Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.24.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 162 $ 306
Prepaid expenses and other current assets 290 310
Total current assets 1,149 1,361
Property and equipment, net 2,109 1,791
FCC licenses 8,610 8,600
Other intangible assets, net 1,579 1,710
Goodwill 12,390 15,209
Equity method investments 1,043 715
Other long-term assets 641 670
Total assets 27,521 30,056
Current liabilities:    
Accounts payable and accrued expenses 1,284 1,303
Accrued interest 172 174
Current portion of deferred revenue 1,050 1,195
Current maturities of debt, including $— and $574 measured at fair value, respectively (Note 13) 61 1,079
Total current liabilities 2,731 3,951
Long-term deferred revenue 82 88
Long-term debt, including $594 and $688 measured at fair value, respectively (Note 13) 10,314 10,073
Deferred tax liabilities 2,220 2,414
Other long-term liabilities 1,100 428
Total liabilities 16,447 16,954
Commitments and contingencies (Note 16)
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 900 shares authorized; 339000000 and zero shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 0 0
Former Parent's investment 0 (5,284)
Accumulated other comprehensive (loss) income, net of tax (46) 7
Additional paid-in capital 0 0
Treasury stock, at cost; 26 thousand and zero shares of common stock at December 31, 2024 and December 31, 2023, respectively (1) 0
Retained earnings 11,121 15,353
Total stockholders' equity/Former Parent's investment 11,074 10,076
Non-controlling interests 0 3,026
Total equity 11,074 13,102
Total liabilities and equity 27,521 30,056
Nonrelated Party    
Current assets:    
Receivables, net 676 709
Current liabilities:    
Other current liabilities 48 192
Related Party    
Current assets:    
Receivables, net 21 36
Current liabilities:    
Other current liabilities $ 116 $ 8