v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 423.7 $ 632.3
Restricted cash 51.4 48.5
Receivables, net 123.6 168.1
Other current assets 110.1 98.3
Total current assets 708.8 947.2
Property, net 1,416.9 1,442.3
Operating lease right-of-use assets, net 3,293.8 3,220.1
Intangible assets, net 148.2 144.3
Goodwill 2,393.4 2,301.1
Other long-term assets 212.8 192.5
Total assets 8,173.9 8,247.5
Current liabilities:    
Accounts payable 305.1 378.3
Accrued expenses and other liabilities 318.9 340.6
Deferred revenues and income 423.1 432.4
Current maturities of corporate borrowings 20.0 64.2
Current maturities of finance lease liabilities 5.2 4.4
Current maturities of operating lease liabilities 548.6 524.9
Total current liabilities 1,620.9 1,744.8
Corporate borrowings 3,989.2 4,010.9
Finance lease liabilities 47.9 44.9
Operating lease liabilities 3,663.3 3,627.6
Exhibitor services agreement 461.9 464.0
Deferred tax liability, net 35.1 33.9
Other long-term liabilities 81.0 81.9
Total liabilities 9,899.3 10,008.0
Commitments and contingencies
Stockholders' deficit:    
Preferred stock, $.01 par value per share, 50,000,000 shares authorized; no shares issued and outstanding as of June 30, 2025, and December 31, 2024
Class A common stock ($.01 par value, 550,000,000 shares authorized; 433,143,561 shares issued and outstanding as of June 30, 2025; 550,000,000 authorized; 414,417,797 shares issued and outstanding as of December 31, 2024) 4.3 4.1
Additional paid-in capital 6,892.1 6,714.2
Accumulated other comprehensive loss (68.2) (132.0)
Accumulated deficit (8,553.6) (8,346.8)
Total stockholders' deficit (1,725.4) (1,760.5)
Total liabilities and stockholders' deficit $ 8,173.9 $ 8,247.5