Balance Sheet Components (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash and Cash Equivalents

Cash and cash equivalents consisted of the following as of December 31 (in thousands):

	2022		2021
Cash and cash equivalents:
Cash	$	1,141,793	$	950,677
Cash equivalents:
Money market funds	764,628		585,681
Total cash and cash equivalents	$	1,906,421	$	1,536,358

Schedule of Accounts Receivable, Net

Accounts receivable, net, consisted of the following as of December 31 (in thousands):

	2022		2021
Accounts receivable	$	867,605	$	693,444
Allowance for credit losses	(12,225)		(11,635)
Accounts receivable, net	$	855,380	$	681,809

Schedule of Allowance for Credit Loss

The following table summarizes the activity of our allowance for credit losses (in thousands):

Balance as of December 31, 2019	$	13,026
Adjustments due to adoption of ASU 2016-13	900
Provision for credit losses	5,069
Net write-offs	(10,050)
Impact of foreign currency exchange	1,732
Balance as of December 31, 2020	10,677
Provision for credit losses	10,016
Net write-offs	(8,295)
Impact of foreign currency exchange	(763)
Balance as of December 31, 2021	11,635
Provision for credit losses	7,426
Net write-offs	(6,356)
Impact of foreign currency exchange	(480)
Balance as of December 31, 2022	$	12,225

Schedule of Other Current Assets

Other current assets consisted of the following as of December 31 (in thousands):

	2022		2021
Prepaid expenses	$	79,191	$	65,224
Taxes receivable	122,166		128,123
Restricted cash, current	1,734		12,188
Other receivables	109,948		59,224
Derivative instruments	105,693		117,432
Contract assets, current	27,608		65,392
Other current assets	12,798		15,156
Total other current assets	$	459,138	$	462,739

Schedule of Property, Plant and Equipment

Our estimated useful lives of property, plant and equipment are generally as follows:

Core systems	3	-	40 years
Buildings	12	-	60 years
Leasehold improvements	12	-	40 years
Personal Property, including capitalized internal-use software	3	-	10 years

Property, plant and equipment, net consisted of the following as of December 31 (in thousands):

	2022		2021
Core systems	$	11,616,863	$	10,808,417
Buildings	8,013,672		7,381,644
Leasehold improvements	1,991,060		2,022,617
Construction in progress	1,195,042		967,562
Personal property (1)	1,912,861		1,551,642
Land	1,252,993		970,982
	25,982,491		23,702,864
Less accumulated depreciation	(9,332,957)		(8,257,089)
Property, plant and equipment, net	$	16,649,534	$	15,445,775

(1)Personal property included $1.6 billion and $1.2 billion of capitalized internal-use software as of December 31, 2022 and 2021, respectively.

Schedule of Goodwill and Other Intangible Assets

The following table presents goodwill and other intangible assets, net, for the years ended December 31, 2022 and 2021 (in thousands):

	2022		2021
Goodwill:
Americas	$	2,630,752	$	2,210,009
EMEA	2,377,921		2,472,586
Asia-Pacific	645,544		689,476
	$	5,654,217	$	5,372,071
Intangible assets, net:
Intangible assets - customer relationships	$	2,885,152	$	2,841,372
Intangible assets - trade names	14,719		11,471
Intangible assets - in-place leases	22,183		32,760
Intangible assets - licenses	9,697		9,697
Intangible assets - at-the-money lease contracts	56,822		60,455
Intangible assets - other	8,029		12,546
	2,996,602		2,968,301
Accumulated amortization - customer relationships	(1,056,844)		(987,462)
Accumulated amortization - trade names	(4,561)		(3,207)
Accumulated amortization - in-place leases	(15,797)		(22,847)
Accumulated amortization - licenses	(6,467)		(5,821)
Accumulated amortization - at the money lease contracts	(10,056)		(5,553)
Accumulated amortization - other	(5,228)		(8,144)
	(1,098,953)		(1,033,034)
Total intangible assets, net	$	1,897,649	$	1,935,267

Schedule of Carrying Amount of Goodwill by Geographic Regions

Changes in the carrying amount of goodwill by geographic regions are as follows (in thousands):

	Americas		EMEA		Asia-Pacific		Total
Balance as of December 31, 2020	$	2,212,782	$	2,611,166	$	648,605	$	5,472,553
Purchase of GPX	—		—		77,162		77,162
Impact of foreign currency exchange	(2,773)		(138,580)		(36,291)		(177,644)
Balance as of December 31, 2021	$	2,210,009	$	2,472,586	$	689,476	$	5,372,071
Purchase of MainOne	—		110,648		—		110,648
Purchase of Entel Chile	380,867		—		—		380,867
Purchase of Entel Peru	46,285		—		—		46,285
Impact of foreign currency exchange	(6,409)		(205,313)		(43,932)		(255,654)
Balance as of December 31, 2022	$	2,630,752	$	2,377,921	$	645,544	$	5,654,217

Schedule of Net Book Value of Intangible Assets by Geographic Regions

Changes in the net book value of intangible assets by geographic regions are as follows (in thousands):

	Americas		EMEA		Asia-Pacific		Total
Balance as of December 31, 2019	$	1,443,292	$	466,564	$	192,533	$	2,102,389
Axtel acquisition	22,750		—		—		22,750
Packet acquisition	58,500		—		—		58,500
Bell acquisition	75,631		—		—		75,631
Other asset acquisition	—		64,905		—		64,905
Amortization of intangibles	(133,608)		(49,417)		(16,022)		(199,047)
Impact of foreign currency exchange	(3,476)		35,975		13,318		45,817
Balance as of December 31, 2020	1,463,089		518,027		189,829		2,170,945
GPX acquisition	—		—		15,472		15,472
Amortization of intangibles	(133,289)		(55,807)		(16,388)		(205,484)
Impact of foreign currency exchange	(2,047)		(30,278)		(13,341)		(45,666)
Balance as of December 31, 2021	1,327,753		431,942		175,572		1,935,267
Entel Chile acquisition	153,489		—		—		153,489
Entel Peru acquisition	10,000		—		—		10,000
MainOne acquisition	—		54,800		—		54,800
Amortization of intangibles	(137,358)		(52,283)		(15,114)		(204,755)
Impact of foreign currency exchange	(3,570)		(33,052)		(14,530)		(51,152)
Balance as of December 31, 2022	$	1,350,314	$	401,407	$	145,928	$	1,897,649

Schedule of Estimated Future Amortization Expense Related to Intangibles

Estimated future amortization expense related to these intangibles is as follows (in thousands):

Years ending:
2023	$	206,596
2024	205,550
2025	203,259
2026	202,658
2027	201,711
Thereafter	877,875
Total	$	1,897,649

Schedule of Other Assets

Other assets consisted of the following as of December 31 (in thousands):

	2022		2021
Deferred tax assets, net	$	44,628	$	59,816
Prepaid expenses (1)	150,617		87,758
Debt issuance costs, net	6,831		2,130
Deposits	64,337		70,548
Restricted cash	93		908
Derivative instruments	298,899		59,917
Contract assets, non-current	55,405		55,486
Contract costs	371,306		325,510
Equity method investments	348,145		245,049
Other assets	35,876		18,944
Total other assets	$	1,376,137	$	926,066

(1)Prepaid expenses included $84.2 million and $46.0 million of capitalized CCA implementation costs, net as of December 31, 2022 and 2021, respectively.

Schedule of Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consisted of the following as of December 31 (in thousands):

	2022		2021
Accounts payable	$	115,953	$	84,084
Accrued compensation and benefits	413,135		364,783
Accrued interest	85,052		81,893
Accrued taxes (1)	131,376		117,061
Accrued utilities and security	115,119		94,251
Accrued other	144,165		137,072
Total accounts payable and accrued expenses	$	1,004,800	$	879,144

(1)Accrued taxes included income taxes payable of $55.2 million and $51.3 million as of December 31, 2022 and 2021, respectively.

Schedule of Other Current Liabilities

Other current liabilities consisted of the following as of December 31 (in thousands):

	2022		2021
Deferred revenue, current	$	132,090	$	109,736
Customer deposits	15,896		16,380
Derivative instruments	24,868		13,373
Dividends payable, current	12,302		12,027
Asset retirement obligations	8,657		8,756
Other current liabilities	57,533		54,247
Total other current liabilities	$	251,346	$	214,519

Schedule of Other Liabilities

Other liabilities consisted of the following as of December 31 (in thousands):

	2022		2021
Asset retirement obligations	$	109,508	$	108,800
Deferred tax liabilities, net	383,359		340,287
Deferred revenue, non-current	155,334		87,495
Accrued taxes	59,806		124,032
Dividends payable, non-current	10,446		9,750
Customer deposits	4,998		1,534
Derivative instruments	8,820		20,899
Other liabilities	65,592		70,614
Total other liabilities	$	797,863	$	763,411

Schedule of Asset Retirement Obligation Liability

The following table summarizes the activities of our asset retirement obligation ("ARO") (in thousands):

Asset retirement obligations as of December 31, 2019	$	102,415
Additions	5,909
Adjustments (1)	(4,241)
Accretion expense	6,331
Impact of foreign currency exchange	3,355
Asset retirement obligations as of December 31, 2020	113,769
Additions	7,483
Adjustments (1)	(6,591)
Accretion expense	6,518
Impact of foreign currency exchange	(3,623)
Asset retirement obligations as of December 31, 2021	117,556
Additions	2,951
Adjustments (1)	(4,281)
Accretion expense	6,431
Impact of foreign currency exchange	(4,492)
Asset retirement obligations as of December 31, 2022	$	118,165

(1)The ARO adjustments are primarily due to lease amendments and acquisition of real estate assets, as well as other adjustments.