v3.25.2
DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
Proceeds received at closing$137.7 
Net assets at closing(84.1)
Total gain on sale included in Other operating expenses (1)$53.6 
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(1)Excludes an estimated 377.9 million ZAR (approximately $20.8 million at the date of closing) of taxes, of which 131.5 million ZAR (approximately $7.4 million) remains payable as of June 30, 2025.
Proceeds received at closing$2,158.8 
Net assets at closing(2,257.6)
Loss on sale$(98.8)
Deal costs(20.5)
Contingent liability for tax indemnification(53.9)
Reclassification of cumulative translation adjustment(1,072.3)
Total loss on sale included in loss from discontinued operations, net of taxes$(1,245.5)
The following table presents key components of Income from discontinued operations, net of taxes in the consolidated statements of operations:
 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Revenue$— $355.6 $— $677.1 
Cost of operations— (172.6)— (342.0)
Depreciation, amortization and accretion— (41.1)— (81.7)
Selling, general, administrative and development expense— (16.0)— (28.7)
Other operating income (expense)— 2.2 — (1.0)
Operating income— 128.1 — 223.7 
Interest income— 9.3 — 26.3 
Interest expense— (2.7)— (5.6)
Other income, net— 46.4 — 46.3 
Income from discontinued operations before taxes$— $181.1 $— $290.7 
Income tax provision— (42.6)— (60.5)
Income from discontinued operations, net of taxes$— $138.5 $— $230.2 
The following table presents key cash flow and non-cash information related to discontinued operations.
 Six Months Ended June 30,
 20252024
Capital expenditures— (44.3)
Significant non-cash items:
Depreciation, amortization and accretion— 81.7 
Stock-based compensation expense— 4.1 
Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses— (3.0)
Loss (gain) on investments, unrealized foreign currency loss (gain) and other non-cash expense— (44.0)