Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 33 $ 106
Receivables, net 582 670
Inventory, net 10 11
Related party current assets 10 22
Prepaid expenses and other current assets 194 194
Total current assets 829 1,003
Property and equipment, net 1,587 1,626
Intangible assets, net 3,360 3,467
Goodwill 3,860 3,843
Related party long-term assets 514 452
Deferred tax assets 0 153
Operating lease right-of-use assets 423 466
Other long-term assets 129 139
Total assets 10,702 11,149
Current liabilities:    
Accounts payable and accrued expenses 1,088 1,151
Accrued interest 84 160
Current portion of deferred revenue 1,792 1,930
Current maturities of debt 2 2
Operating lease current liabilities 47 46
Related party current liabilities 1 4
Total current liabilities 3,014 3,293
Long-term deferred revenue 121 130
Long-term debt 7,845 7,842
Deferred tax liabilities 91 70
Operating lease liabilities 416 456
Other long-term liabilities 126 94
Total liabilities 11,613 11,885
Commitments and contingencies (Note 16)
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 9,000 shares authorized; 4,283 and 4,412 shares issued; 4,278 and 4,412 shares outstanding at September 30, 2020 and December 31, 2019, respectively 4 4
Accumulated other comprehensive income, net of tax 0 8
Additional paid-in capital 0 395
Treasury stock, at cost; 5 and 0 shares of common stock at September 30, 2020 and December 31, 2019, respectively (24) 0
Accumulated deficit (891) (1,143)
Total stockholders’ equity (deficit) (911) (736)
Total liabilities and stockholders’ equity (deficit) $ 10,702 $ 11,149