XML 22 R5.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 1,499,665 $ 436,176
Accounts receivable, net 255,468 546,533
Prepaid expenses and other current assets 132,972 139,211
Total current assets 1,888,105 1,121,920
Property and equipment, net of accumulated depreciation 363,491 641,722
Equity method investments 24,265 27,494
Goodwill 2,636,546 2,633,251
Finite lived intangible assets, net 511,366 573,653
Deferred income taxes 24,181 21,812
Other assets, net 629,768 670,105
Total assets 6,077,722 5,689,957
Current liabilities    
Accounts payable 115,229 187,187
Accrued compensation and related benefits 86,830 94,368
Accrued subscriber incentives 100,963 316,254
Deferred revenues 99,470 84,661
Other accrued liabilities 193,383 189,548
Current portion of debt 26,068 81,614
Tax Receivable Agreement 0 71,911
Total current liabilities 621,943 1,025,543
Deferred income taxes 72,744 107,402
Other noncurrent liabilities 380,621 347,522
Long-term debt 4,639,782 3,261,821
Commitments and contingencies (Note 17)
Stockholders’ equity    
Preferred stock; $0.01 par value, 225,000 authorized, 3,340 and no shares issued and outstanding as of December 31, 2020 and 2019, respectively; aggregate liquidation value of $334,000 and $— as of December 31, 2020 and 2019, respectively 33 0
Common stock: $0.01 par value; 1,000,000 authorized shares; 338,662 and 294,319 shares issued, 317,297 and 273,733 shares outstanding at December 31, 2020 and 2019, respectively 3,387 2,943
Additional paid-in capital 3,052,953 2,317,544
Treasury stock, at cost, 21,365 and 20,587 shares at December 31, 2020 and 2019, respectively (474,790) (468,618)
Accumulated deficit (2,090,022) (763,482)
Accumulated other comprehensive loss (135,957) (149,306)
Noncontrolling interest 7,028 8,588
Total stockholders’ equity 362,632 947,669
Total liabilities and stockholders’ equity 6,077,722 5,689,957
Acquired customer relationships, net of accumulated amortization    
Current assets    
Finite lived intangible assets, net 289,150 311,015
Other intangible assets, net of accumulated amortization    
Current assets    
Finite lived intangible assets, net $ 222,216 $ 262,638