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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and equivalents $ 255.3 $ 281.3
Trade and other receivables, net 82.8 80.4
Prepaid expenses and other current assets 68.9 57.9
Total current assets before customer trust funds 407.0 419.6
Customer trust funds 3,649.5 3,204.1
Total current assets 4,056.5 3,623.7
Right of use lease asset 34.8 32.0
Property, plant, and equipment, net 124.6 128.3
Goodwill 1,939.5 1,973.5
Other intangible assets, net 176.5 177.9
Other assets 138.2 150.3
Total assets 6,470.1 6,085.7
Current liabilities:    
Current portion of long-term debt 9.7 10.8
Current portion of long-term lease liabilities 8.4 8.8
Accounts payable 34.9 43.2
Deferred revenue 26.8 25.5
Employee compensation and benefits 49.3 75.9
Other accrued expenses 18.4 13.9
Total current liabilities before customer trust funds obligations 147.5 178.1
Customer trust funds obligations 3,605.2 3,193.6
Total current liabilities 3,752.7 3,371.7
Long-term debt, less current portion 665.0 666.3
Employee benefit plans 113.9 117.2
Long-term lease liabilities, less current portion 32.8 30.1
Other liabilities 20.1 18.1
Total liabilities 4,584.5 4,203.4
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, $0.01 par, 500,000,000 shares authorized, 144,937,946 and 144,386,618 shares issued and outstanding as of March 31, 2020, and December 31, 2019, respectively 1.4 1.4
Additional paid in capital 2,473.0 2,449.1
Accumulated deficit (221.2) (229.8)
Accumulated other comprehensive loss (367.6) (338.4)
Total stockholders’ equity 1,885.6 1,882.3
Total liabilities and equity $ 6,470.1 $ 6,085.7