Annual report pursuant to Section 13 and 15(d)

LONG-TERM DEBT (Tables)

v3.22.4
LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Summary of long-term debt
Long-term debt, which includes finance leases, consisted of the following:
December 31,
2022 2021
(in thousands)
Senior Secured Credit Facility:
Term loan A $ 382,500  $ 395,000 
Term loan B 845,644  854,385 
6.5% Senior Secured Notes due 2027 1,200,000  1,200,000 
3.75% Senior Secured Notes due 2028 500,000  500,000 
4.75% Senior Notes due 2027 950,000  950,000 
4.875% Senior Notes due 2024 575,000  575,000 
5.625% Senior Notes due 2026 300,000  300,000 
2.5% Convertible Senior Notes due 2023 550,000  550,000 
2.0% Convertible Senior Notes due 2025 400,000  400,000 
Other long-term debt 252,199  105,890 
Total principal amount 5,955,343  5,830,275 
Less: unamortized discounts and debt issuance costs (51,844) (99,537)
Total long-term debt, net of unamortized discounts and debt issuance costs 5,903,499  5,730,738 
Less: current portion 620,032  585,254 
Total long-term debt, net $ 5,283,467  $ 5,145,484 
Future maturities of long-term debt Future maturities of long-term debt at December 31, 2022 are as follows:
(in thousands)
2023 $ 620,032 
2024 1,472,027 
2025 42,446 
2026 1,122,495 
2027 2,154,773 
Thereafter 543,570 
Total $ 5,955,343 
Summary of pretax interest cost recognized on convertible senior notes
The following table summarizes the amount of pre-tax interest cost recognized on the convertible senior notes:
  Year Ended December 31,
  2022 2021 2020
  (in thousands)
Interest cost recognized relating to:  
  Contractual interest coupon $ 21,750  $ 21,750  $ 21,011 
  Amortization of debt discount (1)
—  20,883  19,260 
  Amortization of debt issuance costs 3,710  3,330  3,230 
Total interest cost recognized on the notes $ 25,460  $ 45,963  $ 43,501 
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(1) There was no amortization of debt discount for the year ended December 31, 2022 due to the adoption of ASU 2020-06 as of January 1, 2022.