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Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 355.7 $ 424.8
Receivables, less allowance ($20.3 in 2022 and $18.5 in 2021) 265.0 310.5
Prepaid lease and franchise costs 10.3 12.5
Other prepaid expenses 18.5 17.8
Other current assets 11.2 11.7
Total current assets 660.7 777.3
Noncurrent assets:    
Property and equipment, net 652.1 647.9
Goodwill 2,078.3 2,077.8
Intangible assets 609.5 614.9
Operating lease assets 1,503.5 1,485.5
Prepaid MTA equipment deployment costs 295.2 279.8
Other assets 43.7 41.5
Total assets 5,843.0 5,924.7
Current liabilities:    
Accounts payable 52.6 64.9
Accrued compensation 43.2 74.5
Accrued interest 17.4 30.7
Accrued lease and franchise costs 50.1 60.1
Other accrued expenses 46.6 40.3
Deferred revenues 43.0 30.9
Short-term operating lease liabilities 194.3 187.5
Other current liabilities 18.6 18.8
Total current liabilities 465.8 507.7
Noncurrent liabilities:    
Long-term debt, net 2,621.9 2,620.6
Deferred income tax liabilities, net 18.5 17.2
Asset retirement obligation 36.9 36.4
Operating lease liabilities 1,319.4 1,308.4
Other liabilities 41.6 43.9
Total liabilities 4,504.1 4,534.2
Commitments and contingencies
Preferred stock (2022 - 50.0 shares authorized, and 0.1 shares of Series A Preferred Stock issued and outstanding; 2021 - 50.0 shares authorized, and 0.4 shares of Series A Preferred Stock issued and outstanding) 119.8 383.4
Stockholders’ equity:    
Common stock (2022 - 450.0 shares authorized, and 164.0 shares issued and outstanding; 2021 - 450.0 shares authorized, and 145.6 issued and outstanding) 1.6 1.5
Additional paid-in capital 2,391.3 2,119.0
Distribution in excess of earnings (1,176.8) (1,122.0)
Accumulated other comprehensive loss (1.4) (4.4)
Total stockholders' equity 1,214.7 994.1
Non-controlling interests 4.4 13.0
Total equity 1,338.9 1,390.5
Total liabilities and equity $ 5,843.0 $ 5,924.7