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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total operating revenues $ 139.7 $ 257.0 $ 415.3 $ 791.5
Operating expenses:        
Cost of restaurant revenue 121.7 220.1 375.6 678.7
Personnel costs 16.7 22.9 69.2 62.1
Depreciation and amortization 6.5 9.5 22.2 29.8
Other operating expenses 23.2 26.0 68.0 74.9
Goodwill impairment 0.0 0.0 7.7 0.0
Total operating expenses 168.1 278.5 542.7 845.5
Operating loss (28.4) (21.5) (127.4) (54.0)
Other income (expense):        
Interest, investment and other income 4.7 1.3 15.2 13.7
Interest expense (1.6) (5.2) (6.4) (14.4)
Recognized gains and losses, net 189.6 92.9 1,682.8 169.6
Total other income 192.7 89.0 1,691.6 168.9
Earnings before income taxes and equity in (losses) earnings of unconsolidated affiliates 164.3 67.5 1,564.2 114.9
Income tax expense 35.1 15.1 335.6 16.2
Earnings before equity in (losses) earnings of unconsolidated affiliates 129.2 52.4 1,228.6 98.7
Equity in earnings (losses) of unconsolidated affiliates (1.2) (8.3) 3.6 (50.8)
Earnings from continuing operations 128.0 44.1 1,232.2 47.9
Net losses from discontinued operations, net of tax - see Note L 0.0 (2.5) 0.0 (7.3)
Net earnings 128.0 41.6 1,232.2 40.6
Less: Net loss attributable to non-controlling interests (3.9) (4.6) (22.7) (12.2)
Net earnings attributable to Cannae Holdings, Inc. common shareholders 131.9 46.2 1,254.9 52.8
Amounts attributable to Cannae Holdings, Inc. common shareholders        
Net earnings from continuing operations attributable to Cannae Holdings, Inc. common shareholders 131.9 48.6 1,254.9 59.8
Net loss from discontinued operations attributable to Cannae Holdings, Inc. common shareholders 0.0 (2.4) 0.0 (7.0)
Net earnings attributable to Cannae Holdings, Inc. common shareholders $ 131.9 $ 46.2 $ 1,254.9 $ 52.8
Basic        
Net earnings per share from continuing operations (in usd per share) $ 1.44 $ 0.68 $ 14.97 $ 0.84
Net loss per share from discontinued operations (in usd per share) 0 (0.03) 0 (0.10)
Net earnings per share (in usd per share) 1.44 0.65 14.97 0.74
Diluted        
Net earnings per share from continuing operations (in usd per share) 1.44 0.68 14.94 0.83
Net loss per share from discontinued operations (in usd per share) 0 (0.04) 0 (0.10)
Net earnings per share (in usd per share) $ 1.44 $ 0.64 $ 14.94 $ 0.73
Weighted Average Shares Outstanding        
Weighted average shares outstanding Cannae Holdings common stock, basic basis (in shares) 91.3 71.6 83.8 71.6
Weighted average shares outstanding Cannae Holdings common stock, diluted basis (in shares) 91.6 71.9 84.0 71.9
Restaurant revenue        
Revenues:        
Total operating revenues $ 129.4 $ 247.7 $ 398.7 $ 772.0
Other operating revenue        
Revenues:        
Total operating revenues $ 10.3 $ 9.3 $ 16.6 $ 19.5