Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 51 $ 57
Prepaid expenses and other current assets 299 284
Total current assets 1,039 1,038
Property and equipment, net 1,616 1,499
Intangible assets, net 2,977 3,050
Goodwill 3,249 3,249
Related party long-term assets 500 488
Deferred tax assets 147 147
Operating lease right-of-use assets 286 315
Other long-term assets 264 236
Total assets 10,078 10,022
Current liabilities:    
Accounts payable and accrued expenses 1,213 1,248
Accrued interest 165 165
Current portion of deferred revenue 1,287 1,322
Current maturities of debt 525 196
Operating lease current liabilities 45 50
Total current liabilities 3,235 2,981
Long-term deferred revenue 76 81
Long-term debt 8,908 9,256
Deferred tax liabilities 472 565
Operating lease liabilities 298 320
Other long-term liabilities 200 170
Total liabilities 13,189 13,373
Commitments and contingencies (Note 15)
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 9,000 shares authorized; 3,845 and 3,891 shares issued; 3,844 and 3,891 shares outstanding at June 30, 2023 and December 31, 2022, respectively 4 4
Accumulated other comprehensive income (loss), net of tax 3 (4)
Treasury stock, at cost; 1 and 0 shares of common stock at June 30, 2023 and December 31, 2022, respectively (3) 0
Accumulated deficit (3,115) (3,351)
Total stockholders’ equity (deficit) (3,111) (3,351)
Total liabilities and stockholders’ equity (deficit) 10,078 10,022
Related Party    
Current assets:    
Receivables, net 29 42
Nonrelated Party    
Current assets:    
Receivables, net $ 660 $ 655