v3.24.0.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
Total revenue $ 8,953 $ 9,003 $ 8,696
Cost of services:      
Subscriber acquisition costs 359 352 325
Sales and marketing 931 1,075 1,056
Engineering, design and development 322 285 265
General and administrative 550 525 514
Depreciation and amortization 554 536 533
Impairment, restructuring and acquisition costs 82 64 20
Total operating expenses 7,007 6,967 6,681
Income from operations 1,946 2,036 2,015
Other (expense) income:      
Interest expense (423) (422) (415)
Loss on extinguishment of debt 0 0 (83)
Other (expense) income (5) (9) 9
Total other expense (428) (431) (489)
Income before income taxes 1,518 1,605 1,526
Income tax expense (260) (392) (212)
Net income 1,258 1,213 1,314
Foreign currency translation adjustment, net of tax 7 (19) 0
Total comprehensive income $ 1,265 $ 1,194 $ 1,314
Net income per common share:      
Basic (in USD per share) $ 0.33 $ 0.31 $ 0.32
Diluted (in USD per share) $ 0.32 $ 0.31 $ 0.32
Weighted average common shares outstanding:      
Basic (in shares) 3,858 3,916 4,062
Diluted (in shares) 3,888 3,990 4,143
Subscriber revenue      
Revenue:      
Total revenue $ 6,866 $ 6,892 $ 6,614
Advertising revenue      
Revenue:      
Total revenue 1,758 1,772 1,730
Equipment revenue      
Revenue:      
Total revenue 193 189 201
Cost of services:      
Cost of services 14 13 18
Other revenue      
Revenue:      
Total revenue 136 150 151
Revenue share and royalties      
Cost of services:      
Cost of services 2,895 2,802 2,672
Programming and content      
Cost of services:      
Cost of services 618 604 559
Customer service and billing      
Cost of services:      
Cost of services 476 497 501
Transmission      
Cost of services:      
Cost of services $ 206 $ 214 $ 218

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