v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 3,875 $ 80,817
Restricted cash and restricted cash equivalents 24,162 27,723
Accounts receivable, net of allowance for credit losses of $73,556 and $63,841, respectively 373,035 384,909
Inventories, net 183,658 201,778
Prepaid expenses and other current assets 179,630 250,325
Total current assets 764,360 945,552
Property and equipment, net 283,653 243,398
Subscriber system assets, net 2,695,659 2,790,879
Intangible assets, net 4,806,674 4,817,996
Goodwill 4,991,601 4,885,574
Deferred subscriber acquisition costs, net 1,508,923 1,451,841
Other assets 688,186 683,271
Total assets 15,739,056 15,818,511
Current liabilities:    
Current maturities of long-term debt 240,524 310,204
Accounts payable 191,624 106,980
Deferred revenue 245,144 243,724
Accrued expenses and other current liabilities 430,698 352,040
Total current liabilities 1,107,990 1,012,948
Long-term debt 7,447,063 7,379,430
Deferred subscriber acquisition revenue 2,061,789 2,083,580
Deferred tax liabilities 1,298,254 1,267,329
Other liabilities 346,520 296,614
Total liabilities 12,261,616 12,039,901
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, 2026 and December 31, 2025 0 0
Additional paid-in capital 6,104,965 6,679,222
Accumulated deficit (2,667,945) (2,907,255)
Accumulated other comprehensive income (loss) 33,084 (1,556)
Total stockholders' equity 3,477,440 3,778,610
Total liabilities and stockholders' equity 15,739,056 15,818,511
Common Stock    
Stockholders' equity:    
Common stock 6,789 7,652
Class B Common Stock    
Stockholders' equity:    
Common stock $ 547 $ 547