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 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Revenue $ 2,198 $ 2,025 $ 6,415 $ 5,851
Cost of services:        
Subscriber acquisition costs 71 110 245 257
Sales and marketing 269 222 725 664
Engineering, design and development 68 64 197 196
General and administrative 125 131 376 357
Depreciation and amortization 135 125 399 381
Impairment, restructuring and acquisition costs (95) 0 13 24
Total operating expenses 1,570 1,547 4,875 4,490
Income from operations 628 478 1,540 1,361
Other (expense) income:        
Interest expense (111) (96) (313) (297)
Loss on extinguishment of debt (83) (40) (83) (40)
Other (expense) income (1) 2 8 10
Total other (expense) income (195) (134) (388) (327)
Income before income taxes 433 344 1,152 1,034
Income tax expense (90) (72) (157) (226)
Net income 343 272 995 808
Foreign currency translation adjustment, net of tax (10) 7 2 (8)
Total comprehensive income $ 333 $ 279 $ 997 $ 800
Net income per common share:        
Basic (in USD per share) $ 0.08 $ 0.06 $ 0.24 $ 0.19
Diluted (in USD per share) $ 0.08 $ 0.06 $ 0.24 $ 0.18
Weighted average common shares outstanding:        
Basic (in shares) 4,044 4,326 4,086 4,367
Diluted (in shares) 4,119 4,415 4,170 4,465
Subscriber revenue        
Revenue:        
Revenue $ 1,666 $ 1,594 $ 4,918 $ 4,757
Advertising revenue        
Revenue:        
Revenue 451 345 1,235 866
Equipment        
Revenue:        
Revenue 41 47 149 113
Cost of services:        
Cost of services 4 5 12 13
Other revenue        
Revenue:        
Revenue 40 39 113 115
Revenue share and royalties        
Cost of services:        
Cost of services 671 602 1,974 1,759
Programming and content        
Cost of services:        
Cost of services 141 123 407 351
Customer service and billing        
Cost of services:        
Cost of services 127 119 372 359
Transmission        
Cost of services:        
Cost of services $ 54 $ 46 $ 155 $ 129