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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 405.9 $ 447.1
Short-term investments 34.3 82.2
Restricted cash, current 0.0 0.2
Accounts receivable, net 223.5 272.0
Prepaid expenses and other current assets 72.1 59.6
Income tax receivable 4.4 3.2
Total current assets 740.2 864.3
Restricted cash, non-current 8.9 8.9
Property and equipment, net 74.6 65.1
Operating lease right-of-use assets, net 106.8 80.7
Intangible assets, net 319.8 334.6
Goodwill 1,692.7 1,692.7
Deferred tax assets 3,694.3 3,707.1
Deferred costs and other assets, net of current portion 116.6 114.9
Total assets 6,753.9 6,868.3
Current liabilities:    
Accounts payable 18.0 34.4
Accrued expenses and other current liabilities 123.1 113.8
Unearned revenue, current portion 443.0 439.6
Income taxes payable 1.5 2.0
Current portion of tax receivable agreements liability 60.4 31.4
Current portion of operating lease liabilities 12.1 11.2
Current portion of long-term debt 6.0 6.0
Total current liabilities 664.1 638.4
Unearned revenue, net of current portion 1.3 2.3
Tax receivable agreements liability, net of current portion 2,735.6 2,786.6
Operating lease liabilities, net of current portion 115.4 89.9
Long-term debt, net of current portion 1,225.4 1,226.4
Deferred tax liabilities 2.1 1.9
Other long-term liabilities 4.1 3.5
Total liabilities 4,748.0 4,749.0
Commitments and Contingencies (Note 9)
Stockholders' Equity:    
Common stock, par value $0.01; 3,300,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 376,156,650 and 384,830,529 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 3.7 3.8
Preferred stock, par value $0.01; 200,000,000 shares authorized as of March 31, 2024 and December 31, 2023; zero issued and outstanding as of March 31, 2024 and December 31, 2023 0.0 0.0
Additional paid-in capital 1,676.3 1,804.9
Accumulated other comprehensive income 27.5 27.3
Retained earnings 298.4 283.3
Total stockholders' equity 2,005.9 2,119.3
Total liabilities and stockholders' equity $ 6,753.9 $ 6,868.3