Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.22.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 76 $ 191
Receivables, net 650 722
Related party current assets 13 21
Prepaid expenses and other current assets 317 246
Total current assets 1,056 1,180
Property and equipment, net 1,458 1,450
Intangible assets, net 3,166 3,186
Goodwill 3,180 3,151
Related party long-term assets 541 526
Deferred tax assets 200 200
Operating lease right-of-use assets 346 358
Other long-term assets 216 223
Total assets 10,163 10,274
Current liabilities:    
Accounts payable and accrued expenses 1,179 1,299
Accrued interest 71 173
Current portion of deferred revenue 1,451 1,454
Operating lease current liabilities 52 49
Related party current liabilities 68 5
Total current liabilities 2,821 2,980
Long-term deferred revenue 91 97
Long-term debt 9,832 8,832
Deferred tax liabilities 512 478
Operating lease liabilities 344 362
Other long-term liabilities 150 150
Total liabilities 13,750 12,899
Commitments and contingencies
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 9,000 shares authorized; 3,940 and 3,968 shares issued; 3,940 and 3,967 shares outstanding at March 31, 2022 and December 31, 2021, respectively 4 4
Accumulated other comprehensive income, net of tax 23 15
Additional paid-in capital 0 0
Treasury stock, at cost; — and 1 shares of common stock at March 31, 2022 and December 31, 2021, respectively (2) (8)
Accumulated deficit (3,612) (2,636)
Total stockholders’ equity (deficit) (3,587) (2,625)
Total liabilities and stockholders’ equity (deficit) $ 10,163 $ 10,274