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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 922.7 $ 533.7
Short-term investments 100.0 0.5
Trade receivables 4.2 16.0
Inventory 6.6 16.3
Prepaid expenses and other current assets 49.9 64.4
Total current assets 1,083.4 630.9
Equity securities, at fair value - see Note A 1,446.5 0.0
Investments in unconsolidated affiliates 799.7 836.5
Lease assets 139.4 192.9
Property and equipment, net 132.5 162.6
Other intangible assets, net 37.9 63.1
Goodwill 53.5 66.1
Fixed maturity securities available for sale, at fair value 33.9 19.2
Deferred tax asset 0.0 54.5
Other long term investments and non-current assets 61.8 66.4
Total assets 3,788.6 2,092.2
Current liabilities:    
Accounts payable and other accrued liabilities, current 64.5 86.4
Lease liabilities, current 27.1 41.5
Income taxes payable 75.5 37.4
Deferred revenue 15.7 26.4
Notes payable, current 6.0 7.0
Total current liabilities 188.8 198.7
Lease liabilities, long term 132.0 199.7
Deferred tax liability 226.0 0.0
Notes payable, long term 64.4 120.1
Accounts payable and other accrued liabilities, long term 43.6 43.9
Total liabilities 654.8 562.4
Commitments and contingencies - see Note G
Equity:    
Cannae common stock, 0.0001 par value; authorized 115,000,000 shares as of June 30, 2020 and December 31, 2019; outstanding of 91,656,245 and 79,516,833 shares as of June 30, 2020 and December 31, 2019, respectively, and issued of 92,377,972 and 79,727,972 shares as of June 30, 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 June 30, 2020 and December 31, 2019 0.0 0.0
Retained earnings 1,266.6 143.6
Additional paid-in capital 1,868.4 1,396.7
Less: Treasury stock, 721,727 and 211,139 shares as of June 30, 2020 and December 31, 2019, respectively, at cost (20.3) (5.9)
Accumulated other comprehensive earnings (loss) 3.2 (45.9)
Total Cannae shareholders' equity 3,117.9 1,488.5
Noncontrolling interests 15.9 41.3
Total equity 3,133.8 1,529.8
Total liabilities and equity $ 3,788.6 $ 2,092.2