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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Operating Activities:      
Net Income (Loss) $ (27.2) $ (28.9)  
Adjustments to reconcile net loss to net cash flow provided by operating activities:      
Net income attributable to non-controlling interests 0.1 0.2  
Depreciation and amortization 36.1 41.9  
Deferred tax provision 1.0 1.0  
Stock-based compensation 7.2 7.8  
Provision for doubtful accounts 1.1 1.4  
Accretion expense 0.8 0.8  
Net loss on dispositions 0.1 0.3  
Equity in earnings of investee companies, net of tax 0.2 0.8  
Distributions from investee companies 0.7 0.8  
Amortization of deferred financing costs and debt discount 1.6 1.6  
Change in assets and liabilities, net of investing and financing activities:      
Decrease in receivables 34.9 54.0  
Increase in prepaid MTA equipment deployment costs 0.0 (18.8)  
Increase in prepaid expenses and other current assets (2.0) (1.0)  
Decrease in accounts payable and accrued expenses (41.6) (70.9)  
Increase in operating lease assets and liabilities 3.6 4.2  
Increase in deferred revenues 14.7 19.5  
Increase (decrease) in income taxes 1.2 (4.2)  
Decrease in assets and liabilities held for sale, net (0.5) 0.0  
Other, net (1.4) (1.1)  
Net cash flow provided by operating activities 30.6 9.4  
Investing Activities:      
Capital expenditures (18.4) (22.6)  
Acquisitions (6.0) (5.1)  
MTA franchise rights 0.0 (0.1)  
Net proceeds from dispositions 5.4 0.1  
Net cash flow used for investing activities (19.0) (27.7)  
Financing Activities:      
Proceeds from borrowings under short-term debt facilities 65.0 85.0  
Repayments of borrowings under short-term debt facilities (10.0) 0.0  
Payments of deferred financing costs (0.1) 0.0  
Taxes withheld for stock-based compensation (7.4) (12.3)  
Dividends (52.4) (52.0)  
Net cash flow provided by (used for) financing activities (4.9) 20.7  
Effect of exchange rate changes on cash and cash equivalents (0.3) 0.0  
Net increase in cash and cash equivalents 6.4 2.4  
Cash, cash equivalents at beginning of period 36.0 40.4 $ 40.4
Cash and cash equivalents at end of period 42.4 42.8 $ 36.0
Supplemental disclosure of cash flow Information:      
Cash paid for income taxes 0.1 3.6  
Cash paid for interest 51.2 49.2  
Non-cash investing and financing activities:      
Accrued purchases of property and equipment 8.0 5.9  
Accrued MTA franchise rights 0.0 3.0  
Taxes withheld for stock-based compensation $ 0.1 $ 0.0