Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 191 $ 71
Receivables, net 722 672
Related party current assets 21 20
Prepaid expenses and other current assets 246 204
Total current assets 1,180 967
Property and equipment, net 1,450 1,629
Intangible assets, net 3,186 3,340
Goodwill 3,151 3,122
Related party long-term assets 526 531
Deferred tax assets 200 111
Operating lease right-of-use assets 358 427
Other long-term assets 223 206
Total assets 10,274 10,333
Current liabilities:    
Accounts payable and accrued expenses 1,299 1,223
Accrued interest 173 174
Current portion of deferred revenue 1,454 1,721
Current maturities of debt 0 1
Operating lease current liabilities 49 48
Related party current liabilities 5 0
Total current liabilities 2,980 3,167
Long-term deferred revenue 97 118
Long-term debt 8,832 8,499
Deferred tax liabilities 478 266
Operating lease liabilities 362 419
Other long-term liabilities 150 149
Total liabilities 12,899 12,618
Commitments and contingencies
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 9,000 shares authorized; 3,968 and 4,176 shares issued; 3,967 and 4,173 shares outstanding at December 31, 2021 and December 31, 2020, respectively 4 4
Accumulated other comprehensive income, net of tax 15 15
Additional paid-in capital 0 0
Treasury stock, at cost; 1 and 3 shares of common stock at December 31, 2021 and December 31, 2020, respectively (8) (19)
Accumulated deficit (2,636) (2,285)
Total stockholders’ equity (deficit) (2,625) (2,285)
Total liabilities and stockholders’ equity (deficit) $ 10,274 $ 10,333