XML 306 R31.htm IDEA: XBRL DOCUMENT v3.22.0.1

Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

As of December 31, 2021 and 2020, the Company’s debt was comprised of the following (in thousands, except as otherwise indicated):

																								Interest Payable						Balance as of December 31,
Debt Description						Issued						Maturity						Interest Rate												2021						2020
First Lien Term Loan due 2026						9/23/2019						9/23/2026						Adj. LIBOR + 2.75%						Quarterly						$	2,758,058					$	2,778,900
First Lien Revolving Credit Facility(1)						3/16/2018						6/23/2026						Adj. LIBOR + 2.75%						Quarterly						25,000						—
Second Lien Notes due 2028						1/28/2020						1/15/2028						6.250%						1/15 and 7/15						1,300,000						1,300,000
First Lien Notes due 2024						4/4/2019						4/15/2024						5.250%						2/15 and 8/15						750,000						750,000
First Lien Notes due 2026						4/4/2019						4/15/2026						5.750%						3/15 and 9/15						1,350,000						1,350,000
First Lien Notes due 2027						8/20/2020						8/31/2027						3.375%						6/15 and 12/15						1,000,000						1,000,000
First Lien Notes due 2029						7/29/2021						8/1/2029						4.125%						2/1 and 8/1						1,000,000						—
ADT Notes due 2022						7/5/2012						7/15/2022						3.500%						1/15 and 7/15						—						1,000,000
ADT Notes due 2023						1/14/2013						6/15/2023						4.125%						6/15 and 12/15						700,000						700,000
ADT Notes due 2032						5/2/2016						7/15/2032						4.875%						1/15 and 7/15						728,016						728,016
ADT Notes due 2042						7/5/2012						7/15/2042						4.875%						1/15 and 7/15						21,896						21,896
Receivables Facility						3/5/2020						11/20/2026						LIBOR + 0.85%						Monthly						199,056						75,775
Other debt(2)																														4,732						—
Total debt principal, excluding finance leases																														9,836,758						9,704,587
Plus: Finance lease obligations(3)																														93,080						61,328
Less: Unamortized debt discount, net																														(16,678)						(19,993)
Less: Unamortized deferred financing costs																														(64,014)						(64,638)
Less: Unamortized purchase accounting fair value adjustment and other																														(156,456)						(188,740)
Total debt																														9,692,690						9,492,544
Less: Current maturities of long-term debt																														(117,592)						(44,764)
Long-term debt																														$	9,575,098					$	9,447,780

__________________

(1)As of December 31, 2021 and 2020, the Company had $550 million and $400 million, respectively, in available borrowing capacity under the First Lien Revolving Credit Facility.

(2)Other debt includes vehicle loans acquired in the Sunpro Solar Acquisition.

(3)Refer to Note 13 “Leases” for additional information regarding the Company’s finance leases.

Schedule of Maturities of Long-term Debt

As of December 31, 2021, the aggregate annual maturities of debt, excluding finance leases, were as follows:

(in thousands)			2022						2023						2024						2025						2026						Thereafter						Total
Debt principal			$	78,863					$	783,298					$	825,006					$	63,115					$	4,036,565					$	4,049,911					$	9,836,758

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69B
-URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69E
-URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644

+ Details

Name:	us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration