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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 198,486 $ 75,092
Restricted cash 29,430 38,689
Accounts receivable, net of allowance for credit losses of $9,762 and $3,677, respectively 96,934 135,475
Due from T-Mobile, IP Transit Services Agreement, current portion, net of discount of $16,915 and $24,898, respectively 83,085 179,269
Due from T-Mobile, Transition Services Agreement 62 4,514
Prepaid expenses and other current assets 74,104 80,588
Total current assets 482,101 513,627
Property and equipment:    
Property and equipment 3,319,731 2,947,376
Accumulated depreciation and amortization (1,655,564) (1,409,559)
Total property and equipment, net 1,664,167 1,537,817
Right-of-use leased assets 324,315 361,587
IPv4 intangible assets 458,000 458,000
Other intangible assets, net 13,029 14,815
Due from T-Mobile, IP Transit Services Agreement, net of discount of $12,132 and $27,916, respectively 179,534 263,750
Due from T-Mobile, Purchase Agreement, net of discount of $5,755 and $13,725, respectively 22,360 38,585
Deposits and other assets 29,596 23,438
Total assets 3,173,102 3,211,619
Current liabilities:    
Accounts payable 39,805 48,356
Accrued and other current liabilities 134,609 120,523
Due to T-Mobile - Transition Services Agreement 525 66,908
Due to T-Mobile - Purchase Agreement   4,981
Current maturities, operating lease liabilities 57,172 67,962
Finance lease obligations, current maturities 21,225 64,594
Total current liabilities 253,336 373,324
Operating lease liabilities, net of current maturities 302,004 330,095
Finance lease obligations, net of current maturities 517,161 419,921
Deferred income tax liabilities 398,266 471,498
Other long-term liabilities 40,129 61,639
Total liabilities 2,950,254 2,602,063
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value; 75,000,000 shares authorized; 49,034,925 and 48,608,569 shares issued and outstanding, respectively 49 49
Additional paid-in capital 629,829 606,755
Accumulated other comprehensive loss (30,685) (14,385)
Accumulated (deficit) earnings (376,345) 17,137
Total stockholders' equity 222,848 609,556
Total liabilities and stockholders' equity 3,173,102 3,211,619
Senior secured 2026 Notes    
Current liabilities:    
Secured notes 499,126 498,498
Senior unsecured 2027 Notes    
Current liabilities:    
Senior unsecured 2027 notes, net of unamortized debt costs of $2,013 and $941, respectively, and discounts of $7,053 and $1,970, respectively 740,934 $ 447,088
Secured IPv4 notes    
Current assets:    
Restricted cash 7,100  
Current liabilities:    
Secured notes $ 199,298