v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 283,852 $ 208,509
Accounts and notes receivable, net of allowance of $16,422 and $13,271 55,694 63,671
Inventories 78,541 51,251
Prepaid expenses and other current assets 29,907 19,385
Total current assets 447,994 342,816
Property, plant and equipment, net 61,636 55,448
Capitalized contract costs, net 1,485,912 1,405,442
Deferred financing costs, net 1,632 2,088
Intangible assets, net 2,223 51,928
Goodwill 817,502 837,153
Operating lease right-of-use assets 36,812 46,000
Long-term notes receivables and other non-current assets, net 24,831 44,753
Total assets 2,878,542 2,785,628
Current Liabilities:    
Accounts payable 121,314 96,317
Accrued payroll and commissions 82,649 83,347
Accrued expenses and other current liabilities 199,846 236,250
Deferred revenue 507,658 429,900
Current portion of notes payable, net 13,500 13,500
Current portion of operating lease liabilities 13,048 12,033
Current portion of finance lease liabilities 2,686 2,854
Total current liabilities 940,701 874,201
Notes payable, net 2,235,658 2,347,765
Notes payable, net - related party 454,872 351,080
Finance lease liabilities, net of current portion 5,216 1,416
Deferred revenue, net of current portion 851,764 778,214
Operating lease liabilities, net of current portion 30,232 41,713
Other long-term obligations 58,321 106,135
Warrant derivative liabilities 3,232 24,564
Deferred income tax liabilities 890 640
Total liabilities 4,580,886 4,525,728
Commitments and contingencies (See Note 14)
Stockholders’ deficit:    
Preferred stock, $0.0001 par value, 300,000,000 shares authorized; none issued and outstanding as of December 31, 2022 and 2021, respectively 0 0
Class A Common stock, $0.0001 par value, 3,000,000,000 shares authorized; 213,606,672 and 208,734,193 shares issued and outstanding as of December 31, 2022 and 2021, respectively 21 21
Additional paid-in capital 1,766,407 1,703,815
Accumulated deficit (3,468,772) (3,417,038)
Accumulated other comprehensive loss 0 (26,898)
Total stockholders’ deficit (1,702,344) (1,740,100)
Total liabilities and stockholders’ deficit $ 2,878,542 $ 2,785,628