v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 93.6 $ 105.8
Accounts receivable, net of allowance for credit losses and accrued customer credits of $12.2 and $10.7, respectively 265.8 266.5
Prepaid expenses 129.3 84.4
Other current assets 46.4 61.1
Total current assets 535.1 517.8
Property, equipment and software, net 587.1 596.3
Goodwill, net 738.8 740.1
Intangible assets, net 667.1 698.3
Operating right-of-use assets 133.0 144.6
Other non-current assets 104.3 102.7
Total assets 2,765.4 2,799.8
Current liabilities:    
Accounts payable and accrued expenses 413.6 413.9
Accrued compensation and benefits 70.1 85.4
Deferred revenue 130.4 94.6
Debt 26.6 27.3
Accrued interest 5.2 5.4
Operating lease liabilities 53.8 54.7
Finance lease liabilities 52.8 48.0
Financing obligations 10.0 14.0
Other current liabilities 23.1 23.4
Total current liabilities 785.6 766.7
Non-current liabilities:    
Debt 2,681.9 2,718.7
Operating lease liabilities 75.8 84.2
Finance lease liabilities 287.5 297.7
Financing obligations 38.9 39.3
Deferred income taxes 35.1 34.7
Other non-current liabilities 77.3 78.0
Total liabilities 3,982.1 4,019.3
Commitments and Contingencies (Note 8)
Stockholders' deficit:    
Preferred stock, $0.01 par value per share: 5.0 shares authorized; no shares issued or outstanding 0.0 0.0
Common stock, $0.01 par value per share: 1,495.0 shares authorized; 248.4 and 252.2 shares issued; 245.3 and 249.1 shares outstanding, respectively 2.5 2.5
Additional paid-in capital 2,713.5 2,709.7
Accumulated other comprehensive income (loss) (1.8) 7.5
Accumulated deficit (3,899.9) (3,908.2)
Treasury stock, at cost; 3.1 shares held (31.0) (31.0)
Total stockholders' deficit (1,216.7) (1,219.5)
Total liabilities and stockholders' deficit $ 2,765.4 $ 2,799.8