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Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 647.8 $ 59.1
Restricted cash 1.8 1.8
Receivables, less allowance ($20.5 in 2020 and $12.1 in 2019) 200.0 290.0
Prepaid lease and franchise costs 6.6 8.6
Prepaid MTA equipment deployment costs 4.1 55.4
Other prepaid expenses 15.0 15.8
Other current assets 12.4 5.1
Total current assets 887.7 435.8
Noncurrent assets:    
Property and equipment, net 657.8 666.2
Goodwill 2,082.1 2,083.1
Intangible assets 559.3 550.9
Operating lease assets 1,452.3 1,457.0
Prepaid MTA equipment deployment costs 195.7 116.1
Other assets 52.2 73.2
Total assets 5,887.1 5,382.3
Current liabilities:    
Accounts payable 45.8 67.9
Accrued compensation 25.6 56.1
Accrued interest 27.0 26.4
Accrued lease and franchise costs 48.2 55.3
Other accrued expenses 34.3 34.2
Deferred revenues 38.3 29.0
Short-term debt 80.0 195.0
Short-term operating lease liabilities 182.2 168.3
Other current liabilities 26.3 17.8
Total current liabilities 507.7 650.0
Noncurrent liabilities:    
Long-term debt, net 2,618.4 2,222.1
Deferred income tax liabilities, net 14.2 18.0
Asset retirement obligation 35.2 35.1
Operating lease liabilities 1,274.2 1,285.1
Other liabilities 50.7 45.6
Total liabilities 4,500.4 4,255.9
Commitments and contingencies
Preferred stock (2020 50.0 shares authorized, and 0.4 shares of Series A Preferred Stock issued and outstanding; 2019- 50.0 shares authorized, and no shares issued and outstanding 383.4 0.0
Stockholders’ equity:    
Common stock (2020 - 450.0 shares authorized, and 144.4 shares issued and outstanding; 2019 - 450.0 shares authorized, and 143.6 issued and outstanding) 1.4 1.4
Additional paid-in capital 2,078.8 2,074.7
Distribution in excess of earnings (1,077.2) (964.6)
Accumulated other comprehensive loss (26.9) (17.7)
Total stockholders' equity 976.1 1,093.8
Non-controlling interests 27.2 32.6
Total equity 1,386.7 1,126.4
Total liabilities and equity $ 5,887.1 $ 5,382.3