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SCHEDULE II Condensed Financial Information of the Registrant
12 Months Ended
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]  
SCHEDULE II Condensed Financial Information of the Registrant
 
 
December 31,
 
2018
 
2017
Assets
 
 
 
 
Cash and cash equivalents
 
$
6.5

 
$
29.4

Restricted cash
 
0.8

 

Other current assets
 
0.5

 
0.6

Total current assets
 
7.8

 
30.0

Intercompany receivable
 
5.0

 

Investment in subsidiaries
 
642.6

 
500.6

Other assets
 
1.3

 
5.3

Total assets
 
$
656.7

 
$
535.9

 
 
 
 
 
Liabilities
 
 
 
 
Accounts payable
 
$
1.0

 
$
0.7

Accrued and other current liabilities
 
26.3

 
21.4

Total current liabilities
 
27.3

 
22.1

Intercompany payable
 
12.5

 
15.6

Debt obligations
 
491.7

 
393.8

Other liabilities
 
10.7

 
5.0

Total liabilities
 
542.2

 
436.5

 
 
 
 
 
Temporary equity
 
 
 
 
Preferred stock
 
26.4

 
26.3

 
 
 
 
 
Stockholders’ equity
 
 
 
 
Common stock
 

 

Additional paid-in capital
 
260.5

 
254.7

Treasury stock
 
(2.6
)
 
(2.1
)
Accumulated deficit
 
(57.2
)
 
(221.2
)
Accumulated other comprehensive income (loss)
 
(112.6
)
 
41.7

Total stockholders’ equity
 
88.1

 
73.1

Total liabilities, temporary equity and stockholders’ equity
 
$
656.7

 
$
535.9

 
 
For the years ended December 31,
 
2018
 
2017
 
2016
Revenue
 
$

 
$

 
$

Operating expenses
 
 
 
 
 
 
General and administrative
 
33.5

 
39.8

 
37.6

Depreciation and amortization
 
0.1

 
0.1

 

Total operating expenses
 
33.6

 
39.9

 
37.6

Loss from operations
 
(33.6
)
 
(39.9
)
 
(37.6
)
Interest expense
 
(57.0
)
 
(44.1
)
 
(36.0
)
Gain (loss) on contingent consideration
 

 
11.4

 
(11.4
)
Equity in net income (loss) of subsidiaries
 
244.0

 
15.4

 
0.4

Other income (expense)
 
2.0

 
0.1

 
1.3

Income (loss) before income taxes
 
155.4

 
(57.1
)
 
(83.3
)
Tax (benefit) expense
 
(6.6
)
 
(10.2
)
 
11.2

Net income (loss)
 
$
162.0

 
$
(46.9
)
 
$
(94.5
)
 
 
December 31,
 
2018
 
2017
 
2016
Net cash used by operating activities
 
$
(98.2
)
 
$
(32.9
)
 
$
(21.2
)
Cash flows from investing activities
 
 
 
 
 
 
Contributions to subsidiaries
 
(108.7
)
 
(24.1
)
 
(22.4
)
Return of capital from subsidiaries
 
81.9

 
13.2

 
31.1

Cash paid for business acquisitions, net of cash acquired
 

 
(2.6
)
 

Other investing activity
 

 
(0.1
)
 
(0.2
)
Net cash used in investing activities
 
(26.8
)
 
(13.6
)
 
8.5

Cash flows from financing activities
 
 
 
 
 
 
Proceeds from debt obligations
 
615.2

 
91.7

 

Principal payments on debt obligations
 
(510.0
)
 
(35.0
)
 

Purchase of noncontrolling interest
 

 

 
(1.4
)
Payment of dividends
 
(2.0
)
 
(2.1
)
 
(4.2
)
Proceeds from the exercise of warrants and stock options
 
0.3

 
0.5

 

Taxes paid in lieu of shares issued for share-based compensation
 
(0.6
)
 
(0.8
)
 
(1.0
)
Other financing activity
 

 
(0.1
)
 
(0.1
)
Net cash provided by financing activities
 
102.9

 
54.2

 
(6.7
)
Net change in cash and cash equivalents
 
(22.1
)
 
7.7

 
(19.4
)
Cash, cash equivalents and restricted cash, beginning of period
 
29.4

 
21.7

 
41.1

Cash, cash equivalents and restricted cash, end of period
 
$
7.3

 
$
29.4

 
$
21.7