Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 100 $ 216
Prepaid expenses and other current assets 324 310
Total current assets 1,100 1,271
Property and equipment, net 1,874 1,754
Intangible assets, net 2,864 2,905
Goodwill 3,249 3,249
Equity method investments 1,426 526
Deferred tax assets 155 155
Operating lease right-of-use assets 283 279
Other long-term assets 234 235
Total assets 11,185 10,374
Current liabilities:    
Accounts payable and accrued expenses 1,118 1,306
Accrued interest 167 166
Current portion of deferred revenue 1,128 1,195
Current maturities of debt 5 505
Operating lease current liabilities 45 46
Related party current liabilities 95 8
Total current liabilities 2,558 3,226
Long-term deferred revenue 83 88
Long-term debt 9,044 8,690
Deferred tax liabilities 479 509
Operating lease liabilities 296 292
Other long-term liabilities 838 134
Total liabilities 13,298 12,939
Commitments and contingencies (Note 14)
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 9,000 shares authorized; 3,851 and 3,843 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 4 4
Accumulated other comprehensive (loss) income, net of tax (7) 3
Accumulated deficit (2,110) (2,572)
Total stockholders’ equity (deficit) (2,113) (2,565)
Total liabilities and stockholders’ equity (deficit) 11,185 10,374
Nonrelated Party    
Current assets:    
Receivables, net 644 709
Related Party    
Current assets:    
Receivables, net $ 32 $ 36