanding | $	$ 26.6
Subsequent Event
Other Commitments [Line Items]
MTA equipment development cost additions | $		$ 175

Commitment and Contingencies MT

Commitment and Contingencies MTA Agreement Schedule (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Change In MTA Deployment Costs [Roll Forward]
Prepaid MTA equipment deployment costs, beginning of period	$ 79.5	$ 4.7	$ 4.7
Intangible assets, gross, beginning of period	1,625
MTA deployment costs, beginning of period	94.3	5.6	5.6
Amortization of intangible assets	24.7	22.5
MTA equipment development cost additions	32.9		91.2
Prepaid MTA equipment deployment costs, end of period	102.2		79.5
Intangible assets, gross, end of period	1,634.2		1,625
MTA deployment costs, end of period	122.3		94.3
MTA equipment deployment costs
Change In MTA Deployment Costs [Roll Forward]
Dployment costs incurred	27.1		76.5
Recoupment	(4.4)		(1.7)
Amortization of intangible assets	(0.5)		(0.8)
Franchise agreements
Change In MTA Deployment Costs [Roll Forward]
Intangible assets, gross, beginning of period	470.7
Intangible assets, gross, end of period	477		470.7
Franchise agreements | MTA equipment deployment costs
Change In MTA Deployment Costs [Roll Forward]
Intangible assets, gross, beginning of period	14.8	$ 0.9	0.9
Intangible asset additions	5.8		14.7
Amortization of intangible assets	(0.5)		(0.8)
Intangible assets, gross, end of period	$ 20.1		$ 14.8

Segment Information - Narrative

Segment Information - Narrative (Details)	3 Months Ended
	Mar. 31, 2019segment
Segment Reporting [Abstract]
Number of operating segments	3

Segment Information - Reconcili

Segment Information - Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Revenues	$ 371.7	$ 337.9
Operating segments | U.S. Media
Segment Reporting Information [Line Items]
Revenues	338.4	309.9
Operating segments | Other
Segment Reporting Information [Line Items]
Revenues	$ 33.3	$ 28

Segment Information - Adjusted

Segment Information - Adjusted OIBDA by Segment and Reconciliation to Consolidated Net Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Net income	$ 6.1	$ 9.1
(Benefit) provision for income taxes	(1)	(6.7)
Equity in earnings of investee companies, net of tax	(0.8)	(0.8)
Interest expense, net	32.7	30
Other (income) expense, net	(0.1)	0.1
Operating income (loss)	36.9	31.7
Restructuring charges	0.3	1.1
Net gain on dispositions	(1.5)	(0.2)
Depreciation and amortization	45.8	43.6
Stock-based compensation	5.3	5
Adjusted OIBDA	86.8	81.2
Capital expenditures	18.1	16.8
Operating segments
Segment Reporting Information [Line Items]
Operating income (loss)	36.9	31.7
Net gain on dispositions	(1.5)	(0.2)
Depreciation and amortization	45.8	43.6
Capital expenditures	18.1	16.8
Operating segments | U.S. Media
Segment Reporting Information [Line Items]
Operating income (loss)	55.5	50.6
Restructuring charges		0.5
Net gain on dispositions	(1.5)	(0.2)
Depreciation and amortization	40.6	38
Adjusted OIBDA	94.6	88.9
Capital expenditures	17.3	14.4
Operating segments | Other
Segment Reporting Information [Line Items]
Operating income (loss)	(4)	(7)
Restructuring charges		0.6
Depreciation and amortization	5.2	5.6
Adjusted OIBDA	1.2	(0.8)
Capital expenditures	0.8	2.4
Corporate
Segment Reporting Information [Line Items]
Operating income (loss)	(14.6)	(11.9)
Adjusted OIBDA	$ (9)	$ (6.9)

Segment Information - Reconci_2

Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total assets	$ 5,077	$ 3,828.7
Operating segments | U.S. Media
Segment Reporting Information [Line Items]
Total assets	4,775.2	3,610
Operating segments | Other
Segment Reporting Information [Line Items]
Total assets	282.6	202.5
Corporate
Segment Reporting Information [Line Items]
Total assets	$ 19.2	$ 16.2

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information - Narrative (Details)	Mar. 31, 2019
Wholly Owned Domestic Subsidiaries [Line Items]
Equity method investment, ownership percentage	50.00%
Parent Company
Wholly Owned Domestic Subsidiaries [Line Items]
Equity method investment, ownership percentage	100.00%

Condensed Consolidating Finan_4

Condensed Consolidating Financial Information - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Condensed Statements of Financial Position, Captions [Line Items]
Cash and cash equivalents	$ 52.7		$ 52.7	$ 52.5
Receivables, less allowance	229.1		264.9
Other current assets	69.9		111.9
Total current assets	351.7		429.5
Property and equipment, net	654.7		652.9
Goodwill	2,080.7		2,079.7
Intangible assets	532		537.2
Operating lease assets	1,327.8	$ 1,200	0
Investment in subsidiaries	0		0
Prepaid MTA equipment deployment costs	71.1		60.6
Other assets	59		68.8
Intercompany	0		0
Total assets	5,077		3,828.7
Total current liabilities	538.5		402.6
Long-term debt, net	2,185.7		2,149.6
Deferred income tax liabilities, net	17.5		17
Operating lease liabilities	1,166.5		0
Asset retirement obligation	34.4		34.2
Deficit in excess of investment in subsidiaries	0		0
Other liabilities	42.5		80
Intercompany	0		0
Total liabilities	3,985.1		2,683.4
Total stockholders' equity	1,051.3		1,102.8	1,131.8	$ 1,181.1
Non-controlling interests	40.6		42.5
Total equity	1,091.9		1,145.3	$ 1,177.4	$ 1,226.6
Total liabilities and equity	5,077		3,828.7
Eliminations
Condensed Statements of Financial Position, Captions [Line Items]
Cash and cash equivalents	0		0
Receivables, less allowance	(22.6)		(19.9)
Other current assets	(174.2)		(146.9)
Total current assets	(196.8)		(166.8)
Property and equipment, net	0		0
Goodwill	0		0
Intangible assets	0		0
Operating lease assets	0
Investment in subsidiaries	(4,570.1)		(4,622.2)
Prepaid MTA equipment deployment costs	0		0
Other assets	0		0
Intercompany	(178.9)		(181.7)
Total assets	(4,945.8)		(4,970.7)
Total current liabilities	(196.8)		(166.8)
Long-term debt, net	0		0
Deferred income tax liabilities, net	0		0
Operating lease liabilities	0
Asset retirement obligation	0		0
Deficit in excess of investment in subsidiaries	(2,199.3)		(2,154.7)
Other liabilities	0		0
Intercompany	(178.9)		(181.7)
Total liabilities	(2,575)		(2,503.2)
Total stockholders' equity	(2,370.8)		(2,467.5)
Non-controlling interests	0		0
Total equity	(2,370.8)		(2,467.5)
Total liabilities and equity	(4,945.8)		(4,970.7)
Parent Company
Condensed Statements of Financial Position, Captions [Line Items]
Cash and cash equivalents	0		0
Receivables, less allowance	0		0
Other current assets	0		0
Total current assets	0		0
Property and equipment, net	0		0
Goodwill	0		0
Intangible assets	0		0
Operating lease assets	0
Investment in subsidiaries	1,051.3		1,102.8
Prepaid MTA equipment deployment costs	0		0
Other assets	0		0
Intercompany	0		0
Total assets	1,051.3		1,102.8
Total current liabilities	0		0
Long-term debt, net	0		0
Deferred income tax liabilities, net	0		0
Operating lease liabilities	0
Asset retirement obligation	0		0
Deficit in excess of investment in subsidiaries	0		0
Other liabilities	0		0
Intercompany	0		0
Total liabilities	0		0
Total stockholders' equity	1,051.3		1,102.8
Non-controlling interests	0		0
Total equity	1,051.3		1,102.8
Total liabilities and equity	1,051.3		1,102.8
Subsidiary Issuer
Condensed Statements of Financial Position, Captions [Line Items]
Cash and cash equivalents	11.4		12
Receivables, less allowance	0		0
Other current assets	1.3		1
Total current assets	12.7		13
Property and equipment, net	0		0
Goodwill	0		0
Intangible assets	0		0
Operating lease assets	0
Investment in subsidiaries	3,250.6		3,257.5
Prepaid MTA equipment deployment costs	0		0
Other assets	2		2.3
Intercompany	0		0
Total assets	3,265.3		3,272.8
Total current liabilities	25.1		18
Long-term debt, net	2,185.7		2,149.6
Deferred income tax liabilities, net	0		0
Operating lease liabilities	0
Asset retirement obligation	0		0
Deficit in excess of investment in subsidiaries	0		0
Other liabilities	3.2		2.4
Intercompany	0		0
Total liabilities	2,214		2,170
Total stockholders' equity	1,051.3		1,102.8
Non-controlling interests	0		0
Total equity	1,051.3		1,102.8
Total liabilities and equity	3,265.3		3,272.8
Guarantor Subsidiaries
Condensed Statements of Financial Position, Captions [Line Items]
Cash and cash equivalents	0		0
Receivables, less allowance	46.3		52.7
Other current assets	137		176.3
Total current assets	183.3		229
Property and equipment, net	606		604.3
Goodwill	2,059.9		2,059.9
Intangible assets	473.7		478.4
Operating lease assets	1,233.2
Investment in subsidiaries	268.2		261.9
Prepaid MTA equipment deployment costs	71.1		60.6
Other assets	53.7		63.4
Intercompany	81		81
Total assets	5,030.1		3,838.5
Total current liabilities	527.2		375.5
Long-term debt, net	0		0
Deferred income tax liabilities, net	0		0
Operating lease liabilities	1,087
Asset retirement obligation	30.1		29.9
Deficit in excess of investment in subsidiaries	2,199.3		2,154.7
Other liabilities	37.3		74.9
Intercompany	97.9		100.7
Total liabilities	3,978.8		2,735.7
Total stockholders' equity	1,051.3		1,102.8
Non-controlling interests	0		0
Total equity	1,051.3		1,102.8
Total liabilities and equity	5,030.1		3,838.5
Non-Guarantor Subsidiaries
Condensed Statements of Financial Position, Captions [Line Items]
Cash and cash equivalents	41.3		40.7
Receivables, less allowance	205.4		232.1
Other current assets	105.8		81.5
Total current assets	352.5		354.3
Property and equipment, net	48.7		48.6
Goodwill	20.8		19.8
Intangible assets	58.3		58.8
Operating lease assets	94.6
Investment in subsidiaries	0		0
Prepaid MTA equipment deployment costs	0		0
Other assets	3.3		3.1
Intercompany	97.9		100.7
Total assets	676.1		585.3
Total current liabilities	183		175.9
Long-term debt, net	0		0
Deferred income tax liabilities, net	17.5		17
Operating lease liabilities	79.5
Asset retirement obligation	4.3		4.3
Deficit in excess of investment in subsidiaries	0		0
Other liabilities	2		2.7
Intercompany	81		81
Total liabilities	367.3		280.9
Total stockholders' equity	268.2		261.9
Non-controlling interests	40.6		42.5
Total equity	308.8		304.4
Total liabilities and equity	$ 676.1		$ 585.3

Condensed Consolidating Finan_5

Condensed Consolidating Financial Information - Condensed Consolidating Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Statements of Operations, Captions [Line Items]
Billboard	$ 251	$ 239.3
Transit and other	120.7	98.6
Total revenues	371.7	337.9
Operating	216.9	197.1
Selling, general and administrative	73.3	64.6
Restructuring charges	0.3	1.1
Net gain on dispositions	(1.5)	(0.2)
Depreciation	21.1	21.1
Amortization	24.7	22.5
Total expenses	334.8	306.2
Operating income (loss)	36.9	31.7
Interest expense, net	(32.7)	(30)
Other income (expense), net	0.1	(0.1)
Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies	4.3	1.6
Benefit (provision) for income taxes	1	6.7
Equity in earnings of investee companies, net of tax	0.8	0.8
Net income (loss)	6.1	9.1
Total other comprehensive income (loss), net of tax	1.8	(5.1)
Total comprehensive income (loss)	7.9	4
Eliminations
Condensed Statements of Operations, Captions [Line Items]
Billboard	0	0
Transit and other	0	0
Total revenues	0	0
Operating	0	0
Selling, general and administrative	0	0
Restructuring charges	0	0
Net gain on dispositions	0	0
Depreciation	0	0
Amortization	0	0
Total expenses	0	0
Operating income (loss)	0	0
Interest expense, net	0	0
Other income (expense), net	0	0
Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies	0	0
Benefit (provision) for income taxes	0	0
Equity in earnings of investee companies, net of tax	(10.7)	(19.9)
Net income (loss)	(10.7)	(19.9)
Total other comprehensive income (loss), net of tax	(6.2)	15.3
Total comprehensive income (loss)	(16.9)	(4.6)
Parent Company
Condensed Statements of Operations, Captions [Line Items]
Billboard	0	0
Transit and other	0	0
Total revenues	0	0
Operating	0	0
Selling, general and administrative	0.4	0.4
Restructuring charges	0	0
Net gain on dispositions	0	0
Depreciation	0	0
Amortization	0	0
Total expenses	0.4	0.4
Operating income (loss)	(0.4)	(0.4)
Interest expense, net	0	0
Other income (expense), net	0	0
Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies	(0.4)	(0.4)
Benefit (provision) for income taxes	0	0
Equity in earnings of investee companies, net of tax	6.5	9.5
Net income (loss)	6.1	9.1
Total other comprehensive income (loss), net of tax	1.8	(5.1)
Total comprehensive income (loss)	7.9	4
Subsidiary Issuer
Condensed Statements of Operations, Captions [Line Items]
Billboard	0	0
Transit and other	0	0
Total revenues	0	0
Operating	0	0
Selling, general and administrative	0.1	0.1
Restructuring charges	0	0
Net gain on dispositions	0	0
Depreciation	0	0
Amortization	0	0
Total expenses	0.1	0.1
Operating income (loss)	(0.1)	(0.1)
Interest expense, net	(30.3)	(28.6)
Other income (expense), net	0	0
Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies	(30.4)	(28.7)
Benefit (provision) for income taxes	0	0
Equity in earnings of investee companies, net of tax	36.9	38.2
Net income (loss)	6.5	9.5
Total other comprehensive income (loss), net of tax	1.8	(5.1)
Total comprehensive income (loss)	8.3	4.4
Guarantor Subsidiaries
Condensed Statements of Operations, Captions [Line Items]
Billboard	236	226.2
Transit and other	118.4	96.4
Total revenues	354.4	322.6
Operating	204.9	184.2
Selling, general and administrative	69.9	62.9
Restructuring charges	0.3	1.1
Net gain on dispositions	(1.5)	(0.2)
Depreciation	18.4	17.7
Amortization	22.6	20.7
Total expenses	314.6	286.4
Operating income (loss)	39.8	36.2
Interest expense, net	(1)	(0.9)
Other income (expense), net	0	0
Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies	38.8	35.3
Benefit (provision) for income taxes	(0.2)	1.3
Equity in earnings of investee companies, net of tax	(32.1)	(27.1)
Net income (loss)	6.5	9.5
Total other comprehensive income (loss), net of tax	1.8	(5.1)
Total comprehensive income (loss)	8.3	4.4
Non-Guarantor Subsidiaries
Condensed Statements of Operations, Captions [Line Items]
Billboard	15	13.1
Transit and other	2.3	2.2
Total revenues	17.3	15.3
Operating	12	12.9
Selling, general and administrative	2.9	1.2
Restructuring charges	0	0
Net gain on dispositions	0	0
Depreciation	2.7	3.4
Amortization	2.1	1.8
Total expenses	19.7	19.3
Operating income (loss)	(2.4)	(4)
Interest expense, net	(1.4)	(0.5)
Other income (expense), net	0.1	(0.1)
Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies	(3.7)	(4.6)
Benefit (provision) for income taxes	1.2	5.4
Equity in earnings of investee companies, net of tax	0.2	0.1
Net income (loss)	(2.3)	0.9
Total other comprehensive income (loss), net of tax	2.6	(5.1)
Total comprehensive income (loss)	$ 0.3	$ (4.2)

Condensed Consolidating Finan_6

Condensed Consolidating Financial Information - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Statements of Cash Flows, Captions [Line Items]
Net cash flow provided by (used for) operating activities	$ 41.4	$ 62.1
Capital expenditures	(18.1)	(16.8)
Acquisitions	(7.5)	(4.1)
MTA franchise rights	(5.4)	(1.4)
Net proceeds from dispositions	2.2	0.2
Return of investment in investee companies	0.1	0
Net cash flow provided by (used for) investing activities	(28.7)	(22.1)
Proceeds from long-term debt borrowings	35	10
Proceeds from borrowings under short-term debt facilities	15	57
Repayments of borrowings under short-term debt facilities	(20)	(45)
Proceeds from shares issued under the ATM Program	16.6	0
Taxes withheld for stock-based compensation	(7.6)	(6.5)
Dividends	(51.8)	(51.1)
Intercompany	0	0
Net cash flow provided by (used for) financing activities	(12.8)	(35.6)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0.1	(0.2)
Net increase (decrease) in cash, cash equivalents and restricted cash	0	4.2
Cash, cash equivalents and restricted cash, beginning of period	54.1	48.3
Cash, cash equivalents and restricted cash, end of period	54.1	52.5
Eliminations
Condensed Statements of Cash Flows, Captions [Line Items]
Net cash flow provided by (used for) operating activities	0	0
Capital expenditures	0	0
Acquisitions	0	0
MTA franchise rights	0	0
Net proceeds from dispositions	0	0
Return of investment in investee companies	0
Net cash flow provided by (used for) investing activities	0	0
Proceeds from long-term debt borrowings	0	0
Proceeds from borrowings under short-term debt facilities	0	0
Repayments of borrowings under short-term debt facilities	0	0
Proceeds from shares issued under the ATM Program	0
Taxes withheld for stock-based compensation	0	0
Dividends	0	0
Intercompany	0	0
Net cash flow provided by (used for) financing activities	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash, beginning of period	0	0
Cash, cash equivalents and restricted cash, end of period	0	0
Parent Company
Condensed Statements of Cash Flows, Captions [Line Items]
Net cash flow provided by (used for) operating activities	(0.4)	(0.4)
Capital expenditures	0	0
Acquisitions	0	0
MTA franchise rights	0	0
Net proceeds from dispositions	0	0
Return of investment in investee companies	0
Net cash flow provided by (used for) investing activities	0	0
Proceeds from long-term debt borrowings	0	0
Proceeds from borrowings under short-term debt facilities	0	0
Repayments of borrowings under short-term debt facilities	0	0
Proceeds from shares issued under the ATM Program	16.6
Taxes withheld for stock-based compensation	0	0
Dividends	(51.2)	(50.4)
Intercompany	35	50.8
Net cash flow provided by (used for) financing activities	0.4	0.4
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash, beginning of period	0	0
Cash, cash equivalents and restricted cash, end of period	0	0
Subsidiary Issuer
Condensed Statements of Cash Flows, Captions [Line Items]
Net cash flow provided by (used for) operating activities	(21.8)	(19.5)
Capital expenditures	0	0
Acquisitions	0	0
MTA franchise rights	0	0
Net proceeds from dispositions	0	0
Return of investment in investee companies	0
Net cash flow provided by (used for) investing activities	0	0
Proceeds from long-term debt borrowings	35	10
Proceeds from borrowings under short-term debt facilities	0	0
Repayments of borrowings under short-term debt facilities	0	0
Proceeds from shares issued under the ATM Program	0
Taxes withheld for stock-based compensation	0	0
Dividends	0	0
Intercompany	(13.8)	17.8
Net cash flow provided by (used for) financing activities	21.2	27.8
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash	(0.6)	8.3
Cash, cash equivalents and restricted cash, beginning of period	12	10.2
Cash, cash equivalents and restricted cash, end of period	11.4	18.5
Guarantor Subsidiaries
Condensed Statements of Cash Flows, Captions [Line Items]
Net cash flow provided by (used for) operating activities	62.4	81.8
Capital expenditures	(15.5)	(14.5)
Acquisitions	(7.5)	(4.1)
MTA franchise rights	(5.4)	(1.4)
Net proceeds from dispositions	2.2	0.2
Return of investment in investee companies	0.1
Net cash flow provided by (used for) investing activities	(26.1)	(19.8)
Proceeds from long-term debt borrowings	0	0
Proceeds from borrowings under short-term debt facilities	0	0
Repayments of borrowings under short-term debt facilities	0	0
Proceeds from shares issued under the ATM Program	0
Taxes withheld for stock-based compensation	(7.6)	(6.5)
Dividends	0	0
Intercompany	(28.7)	(57.2)
Net cash flow provided by (used for) financing activities	(36.3)	(63.7)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash	0	(1.7)
Cash, cash equivalents and restricted cash, beginning of period	1.4	3.7
Cash, cash equivalents and restricted cash, end of period	1.4	2
Non-Guarantor Subsidiaries
Condensed Statements of Cash Flows, Captions [Line Items]
Net cash flow provided by (used for) operating activities	1.2	0.2
Capital expenditures	(2.6)	(2.3)
Acquisitions	0	0
MTA franchise rights	0	0
Net proceeds from dispositions	0	0
Return of investment in investee companies	0
Net cash flow provided by (used for) investing activities	(2.6)	(2.3)
Proceeds from long-term debt borrowings	0	0
Proceeds from borrowings under short-term debt facilities	15	57
Repayments of borrowings under short-term debt facilities	(20)	(45)
Proceeds from shares issued under the ATM Program	0
Taxes withheld for stock-based compensation	0	0
Dividends	(0.6)	(0.7)
Intercompany	7.5	(11.4)
Net cash flow provided by (used for) financing activities	1.9	(0.1)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0.1	(0.2)
Net increase (decrease) in cash, cash equivalents and restricted cash	0.6	(2.4)
Cash, cash equivalents and restricted cash, beginning of period	40.7	34.4
Cash, cash equivalents and restricted cash, end of period	$ 41.3	$ 32