v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 574.9 $ 684.2
Short-term investments 19.7 136.0
Restricted cash 0.2 1.5
Accounts receivable 145.1 161.8
Prepaid expenses and other current assets 56.3 80.4
Total current assets 796.2 1,063.9
Property and equipment, net 88.3 102.9
Operating lease right-of-use assets 99.5 124.2
Intangible assets other than goodwill, net 346.7 425.7
Goodwill 1,695.7 1,695.7
Deferred tax assets, net 175.4 173.2
Investments in unconsolidated entities 17.1 17.5
Other non-current assets 132.0 115.8
Total assets 3,350.9 3,718.9
Current liabilities    
Current maturities of long-term debt 10.8 11.1
Accounts payable 51.6 80.3
Contingent consideration 320.0 454.0
Operating lease liabilities 23.8 27.5
Accrued expenses and other current liabilities 291.6 395.0
Total current liabilities 697.8 967.9
Long-term debt 2,370.3 2,378.0
Contingent consideration 130.0 280.0
Operating lease liabilities 94.0 115.4
Deferred tax liabilities 1.9 8.2
Other long-term liabilities 415.2 380.8
Total liabilities 3,709.2 4,130.3
Commitments and contingencies (Note 9)
Stockholders' equity (deficit)    
Common stock of $0.01 par value; 1,600.0 shares authorized; 434.5 and 428.8 shares issued, respectively, and 382.7 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 1,454.7 1,423.1
Accumulated other comprehensive income 6.5 15.9
Accumulated deficit (1,220.3) (1,251.2)
Total stockholders' deficit (358.3) (411.4)
Total liabilities and stockholders’ deficit $ 3,350.9 $ 3,718.9