v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 500.9 $ 565.8
Short-term investments 91.2 0.0
Restricted cash 1.5 1.9
Accounts receivable 194.0 187.6
Prepaid expenses and other current assets 128.9 117.5
Total current assets 916.5 872.8
Property and equipment, net 105.3 115.4
Operating lease right-of-use assets 115.5 89.9
Intangible assets other than goodwill, net 495.5 562.2
Goodwill 1,706.1 1,692.3
Deferred tax assets, net 116.8 119.0
Investments in unconsolidated entities 20.9 20.6
Other non-current assets 160.2 167.0
Total assets 3,636.8 3,639.2
Current liabilities    
Current maturities of long-term debt 11.1 11.6
Accounts payable 72.1 58.6
Operating lease liabilities, current 21.0 25.7
Accrued expenses and other current liabilities 560.3 463.0
Total current liabilities 664.5 558.9
Long-term debt 2,383.3 2,388.5
Contingent consideration 150.0 354.6
Other long-term liabilities 404.5 372.2
Operating lease liabilities, long-term 109.9 71.4
Deferred tax liabilities 12.4 24.7
Total liabilities 3,724.6 3,770.3
Commitments and contingencies (Note 9)
Stockholders' equity (deficit)    
Common stock of $0.01 par value; 1,600.0 shares authorized; 376.3 and 375.3 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 4.1 4.1
Treasury stock at cost (51.8 shares at both June 30, 2025 and December 31, 2024) (603.5) (603.5)
Additional paid-in capital 1,393.6 1,362.7
Accumulated other comprehensive income (loss) 23.6 (0.2)
Accumulated deficit (905.6) (894.2)
Total stockholders' deficit (87.8) (131.1)
Total liabilities and stockholders’ deficit $ 3,636.8 $ 3,639.2