XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (358.0) $ (84.8)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 41.1 46.4
Non-cash lease expense 6.6 6.7
Stock-based compensation expense 32.4 38.9
Deferred income taxes 0.0 (3.0)
Unrecognized tax benefits (31.5) 1.2
Impairment of goodwill and long-lived assets 316.7 13.6
Gain on termination of lease 0.0 (3.1)
Gain on acquisition 0.0 (2.2)
Other non-cash adjustments 1.6 1.2
Changes in assets and liabilities:    
Prepaid expenses and other current assets (3.1) (4.6)
Trade accounts receivable 3.6 (12.7)
Inventory (4.1) (4.9)
Prepaid taxes 2.6 (0.1)
Other assets 1.3 (0.2)
Accounts payable 2.8 5.8
Accrued liabilities (20.8) (13.5)
Net cash used in operating activities (8.8) (15.3)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (10.9) (15.4)
Capitalization of intangible assets (10.5) (8.4)
Proceeds from the sale of businesses, net of cash sold 0.0 8.8
Proceeds from maturities and sales of marketable investment securities 0.0 9.0
Net cash used in investing activities (21.4) (6.0)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from common stock issued under stock-based compensation plans 2.7 3.0
Payment of tax withheld for common stock issued under stock-based compensation plans (6.1) (12.2)
Proceeds from revolving credit facility 40.0 100.0
Repayment of revolving credit facility (80.5) (100.0)
Proceeds from the issuance of secured long-term credit facility 125.0 0.0
Fees associated with the issuance of secured long-term credit facility (8.4) 0.0
Payment on finance leases (0.3) (0.3)
Net cash provided by (used in) financing activities 72.4 (9.5)
Effect of foreign exchange rates on cash, cash equivalents, and restricted cash 0.7 (0.3)
Net increase (decrease) in cash, cash equivalents, and restricted cash 42.9 (31.1)
Cash, cash equivalents, and restricted cash at beginning of the period 111.9 140.9
Cash, cash equivalents, and restricted cash at end of the period $ 154.8 $ 109.8