Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables)

v3.22.2
FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2022
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
June 30, 2022
December 31, 2021
Level 1 Level 2 Total Level 1 Level 2 Total
(in thousands)
Assets:
Cash equivalents $ 1,023,325  $ —  $ 1,023,325  $ 620,980  $ —  $ 620,980 
Interest rate swap —  26,247  26,247  —  —  — 
Liabilities:
Interest rate swap $ —  $ —  $ —  $ —  $ 8,558  $ 8,558 
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
June 30, 2022 December 31, 2021
Level 2
(in thousands)
6.5% Senior Secured Notes due 2027 $ 1,179,192  $ 1,315,284 
3.75% Senior Secured Notes due 2028 $ 433,170  $ 498,380 
4.75% Senior Notes due 2027 $ 850,849  $ 978,358 
4.875% Senior Notes due 2024 $ 550,528  $ 582,952 
5.625% Senior Notes due 2026 $ 287,766  $ 310,284 
2.5% Convertible Senior Notes due 2023 $ 707,223  $ 996,369 
2.0% Convertible Senior Notes due 2025 $ 420,984  $ 531,040