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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and equivalents $ 371.2 $ 367.5
Restricted cash 1.0 1.9
Trade and other receivables, net 151.5 146.3
Prepaid expenses and other current assets 116.8 92.6
Total current assets before customer funds 640.5 608.3
Customer funds 5,397.0 3,535.8
Total current assets 6,037.5 4,144.1
Right of use lease asset 30.7 29.4
Property, plant, and equipment, net 141.4 128.2
Goodwill 2,302.2 2,323.6
Other intangible assets, net 312.5 332.5
Other assets 258.0 208.4
Total assets 9,082.3 7,166.2
Current liabilities:    
Current portion of long-term debt 8.3 8.3
Current portion of long-term lease liabilities 11.6 11.3
Accounts payable 51.0 51.7
Deferred revenue 42.3 48.7
Employee compensation and benefits 74.4 77.3
Other accrued expenses 23.8 24.7
Total current liabilities before customer funds obligations 211.4 222.0
Customer funds obligations 5,487.8 3,519.9
Total current liabilities 5,699.2 3,741.9
Long-term debt, less current portion 1,214.7 1,124.4
Employee benefit plans 19.8 20.7
Long-term lease liabilities, less current portion 30.9 32.7
Other liabilities 23.4 19.0
Total liabilities 6,988.0 4,938.7
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Common stock, $0.01 par, 500,000,000 shares authorized, 153,033,594 and 151,995,031 shares issued and outstanding, respectively 1.5 1.5
Additional paid in capital 2,869.9 2,860.0
Accumulated deficit (346.4) (309.2)
Accumulated other comprehensive loss (430.7) (324.8)
Total stockholders’ equity 2,094.3 2,227.5
Total liabilities and equity $ 9,082.3 $ 7,166.2