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Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 42.4 $ 36.0
Receivables, less allowance ($17.6 in 2024 and $17.2 in 2023) 251.7 287.6
Prepaid lease and transit franchise costs 3.3 4.5
Other prepaid expenses 15.8 19.2
Assets held for sale 31.8 34.6
Other current assets 14.4 15.7
Total current assets 359.4 397.6
Noncurrent assets:    
Property and equipment, net 657.1 657.8
Goodwill 2,006.4 2,006.4
Intangible assets 682.9 695.4
Operating lease assets 1,577.6 1,591.9
Assets held for sale 211.1 214.3
Other assets 19.5 19.5
Total assets 5,514.0 5,582.9
Current liabilities:    
Accounts payable 54.4 55.5
Accrued compensation 32.2 41.4
Accrued interest 23.2 34.2
Accrued lease and franchise costs 59.2 80.0
Other accrued expenses 56.2 56.2
Deferred revenues 52.4 37.7
Short-term debt 120.0 65.0
Short-term operating lease liabilities 185.6 180.9
Liabilities held for sale 21.4 24.1
Other current liabilities 17.6 18.0
Total current liabilities 622.2 593.0
Noncurrent liabilities:    
Long-term debt, net 2,677.8 2,676.5
Asset retirement obligation 33.3 33.0
Operating lease liabilities 1,400.8 1,417.4
Liabilities held for sale 90.8 90.9
Other liabilities 41.9 42.0
Total liabilities 4,866.8 4,852.8
Commitments and contingencies
Preferred Stock (2024- 50.0 shares authorized, and 0.1 shares of Series A Preferred Stock issued and outstanding; 2023 - 50.0 shares authorized, and 0.1 shares of Series A Preferred Stock issued and outstanding) 119.8 119.8
Stockholders’ equity:    
Common stock (2024 - 450.0 shares authorized, and 165.9 shares issued and outstanding; 2023 - 450.0 shares authorized, and 165.1 issued and outstanding) 1.7 1.7
Additional paid-in capital 2,431.9 2,432.2
Distribution in excess of earnings (1,900.5) (1,821.1)
Accumulated other comprehensive loss (8.9) (5.8)
Total stockholders' equity 524.2 607.0
Non-controlling interests 3.2 3.3
Total equity 647.2 730.1
Total liabilities and equity $ 5,514.0 $ 5,582.9