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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 79.0 $ 263.7
Accounts receivable, net of allowance for doubtful accounts of $6.2 and $5.9, respectively 2,335.3 2,168.6
Merchandise inventory 513.6 452.0
Miscellaneous receivables 337.8 234.9
Prepaid expenses and other 131.0 118.9
Total current assets 3,396.7 3,238.1
Property and equipment, net 160.7 163.7
Goodwill 2,469.3 2,455.0
Other intangible assets, net 976.6 1,055.6
Other assets 38.3 36.0
Total assets 7,041.6 6,948.4
Current liabilities:    
Accounts payable-trade 1,391.6 1,072.9
Accounts payable-inventory financing 496.4 580.4
Current maturities of long-term debt 18.5 18.5
Deferred revenue 180.9 172.6
Accrued expenses:    
Compensation 150.7 167.6
Interest 21.6 25.1
Sales taxes 32.0 38.0
Advertising 89.3 55.8
Income taxes 12.4 0.0
Other 161.8 149.8
Total current liabilities 2,555.2 2,280.7
Long-term liabilities:    
Debt 3,277.8 3,215.9
Deferred income taxes 329.5 369.2
Other liabilities 30.0 37.1
Total long-term liabilities 3,637.3 3,622.2
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 100.0 shares authorized, no shares issued or outstanding for both periods 0.0 0.0
Common stock, $0.01 par value, 1,000.0 shares authorized, 155.6 and 160.3 shares issued and outstanding, respectively 1.5 1.6
Paid-in capital 2,890.5 2,857.3
Accumulated deficit (1,927.1) (1,673.8)
Accumulated other comprehensive loss (115.8) (139.6)
Total stockholders’ equity 849.1 1,045.5
Total liabilities and stockholders’ equity $ 7,041.6 $ 6,948.4