Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 106 $ 54
Receivables, net 670 233
Inventory, net 11 22
Related party current assets 22 11
Prepaid expenses and other current assets 194 158
Total current assets 1,003 478
Property and equipment, net 1,626 1,513
Intangible assets, net 3,467 2,501
Goodwill 3,843 2,290
Related party long-term assets 452 960
Deferred tax assets 153 293
Operating lease right-of-use assets 466  
Other long-term assets 139 138
Total assets 11,149 8,173
Current liabilities:    
Accounts payable and accrued expenses 1,151 736
Accrued interest 160 128
Current portion of deferred revenue 1,930 1,932
Current maturities of debt 2 3
Operating lease current liabilities 46  
Related party current liabilities 4 4
Total current liabilities 3,293 2,803
Long-term deferred revenue 130 149
Long-term debt 7,842 6,885
Related party long-term liabilities 0 4
Deferred tax liabilities 70 47
Operating lease liabilities 456  
Other long-term liabilities 94 102
Total liabilities 11,885 9,990
Commitments and contingencies (Note 16)
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 9,000 shares authorized; 4,412 and 4,346 shares issued; 4,412 and 4,346 outstanding at December 31, 2019 and December 31, 2018, respectively 4 4
Accumulated other comprehensive income (loss), net of tax 8 (6)
Additional paid-in capital 395 242
Treasury stock, at cost; 0 and 0 shares of common stock at December 31, 2019 and December 31, 2018, respectively 0 0
Accumulated deficit (1,143) (2,057)
Total stockholders’ equity (deficit) (736) (1,817)
Total liabilities and stockholders’ equity (deficit) $ 11,149 $ 8,173