Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Revenue $ 2,159 $ 1,874 $ 4,217 $ 3,826
Cost of services:        
Subscriber acquisition costs 89 48 175 147
Sales and marketing 240 217 456 442
Engineering, design and development 65 61 130 132
General and administrative 130 119 251 226
Depreciation and amortization 131 124 263 256
Impairment, restructuring and acquisition costs (136) 24 108 24
Total operating expenses 1,501 1,459 3,305 2,943
Income from operations 658 415 912 883
Other (expense) income:        
Interest expense (103) (102) (203) (201)
Other income 5 4 8 8
Total other (expense) income (98) (98) (195) (193)
Income before income taxes 560 317 717 690
Income tax expense (127) (74) (65) (154)
Net income 433 243 652 536
Foreign currency translation adjustment, net of tax 7 10 12 (15)
Total comprehensive income $ 440 $ 253 $ 664 $ 521
Net income per common share:        
Basic (in USD per share) $ 0.11 $ 0.06 $ 0.16 $ 0.12
Diluted (in USD per share) $ 0.10 $ 0.05 $ 0.16 $ 0.12
Weighted average common shares outstanding:        
Basic (in shares) 4,079 4,369 4,108 4,387
Diluted (in shares) 4,163 4,457 4,193 4,487
Subscriber revenue        
Revenue:        
Revenue $ 1,641 $ 1,578 $ 3,252 $ 3,163
Advertising revenue        
Revenue:        
Revenue 429 236 783 521
Equipment        
Revenue:        
Revenue 51 25 108 66
Cost of services:        
Cost of services 4 4 9 8
Other revenue        
Revenue:        
Revenue 38 35 74 76
Revenue share and royalties        
Cost of services:        
Cost of services 662 587 1,303 1,157
Programming and content        
Cost of services:        
Cost of services 136 110 265 228
Customer service and billing        
Cost of services:        
Cost of services 128 122 244 240
Transmission        
Cost of services:        
Cost of services $ 52 $ 43 $ 101 $ 83