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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 357 $ 589
Restricted cash 1 23
Accounts receivable, net of allowance for doubtful accounts 97 95
Inventories 31 29
Prepaid expenses 13 13
Other current assets 30 23
Current assets held for sale [1] 0 648
Total current assets 529 1,420
Property, equipment, land and leasehold improvements, net 3,202 3,141
Operating lease assets, net 336 0
Investment in unconsolidated business 9 8
Goodwill 2,043 2,043
Intangible assets, net 729 789
Other noncurrent assets 13 43
Total assets 6,861 7,444
Current liabilities:    
Due to Manager-related party 3 3
Accounts payable 67 38
Accrued expenses 86 86
Current portion of long-term debt 12 361
Operating lease liabilities - current 20 0
Other current liabilities 42 33
Current liabilities held for sale [1] 0 317
Total current liabilities 230 838
Long-term debt, net of current portion 2,654 2,653
Deferred income taxes 679 681
Operating lease liabilities - noncurrent 320 0
Other noncurrent liabilities 167 155
Total liabilities 4,050 4,327
Commitments and contingencies 0 0
Stockholders' equity:    
Additional paid in capital [2] 1,198 1,510
Accumulated other comprehensive loss [2] (37) (30)
Retained earnings [2] 1,641 1,485
Total stockholders’ equity [2] 2,802 2,965
Noncontrolling interests [3] 9 152
Total equity 2,811 3,117
Total liabilities and equity $ 6,861 $ 7,444
[1]
See Note 5, “Discontinued Operations and Dispositions”, for further discussions 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 December 31, 2019 and 2018, the Company had 86,600,302 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 December 31, 2019 and 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 December 31, 2019 and 2018. See Note 11, “Stockholders’ Equity”, for further discussions.
[3]
Includes $141 million of noncontrolling interest related to discontinued operations at December 31, 2018. See Note 5, “Discontinued Operations and Dispositions”, for further discussions.