v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 127 $ 162
Prepaid expenses and other current assets 294 290
Total current assets 1,045 1,149
Property and equipment, net 2,181 2,109
FCC licenses 8,610 8,610
Other intangible assets, net 1,548 1,579
Goodwill 12,390 12,390
Equity method investments 1,025 1,043
Other long-term assets 627 641
Total assets 27,426 27,521
Current liabilities:    
Accounts payable and accrued expenses 1,154 1,284
Accrued interest 72 172
Current portion of deferred revenue 1,050 1,050
Current maturities of debt 61 61
Total current liabilities 2,479 2,731
Long-term deferred revenue 83 82
Long-term debt, including $596 and $594 measured at fair value, respectively (Note 11) 10,405 10,314
Deferred tax liabilities 2,196 2,220
Other long-term liabilities 1,051 1,100
Total liabilities 16,214 16,447
Commitments and contingencies (Note 14)
Stockholders’ equity (deficit):    
Common stock, par value $0.001 per share; 900000000 shares authorized; 339000000 shares issued and outstanding at each of March 31, 2025 and December 31, 2024 0 0
Accumulated other comprehensive loss, net of tax (44) (46)
Additional paid-in capital 0 0
Treasury stock, at cost; 27 thousand and 26 thousand shares of common stock at March 31, 2025 and December 31, 2024, respectively (1) (1)
Retained earnings 11,257 11,121
Total stockholders’ equity 11,212 11,074
Total liabilities and stockholders’ equity 27,426 27,521
Nonrelated Party    
Current assets:    
Receivables, net 601 676
Current liabilities:    
Other current liabilities 48 48
Related Party    
Current assets:    
Receivables, net 23 21
Current liabilities:    
Other current liabilities $ 94 $ 116