v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 438.5 $ 684.2
Short-term investments 0.0 136.0
Restricted cash 0.2 1.5
Accounts receivable 163.2 161.8
Prepaid expenses and other current assets 108.9 80.4
Total current assets 710.8 1,063.9
Property and equipment, net 94.9 102.9
Operating lease right-of-use assets 109.2 124.2
Intangible assets other than goodwill, net 375.1 425.7
Goodwill 1,695.7 1,695.7
Deferred tax assets, net 173.6 173.2
Investments in unconsolidated entities 17.1 17.5
Other non-current assets 116.3 115.8
Total assets 3,292.7 3,718.9
Current liabilities    
Current maturities of long-term debt 11.0 11.1
Accounts payable 87.7 80.3
Contingent consideration 200.0 454.0
Operating lease liabilities 25.1 27.5
Accrued expenses and other current liabilities 301.2 395.0
Total current liabilities 625.0 967.9
Long-term debt 2,372.7 2,378.0
Contingent consideration 170.0 280.0
Operating lease liabilities 101.3 115.4
Deferred tax liabilities 4.3 8.2
Other long-term liabilities 419.3 380.8
Total liabilities 3,692.6 4,130.3
Commitments and contingencies (Note 8)
Stockholders' equity (deficit)    
Common stock of $0.01 par value; 1,600.0 shares authorized; 433.2 and 428.8 shares issued, respectively, and 381.4 and 377.0 shares outstanding, respectively 4.3 4.3
Treasury stock at cost, 51.8 shares (603.5) (603.5)
Additional paid-in capital 1,448.8 1,423.1
Accumulated other comprehensive income 11.2 15.9
Accumulated deficit (1,260.7) (1,251.2)
Total stockholders' deficit (399.9) (411.4)
Total liabilities and stockholders’ deficit $ 3,292.7 $ 3,718.9