Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,124 $ 71
Receivables, net 654 672
Inventory, net 5 10
Related party current assets 11 20
Prepaid expenses and other current assets 335 194
Total current assets 2,129 967
Property and equipment, net 1,405 1,629
Intangible assets, net 3,263 3,340
Goodwill 3,150 3,122
Related party long-term assets 550 531
Deferred tax assets 111 111
Operating lease right-of-use assets 379 427
Other long-term assets 214 206
Total assets 11,201 10,333
Current liabilities:    
Accounts payable and accrued expenses 1,132 1,223
Accrued interest 173 174
Current portion of deferred revenue 1,583 1,721
Current maturities of debt 998 1
Operating lease current liabilities 51 48
Total current liabilities 3,937 3,167
Long-term deferred revenue 110 118
Long-term debt 8,835 8,499
Deferred tax liabilities 307 266
Operating lease liabilities 388 419
Other long-term liabilities 139 149
Total liabilities 13,716 12,618
Commitments and contingencies
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 9,000 shares authorized; 4,059 and 4,176 shares issued; 4,058 and 4,173 shares outstanding at June 30, 2021 and December 31, 2020, respectively 4 4
Accumulated other comprehensive income, net of tax 27 15
Additional paid-in capital 0 0
Treasury stock, at cost; 1 and 3 shares of common stock at June 30, 2021 and December 31, 2020, respectively (7) (19)
Accumulated deficit (2,539) (2,285)
Total stockholders’ equity (deficit) (2,515) (2,285)
Total liabilities and stockholders’ equity (deficit) $ 11,201 $ 10,333