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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 643,575 $ 791,555
Restricted cash 21,026 118,558
Accounts receivable, net of allowance for credit losses of $21,431 and $17,953 367,118 311,870
Prepaid expenses and other current assets 102,087 74,055
Total current assets 1,133,806 1,296,038
Property and equipment, net of accumulated depreciation of $1,739,141 and $1,724,044 261,043 255,323
Equity method investments 23,076 23,082
Goodwill 2,382,974 2,384,191
Deferred income taxes 4,517 3,874
Other assets, net 250,170 254,738
Total assets 4,332,512 4,502,128
Current liabilities    
Accounts payable 207,627 260,035
Accrued compensation and related benefits 83,832 103,521
Accrued subscriber incentives 299,168 289,095
Deferred revenues 54,500 58,413
Other accrued liabilities 225,663 256,856
Current portion of debt 354,684 245,651
Total current liabilities 1,225,474 1,213,571
Deferred income taxes 36,254 36,614
Other noncurrent liabilities 173,262 173,172
Long-term debt 3,911,577 4,103,208
Commitments and contingencies (Note 14)
Redeemable noncontrolling interests 11,625 12,057
Stockholders’ deficit    
Common Stock: $0.01 par value; 1,000,000 authorized shares; 427,742 and 427,366 shares issued, 395,311 and 395,004 shares outstanding at March 31, 2026 and December 31, 2025, respectively 4,278 4,274
Additional paid-in capital 3,354,189 3,351,111
Treasury Stock, at cost, 32,431 and 32,362 shares at March 31, 2026 and December 31, 2025, respectively (537,302) (537,197)
Accumulated deficit (3,794,419) (3,802,535)
Accumulated other comprehensive loss (67,260) (66,656)
Noncontrolling interest 14,834 14,509
Total stockholders’ deficit (1,025,680) (1,036,494)
Total liabilities and stockholders’ deficit 4,332,512 4,502,128
Customer Relationships    
Current assets    
Finite lived intangible assets, net 154,618 159,326
Other Intangible Assets    
Current assets    
Finite lived intangible assets, net $ 122,308 $ 125,556