XML 10 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 17.8 $ 19.1
Accounts receivable, net 179.6 180.5
Prepaid expenses and other current assets 13.0 12.6
Total current assets 210.4 212.2
Property and equipment, net 72.3 68.3
Right-of-use assets 172.7 179.4
Goodwill 544.4 544.6
Other intangible assets, net 56.7 59.7
Deferred income taxes 41.9 42.8
Other noncurrent assets 44.0 44.9
Total noncurrent assets 932.0 939.7
Total assets 1,142.4 1,151.9
Liabilities    
Accounts payable 145.2 136.6
Accrued and other current liabilities 107.9 128.1
Short-term lease liabilities 54.3 56.2
Current portion of long-term borrowings 18.5 16.5
Total current liabilities 325.9 337.4
Long-term borrowings, excluding current portion 331.9 335.6
Long-term lease liabilities 150.3 158.0
Other noncurrent liabilities 73.7 70.2
Total noncurrent liabilities 555.9 563.8
Total liabilities 881.8 901.2
Stockholders’ equity    
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized as of March 31, 2024 and December 31, 2023, 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, 2024 and December 31, 2023; 23,593,626 and 19,798,884 shares issued and outstanding as of March 31, 2024 and December 31, 2023 0.0 0.0
Treasury stock, at cost; 3,794,742 shares as of March 31, 2024 and December 31, 2023 (130.4) (130.5)
Additional paid-in capital 280.1 277.9
Accumulated other comprehensive loss (1.5) (1.3)
Retained earnings 112.3 104.7
Total SP Plus Corporation stockholders’ equity 260.5 250.8
Noncontrolling interests 0.1 (0.1)
Total stockholders’ equity 260.6 250.7
Total liabilities and stockholders’ equity $ 1,142.4 $ 1,151.9