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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 706,148 $ 794,888
Restricted cash 21,036 21,035
Accounts receivable, net of allowance for credit losses of $42,458 and $38,815 441,214 353,587
Prepaid expenses and other current assets 177,365 191,979
Total current assets 1,345,763 1,361,489
Property and equipment, net of accumulated depreciation of $1,896,352 and $1,939,215 234,166 229,419
Equity method investments 21,466 22,401
Goodwill 2,558,422 2,542,087
Deferred income taxes 36,292 38,892
Other assets, net 337,267 358,333
Total assets 4,924,561 4,962,875
Current liabilities    
Accounts payable 216,601 171,068
Accrued compensation and related benefits 125,692 122,022
Accrued subscriber incentives 243,480 218,761
Deferred revenues 84,961 66,503
Other accrued liabilities 224,537 213,737
Current portion of debt 4,040 23,480
Total current liabilities 899,311 815,571
Deferred income taxes 27,558 38,629
Other noncurrent liabilities 268,780 264,411
Long-term debt 4,797,554 4,717,091
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests 15,014 0
Stockholders’ deficit    
Preferred stock, $0.01 par value, 225,000 authorized, 3,290 issued and outstanding as of June 30, 2023 and December 31, 2022; aggregate liquidation value of $329,000 as of June 30, 2023 and December 31, 2022 33 33
Common Stock: $0.01 par value; 1,000,000 authorized shares; 358,563 and 353,436 shares issued, 332,297 and 328,542 shares outstanding at June 30, 2023 and December 31, 2022, respectively 3,586 3,534
Additional paid-in capital 3,224,318 3,198,580
Treasury Stock, at cost, 26,267 and 24,895 shares at June 30, 2023 and December 31, 2022, respectively (519,765) (514,215)
Accumulated deficit (3,740,086) (3,506,528)
Accumulated other comprehensive loss (63,307) (65,731)
Noncontrolling interest 11,565 11,500
Total stockholders’ deficit (1,083,656) (872,827)
Total liabilities and stockholders’ deficit 4,924,561 4,962,875
Customer relationships    
Current assets    
Finite lived intangible assets, net 226,735 238,756
Other Intangible Assets    
Current assets    
Finite lived intangible assets, net $ 164,450 $ 171,498