v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 339.2 $ 428.5
Restricted cash 41.7 48.8
Receivables, net 103.3 156.0
Other current assets 98.5 97.2
Total current assets 582.7 730.5
Property, net 1,324.8 1,374.2
Operating lease right-of-use assets, net 3,040.5 3,137.3
Intangible assets, net 146.4 147.4
Goodwill 2,391.9 2,416.1
Other long-term assets 198.5 212.3
Total assets 7,684.8 8,017.8
Current liabilities:    
Accounts payable 273.5 382.9
Accrued expenses and other liabilities 358.7 338.2
Deferred revenues and income 446.9 465.5
Current maturities of corporate borrowings 19.8 19.9
Current maturities of finance lease liabilities 5.8 5.8
Current maturities of operating lease liabilities 560.6 560.0
Total current liabilities 1,665.3 1,772.3
Corporate borrowings 3,944.1 4,018.6
Finance lease liabilities 44.2 46.7
Operating lease liabilities 3,354.8 3,485.0
Exhibitor services agreement 457.5 459.1
Deferred tax liability, net 36.1 35.7
Other long-term liabilities 109.3 95.2
Total liabilities 9,611.3 9,912.6
Commitments and contingencies
Stockholders' deficit:    
Preferred stock, $.01 par value per share, 50,000,000 shares authorized; no shares issued and outstanding as of March 31, 2026, and December 31, 2025
Class A common stock ($.01 par value, 1,100,000,000 shares authorized; 605,223,095 shares issued and outstanding as of March 31, 2026; 1,100,000,000 authorized; 512,943,561 shares issued and outstanding as of December 31, 2025) 6.1 5.1
Additional paid-in capital 7,221.4 7,121.5
Accumulated other comprehensive loss (57.7) (42.2)
Accumulated deficit (9,096.3) (8,979.2)
Total stockholders' deficit (1,926.5) (1,894.8)
Total liabilities and stockholders' deficit $ 7,684.8 $ 8,017.8