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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 123.9 $ 130.1
Accounts receivable, net of $2.3 million and $2.4 million allowance 115.3 131.3
Accounts receivable, net of $0.1 million and $0.1 million allowance - related party 20.0 26.1
Prepaid expenses and other current assets 81.2 77.2
Total current assets 340.4 364.7
Property, equipment and software, net 95.0 94.7
Operating lease right-of-use assets 49.8 48.9
Non-current portion of deferred contract costs 24.5 23.4
Intangible assets, net 258.3 265.4
Goodwill 554.7 554.7
Non-current deferred tax assets 44.2 51.8
Other assets 69.4 45.7
Total assets 1,436.3 1,449.3
Current liabilities:    
Accounts payable 21.0 17.7
Current portion of customer liabilities 32.7 41.5
Current portion of customer liabilities - related party 6.9 7.9
Accrued compensation and benefits 66.7 97.0
Current portion of operating lease liabilities 13.4 13.5
Current portion of long-term debt 17.5 17.5
Other accrued expenses 63.3 59.1
Total current liabilities 221.5 254.2
Non-current portion of customer liabilities 3.5 3.3
Non-current portion of customer liabilities - related party 15.3 15.4
Non-current portion of operating lease liabilities 57.4 53.4
Long-term debt 750.7 754.9
Other non-current liabilities 21.4 21.4
Total liabilities 1,069.8 1,102.6
Stockholders’ equity:    
Common stock, $0.01 par value, 500,000,000 shares authorized, 300,156,321 shares issued and 279,325,867 shares outstanding at March 31, 2022; 298,320,928 shares issued and 278,226,242 shares outstanding at December 31, 2021 3.0 3.0
Additional paid-in capital 639.1 628.5
Accumulated deficit (34.9) (64.3)
Accumulated other comprehensive loss (6.6) (5.3)
Treasury stock, at cost, 20,830,454 shares as of March 31, 2022; 20,094,686 shares as of December 31, 2021 (234.1) (215.2)
Total stockholders’ equity 366.5 346.7
Total liabilities and stockholders’ equity $ 1,436.3 $ 1,449.3