Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables)

v3.23.1
FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities Measured on a Recurring Basis
The following table shows the fair value of our significant financial assets that are required to be measured at fair value on a recurring basis, which are classified on the consolidated balance sheets as cash and cash equivalents.

Estimated Fair Value
March 31, 2023
December 31, 2022
Level 1 Level 2 Total Level 1 Level 2 Total
(in thousands)
Assets:
Cash equivalents $ 794,275  $ —  $ 794,275  $ 503,964  $ —  $ 503,964 
Interest rate swaps —  43,400  43,400  —  41,515  41,515 
Estimated Fair Values of Debt
The following table presents the estimated fair values of our senior secured notes, senior notes and convertible senior notes:
Estimated Fair Value at
March 31, 2023 December 31, 2022
Level 2
(in thousands)
6.5% Senior Secured Notes due 2027 $ 1,213,140  $ 1,175,460 
3.75% Senior Secured Notes due 2028 $ 448,095  $ 429,035 
4.875% Senior Notes due 2024 $ 563,903  $ 560,027 
5.625% Senior Notes due 2026 $ 291,978  $ 285,315 
4.75% Senior Notes due 2027 $ 880,698  $ 847,562 
2.5% Convertible Senior Notes due 2023 $ —  $ 588,473 
2.0% Convertible Senior Notes due 2025 $ 391,052  $ 397,536 
3.125% Convertible Senior Notes due 2029 $ 985,040  $ —