XML 112 R46.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenue By Source
In the following table, revenue is disaggregated by source of revenue (in millions):
 
 
Year Ended December 31,
 
 
2019
 
2018
Net operating fees
 
$
1,037.4

 
$
760.2

Incentive fees
 
56.2

 
38.3

Other
 
92.5

 
70.0

Net services revenue
 
$
1,186.1

 
$
868.5


Schedule of Assets and Liabilities
The following table provides information about receivables, contracts assets, and contract liabilities from contracts with customers (in millions):
 
December 31, 2019
December 31, 2018
Receivables (1)
$
83.1

$
97.4

Contract assets (2)
2.0

1.2

Contract liabilities (2)
25.3

22.3


(1) Receivables are included in accounts receivable, net. The balance includes
accounts receivable, net - related party.
(2) Contract assets and contract liabilities are included in other current assets and customer liabilities, respectively. The contract liabilities balance contains related party amounts, including $4.2 million of current customer liabilities and $18.6 million of non-current customer liabilities.
ignificant changes in the contract assets and the contract liabilities balances during the year ended December 31, 2019 and 2018 are as follows (in millions):
 
 
December 31, 2019
 
December 31, 2018
 
 
Contract assets
 
Contract liabilities
 
Contract assets
 
Contract liabilities
Revenue recognized that was included in the contract liability balance at the beginning of the period
 
$

 
$
69.7

 
$

 
$
51.8

Increases due to cash received, excluding amounts recognized as revenue during the period
 

 
2.4

 

 
5.8

Acquisitions
 

 

 
1.2

 
2.1


Schedule of Transaction Price Allocated to the Remaining Performance Obligation
The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period (in millions). The estimated revenue does not include amounts of variable consideration that are constrained.
 
Net operating fees
 
Incentive fees
2020
$
63.3

 
$
18.0

2021
18.7

 

2022
9.2

 

2023
7.3

 

Thereafter
8.4

 

Total
$
106.9

 
$
18.0