XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 192,366 $ 223,783
Restricted cash 51,587 52,129
Accounts receivable, net of allowance for credit losses of $4,882 and $2,303, respectively 89,207 44,123
Due from T-Mobile, IP Transit Services Agreement, current portion, net of discount of $32,391 291,160  
Due from T-Mobile, Transition Services Agreement 7,015  
Prepaid expenses and other current assets 81,854 45,878
Total current assets 713,189 365,913
Property and equipment:    
Property and equipment 2,856,108 1,714,906
Accumulated depreciation and amortization (1,248,667) (1,170,476)
Total property and equipment, net 1,607,441 544,430
Right-of-use leased assets 415,602 81,601
Intangible assets, net 56,070  
Deposits and other assets 22,169 18,238
Due from T-Mobile, IP Transit Services Agreement, net of discount of $39,550 307,732  
Due from T-Mobile, Purchase Agreement, net of discount of $16,526 40,534  
Total assets 3,162,737 1,010,182
Current liabilities:    
Accounts payable 30,278 27,208
Accrued and other current liabilities 117,612 63,889
Due to T-Mobile - Transition Services Agreement 118,777  
Due to T-Mobile - Purchase Agreement 3,492  
Current maturities, operating lease liabilities 125,551 12,005
Finance lease obligations, current maturities 20,114 17,182
Total current liabilities 415,824 120,284
Operating lease liabilities, net of current maturities 455,713 94,587
Finance lease obligations, net of current maturities 311,405 287,044
Deferred income tax liabilities 424,507  
Other long-term liabilities 71,173 82,636
Total liabilities 2,623,537 1,528,814
Commitments and contingencies:
Stockholders' equity (deficit):    
Common stock, $0.001 par value; 75,000,000 shares authorized; 48,617,162 and 48,013,330 shares issued and outstanding, respectively 49 48
Additional paid-in capital 589,573 575,064
Accumulated other comprehensive loss (15,627) (19,156)
Accumulated deficit (34,795) (1,074,588)
Total stockholders' equity (deficit) 539,200 (518,632)
Total liabilities and stockholders' equity (deficit) 3,162,737 1,010,182
Senior secured 2026 Notes    
Current liabilities:    
Senior secured 2026 notes, net of unamortized debt costs of $776 and $905, respectively, and discount of $1,032 and $1,203, respectively 498,192 497,892
Senior unsecured 2027 Notes    
Current liabilities:    
Senior unsecured 2027 notes, net of unamortized debt costs of $1,059 and $1,173, respectively, and discount of $2,218 and $2,456, respectively $ 446,723 $ 446,371