Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 71 $ 106
Receivables, net 672 670
Inventory, net 10 11
Related party current assets 20 22
Prepaid expenses and other current assets 194 194
Total current assets 967 1,003
Property and equipment, net 1,629 1,626
Intangible assets, net 3,340 3,467
Goodwill 3,122 3,843
Related party long-term assets 531 452
Deferred tax assets 111 153
Operating lease right-of-use assets 427 466
Other long-term assets 206 139
Total assets 10,333 11,149
Current liabilities:    
Accounts payable and accrued expenses 1,223 1,151
Accrued interest 174 160
Current portion of deferred revenue 1,721 1,930
Current maturities of debt 1 2
Operating lease current liabilities 48 46
Related party current liabilities 0 4
Total current liabilities 3,167 3,293
Long-term deferred revenue 118 130
Long-term debt 8,499 7,842
Deferred tax liabilities 266 70
Operating lease liabilities 419 456
Other long-term liabilities 149 94
Total liabilities 12,618 11,885
Commitments and contingencies (Note 17)
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 9,000 shares authorized; 4,176 and 4,412 shares issued; 4,173 and 4,412 shares outstanding at December 31, 2020 and December 31, 2019, respectively 4 4
Accumulated other comprehensive income, net of tax 15 8
Additional paid-in capital 0 395
Treasury stock, at cost; 3 and 0 shares of common stock at December 31, 2020 and December 31, 2019, respectively (19) 0
Accumulated deficit (2,285) (1,143)
Total stockholders’ equity (deficit) (2,285) (736)
Total liabilities and stockholders’ equity (deficit) $ 10,333 $ 11,149