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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 444.3 $ 533.7
Short-term investments 0.8 0.5
Trade receivables 3.2 16.0
Inventory 8.1 16.3
Prepaid expenses and other current assets 35.0 64.4
Total current assets 491.4 630.9
Investment in Ceridian, at fair value - see Note A 993.4 0.0
Investments in unconsolidated affiliates 759.2 836.5
Lease assets 145.0 192.9
Property and equipment, net 137.9 162.6
Other intangible assets, net 38.3 63.1
Goodwill 53.5 66.1
Fixed maturity securities available for sale, at fair value 26.1 19.2
Deferred tax asset 0.0 54.5
Other long term investments and non-current assets 60.3 66.4
Total assets 2,705.1 2,092.2
Current liabilities:    
Accounts payable and other accrued liabilities, current 57.8 86.4
Lease liabilities, current 26.7 41.5
Income taxes payable 45.1 37.4
Deferred revenue 16.2 26.4
Notes payable, current 6.3 7.0
Total current liabilities 152.1 198.7
Lease liabilities, long term 138.4 199.7
Deferred tax liability 124.5 0.0
Notes payable, long term 42.6 120.1
Accounts payable and other accrued liabilities, long term 42.5 43.9
Total liabilities 500.1 562.4
Commitments and contingencies - see Note G
Equity:    
Cannae common stock, $0.0001 par value; authorized 115,000,000 shares as of March 31, 2020 and December 31, 2019; outstanding of 79,130,316 and 79,516,833 shares as of March 31, 2020 and December 31, 2019, respectively, and issued of 79,727,972 shares as of March 31, 2020 and December 31, 2019, respectively 0.0 0.0
Preferred stock, $0.0001 par value; authorized 10,000,000 shares; issued and outstanding, none as of March 31, 2020 and December 31, 2019 0.0 0.0
Retained earnings 791.3 143.6
Additional paid-in capital 1,406.1 1,396.7
Less: Treasury stock, 597,656 and 211,139 shares as of March 31, 2020 and December 31, 2019, respectively, at cost (16.7) (5.9)
Accumulated other comprehensive loss (0.2) (45.9)
Total Cannae shareholders' equity 2,180.5 1,488.5
Noncontrolling interests 24.5 41.3
Total equity 2,205.0 1,529.8
Total liabilities and equity $ 2,705.1 $ 2,092.2