2021 Q4 Form 10-Q Financial Statement

#000157987721000092 Filed on November 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $464.5M $399.2M $335.8M
YoY Change 38.33% 41.41% -31.2%
Cost Of Revenue $109.8M $98.90M $79.10M
YoY Change 38.81% 60.81% -47.13%
Gross Profit $354.7M $300.3M $256.7M
YoY Change 38.18% 36.01% -24.17%
Gross Profit Margin 76.36% 75.23% 76.44%
Selling, General & Admin $211.5M $98.50M $206.9M
YoY Change 2.22% 35.86% 7.37%
% of Gross Profit 59.63% 32.8% 80.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.40M $19.60M $21.30M
YoY Change 70.89% -6.67% -4.91%
% of Gross Profit 10.26% 6.53% 8.3%
Operating Expenses $247.9M $98.50M $217.1M
YoY Change 14.19% 35.86% -10.03%
Operating Profit $106.8M $65.00M $39.50M
YoY Change 170.38% 158.96% -59.69%
Interest Expense -$31.90M -$31.80M -$33.80M
YoY Change -5.62% -7.02% -1.74%
% of Operating Profit -29.87% -48.92% -85.57%
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change -100.0%
Pretax Income $73.30M $33.20M $5.700M
YoY Change 1185.96% -460.87% -87.64%
Income Tax $2.600M $1.100M $800.0K
% Of Pretax Income 3.55% 3.31% 14.04%
Net Earnings $71.10M $33.10M $4.300M
YoY Change 1553.49% -345.19% -90.44%
Net Earnings / Revenue 15.31% 8.29% 1.28%
Basic Earnings Per Share $0.18 -$0.02
Diluted Earnings Per Share $478.8K $0.18 -$0.02
COMMON SHARES
Basic Shares Outstanding 145.6M shares 145.6M shares 144.4M shares
Diluted Shares Outstanding 146.4M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $424.8M $510.3M $710.4M
YoY Change -40.2% -26.11% 1102.03%
Cash & Equivalents $424.8M $510.3M $710.4M
Short-Term Investments
Other Short-Term Assets $11.70M $14.30M $33.70M
YoY Change -65.28% -54.6% 560.78%
Inventory
Prepaid Expenses
Receivables $310.5M $245.9M $209.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $777.3M $801.2M $974.7M
YoY Change -20.25% -14.6% 123.66%
LONG-TERM ASSETS
Property, Plant & Equipment $647.9M $629.6M $634.2M
YoY Change 2.16% -2.27% -4.8%
Goodwill $2.078B $2.078B $2.078B
YoY Change 0.0% 0.05% -0.25%
Intangibles
YoY Change
Long-Term Investments $11.20M $10.50M $10.50M
YoY Change 6.67% -11.02% -31.82%
Other Assets $41.50M $40.30M $36.80M
YoY Change 12.77% 3.6% -49.73%
Total Long-Term Assets $5.147B $4.982B $4.922B
YoY Change 4.58% 1.01% -0.49%
TOTAL ASSETS
Total Short-Term Assets $777.3M $801.2M $974.7M
Total Long-Term Assets $5.147B $4.982B $4.922B
Total Assets $5.925B $5.783B $5.897B
YoY Change 0.47% -1.48% 9.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $64.90M $62.20M $64.90M
YoY Change 0.0% 19.85% -4.42%
Accrued Expenses $393.1M $361.0M $339.8M
YoY Change 15.69% 9.56% -0.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $80.00M
YoY Change -100.0% -100.0% -58.97%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $507.7M $476.8M $534.9M
YoY Change -5.09% -9.53% -17.71%
LONG-TERM LIABILITIES
Long-Term Debt $2.621B $2.619B $2.621B
YoY Change -0.01% -0.01% 17.94%
Other Long-Term Liabilities $43.90M $53.10M $55.00M
YoY Change -20.18% 5.15% 20.61%
Total Long-Term Liabilities $2.665B $2.672B $2.676B
YoY Change -0.42% 0.09% 18.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $507.7M $476.8M $534.9M
Total Long-Term Liabilities $2.665B $2.672B $2.676B
Total Liabilities $4.534B $4.459B $4.513B
YoY Change 0.47% -0.79% 6.05%
SHAREHOLDERS EQUITY
Retained Earnings -$1.122B -$1.172B -$1.100B
YoY Change 1.96% 6.72% 14.08%
Common Stock $1.500M $1.500M $1.400M
YoY Change 7.14% 7.14% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $994.1M $926.9M $973.8M
YoY Change
Total Liabilities & Shareholders Equity $5.925B $5.783B $5.897B
YoY Change 0.47% -1.48% 9.56%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income $71.10M $33.10M $4.300M
YoY Change 1553.49% -345.19% -90.44%
Depreciation, Depletion And Amortization $36.40M $19.60M $21.30M
YoY Change 70.89% -6.67% -4.91%
Cash From Operating Activities $53.70M $31.50M $44.60M
YoY Change 20.4% -10.76% -61.15%
INVESTING ACTIVITIES
Capital Expenditures -$114.1M -$28.00M -$14.10M
YoY Change 709.22% 133.33% -57.91%
Acquisitions
YoY Change
Other Investing Activities -$3.400M -$1.500M -$4.000M
YoY Change -15.0% -105.73% -14.89%
Cash From Investing Activities -$117.5M -$29.50M -$18.10M
YoY Change 549.17% -307.75% -52.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -21.70M -21.60M -8.000M
YoY Change 171.25% 195.89% -89.95%
NET CHANGE
Cash From Operating Activities 53.70M 31.50M 44.60M
Cash From Investing Activities -117.5M -29.50M -18.10M
Cash From Financing Activities -21.70M -21.60M -8.000M
Net Change In Cash -85.50M -19.60M 18.50M
YoY Change -562.16% -146.45% -716.67%
FREE CASH FLOW
Cash From Operating Activities $53.70M $31.50M $44.60M
Capital Expenditures -$114.1M -$28.00M -$14.10M
Free Cash Flow $167.8M $59.50M $58.70M
YoY Change 185.86% 25.79% -60.42%

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33200000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
100000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
200000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
400000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
300000 USD
CY2021Q3 us-gaap Net Income Loss
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CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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CY2021Q3 us-gaap Earnings Per Share Basic
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CY2020Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q3 us-gaap Earnings Per Share Diluted
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CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145600000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
144400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
144200000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146400000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144200000 shares
CY2021Q3 us-gaap Profit Loss
ProfitLoss
33200000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
100000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
200000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
400000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
300000 USD
CY2021Q3 us-gaap Net Income Loss
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CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2600000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2021Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
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CY2020Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
100000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
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CY2021Q3 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
1300000 USD
CY2020Q3 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
1300000 USD
us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
3900000 USD
us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
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CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3800000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4300000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
31100000 USD
CY2020Q2 us-gaap Stockholders Equity
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2020Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q2 out Total Equity
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1386700000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
200000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3800000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3800000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5400000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5400000 USD
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
200000 USD
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
200000 USD
CY2020Q3 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.07
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q3 out Total Equity
TotalEquity
1375400000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
909900000 USD
CY2021Q2 out Total Equity
TotalEquity
1307400000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
33100000 USD
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
100000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
33200000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7200000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7200000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
300000 USD
CY2021Q3 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.07
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
926900000 USD
CY2021Q3 out Total Equity
TotalEquity
1324000000 USD
CY2020Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2020Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1093800000 USD
CY2019Q4 out Total Equity
TotalEquity
1126400000 USD
us-gaap Net Income Loss
NetIncomeLoss
-65300000 USD
us-gaap Profit Loss
ProfitLoss
-65000000.0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5400000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17300000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17300000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
12400000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
12400000 USD
us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
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us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
4400000 USD
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.07
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.38
us-gaap Dividends
Dividends
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us-gaap Dividends
Dividends
55300000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
964600000 USD
CY2020Q3 out Total Equity
TotalEquity
1375400000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
973800000 USD
CY2020Q4 out Total Equity
TotalEquity
1383700000 USD
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Profit Loss
ProfitLoss
-35100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4300000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4300000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
100000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
100000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
20700000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
20700000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
8900000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
8900000 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
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us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.07
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
us-gaap Stockholders Equity Other
StockholdersEquityOther
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out Total Equity Other
TotalEquityOther
5200000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
926900000 USD
CY2021Q3 out Total Equity
TotalEquity
1324000000 USD
us-gaap Net Income Loss
NetIncomeLoss
-35500000 USD
us-gaap Net Income Loss
NetIncomeLoss
-65300000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
400000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
300000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
109000000.0 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
108900000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6600000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Share Based Compensation
ShareBasedCompensation
20700000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
17300000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-5300000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
2000000.0 USD
us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
1900000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
3600000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
13300000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-6300000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
600000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-500000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
500000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2100000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5500000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4800000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
28500000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-80500000 USD
out Increase Decreasein Prepaid Mta Equipment Deployment Costs
IncreaseDecreaseinPrepaidMTAEquipmentDeploymentCosts
40900000 USD
out Increase Decreasein Prepaid Mta Equipment Deployment Costs
IncreaseDecreaseinPrepaidMTAEquipmentDeploymentCosts
29400000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-9600000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
25000000.0 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
800000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-42400000 USD
out Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
5000000.0 USD
out Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
13400000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
5500000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
12100000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-900000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1000000.0 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1700000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-5000000.0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
45100000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
86000000.0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
41200000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
42000000.0 USD
us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
55000000.0 USD
us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
15500000 USD
out Purchase Of Mta Franchise Rights
PurchaseOfMTAFranchiseRights
12100000 USD
out Purchase Of Mta Franchise Rights
PurchaseOfMTAFranchiseRights
14400000 USD
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
1800000 USD
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
35900000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
900000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-106500000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35100000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
500000000.0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
895000000.0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
500000000.0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
495000000.0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
15000000.0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
80000000.0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
130000000.0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7300000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7700000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
4700000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
383800000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8900000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
12000000.0 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
35900000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
68100000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3700000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-140500000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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581000000.0 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
200000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-600000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-201700000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
631300000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
712000000.0 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
60900000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
510300000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
692200000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1500000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3100000 USD
us-gaap Interest Paid Net
InterestPaidNet
100600000 USD
us-gaap Interest Paid Net
InterestPaidNet
93500000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5700000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5300000 USD
out Mta Franchise Rights Not Yet Paid
MTAFranchiseRightsNotYetPaid
5800000 USD
out Mta Franchise Rights Not Yet Paid
MTAFranchiseRightsNotYetPaid
5200000 USD
out Taxes Withheld For Stock Based Compensation
TaxesWithheldForStockBasedCompensation
200000 USD
out Taxes Withheld For Stock Based Compensation
TaxesWithheldForStockBasedCompensation
300000 USD
out Numberof Largest Marketsin Whichthe Entity Operates Domestic
NumberofLargestMarketsinWhichtheEntityOperatesDomestic
25 markets
out Numberof Marketsin Whichthe Entity Operates
NumberofMarketsinWhichtheEntityOperates
150 markets
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2020Q3 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
9100000 USD
us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
26700000 USD
us-gaap Use Of Estimates
UseOfEstimates
The preparation of our financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and expenses during the reporting period. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, including the impact of extraordinary events such as the novel coronavirus (“COVID-19”) pandemic, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ materially from these estimates under different assumptions or conditions, including the severity and duration of the COVID-19 pandemic.
CY2021Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
510300000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
690600000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
710400000 USD
CY2021Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 USD
CY2020Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
1600000 USD
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1600000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
510300000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
692200000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
712000000.0 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2282100000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2237600000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1652500000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1603400000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
629600000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
634200000 USD
CY2021Q3 us-gaap Depreciation
Depreciation
19600000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
21000000 USD
us-gaap Depreciation
Depreciation
59600000 USD
us-gaap Depreciation
Depreciation
63200000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1778900000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1226800000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
552100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1728800000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1181300000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
547500000 USD
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16700000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
49400000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
45700000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
188500000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
176500000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y7M6D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.053
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
20500000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
16000000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
53700000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
52700000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
285600000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
189800000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
285900000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
147900000 USD
CY2021Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
305200000 USD
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
231700000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
798600000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
676000000 USD
us-gaap Asset Retirement Obligations Description
AssetRetirementObligationsDescription
The obligation is calculated based on the assumption that all of our advertising structures will be removed within the next 50 years.
out Asset Retirement Obligation Expected Term
AssetRetirementObligationExpectedTerm
P50Y
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
35900000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2000000.0 USD
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
200000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
2300000 USD
CY2021Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
35800000 USD
CY2021Q3 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2021Q3 us-gaap Equity Method Investments
EquityMethodInvestments
10500000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
10500000 USD
CY2021Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
2000000 USD
CY2020Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
1000000 USD
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
4400000 USD
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
3500000 USD
CY2021Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2020Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
80000000.0 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2619300000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2620800000 USD
CY2021Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2619300000 USD
CY2020Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2700800000 USD
CY2021Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.043
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.045
CY2021Q1 out Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
2 subsidiary
out Debt Covenant Maximum Consolidated Total Leverage Ratio
DebtCovenantMaximumConsolidatedTotalLeverageRatio
6.0
out Consolidated Total Leverage Ratio
ConsolidatedTotalLeverageRatio
8.2
us-gaap Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
The terms of the Credit Agreement (and under certain circumstances, the agreements governing the AR Facility) require that we maintain a Consolidated Net Secured Leverage Ratio, which is the ratio of (i) our consolidated secured debt (less up to $150.0 million of unrestricted cash) to (ii) our Consolidated EBITDA (as defined in the Credit Agreement) for the trailing four consecutive quarters, of no greater than 4.5 to 1.0.
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
31800000 USD
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
145617792 shares
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
145617792 shares
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
400000 shares
CY2021Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
400000 shares
CY2021Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.070
out Dividend Period
DividendPeriod
P12M
out Dividend Period
DividendPeriod
P12M
us-gaap Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
The Series A Preferred Stock is convertible at the option of any holder at any time into shares of our common stock at an initial conversion price of $16.00 per share and an initial conversion rate of 62.50 shares of our common stock per share of Series A Preferred Stock, subject to certain anti-dilution adjustments and a share cap as set forth in the Articles. Subject to certain conditions set forth in the Articles (including a change of control), each of the Company and the holders of the Series A Preferred Stock may convert or redeem the Series A Preferred Stock at the prices set forth in the Articles, plus any accrued and unpaid dividends.
CY2021Q3 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
16.00
CY2021Q3 out Convertible Preferred Stock Common Shares Issuable
ConvertiblePreferredStockCommonSharesIssuable
62.50 shares
CY2021Q3 out Billboard Revenue
BillboardRevenue
317400000 USD
CY2020Q3 out Billboard Revenue
BillboardRevenue
239900000 USD
out Billboard Revenue
BillboardRevenue
828300000 USD
out Billboard Revenue
BillboardRevenue
699300000 USD
CY2021Q3 out Transitand Other Revenue
TransitandOtherRevenue
81800000 USD
CY2020Q3 out Transitand Other Revenue
TransitandOtherRevenue
42400000 USD
out Transitand Other Revenue
TransitandOtherRevenue
171100000 USD
out Transitand Other Revenue
TransitandOtherRevenue
201200000 USD
CY2021Q3 us-gaap Revenues
Revenues
399200000 USD
CY2020Q3 us-gaap Revenues
Revenues
282300000 USD
us-gaap Revenues
Revenues
999400000 USD
us-gaap Revenues
Revenues
900500000 USD
CY2021Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
305200000 USD
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
231700000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
798600000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
676000000 USD
CY2021Q3 us-gaap Revenues
Revenues
399200000 USD
CY2020Q3 us-gaap Revenues
Revenues
282300000 USD
us-gaap Revenues
Revenues
999400000 USD
us-gaap Revenues
Revenues
900500000 USD
CY2021Q3 us-gaap Restructuring Reserve
RestructuringReserve
400000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
600000 USD
us-gaap Restructuring Charges
RestructuringCharges
5300000 USD
out Sharebased Compensation Related To Restructuring Charges
SharebasedCompensationRelatedToRestructuringCharges
900000 USD
us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
55000000 USD
us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
15500000 USD
out Grant Value Basis Of Stock Based Compensation Award Percentage Of Current Base Salary
GrantValueBasisOfStockBasedCompensationAwardPercentageOfCurrentBaseSalary
1
CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
300000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
300000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000.0 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000.0 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
6900000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
5100000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
19700000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
16300000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
103413 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
26.39
CY2021Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
0 USD
CY2020Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
200000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
200000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
900000 USD
CY2021Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
800000 USD
CY2020Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
600000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
2000000.0 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1900000 USD
CY2021Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1200000 USD
CY2020Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1000000.0 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3000000.0 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3000000.0 USD
CY2021Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-300000 USD
CY2020Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
0 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-700000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-500000 USD
CY2021Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-100000 USD
CY2020Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-200000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-100000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
300000 USD
us-gaap Pension Contributions
PensionContributions
900000 USD
CY2021Q3 us-gaap Defined Benefit Plan Expected Future Employer Contributions Current Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsCurrentFiscalYear
1200000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
33100000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-13500000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-35500000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-65300000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25800000 USD
CY2021Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
25800000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20500000 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
-20500000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-56500000 USD
us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
-56500000 USD
us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
-78200000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-78200000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145600000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
144400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
144200000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
800000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146400000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144200000 shares
CY2020 out Equipment Deployment Costs Percentage
EquipmentDeploymentCostsPercentage
0.30
CY2020Q4 out Prepaid Mta Equipment Deployment Costs
PrepaidMTAEquipmentDeploymentCosts
204600000 USD
CY2021Q3 out Prepaid Mta Equipment Deployment Costs
PrepaidMTAEquipmentDeploymentCosts
245500000 USD
CY2020Q4 out Mta Equipment Deployment Costs
MTAEquipmentDeploymentCosts
291000000.0 USD
out Mta Equipment Development Cost Additions
MTAEquipmentDevelopmentCostAdditions
58600000 USD
out Total Recoupment And Mta Funding
TotalRecoupmentAndMTAFunding
28800000 USD
CY2021Q3 out Mta Equipment Deployment Costs
MTAEquipmentDeploymentCosts
313500000 USD
CY2019Q4 out Prepaid Mta Equipment Deployment Costs
PrepaidMTAEquipmentDeploymentCosts
171500000 USD
CY2020Q4 out Prepaid Mta Equipment Deployment Costs
PrepaidMTAEquipmentDeploymentCosts
204600000 USD
CY2019Q4 out Mta Equipment Deployment Costs
MTAEquipmentDeploymentCosts
209800000 USD
CY2020 out Mta Equipment Development Cost Additions
MTAEquipmentDevelopmentCostAdditions
103500000 USD
CY2020 out Total Recoupment And Mta Funding
TotalRecoupmentAndMTAFunding
16400000 USD
CY2020Q4 out Mta Equipment Deployment Costs
MTAEquipmentDeploymentCosts
291000000.0 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021Q3 us-gaap Revenues
Revenues
399200000 USD
CY2020Q3 us-gaap Revenues
Revenues
282300000 USD
us-gaap Revenues
Revenues
999400000 USD
us-gaap Revenues
Revenues
900500000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
33200000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-13300000 USD
us-gaap Profit Loss
ProfitLoss
-35100000 USD
us-gaap Profit Loss
ProfitLoss
-65000000.0 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1100000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3500000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6000000.0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 USD
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1100000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-600000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
600000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-500000 USD
CY2021Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-31800000 USD
CY2020Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-34200000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-98500000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-97300000 USD
CY2021Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-6300000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-100000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
100000 USD
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
65000000.0 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
25100000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
63100000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
33000000.0 USD
CY2021Q3 us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
600000 USD
us-gaap Restructuring Charges
RestructuringCharges
0 USD
us-gaap Restructuring Charges
RestructuringCharges
5300000 USD
CY2021Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
400000 USD
CY2020Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
8000000.0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
3600000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
13300000 USD
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
36300000 USD
CY2020Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
36300000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
109000000.0 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
108900000 USD
CY2021Q3 out Share Based Compensation Excluding Compensation Related Restructuring Charges
ShareBasedCompensationExcludingCompensationRelatedRestructuringCharges
7200000 USD
CY2020Q3 out Share Based Compensation Excluding Compensation Related Restructuring Charges
ShareBasedCompensationExcludingCompensationRelatedRestructuringCharges
5400000 USD
out Share Based Compensation Excluding Compensation Related Restructuring Charges
ShareBasedCompensationExcludingCompensationRelatedRestructuringCharges
20700000 USD
out Share Based Compensation Excluding Compensation Related Restructuring Charges
ShareBasedCompensationExcludingCompensationRelatedRestructuringCharges
16400000 USD
CY2021Q3 out Segment Operating Measure
SegmentOperatingMeasure
108100000 USD
CY2020Q3 out Segment Operating Measure
SegmentOperatingMeasure
59400000 USD
out Segment Operating Measure
SegmentOperatingMeasure
189200000 USD
out Segment Operating Measure
SegmentOperatingMeasure
150300000 USD
CY2021Q3 out Segment Operating Measure
SegmentOperatingMeasure
108100000 USD
CY2020Q3 out Segment Operating Measure
SegmentOperatingMeasure
59400000 USD
out Segment Operating Measure
SegmentOperatingMeasure
189200000 USD
out Segment Operating Measure
SegmentOperatingMeasure
150300000 USD
CY2020Q3 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
9100000 USD
us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
26700000 USD
CY2020Q3 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
9100000 USD
us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
26700000 USD
CY2021Q3 us-gaap Assets
Assets
5783400000 USD
CY2020Q4 us-gaap Assets
Assets
5896900000 USD

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