Annual report pursuant to Section 13 and 15(d)

LONG-TERM DEBT (Tables)

v3.24.0.1
LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Summary of long-term debt
Long-term debt, which includes finance leases, consisted of the following:
December 31,
2023 2022
(in thousands)
Senior Secured Credit Facility:
Term loan A $ —  $ 382,500 
Term loan B 836,903  845,644 
Revolving credit facility 370,000  — 
6.5% Senior Secured Notes due 2027 1,200,000  1,200,000 
3.75% Senior Secured Notes due 2028 500,000  500,000 
4.875% Senior Notes due 2024 575,000  575,000 
5.625% Senior Notes due 2026 300,000  300,000 
4.75% Senior Notes due 2027 950,000  950,000 
2.5% Convertible Senior Notes due 2023 —  550,000 
2.0% Convertible Senior Notes due 2025 400,000  400,000 
3.125% Convertible Senior Notes due 2029 1,000,000  — 
Other long-term debt 511,210  252,199 
Total principal amount 6,643,113  5,955,343 
Less: unamortized discounts and debt issuance costs (49,701) (51,844)
Total long-term debt, net of unamortized discounts and debt issuance costs 6,593,412  5,903,499 
Less: current portion 1,134,386  620,032 
Total long-term debt, net $ 5,459,026  $ 5,283,467 
Future maturities of long-term debt
Future maturities of long-term debt at December 31, 2023 are as follows:
(in thousands)
2024 $ 1,134,386 
2025 26,291 
2026 1,398,241 
2027 2,153,918 
2028 1,885,701 
Thereafter 44,576 
Total $ 6,643,113 
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 due 2025 and 2029 for the year ended December 31, 2023 and convertible senior notes due 2023 and 2025 for the years ended December 31, 2022 and 2021:
  Year Ended December 31,
  2023 2022 2021
  (in thousands)
Interest cost recognized relating to:  
  Contractual interest coupon $ 27,460  $ 21,750  $ 21,750 
  Amortization of debt discount (1)
—  —  20,883 
  Amortization of debt issuance costs 3,912  3,710  3,330 
Total interest cost recognized on the notes $ 31,372  $ 25,460  $ 45,963 
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(1) There was no amortization of debt discount for the years ended December 31, 2023 and 2022 due to the adoption of ASU 2020-06 as of January 1, 2022.