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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 405.9 $ 533.7
Short-term investments 0.0 0.5
Trade receivables 5.7 16.0
Inventory 6.4 16.3
Prepaid expenses and other current assets 75.1 64.4
Total current assets 493.1 630.9
Equity securities, at fair value - see Note A 1,516.6 0.0
Investments in unconsolidated affiliates 1,413.2 836.5
Lease assets 131.8 192.9
Property and equipment, net 127.2 162.6
Other intangible assets, net 37.4 63.1
Goodwill 53.5 66.1
Fixed maturity securities available for sale, at fair value 34.5 19.2
Deferred tax asset 0.0 54.5
Other long term investments and non-current assets 61.3 66.4
Total assets 3,868.6 2,092.2
Current liabilities:    
Accounts payable and other accrued liabilities, current 72.6 86.4
Lease liabilities, current 26.7 41.5
Income taxes payable 11.8 37.4
Deferred revenue 14.7 26.4
Notes payable, current 33.2 7.0
Total current liabilities 159.0 198.7
Lease liabilities, long term 123.3 199.7
Deferred tax liability 231.1 0.0
Notes payable, long term 37.1 120.1
Accounts payable and other accrued liabilities, long term 46.1 43.9
Total liabilities 596.6 562.4
Commitments and contingencies - see Note G
Equity:    
Cannae common stock, 0.0001 par value; authorized 115,000,000 shares as of September 30, 2020 and December 31, 2019; outstanding of 91,656,245 and 79,516,833 shares as of September 30, 2020 and December 31, 2019, respectively, and issued of 92,377,972 and 79,727,972 shares as of September 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 September 30, 2020 and December 31, 2019 0.0 0.0
Retained earnings 1,398.5 143.6
Additional paid-in capital 1,871.7 1,396.7
Less: Treasury stock, 721,727 and 211,139 shares as of September 30, 2020 and December 31, 2019, respectively, at cost (20.3) (5.9)
Accumulated other comprehensive earnings (loss) 10.1 (45.9)
Total Cannae shareholders' equity 3,260.0 1,488.5
Noncontrolling interests 12.0 41.3
Total equity 3,272.0 1,529.8
Total liabilities and equity $ 3,868.6 $ 2,092.2