Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Comprehensive Income

v3.20.4
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue:      
Revenue $ 8,040 $ 7,794 $ 5,771
Cost of services:      
Subscriber acquisition costs 362 427 470
Sales and marketing 957 937 484
Engineering, design and development 263 280 123
General and administrative 511 524 354
Depreciation and amortization 506 468 301
Acquisition and restructuring costs 28 84 3
Impairment charges 976 0 0
Total operating expenses 7,182 6,147 4,044
Income from operations 858 1,647 1,727
Other (expense) income:      
Interest expense (394) (390) (350)
Loss on extinguishment of debt (40) (57) 0
Other income (expense) 6 (3) 44
Total other (expense) income (428) (450) (306)
Income before income taxes 430 1,197 1,421
Income tax expense (299) (283) (245)
Net income 131 914 1,176
Foreign currency translation adjustment, net of tax 7 14 (29)
Total comprehensive income $ 138 $ 928 $ 1,147
Net income per common share:      
Basic (in USD per share) $ 0.03 $ 0.20 $ 0.26
Diluted (in USD per share) $ 0.03 $ 0.20 $ 0.26
Weighted average common shares outstanding:      
Basic (in shares) 4,330 4,501 4,462
Diluted (in shares) 4,429 4,616 4,561
Subscriber revenue      
Revenue:      
Revenue $ 6,372 $ 6,120 $ 5,264
Advertising revenue      
Revenue:      
Revenue 1,340 1,336 188
Equipment      
Revenue:      
Revenue 173 173 155
Cost of services:      
Cost of services 19 29 31
Other revenue      
Revenue:      
Revenue 155 165 164
Revenue share and royalties      
Cost of services:      
Cost of services 2,421 2,291 1,394
Programming and content      
Cost of services:      
Cost of services 481 462 406
Customer service and billing      
Cost of services:      
Cost of services 481 475 382
Transmission      
Cost of services:      
Cost of services $ 177 $ 170 $ 96