Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 57 $ 191
Receivables, net 655 722
Related party current assets 42 21
Prepaid expenses and other current assets 284 246
Total current assets 1,038 1,180
Property and equipment, net 1,499 1,450
Intangible assets, net 3,050 3,186
Goodwill 3,249 3,151
Related party long-term assets 488 526
Deferred tax assets 147 200
Operating lease right-of-use assets 315 358
Other long-term assets 236 223
Total assets 10,022 10,274
Current liabilities:    
Accounts payable and accrued expenses 1,248 1,299
Accrued interest 165 173
Current portion of deferred revenue 1,322 1,454
Current maturities of debt 196 0
Operating lease current liabilities 50 49
Related party current liabilities 0 5
Total current liabilities 2,981 2,980
Long-term deferred revenue 81 97
Long-term debt 9,256 8,832
Deferred tax liabilities 565 478
Operating lease liabilities 320 362
Other long-term liabilities 170 150
Total liabilities 13,373 12,899
Commitments and contingencies (Note 16)
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 9,000 shares authorized; 3,891 and 3,968 shares issued; 3,891 and 3,967 shares outstanding at December 31, 2022 and December 31, 2021, respectively 4 4
Accumulated other comprehensive (loss) income, net of tax (4) 15
Treasury stock, at cost; 0 and 1 share of common stock at December 31, 2022 and December 31, 2021, respectively 0 (8)
Accumulated deficit (3,351) (2,636)
Total stockholders’ equity (deficit) (3,351) (2,625)
Total liabilities and stockholders’ equity (deficit) $ 10,022 $ 10,274