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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,156 $ 357
Restricted cash 1 1
Accounts receivable, net of allowance for doubtful accounts 71 97
Inventories 24 31
Prepaid expenses 14 13
Income tax receivable 12 11
Other current assets 16 19
Total current assets 1,294 529
Property, equipment, land and leasehold improvements, net 3,220 3,202
Operating lease assets, net 332 336
Investment in unconsolidated business 8 9
Goodwill 2,044 2,043
Intangible assets, net 717 729
Other noncurrent assets 11 13
Total assets 7,626 6,861
Current liabilities:    
Due to Manager-related party 2 3
Accounts payable 34 67
Accrued expenses 83 86
Current portion of long-term debt 286 12
Operating lease liabilities - current 19 20
Fair value of derivative liabilities 13 7
Other current liabilities 26 35
Total current liabilities 463 230
Long-term debt, net of current portion 3,253 2,654
Deferred income taxes 679 679
Operating lease liabilities - noncurrent 318 320
Other noncurrent liabilities 169 167
Total liabilities 4,882 4,050
Commitments and contingencies 0 0
Stockholders' equity:    
Additional paid in capital [1] 1,123 1,198
Accumulated other comprehensive loss [1] (40) (37)
Retained earnings [1] 1,652 1,641
Total stockholders’ equity [1] 2,735 2,802
Noncontrolling interests [1] 9 9
Total equity [1] 2,744 2,811
Total liabilities and equity $ 7,626 $ 6,861
[1]
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 March 31, 2020 and December 31, 2019, the Company had 86,814,466 shares and 86,600,302 shares of common stock issued and outstanding, respectively; (ii) 100,000,000 shares of preferred stock, par value $0.001 per share authorized. At March 31, 2020 and December 31, 2019, 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 March 31, 2020 and December 31, 2019.