v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (23.6) $ (562.9)
Adjustments to reconcile net loss to net cash used for operating activities:    
Depreciation and amortization 19.8 19.5
Stock compensation 11.4 14.6
Credit loss expense 3.0 4.5
Operating lease right-of-use asset expense 2.0 3.0
Operating lease right-of-use asset impairment 0.0 3.2
Goodwill and other asset impairments 0.0 488.8
Deferred income taxes (4.0) (6.6)
Unrealized foreign exchange movements (8.2) 9.4
Other, net 0.4 0.3
Changes in assets and liabilities:    
Increase in accounts receivable and unbilled services, net (33.7) (70.5)
Decrease in prepaid expenses and other 11.4 17.6
Increase (decrease) in accounts payable 41.3 (28.4)
Increase in deferred revenue 6.6 10.4
Decrease in accrued expenses and other (43.4) (27.1)
Net cash used for operating activities (17.0) (124.2)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (8.0) (2.9)
Proceeds from sale of business, net 0.0 19.0
Net cash (used for) provided by investing activities (8.0) 16.1
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facilities 0.0 166.5
Payments on revolving credit facilities 0.0 (77.5)
Debt issuance costs 0.0 (0.6)
Net cash provided by financing activities 0.0 88.4
Effect of exchange rate changes on cash and cash equivalents (2.1) 2.8
Net change in cash and cash equivalents (27.1) (16.9)
Cash and cash equivalents at beginning of period 174.6 118.5
Cash and cash equivalents at end of period $ 147.5 $ 101.6