2022 Q3 Form 10-Q Financial Statement

#000157987722000073 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $453.7M $450.2M $373.5M
YoY Change 13.65% 32.02% 44.1%
Cost Of Revenue $119.1M $114.8M $106.1M
YoY Change 20.42% 27.98% 26.46%
Gross Profit $334.6M $335.4M $267.4M
YoY Change 11.42% 33.47% 52.54%
Gross Profit Margin 73.75% 74.5% 71.59%
Selling, General & Admin $106.5M $106.9M $98.40M
YoY Change 8.12% 20.25% 28.63%
% of Gross Profit 31.83% 31.87% 36.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.90M $19.40M $19.30M
YoY Change 1.53% -3.0% -3.5%
% of Gross Profit 5.95% 5.78% 7.22%
Operating Expenses $106.5M $106.9M $98.40M
YoY Change 8.12% 20.25% 28.63%
Operating Profit $74.30M $79.90M $28.50M
YoY Change 14.31% 174.57% -191.94%
Interest Expense -$33.60M -$31.60M -$30.70M
YoY Change 5.66% -1.56% -11.27%
% of Operating Profit -45.22% -39.55% -107.72%
Other Income/Expense, Net -$300.0K $100.0K -$100.0K
YoY Change
Pretax Income $40.40M $48.40M -$2.300M
YoY Change 21.69% -1713.33% -96.8%
Income Tax -$300.0K $1.200M -$2.100M
% Of Pretax Income -0.74% 2.48%
Net Earnings $40.80M $48.00M -$100.0K
YoY Change 23.26% -5433.33% -99.85%
Net Earnings / Revenue 8.99% 10.66% -0.03%
Basic Earnings Per Share $0.24 $0.28 -$0.04
Diluted Earnings Per Share $0.23 $0.28 -$0.04
COMMON SHARES
Basic Shares Outstanding 164.0M shares 164.0M shares 152.0M shares
Diluted Shares Outstanding 164.6M shares 164.6M shares 152.0M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $81.50M $117.0M $355.7M
YoY Change -84.03% -77.88% -36.48%
Cash & Equivalents $81.50M $117.0M $355.7M
Short-Term Investments
Other Short-Term Assets $7.900M $8.800M $11.20M
YoY Change -44.76% -50.56% -60.0%
Inventory
Prepaid Expenses
Receivables $303.0M $288.4M $265.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $424.0M $441.8M $660.7M
YoY Change -47.08% -43.52% -15.02%
LONG-TERM ASSETS
Property, Plant & Equipment $683.4M $679.6M $652.1M
YoY Change 8.55% 7.67% 3.64%
Goodwill $2.076B $2.078B $2.078B
YoY Change -0.08% -0.05% 0.01%
Intangibles
YoY Change
Long-Term Investments $12.70M $12.20M $11.30M
YoY Change 20.95% 27.08% 15.31%
Other Assets $46.00M $44.40M $43.70M
YoY Change 14.14% 14.73% 16.53%
Total Long-Term Assets $5.482B $5.467B $5.182B
YoY Change 10.03% 9.57% 4.98%
TOTAL ASSETS
Total Short-Term Assets $424.0M $441.8M $660.7M
Total Long-Term Assets $5.482B $5.467B $5.182B
Total Assets $5.906B $5.909B $5.843B
YoY Change 2.12% 2.37% 2.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.80M $57.90M $52.60M
YoY Change -15.11% 12.21% -7.39%
Accrued Expenses $398.4M $386.4M $351.6M
YoY Change 10.36% 10.24% 12.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $516.1M $506.0M $465.8M
YoY Change 8.24% 8.21% 7.65%
LONG-TERM LIABILITIES
Long-Term Debt $2.625B $2.623B $2.622B
YoY Change 0.2% 0.21% 0.2%
Other Long-Term Liabilities $40.40M $40.90M $41.60M
YoY Change -23.92% -25.23% -21.06%
Total Long-Term Liabilities $2.665B $2.664B $2.664B
YoY Change -0.28% -0.31% -0.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $516.1M $506.0M $465.8M
Total Long-Term Liabilities $2.665B $2.664B $2.664B
Total Liabilities $4.576B $4.570B $4.504B
YoY Change 2.61% 2.35% 2.14%
SHAREHOLDERS EQUITY
Retained Earnings -$1.191B -$1.180B -$1.177B
YoY Change 1.67% -0.22% 0.14%
Common Stock $1.600M $1.600M $1.600M
YoY Change 6.67% 6.67% 6.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.206B $1.215B $1.215B
YoY Change
Total Liabilities & Shareholders Equity $5.906B $5.909B $5.843B
YoY Change 2.12% 2.37% 2.26%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $40.80M $48.00M -$100.0K
YoY Change 23.26% -5433.33% -99.85%
Depreciation, Depletion And Amortization $19.90M $19.40M $19.30M
YoY Change 1.53% -3.0% -3.5%
Cash From Operating Activities $73.70M $80.60M $20.50M
YoY Change 133.97% 230.33% -289.81%
INVESTING ACTIVITIES
Capital Expenditures -$55.10M -$263.9M $16.90M
YoY Change 96.79% 513.72% 79.79%
Acquisitions $9.600M
YoY Change -39.24%
Other Investing Activities -$1.800M -$2.700M -$1.300M
YoY Change 20.0% -52.63% -58.06%
Cash From Investing Activities -$56.90M -$266.6M -$27.80M
YoY Change 92.88% 447.43% -1.77%
FINANCING ACTIVITIES
Cash Dividend Paid $51.50M
YoY Change 605.48%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -51.40M -51.80M -$62.40M
YoY Change 137.96% 609.59% -44.09%
NET CHANGE
Cash From Operating Activities 73.70M 80.60M $20.50M
Cash From Investing Activities -56.90M -266.6M -$27.80M
Cash From Financing Activities -51.40M -51.80M -$62.40M
Net Change In Cash -34.60M -237.8M -$69.10M
YoY Change 76.53% 652.53% -54.06%
FREE CASH FLOW
Cash From Operating Activities $73.70M $80.60M $20.50M
Capital Expenditures -$55.10M -$263.9M $16.90M
Free Cash Flow $128.8M $344.5M $3.600M
YoY Change 116.47% 411.13% -117.82%

Facts In Submission

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NetIncomeLossAttributableToNoncontrollingInterest
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NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Profit Loss
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us-gaap Profit Loss
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CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2021Q2 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
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us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
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us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
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CY2021Q1 us-gaap Stockholders Equity
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
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CY2021Q2 us-gaap Property Management Fee Revenue
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us-gaap Property Management Fee Revenue
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us-gaap Net Income Loss
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us-gaap Profit Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2021Q4 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Profit Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Conversion Of Stock Amount Issued1
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us-gaap Stock Issued During Period Value Conversion Of Units
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us-gaap Preferred Stock Dividend Rate Percentage
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CY2022Q2 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Depreciation And Amortization
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Provision For Doubtful Accounts
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us-gaap Accretion Expense Including Asset Retirement Obligations
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us-gaap Accretion Expense Including Asset Retirement Obligations
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
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us-gaap Equity Method Investment Dividends Or Distributions
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us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
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us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Deferred Revenue
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us-gaap Increase Decrease In Deferred Revenue
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Depreciation
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us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
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us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
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us-gaap Repayments Of Lines Of Credit
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us-gaap Payments Of Debt Extinguishment Costs
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Payments Of Dividends
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Interest Paid Net
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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MTAFranchiseRightsNotYetPaid
4500000 usd
out Taxes Withheld For Stock Based Compensation
TaxesWithheldForStockBasedCompensation
0 usd
out Taxes Withheld For Stock Based Compensation
TaxesWithheldForStockBasedCompensation
100000 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
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 ongoing 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.
CY2021Q2 us-gaap Depreciation
Depreciation
20000000 usd
us-gaap Depreciation
Depreciation
38700000 usd
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117000000.0 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
529000000.0 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
424800000 usd
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 usd
CY2021Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
1600000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
224700000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
117000000.0 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
530600000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
424800000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
152300000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2363800000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2300600000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1684200000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1652700000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
679600000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
647900000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2059200000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1252600000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
806600000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1836700000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1221800000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
614900000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17300000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16300000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
32100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
32700000 usd
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
2400000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1531200000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1485500000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
196900000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
187500000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1345600000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1308400000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y9M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y6M
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.052
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
27800000 usd
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
19300000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
52800000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
33200000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
190900000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
139900000 usd
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
342200000 usd
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
277600000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
630500000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
493400000 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
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
36400000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1400000 usd
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
400000 usd
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
900000 usd
CY2022Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
37300000 usd
CY2022Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2022Q2 us-gaap Equity Method Investments
EquityMethodInvestments
12200000 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
11200000 usd
CY2022Q2 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
2300000 usd
out Consolidated Total Leverage Ratio
ConsolidatedTotalLeverageRatio
5.1
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2623300000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2620600000 usd
CY2022Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2623300000 usd
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2620600000 usd
CY2022Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.046
CY2021Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.043
out Debt Covenant Maximum Consolidated Total Leverage Ratio
DebtCovenantMaximumConsolidatedTotalLeverageRatio
6.0
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.
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
27600000 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
164046342 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
164046342 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
125000 shares
CY2022Q2 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
125000 shares
CY2022Q2 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.
CY2022Q2 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
16.00
CY2022Q2 out Convertible Preferred Stock Common Shares Issuable
ConvertiblePreferredStockCommonSharesIssuable
62.50 shares
CY2022Q1 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
275000 shares
CY2022Q2 out Billboard Revenue
BillboardRevenue
354000000.0 usd
CY2021Q2 out Billboard Revenue
BillboardRevenue
287300000 usd
out Billboard Revenue
BillboardRevenue
652200000 usd
out Billboard Revenue
BillboardRevenue
510900000 usd
CY2022Q2 out Transitand Other Revenue
TransitandOtherRevenue
96200000 usd
CY2021Q2 out Transitand Other Revenue
TransitandOtherRevenue
53700000 usd
out Transitand Other Revenue
TransitandOtherRevenue
171500000 usd
out Transitand Other Revenue
TransitandOtherRevenue
89300000 usd
CY2022Q2 us-gaap Revenues
Revenues
450200000 usd
CY2021Q2 us-gaap Revenues
Revenues
341000000.0 usd
us-gaap Revenues
Revenues
823700000 usd
us-gaap Revenues
Revenues
600200000 usd
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
342200000 usd
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
277600000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
630500000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
493400000 usd
CY2022Q2 us-gaap Revenues
Revenues
450200000 usd
CY2021Q2 us-gaap Revenues
Revenues
341000000.0 usd
us-gaap Revenues
Revenues
823700000 usd
us-gaap Revenues
Revenues
600200000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
248600000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
42700000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
400000 usd
CY2021Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
400000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
800000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
700000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
8100000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
7100000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
15600000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
12800000 usd
CY2022Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
0 usd
CY2021Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
100000 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
0 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
200000 usd
CY2022Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
500000 usd
CY2021Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
700000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1000000.0 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1200000 usd
CY2022Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
700000 usd
CY2021Q2 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
1400000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1800000 usd
CY2022Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
0 usd
CY2021Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-200000 usd
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
0 usd
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-400000 usd
CY2022Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-200000 usd
CY2021Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
0 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-400000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
0 usd
us-gaap Pension Contributions
PensionContributions
100000 usd
CY2022Q2 us-gaap Defined Benefit Plan Expected Future Employer Contributions Current Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsCurrentFiscalYear
200000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
48000000.0 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-900000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
47900000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-68600000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
45800000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
45800000 usd
CY2021Q2 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
-7900000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7900000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40200000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
40200000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-82600000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
-82600000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164000000.0 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
158000000.0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145200000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
CY2021Q2 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
800000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164600000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
158800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145200000 shares
out Equipment Deployment Costs Percentage
EquipmentDeploymentCostsPercentage
0.30
us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
0 usd
CY2021Q4 out Prepaid Mta Equipment Deployment Costs
PrepaidMTAEquipmentDeploymentCosts
279800000 usd
us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
0 usd
CY2022Q2 out Prepaid Mta Equipment Deployment Costs
PrepaidMTAEquipmentDeploymentCosts
327900000 usd
CY2021Q4 out Mta Equipment Deployment Costs
MTAEquipmentDeploymentCosts
348000000.0 usd
out Mta Equipment Development Cost Additions
MTAEquipmentDevelopmentCostAdditions
52400000 usd
out Total Recoupment And Mta Funding
TotalRecoupmentAndMTAFunding
3700000 usd
CY2022Q2 out Mta Equipment Deployment Costs
MTAEquipmentDeploymentCosts
394200000 usd
CY2020Q4 out Prepaid Mta Equipment Deployment Costs
PrepaidMTAEquipmentDeploymentCosts
204600000 usd
CY2021Q4 out Prepaid Mta Equipment Deployment Costs
PrepaidMTAEquipmentDeploymentCosts
279800000 usd
CY2020Q4 out Mta Equipment Deployment Costs
MTAEquipmentDeploymentCosts
291000000.0 usd
CY2021 out Mta Equipment Development Cost Additions
MTAEquipmentDevelopmentCostAdditions
95900000 usd
CY2021 out Total Recoupment And Mta Funding
TotalRecoupmentAndMTAFunding
29000000.0 usd
CY2021Q4 out Mta Equipment Deployment Costs
MTAEquipmentDeploymentCosts
348000000.0 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022Q2 us-gaap Revenues
Revenues
450200000 usd
CY2021Q2 us-gaap Revenues
Revenues
341000000.0 usd
us-gaap Revenues
Revenues
823700000 usd
us-gaap Revenues
Revenues
600200000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
48400000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-700000 usd
us-gaap Profit Loss
ProfitLoss
48500000 usd
us-gaap Profit Loss
ProfitLoss
-68300000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1200000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2400000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-900000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7100000 usd
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1200000 usd
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-100000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1500000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-500000 usd
CY2022Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-31600000 usd
CY2021Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-32100000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-62300000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-66700000 usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-6300000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
100000 usd
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
79900000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
29100000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
108400000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-1900000 usd
CY2022Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-200000 usd
CY2021Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
2900000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
100000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
3200000 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
36700000 usd
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
36300000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
70800000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
72700000 usd
CY2022Q2 out Share Based Compensation Excluding Compensation Related Restructuring Charges
ShareBasedCompensationExcludingCompensationRelatedRestructuringCharges
8500000 usd
CY2021Q2 out Share Based Compensation Excluding Compensation Related Restructuring Charges
ShareBasedCompensationExcludingCompensationRelatedRestructuringCharges
7500000 usd
out Share Based Compensation Excluding Compensation Related Restructuring Charges
ShareBasedCompensationExcludingCompensationRelatedRestructuringCharges
16400000 usd
out Share Based Compensation Excluding Compensation Related Restructuring Charges
ShareBasedCompensationExcludingCompensationRelatedRestructuringCharges
13500000 usd
CY2022Q2 out Segment Operating Measure
SegmentOperatingMeasure
125300000 usd
CY2021Q2 out Segment Operating Measure
SegmentOperatingMeasure
70000000.0 usd
out Segment Operating Measure
SegmentOperatingMeasure
195500000 usd
out Segment Operating Measure
SegmentOperatingMeasure
81100000 usd
CY2022Q2 out Segment Operating Measure
SegmentOperatingMeasure
125300000 usd
CY2021Q2 out Segment Operating Measure
SegmentOperatingMeasure
70000000.0 usd
out Segment Operating Measure
SegmentOperatingMeasure
195500000 usd
out Segment Operating Measure
SegmentOperatingMeasure
81100000 usd
CY2022Q2 us-gaap Assets
Assets
5909000000 usd
CY2021Q4 us-gaap Assets
Assets
5924700000 usd

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