v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 509.7 $ 418.0
Short-term investments 150.6 127.7
Accounts receivable, net 207.2 222.9
Prepaid expenses and other current assets 68.8 57.8
Income tax receivable 8.4 5.6
Total current assets 944.7 832.0
Restricted cash, non-current 9.7 6.1
Property and equipment, net 56.9 52.1
Operating lease right-of-use assets, net 67.4 63.0
Intangible assets, net 364.5 395.6
Goodwill 1,692.7 1,692.7
Deferred tax assets 3,937.7 3,977.9
Deferred costs and other assets, net of current portion 118.6 117.0
Total assets 7,192.2 7,136.4
Current liabilities:    
Accounts payable 22.9 35.6
Accrued expenses and other current liabilities 85.4 104.1
Unearned revenue, current portion 438.1 416.8
Income taxes payable 3.3 5.9
Current portion of tax receivable agreements liability 44.4 0.0
Current portion of operating lease liabilities 7.8 10.3
Current portion of long-term debt 6.0 0.0
Total current liabilities 607.9 572.7
Unearned revenue, net of current portion 5.0 3.1
Tax receivable agreements liability, net of current portion 2,923.0 2,978.7
Operating lease liabilities, net of current portion 73.9 67.9
Long-term debt, net of current portion 1,228.0 1,235.7
Deferred tax liabilities 1.8 1.0
Other long-term liabilities 5.6 5.5
Total liabilities 4,845.2 4,864.6
Commitments and Contingencies
Permanent Equity:    
Common stock, par value $0.01; 3,300,000,000 shares authorized, 401,302,563 and 404,083,262 issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 4.0 4.0
Preferred stock, par value $0.01; 200,000,000 shares authorized, 0 and 0 issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 0.0 0.0
Additional paid-in capital 2,047.2 2,052.1
Accumulated other comprehensive income (loss) 37.2 39.7
Retained Earnings 258.6 176.0
Total equity 2,347.0 2,271.8
Total liabilities and permanent equity $ 7,192.2 $ 7,136.4