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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 153,805 $ 198,486
Restricted cash 30,165 29,430
Accounts receivable, net of allowance for credit losses of $9,193 and $9,762, respectively 87,955 96,934
Due from T-Mobile, IP Transit Services Agreement, current portion, net of discount of $15,332 and $16,915, respectively 84,668 83,085
Due from T-Mobile, Transition Services Agreement   62
Prepaid expenses and other current assets 66,088 74,104
Total current assets 422,681 482,101
Property and equipment:    
Property and equipment 3,428,294 3,319,731
Accumulated depreciation and amortization (1,736,435) (1,655,564)
Total property and equipment, net 1,691,859 1,664,167
Right-of-use leased assets 324,533 324,315
IPv4 intangible assets 458,000 458,000
Other intangible assets, net 12,591 13,029
Deposits and other assets 30,636 29,596
Due from T-Mobile, IP Transit Services Agreement, net of discount of $9,029 and $12,312, respectively 157,637 179,534
Due from T-Mobile, Purchase Agreement, net of discount of $5,330 and $5,755, respectively 22,785 22,360
Total assets 3,120,722 3,173,102
Current liabilities:    
Accounts payable 55,850 39,805
Accrued and other current liabilities 146,698 134,609
Due to T-Mobile - Transition Services Agreement 218 525
Current maturities, operating lease liabilities 55,973 57,172
Finance lease obligations, current maturities 24,685 21,225
Total current liabilities 283,424 253,336
Operating lease liabilities, net of current maturities 295,864 302,004
Finance lease obligations, net of current maturities 543,852 517,161
Deferred income tax liabilities 379,712 398,266
Other long-term liabilities 34,340 40,129
Total liabilities 2,977,878 2,950,254
Commitments and contingencies:
Stockholders' equity:    
Common stock, $0.001 par value; 75,000,000 shares authorized; 49,337,310 and 49,034,925 shares issued and outstanding, respectively 49 49
Additional paid-in capital 639,248 629,829
Accumulated other comprehensive loss (18,933) (30,685)
Accumulated deficit (477,520) (376,345)
Total stockholders' equity 142,844 222,848
Total liabilities and stockholders' equity 3,120,722 3,173,102
Senior secured 2026 Notes    
Current liabilities:    
Secured notes 499,286 499,126
Senior unsecured 2027 Notes    
Current liabilities:    
Senior unsecured 2027 notes, net of unamortized debt costs of $1,824 and $2,013, respectively, and discounts of $6,395 and $7,053, respectively 741,781 740,934
IPv4 Notes    
Current assets:    
Restricted cash 7,700  
Current liabilities:    
Secured notes $ 199,619 $ 199,298