Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.21.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 59 $ 71
Receivables, net 611 672
Inventory, net 8 10
Related party current assets 11 20
Prepaid expenses and other current assets 216 194
Total current assets 905 967
Property and equipment, net 1,403 1,629
Intangible assets, net 3,302 3,340
Goodwill 3,128 3,122
Related party long-term assets 538 531
Deferred tax assets 111 111
Operating lease right-of-use assets 392 427
Other long-term assets 209 206
Total assets 9,988 10,333
Current liabilities:    
Accounts payable and accrued expenses 1,057 1,223
Accrued interest 80 174
Current portion of deferred revenue 1,664 1,721
Current maturities of debt 1 1
Operating lease current liabilities 48 48
Total current liabilities 2,850 3,167
Long-term deferred revenue 115 118
Long-term debt 8,878 8,499
Deferred tax liabilities 192 266
Operating lease liabilities 406 419
Other long-term liabilities 150 149
Total liabilities 12,591 12,618
Commitments and contingencies
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 9,000 shares authorized; 4,107 and 4,176 shares issued; 4,105 and 4,173 shares outstanding at March 31, 2021 and December 31, 2020, respectively 4 4
Accumulated other comprehensive income, net of tax 20 15
Additional paid-in capital 0 0
Treasury stock, at cost; 2 and 3 shares of common stock at March 31, 2021 and December 31, 2020, respectively (13) (19)
Accumulated deficit (2,614) (2,285)
Total stockholders’ equity (deficit) (2,603) (2,285)
Total liabilities and stockholders’ equity (deficit) $ 9,988 $ 10,333