v3.25.2
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
The following table reconciles the amounts below reported in the Condensed Consolidated Balance Sheets to the total of the same such amounts shown in the Condensed Consolidated Statements of Cash Flows:
(in thousands)June 30, 2025December 31, 2024
Cash and cash equivalents$45,195 $96,212 
Restricted cash and restricted cash equivalents(1)
107,247 107,853 
Ending balance$152,442 $204,065 
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(1)    Primarily includes the Opportunity Fund in connection with the State Farm Development Agreement (both as defined and discussed in Note 14 “Related Party Transactions”). Use of the funds must be agreed to by State Farm Fire & Casualty Company (“State Farm”) and the Company. The remaining balance relates to the Company’s uncommitted receivables securitization financing agreement (the “2020 Receivables Facility”) (refer to Note 6 “Debt”).
Schedule of Subscriber System Assets
(in thousands)June 30, 2025December 31, 2024
Gross carrying amount$7,051,746 $6,878,490 
Accumulated depreciation(4,136,851)(3,897,329)
Subscriber system assets, net$2,914,895 $2,981,161 
Schedule of Subscriber System Asset and Deferred Subscriber Acquisition Costs of Depreciation and Amortization
Depreciation of subscriber system assets and amortization of deferred subscriber acquisition costs are reflected in depreciation and intangible asset amortization and SG&A, respectively, as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Depreciation of subscriber system assets$138,827 $139,306 $278,201 $277,609 
Amortization of deferred subscriber acquisition costs
$62,149 $54,730 $122,507 $109,335 
Schedule of Accrued Expenses and Other Current Liabilities
(in thousands)June 30, 2025December 31, 2024
Accrued interest$100,804 $107,116 
Payroll-related accruals87,069 109,078 
Opportunity Fund (see Note 14 “Related Party Transactions”)
82,206 84,516 
Accrued dividends45,789 48,918 
Physically settled forward share repurchase liabilities (see Note 9 “Equity”)
1,267 104,175 
Other accrued liabilities203,200 181,101 
Accrued expenses and other current liabilities$520,335 $634,904 
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments and Securities
June 30, 2025December 31, 2024
(in thousands)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Long-term debt instruments(1) (see Note 6 “Debt”)
$7,759,364 $7,830,226 $7,637,631 $7,589,677 
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(1)    Excludes finance leases.
Schedule of Carrying Values and Fair Values of Retail Installment Contract Receivables
June 30, 2025December 31, 2024
(in thousands)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Retail installment contract receivables, net$658,308 $506,408 $669,326 $495,259