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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net loss $ (25.8) $ (20.1)
Adjustments to reconcile net loss to cash used in operating activities    
Share-based compensation expense 0.8 0.4
Depreciation and amortization (including amounts in cost of revenue) 7.9 8.4
Amortization of deferred financing costs and debt discount 5.6 1.7
Net loss on extinguishment of debt 0.0 2.2
Loss from equity investees 5.9 1.2
Step-up of equity method investments and unrealized gains on marketable securities (4.6) 0.0
Deferred income tax expense 0.1 0.1
Other operating activities, net 0.3 1.2
Changes in assets and liabilities:    
Accounts receivable 29.2 9.0
Contract assets (29.0) 36.4
Other current assets 1.4 0.6
Inventory 1.1 0.6
Other assets 2.4 2.8
Accounts payable 19.3 (20.0)
Accrued liabilities (10.9) (20.6)
Contract liabilities (13.8) (28.1)
Other current liabilities 0.0 0.3
Other liabilities (4.0) (1.5)
Cash used in operating activities (14.1) (25.4)
Cash flows from investing activities    
Purchase of property, plant and equipment (4.7) (5.6)
Proceeds from disposal of property, plant and equipment 1.1 3.1
Loans to equity method investee 0.0 (1.2)
Purchase of investments (0.3) 0.0
Other investing activities 0.0 0.4
Cash used in investing activities (3.9) (3.3)
Cash flows from financing activities    
Proceeds from issuance of preferred stock 0.0 25.0
Proceeds from lines of credit 20.0 0.0
Payments on lines of credit (15.0) (30.0)
Principal payments for other debt obligations (2.2) (7.6)
Dividend payments (0.3) (0.3)
Other financing activities (0.1) 0.0
Cash provided by (used in) financing activities 2.4 (12.9)
Effects of exchange rate changes on cash, cash equivalents and restricted cash 0.2 (0.8)
Net decrease in cash and cash equivalents, including restricted cash (15.4) (42.4)
Cash, cash equivalents and restricted cash, beginning of period 49.3 82.3
Cash, cash equivalents and restricted cash, end of period $ 33.9 $ 39.9