v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 651,144 $ 724,479
Restricted cash 21,024 21,039
Accounts receivable, net of allowance for credit losses of $26,474 and $25,791 397,078 339,978
Prepaid expenses and other current assets 154,765 77,722
Total current assets 1,224,011 1,163,218
Property and equipment, net of accumulated depreciation of $1,905,703 and $1,895,791 251,089 248,399
Equity method investments 22,545 22,470
Goodwill 2,550,407 2,552,938
Deferred income taxes 6,139 8,113
Other assets, net 294,711 301,908
Total assets 4,678,325 4,634,929
Current liabilities    
Accounts payable 258,831 263,679
Accrued compensation and related benefits 62,225 114,937
Accrued subscriber incentives 277,902 265,065
Deferred revenues 72,369 72,111
Other accrued liabilities 212,922 195,769
Current portion of debt 232,907 230,214
Total current liabilities 1,117,156 1,141,775
Deferred income taxes 22,069 37,242
Other noncurrent liabilities 200,954 212,907
Long-term debt 4,884,699 4,834,776
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests 12,465 12,928
Stockholders’ deficit    
Common Stock: $0.01 par value; 1,000,000 authorized shares; 417,219 and 414,754 shares issued, 387,662 and 385,932 shares outstanding at March 31, 2025 and December 31, 2024, respectively 4,172 4,147
Additional paid-in capital 3,318,127 3,304,466
Treasury Stock, at cost, 29,557 and 28,822 shares at March 31, 2025 and December 31, 2024, respectively (529,233) (526,789)
Accumulated deficit (4,291,817) (4,327,152)
Accumulated other comprehensive loss (75,318) (73,747)
Noncontrolling interest 15,051 14,376
Total stockholders’ deficit (1,559,018) (1,604,699)
Total liabilities and stockholders’ deficit 4,678,325 4,634,929
Customer Relationships    
Current assets    
Finite lived intangible assets, net 186,905 192,064
Other Intangible Assets    
Current assets    
Finite lived intangible assets, net $ 142,518 $ 145,819