Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Revenue $ 8,696 $ 8,040 $ 7,794
Cost of services:      
Subscriber acquisition costs 325 362 427
Sales and marketing 1,056 957 937
Engineering, design and development 265 263 280
General and administrative 514 511 524
Depreciation and amortization 533 506 468
Impairment, restructuring and acquisition costs 20 1,004 84
Total operating expenses 6,681 7,182 6,147
Income from operations 2,015 858 1,647
Other (expense) income:      
Interest expense (415) (394) (390)
Loss on extinguishment of debt (83) (40) (57)
Other income (expense) 9 6 (3)
Total other (expense) income (489) (428) (450)
Income before income taxes 1,526 430 1,197
Income tax expense (212) (299) (283)
Net income 1,314 131 914
Foreign currency translation adjustment, net of tax 0 7 14
Total comprehensive income $ 1,314 $ 138 $ 928
Net income per common share:      
Basic (in USD per share) $ 0.32 $ 0.03 $ 0.20
Diluted (in USD per share) $ 0.32 $ 0.03 $ 0.20
Weighted average common shares outstanding:      
Basic (in shares) 4,062 4,330 4,501
Diluted (in shares) 4,143 4,429 4,616
Subscriber revenue      
Revenue:      
Revenue $ 6,614 $ 6,372 $ 6,120
Advertising revenue      
Revenue:      
Revenue 1,730 1,340 1,336
Equipment      
Revenue:      
Revenue 201 173 173
Cost of services:      
Cost of services 18 19 29
Other revenue      
Revenue:      
Revenue 151 155 165
Revenue share and royalties      
Cost of services:      
Cost of services 2,672 2,421 2,291
Programming and content      
Cost of services:      
Cost of services 559 481 462
Customer service and billing      
Cost of services:      
Cost of services 501 481 475
Transmission      
Cost of services:      
Cost of services $ 218 $ 177 $ 170