Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 62 $ 54
Receivables, net 592 233
Inventory, net 20 22
Related party current assets 12 11
Prepaid expenses and other current assets 221 158
Total current assets 907 478
Property and equipment, net 1,586 1,513
Intangible assets, net 3,581 2,501
Goodwill 3,831 2,290
Related party long-term assets 448 960
Deferred tax assets 298 293
Operating lease right-of-use assets 428 0
Other long-term assets 146 138
Total assets 11,225 8,173
Current liabilities:    
Accounts payable and accrued expenses 1,072 736
Accrued interest 86 128
Current portion of deferred revenue 1,994 1,932
Current maturities of debt 4 3
Operating lease current liabilities 46 0
Related party current liabilities 4 4
Total current liabilities 3,206 2,803
Long-term deferred revenue 145 149
Long-term debt 7,181 6,885
Related party long-term liabilities 3 4
Deferred tax liabilities 48 47
Operating lease liabilities 397 0
Other long-term liabilities 91 102
Total liabilities 11,071 9,990
Commitments and contingencies (Note 15)
Stockholders’ (deficit) equity:    
Common stock, par value $0.001 per share; 9,000 shares authorized; 4,650 and 4,346 shares issued; 4,645 and 4,346 outstanding at March 31, 2019 and December 31, 2018, respectively 5 4
Accumulated other comprehensive income (loss), net of tax 1 (6)
Additional paid-in capital 2,071 242
Treasury stock, at cost; 5 and 0 shares of common stock at March 31, 2019 and December 31, 2018, respectively (28) 0
Accumulated deficit (1,895) (2,057)
Total stockholders’ equity (deficit) 154 (1,817)
Total liabilities and stockholders’ equity (deficit) $ 11,225 $ 8,173