XML 15 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 28.5 $ 46.9
Receivables, less allowance ($21.0 in 2025 and $20.6 in 2024) 299.6 305.3
Prepaid lease and transit franchise costs 2.8 4.0
Other prepaid expenses 14.2 17.8
Other current assets 10.0 11.8
Total current assets 355.1 385.8
Noncurrent assets:    
Property and equipment, net 647.5 648.9
Goodwill 2,006.4 2,006.4
Intangible assets 635.2 652.0
Operating lease assets 1,486.7 1,503.8
Other assets 18.1 18.3
Total assets 5,149.0 5,215.2
Current liabilities:    
Accounts payable 40.6 51.4
Accrued compensation 48.9 56.7
Accrued interest 34.2 34.5
Accrued lease and franchise costs 66.3 82.8
Other accrued expenses 59.6 54.3
Deferred revenues 44.5 42.8
Short-term debt 70.0 10.0
Short-term operating lease liabilities 178.6 168.7
Other current liabilities 37.8 19.6
Total current liabilities 580.5 520.8
Noncurrent liabilities:    
Long-term debt, net 2,484.8 2,482.5
Asset retirement obligation 34.3 33.9
Operating lease liabilities 1,331.0 1,351.8
Other liabilities 38.6 42.2
Total liabilities 4,469.2 4,431.2
Commitments and contingencies
Redeemable noncontrolling interests 19.4 13.6
Preferred Stock (2025- 50.0 shares authorized, and 0.1 shares of Series A Preferred Stock issued and outstanding; 2024 - 50.0 shares authorized, and 0.1 shares of Series A Preferred Stock issued and outstanding) 119.8 119.8
Stockholders’ equity:    
Common stock (2025 - 450.0 shares authorized, and 167.1 shares issued and outstanding; 2024 - 450.0 shares authorized, and 166.0 issued and outstanding) 1.7 1.7
Additional paid-in capital 2,489.8 2,493.6
Distribution in excess of earnings (1,952.3) (1,846.2)
Accumulated other comprehensive loss (0.1) (0.1)
Total stockholders' equity 539.1 649.0
Non-controlling interests 1.5 1.6
Total liabilities and equity $ 5,149.0 $ 5,215.2