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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 178.3 $ 352.2
Restricted cash 0.6 1.2
Accounts receivable, less allowances of $10.9 million and $6.2 million, respectively 376.0 105.3
Inventories 604.0 533.5
Prepaid expenses 57.2 54.2
Other current assets 125.6 119.3
Total current assets 1,341.7 1,165.7
Property, plant and equipment, net 1,600.1 1,451.4
Operating lease right-of-use assets, net 1,425.9 1,384.5
Intangible assets, net 1,507.2 1,528.6
Goodwill 1,982.7 1,960.1
Other assets 298.6 257.5
Total assets 8,156.2 7,747.8
Current liabilities:    
Accounts payable and accrued expenses 531.8 491.2
Accrued employee compensation and benefits 112.4 128.9
Asset-based credit facilities 98.9 9.1
Operating lease liabilities, short-term 70.2 72.3
Construction advances 85.8 22.9
Deferred revenue 91.8 93.9
Other current liabilities 45.4 47.7
Total current liabilities 1,036.3 866.0
Long-term liabilities:    
Long-term debt, net (Note 6) 1,067.4 1,025.3
Operating lease liabilities, long-term 1,450.0 1,385.4
Deemed landlord financing obligations, long-term 504.6 460.6
Deferred taxes, net 119.3 163.6
Other long-term liabilities 188.4 164.0
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Preferred stock, $0.01 par value, 3.0 million shares authorized, none issued and outstanding at June 30, 2022 and December 31, 2021 0.0 0.0
Common stock, $0.01 par value, 360.0 million shares authorized, 186.2 million shares issued at June 30, 2022 and December 31, 2021 1.9 1.9
Additional paid-in capital 2,995.7 3,051.6
Retained earnings 886.7 682.2
Accumulated other comprehensive loss (60.0) (27.3)
Less: Common stock held in treasury, at cost, 1.4 million shares and 1.0 million shares at June 30, 2022 and December 31, 2021, respectively (34.1) (25.5)
Total shareholders’ equity 3,790.2 3,682.9
Total liabilities and shareholders’ equity $ 8,156.2 $ 7,747.8