Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income

v3.20.2
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Revenue $ 1,874 $ 1,977 $ 3,826 $ 3,721
Cost of services:        
Cost of services 856 872 1,695 1,611
Subscriber acquisition costs 48 104 147 212
Sales and marketing 217 232 442 415
Engineering, design and development 61 74 132 128
General and administrative 119 120 226 255
Depreciation and amortization 124 119 256 226
Acquisition and restructuring costs 24 7 24 83
Total operating expenses 1,459 1,538 2,943 2,949
Income from operations 415 439 883 772
Other (expense) income:        
Interest expense (102) (97) (201) (187)
Loss on extinguishment of debt 0 0 0 (1)
Other income (expense) 4 (3) 8 (2)
Total other (expense) income (98) (100) (193) (190)
Income before income taxes 317 339 690 582
Income tax expense (74) (76) (154) (157)
Net income 243 263 536 425
Foreign currency translation adjustment, net of tax 10 7 (15) 14
Total comprehensive income $ 253 $ 270 $ 521 $ 439
Net income per common share:        
Basic (in dollars per share) $ 0.06 $ 0.06 $ 0.12 $ 0.09
Diluted (in dollars per share) $ 0.05 $ 0.06 $ 0.12 $ 0.09
Weighted average common shares outstanding:        
Basic (in shares) 4,369 4,568 4,387 4,569
Diluted (in shares) 4,457 4,675 4,487 4,677
Subscriber revenue        
Revenue:        
Revenue $ 1,578 $ 1,537 $ 3,163 $ 2,995
Advertising revenue        
Revenue:        
Revenue 236 358 521 567
Equipment        
Revenue:        
Revenue 25 41 66 82
Cost of services:        
Cost of services 4 6 8 12
Other revenue        
Revenue:        
Revenue 35 41 76 77
Revenue share and royalties        
Cost of services:        
Cost of services 587 600 1,157 1,092
Programming and content        
Cost of services:        
Cost of services 110 116 228 222
Customer service and billing        
Cost of services:        
Cost of services 122 120 240 233
Transmission        
Cost of services:        
Cost of services $ 43 $ 40 $ 83 $ 71