v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 778.4 $ 428.5
Restricted cash 41.1 48.8
Receivables, net 125.6 156.0
Other current assets 93.1 97.2
Total current assets 1,038.2 730.5
Property, net 1,315.3 1,374.2
Operating lease right-of-use assets, net 2,964.2 3,137.3
Intangible assets, net 146.0 147.4
Goodwill 2,377.6 2,416.1
Other long-term assets 202.3 212.3
Total assets 8,043.6 8,017.8
Current liabilities:    
Accounts payable 396.7 382.9
Accrued expenses and other liabilities 332.1 338.2
Deferred revenues and income 452.6 465.5
Current maturities of corporate borrowings 148.9 19.9
Current maturities of finance lease liabilities 7.4 5.8
Current maturities of operating lease liabilities 560.4 560.0
Total current liabilities 1,898.1 1,772.3
Corporate borrowings 3,702.7 4,018.6
Finance lease liabilities 45.2 46.7
Operating lease liabilities 3,250.6 3,485.0
Exhibitor services agreement 455.9 459.1
Deferred tax liability, net 36.1 35.7
Other long-term liabilities 107.7 95.2
Total liabilities 9,496.3 9,912.6
Commitments and contingencies
Stockholders' deficit:    
Preferred stock, $.01 par value per share, 50,000,000 shares authorized; no shares issued and outstanding as of June 30, 2026, and December 31, 2025
Class A common stock ($.01 par value, 1,100,000,000 shares authorized; 892,604,638 shares issued and outstanding as of June 30, 2026; 1,100,000,000 authorized; 512,943,561 shares issued and outstanding as of December 31, 2025) 8.9 5.1
Additional paid-in capital 7,719.8 7,121.5
Accumulated other comprehensive loss (73.7) (42.2)
Accumulated deficit (9,107.7) (8,979.2)
Total stockholders' deficit (1,452.7) (1,894.8)
Total liabilities and stockholders' deficit $ 8,043.6 $ 8,017.8