XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 128.0 $ 144.0
Accounts receivable, net of allowance for credit losses and accrued customer credits of $27.0 and $23.9, respectively 269.0 298.8
Prepaid expenses 99.5 84.9
Other current assets 85.3 91.1
Total current assets 581.8 618.8
Property, equipment and software, net 594.0 601.0
Goodwill, net 737.3 735.7
Intangible assets, net 807.5 844.7
Operating right-of-use assets 138.1 134.6
Other non-current assets 107.4 119.3
Total assets 2,966.1 3,054.1
Current liabilities:    
Accounts payable and accrued expenses 388.9 389.6
Accrued compensation and benefits 82.4 96.7
Deferred revenue 75.8 84.2
Debt 25.8 29.2
Accrued interest 7.1 7.4
Operating lease liabilities 49.5 55.9
Finance lease liabilities 54.3 53.1
Financing obligations 16.6 16.4
Other current liabilities 34.4 34.1
Total current liabilities 734.8 766.6
Non-current liabilities:    
Debt 2,761.6 2,756.4
Operating lease liabilities 84.1 77.8
Finance lease liabilities 304.3 293.1
Financing obligations 32.0 39.2
Deferred income taxes 26.5 30.2
Other non-current liabilities 95.9 95.0
Total liabilities 4,039.2 4,058.3
Commitments and Contingencies (Note 8)
Stockholders' deficit:    
Preferred stock, $0.01 par value per share: 5.0 shares authorized; no shares issued or outstanding 0.0 0.0
Common stock, $0.01 par value per share: 1,495.0 shares authorized; 232.2 and 240.4 shares issued; 229.1 and 237.3 shares outstanding, respectively 2.4 2.3
Additional paid-in capital 2,690.3 2,682.8
Accumulated other comprehensive income 19.1 24.1
Accumulated deficit (3,753.9) (3,682.4)
Treasury stock, at cost; 3.1 shares held (31.0) (31.0)
Total stockholders' deficit (1,073.1) (1,004.2)
Total liabilities and stockholders' deficit $ 2,966.1 $ 3,054.1