Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 40 $ 106
Receivables, net 604 670
Inventory, net 12 11
Related party current assets 15 22
Prepaid expenses and other current assets 212 194
Total current assets 883 1,003
Property and equipment, net 1,609 1,626
Intangible assets, net 3,429 3,467
Goodwill 3,843 3,843
Related party long-term assets 495 452
Deferred tax assets 89 153
Operating lease right-of-use assets 452 466
Other long-term assets 135 139
Total assets 10,935 11,149
Current liabilities:    
Accounts payable and accrued expenses 1,029 1,151
Accrued interest 98 160
Current portion of deferred revenue 1,923 1,930
Current maturities of debt 2 2
Operating lease current liabilities 47 46
Related party current liabilities 3 4
Total current liabilities 3,102 3,293
Long-term deferred revenue 126 130
Long-term debt 7,847 7,842
Deferred tax liabilities 70 70
Operating lease liabilities 444 456
Other long-term liabilities 93 94
Total liabilities 11,682 11,885
Commitments and contingencies (Note 15)
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 9,000 shares authorized; 4,379 and 4,412 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 4 4
Accumulated other comprehensive income (loss), net of tax (17) 8
Additional paid-in capital 116 395
Treasury stock, at cost; 0 and 0 shares of common stock at March 31, 2020 and December 31, 2019, respectively 0 0
Accumulated deficit (850) (1,143)
Total stockholders’ equity (deficit) (747) (736)
Total liabilities and stockholders’ equity (deficit) $ 10,935 $ 11,149