DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The components of assets and liabilities of discontinued operations in the accompanying consolidated balance sheet at December 31, 2019 consisted of the following:

	December 31, 2019
	(In thousands)
Cash and cash equivalents	$	2,673,619
Marketable securities	19,993
Accounts receivable, net	181,875
Other current assets	152,592
Total current assets in discontinued operations	$	3,028,079
Property and equipment, net	$	270,288
Goodwill	1,614,623
Intangible assets, net	350,150
Long-term investments	347,976
Other non-current assets	247,746
Total non-current assets in discontinued operations	$	2,830,783
Current portion of long-term debt	$	13,750
Accounts payable, trade	74,166
Deferred revenue	178,647
Accrued expenses and other current liabilities	322,333
Total current liabilities in discontinued operations	$	588,896
Long-term debt, net	$	231,946
Income taxes payable	6,410
Deferred income taxes	28,751
Other long-term liabilities	180,307
Total long-term liabilities in discontinued operations	$	447,414

The key components of earnings (loss) from discontinued operations for the three and nine months ended September 30, 2020 and 2019 consist of the following:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(In thousands)
Revenue	$	—	$	705,381	$	1,410,485	$	2,035,284
Operating costs and expenses	—		(694,765)		(1,840,178)		(2,079,354)
Operating income (loss)	—		10,616		(429,693)		(44,070)
Interest expense	—		(3,139)		(3,772)		(10,491)
Other (expense) income	—		(1,559)		(2,503)		44,014
Income tax benefit	508		16,063		69,898		55,396
Earnings (loss) from discontinued operations	508		21,981		(366,070)		44,849