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Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 49.6 $ 36.0
Receivables, less allowance ($18.6 in 2024 and $17.2 in 2023) 274.5 287.6
Prepaid lease and transit franchise costs 3.2 4.5
Other prepaid expenses 12.8 19.2
Assets held for sale 0.0 34.6
Other current assets 12.9 15.7
Total current assets 353.0 397.6
Noncurrent assets:    
Property and equipment, net 656.6 657.8
Goodwill 2,006.4 2,006.4
Intangible assets 666.2 695.4
Operating lease assets 1,550.9 1,591.9
Assets held for sale 0.0 214.3
Other assets 19.1 19.5
Total assets 5,252.2 5,582.9
Current liabilities:    
Accounts payable 43.1 55.5
Accrued compensation 38.7 41.4
Accrued interest 34.9 34.2
Accrued lease and franchise costs 67.5 80.0
Other accrued expenses 54.6 56.2
Deferred revenues 44.3 37.7
Short-term debt 30.0 65.0
Short-term operating lease liabilities 181.7 180.9
Liabilities held for sale 0.0 24.1
Other current liabilities 29.7 18.0
Total current liabilities 524.5 593.0
Noncurrent liabilities:    
Long-term debt, net 2,480.2 2,676.5
Asset retirement obligation 33.4 33.0
Operating lease liabilities 1,382.9 1,417.4
Liabilities held for sale 0.0 90.9
Other liabilities 42.9 42.0
Total liabilities 4,463.9 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 166.0 shares issued and outstanding; 2023 - 450.0 shares authorized, and 165.1 issued and outstanding) 1.7 1.7
Additional paid-in capital 2,439.3 2,432.2
Distribution in excess of earnings (1,775.8) (1,821.1)
Accumulated other comprehensive loss (0.3) (5.8)
Total stockholders' equity 664.9 607.0
Non-controlling interests 3.6 3.3
Total equity 788.3 730.1
Total liabilities and equity $ 5,252.2 $ 5,582.9