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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 473 $ 589
Restricted cash 1 23
Accounts receivable, net of allowance for doubtful accounts 89 95
Inventories 29 29
Prepaid expenses 15 13
Other current assets 23 23
Current assets held for sale [1] 0 648
Total current assets 630 1,420
Property, equipment, land and leasehold improvements, net 3,153 3,141
Operating lease assets, net 330 0
Investment in unconsolidated business 9 8
Goodwill 2,043 2,043
Intangible assets, net 745 789
Other noncurrent assets 14 43
Total assets 6,924 7,444
Current liabilities:    
Due to Manager-related party 3 3
Accounts payable 48 38
Accrued expenses 80 86
Current portion of long-term debt 11 361
Operating lease liabilities – current 20 0
Income taxes payable 47 0
Other current liabilities 40 33
Current liabilities held for sale [1] 0 317
Total current liabilities 249 838
Long-term debt, net of current portion 2,654 2,653
Deferred income taxes 665 681
Operating lease liabilities – noncurrent 314 0
Other noncurrent liabilities 159 155
Total liabilities 4,041 4,327
Commitments and contingencies 0 0
Stockholders' equity:    
Additional paid in capital [2] 1,276 1,510
Accumulated other comprehensive loss [2] (29) (30)
Retained earnings [2] 1,627 1,485
Total stockholders’ equity [2] 2,874 2,965
Noncontrolling interests [3] 9 152
Total equity 2,883 3,117
Total liabilities and equity $ 6,924 $ 7,444
[1]
See Note 3, “Discontinued Operations and Dispositions”, for further discussion on assets and liabilities held for sale.
[2]
The Company is authorized to issue the following classes of stock: (i) 500,000,000 shares of common stock, par value $0.001 per share. At September 30, 2019 and December 31, 2018, the Company had 86,394,716 shares and 85,800,303 shares of common stock issued and outstanding, respectively; (ii) 100,000,000 shares of preferred stock, par value $0.001 per share. At September 30, 2019 and December 31, 2018, no preferred stocks were issued or outstanding; and (iii) 100 shares of special stock, par value $0.001 per share, issued and outstanding to its Manager as at September 30, 2019 and December 31, 2018.
[3]
Includes $141 million of noncontrolling interest related to discontinued operations at December 31, 2018. See Note 3, “Discontinued Operations and Dispositions”, for further discussions.