Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.19.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 79 $ 54
Receivables, net 632 233
Inventory, net 14 22
Related party current assets 11 11
Prepaid expenses and other current assets 200 158
Total current assets 936 478
Property and equipment, net 1,609 1,513
Intangible assets, net 3,505 2,501
Goodwill 3,856 2,290
Related party long-term assets 451 960
Deferred tax assets 168 293
Operating lease right-of-use assets 428  
Other long-term assets 135 138
Total assets 11,088 8,173
Current liabilities:    
Accounts payable and accrued expenses 1,156 736
Accrued interest 104 128
Current portion of deferred revenue 1,938 1,932
Current maturities of debt 2 3
Operating lease current liabilities 47  
Related party current liabilities 4 4
Total current liabilities 3,251 2,803
Long-term deferred revenue 134 149
Long-term debt 7,904 6,885
Related party long-term liabilities 1 4
Deferred tax liabilities 48 47
Operating lease liabilities 407  
Other long-term liabilities 91 102
Total liabilities 11,836 9,990
Commitments and contingencies (Note 15)
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 9,000 shares authorized; 4,434 and 4,346 shares issued; 4,433 and 4,346 outstanding at September 30, 2019 and December 31, 2018, respectively 4 4
Accumulated other comprehensive income (loss), net of tax 3 (6)
Additional paid-in capital 638 242
Treasury stock, at cost; 1 and 0 shares of common stock at September 30, 2019 and December 31, 2018, respectively (7) 0
Accumulated deficit (1,386) (2,057)
Total stockholders’ equity (deficit) (748) (1,817)
Total liabilities and stockholders’ equity (deficit) $ 11,088 $ 8,173