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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and equivalents $ 486.6 $ 431.9
Restricted cash 0.8 0.8
Trade and other receivables, net 205.3 180.1
Prepaid expenses and other current assets 112.7 98.0
Total current assets before customer funds 805.4 710.8
Customer funds 4,261.8 4,183.2
Total current assets 5,067.2 4,894.0
Right of use lease assets, net 21.6 24.3
Property, plant, and equipment, net 198.3 174.9
Goodwill 2,288.1 2,280.0
Other intangible assets, net 267.7 281.6
Other assets 275.9 262.4
Total assets 8,118.8 7,917.2
Current liabilities:    
Current portion of long-term debt 7.6 7.8
Current portion of long-term lease liabilities 7.3 10.0
Accounts payable 65.3 54.3
Deferred revenue 43.5 41.2
Employee compensation and benefits 71.1 97.4
Other accrued expenses 35.7 24.0
Total current liabilities before customer funds obligations 230.5 234.7
Customer funds obligations 4,373.7 4,298.8
Total current liabilities 4,604.2 4,533.5
Long-term debt, less current portion 1,211.7 1,213.4
Employee benefit plans 14.0 17.7
Long-term lease liabilities, less current portion 22.7 23.7
Other liabilities 26.0 19.5
Total liabilities 5,878.6 5,807.8
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, $0.01 par, 500,000,000 shares authorized, 155,006,926 and 153,856,645 shares issued and outstanding, respectively 1.6 1.5
Additional paid in capital 3,070.4 2,965.5
Accumulated deficit (359.6) (372.6)
Accumulated other comprehensive loss (472.2) (485.0)
Total stockholders’ equity 2,240.2 2,109.4
Total liabilities and stockholders' equity $ 8,118.8 $ 7,917.2