Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 226 $ 163
Trade and other receivables, net of allowance for credit losses of $4 and $4, respectively 174 195
Prepaid and other current assets 397 65
Total current assets 797 423
Property and equipment, net 1,164 1,150
Intangible assets not subject to amortization    
Goodwill 755 755
Intangible assets subject to amortization, net (note 5) 401 411
Other assets, net 227 300
Total assets 16,995 16,687
Current liabilities:    
Accounts payable and accrued liabilities 105 112
Deferred revenue 21 21
Current portion of debt, including $366 and zero measured at fair value, respectively (note 6) 370 3
Other current liabilities 77 64
Total current liabilities 573 200
Long-term debt, net, including $1,584 and $1,897 measured at fair value, respectively (note 6) 3,443 3,753
Obligations under tower obligations and finance leases, excluding current portion 71 72
Long-term deferred revenue 130 113
Deferred income tax liabilities 2,367 2,388
Preferred stock (note 7) 200 201
Other liabilities 144 152
Total liabilities 6,928 6,879
Equity    
Additional paid-in capital 3,011 3,007
Accumulated other comprehensive earnings (loss), net of taxes 60 73
Retained earnings 6,980 6,712
Total stockholders' equity 10,052 9,793
Non-controlling interests 15 15
Total equity 10,067 9,808
Commitments and contingencies (note 9)
Total liabilities and equity 16,995 16,687
Cable certificates    
Intangible assets not subject to amortization    
Indefinite-lived intangibles 550 550
Other    
Intangible assets not subject to amortization    
Indefinite-lived intangibles 41 41
Series A common stock    
Equity    
Common stock
Series B common stock    
Equity    
Common stock
Series C common stock    
Equity    
Common stock 1 1
Charter    
Current assets:    
Investment in Charter, accounted for using the equity method (note 4) $ 13,060 $ 13,057