Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue:      
Total revenue $ 5,770,692 $ 5,425,129 $ 5,017,220
Cost of services:      
Subscriber acquisition costs 470,336 499,492 512,809
Sales and marketing 484,044 437,739 386,724
Engineering, design and development 123,219 112,427 82,146
General and administrative 356,819 334,023 341,106
Depreciation and amortization 300,720 298,602 268,979
Total operating expenses 4,043,744 3,784,265 3,585,091
Income from operations 1,726,948 1,640,864 1,432,129
Other income (expense):      
Interest expense (350,073) (345,820) (331,225)
Loss on extinguishment of debt 0 (43,679) (24,229)
Other income 43,699 12,844 14,985
Total other income (expense) (306,374) (376,655) (340,469)
Income before income taxes 1,420,574 1,264,209 1,091,660
Income tax expense (244,681) (616,301) (345,727)
Net income 1,175,893 647,908 745,933
Foreign currency translation adjustment, net of tax (28,613) 18,546 363
Total comprehensive income $ 1,147,280 $ 666,454 $ 746,296
Net income per common share:      
Basic (in dollars per share) $ 0.26 $ 0.14 $ 0.15
Diluted (in dollars per share) $ 0.26 $ 0.14 $ 0.15
Weighted average common shares outstanding:      
Basic (in shares) 4,461,827 4,637,553 4,917,050
Diluted (in shares) 4,560,720 4,723,535 4,964,728
Dividends declared per common share (in dollars per share) $ 0.0451 $ 0.041 $ 0.01
Subscriber revenue      
Revenue:      
Total revenue $ 4,593,803 $ 4,472,522 $ 4,196,852
Advertising revenue      
Revenue:      
Total revenue 187,569 160,347 138,231
Equipment      
Revenue:      
Total revenue 154,878 131,586 118,947
Cost of services:      
Cost of services 30,768 35,448 40,882
Music royalty fee and other revenue      
Revenue:      
Total revenue 834,442 660,674 563,190
Revenue share and royalties      
Cost of services:      
Cost of services 1,393,842 1,210,323 1,108,515
Programming and content      
Cost of services:      
Cost of services 405,686 388,033 353,779
Customer service and billing      
Cost of services:      
Cost of services 382,537 385,431 387,131
Satellite and transmission      
Cost of services:      
Cost of services $ 95,773 $ 82,747 $ 103,020