ADT (ADT) 10-Q/A 27 Jul 23 2023 Q1 Quarterly report (amended) Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2023	Apr. 25, 2023
Document Information [Line Items]
Document Type	10-Q/A
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-38352
Entity Registrant Name	ADT Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-4116383
Entity Address, Address Line One	1501 Yamato Road
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33431
City Area Code	561
Local Phone Number	988-3600
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	ADT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001703056
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	true
Amendment Description	EXPLANATORY NOTEThis Amendment No. 1 to our Quarterly Report on Form 10-Q/A (“Form 10-Q/A” or “Amended First Quarter 2023 Quarterly Report”) amends and restates certain information included in our Quarterly Report on Form 10-Q for the three months ended March 31, 2023, which was filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 2, 2023 (the “Original First Quarter 2023 Quarterly Report”).As previously announced in our Current Report on Form 8-K filed with the SEC on July 10, 2023, in connection with the preparation of our second quarter 2023 condensed consolidated financial statements, the Company (or “management”, “we”, “our”, “us”, or “ADT”) identified errors in the non-cash goodwill impairment losses associated with our Solar reporting unit and related tax impacts recognized during the third quarter of 2022 and the first quarter of 2023 as a result of the Company not applying the simultaneous equation method prescribed by Accounting Standards Update 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). The simultaneous equation method is not universally applicable. It only applies when a reporting unit has tax deductible goodwill. When a reporting unit contains tax deductible goodwill, a goodwill impairment results in an increase in the related deferred tax asset (or reduction in deferred tax liability), which in turn, results in greater goodwill impairment. The simultaneous equation solves for the amount of goodwill impairment and related deferred taxes that yield a carrying amount of the reporting unit equal to its fair value at the point of impairment.As a result, goodwill impairment loss was understated, income tax expense was overstated/income tax benefit was understated and net income was overstated/net loss was understated in the Company’s statements of operations for the relevant periods, which had a corresponding impact on the related balance sheet items. There was no impact to the Company’s consolidated statement of cash flows except for the presentation of net income (loss) offset by the respective adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities. Additionally, there was no impact to the Company’s segment profit measure, compliance with debt covenants, or performance metrics used in the calculation of executive compensation as the impacted line items are excluded from these calculations.In addition, we identified a material weakness in our internal control over financial reporting (“ICFR”), and as such, we concluded our ICFR was not effective as of December 31, 2022, and our disclosure controls and procedures (“DCPs”) were not effective at a reasonable assurance level as of September 30, 2022, December 31, 2022, and March 31, 2023.On July 3, 2023, management, together with the Audit Committee of the Board of Directors of the Company (the “Audit Committee”), concluded that the following previously issued consolidated financial statements and other information of ADT Inc. (“ADT”) should no longer be relied upon:•the condensed consolidated financial statements as of and for the three and nine months ended September 30, 2022, included in our Quarterly Report on Form 10-Q filed with the SEC on November 3, 2022;•the consolidated financial statements as of and for the year ended December 31, 2022, included in our Annual Report on Form 10-K filed with the SEC on February 28, 2023;•the condensed consolidated financial statements as of and for the three months ended March 31, 2023, included in our Original First Quarter 2023 Quarterly Report; and•the amended information discussed herein that is contained in any previously issued or filed press releases, earnings releases, presentations, or other such documents including those posted on the Company’s website.Items Amended in this FilingThis Amended First Quarter 2023 Quarterly Report sets forth our Original First Quarter 2023 Quarterly Report, as amended, in its entirety. Except as required to reflect the restated amounts, related disclosures, and updates to our assessment of ICFR and DCPs, there were no changes to any other parts of the Original First Quarter 2023 Quarterly Report. In addition, this Amended First Quarter 2023 Quarterly Report does not reflect events occurring after the date of the Original First Quarter 2023 Quarterly Report.The following items have been amended in this Amended First Quarter 2023 Quarterly Report:•Part I, Item 1, Financial Statements•Part I, Item 2, Management Discussion and Analysis of Financial Condition and Results of Operations•Part I, Item 4, Controls and Procedures•Part II, Item 6, ExhibitsThe exhibit list included in Item 6, “Exhibits” herein has been amended to contain currently dated certifications from the Company’s Chief Executive Officer and Chief Financial Officer, as required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 and filed as Exhibits 31.1/31.2 and 32.1/32.2, respectively.In accordance with applicable SEC rules, this Amended First Quarter 2023 Quarterly Report also includes an updated signature page.Except as relating to the identified errors and the restatement described above, discussions within Part I, Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other forward-looking statements made in our Original First Quarter 2023 Quarterly Report have not been revised in this Amended First Quarter 2023 Quarterly Report to reflect events that occurred at a later date or facts that subsequently became known to the Company and should be read in their historical context.Refer to Note 1 “Description of Business and Summary of Significant Accounting Policies” and Note 6 “Goodwill and Other Intangible Assets” in the Notes to Condensed Consolidated Financial Statements on this Form 10-Q/A for additional information including a summary of the impacts of these
Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		866,839,221
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		54,744,525

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 186,316	$ 257,223
Restricted cash and restricted cash equivalents	117,236	116,357
Accounts receivable, net of allowance for credit losses of $64,869 and $65,655, respectively	598,163	597,313
Inventories, net	326,617	329,490
Work-in-progress	72,273	80,765
Prepaid expenses and other current assets	323,962	340,848
Total current assets	1,624,567	1,721,996
Property and equipment, net	356,067	375,968
Subscriber system assets, net	3,079,049	3,061,303
Intangible assets, net	5,019,815	5,091,747
Goodwill	5,525,995	5,767,016
Deferred subscriber acquisition costs, net	1,119,908	1,079,638
Other assets	719,777	723,568
Total assets	17,445,178	17,821,236
Current liabilities:
Current maturities of long-term debt	464,566	871,917
Accounts payable	397,666	486,715
Deferred revenue	395,201	402,691
Accrued expenses and other current liabilities	741,110	899,780
Total current liabilities	1,998,543	2,661,103
Long-term debt	9,375,568	8,956,671
Deferred subscriber acquisition revenue	1,735,298	1,645,478
Deferred tax liabilities	824,378	892,994
Other liabilities	265,959	271,842
Total liabilities	14,199,746	14,428,088
Commitments and contingencies (See Note 13)
Stockholders' equity:
Preferred stock—authorized 1,000,000 shares of $0.01 par value; zero issued and outstanding as of March 31, 2023 and December 31, 2022	0	0
Additional paid-in capital	7,380,867	7,380,759
Accumulated deficit	(4,101,557)	(3,949,579)
Accumulated other comprehensive income (loss)	(43,093)	(47,200)
Total stockholders' equity	3,245,432	3,393,148
Total liabilities and stockholders' equity	17,445,178	17,821,236
Common Stock
Stockholders' equity:
Common stock	8,668	8,621
Class B common stock
Stockholders' equity:
Common stock	$ 547	$ 547

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts receivable, allowance for credit loss	$ 64,869	$ 65,655
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common Stock
Common stock, shares authorized (in shares)	3,999,000,000	3,999,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	866,916,570	862,098,041
Common stock, shares outstanding (in shares)	866,916,570	862,098,041
Class B common stock
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	54,744,525	54,744,525
Common stock, shares outstanding (in shares)	54,744,525	54,744,525

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Total revenue	$ 1,612,354	$ 1,544,747
Total cost of revenue	514,001	509,768
Selling, general, and administrative expenses	462,229	482,348
Depreciation and intangible asset amortization	383,055	476,123
Merger, restructuring, integration, and other	17,647	528
Goodwill impairment	241,630	0
Operating income (loss)	(6,208)	75,980
Interest expense, net	(171,626)	(6,307)
Other income (expense)	(1,190)	1,496
Income (loss) before income taxes and equity in net earnings (losses) of equity method investee	(179,024)	71,169
Income tax benefit (expense)	62,864	(19,524)
Income (loss) before equity in net earnings (losses) of equity method investee	(116,160)	51,645
Equity in net earnings (losses) of equity method investee	(2,677)	0
Net income (loss)	$ (118,837)	$ 51,645
Common Stock
Net income (loss) per share - basic:
Net income (loss) per share - basic common stock and Class B common stock (in dollars per share)	$ (0.13)	$ 0.06
Weighted-average shares outstanding - basic:
Weighted-average shares outstanding - basic common stock and Class B common stock (in shares)	854,299	843,830
Net income (loss) per share - diluted:
Net income (loss) per share - diluted common stock and Class B common stock (in dollars per share)	$ (0.13)	$ 0.06
Weighted-average shares outstanding - diluted:
Weighted-average shares outstanding - diluted common stock and Class B common stock (in shares)	854,299	911,313
Class B common stock
Net income (loss) per share - basic:
Net income (loss) per share - basic common stock and Class B common stock (in dollars per share)	$ (0.13)	$ 0.06
Weighted-average shares outstanding - basic:
Weighted-average shares outstanding - basic common stock and Class B common stock (in shares)	54,745	54,745
Net income (loss) per share - diluted:
Net income (loss) per share - diluted common stock and Class B common stock (in dollars per share)	$ (0.13)	$ 0.06
Weighted-average shares outstanding - diluted:
Weighted-average shares outstanding - diluted common stock and Class B common stock (in shares)	54,745	54,745
Monitoring and related services
Total revenue	$ 1,173,318	$ 1,121,296
Total cost of revenue	246,403	235,614
Security installation, product, and other
Total revenue	294,201	231,470
Total cost of revenue	169,254	138,750
Solar installation, product, and other
Total revenue	144,835	191,981
Total cost of revenue	$ 98,344	$ 135,404

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (118,837)	$ 51,645
Other comprehensive income (loss), net of tax:
Cash flow hedges	4,135	11,092
Other	(28)	(9)
Total other comprehensive income (loss), net of tax	4,107	11,083
Comprehensive income (loss)	$ (114,730)	$ 62,728

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Common Stock	Class B common stock	Common Stock Common Stock	Common Stock Class B common stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2021				846,826,000	54,745,000
Beginning balance at Dec. 31, 2021	$ 3,248,719			$ 8,468	$ 547	$ 7,261,267	$ (3,952,590)	$ (68,973)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	51,645						51,645
Other comprehensive income (loss), net of tax	11,083							11,083
Dividends	(31,758)						(31,758)
Share-based compensation expense	16,020					16,020
Transactions related to employee share-based compensation plans and other (in shares)				4,498,000
Transactions related to employee share-based compensation plans and other	(15,442)			$ 45		(15,050)	(437)
Ending balance (in shares) at Mar. 31, 2022				851,324,000	54,745,000
Ending balance at Mar. 31, 2022	3,280,267			$ 8,513	$ 547	7,262,237	(3,933,140)	(57,890)
Beginning balance (in shares) at Dec. 31, 2022		862,098,041	54,744,525	862,098,000	54,745,000
Beginning balance at Dec. 31, 2022	3,393,148			$ 8,621	$ 547	7,380,759	(3,949,579)	(47,200)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(118,837)						(118,837)
Other comprehensive income (loss), net of tax	4,107							4,107
Dividends	(32,258)						(32,258)
Share-based compensation expense	15,982					15,982
Transactions related to employee share-based compensation plans and other (in shares)				4,819,000
Transactions related to employee share-based compensation plans and other	(16,710)			$ 47		(15,874)	(883)
Ending balance (in shares) at Mar. 31, 2023		866,916,570	54,744,525	866,917,000	54,745,000
Ending balance at Mar. 31, 2023	$ 3,245,432			$ 8,668	$ 547	$ 7,380,867	$ (4,101,557)	$ (43,093)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income (loss)	$ (118,837)	$ 51,645
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and intangible asset amortization	383,055	476,123
Amortization of deferred subscriber acquisition costs	46,684	36,939
Amortization of deferred subscriber acquisition revenue	(72,022)	(53,423)
Share-based compensation expense	15,982	16,020
Deferred income taxes	(69,740)	16,172
Provision for losses on receivables and inventory	26,479	19,314
Goodwill, intangible, and other asset impairments	242,630	0
Unrealized (gain) loss on interest rate swap contracts	32,516	(145,289)
Other non-cash items, net	28,601	65,445
Changes in operating assets and liabilities, net of effects of acquisitions:
Deferred subscriber acquisition costs	(87,161)	(92,837)
Deferred subscriber acquisition revenue	73,529	81,073
Other, net	(195,076)	(163,110)
Net cash provided by (used in) operating activities	306,640	308,072
Cash flows from investing activities:
Dealer generated customer accounts and bulk account purchases	(115,818)	(185,070)
Subscriber system asset expenditures	(159,433)	(182,141)
Purchases of property and equipment	(59,215)	(38,317)
Other investing, net	(1,574)	405
Net cash provided by (used in) investing activities	(336,040)	(405,123)
Cash flows from financing activities:
Proceeds from long-term borrowings	600,000	280,000
Proceeds from receivables facility	63,749	46,876
Proceeds (payments) from interest rate swaps	16,322	(13,461)
Repayment of long-term borrowings, including call premiums	(607,444)	(142,567)
Repayment of receivables facility	(44,432)	(20,876)
Dividends on common stock	(32,038)	(31,596)
Payments on finance leases	(10,982)	(10,691)
Other financing, net	(25,803)	(15,840)
Net cash provided by (used in) financing activities	(40,628)	91,845
Cash and cash equivalents and restricted cash and restricted cash equivalents:
Net increase (decrease)	(70,028)	(5,206)
Beginning balance	373,580	33,277
Ending balance	$ 303,552	$ 28,071

DESCRIPTION OF BUSINESS AND SUM

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business and Organization ADT Inc., together with its wholly-owned subsidiaries (collectively, the “Company”), provides security, interactive, and smart home solutions, in the United States (“U.S.”), to consumer, small business, and commercial customers, as well as residential solar and energy storage solutions. The Company primarily conducts business under the ADT brand name. The Company is majority-owned by Prime Security Services TopCo (ML), L.P., which is majority-owned by Prime Security Services TopCo Parent, L.P. (“Ultimate Parent”). Ultimate Parent is majority-owned by Apollo Investment Fund VIII, L.P. and its related funds that are directly or indirectly managed by affiliates of Apollo Global Management, Inc. (together with its subsidiaries and affiliates, “Apollo” or the “Sponsor”). Basis of Presentation The condensed consolidated financial statements included herein have been prepared in U.S. dollars in accordance with generally accepted accounting principles in the United States of America (“GAAP”). Certain prior period amounts have been reclassified to conform with the current period presentation. The financial statements included herein comprise the consolidated results of ADT Inc. and its wholly-owned subsidiaries. The results of companies acquired are included from the effective date of acquisition; and all intercompany transactions have been eliminated. The Company uses the equity method of accounting to account for an investment in which it has the ability to exercise significant influence but does not control. The condensed consolidated financial statements included herein are unaudited, but in the opinion of management, such financial statements include all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the Company’s financial position, results of operations, and cash flows for the interim periods presented. The interim results reported herein should not be taken as indicative of results that may be expected for future interim periods or the full year. The Condensed Consolidated Balance Sheet as of December 31, 2022 included herein was derived from the audited consolidated financial statements as of that date. Certain information and footnote disclosures required in the annual consolidated financial statements have been omitted as appropriate. For a more comprehensive understanding of the Company and its interim results, these condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in its Amended Annual Report on Form 10-K/A for the year ended December 31, 2022 (the Amended “2022 Annual Report”), which was filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 27, 2023. Restatement The Company restated its previously issued Condensed Consolidated Financial Statements and related notes for the three months ended March 31, 2023. In connection with the preparation of the Company’s second quarter 2023 condensed consolidated financial statements, the Company identified errors in the non-cash goodwill impairment losses associated with its Solar reporting unit and related tax impacts recognized during the third quarter of 2022 and the first quarter of 2023 as a result of the Company not applying the simultaneous equation method prescribed by Accounting Standards Update 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). The simultaneous equation method is not universally applicable. It only applies when a reporting unit has tax deductible goodwill. When a reporting unit contains tax deductible goodwill, a goodwill impairment results in an increase in the related deferred tax asset (or reduction in deferred tax liability), which in turn, results in greater goodwill impairment. The simultaneous equation solves for the amount of goodwill impairment and related deferred taxes that yield a carrying amount of the reporting unit equal to its fair value at the point of impairment. The impacts from the restatement as of and for the three months ended March 31, 2023 are as follows: Condensed Consolidated Balance Sheet: As of March 31, 2023 (in thousands) As Reported Adjustments As Restated Goodwill $ 5,626,514 $ (100,519) $ 5,525,995 Total assets $ 17,545,697 $ (100,519) $ 17,445,178 Deferred tax liabilities $ 855,803 $ (31,425) $ 824,378 Total liabilities $ 14,231,171 $ (31,425) $ 14,199,746 Accumulated deficit $ (4,032,463) $ (69,094) $ (4,101,557) Total stockholders’ equity $ 3,314,526 $ (69,094) $ 3,245,432 Total liabilities and stockholders’ equity $ 17,545,697 $ (100,519) $ 17,445,178 Condensed Consolidated Statement of Operations: For the three months ended March 31, 2023 (in thousands, except per share amounts) As Reported Adjustments As Restated Goodwill impairment $ 192,700 $ 48,930 $ 241,630 Operating income (loss) $ 42,722 $ (48,930) $ (6,208) Income (loss) before income taxes and equity in net earnings (losses) of equity method investee $ (130,094) $ (48,930) $ (179,024) Income tax benefit (expense) $ 43,073 $ 19,791 $ 62,864 Income (loss) before equity in net earnings (losses) of equity method investee $ (87,021) $ (29,139) $ (116,160) Net income (loss) $ (89,698) $ (29,139) $ (118,837) Net income (loss) per share - basic: Common Stock $ (0.10) $ (0.03) $ (0.13) Class B Common Stock $ (0.10) $ (0.03) $ (0.13) Weighted-average shares outstanding - basic: Common Stock 854,299 — 854,299 Class B Common Stock 54,745 — 54,745 Net income (loss) per share - diluted: Common Stock $ (0.10) $ (0.03) $ (0.13) Class B Common Stock $ (0.10) $ (0.03) $ (0.13) Weighted-average shares outstanding - diluted: Common Stock 854,299 — 854,299 Class B Common Stock 54,745 — 54,745 Condensed Consolidated Statement of Comprehensive Income (Loss): For the three months ended March 31, 2023 (in thousands) As Reported Adjustments As Restated Net income (loss) $ (89,698) $ (29,139) $ (118,837) Comprehensive income (loss) $ (85,591) $ (29,139) $ (114,730) Condensed Consolidated Statement of Stockholders’ Equity: For the three months ended March 31, 2023 (in thousands) As Reported Adjustments As Restated Net income (loss) $ (89,698) $ (29,139) $ (118,837) Accumulated deficit $ (4,032,463) $ (69,094) $ (4,101,557) Total stockholders’ equity $ 3,314,526 $ (69,094) $ 3,245,432 Condensed Consolidated Statement of Cash Flows: For the three months ended March 31, 2023 (in thousands) As Reported Adjustments As Restated Net income (loss) $ (89,698) $ (29,139) $ (118,837) Deferred income taxes $ (49,949) $ (19,791) $ (69,740) Goodwill, intangible, and other asset impairments $ 193,700 $ 48,930 $ 242,630 In addition, the following footnotes have been updated to reflect the restated amounts: • Note 1 “Description of Business and Summary of Significant Accounting Policies” • Note 3 “Segment Information” • Note 6 “Goodwill and Other Intangible Assets” • Note 9 “Income Taxes” • Note 12 “Net Income (Loss) per Share” Use of Estimates The preparation of these condensed consolidated financial statements in accordance with GAAP requires the Company to select accounting policies and make estimates that affect amounts reported in the condensed consolidated financial statements and the accompanying notes. The Company’s estimates are based on the relevant information available at the end of each period. Actual results could differ materially from these estimates under different assumptions or market conditions. The Company considered recent impacts from macroeconomic conditions such as inflationary pressures, rising interest rates, the uncertainty and volatility in the financial markets, and supply chain disruptions, as well as any on-going impacts of the COVID-19 Pandemic (as defined below), in the assessment of its financial position, results of operations, and cash flows, as well as certain accounting estimates, as of and for the periods presented. COVID-19 Pandemic - During March 2020, the World Health Organization declared the outbreak of a novel coronavirus as a pandemic (the “COVID-19 Pandemic”). As of March 31, 2023, the impact to the Company, as well as its response plan, has not materially changed from that described in the Amended 2022 Annual Report. Segments The Company has three operating and reportable segments organized based on customer type: Consumer and Small Business (“CSB”), Commercial, and Solar. The accounting policies of the Company’s reportable segments are the same as those of the Company. Refer to Note 3 “Segment Information” for additional information. Accounting Pronouncements Recently Adopted Accounting Pronouncements Vintage Disclosures for Financing Receivables - ASU 2022-02, Financial Instruments — Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures , requires reporting entities to disclose current-period gross write-offs by year of origination for financing receivables, among other requirements. This disclosure-only guidance became effective January 1, 2023. The impact to the Company’s condensed consolidated financial statements was not material. Supplier Finance Program Obligations - ASU 2022-04, Liabilities — Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations, requires that a reporting entity who is a buyer in a supplier finance program disclose qualitative and quantitative information about its supplier finance programs, including a roll-forward of the obligations. The Company adopted this guidance effective January 1, 2023, except the roll-forward requirement, which becomes effective January 1, 2024 (early adoption is permitted), and should be applied prospectively. The Company does not currently have any material supplier finance programs. Recently Issued Accounting Pronouncements Fair Value of Equity Investments - ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions, states an entity should not consider the contractual sale restriction when measuring the equity security’s fair value and introduces new disclosure requirements related to such equity securities. This guidance becomes effective January 1, 2024, and should be applied prospectively with any adjustments recognized in earnings and disclosed on the date of adoption. Early adoption is permitted. The Company is currently evaluating this guidance. Significant Accounting Policies Unless otherwise noted, the Company’s accounting policies discussed below, or included within the respective footnotes herein, do not materially differ from those disclosed in the Amended 2022 Annual Report. Cash and Cash Equivalents and Restricted Cash and Restricted Cash Equivalents The following table reconciles the amounts below reported in the Condensed Consolidated Balance Sheets to the total of the same such amounts shown in the Condensed Consolidated Statements of Cash Flows: (in thousands) March 31, 2023 December 31, 2022 Cash and cash equivalents $ 186,316 $ 257,223 Restricted cash and restricted cash equivalents (1) 117,236 116,357 Ending balance $ 303,552 $ 373,580 ________________ (1) Primarily includes amounts received during 2022 from State Farm Fire & Casualty Company (“State Farm”), inclusive of accrued interest, in connection with the State Farm Development Agreement (as defined and discussed in Note 15 “Related Party Transactions”). Subscriber System Assets, net and Deferred Subscriber Acquisition Costs, net Subscriber system assets represent capitalized equipment and installation costs incurred in connection with transactions in which the Company retains ownership of the security system, which the Company may retrieve upon termination of the contract with the customer. Deferred subscriber acquisition costs represent selling expenses (primarily commissions) that are incremental to acquiring customers. Subscriber system assets and any related deferred subscriber acquisition costs are accounted for on a pooled basis based on the month and year of customer acquisition. The Company depreciates and amortizes these pooled costs using an accelerated method over the estimated life of the customer relationship, which is 15 years. (in thousands) March 31, 2023 December 31, 2022 Gross carrying amount $ 6,353,853 $ 6,205,762 Accumulated depreciation (3,274,804) (3,144,459) Subscriber system assets, net $ 3,079,049 $ 3,061,303 Depreciation of subscriber system assets and amortization of deferred subscriber acquisition costs are reflected in depreciation and intangible asset amortization and selling, general, and administrative expenses, respectively, as follows: Three Months Ended March 31, (in thousands) 2023 2022 Depreciation of subscriber system assets $ 143,803 $ 133,122 Amortization of deferred subscriber acquisition costs $ 46,684 $ 36,939 Accrued Expenses and Other Current Liabilities (in thousands) March 31, 2023 December 31, 2022 Accrued interest $ 103,508 $ 156,495 Payroll-related accruals 151,392 208,111 Opportunity Fund (see Note 15 “Related Party Transactions”) 99,775 100,802 Operating lease liabilities (see Note 14 "Leases") 26,964 28,696 Other accrued liabilities 359,471 405,676 Accrued expenses and other current liabilities $ 741,110 $ 899,780 Fair Value of Financial Instruments The Company’s financial instruments primarily consist of cash and cash equivalents, restricted cash and restricted cash equivalents, accounts receivable, retail installment contract receivables, accounts payable, debt, and derivative financial instruments. Due to their short-term and/or liquid nature, the fair values of cash, restricted cash, accounts receivable, and accounts payable approximate their respective carrying amounts. Cash Equivalents - Included in cash and cash equivalents and restricted cash and restricted cash equivalents, as applicable from time to time, are investments in money market mutual funds. These investments are generally classified as Level 1 fair value measurements, which represent unadjusted quoted prices in active markets for identical assets or liabilities. Investments in money market mutual funds were $122 million and $145 million as of March 31, 2023 and December 31, 2022, respectively. Long-Term Debt Instruments - The fair values of the Company’s long-term debt instruments are determined using broker-quoted market prices, which represent quoted prices for similar assets or liabilities as well as other observable market data, and are classified as Level 2 fair value measurements. The carrying amounts of debt outstanding, if any, under the Company’s first lien revolving credit facility (the “First Lien Revolving Credit Facility”) and its uncommitted receivables securitization financing agreement (the “Receivables Facility”) approximate their fair values as interest rates on these borrowings approximate current market rates. March 31, 2023 December 31, 2022 (in thousands) Carrying Fair Carrying Fair Long-term debt instruments subject to fair value disclosures (1) $ 9,748,108 $ 9,521,276 $ 9,733,700 $ 9,312,932 ________________ (1) Excludes finance leases. Derivative Financial Instruments - Derivative financial instruments are reported at fair value as either assets or liabilities that are primarily calculated using discounted cash flow models utilizing observable inputs, such as quoted forward interest rates, and incorporate credit risk adjustments to reflect the risk of default by the counterparty or the Company. The resulting fair values are classified as Level 2 fair value measurements. Refer to Note 8 “Derivative Financial Instruments” for the fair values of the Company’s derivative financial instruments. Retail Installment Contract Receivables - The fair values of the Company’s retail installment contract receivables are determined using a discounted cash flow model and are classified as Level 3 fair value measurements. March 31, 2023 December 31, 2022 (in thousands) Carrying Fair Carrying Fair Retail installment contract receivables, net $ 575,764 $ 415,563 $ 531,516 $ 385,114

REVENUE AND RECEIVABLES

REVENUE AND RECEIVABLES	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
REVENUE AND RECEIVABLES	REVENUE AND RECEIVABLES Revenue Disaggregated Revenue Three Months Ended March 31, (in thousands) 2023 2022 CSB: Monitoring and related services $ 1,028,634 $ 993,028 Security installation, product, and other 103,842 69,561 Total CSB 1,132,476 1,062,589 Commercial: Monitoring and related services 144,684 128,268 Security installation, product, and other 190,359 161,909 Total Commercial 335,043 290,177 Solar: Solar installation, product, and other 144,835 191,981 Total Solar 144,835 191,981 Total revenue $ 1,612,354 $ 1,544,747 The Company allocates the transaction price to each performance obligation based on relative standalone selling price, which is determined using observable internal and external pricing, profitability, and operational metrics. Company-Owned - In transactions in which the Company provides monitoring and related services but retains ownership of the security system (referred to as Company-owned transactions), the Company’s performance obligations primarily include (i) monitoring and related services, which are recognized when these services are provided to the customer, and (ii) a material right associated with the one-time non-refundable fees in connection with the initiation of a monitoring contract which the customer will not be required to pay again upon a renewal of the contract (referred to as deferred subscriber acquisition revenue). Deferred subscriber acquisition revenue is amortized on a pooled basis over the estimated life of the customer relationship using an accelerated method consistent with the treatment of subscriber system assets and deferred subscriber acquisition costs and is reflected in security installation, product, and other revenue. Three Months Ended March 31, ( in thousands ) 2023 2022 Amortization of deferred subscriber acquisition revenue $ 72,022 $ 53,423 Customer-Owned - In transactions involving security systems sold outright to the customer (referred to as outright sales), the Company’s performance obligations generally include the sale and installation of the system and any monitoring and related services. The portion of the transaction price associated with the sale and installation of a system is recognized either at a point in time or over time based upon the nature of the transaction and contractual terms. Approximately half of security installation, product, and other revenue generated by the Commercial segment is recognized over time primarily using a cost-to-cost measure of progress method. Solar - The Company enters into agreements with third-party lenders in order to access loan products for the Company’s Solar customers. Fees incurred under these agreements are recorded as a reduction of solar installation, product, and other revenue and were approximately $19 million and $38 million during the three months ended March 31, 2023 and 2022, respectively. During the three months ended March 31, 2023 and 2022, revenue from the sale of solar equipment was approximately $75 million and $126 million, respectively, and cost of revenue was approximately $52 million and $82 million, respectively. Allowance for Credit Losses The Company evaluates its allowance for credit losses on accounts receivable in pools based on customer type. For each customer pool, the allowance for credit losses is estimated based on the delinquency status of the underlying receivables and the related historical loss experience, as adjusted for current and expected future conditions, if applicable. The allowance for credit losses is not material for the individual pools of customers. Three Months Ended March 31, (in thousands) 2023 2022 Beginning balance $ 65,655 $ 54,032 Provision for credit losses 26,743 20,457 Write-offs, net of recoveries (1) (27,529) (18,762) Ending balance $ 64,869 $ 55,727 ________________ (1) Recoveries were not material for the periods presented. As such, the Company presented write-offs, net of recoveries. Retail Installment Contract Receivables, net For security system transactions occurring under both Company-owned and customer-owned equipment models, the Company’s retail installment contract option allows qualifying residential customers to pay the fees due at installation over a 24-, 36-, or 60-month interest-free period, and there is no significant financing component. Upon origination of a retail installment contract, the Company utilizes external credit scores to assess customer credit quality and determine eligibility. Subsequent to origination, the Company monitors the delinquency status of retail installment contract receivables as the key credit quality indicator. The balance of unbilled retail installment contract receivables comprises: (in thousands) March 31, 2023 December 31, 2022 Retail installment contract receivables, gross $ 576,759 $ 532,406 Allowance for credit losses (995) (890) Retail installment contract receivables, net $ 575,764 $ 531,516 Balance Sheet Classification: Accounts receivable, net $ 188,710 $ 169,242 Other assets 387,054 362,274 Retail installment contract receivables, net $ 575,764 $ 531,516 The allowance for credit losses relates to retail installment contract receivables from outright sales transactions. As of March 31, 2023, the current and delinquent billed retail installment contract receivables were not material. As of March 31, 2023 and December 31, 2022, retail installment contract receivables, net, used as collateral for borrowings under the Receivables Facility were $538 million and $506 million, respectively. Refer to Note 7 “Debt” for further discussion regarding the Receivables Facility. Contract Assets Contract assets represent the Company’s right to consideration in exchange for goods or services transferred to the customer. The contract asset is reclassified to accounts receivable when the Company’s right to the consideration becomes unconditional, which generally occurs over the course of a 24-, 36-, or 60-month period as additional services are performed and billed. The financing component of contract assets is not significant. During the three months ended March 31, 2023 and 2022, contract assets recognized were not material. The balance of contract assets for residential transactions comprises: (in thousands) March 31, 2023 December 31, 2022 Contract assets, gross $ 46,002 $ 54,305 Allowance for credit losses (4,994) (5,453) Contract assets, net $ 41,008 $ 48,852 Balance Sheet Classification: Prepaid expenses and other current assets $ 26,066 $ 33,632 Other assets 14,942 15,220 Contract assets, net $ 41,008 $ 48,852

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION As discussed in Note 1 “Description of Business and Summary of Significant Accounting Policies,” the Company reports results in three operating and reportable segments: CSB, Commercial, and Solar. The Company’s segments are based on the manner in which the Company’s Chief Executive Officer, who is the chief operating decision maker (the “CODM”) evaluates performance and makes decisions about how to allocate resources. There have been no changes to the Company’s segments from that disclosed in the Amended 2022 Annual Report. The Company organizes its segments based on customer type as follows: • CSB - Customers in the CSB segment are comprised of owners and renters of residential properties, small business operators, and other individual consumers. The CSB segment primarily includes the sale, installation, servicing, and monitoring of integrated security and automation systems, as well as other related offerings. • Commercial - Customers in the Commercial segment are comprised of larger businesses with more expansive facilities (typically larger than 10,000 square feet) and multi-site operations, which often require more sophisticated integrated solutions. The Commercial segment primarily includes the sale, installation, servicing, and monitoring of integrated security and automation systems, fire detection and suppression systems, and other related offerings. • Solar - Customers in the Solar segment are comprised of residential homeowners. The Solar segment primarily includes the sale and installation of solar systems, energy storage solutions, roofing services, and other related solutions and services. Each of the Company’s segments includes revenue and operating costs related to the activities noted above, other operating costs associated with support functions related to these operations, and certain dedicated corporate costs and other income and expense items. The CSB segment includes general corporate costs and other income and expense items not included in the Commercial and Solar segments. The CODM uses Adjusted EBITDA, which is the Company’s segment profit measure, to evaluate segment performance. Adjusted EBITDA is defined as net income or loss adjusted for (i) interest; (ii) taxes; (iii) depreciation and amortization, including depreciation of subscriber system assets and other fixed assets and amortization of dealer and other intangible assets; (iv) amortization of deferred costs and deferred revenue associated with subscriber acquisitions; (v) share-based compensation expense; (vi) merger, restructuring, integration, and other items; (vii) losses on extinguishment of debt; (viii) radio conversion costs, net; (ix) adjustments related to acquisitions, such as contingent consideration and purchase accounting adjustments, or dispositions; (x) impairment charges; and (xi) other income/gain or expense/loss items such as changes in fair value of certain financial instruments or financing and consent fees. The CODM does not review the Company's assets by segment; therefore, such information is not presented. Reconciliations The following table presents total revenue by segment and a reconciliation to consolidated total revenue: Three Months Ended March 31, (in thousands) 2023 2022 CSB $ 1,132,476 $ 1,062,589 Commercial 335,043 290,177 Solar 144,835 191,981 Total Revenue $ 1,612,354 $ 1,544,747 The following table presents Adjusted EBITDA by segment and a reconciliation to consolidated income (loss) before income taxes and equity in net earnings (losses) of equity method investee: Three Months Ended March 31, (in thousands) 2023 2022 Adjusted EBITDA by segment: CSB $ 594,673 $ 560,545 Commercial 40,788 23,630 Solar (10,545) 16,822 Total $ 624,916 $ 600,997 Reconciliation: Total segment Adjusted EBITDA (1) $ 624,916 $ 600,997 Less: Interest expense, net 171,626 6,307 Depreciation and intangible asset amortization 383,055 476,123 Amortization of deferred subscriber acquisition costs 46,684 36,939 Amortization of deferred subscriber acquisition revenue (72,022) (53,423) Share-based compensation expense 15,982 16,020 Merger, restructuring, integration, and other (2) 17,647 528 Goodwill impairment (3) 241,630 — Acquisition-related adjustments (4) 1,630 36,295 Equity in net earnings (losses) of equity method investee (2,677) — Other, net (5) 385 11,039 Income (loss) before income taxes and equity in net earnings (losses) of equity method investee $ (179,024) $ 71,169 ________________ (1) Except for the presentation of goodwill impairment and income (loss) before income taxes and equity in net earnings (losses) of equity method investee, total segment Adjusted EBITDA did not change as a result of the restatement. (2) During 2023, includes restructuring costs primarily related to certain facility exits, as well as integration and third-party costs related to the strategic optimization of the Solar business operations following the ADT Solar acquisition. (3) Represents an impairment charge associated with the Company’s Solar reporting unit. Refer to Note 1 “Description of Business and Summary of Significant Accounting Policies” and Note 6 “Goodwill and Other Intangible Assets.” (4) During 2022, primarily represents the amortization of the customer backlog intangible asset acquired in the ADT Solar Acquisition, which was fully amortized as of March 2022. (5) During 2022, primarily includes net radio conversion costs.

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	3 Months Ended
	Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONSThere were no acquisitions or dispositions during the periods presented.

EQUITY METHOD INVESTMENTS

EQUITY METHOD INVESTMENTS	3 Months Ended
	Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
EQUITY METHOD INVESTMENTS	EQUITY METHOD INVESTMENTS Canopy Investment In April 2022, the Company and Ford Motor Company (“Ford”) formed the entity, SNTNL LLC (“Canopy”). Canopy meets the definition of a variable interest entity (“VIE”) because the Company holds a variable interest through its 40% investment in Canopy’s preferred class of equity (the “Canopy Investment”) and fees received under various commercial agreements between the Company and Canopy. The Company is not the primary beneficiary, and therefore, does not consolidate Canopy’s assets, liabilities, and financial results of operations. As a result, the Company accounts for its investment in Canopy under the equity method of accounting. The impact to the Company’s condensed consolidated financial statements as a result of the Canopy Investment or the commercial agreements was not material during the periods presented. As of March 31, 2023 and December 31, 2022, the Canopy Investment’s carrying amount was approximately $10 million and $7 million, respectively, and is presented in other assets. The balance primarily reflects the initial contribution, plus an additional investment of approximately $5 million during the first quarter of 2023, as well as the Company’s proportionate share of Canopy’s cumulative net earnings or losses.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill Changes in the carrying amounts of goodwill by reportable segment were as follows: (in thousands) CSB Commercial Solar Total Balance as of December 31, 2022 $ 4,919,251 $ 336,589 $ 511,176 $ 5,767,016 Acquisitions (1) 609 — — 609 Impairment (2) — — (241,630) (241,630) Balance as of March 31, 2023 (Restated) $ 4,919,860 $ 336,589 $ 269,546 $ 5,525,995 ________________ (1) Includes the impact of measurement period adjustments. (2) Amount presented as restated. Refer to Note 1 “Description of Business and Summary of Significant Accounting Policies.” As of March 31, 2023 and December 31, 2022, the Company had accumulated goodwill impairment losses of $443 million (as restated) and $201 million, respectively, associated with the Company’s Solar reporting unit. Solar Goodwill Impairment During the first quarter of 2023, the Company concluded that there was a triggering event related to its Solar reporting unit as a result of current macroeconomic conditions, including the impact of rising interest rates and financial market conditions on the Company’s third party lenders and customer demand, as well as ADT Solar’s underperformance of operating results in the first quarter of 2023 relative to expectations. As a result, the Company performed an interim impairment quantitative assessment on the Solar reporting unit as of March 31, 2023. Based on the results of the Company’s interim goodwill impairment quantitative analysis, the Company recorded a goodwill impairment charge of $242 million (as restated) during the first quarter of 2023. The Company estimated the fair value of the Solar reporting unit using the income approach, which included significant assumptions such as forecasted revenue, Adjusted EBITDA margins, and discount rates, as well as other assumptions including operating expenses and cash flows. In developing these assumptions, the Company relied on various factors including operating results, business plans, economic projections, anticipated future cash flows, and other market data. Examples of events or circumstances that could reasonably be expected to negatively affect the underlying judgments and factors may include such items as a prolonged downturn in the business environment, changes in economic conditions that significantly differ from the Company’s assumptions in timing or degree, volatility in equity and debt markets resulting in higher discount rates, and unexpected regulatory changes. There are inherent uncertainties related to these judgments and factors that may ultimately impact the estimated fair value determinations. As the carrying value of the Solar reporting unit approximates its fair value following the impairment charge, the Solar reporting unit continues to be considered at risk of future impairment. If the Company’s assumptions are not realized, or if there are future changes in any of the assumptions due to a change in economic conditions or otherwise, it is possible that a further impairment charge may need to be recorded in the future. The Company did not identify any triggering events associated with its other reporting units. Other Intangible Assets March 31, 2023 December 31, 2022 (in thousands) Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Definite-lived intangible assets: Contracts and related customer relationships $ 5,401,122 $ (2,691,468) $ 2,709,654 $ 7,021,305 $ (4,262,383) $ 2,758,922 Dealer relationships 1,518,020 (558,657) 959,363 1,518,020 (538,801) 979,219 Other 224,283 (206,485) 17,798 224,783 (204,177) 20,606 Total definite-lived intangible assets 7,143,425 (3,456,610) 3,686,815 8,764,108 (5,005,361) 3,758,747 Indefinite-lived intangible assets: Trade name 1,333,000 — 1,333,000 1,333,000 — 1,333,000 Intangible assets $ 8,476,425 $ (3,456,610) $ 5,019,815 $ 10,097,108 $ (5,005,361) $ 5,091,747 The change in the net carrying amount of contracts and related customer relationships during the period was as follows: (in thousands) Balance as of December 31, 2022 $ 2,758,922 Customer contract additions, net of dealer charge-backs (1) 111,717 Amortization (160,985) Balance as of March 31, 2023 $ 2,709,654 ________________ (1) The weighted-average amortization period for customer contract additions was approximately 15 years. Payments for customer contract additions under the Company’s authorized dealer program and from other third parties are reflected as dealer generated customer accounts and bulk account purchases on the Condensed Consolidated Statements of Cash Flows. Additionally, the Company retired approximately $1.7 billion of customer relationship intangible assets that were acquired as part of the 2016 acquisition of The ADT Security Corporation (formerly named The ADT Corporation) (“The ADT Corporation”) (the “ADT Acquisition”) that became fully amortized during the first quarter of 2023. Definite-Lived Intangible Asset Amortization Expense Three Months Ended March 31, (in thousands) 2023 2022 Definite-lived intangible asset amortization expense $ 183,149 $ 291,947

DEBT

DEBT	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
DEBT	DEBT The Company’s debt is comprised of the following (in thousands) : Description Issued Maturity Interest Rate (1) Interest Payable March 31, 2023 December 31, 2022 First Lien Term Loan due 2026 9/23/2019 9/23/2026 Adj. LIBOR +2.75% Quarterly $ 2,723,322 $ 2,730,269 Term Loan A Facility 3/14/2023 3/14/2028 Term SOFR +2.25% Quarterly 600,000 — First Lien Notes due 2024 4/4/2019 4/15/2024 5.250% 2/15 and 8/15 750,000 750,000 First Lien Notes due 2026 4/4/2019 4/15/2026 5.750% 3/15 and 9/15 1,350,000 1,350,000 First Lien Notes due 2027 8/20/2020 8/31/2027 3.375% 6/15 and 12/15 1,000,000 1,000,000 First Lien Notes due 2029 7/29/2021 8/1/2029 4.125% 2/1 and 8/1 1,000,000 1,000,000 ADT Notes due 2023 1/14/2013 6/15/2023 4.125% 6/15 and 12/15 99,999 700,000 ADT Notes due 2032 5/2/2016 7/15/2032 4.875% 1/15 and 7/15 728,016 728,016 ADT Notes due 2042 7/5/2012 7/15/2042 4.875% 1/15 and 7/15 21,896 21,896 Second Lien Notes due 2028 1/28/2020 1/15/2028 6.250% 1/15 and 7/15 1,300,000 1,300,000 Receivables Facility 3/5/2020 2/20/2028 COF +0.85% Monthly 374,108 354,741 Other debt (2) 1,927 2,446 Total debt principal, excluding finance leases 9,949,268 9,937,368 Plus: Finance lease liabilities (3) 92,026 94,888 Less: Unamortized debt discount, net (12,611) (13,415) Less: Unamortized deferred financing costs (55,060) (50,896) Less: Unamortized purchase accounting fair value adjustment and other (133,489) (139,357) Total debt 9,840,134 9,828,588 Less: Current maturities of long-term debt, net of unamortized debt discount (464,566) (871,917) Long-term debt $ 9,375,568 $ 8,956,671 _________________ (1) Interest rate as of March 31, 2023 . LIBOR refers to the London Interbank Offered Rate. SOFR refers to the Secured Overnight Financing Rate. COF refers to Cost of Funds. (2) Other debt primarily consists of vehicle loans at various interest rates and maturities. (3) Refer to Note 14 “Leases” for additional information regarding the Company’s finance leases. Significant changes in the Company’s debt during the three months ended March 31, 2023 were as follows: First Lien Credit Agreement The Company’s first lien credit agreement, dated as of July 1, 2015 (together with subsequent amendments and restatements, the “First Lien Credit Agreement”), contains a first lien term loan facility (the “First Lien Term Loan due 2026”) and the First Lien Revolving Credit Facility. During the three months ended March 31, 2023, there were no borrowings under the First Lien Revolving Credit Facility; and as of March 31, 2023, the Company had $575 million in available borrowing capacity. During the three months ended March 31, 2022, the Company borrowed $280 million and repaid $135 million under its First Lien Revolving Credit Facility. Term Loan A Facility On March 14, 2023, Prime Security Services Holdings, LLC (“Holdings”), a Delaware limited liability company and a wholly owned direct subsidiary of the Company, Prime Security Services Borrower, LLC (“Prime Borrower”), a Delaware limited liability company and a wholly owned direct subsidiary of Holdings, and The ADT Corporation, a Delaware corporation and a wholly owned direct subsidiary of Prime Borrower (together with Prime Borrower, the “Term Loan A Borrowers”), entered into a term loan credit agreement (the “Term Loan A Credit Agreement”) with Barclays Bank PLC, as administrative agent, and the lenders party thereto, pursuant to which such lenders have provided the Term Loan A Borrowers with an aggregate principal amount of $600 million of term loans (the “Closing Date Term Loan A Loans”) under a senior secured term loan A facility (the “Term Loan A Facility”). Also on March 14, 2023, Holdings, the Term Loan A Borrowers, the subsidiary loan parties thereto, Barclays Bank PLC, and the lender parties thereto amended the Term Loan A Credit Agreement, pursuant to which the lenders have agreed, at the option of the Term Loan A Borrowers and subject to the satisfaction or waiver of customary conditions, to provide the Term Loan A Borrowers with an aggregate principal amount of $50 million of incremental term loans (the “Incremental Term Loan A”) under the Term Loan A Facility on or before the scheduled maturity date of the Company’s 4.125% senior notes due June 15, 2023 (the “ADT Notes due 2023”). The Incremental Term Loan A will have the same terms as, and constitute one class with, the Closing Date Term Loan A Loans. Amounts borrowed under the Incremental Term Loan A are expected to be borrowed on or around the stated maturity date of the ADT Notes due 2023 and the proceeds from the Incremental Term Loan A will be used to complete the redemption of at least $50 million of the ADT Notes due 2023 at maturity. The Term Loan A Facility has a maturity date of March 14, 2028, subject to a springing maturity of 91 days prior to the maturity date of certain long-term indebtedness of Prime Borrower and its subsidiaries if, on such date, the aggregate principal amount of such indebtedness equals or exceeds $100 million. The Term Loan A Facility requires scheduled amortization payments in annual amounts equal to 5.00% of the original principal amount of the Term Loan A Facility, payable quarterly, with the balance payable at maturity. The Term Loan A Borrowers may make voluntary prepayments under the Term Loan A Facility at any time prior to maturity at par. Borrowings under the Term Loan A Facility bear interest at a rate equal to, at Prime Borrower’s option, either (a) a term SOFR rate plus an adjustment of 0.10% (“Term SOFR”) or (b) a base rate determined by reference to the highest of (i) the federal funds rate plus 0.50% per annum, (ii) the rate of interest per annum last quoted by The Wall Street Journal as the “Prime Rate” in the U.S., and (iii) the one-month adjusted term SOFR plus 1.00% per annum, in each case, plus an applicable margin of 2.50% per annum for SOFR loans and 1.50% per annum for base rate loans, subject to adjustments based on certain specified net first lien leverage ratios. Prime Borrower has elected the Term SOFR alternative to apply to borrowings under the Term Loan A Facility. Indebtedness incurred under the Term Loan A Facility is guaranteed, jointly and severally, on a senior secured first-priority basis, by Holdings, on a limited recourse basis, and by substantially all of Prime Borrower’s wholly owned material domestic subsidiaries, and is secured by a pledge of Prime Borrower’s capital stock directly held by Holdings and by first-priority security interests in substantially all of the assets of Prime Borrower and the subsidiary guarantors, in each case subject to certain permitted liens and exceptions. The Term Loan A Facility is subject to customary mandatory prepayment provisions, covenants, and restrictions, including a financial maintenance covenant requiring the Term Loan A Facility Borrowers to comply as of the last day of each fiscal quarter with a specified maximum consolidated net first lien leverage ratio. Fees associated with the Term Loan A Facility were not material during the periods presented. ADT Notes due 2023 Partial Redemption On March 15, 2023, the Company used the proceeds from the Closing Date Term Loan A Loans to redeem approximately $600 million of the ADT Notes due 2023 (the “2023 Notes Partial Redemption”) for a total redemption price of approximately $600 million, excluding any accrued and unpaid interest. Loss on extinguishment of debt was not material. The Company intends to redeem the remaining balance of the ADT Notes due 2023 in June 2023 prior to maturity using proceeds from the Incremental Term Loan A and cash on hand. ADT Notes due 2024 Partial Redemption On March 17, 2023, Prime Borrower and Prime Finance Inc., a Delaware corporation and an indirect wholly-owned subsidiary of the Company (together with Prime Borrower, the “Issuers”), delivered a Notice of Partial Redemption (the “ADT 2024 Notes Partial Redemption Notice”) to holders of the outstanding 5.250% First-Priority Senior Secured Notes due 2024 (the “ADT Notes due 2024”). The ADT 2024 Notes Partial Redemption Notice was issued pursuant to the terms of the Indenture, dated as of April 4, 2019, as amended and supplemented through the date hereof (the “2024 Notes Indenture”), among the Issuers, the guarantors party thereto from time to time and Wells Fargo Bank, National Association, as trustee. The ADT 2024 Notes Partial Redemption Notice provides for the partial redemption by the Issuers of $150 million principal amount of the outstanding ADT Notes due 2024 on May 2, 2023 (the “2024 Notes Redemption Date”) at a redemption price calculated pursuant to the ADT Notes due 2024 Indenture, plus the accrued and unpaid interest. Subsequent Event - On May 2, 2023, the Company redeemed $150 million principal amount of the outstanding ADT Notes due 2024 for a redemption price of $150 million, excluding accrued and unpaid interest, using cash on hand. Receivables Facility Under the Receivables Facility, the Company obtains financing by selling or contributing certain retail installment contract receivables to the Company’s wholly-owned consolidated bankruptcy-remote special purpose entity (“SPE”), which then grants a security interest in those retail installment contract receivables as collateral for cash borrowings. In March 2023, the Company amended the agreement governing the Receivables Facility, pursuant to which, among other things, the borrowing capacity was increased from $400 million to $500 million and the uncommitted revolving period was extended from May 2023 to March 2024. As of March 31, 2023, the Company had an uncommitted available borrowing capacity under the Receivables Facility of approximately $126 million. The Receivables Facility did not have a material impact to the Condensed Consolidated Statements of Operations during the periods presented. Variable Interest Entity The SPE meets the definition of a VIE for which the Company is the primary beneficiary as it has the power to direct the SPE’s activities and the obligation to absorb losses or the right to receive benefits of the SPE. As such, the Company consolidates the SPE’s assets, liabilities, and financial results of operations. The SPE’s assets and liabilities primarily consist of a portion of the Company’s unbilled retail installment contract receivables, net, as discussed in Note 2 “Revenue and Receivables,” and borrowings under the Receivables Facility, as presented above. SOFR Transition By June 2023 (the “SOFR Transition Date”), SOFR will replace the forward LIBOR as the applicable benchmark rate for all existing and future issuances of the Company’s debt instruments with a variable rate component. Existing instruments under the First Lien Credit Agreement will continue to be based on LIBOR until the SOFR Transition Date, unless transitioned to SOFR prior to such date pursuant to the terms of the First Lien Credit Agreement. In addition, any modification, such as a repricing, or any new debt issuances with a variable rate component, will utilize SOFR.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTSThe Company's derivative financial instruments primarily consist of LIBOR-based and SOFR-based interest rate swap contracts, which were entered into with the objective of managing exposure to variability in interest rates on the Company's debt. All interest rate swap contracts are reported in the Condensed Consolidated Balance Sheets at fair value. For interest rate swap contracts that are: • Not designated as cash flow hedges: Unrealized gains and losses are recognized in interest expense, net. • Designated as cash flow hedges: Unrealized gains and losses are recognized as a component of accumulated other comprehensive income (loss) (“AOCI”) and are reclassified into interest expense, net, in the same period in which the related interest on debt affects earnings. For interest rate swap contracts that have been de-designated as cash flow hedges and for which forecasted cash flows are: • Probable or reasonably possible of occurring: Unrealized gains and losses previously recognized as a component of AOCI are reclassified into interest expense, net, in the same period in which the related interest on variable-rate debt affects earnings through the original maturity date of the related interest rate swap contracts. • Probable of not occurring: Unrealized gains and losses previously recognized as a component of AOCI are immediately reclassified into interest expense, net. The cash flows associated with interest rate swap contracts that included an other-than-insignificant financing element at inception are reflected as cash flows from financing activities. Interest Rate Swaps : As of March 31, 2023, the Company’s interest rate swaps consisted of the following (in thousands) : Execution Maturity Designation Notional Amount October 2019 September 2026 Not designated $ 2,800,000 March 2023 March 2028 Not designated $ 100,000 During the three months ended March 31, 2023, the Company entered into floating-to-fixed interest rate swaps with an aggregate notional amount of $100 million to partially hedge the Term Loan A Facility. Subsequent Event - During April 2023, the Company entered into additional floating-to-fixed interest rate swaps with an aggregate notional amount of $200 million to partially hedge the Term Loan A Facility. Classification and Fair Value of Interest Rate Swaps: (in thousands) March 31, 2023 December 31, 2022 Prepaid expenses and other current assets $ 78,800 $ 78,110 Other assets 72,357 105,405 Other liabilities (158) — Fair value of interest rate swaps - net asset (liability) $ 150,999 $ 183,515 Unrealized Gain (Loss) on Interest Rate Swaps: Three Months Ended March 31, (in thousands) 2023 2022 Gain (loss) included in interest expense, net $ (32,516) $ 145,289 Cash Flow Hedges Reclassifications out of AOCI: Three Months Ended March 31, ( in thousands ) 2023 2022 Interest expense, net $ 5,449 $ 14,620 Income tax (benefit) expense $ (1,314) $ (3,528) As of March 31, 2023 and December 31, 2022, AOCI, net of tax, related to previously designated cash flow hedges was $41 million and $46 million, respectively. As of March 31, 2023, approximately $19 million of AOCI associated with previously designated cash flow hedges is estimated to be reclassified to interest expense, net, within the next twelve months.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Unrecognized Tax Benefits The Company’s unrecognized tax benefits relate to tax years that remain subject to audit by the taxing authorities in the U.S. federal, state and local, and foreign jurisdictions. During the three months ended March 31, 2023, the Company did not have a material change to its unrecognized tax benefits. Based on the current status of its income tax audits, the Company does not believe a significant portion of its unrecognized tax benefits will be resolved in the next twelve months. Effective Tax Rate The effective tax rate can vary from period to period due to permanent tax adjustments, discrete items such as the settlement of income tax audits and changes in tax laws, as well as recurring factors such as changes in the overall state tax rate. The Company’s income tax benefit (as restated) for the three months ended March 31, 2023 was $63 million, resulting in an effective tax rate for the period of 35.1%. The effective tax rate primarily represents the federal statutory rate of 21.0%, a state statutory tax rate, net of federal benefits, of 8.9%, and unfavorable impacts related to non-deductible executive compensation, Solar goodwill impairment, and other items, partially offset by favorable impacts from federal tax credits and other items. The Company’s income tax expense for the three months ended March 31, 2022 was $20 million, resulting in an effective tax rate for the period of 27.4%. The effective tax rate primarily represents the federal statutory tax rate of 21.0%, a state statutory tax rate, net of federal benefits, of 6.7%, as well as a favorable impact of share-based compensation offset by an unfavorable impact of permanent items.

EQUITY

EQUITY	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
EQUITY	EQUITY Common Stock and Class B Common Stock The Company has two classes of common stock, including common stock (“Common Stock”) and Class B common stock (“Class B Common Stock”). During the three months ended March 31, 2023, shares issued resulted from the vesting of restricted stock units (“RSUs”) and stock option exercises related to share-based compensation awards. Dividends (in thousands, except per share data) Common Stock Class B Common Stock Declaration Date Record Date Payment Date Per Share Aggregate Per Share Aggregate Three Months Ended March 31, 2023 2/28/2023 3/16/2023 4/4/2023 $ 0.035 $ 30,342 $ 0.035 $ 1,916 Three Months Ended March 31, 2022 3/1/2022 3/17/2022 4/4/2022 $ 0.035 $ 29,842 $ 0.035 $ 1,916 Subsequent Event - On May 2, 2023, the Company announced a dividend of $0.035 per share to holders of Common Stock and Class B Common Stock of record on June 15, 2023, which will be distributed on July 6, 2023. Accumulated Other Comprehensive Income (Loss) Refer to Note 8 “Derivative Financial Instruments” for AOCI reclassifications associated with cash flow hedges. There were no other material reclassifications out of AOCI.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATIONDuring the three months ended March 31, 2023, the Company completed its annual long-term incentive plan equity award to employees and granted approximately 6.6 million RSUs under its 2018 Omnibus Incentive Plan, as amended (the “2018 Plan”) with a weighted-average grant date fair value of $7.60 equal to the closing price per share of the Company’s Common Stock on the date of grant. These RSUs are service-based awards with a three-year graded vesting period from the date of grant.

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
NET INCOME (LOSS) PER SHARE	NET INCOME (LOSS) PER SHARE The Company applies the two-class method for computing and presenting net income (loss) per share for each class of common stock, which allocates current period net income (loss) to each class of common stock and participating securities based on dividends declared and participation rights in the remaining undistributed earnings or losses. Basic net income (loss) per share is computed by dividing the net income (loss) allocated to each class of common stock by the related weighted-average number of shares outstanding during the period. Diluted net income (loss) per share gives effect to all securities representing potential common shares that were dilutive and outstanding during the period for each class of common stock and excludes potentially dilutive securities whose effect would have been anti-dilutive. Common Stock: Potential shares of Common Stock include (i) incremental shares related to the vesting or exercise of share-based compensation awards, warrants, and other options to purchase additional shares of the Company’s Common Stock calculated using the treasury stock method and (ii) incremental shares of Common Stock issuable upon the conversion of Class B Common Stock. Additionally, the basic and diluted earnings per share computations for Common Stock exclude approximately 9 million unvested shares as their vesting is contingent upon achievement of certain performance requirements. Three Months Ended March 31, in thousands, except per share amounts 2023 2022 Allocation of net income (loss) - basic $ (111,720) $ 48,510 Dilutive effect (including conversion of Class B Common Stock) — 2,001 Allocation of net income (loss) - diluted $ (111,720) $ 50,511 Weighted-average shares outstanding - basic 854,299 843,830 Dilutive effect (including conversion of Class B Common Stock) (1) — 67,483 Weighted-average shares outstanding - diluted 854,299 911,313 Net income (loss) per share - basic $ (0.13) $ 0.06 Net income (loss) per share - diluted $ (0.13) $ 0.06 _________________ (1) During the three months ended March 31, 2023, all potential shares of Common Stock that would be dilutive were excluded from the diluted earnings per share calculations because their effects would have been anti-dilutive. During the three months ended March 31, 2022, the diluted earnings per share calculations excluded weighted average shares of approximately 18 million shares as their effects would have been anti-dilutive. Class B Common Stock: Three Months Ended March 31, in thousands, except per share amounts 2023 2022 Allocation of net income (loss) - basic $ (7,117) $ 3,135 Dilutive effect (1) — (85) Allocation of net income (loss) - diluted $ (7,117) $ 3,050 Weighted-average shares outstanding - basic 54,745 54,745 Dilutive effect (1) — — Weighted-average shares outstanding - diluted 54,745 54,745 Net income (loss) per share - basic $ (0.13) $ 0.06 Net income (loss) per share - diluted $ (0.13) $ 0.06 ________________ (1) There were no potential shares of Class B Common Stock during the periods presented.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Contractual Obligations There have been no significant changes to the Company’s contractual obligations as compared to December 31, 2022, except as discussed below: Repurchase of Solar Loans As of March 31, 2023, the liability related to certain loans provided to customers within the Company’s Solar business that the Company may be required to repurchase from third party lenders was approximately $71 million. This liability is partially offset by a net receivable related to the amount the Company ultimately expects to recover from any loans required to be repurchased, either through ongoing loan payments from the customer or proceeds from subsequent resale of the loans. Google Commercial Agreement In July 2020, the Company and Google entered into a Master Supply, Distribution, and Marketing Agreement (the “Google Commercial Agreement”), pursuant to which Google has agreed to supply the Company with certain Google devices as well as certain Google video and analytics services (“Google Devices and Services”), for sale to the Company’s customers. The Google Commercial Agreement also specifies that each party shall contribute $150 million towards joint marketing, customer acquisition, training of the Company’s employees, and product technology updates related to the Google Devices and Services. In August 2022, the Company and Google executed an amendment to the Google Commercial Agreement, pursuant to which Google has agreed to commit an additional $150 million to fund growth, data and insights, product innovation and technology advancements, customer acquisition, and marketing, as mutually agreed by the Company and Google, (together with the initial amounts, the “Google Success Funds”). During the three months ended March 31, 2023, approximately $12.5 million of the Google Success Funds were approved for reimbursement to the Company for certain joint marketing expenses incurred by the Company and recorded as a reduction to advertising expenses. Guarantees In the normal course of business, the Company is liable for contract completion and product performance. The Company’s guarantees primarily relate to standby letters of credit related to its insurance programs and totaled $84 million and $93 million as of March 31, 2023 and December 31, 2022, respectively. The Company does not believe such obligations will materially affect its financial position, results of operations, or cash flows. Legal Proceedings The Company is subject to various claims and lawsuits in the ordinary course of business, which include among other things commercial general liability claims, automobile liability claims, contractual disputes, worker’s compensation claims, labor law and employment claims, claims that the Company infringed on the intellectual property of others, and consumer and employment class actions. The Company is also subject to regulatory and governmental examinations, information requests and subpoenas, inquiries, investigations, and threatened legal actions and proceedings. In connection with such formal and informal inquiries, the Company receives numerous requests, subpoenas, and orders for documents, testimony, and information in connection with various aspects of its activities. There have been no material changes to these matters from those disclosed in the Amended 2022 Annual Report. The Company records accruals for losses that are probable and reasonably estimable. These accruals are based on a variety of factors such as judgment, probability of loss, opinions of internal and external legal counsel, and actuarially determined estimates of claims incurred but not yet reported based upon historical claims experience. Legal costs in connection with claims and lawsuits in the ordinary course of business are expensed as incurred. Additionally, the Company records insurance recovery receivables from third-party insurers when recovery has been determined to be probable. The Company has not accrued for any losses for which the likelihood of loss cannot be assessed, is less than probable, or the range of possible loss cannot be estimated.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
LEASES	LEASES Company as Lessee As part of normal operations, the Company leases real estate, vehicles, and equipment. Right-of-Use Assets and Lease Liabilities: (in thousands) March 31, 2023 December 31, 2022 Presentation and Classification: Operating Current Prepaid expenses and other current assets $ 388 $ 210 Operating Non-current Other assets 122,489 128,455 Finance Non-current Property and equipment, net (1) 89,924 93,013 Total right-of-use assets $ 212,801 $ 221,678 Operating Current Accrued expenses and other current liabilities $ 26,964 $ 28,696 Finance Current Current maturities of long-term debt 50,446 48,512 Operating Non-current Other liabilities 110,473 116,823 Finance Non-current Long-term debt 41,580 46,376 Total lease liabilities $ 229,463 $ 240,407 _________________ (1) Finance right-of-use assets are recorded net of accumulated depreciation, which was approximately $114 million and $106 million as of March 31, 2023 and December 31, 2022, respectively. Lease Cost: Three Months Ended March 31, ( in thousands ) 2023 2022 Operating lease cost $ 10,222 $ 12,485 Finance lease cost: Amortization of right-of-use assets 11,385 9,852 Interest on lease liabilities 1,049 831 Variable lease costs 20,232 23,134 Total lease cost $ 42,888 $ 46,302 Cash Flow and Supplemental Information: Three Months Ended March 31, ( in thousands ) 2023 2022 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 2,332 $ 9,061 Finance leases $ 9,222 $ 8,217 Company as Lessor The Company is a lessor in certain Company-owned transactions as the Company has identified a lease component associated with the right-of-use of the security system and a non-lease component associated with the monitoring and related services. For transactions in which (i) the timing and pattern of transfer is the same for the lease and non-lease components and (ii) the lease component would be classified as an operating lease if accounted for separately, the Company applies the practical expedient to aggregate the lease and non-lease components and accounts for the combined transaction based upon its predominant characteristic, which is the non-lease component. The Company accounts for the combined component as a single performance obligation under the applicable revenue guidance and recognizes the underlying assets within subscriber system assets, net. For transactions that do not qualify for the practical expedient as the lease component represents a sales-type lease, the Company accounts for the lease and non-lease components separately. The Company’s sales-type leases are not material.
LEASES	LEASES Company as Lessee As part of normal operations, the Company leases real estate, vehicles, and equipment. Right-of-Use Assets and Lease Liabilities: (in thousands) March 31, 2023 December 31, 2022 Presentation and Classification: Operating Current Prepaid expenses and other current assets $ 388 $ 210 Operating Non-current Other assets 122,489 128,455 Finance Non-current Property and equipment, net (1) 89,924 93,013 Total right-of-use assets $ 212,801 $ 221,678 Operating Current Accrued expenses and other current liabilities $ 26,964 $ 28,696 Finance Current Current maturities of long-term debt 50,446 48,512 Operating Non-current Other liabilities 110,473 116,823 Finance Non-current Long-term debt 41,580 46,376 Total lease liabilities $ 229,463 $ 240,407 _________________ (1) Finance right-of-use assets are recorded net of accumulated depreciation, which was approximately $114 million and $106 million as of March 31, 2023 and December 31, 2022, respectively. Lease Cost: Three Months Ended March 31, ( in thousands ) 2023 2022 Operating lease cost $ 10,222 $ 12,485 Finance lease cost: Amortization of right-of-use assets 11,385 9,852 Interest on lease liabilities 1,049 831 Variable lease costs 20,232 23,134 Total lease cost $ 42,888 $ 46,302 Cash Flow and Supplemental Information: Three Months Ended March 31, ( in thousands ) 2023 2022 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 2,332 $ 9,061 Finance leases $ 9,222 $ 8,217 Company as Lessor The Company is a lessor in certain Company-owned transactions as the Company has identified a lease component associated with the right-of-use of the security system and a non-lease component associated with the monitoring and related services. For transactions in which (i) the timing and pattern of transfer is the same for the lease and non-lease components and (ii) the lease component would be classified as an operating lease if accounted for separately, the Company applies the practical expedient to aggregate the lease and non-lease components and accounts for the combined transaction based upon its predominant characteristic, which is the non-lease component. The Company accounts for the combined component as a single performance obligation under the applicable revenue guidance and recognizes the underlying assets within subscriber system assets, net. For transactions that do not qualify for the practical expedient as the lease component represents a sales-type lease, the Company accounts for the lease and non-lease components separately. The Company’s sales-type leases are not material.
LEASES	LEASES Company as Lessee As part of normal operations, the Company leases real estate, vehicles, and equipment. Right-of-Use Assets and Lease Liabilities: (in thousands) March 31, 2023 December 31, 2022 Presentation and Classification: Operating Current Prepaid expenses and other current assets $ 388 $ 210 Operating Non-current Other assets 122,489 128,455 Finance Non-current Property and equipment, net (1) 89,924 93,013 Total right-of-use assets $ 212,801 $ 221,678 Operating Current Accrued expenses and other current liabilities $ 26,964 $ 28,696 Finance Current Current maturities of long-term debt 50,446 48,512 Operating Non-current Other liabilities 110,473 116,823 Finance Non-current Long-term debt 41,580 46,376 Total lease liabilities $ 229,463 $ 240,407 _________________ (1) Finance right-of-use assets are recorded net of accumulated depreciation, which was approximately $114 million and $106 million as of March 31, 2023 and December 31, 2022, respectively. Lease Cost: Three Months Ended March 31, ( in thousands ) 2023 2022 Operating lease cost $ 10,222 $ 12,485 Finance lease cost: Amortization of right-of-use assets 11,385 9,852 Interest on lease liabilities 1,049 831 Variable lease costs 20,232 23,134 Total lease cost $ 42,888 $ 46,302 Cash Flow and Supplemental Information: Three Months Ended March 31, ( in thousands ) 2023 2022 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 2,332 $ 9,061 Finance leases $ 9,222 $ 8,217 Company as Lessor The Company is a lessor in certain Company-owned transactions as the Company has identified a lease component associated with the right-of-use of the security system and a non-lease component associated with the monitoring and related services. For transactions in which (i) the timing and pattern of transfer is the same for the lease and non-lease components and (ii) the lease component would be classified as an operating lease if accounted for separately, the Company applies the practical expedient to aggregate the lease and non-lease components and accounts for the combined transaction based upon its predominant characteristic, which is the non-lease component. The Company accounts for the combined component as a single performance obligation under the applicable revenue guidance and recognizes the underlying assets within subscriber system assets, net. For transactions that do not qualify for the practical expedient as the lease component represents a sales-type lease, the Company accounts for the lease and non-lease components separately. The Company’s sales-type leases are not material.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company’s related party transactions primarily relate to products and services received from, or monitoring and related services provided to, other entities affiliated with Apollo, and, from time to time, management, consulting, and transaction advisory services provided by Apollo to the Company, as well as transactions between the Company and State Farm. There were no notable related party transactions during the periods presented other than as described below. Apollo Upon initial funding of the Term Loan A Facility in March 2023, the Company incurred fees to Apollo of $1 million related to Apollo’s performance of placement agent services related to such debt. State Farm On October 13, 2022 (the “Closing”), the Company issued and sold in a private placement to State Farm 133,333,333 shares of the Company’s Common Stock at a per share price of $9.00 for an aggregate purchase price of $1.2 billion (the “State Farm Strategic Investment”) pursuant to a securities purchase agreement dated September 5, 2022. State Farm owns approximately 15% of the Company’s issued and outstanding Common Stock (assuming conversion of Class B Common Stock), and as a result, is a related party. At the Closing, the Company, ADT LLC (an indirect wholly owned subsidiary of the Company), and State Farm entered into a Development Agreement (the “State Farm Development Agreement”) pursuant to which State Farm committed up to $300 million to fund certain initiatives as agreed to between the Company and State Farm related to the partnership (the “Opportunity Fund”). Additionally at the Closing, the Company received $100 million of the Opportunity Fund, which will be restricted until such time as the Company uses the funds in accordance with the State Farm Development Agreement. The Company’s use of the funds is also subject to approval by State Farm. During three months ended March 31, 2023, the Company made payments from the Opportunity Fund of approximately $2 million to fund project development initiatives. As of March 31, 2023, the balance in the Opportunity Fund was approximately $100 million, including interest earned on the funds. Sunlight Financial LLC ADT Solar uses Sunlight Financial LLC (“Sunlight”), an entity affiliated with Apollo, to access certain loan products for ADT Solar customers, as discussed in Note 2 “Revenue and Receivables.” During the three months ended March 31, 2023 and 2022, total loans funded by Sunlight were approximately $45 million and $100 million, respectively. The Company may be required to repurchase loans previously funded by Sunlight in the amount of approximately $45 million and $56 million as of March 31, 2023 and December 31, 2022, respectively. The Company also recorded an offsetting net receivable. During the three months ended March 31, 2023 and 2022, the Company incurred financing fees of approximately $6 million and $15 million, respectively. Rackspace During October 2020, the Company entered into a master services agreement with Rackspace US, Inc. (“Rackspace”), an entity affiliated with Apollo, for the provision of cloud storage, equipment, and services to facilitate the implementation of the Company’s cloud migration strategy for certain applications. The master services agreement includes a minimum purchase commitment of $50 million over a seven year term, which can be satisfied through spend with other parties. During the three months ended March 31, 2023 and 2022, fees incurred to Rackspace were not material. Canopy Canopy is considered a related party under GAAP as the Company accounts for its investment in Canopy under the equity method of accounting. During the three months ended March 31, 2023, the Company made an additional equity investment of approximately $5 million in Canopy.

DESCRIPTION OF BUSINESS AND S_2

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation The condensed consolidated financial statements included herein have been prepared in U.S. dollars in accordance with generally accepted accounting principles in the United States of America (“GAAP”). Certain prior period amounts have been reclassified to conform with the current period presentation. The financial statements included herein comprise the consolidated results of ADT Inc. and its wholly-owned subsidiaries. The results of companies acquired are included from the effective date of acquisition; and all intercompany transactions have been eliminated. The Company uses the equity method of accounting to account for an investment in which it has the ability to exercise significant influence but does not control. The condensed consolidated financial statements included herein are unaudited, but in the opinion of management, such financial statements include all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the Company’s financial position, results of operations, and cash flows for the interim periods presented. The interim results reported herein should not be taken as indicative of results that may be expected for future interim periods or the full year. The Condensed Consolidated Balance Sheet as of December 31, 2022 included herein was derived from the audited consolidated financial statements as of that date. Certain information and footnote disclosures required in the annual consolidated financial statements have been omitted as appropriate. For a more comprehensive understanding of the Company and its interim results, these condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in its Amended Annual Report on Form 10-K/A for the year ended December 31, 2022 (the Amended “2022 Annual Report”), which was filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 27, 2023. Significant Accounting Policies Unless otherwise noted, the Company’s accounting policies discussed below, or included within the respective footnotes herein, do not materially differ from those disclosed in the Amended 2022 Annual Report.
Use of Estimates	Use of Estimates The preparation of these condensed consolidated financial statements in accordance with GAAP requires the Company to select accounting policies and make estimates that affect amounts reported in the condensed consolidated financial statements and the accompanying notes. The Company’s estimates are based on the relevant information available at the end of each period. Actual results could differ materially from these estimates under different assumptions or market conditions. The Company considered recent impacts from macroeconomic conditions such as inflationary pressures, rising interest rates, the uncertainty and volatility in the financial markets, and supply chain disruptions, as well as any on-going impacts of the COVID-19 Pandemic (as defined below), in the assessment of its financial position, results of operations, and cash flows, as well as certain accounting estimates, as of and for the periods presented.
Segments	SegmentsThe Company has three operating and reportable segments organized based on customer type: Consumer and Small Business (“CSB”), Commercial, and Solar. The accounting policies of the Company’s reportable segments are the same as those of the Company. As discussed in Note 1 “Description of Business and Summary of Significant Accounting Policies,” the Company reports results in three operating and reportable segments: CSB, Commercial, and Solar. The Company’s segments are based on the manner in which the Company’s Chief Executive Officer, who is the chief operating decision maker (the “CODM”) evaluates performance and makes decisions about how to allocate resources. There have been no changes to the Company’s segments from that disclosed in the Amended 2022 Annual Report. The Company organizes its segments based on customer type as follows: • CSB - Customers in the CSB segment are comprised of owners and renters of residential properties, small business operators, and other individual consumers. The CSB segment primarily includes the sale, installation, servicing, and monitoring of integrated security and automation systems, as well as other related offerings. • Commercial - Customers in the Commercial segment are comprised of larger businesses with more expansive facilities (typically larger than 10,000 square feet) and multi-site operations, which often require more sophisticated integrated solutions. The Commercial segment primarily includes the sale, installation, servicing, and monitoring of integrated security and automation systems, fire detection and suppression systems, and other related offerings. • Solar
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements Vintage Disclosures for Financing Receivables - ASU 2022-02, Financial Instruments — Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures , requires reporting entities to disclose current-period gross write-offs by year of origination for financing receivables, among other requirements. This disclosure-only guidance became effective January 1, 2023. The impact to the Company’s condensed consolidated financial statements was not material. Supplier Finance Program Obligations - ASU 2022-04, Liabilities — Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations, requires that a reporting entity who is a buyer in a supplier finance program disclose qualitative and quantitative information about its supplier finance programs, including a roll-forward of the obligations. The Company adopted this guidance effective January 1, 2023, except the roll-forward requirement, which becomes effective January 1, 2024 (early adoption is permitted), and should be applied prospectively. The Company does not currently have any material supplier finance programs. Recently Issued Accounting Pronouncements Fair Value of Equity Investments - ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions, states an entity should not consider the contractual sale restriction when measuring the equity security’s fair value and introduces new disclosure requirements related to such equity securities. This guidance becomes effective January 1, 2024, and should be applied prospectively with any adjustments recognized in earnings and disclosed on the date of adoption. Early adoption is permitted. The Company is currently evaluating this guidance.
Subscriber System Assets, net and Deferred Subscriber Acquisition Costs, net	Subscriber System Assets, net and Deferred Subscriber Acquisition Costs, net Subscriber system assets represent capitalized equipment and installation costs incurred in connection with transactions in which the Company retains ownership of the security system, which the Company may retrieve upon termination of the contract with the customer. Deferred subscriber acquisition costs represent selling expenses (primarily commissions) that are incremental to acquiring customers. Subscriber system assets and any related deferred subscriber acquisition costs are accounted for on a pooled basis based on the month and year of customer acquisition. The Company depreciates and amortizes these pooled costs using an accelerated method over the estimated life of the customer relationship, which is 15 years.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments primarily consist of cash and cash equivalents, restricted cash and restricted cash equivalents, accounts receivable, retail installment contract receivables, accounts payable, debt, and derivative financial instruments. Due to their short-term and/or liquid nature, the fair values of cash, restricted cash, accounts receivable, and accounts payable approximate their respective carrying amounts. Cash Equivalents - Included in cash and cash equivalents and restricted cash and restricted cash equivalents, as applicable from time to time, are investments in money market mutual funds. These investments are generally classified as Level 1 fair value measurements, which represent unadjusted quoted prices in active markets for identical assets or liabilities.
Long-Term Debt Instruments	Long-Term Debt Instruments - The fair values of the Company’s long-term debt instruments are determined using broker-quoted market prices, which represent quoted prices for similar assets or liabilities as well as other observable market data, and are classified as Level 2 fair value measurements. The carrying amounts of debt outstanding, if any, under the Company’s first lien revolving credit facility (the “First Lien Revolving Credit Facility”) and its uncommitted receivables securitization financing agreement (the “Receivables Facility”) approximate their fair values as interest rates on these borrowings approximate current market rates.
Derivative Financial Instruments	Derivative Financial Instruments - Derivative financial instruments are reported at fair value as either assets or liabilities that are primarily calculated using discounted cash flow models utilizing observable inputs, such as quoted forward interest rates, and incorporate credit risk adjustments to reflect the risk of default by the counterparty or the Company. The resulting fair values are classified as Level 2 fair value measurements. Refer to Note 8 “Derivative Financial Instruments” for the fair values of the Company’s derivative financial instruments. For interest rate swap contracts that are: • Not designated as cash flow hedges: Unrealized gains and losses are recognized in interest expense, net. • Designated as cash flow hedges: Unrealized gains and losses are recognized as a component of accumulated other comprehensive income (loss) (“AOCI”) and are reclassified into interest expense, net, in the same period in which the related interest on debt affects earnings. For interest rate swap contracts that have been de-designated as cash flow hedges and for which forecasted cash flows are: • Probable or reasonably possible of occurring: Unrealized gains and losses previously recognized as a component of AOCI are reclassified into interest expense, net, in the same period in which the related interest on variable-rate debt affects earnings through the original maturity date of the related interest rate swap contracts. • Probable of not occurring: Unrealized gains and losses previously recognized as a component of AOCI are immediately reclassified into interest expense, net. The cash flows associated with interest rate swap contracts that included an other-than-insignificant financing element at inception are reflected as cash flows from financing activities.
Retail Installment Contract Receivables, net	Retail Installment Contract Receivables - The fair values of the Company’s retail installment contract receivables are determined using a discounted cash flow model and are classified as Level 3 fair value measurements. Retail Installment Contract Receivables, net For security system transactions occurring under both Company-owned and customer-owned equipment models, the Company’s retail installment contract option allows qualifying residential customers to pay the fees due at installation over a 24-, 36-, or 60-month interest-free period, and there is no significant financing component. Upon origination of a retail installment contract, the Company utilizes external credit scores to assess customer credit quality and determine eligibility. Subsequent to origination, the Company monitors the delinquency status of retail installment contract receivables as the key credit quality indicator.
Revenue and Deferred Revenue	Company-Owned - In transactions in which the Company provides monitoring and related services but retains ownership of the security system (referred to as Company-owned transactions), the Company’s performance obligations primarily include (i) monitoring and related services, which are recognized when these services are provided to the customer, and (ii) a material right associated with the one-time non-refundable fees in connection with the initiation of a monitoring contract which the customer will not be required to pay again upon a renewal of the contract (referred to as deferred subscriber acquisition revenue). Deferred subscriber acquisition revenue is amortized on a pooled basis over the estimated life of the customer relationship using an accelerated method consistent with the treatment of subscriber system assets and deferred subscriber acquisition costs and is reflected in security installation, product, and other revenue.
Allowance for Credit Losses	Allowance for Credit Losses The Company evaluates its allowance for credit losses on accounts receivable in pools based on customer type. For each customer pool, the allowance for credit losses is estimated based on the delinquency status of the underlying receivables and the related historical loss experience, as adjusted for current and expected future conditions, if applicable. The allowance for credit losses is not material for the individual pools of customers.
Contract Assets	Contract Assets Contract assets represent the Company’s right to consideration in exchange for goods or services transferred to the customer. The contract asset is reclassified to accounts receivable when the Company’s right to the consideration becomes unconditional,
Receivables Facility	Receivables Facility Under the Receivables Facility, the Company obtains financing by selling or contributing certain retail installment contract receivables to the Company’s wholly-owned consolidated bankruptcy-remote special purpose entity (“SPE”), which then grants a security interest in those retail installment contract receivables as collateral for cash borrowings. In March 2023, the Company amended the agreement governing the Receivables Facility, pursuant to which, among other things, the borrowing capacity was increased from $400 million to $500 million and the uncommitted revolving period was extended from May 2023 to March 2024.
Earnings Per Share	The Company applies the two-class method for computing and presenting net income (loss) per share for each class of common stock, which allocates current period net income (loss) to each class of common stock and participating securities based on dividends declared and participation rights in the remaining undistributed earnings or losses. Basic net income (loss) per share is computed by dividing the net income (loss) allocated to each class of common stock by the related weighted-average number of shares outstanding during the period. Diluted net income (loss) per share gives effect to all securities representing potential common shares that were dilutive and outstanding during the period for each class of common stock and excludes potentially dilutive securities whose effect would have been anti-dilutive.
Legal Proceedings	Legal Proceedings The Company is subject to various claims and lawsuits in the ordinary course of business, which include among other things commercial general liability claims, automobile liability claims, contractual disputes, worker’s compensation claims, labor law and employment claims, claims that the Company infringed on the intellectual property of others, and consumer and employment class actions. The Company is also subject to regulatory and governmental examinations, information requests and subpoenas, inquiries, investigations, and threatened legal actions and proceedings. In connection with such formal and informal inquiries, the Company receives numerous requests, subpoenas, and orders for documents, testimony, and information in connection with various aspects of its activities. There have been no material changes to these matters from those disclosed in the Amended 2022 Annual Report. The Company records accruals for losses that are probable and reasonably estimable. These accruals are based on a variety of factors such as judgment, probability of loss, opinions of internal and external legal counsel, and actuarially determined estimates of claims incurred but not yet reported based upon historical claims experience. Legal costs in connection with claims and lawsuits in the ordinary course of business are expensed as incurred. Additionally, the Company records insurance recovery receivables from third-party insurers when recovery has been determined to be probable. The Company has not accrued for any losses for which the likelihood of loss cannot be assessed, is less than probable, or the range of possible loss cannot be estimated.
Company as Lessee	Company as Lessee As part of normal operations, the Company leases real estate, vehicles, and equipment.
Company as Lessor	Company as Lessor The Company is a lessor in certain Company-owned transactions as the Company has identified a lease component associated with the right-of-use of the security system and a non-lease component associated with the monitoring and related services. For transactions in which (i) the timing and pattern of transfer is the same for the lease and non-lease components and (ii) the lease component would be classified as an operating lease if accounted for separately, the Company applies the practical expedient to aggregate the lease and non-lease components and accounts for the combined transaction based upon its predominant characteristic, which is the non-lease component. The Company accounts for the combined component as a single performance obligation under the applicable revenue guidance and recognizes the underlying assets within subscriber system assets, net. For transactions that do not qualify for the practical expedient as the lease component represents a sales-type lease, the Company accounts for the lease and non-lease components separately. The Company’s sales-type leases are not material.

DESCRIPTION OF BUSINESS AND S_3

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Schedule of Restatement	Condensed Consolidated Balance Sheet: As of March 31, 2023 (in thousands) As Reported Adjustments As Restated Goodwill $ 5,626,514 $ (100,519) $ 5,525,995 Total assets $ 17,545,697 $ (100,519) $ 17,445,178 Deferred tax liabilities $ 855,803 $ (31,425) $ 824,378 Total liabilities $ 14,231,171 $ (31,425) $ 14,199,746 Accumulated deficit $ (4,032,463) $ (69,094) $ (4,101,557) Total stockholders’ equity $ 3,314,526 $ (69,094) $ 3,245,432 Total liabilities and stockholders’ equity $ 17,545,697 $ (100,519) $ 17,445,178 Condensed Consolidated Statement of Operations: For the three months ended March 31, 2023 (in thousands, except per share amounts) As Reported Adjustments As Restated Goodwill impairment $ 192,700 $ 48,930 $ 241,630 Operating income (loss) $ 42,722 $ (48,930) $ (6,208) Income (loss) before income taxes and equity in net earnings (losses) of equity method investee $ (130,094) $ (48,930) $ (179,024) Income tax benefit (expense) $ 43,073 $ 19,791 $ 62,864 Income (loss) before equity in net earnings (losses) of equity method investee $ (87,021) $ (29,139) $ (116,160) Net income (loss) $ (89,698) $ (29,139) $ (118,837) Net income (loss) per share - basic: Common Stock $ (0.10) $ (0.03) $ (0.13) Class B Common Stock $ (0.10) $ (0.03) $ (0.13) Weighted-average shares outstanding - basic: Common Stock 854,299 — 854,299 Class B Common Stock 54,745 — 54,745 Net income (loss) per share - diluted: Common Stock $ (0.10) $ (0.03) $ (0.13) Class B Common Stock $ (0.10) $ (0.03) $ (0.13) Weighted-average shares outstanding - diluted: Common Stock 854,299 — 854,299 Class B Common Stock 54,745 — 54,745 Condensed Consolidated Statement of Comprehensive Income (Loss): For the three months ended March 31, 2023 (in thousands) As Reported Adjustments As Restated Net income (loss) $ (89,698) $ (29,139) $ (118,837) Comprehensive income (loss) $ (85,591) $ (29,139) $ (114,730) Condensed Consolidated Statement of Stockholders’ Equity: For the three months ended March 31, 2023 (in thousands) As Reported Adjustments As Restated Net income (loss) $ (89,698) $ (29,139) $ (118,837) Accumulated deficit $ (4,032,463) $ (69,094) $ (4,101,557) Total stockholders’ equity $ 3,314,526 $ (69,094) $ 3,245,432 Condensed Consolidated Statement of Cash Flows: For the three months ended March 31, 2023 (in thousands) As Reported Adjustments As Restated Net income (loss) $ (89,698) $ (29,139) $ (118,837) Deferred income taxes $ (49,949) $ (19,791) $ (69,740) Goodwill, intangible, and other asset impairments $ 193,700 $ 48,930 $ 242,630
Schedule of Cash and Cash Equivalents	The following table reconciles the amounts below reported in the Condensed Consolidated Balance Sheets to the total of the same such amounts shown in the Condensed Consolidated Statements of Cash Flows: (in thousands) March 31, 2023 December 31, 2022 Cash and cash equivalents $ 186,316 $ 257,223 Restricted cash and restricted cash equivalents (1) 117,236 116,357 Ending balance $ 303,552 $ 373,580 ________________ (1) Primarily includes amounts received during 2022 from State Farm Fire & Casualty Company (“State Farm”), inclusive of accrued interest, in connection with the State Farm Development Agreement (as defined and discussed in Note 15 “Related Party Transactions”).
Schedule of Subscriber System Assets	(in thousands) March 31, 2023 December 31, 2022 Gross carrying amount $ 6,353,853 $ 6,205,762 Accumulated depreciation (3,274,804) (3,144,459) Subscriber system assets, net $ 3,079,049 $ 3,061,303
Schedule of Subscriber System Asset and Deferred Subscriber Acquisition Costs of Depreciation and Amortization	Depreciation of subscriber system assets and amortization of deferred subscriber acquisition costs are reflected in depreciation and intangible asset amortization and selling, general, and administrative expenses, respectively, as follows: Three Months Ended March 31, (in thousands) 2023 2022 Depreciation of subscriber system assets $ 143,803 $ 133,122 Amortization of deferred subscriber acquisition costs $ 46,684 $ 36,939
Schedule of Accrued Expenses and Other Current Liabilities	(in thousands) March 31, 2023 December 31, 2022 Accrued interest $ 103,508 $ 156,495 Payroll-related accruals 151,392 208,111 Opportunity Fund (see Note 15 “Related Party Transactions”) 99,775 100,802 Operating lease liabilities (see Note 14 "Leases") 26,964 28,696 Other accrued liabilities 359,471 405,676 Accrued expenses and other current liabilities $ 741,110 $ 899,780
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments and Securities	March 31, 2023 December 31, 2022 (in thousands) Carrying Fair Carrying Fair Long-term debt instruments subject to fair value disclosures (1) $ 9,748,108 $ 9,521,276 $ 9,733,700 $ 9,312,932 ________________ (1) Excludes finance leases.
Schedule of Carrying Values and Fair Values of Retail Installment Contract Receivables	March 31, 2023 December 31, 2022 (in thousands) Carrying Fair Carrying Fair Retail installment contract receivables, net $ 575,764 $ 415,563 $ 531,516 $ 385,114

REVENUE AND RECEIVABLES (Tables

REVENUE AND RECEIVABLES (Tables)	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	Disaggregated Revenue Three Months Ended March 31, (in thousands) 2023 2022 CSB: Monitoring and related services $ 1,028,634 $ 993,028 Security installation, product, and other 103,842 69,561 Total CSB 1,132,476 1,062,589 Commercial: Monitoring and related services 144,684 128,268 Security installation, product, and other 190,359 161,909 Total Commercial 335,043 290,177 Solar: Solar installation, product, and other 144,835 191,981 Total Solar 144,835 191,981 Total revenue $ 1,612,354 $ 1,544,747
Amortization of Deferred Subscriber Acquisition Revenue	Three Months Ended March 31, ( in thousands ) 2023 2022 Amortization of deferred subscriber acquisition revenue $ 72,022 $ 53,423
Allowance for Credit Loss Rollforward	Three Months Ended March 31, (in thousands) 2023 2022 Beginning balance $ 65,655 $ 54,032 Provision for credit losses 26,743 20,457 Write-offs, net of recoveries (1) (27,529) (18,762) Ending balance $ 64,869 $ 55,727 ________________ (1) Recoveries were not material for the periods presented. As such, the Company presented write-offs, net of recoveries.
Schedule of Unbilled Retail Installment Contract Receivables, Net	The balance of unbilled retail installment contract receivables comprises: (in thousands) March 31, 2023 December 31, 2022 Retail installment contract receivables, gross $ 576,759 $ 532,406 Allowance for credit losses (995) (890) Retail installment contract receivables, net $ 575,764 $ 531,516 Balance Sheet Classification: Accounts receivable, net $ 188,710 $ 169,242 Other assets 387,054 362,274 Retail installment contract receivables, net $ 575,764 $ 531,516
Summary of Contracts Assets	The balance of contract assets for residential transactions comprises: (in thousands) March 31, 2023 December 31, 2022 Contract assets, gross $ 46,002 $ 54,305 Allowance for credit losses (4,994) (5,453) Contract assets, net $ 41,008 $ 48,852 Balance Sheet Classification: Prepaid expenses and other current assets $ 26,066 $ 33,632 Other assets 14,942 15,220 Contract assets, net $ 41,008 $ 48,852

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Total Revenue by Segment and Reconciliation to Consolidated Total Revenue	The following table presents total revenue by segment and a reconciliation to consolidated total revenue: Three Months Ended March 31, (in thousands) 2023 2022 CSB $ 1,132,476 $ 1,062,589 Commercial 335,043 290,177 Solar 144,835 191,981 Total Revenue $ 1,612,354 $ 1,544,747
Schedule of Segment Information EBITDA Reconciliation	The following table presents Adjusted EBITDA by segment and a reconciliation to consolidated income (loss) before income taxes and equity in net earnings (losses) of equity method investee: Three Months Ended March 31, (in thousands) 2023 2022 Adjusted EBITDA by segment: CSB $ 594,673 $ 560,545 Commercial 40,788 23,630 Solar (10,545) 16,822 Total $ 624,916 $ 600,997 Reconciliation: Total segment Adjusted EBITDA (1) $ 624,916 $ 600,997 Less: Interest expense, net 171,626 6,307 Depreciation and intangible asset amortization 383,055 476,123 Amortization of deferred subscriber acquisition costs 46,684 36,939 Amortization of deferred subscriber acquisition revenue (72,022) (53,423) Share-based compensation expense 15,982 16,020 Merger, restructuring, integration, and other (2) 17,647 528 Goodwill impairment (3) 241,630 — Acquisition-related adjustments (4) 1,630 36,295 Equity in net earnings (losses) of equity method investee (2,677) — Other, net (5) 385 11,039 Income (loss) before income taxes and equity in net earnings (losses) of equity method investee $ (179,024) $ 71,169 ________________ (1) Except for the presentation of goodwill impairment and income (loss) before income taxes and equity in net earnings (losses) of equity method investee, total segment Adjusted EBITDA did not change as a result of the restatement. (2) During 2023, includes restructuring costs primarily related to certain facility exits, as well as integration and third-party costs related to the strategic optimization of the Solar business operations following the ADT Solar acquisition. (3) Represents an impairment charge associated with the Company’s Solar reporting unit. Refer to Note 1 “Description of Business and Summary of Significant Accounting Policies” and Note 6 “Goodwill and Other Intangible Assets.” (4) During 2022, primarily represents the amortization of the customer backlog intangible asset acquired in the ADT Solar Acquisition, which was fully amortized as of March 2022. (5) During 2022, primarily includes net radio conversion costs.

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Goodwill	Changes in the carrying amounts of goodwill by reportable segment were as follows: (in thousands) CSB Commercial Solar Total Balance as of December 31, 2022 $ 4,919,251 $ 336,589 $ 511,176 $ 5,767,016 Acquisitions (1) 609 — — 609 Impairment (2) — — (241,630) (241,630) Balance as of March 31, 2023 (Restated) $ 4,919,860 $ 336,589 $ 269,546 $ 5,525,995 ________________ (1) Includes the impact of measurement period adjustments. (2) Amount presented as restated. Refer to Note 1 “Description of Business and Summary of Significant Accounting Policies.”
Schedule of Indefinite-Lived Intangible Assets	March 31, 2023 December 31, 2022 (in thousands) Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Definite-lived intangible assets: Contracts and related customer relationships $ 5,401,122 $ (2,691,468) $ 2,709,654 $ 7,021,305 $ (4,262,383) $ 2,758,922 Dealer relationships 1,518,020 (558,657) 959,363 1,518,020 (538,801) 979,219 Other 224,283 (206,485) 17,798 224,783 (204,177) 20,606 Total definite-lived intangible assets 7,143,425 (3,456,610) 3,686,815 8,764,108 (5,005,361) 3,758,747 Indefinite-lived intangible assets: Trade name 1,333,000 — 1,333,000 1,333,000 — 1,333,000 Intangible assets $ 8,476,425 $ (3,456,610) $ 5,019,815 $ 10,097,108 $ (5,005,361) $ 5,091,747
Schedule of Finite-Lived Intangible Assets	March 31, 2023 December 31, 2022 (in thousands) Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Definite-lived intangible assets: Contracts and related customer relationships $ 5,401,122 $ (2,691,468) $ 2,709,654 $ 7,021,305 $ (4,262,383) $ 2,758,922 Dealer relationships 1,518,020 (558,657) 959,363 1,518,020 (538,801) 979,219 Other 224,283 (206,485) 17,798 224,783 (204,177) 20,606 Total definite-lived intangible assets 7,143,425 (3,456,610) 3,686,815 8,764,108 (5,005,361) 3,758,747 Indefinite-lived intangible assets: Trade name 1,333,000 — 1,333,000 1,333,000 — 1,333,000 Intangible assets $ 8,476,425 $ (3,456,610) $ 5,019,815 $ 10,097,108 $ (5,005,361) $ 5,091,747 The change in the net carrying amount of contracts and related customer relationships during the period was as follows: (in thousands) Balance as of December 31, 2022 $ 2,758,922 Customer contract additions, net of dealer charge-backs (1) 111,717 Amortization (160,985) Balance as of March 31, 2023 $ 2,709,654 ________________ (1) The weighted-average amortization period for customer contract additions was approximately 15 years.
Schedule of Finite-Lived Intangible Assets, Amortization Expense	Definite-Lived Intangible Asset Amortization Expense Three Months Ended March 31, (in thousands) 2023 2022 Definite-lived intangible asset amortization expense $ 183,149 $ 291,947

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The Company’s debt is comprised of the following (in thousands) : Description Issued Maturity Interest Rate (1) Interest Payable March 31, 2023 December 31, 2022 First Lien Term Loan due 2026 9/23/2019 9/23/2026 Adj. LIBOR +2.75% Quarterly $ 2,723,322 $ 2,730,269 Term Loan A Facility 3/14/2023 3/14/2028 Term SOFR +2.25% Quarterly 600,000 — First Lien Notes due 2024 4/4/2019 4/15/2024 5.250% 2/15 and 8/15 750,000 750,000 First Lien Notes due 2026 4/4/2019 4/15/2026 5.750% 3/15 and 9/15 1,350,000 1,350,000 First Lien Notes due 2027 8/20/2020 8/31/2027 3.375% 6/15 and 12/15 1,000,000 1,000,000 First Lien Notes due 2029 7/29/2021 8/1/2029 4.125% 2/1 and 8/1 1,000,000 1,000,000 ADT Notes due 2023 1/14/2013 6/15/2023 4.125% 6/15 and 12/15 99,999 700,000 ADT Notes due 2032 5/2/2016 7/15/2032 4.875% 1/15 and 7/15 728,016 728,016 ADT Notes due 2042 7/5/2012 7/15/2042 4.875% 1/15 and 7/15 21,896 21,896 Second Lien Notes due 2028 1/28/2020 1/15/2028 6.250% 1/15 and 7/15 1,300,000 1,300,000 Receivables Facility 3/5/2020 2/20/2028 COF +0.85% Monthly 374,108 354,741 Other debt (2) 1,927 2,446 Total debt principal, excluding finance leases 9,949,268 9,937,368 Plus: Finance lease liabilities (3) 92,026 94,888 Less: Unamortized debt discount, net (12,611) (13,415) Less: Unamortized deferred financing costs (55,060) (50,896) Less: Unamortized purchase accounting fair value adjustment and other (133,489) (139,357) Total debt 9,840,134 9,828,588 Less: Current maturities of long-term debt, net of unamortized debt discount (464,566) (871,917) Long-term debt $ 9,375,568 $ 8,956,671 _________________ (1) Interest rate as of March 31, 2023 . LIBOR refers to the London Interbank Offered Rate. SOFR refers to the Secured Overnight Financing Rate. COF refers to Cost of Funds. (2) Other debt primarily consists of vehicle loans at various interest rates and maturities. (3) Refer to Note 14 “Leases” for additional information regarding the Company’s finance leases.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	As of March 31, 2023, the Company’s interest rate swaps consisted of the following (in thousands) : Execution Maturity Designation Notional Amount October 2019 September 2026 Not designated $ 2,800,000 March 2023 March 2028 Not designated $ 100,000
Schedule of Derivative Liabilities at Fair Value	(in thousands) March 31, 2023 December 31, 2022 Prepaid expenses and other current assets $ 78,800 $ 78,110 Other assets 72,357 105,405 Other liabilities (158) — Fair value of interest rate swaps - net asset (liability) $ 150,999 $ 183,515
Schedule of Unrealized Gain (Loss) on Interest Rate Swaps	Three Months Ended March 31, (in thousands) 2023 2022 Gain (loss) included in interest expense, net $ (32,516) $ 145,289
Reclassification out of Accumulated Other Comprehensive Income	Three Months Ended March 31, ( in thousands ) 2023 2022 Interest expense, net $ 5,449 $ 14,620 Income tax (benefit) expense $ (1,314) $ (3,528)

EQUITY (Tables)

EQUITY (Tables)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Schedule of Dividends Declared	(in thousands, except per share data) Common Stock Class B Common Stock Declaration Date Record Date Payment Date Per Share Aggregate Per Share Aggregate Three Months Ended March 31, 2023 2/28/2023 3/16/2023 4/4/2023 $ 0.035 $ 30,342 $ 0.035 $ 1,916 Three Months Ended March 31, 2022 3/1/2022 3/17/2022 4/4/2022 $ 0.035 $ 29,842 $ 0.035 $ 1,916

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended March 31, in thousands, except per share amounts 2023 2022 Allocation of net income (loss) - basic $ (111,720) $ 48,510 Dilutive effect (including conversion of Class B Common Stock) — 2,001 Allocation of net income (loss) - diluted $ (111,720) $ 50,511 Weighted-average shares outstanding - basic 854,299 843,830 Dilutive effect (including conversion of Class B Common Stock) (1) — 67,483 Weighted-average shares outstanding - diluted 854,299 911,313 Net income (loss) per share - basic $ (0.13) $ 0.06 Net income (loss) per share - diluted $ (0.13) $ 0.06 _________________ (1) During the three months ended March 31, 2023, all potential shares of Common Stock that would be dilutive were excluded from the diluted earnings per share calculations because their effects would have been anti-dilutive. During the three months ended March 31, 2022, the diluted earnings per share calculations excluded weighted average shares of approximately 18 million shares as their effects would have been anti-dilutive. Three Months Ended March 31, in thousands, except per share amounts 2023 2022 Allocation of net income (loss) - basic $ (7,117) $ 3,135 Dilutive effect (1) — (85) Allocation of net income (loss) - diluted $ (7,117) $ 3,050 Weighted-average shares outstanding - basic 54,745 54,745 Dilutive effect (1) — — Weighted-average shares outstanding - diluted 54,745 54,745 Net income (loss) per share - basic $ (0.13) $ 0.06 Net income (loss) per share - diluted $ (0.13) $ 0.06 ________________ (1) There were no potential shares of Class B Common Stock during the periods presented.

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Schedule of Consolidated Balance Sheet Information Related to Leases	(in thousands) March 31, 2023 December 31, 2022 Presentation and Classification: Operating Current Prepaid expenses and other current assets $ 388 $ 210 Operating Non-current Other assets 122,489 128,455 Finance Non-current Property and equipment, net (1) 89,924 93,013 Total right-of-use assets $ 212,801 $ 221,678 Operating Current Accrued expenses and other current liabilities $ 26,964 $ 28,696 Finance Current Current maturities of long-term debt 50,446 48,512 Operating Non-current Other liabilities 110,473 116,823 Finance Non-current Long-term debt 41,580 46,376 Total lease liabilities $ 229,463 $ 240,407 _________________ (1) Finance right-of-use assets are recorded net of accumulated depreciation, which was approximately $114 million and $106 million as of March 31, 2023 and December 31, 2022, respectively.
Schedule of Lease Cost	Three Months Ended March 31, ( in thousands ) 2023 2022 Operating lease cost $ 10,222 $ 12,485 Finance lease cost: Amortization of right-of-use assets 11,385 9,852 Interest on lease liabilities 1,049 831 Variable lease costs 20,232 23,134 Total lease cost $ 42,888 $ 46,302
Supplementary Cash Flow Information	Three Months Ended March 31, ( in thousands ) 2023 2022 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 2,332 $ 9,061 Finance leases $ 9,222 $ 8,217

DESCRIPTION OF BUSINESS AND S_4

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Restatement (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Consolidated Balance Sheet
Goodwill	$ 5,525,995		$ 5,767,016
Total assets	17,445,178		17,821,236
Deferred tax liabilities	824,378		892,994
Total liabilities	14,199,746		14,428,088
Accumulated deficit	(4,101,557)		(3,949,579)
Total stockholders' equity	3,245,432	$ 3,280,267	3,393,148	$ 3,248,719
Total liabilities and stockholders' equity	17,445,178		17,821,236
Consolidated Statement of Operations
Goodwill impairment	241,630	0
Operating income (loss)	(6,208)	75,980
Income (loss) before income taxes and equity in net earnings (losses) of equity method investee	(179,024)	71,169
Income tax benefit (expense)	62,864	(19,524)
Income (loss) before equity in net earnings (losses) of equity method investee	(116,160)	51,645
Net income (loss)	(118,837)	51,645
Consolidated Statement of Comprehensive Income (Loss)
Net income (loss)	(118,837)	51,645
Comprehensive income (loss)	(114,730)	62,728
Consolidated Statement of Stockholders' Equity
Net income (loss)	(118,837)	51,645
Total stockholders' equity	3,245,432	3,280,267	3,393,148	3,248,719
Consolidated Statement of Cash Flows
Net income (loss)	(118,837)	51,645
Deferred income taxes	(69,740)	16,172
Goodwill, intangible, and other asset impairments	242,630
Net cash provided by (used in) operating activities	306,640	308,072
Accumulated Deficit
Consolidated Balance Sheet
Total stockholders' equity	(4,101,557)	(3,933,140)	(3,949,579)	(3,952,590)
Consolidated Statement of Operations
Net income (loss)	(118,837)	51,645
Consolidated Statement of Comprehensive Income (Loss)
Net income (loss)	(118,837)	51,645
Consolidated Statement of Stockholders' Equity
Net income (loss)	(118,837)	51,645
Total stockholders' equity	(4,101,557)	(3,933,140)	$ (3,949,579)	$ (3,952,590)
Consolidated Statement of Cash Flows
Net income (loss)	$ (118,837)	$ 51,645
Common Stock
Net income (loss) per share - basic:
Net income (loss) per share - basic common stock and Class B common stock (in dollars per share)	$ (0.13)	$ 0.06
Weighted-average shares outstanding - basic:
Weighted-average shares outstanding - basic common stock and Class B common stock (in shares)	854,299	843,830
Net income (loss) per share - diluted:
Net income (loss) per share - diluted common stock and Class B common stock (in dollars per share)	$ (0.13)	$ 0.06
Weighted-average shares outstanding - diluted:
Weighted-average shares outstanding - diluted common stock and Class B common stock (in shares)	854,299	911,313
Class B common stock
Net income (loss) per share - basic:
Net income (loss) per share - basic common stock and Class B common stock (in dollars per share)	$ (0.13)	$ 0.06
Weighted-average shares outstanding - basic:
Weighted-average shares outstanding - basic common stock and Class B common stock (in shares)	54,745	54,745
Net income (loss) per share - diluted:
Net income (loss) per share - diluted common stock and Class B common stock (in dollars per share)	$ (0.13)	$ 0.06
Weighted-average shares outstanding - diluted:
Weighted-average shares outstanding - diluted common stock and Class B common stock (in shares)	54,745	54,745
As Reported
Consolidated Balance Sheet
Goodwill	$ 5,626,514
Total assets	17,545,697
Deferred tax liabilities	855,803
Total liabilities	14,231,171
Accumulated deficit	(4,032,463)
Total stockholders' equity	3,314,526
Total liabilities and stockholders' equity	17,545,697
Consolidated Statement of Operations
Goodwill impairment	192,700
Operating income (loss)	42,722
Income (loss) before income taxes and equity in net earnings (losses) of equity method investee	(130,094)
Income tax benefit (expense)	43,073
Income (loss) before equity in net earnings (losses) of equity method investee	(87,021)
Net income (loss)	(89,698)
Consolidated Statement of Comprehensive Income (Loss)
Net income (loss)	(89,698)
Comprehensive income (loss)	(85,591)
Consolidated Statement of Stockholders' Equity
Net income (loss)	(89,698)
Total stockholders' equity	3,314,526
Consolidated Statement of Cash Flows
Net income (loss)	(89,698)
Deferred income taxes	(49,949)
Goodwill, intangible, and other asset impairments	193,700
As Reported | Accumulated Deficit
Consolidated Balance Sheet
Total stockholders' equity	(4,032,463)
Consolidated Statement of Stockholders' Equity
Total stockholders' equity	$ (4,032,463)
As Reported | Common Stock
Net income (loss) per share - basic:
Net income (loss) per share - basic common stock and Class B common stock (in dollars per share)	$ (0.10)
Weighted-average shares outstanding - basic:
Weighted-average shares outstanding - basic common stock and Class B common stock (in shares)	854,299
Net income (loss) per share - diluted:
Net income (loss) per share - diluted common stock and Class B common stock (in dollars per share)	$ (0.10)
Weighted-average shares outstanding - diluted:
Weighted-average shares outstanding - diluted common stock and Class B common stock (in shares)	854,299
As Reported | Class B common stock
Net income (loss) per share - basic:
Net income (loss) per share - basic common stock and Class B common stock (in dollars per share)	$ (0.10)
Weighted-average shares outstanding - basic:
Weighted-average shares outstanding - basic common stock and Class B common stock (in shares)	54,745
Net income (loss) per share - diluted:
Net income (loss) per share - diluted common stock and Class B common stock (in dollars per share)	$ (0.10)
Weighted-average shares outstanding - diluted:
Weighted-average shares outstanding - diluted common stock and Class B common stock (in shares)	54,745
Adjustments
Consolidated Balance Sheet
Goodwill	$ (100,519)
Total assets	(100,519)
Deferred tax liabilities	(31,425)
Total liabilities	(31,425)
Accumulated deficit	(69,094)
Total stockholders' equity	(69,094)
Total liabilities and stockholders' equity	(100,519)
Consolidated Statement of Operations
Goodwill impairment	48,930
Operating income (loss)	(48,930)
Income (loss) before income taxes and equity in net earnings (losses) of equity method investee	(48,930)
Income tax benefit (expense)	19,791
Income (loss) before equity in net earnings (losses) of equity method investee	(29,139)
Net income (loss)	(29,139)
Consolidated Statement of Comprehensive Income (Loss)
Net income (loss)	(29,139)
Consolidated Statement of Stockholders' Equity
Net income (loss)	(29,139)
Total stockholders' equity	(69,094)
Consolidated Statement of Cash Flows
Net income (loss)	(29,139)
Deferred income taxes	(19,791)
Goodwill, intangible, and other asset impairments	48,930
Adjustments | Accumulated Deficit
Consolidated Balance Sheet
Total stockholders' equity	(69,094)
Consolidated Statement of Stockholders' Equity
Total stockholders' equity	$ (69,094)
Adjustments | Common Stock
Net income (loss) per share - basic:
Net income (loss) per share - basic common stock and Class B common stock (in dollars per share)	$ (0.03)
Weighted-average shares outstanding - basic:
Weighted-average shares outstanding - basic common stock and Class B common stock (in shares)	0
Net income (loss) per share - diluted:
Net income (loss) per share - diluted common stock and Class B common stock (in dollars per share)	$ (0.03)
Weighted-average shares outstanding - diluted:
Weighted-average shares outstanding - diluted common stock and Class B common stock (in shares)	0
Adjustments | Class B common stock
Net income (loss) per share - basic:
Net income (loss) per share - basic common stock and Class B common stock (in dollars per share)	$ (0.03)
Weighted-average shares outstanding - basic:
Weighted-average shares outstanding - basic common stock and Class B common stock (in shares)	0
Net income (loss) per share - diluted:
Net income (loss) per share - diluted common stock and Class B common stock (in dollars per share)	$ (0.03)
Weighted-average shares outstanding - diluted:
Weighted-average shares outstanding - diluted common stock and Class B common stock (in shares)	0

DESCRIPTION OF BUSINESS AND S_5

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)
Accounting Policies [Abstract]
Number of operating segments	3
Number of reportable segments	3
Revenue from contract with customer, term of customer relationship	15 years
Money market funds | $	$ 122	$ 145

DESCRIPTION OF BUSINESS AND S_6

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 186,316	$ 257,223
Restricted cash and restricted cash equivalents	117,236	116,357
Ending balance	$ 303,552	$ 373,580	$ 28,071	$ 33,277

DESCRIPTION OF BUSINESS AND S_7

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Subscriber System Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Gross carrying amount	$ 6,353,853	$ 6,205,762
Accumulated depreciation	(3,274,804)	(3,144,459)
Subscriber system assets, net	$ 3,079,049	$ 3,061,303

DESCRIPTION OF BUSINESS AND S_8

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Subscriber System Asset and Deferred Subscriber Acquisition Costs of Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accounting Policies [Abstract]
Depreciation of subscriber system assets	$ 143,803	$ 133,122
Amortization of deferred subscriber acquisition costs	$ 46,684	$ 36,939

DESCRIPTION OF BUSINESS AND S_9

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Accrued interest	$ 103,508	$ 156,495
Payroll-related accruals	151,392	208,111
Opportunity fund	99,775	100,802
Operating lease liabilities	26,964	28,696
Other accrued liabilities	359,471	405,676
Accrued expenses and other current liabilities	$ 741,110	$ 899,780

DESCRIPTION OF BUSINESS AND _10

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Carrying Values and Estimated Fair Values of Debt Instruments and Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Carrying Amount
Accounting Policies [Line Items]
Long-term debt instruments subject to fair value disclosures	$ 9,748,108	$ 9,733,700
Fair Value
Accounting Policies [Line Items]
Long-term debt instruments subject to fair value disclosures	$ 9,521,276	$ 9,312,932

DESCRIPTION OF BUSINESS AND _11

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Carrying Values and Fair Values of Retail Installment Contract Receivables (Details) - Retail Installment Contract - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounting Policies [Line Items]
Retail installment contract receivables, net	$ 575,764	$ 531,516
Retail installment contract receivable, fair value	$ 415,563	$ 385,114

REVENUE AND RECEIVABLES - Sched

REVENUE AND RECEIVABLES - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Total revenue	$ 1,612,354	$ 1,544,747
CSB
Disaggregation of Revenue [Line Items]
Total revenue	1,132,476	1,062,589
Commercial
Disaggregation of Revenue [Line Items]
Total revenue	335,043	290,177
Solar
Disaggregation of Revenue [Line Items]
Total revenue	144,835	191,981
Monitoring and related services | CSB
Disaggregation of Revenue [Line Items]
Total revenue	1,028,634	993,028
Monitoring and related services | Commercial
Disaggregation of Revenue [Line Items]
Total revenue	144,684	128,268
Security installation, product, and other
Disaggregation of Revenue [Line Items]
Total revenue	294,201	231,470
Security installation, product, and other | CSB
Disaggregation of Revenue [Line Items]
Total revenue	103,842	69,561
Security installation, product, and other | Commercial
Disaggregation of Revenue [Line Items]
Total revenue	190,359	161,909
Solar installation, product, and other
Disaggregation of Revenue [Line Items]
Total revenue	144,835	191,981
Solar installation, product, and other | Solar
Disaggregation of Revenue [Line Items]
Total revenue	$ 144,835	$ 191,981

REVENUE AND RECEIVABLES - Amort

REVENUE AND RECEIVABLES - Amortization of Deferred Subscriber Acquisition Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Amortization of deferred subscriber acquisition revenue	$ 72,022	$ 53,423

REVENUE AND RECEIVABLES - Narra

REVENUE AND RECEIVABLES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Capitalized Contract Cost [Line Items]
Installation and other revenue fees, other	$ 19,000	$ 38,000
Total revenue	1,612,354	1,544,747
Solar Equipment
Capitalized Contract Cost [Line Items]
Total revenue	75,000	126,000
Cost of revenue	52,000	$ 82,000
Variable Interest Entity, Primary Beneficiary
Capitalized Contract Cost [Line Items]
Transfers accounted for as secured borrowings, assets, carrying amount	$ 538,000		$ 506,000

REVENUE AND RECEIVABLES - Allow

REVENUE AND RECEIVABLES - Allowance for Credit Loss Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 65,655	$ 54,032
Provision for credit losses	26,743	20,457
Write-offs, net of recoveries	(27,529)	(18,762)
Ending balance	$ 64,869	$ 55,727

REVENUE AND RECEIVABLES - Sch_2

REVENUE AND RECEIVABLES - Schedule of Unbilled Retail Installment Contract Receivables, Net (Details) - Retail Installment Contract - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Capitalized Contract Cost [Line Items]
Retail installment contract receivables, gross	$ 576,759	$ 532,406
Allowance for credit losses	(995)	(890)
Retail installment contract receivables, net	575,764	531,516
Accounts receivable, net
Capitalized Contract Cost [Line Items]
Retail installment contract receivables, net	188,710	169,242
Other assets
Capitalized Contract Cost [Line Items]
Retail installment contract receivables, net	$ 387,054	$ 362,274

REVENUE AND RECEIVABLES - Summa

REVENUE AND RECEIVABLES - Summary of Contracts Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Capitalized Contract Cost [Line Items]
Contract assets, gross	$ 46,002	$ 54,305
Allowance for credit losses	(4,994)	(5,453)
Contract assets, net	41,008	48,852
Prepaid expenses and other current assets
Capitalized Contract Cost [Line Items]
Contract assets, net	26,066	33,632
Other assets
Capitalized Contract Cost [Line Items]
Contract assets, net	$ 14,942	$ 15,220

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	3 Months Ended
	Mar. 31, 2023 segment
Segment Reporting [Abstract]
Number of operating segments	3
Number of reportable segments	3

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of Total Revenue by Segment and Reconciliation to Consolidated Total Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue	$ 1,612,354	$ 1,544,747
CSB
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue	1,132,476	1,062,589
Commercial
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue	335,043	290,177
Solar
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue	$ 144,835	$ 191,981

SEGMENT INFORMATION - Schedul_2

SEGMENT INFORMATION - Schedule of Segment Information EBITDA Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest expense, net	$ 171,626	$ 6,307
Depreciation and intangible asset amortization	383,055	476,123
Amortization of deferred subscriber acquisition costs	46,684	36,939
Amortization of deferred subscriber acquisition revenue	(72,022)	(53,423)
Share-based compensation expense	15,982	16,020
Merger, restructuring, integration, and other	17,647	528
Goodwill impairment	241,630	0
Equity in net earnings (losses) of equity method investee	(2,677)	0
Income (loss) before income taxes and equity in net earnings (losses) of equity method investee	(179,024)	71,169
CSB
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Goodwill impairment	0
Commercial
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Goodwill impairment	0
Solar
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Goodwill impairment	241,630
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segment Adjusted EBITDA(1)	624,916	600,997
Operating Segments | CSB
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segment Adjusted EBITDA(1)	594,673	560,545
Operating Segments | Commercial
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segment Adjusted EBITDA(1)	40,788	23,630
Operating Segments | Solar
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segment Adjusted EBITDA(1)	(10,545)	16,822
Segment Reconciling Items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest expense, net	171,626	6,307
Depreciation and intangible asset amortization	383,055	476,123
Amortization of deferred subscriber acquisition costs	46,684	36,939
Amortization of deferred subscriber acquisition revenue	(72,022)	(53,423)
Share-based compensation expense	15,982	16,020
Merger, restructuring, integration, and other	17,647	528
Goodwill impairment	241,630	0
Acquisition-related adjustments	1,630	36,295
Equity in net earnings (losses) of equity method investee	(2,677)	0
Other, net	$ 385	$ 11,039

EQUITY METHOD INVESTMENTS (Deta

EQUITY METHOD INVESTMENTS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Canopy
Schedule of Equity Method Investments [Line Items]
Payments to acquire equity method investments	$ 5
Variable Interest Entity, Not Primary Beneficiary | Canopy
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 10	$ 7
Variable Interest Entity, Not Primary Beneficiary | Canopy
Schedule of Equity Method Investments [Line Items]
Variable interest entity, qualitative or quantitative information, ownership percentage	40%

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Changes in Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 5,767,016
Acquisitions	609
Impairment(2)	(241,630)	$ 0
Goodwill, ending balance	5,525,995
Goodwill, impaired, accumulated impairment loss	443,000		$ 201,000
CSB
Goodwill [Roll Forward]
Goodwill, beginning balance	4,919,251
Acquisitions	609
Impairment(2)	0
Goodwill, ending balance	4,919,860
Commercial
Goodwill [Roll Forward]
Goodwill, beginning balance	336,589
Acquisitions	0
Impairment(2)	0
Goodwill, ending balance	336,589
Solar
Goodwill [Roll Forward]
Goodwill, beginning balance	511,176
Acquisitions	0
Impairment(2)	(241,630)
Goodwill, ending balance	$ 269,546

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Goodwill, impaired, accumulated impairment loss	$ 443,000		$ 201,000
Goodwill, intangible, and other asset impairments	241,630	$ 0
Contracts and related customer relationships | The ADT Security Corporation
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, period increase (decrease)	$ (1,700,000)

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Gross Carrying Amounts and Accumulated Amortization of Other Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Definite-lived intangible assets:
Gross Carrying Amount	$ 7,143,425	$ 8,764,108
Accumulated Amortization	(3,456,610)	(5,005,361)
Net Carrying Amount	3,686,815	3,758,747
Indefinite-lived intangible assets:
Intangible assets, gross (excluding goodwill), total	8,476,425	10,097,108
Total intangible assets, net carrying amount	5,019,815	5,091,747
Trade name
Indefinite-lived intangible assets:
Trade name	1,333,000	1,333,000
Contracts and related customer relationships
Definite-lived intangible assets:
Gross Carrying Amount	5,401,122	7,021,305
Accumulated Amortization	(2,691,468)	(4,262,383)
Net Carrying Amount	2,709,654	2,758,922
Dealer relationships
Definite-lived intangible assets:
Gross Carrying Amount	1,518,020	1,518,020
Accumulated Amortization	(558,657)	(538,801)
Net Carrying Amount	959,363	979,219
Other
Definite-lived intangible assets:
Gross Carrying Amount	224,283	224,783
Accumulated Amortization	(206,485)	(204,177)
Net Carrying Amount	$ 17,798	$ 20,606

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS - Changes in Net Carrying Amount of Contracts and Related Customer Relationships (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Finite-lived Intangible Assets [Roll Forward]
Balance as of beginning of period	$ 3,758,747
Amortization	(183,149)	$ (291,947)
Balance as of end of period	3,686,815
Contracts and related customer relationships
Finite-lived Intangible Assets [Roll Forward]
Balance as of beginning of period	2,758,922
Amortization	(160,985)
Balance as of end of period	$ 2,709,654
Acquired finite-lived intangible assets, weighted average useful life	15 years
Customer Contracts
Finite-lived Intangible Assets [Roll Forward]
Customer contract additions, net of dealer charge-backs	$ 111,717

GOODWILL AND OTHER INTANGIBLE_7

GOODWILL AND OTHER INTANGIBLE ASSETS - Finite-lived Intangible Assets Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Definite-lived intangible asset amortization expense	$ 183,149	$ 291,947

DEBT - Schedule of Long-term De

DEBT - Schedule of Long-term Debt Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 14, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total debt principal, excluding finance leases	$ 9,949,268		$ 9,937,368
Plus: Finance lease liabilities	92,026		94,888
Less: Unamortized debt discount, net	(12,611)		(13,415)
Less: Unamortized deferred financing costs	(55,060)		(50,896)
Less: Unamortized purchase accounting fair value adjustment and other	(133,489)		(139,357)
Total debt	9,840,134		9,828,588
Less: Current maturities of long-term debt, net of unamortized debt discount	(464,566)		(871,917)
Long-term debt	9,375,568		8,956,671
Secured Debt
Debt Instrument [Line Items]
Other debt	1,927		2,446
First Lien Term Loan due 2026 | Secured Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 2,723,322		2,730,269
First Lien Term Loan due 2026 | Secured Debt | LIBOR
Debt Instrument [Line Items]
Interest rate	2.75%
Term Loan A Facility | Secured Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000		0
Term Loan A Facility | Secured Debt | SOFR
Debt Instrument [Line Items]
Interest rate	2.25%
First Lien Notes due 2024 | Secured Debt
Debt Instrument [Line Items]
Interest rate	5.25%
Long-term debt, gross	$ 750,000		750,000
First Lien Notes due 2026 | Secured Debt
Debt Instrument [Line Items]
Interest rate	5.75%
Long-term debt, gross	$ 1,350,000		1,350,000
First Lien Notes due 2027 | Secured Debt
Debt Instrument [Line Items]
Interest rate	3.375%
Long-term debt, gross	$ 1,000,000		1,000,000
First Lien Notes due 2029 | Secured Debt
Debt Instrument [Line Items]
Interest rate	4.125%
Long-term debt, gross	$ 1,000,000		1,000,000
ADT Notes due 2023 | Secured Debt
Debt Instrument [Line Items]
Interest rate	4.125%	4.125%
Long-term debt, gross	$ 99,999		700,000
ADT Notes due 2032 | Secured Debt
Debt Instrument [Line Items]
Interest rate	4.875%
Long-term debt, gross	$ 728,016		728,016
ADT Notes due 2042 | Secured Debt
Debt Instrument [Line Items]
Interest rate	4.875%
Long-term debt, gross	$ 21,896		21,896
Second Lien Notes due 2028 | Secured Debt
Debt Instrument [Line Items]
Interest rate	6.25%
Long-term debt, gross	$ 1,300,000		1,300,000
Receivables Facility | Secured Debt
Debt Instrument [Line Items]
Long-term debt, gross	$ 374,108		$ 354,741
Receivables Facility | Secured Debt | COF
Debt Instrument [Line Items]
Interest rate	0.85%

DEBT - Narrative (Details)

DEBT - Narrative (Details) - USD ($) $ in Millions	Jun. 15, 2023	May 02, 2023	Mar. 15, 2023	Mar. 14, 2023	Mar. 31, 2023	Mar. 17, 2023	Feb. 28, 2023	Mar. 31, 2022
First Lien Credit Agreement | Line of Credit
Debt Instrument [Line Items]
Aggregate principal amount								$ 280
Repurchased face amount								$ 135
Term Loan A Facility | Secured Debt
Debt Instrument [Line Items]
Aggregate principal amount				$ 600
Number of springing maturity dates				91 days
Debt instrument, covenant, springing maturity indebtedness threshold				$ 100
Debt instrument, quarterly repayment, percentage				5%
Basis spread on variable rate				1.50%
Repayments of secured debt			$ 600
Term Loan A Facility | Secured Debt | Adjusted Secured Overnight Financing Rate
Debt Instrument [Line Items]
Basis spread on variable rate				0.10%
Term Loan A Facility | Secured Debt | Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate				0.50%
Term Loan A Facility | Secured Debt | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate				1%
Term Loan A Facility | Secured Debt | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate				2.50%
Incremental Term A Loans | Secured Debt | Forecast
Debt Instrument [Line Items]
Aggregate principal amount	$ 50
ADT Notes due 2023 | Secured Debt
Debt Instrument [Line Items]
Interest rate				4.125%	4.125%
ADT Notes due 2023 | Secured Debt | Forecast
Debt Instrument [Line Items]
Repayments of senior debt	$ 50
ADT Notes Due 2024 | Secured Debt
Debt Instrument [Line Items]
Interest rate						5.25%
ADT Notes Due 2024 | Secured Debt | Subsequent Event
Debt Instrument [Line Items]
Repayments of senior debt		$ 150
Extinguishment of debt, amount		$ 150
Receivables Facility
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity					$ 126
Receivables facility maximum limit					500		$ 400
Revolving Credit Facility | First Lien Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity					$ 575

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Derivative Instruments (Details) - Not Designated as Hedging Instrument $ in Thousands	Mar. 31, 2023 USD ($)
October 2019 - Not Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 2,800,000
March 2023 - Not Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 100,000

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Accumulated other comprehensive income (loss)		$ (43,093)	$ (47,200)
Reclassifications of interest expense		19,000
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Accumulated other comprehensive income (loss)		(41,000)	$ (46,000)
March 2023 - Not Designated | Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount		$ 100,000
April 2023 - Not Designated | Not Designated as Hedging Instrument | Subsequent Event
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 200,000

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Derivative Liabilities at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Prepaid expenses and other current assets	$ 323,962	$ 340,848
Other assets	719,777	723,568
Other liabilities	(265,959)	(271,842)
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Prepaid expenses and other current assets	78,800	78,110
Other assets	72,357	105,405
Other liabilities	(158)	0
Fair value of interest rate swaps - net asset (liability)	$ 150,999	$ 183,515

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Unrealized Gain (Loss) on Interest Rate Swaps (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) included in interest expense, net	$ (32,516)	$ 145,289

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS - Reclassification out of Accumulated Other Comprehensive Income (Details) - Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Reclassification from accumulated other comprehensive income, current period, before tax	$ 5,449	$ 14,620
Income tax (benefit) expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Reclassification from accumulated other comprehensive income, current period, before tax	$ (1,314)	$ (3,528)

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income tax benefit (expense)	$ 62,864	$ (19,524)
Effective tax rate	35.10%	27.40%
Federal statutory income tax rate, percent	21%	21%
State and local income taxes, percent	8.90%	6.70%

EQUITY - Schedule of Dividends

EQUITY - Schedule of Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 28, 2023	Mar. 01, 2022
Common Stock
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cash dividends declared per common share (in dollars per share)	$ 0.035	$ 0.035
Common Stock | Dividend Declared
Accumulated Other Comprehensive Income (Loss) [Line Items]
Dividends, common stock	$ 30,342	$ 29,842
Class B common stock
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cash dividends declared per common share (in dollars per share)	$ 0.035	$ 0.035
Class B common stock | Dividend Declared
Accumulated Other Comprehensive Income (Loss) [Line Items]
Dividends, common stock	$ 1,916	$ 1,916

EQUITY - Narrative (Details)

EQUITY - Narrative (Details) - Common Stock - $ / shares	May 02, 2023	Feb. 28, 2023	Mar. 01, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cash dividends declared per common share (in dollars per share)		$ 0.035	$ 0.035
Subsequent Event
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cash dividends declared per common share (in dollars per share)	$ 0.035

SHARE-BASED COMPENSATION - Narr

SHARE-BASED COMPENSATION - Narrative (Details) - Restricted Stock Units (RSUs) - Share-based Compensation, 2018 Plan shares in Millions	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted in period (in shares) | shares	6.6
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period, weighted average grant date fair value (in dollars per share) | $ / shares	$ 7.60
Share-based compensation arrangement by share-based payment award, award vesting period	3 years

NET INCOME (LOSS) PER SHARE - N

NET INCOME (LOSS) PER SHARE - Narrative (Details) shares in Millions	3 Months Ended
	Mar. 31, 2023 shares
Earnings Per Share [Abstract]
Incremental common shares attributable to dilutive effect of share-based payment arrangements (in shares)	9

NET INCOME (LOSS) PER SHARE - S

NET INCOME (LOSS) PER SHARE - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-based Payment Arrangement
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		18,000
Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Allocation of net income (loss) - basic	$ (111,720)	$ 48,510
Dilutive effect (including conversion of Class B Common Stock)	0	2,001
Allocation of net income (loss) - diluted	$ (111,720)	$ 50,511
Weighted-average shares outstanding - basic common stock and Class B common stock (in shares)	854,299	843,830
Dilutive effect (including conversion of Class B Common Stock) (in shares)	0	67,483
Weighted average number of shares - diluted common stock and Class B common stock (in shares)	854,299	911,313
Net income (loss) per share - basic common stock and Class B common stock (in dollars per share)	$ (0.13)	$ 0.06
Net income (loss) per share - diluted common stock and Class B common stock (in dollars per share)	$ (0.13)	$ 0.06
Class B common stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Allocation of net income (loss) - basic	$ (7,117)	$ 3,135
Dilutive effect (including conversion of Class B Common Stock)	0	(85)
Allocation of net income (loss) - diluted	$ (7,117)	$ 3,050
Weighted-average shares outstanding - basic common stock and Class B common stock (in shares)	54,745	54,745
Dilutive effect (including conversion of Class B Common Stock) (in shares)	0	0
Weighted average number of shares - diluted common stock and Class B common stock (in shares)	54,745	54,745
Net income (loss) per share - basic common stock and Class B common stock (in dollars per share)	$ (0.13)	$ 0.06
Net income (loss) per share - diluted common stock and Class B common stock (in dollars per share)	$ (0.13)	$ 0.06

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Millions	1 Months Ended		3 Months Ended
	Aug. 31, 2022	Jul. 31, 2020	Mar. 31, 2023	Dec. 31, 2022
Loss Contingencies [Line Items]
Financial instruments subject to mandatory redemption, liability			$ 71
Guarantor obligations, maximum exposure, undiscounted			84	$ 93
Insured Claims
Loss Contingencies [Line Items]
Loss contingency accrual			100	$ 90
Google | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement
Loss Contingencies [Line Items]
Future milestone contributions		$ 150
Additional future milestone contributions	$ 150
Collaborative arrangement, reimbursement approve			$ 12.5

LEASES - Schedule of Consolidat

LEASES - Schedule of Consolidated Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease, right-of-use asset, current	$ 388	$ 210
Operating lease, right-of-use asset, non-current	122,489	128,455
Finance lease, right-of-use asset, non-current	89,924	93,013
Total right-of-use assets	212,801	221,678
Operating lease, liability, current	26,964	28,696
Finance lease, liability, current	50,446	48,512
Operating lease, liability, noncurrent	110,473	116,823
Finance lease, liability, noncurrent	41,580	46,376
Total lease liabilities	229,463	240,407
Finance lease, right-of-use asset, accumulated amortization	$ 114,000	$ 106,000
Operating lease, right-of-use asset, statement of financial position [Extensible Enumeration]	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Finance lease, right-of-use asset, statement of financial position [Extensible Enumeration]	Property and equipment, net	Property and equipment, net
Operating lease, liability, statement of financial position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Finance lease, liability, statement of financial position [Extensible Enumeration]	Current maturities of long-term debt	Current maturities of long-term debt
Operating lease, liability, noncurrent, statement of financial position [Extensible Enumeration]	Other liabilities	Other liabilities
Finance lease, liability, noncurrent, statement of financial position [Extensible Enumeration]	Long-term debt	Long-term debt

LEASES - Schedule of Lease Cost

LEASES - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Leases [Abstract]
Operating lease cost	$ 10,222	$ 12,485
Amortization of right-of-use assets	11,385	9,852
Interest on lease liabilities	1,049	831
Variable lease costs	20,232	23,134
Total lease cost	$ 42,888	$ 46,302

LEASES - Supplementary Cash Flo

LEASES - Supplementary Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Leases [Abstract]
Right-of-use assets obtained in exchange for lease obligations - operating leases	$ 2,332	$ 9,061
Right-of-use assets obtained in exchange for lease obligations - finance leases	$ 9,222	$ 8,217

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended		3 Months Ended		12 Months Ended
	Oct. 13, 2022	Mar. 31, 2023	Oct. 31, 2020	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Opportunity funds, maximum investment amount	$ 300,000
Opportunity funds, investment amount received	$ 100,000
Payments from opportunity fund				$ 2,000
Opportunity fund		$ 99,775		99,775		$ 100,802
Canopy
Related Party Transaction [Line Items]
Payments to acquire equity method investments				5,000
ADT | Common Stock | State Farm
Related Party Transaction [Line Items]
Noncontrolling interest, ownership percentage by noncontrolling owners	15%
Private Placement
Related Party Transaction [Line Items]
Shares issued in public offering (in shares)	133,333,333
Price per share (in dollars per share)	$ 9
Consideration received on transaction	$ 1,200,000
Term Loan A Facility | Apollo
Related Party Transaction [Line Items]
Amounts of transaction		$ 1,000
Loan Agreement | Affiliated Entity
Related Party Transaction [Line Items]
Amounts of transaction				6,000	$ 15,000
Proceeds from related party debt				45,000	$ 100,000
Temporary clawback, amount				$ 45,000		$ 56,000
Master Services Agreement | Rackspace US Inc.
Related Party Transaction [Line Items]
Long-term purchase commitment, minimum amount			$ 50,000
Purchase commitment, term			7 years