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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 29.8 $ 12.4
Accounts receivable, net 159.0 167.7
Prepaid expenses and other current assets 17.2 16.7
Total current assets 206.0 196.8
Property and equipment, net 63.3 60.2
Right-of-use assets 160.5 166.9
Goodwill 543.3 543.2
Other intangible assets, net 66.1 68.9
Deferred taxes 43.9 44.4
Other noncurrent assets, net 42.4 41.0
Total noncurrent assets 919.5 924.6
Total assets 1,125.5 1,121.4
Liabilities    
Accounts payable 140.4 133.4
Accrued and other current liabilities 108.7 137.6
Short-term lease liabilities 57.1 60.2
Current portion of long-term borrowings 12.3 12.4
Total current liabilities 318.5 343.6
Long-term borrowings, excluding current portion 364.5 331.8
Long-term lease liabilities 150.5 158.5
Other noncurrent liabilities 66.7 61.8
Total noncurrent liabilities 581.7 552.1
Total liabilities 900.2 895.7
Stockholders’ equity    
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized as of March 31, 2023 and December 31, 2022, respectively; no shares issued or outstanding 0.0 0.0
Common stock, par value $0.001 per share; 50,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 23,425,135 and 19,630,393 shares issued and outstanding as of March 31, 2023, respectively, and 23,276,329 and 19,767,287 shares issued and outstanding as of December 31, 2022, respectively 0.0 0.0
Treasury stock, at cost; 3,794,742 and 3,509,042 shares as of March 31, 2023 and December 31, 2022, respectively (130.5) (120.0)
Additional paid-in capital 275.3 274.2
Accumulated other comprehensive loss (1.6) (1.8)
Retained earnings 82.0 73.6
Total SP Plus Corporation stockholders’ equity 225.2 226.0
Noncontrolling interest 0.1 (0.3)
Total stockholders’ equity 225.3 225.7
Total liabilities and stockholders’ equity $ 1,125.5 $ 1,121.4