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Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 63.0 $ 46.9
Receivables, less allowance ($21.4 in 2025 and $20.6 in 2024) 306.3 305.3
Prepaid lease and transit franchise costs 2.8 4.0
Other prepaid expenses 21.1 17.8
Other current assets 11.7 11.8
Total current assets 404.9 385.8
Noncurrent assets:    
Property and equipment, net 642.5 648.9
Goodwill 2,006.4 2,006.4
Intangible assets 622.2 652.0
Operating lease assets 1,513.0 1,503.8
Other assets 21.5 18.3
Total assets 5,210.5 5,215.2
Current liabilities:    
Accounts payable 39.3 51.4
Accrued compensation 66.6 56.7
Accrued interest 23.9 34.5
Accrued lease and franchise costs 68.9 82.8
Other accrued expenses 58.0 54.3
Deferred revenues 42.4 42.8
Short-term debt 0.0 10.0
Short-term operating lease liabilities 179.0 168.7
Other current liabilities 32.6 19.6
Total current liabilities 510.7 520.8
Noncurrent liabilities:    
Long-term debt, net 2,582.3 2,482.5
Asset retirement obligation 34.0 33.9
Operating lease liabilities 1,361.0 1,351.8
Other liabilities 39.0 42.2
Total liabilities 4,527.0 4,431.2
Commitments and contingencies
Redeemable noncontrolling interests 19.6 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 167.2 shares issued and outstanding; 2024 - 450.0 shares authorized, and 166.0 issued and outstanding) 1.7 1.7
Additional paid-in capital 2,494.5 2,493.6
Distribution in excess of earnings (1,953.4) (1,846.2)
Accumulated other comprehensive loss (0.2) (0.1)
Total stockholders' equity 542.6 649.0
Non-controlling interests 1.5 1.6
Total liabilities and equity $ 5,210.5 $ 5,215.2