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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 426,118 $ 724,479
Restricted cash 21,025 21,039
Accounts receivable, net of allowance for credit losses of $20,799 and $23,557 329,198 286,601
Prepaid expenses and other current assets 105,382 76,518
Current assets held for sale 70,835 54,581
Total current assets 952,558 1,163,218
Property and equipment, net of accumulated depreciation of $1,695,286 and $1,696,135 244,584 233,785
Equity method investments 21,985 22,470
Goodwill 2,385,144 2,383,380
Deferred income taxes 6,867 8,113
Other assets, net 262,022 272,876
Long-term assets held for sale 245,223 235,802
Total assets 4,419,145 4,634,929
Current liabilities    
Accounts payable 246,729 242,992
Accrued compensation and related benefits 59,333 105,533
Accrued subscriber incentives 259,728 265,065
Deferred revenues 56,582 60,200
Other accrued liabilities 229,530 186,563
Current portion of debt 42,526 230,214
Current liabilities held for sale 52,224 51,207
Total current liabilities 946,652 1,141,774
Deferred income taxes 59,235 30,120
Other noncurrent liabilities 194,520 204,041
Long-term debt 4,997,092 4,834,776
Long-term liabilities held for sale 14,060 15,989
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests 11,896 12,928
Stockholders’ deficit    
Common Stock: $0.01 par value; 1,000,000 authorized shares; 426,603 and 414,754 shares issued, 394,498 and 385,932 shares outstanding at June 30, 2025 and December 31, 2024, respectively 4,266 4,147
Additional paid-in capital 3,330,719 3,304,466
Treasury Stock, at cost, 32,105 and 28,822 shares at June 30, 2025 and December 31, 2024, respectively (536,762) (526,789)
Accumulated deficit (4,548,181) (4,327,152)
Accumulated other comprehensive loss (69,803) (73,747)
Noncontrolling interest 15,451 14,376
Total stockholders’ deficit (1,804,310) (1,604,699)
Total liabilities and stockholders’ deficit 4,419,145 4,634,929
Customer Relationships    
Current assets    
Finite lived intangible assets, net 168,800 177,874
Other Intangible Assets    
Current assets    
Finite lived intangible assets, net $ 131,962 $ 137,411