OUTFRONT Media (OUT) Cash Flow: Operating & Free Cash Flow

OUTFRONT Media (OUT) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), OUTFRONT Media generated $307.60M of operating cash flow and spent $88.80M on capital expenditures. That left free cash flow of $218.80M, up 4.6% from $209.10M a year earlier, or 11.9% of revenue. It returned $224.80M to shareholders through $210.30M in dividends and $14.50M in share buybacks.

OUTFRONT Media Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for OUTFRONT Media Inc. (OUT) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	147.00	258.20	-425.20	142.70	35.60	-61.00	140.10	107.90	125.80
Depreciation & Amortization	160.20	151.50	160.50	150.70	145.40	148.40	194.50	185.00	189.80
Deferred Income Tax	0.00	-1.20	-0.10	4.70	-4.70	-2.80	0.20	-0.40	-4.90
Stock Based Compensation	30.00	30.80	28.40	33.80	28.60	23.80	22.30	20.20	20.50
Change in Working Capital	-41.20	3.90	-33.10	-92.50	-116.30	5.60	-73.20	-103.40	-43.70
Change in Accounts Receivable	-67.00	-23.30	-4.00	-11.20	-94.60	60.80	-29.50	-37.20	-9.50
Change in Inventory	0.00	0.00	0.00	11.20	94.60	-60.80	29.50	0.00	0.00
Change in Accounts Payable	4.30	13.70	-9.20	4.90	38.90	-12.70	36.30	21.70	-31.90
Change in Other Working Capital	5.20	9.50	-16.10	-92.80	10.60	18.30	-109.50	-125.10	-43.70
Other Operating Activities	13.20	9.50	518.90	20.20	10.60	19.20	-7.00	5.00	-38.20
Net Cash from Operating Activities	307.60	299.20	254.20	254.10	98.80	130.60	276.90	214.30	249.30
Investing Activities
Capital Expenditures	-88.80	-90.10	-86.80	-89.80	-90.30	-77.10	-113.90	-95.60	-70.80
Acquisitions	-13.10	-20.70	-33.70	-353.90	-136.50	-18.10	-62.40	5.20	-64.50
Purchases of Investments	0.00	0.00	0.00	-0.30	0.00	-42.00	-7.30	0.00	0.00
Sales/Maturities of Investments	0.00	0.00	0.00	360.00	0.00	2.00	1.50	4.30	0.00
Other Investing Activities	1.50	-0.50	13.00	-0.30	0.00	40.00	5.80	7.90	-70.80
Net Cash from Investing Activities	-113.70	207.50	-107.50	-449.50	-224.00	-53.20	-176.30	-90.40	-135.30
Financing Activities
Debt Repayment	-400.00	-400.00	-400.00	30.00	-580.00	-625.00	113.50	80.00	8.30
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	50.90	15.30	0.00
Common Stock Repurchased	-14.50	-7.80	-12.50	-11.80	-9.00	-12.60	0.00	0.00	-8.50
Dividends Paid	-210.30	-208.40	-207.00	-205.80	-57.50	-55.60	-208.10	-203.90	-201.80
Other Financing Activities	-5.50	-32.00	-17.00	-0.40	-24.70	375.70	-50.60	-9.10	70.50
Net Cash from Financing Activities	-140.90	-495.40	-151.50	-188.00	-162.20	573.00	-94.30	-117.70	-131.50
Summary
Effect of Forex Changes on Cash	0.00	-0.40	0.40	-1.00	0.20	0.70	0.50	-0.40	0.60
Net Change in Cash	53.00	10.90	-4.40	-384.40	-287.40	651.10	6.80	5.80	-16.90
Cash at Beginning of Period	46.90	36.00	40.40	424.80	712.00	60.90	54.10	48.30	65.20
Cash at End of Period	99.90	46.90	36.00	40.40	424.80	712.00	60.90	54.10	48.30
Free Cash Flow	218.80	209.10	167.40	164.30	8.50	53.50	163.00	118.70	178.50
Supplemental Disclosures
Interest Paid	-	151.60	150.70	126.30	117.80	127.60	-	-	-
Income Taxes Paid	-	11.50	6.70	3.30	1.70	3.40	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About OUTFRONT Media Cash Flow

What is OUTFRONT Media's free cash flow?

OUTFRONT Media generated free cash flow of $218.80M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $307.60M minus $88.80M of capital expenditures. That was up 4.6% from $209.10M a year earlier. Free cash flow equaled 11.9% of revenue.

How much does OUTFRONT Media spend on capital expenditures?

OUTFRONT Media spent $88.80M on capital expenditures in fiscal 2025, compared with $90.10M a year earlier. That equals 28.9% of operating cash flow.

Does OUTFRONT Media pay dividends or buy back shares?

Yes. In fiscal 2025 OUTFRONT Media returned $210.30M in dividends and $14.50M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition