Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,770 $ 106
Receivables, net 497 670
Inventory, net 12 11
Related party current assets 11 22
Prepaid expenses and other current assets 205 194
Total current assets 2,495 1,003
Property and equipment, net 1,592 1,626
Intangible assets, net 3,398 3,467
Goodwill 3,860 3,843
Related party long-term assets 512 452
Deferred tax assets 41 153
Operating lease right-of-use assets 438 466
Other long-term assets 129 139
Total assets 12,465 11,149
Current liabilities:    
Accounts payable and accrued expenses 1,022 1,151
Accrued interest 157 160
Current portion of deferred revenue 1,833 1,930
Current maturities of debt 1,492 2
Operating lease current liabilities 46 46
Related party current liabilities 2 4
Total current liabilities 4,552 3,293
Long-term deferred revenue 123 130
Long-term debt 7,841 7,842
Deferred tax liabilities 70 70
Operating lease liabilities 430 456
Other long-term liabilities 117 94
Total liabilities 13,133 11,885
Commitments and contingencies (Note 16)
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 9,000 shares authorized; 4,355 and 4,412 shares issued; 4,353 and 4,412 shares outstanding at June 30, 2020 and December 31, 2019, respectively 4 4
Accumulated other comprehensive (loss) income, net of tax (7) 8
Additional paid-in capital (49) 395
Treasury stock, at cost; 2 and 0 shares of common stock at June 30, 2020 and December 31, 2019, respectively (9) 0
Accumulated deficit (607) (1,143)
Total stockholders’ equity (deficit) (668) (736)
Total liabilities and stockholders’ equity (deficit) $ 12,465 $ 11,149