Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 53 $ 57
Receivables, net 587 655
Related party current assets 18 42
Prepaid expenses and other current assets 322 284
Total current assets 980 1,038
Property and equipment, net 1,586 1,499
Intangible assets, net 3,013 3,050
Goodwill 3,249 3,249
Related party long-term assets 491 488
Deferred tax assets 147 147
Operating lease right-of-use assets 297 315
Other long-term assets 260 236
Total assets 10,023 10,022
Current liabilities:    
Accounts payable and accrued expenses 1,170 1,248
Accrued interest 72 165
Current portion of deferred revenue 1,307 1,322
Current maturities of debt 122 196
Operating lease current liabilities 48 50
Related party current liabilities 77 0
Total current liabilities 2,796 2,981
Long-term deferred revenue 79 81
Long-term debt 9,391 9,256
Deferred tax liabilities 511 565
Operating lease liabilities 310 320
Other long-term liabilities 195 170
Total liabilities 13,282 13,373
Commitments and contingencies (Note 15)
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 9,000 shares authorized; 3,879 and 3,891 shares issued; 3,878 and 3,891 shares outstanding at March 31, 2023 and December 31, 2022, respectively 4 4
Accumulated other comprehensive (loss) income, net of tax (4) (4)
Treasury stock, at cost; 1 and 0 shares of common stock at March 31, 2023 and December 31, 2022, respectively (5) 0
Accumulated deficit (3,254) (3,351)
Total stockholders’ equity (deficit) (3,259) (3,351)
Total liabilities and stockholders’ equity (deficit) $ 10,023 $ 10,022