Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income

v3.20.1
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Revenue $ 1,952 $ 1,744
Cost of services:    
Cost of services 839 739
Subscriber acquisition costs 99 108
Sales and marketing 225 183
Engineering, design and development 71 54
General and administrative 107 135
Depreciation and amortization 132 107
Acquisition and other related costs 0 76
Total operating expenses 1,484 1,411
Income from operations 468 333
Other (expense) income:    
Interest expense (99) (90)
Loss on extinguishment of debt 0 (1)
Other (expense) income 4 1
Total other (expense) income (95) (90)
Income before income taxes 373 243
Income tax expense (80) (81)
Net income 293 162
Foreign currency translation adjustment, net of tax (25) 7
Total comprehensive income $ 268 $ 169
Net income per common share:    
Basic (in dollars per share) $ 0.07 $ 0.04
Diluted (in dollars per share) $ 0.07 $ 0.03
Weighted average common shares outstanding:    
Basic (in shares) 4,405 4,571
Diluted (in shares) 4,515 4,678
Subscriber revenue    
Revenue:    
Revenue $ 1,585 $ 1,458
Advertising revenue    
Revenue:    
Revenue 285 209
Equipment    
Revenue:    
Revenue 41 41
Cost of services:    
Cost of services 4 6
Other revenue    
Revenue:    
Revenue 41 36
Revenue share and royalties    
Cost of services:    
Cost of services 570 492
Programming and content    
Cost of services:    
Cost of services 118 106
Customer service and billing    
Cost of services:    
Cost of services 118 113
Transmission    
Cost of services:    
Cost of services $ 40 $ 31