Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income

v3.19.3
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Revenue $ 2,011 $ 1,467 $ 5,732 $ 4,275
Cost of services:        
Cost of services 870   2,481  
Subscriber acquisition costs 101 109 313 352
Sales and marketing 233 117 648 344
Engineering, design and development 78 31 206 89
General and administrative 124 86 379 264
Depreciation and amortization 118 76 344 222
Acquisition and other related costs 0 0 83 0
Total operating expenses 1,535 984 4,484 3,007
Income from operations 476 483 1,248 1,268
Other (expense) income:        
Interest expense (104) (86) (291) (263)
Loss on extinguishment of debt (56) 0 (57) 0
Other (expense) income 0 (42) (2) 82
Total other (expense) income (160) (128) (350) (181)
Income before income taxes 316 355 898 1,087
Income tax expense (70) (12) (227) (162)
Net income 246 343 671 925
Foreign currency translation adjustment, net of tax (5) 8 9 (10)
Total comprehensive income $ 241 $ 351 $ 680 $ 915
Net income per common share:        
Basic (in dollars per share) $ 0.06 $ 0.08 $ 0.15 $ 0.21
Diluted (in dollars per share) $ 0.05 $ 0.07 $ 0.15 $ 0.20
Weighted average common shares outstanding:        
Basic (in shares) 4,450 4,474 4,529 4,482
Diluted (in shares) 4,564 4,574 4,641 4,586
Subscriber revenue        
Revenue:        
Revenue $ 1,556 $ 1,340 $ 4,551 $ 3,903
Advertising revenue        
Revenue:        
Revenue 366 46 933 135
Equipment        
Revenue:        
Revenue 45 41 127 113
Cost of services:        
Cost of services 8 7 20 22
Other revenue        
Revenue:        
Revenue 44 40 121 124
Revenue share and royalties        
Cost of services:        
Cost of services 592 343 1,684 1,057
Programming and content        
Cost of services:        
Cost of services 116 96 338 303
Customer service and billing        
Cost of services:        
Cost of services 119 95 352 284
Transmission        
Cost of services:        
Cost of services $ 46 $ 24 $ 117 $ 70