Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income

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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenue:    
Subscriber revenue $ 1,117,084 $ 1,078,257
Advertising revenue 42,048 36,016
Equipment revenue 35,089 29,658
Music royalty fee and other revenue 180,881 150,135
Total revenue 1,375,102 1,294,066
Cost of services:    
Revenue share and royalties 310,132 277,300
Programming and content 100,836 95,544
Customer service and billing 93,865 96,775
Satellite and transmission 22,722 20,576
Cost of equipment 7,097 6,912
Subscriber acquisition costs 122,693 127,488
Sales and marketing 106,711 96,909
Engineering, design and development 30,637 23,817
General and administrative 84,606 78,201
Depreciation and amortization 72,212 76,704
Total operating expenses 951,511 900,226
Income from operations 423,591 393,840
Other income (expense):    
Interest expense (89,789) (81,657)
Other income 35,888 8,863
Total other expense (53,901) (72,794)
Income before income taxes 369,690 321,046
Income tax expense (80,249) (113,973)
Net income 289,441 207,073
Foreign currency translation adjustment, net of tax (9,584) (17)
Total comprehensive income $ 279,857 $ 207,056
Net income per common share:    
Basic (in dollars per share) $ 0.06 $ 0.04
Diluted (in dollars per share) $ 0.06 $ 0.04
Weighted average common shares outstanding:    
Basic (in shares) 4,491,362 4,710,340
Diluted (in shares) 4,586,445 4,784,420
Dividends declared per common share (in dollars per share) $ 0.011 $ 0.010