v3.26.1
Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 31.2 $ 99.9
Receivables, less allowance ($26.2 in 2026 and $23.2 in 2025) 352.3 365.7
Prepaid lease and transit franchise costs 2.5 5.1
Other prepaid expenses 20.1 21.9
Other current assets 9.2 11.1
Total current assets 415.3 503.7
Noncurrent assets:    
Property and equipment, net 644.3 643.8
Goodwill 2,006.4 2,006.4
Intangible assets 598.5 612.0
Operating lease assets 1,573.5 1,521.5
Other assets 32.3 24.2
Total assets 5,270.3 5,311.6
Current liabilities:    
Accounts payable 36.0 50.2
Accrued compensation 51.6 78.3
Accrued interest 23.6 35.1
Accrued lease and franchise costs 72.7 72.2
Other accrued expenses 75.9 57.0
Deferred revenues 54.7 57.7
Short-term debt 100.0 0.0
Short-term operating lease liabilities 178.7 172.9
Other current liabilities 26.6 21.9
Total current liabilities 619.8 545.3
Noncurrent liabilities:    
Long-term debt, net 2,429.4 2,583.4
Asset retirement obligation 33.8 34.0
Operating lease liabilities 1,424.4 1,374.7
Other liabilities 42.5 40.3
Total liabilities 4,549.9 4,577.7
Commitments and contingencies
Redeemable noncontrolling interests 25.7 22.0
Stockholders’ equity:    
Common stock (2026 - 450.0 shares authorized, and 176.1 shares issued and outstanding; 2025 - 450.0 shares authorized, and 175.2 issued and outstanding) 1.8 1.8
Additional paid-in capital 2,611.5 2,619.3
Distribution in excess of earnings (1,920.1) (1,910.8)
Accumulated other comprehensive loss 0.1 0.1
Total stockholders' equity 693.3 710.4
Non-controlling interests 1.4 1.5
Total liabilities and equity $ 5,270.3 $ 5,311.6