v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 45,195 $ 96,212
Restricted cash and restricted cash equivalents 107,247 107,853
Accounts receivable, net of allowance for credit losses of $66,840 and $57,795, respectively 406,594 393,511
Inventories, net 185,690 196,731
Prepaid expenses and other current assets 195,532 210,613
Total current assets 940,258 1,004,920
Property and equipment, net 240,770 247,183
Subscriber system assets, net 2,914,895 2,981,161
Intangible assets, net 4,875,837 4,854,099
Goodwill 4,903,899 4,903,899
Deferred subscriber acquisition costs, net 1,390,392 1,324,376
Other assets 706,019 735,319
Total assets 15,972,070 16,050,957
Current liabilities:    
Current maturities of long-term debt 1,064,298 195,791
Accounts payable 187,125 153,537
Deferred revenue 252,856 247,785
Accrued expenses and other current liabilities 520,335 634,904
Current liabilities of discontinued operations 27,272 31,763
Total current liabilities 2,051,886 1,263,780
Long-term debt 6,751,094 7,511,282
Deferred subscriber acquisition revenue 2,090,428 2,067,608
Deferred tax liabilities 1,169,753 1,167,213
Other liabilities 235,549 224,384
Noncurrent liabilities of discontinued operations 13,981 15,889
Total liabilities 12,312,691 12,250,156
Commitments and contingencies (See Note 12)
Stockholders' equity:    
Preferred stock—authorized 1,000,000 shares of $0.01 par value; zero issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Additional paid-in capital 6,764,716 7,117,098
Accumulated deficit (3,106,714) (3,318,174)
Accumulated other comprehensive income (loss) (6,950) (7,036)
Total stockholders' equity 3,659,379 3,800,801
Total liabilities and stockholders' equity 15,972,070 16,050,957
Common Stock    
Stockholders' equity:    
Common stock 7,780 8,366
Class B Common Stock    
Stockholders' equity:    
Common stock $ 547 $ 547