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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and equivalents $ 206.3 $ 217.8
Trade and other receivables, net 68.8 63.9
Prepaids expenses and other current assets 55.3 48.9
Total current assets before customer trust funds 330.4 330.6
Customer trust funds 4,559.7 2,603.5
Total current assets 4,890.1 2,934.1
Right of use lease asset 39.9  
Property, plant, and equipment, net 103.9 104.4
Goodwill 1,944.9 1,927.4
Other intangible assets, net 184.3 187.5
Other assets 96.0 94.4
Total assets 7,259.1 5,247.8
Current liabilities:    
Current portion of long-term debt 6.8 6.8
Short-term lease liabilities 13.9  
Accounts payable 31.8 41.5
Deferred revenue 23.0 23.2
Employee compensation and benefits 38.9 54.5
Other accrued expenses 15.3 23.9
Total current liabilities before customer trust funds obligations 129.7 149.9
Customer trust funds obligations 4,554.0 2,619.7
Total current liabilities 4,683.7 2,769.6
Long-term debt, less current portion 662.1 663.5
Employee benefit plans 151.1 153.3
Long-term lease liabilities 32.7  
Other liabilities 42.7 45.9
Total liabilities 5,572.3 3,632.3
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, $0.01 par, 500,000,000 shares authorized, 140,675,332 and 139,453,710 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 1.4 1.4
Additional paid in capital 2,351.7 2,325.6
Accumulated deficit (297.3) (335.6)
Accumulated other comprehensive loss (369.0) (375.9)
Total stockholders’ equity 1,686.8 1,615.5
Total liabilities and equity $ 7,259.1 $ 5,247.8