Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Total revenue $ 2,253 $ 2,159 $ 4,440 $ 4,217
Cost of services:        
Subscriber acquisition costs 91 89 181 175
Sales and marketing 285 240 557 456
Engineering, design and development 72 65 139 130
General and administrative 127 130 250 251
Depreciation and amortization 135 131 270 263
Impairment, restructuring and acquisition costs 1 (136) 1 108
Total operating expenses 1,757 1,501 3,434 3,305
Income from operations 496 658 1,006 912
Other (expense) income:        
Interest expense (104) (103) (206) (203)
Other (expense) income (4) 5 (2) 8
Total other (expense) income (108) (98) (208) (195)
Income before income taxes 388 560 798 717
Income tax expense (96) (127) (197) (65)
Net income 292 433 601 652
Foreign currency translation adjustment, net of tax (10) 7 (2) 12
Total comprehensive income $ 282 $ 440 $ 599 $ 664
Net income per common share:        
Basic (in USD per share) $ 0.07 $ 0.11 $ 0.15 $ 0.16
Diluted (in USD per share) $ 0.07 $ 0.10 $ 0.15 $ 0.16
Weighted average common shares outstanding:        
Basic (in shares) 3,928 4,079 3,938 4,108
Diluted (in shares) 4,005 4,163 4,016 4,193
Subscriber revenue        
Revenue:        
Total revenue $ 1,719 $ 1,641 $ 3,432 $ 3,252
Advertising revenue        
Revenue:        
Total revenue 452 429 835 783
Equipment revenue        
Revenue:        
Total revenue 45 51 98 108
Cost of services:        
Cost of services 3 4 6 9
Other revenue        
Revenue:        
Total revenue 37 38 75 74
Revenue share and royalties        
Cost of services:        
Cost of services 711 662 1,381 1,303
Programming and content        
Cost of services:        
Cost of services 153 136 292 265
Customer service and billing        
Cost of services:        
Cost of services 125 128 251 244
Transmission        
Cost of services:        
Cost of services $ 54 $ 52 $ 106 $ 101