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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 147,088 $ 198,486
Restricted cash 79,206 29,430
Accounts receivable, net of allowance for credit losses of $6,406 and $9,762, respectively 95,853 96,934
Due from T-Mobile, IP Transit Services Agreement, current portion, net of discount of $12,076 and $16,915, respectively 87,924 83,085
Due from T-Mobile, Transition Services Agreement 231 62
Prepaid expenses and other current assets 69,467 74,104
Total current assets 479,769 482,101
Property and equipment:    
Property and equipment 3,584,540 3,319,731
Accumulated depreciation and amortization (1,871,828) (1,655,564)
Total property and equipment, net 1,712,712 1,664,167
Right-of-use leased assets 318,701 324,315
IPv4 intangible asset 458,000 458,000
Other intangible assets, net 11,699 13,029
Deposits and other assets 31,147 29,596
Due from T-Mobile, IP Transit Services Agreement, net of discount of $4,083 and $12,312, respectively 112,584 179,534
Due from T-Mobile, Purchase Agreement, net of discount of $4,455 and $5,755, respectively 23,659 22,360
Total assets 3,148,271 3,173,102
Current liabilities:    
Accounts payable 28,390 39,805
Accrued and other current liabilities 129,021 134,609
Due to T-Mobile - Transition Services Agreement 18 525
Current maturities, operating lease liabilities 55,127 57,172
Finance lease obligations, current maturities 24,990 21,225
Total current liabilities 237,546 253,336
Operating lease liabilities, net of current maturities 278,761 302,004
Finance lease obligations, net of current maturities 576,851 517,161
Deferred income tax liabilities 351,544 398,266
Other long-term liabilities 30,275 40,129
Total liabilities 3,187,441 2,950,254
Commitments and contingencies:
Stockholders' (deficit) equity:    
Common stock, $0.001 par value; 75,000,000 shares authorized; 49,121,159 and 49,034,925 shares issued and outstanding, respectively 49 49
Additional paid-in capital 637,710 629,829
Accumulated other comprehensive loss (1,432) (30,685)
Accumulated deficit (675,497) (376,345)
Total stockholders' (deficit) equity (39,170) 222,848
Total liabilities and stockholders' (deficit) equity 3,148,271 3,173,102
Senior secured 2026 notes    
Current liabilities:    
Secured notes   499,126
Senior unsecured 2027 notes    
Current liabilities:    
Senior unsecured 2027 notes, net of unamortized debt costs of $1,436 and $2,013, respectively, and discounts of $5,041 and $7,053, respectively 743,523 740,934
Secured IPv4 notes    
Current assets:    
Restricted cash 65,400 7,100
Current liabilities:    
Secured notes 371,023 $ 199,298
Senior secured 2032 notes    
Current liabilities:    
Secured notes $ 597,918