Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Comprehensive Income

v3.19.3.a.u2
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue:      
Revenue $ 7,794 $ 5,771 $ 5,425
Cost of services:      
Cost of services 3,383    
Subscriber acquisition costs 427 470 499
Sales and marketing 937 484 438
Engineering, design and development 280 123 112
General and administrative 524 354 335
Depreciation and amortization 468 301 299
Acquisition and other related costs 84 3  
Total operating expenses 6,147 4,044 3,784
Income from operations 1,647 1,727 1,641
Other (expense) income:      
Interest expense (390) (350) (346)
Loss on extinguishment of debt (57) 0 (44)
Other (expense) income (3) 44 13
Total other (expense) income (450) (306) (377)
Income before income taxes 1,197 1,421 1,264
Income tax expense (283) (245) (616)
Net income 914 1,176 648
Foreign currency translation adjustment, net of tax 14 (29) 19
Total comprehensive income $ 928 $ 1,147 $ 667
Net income per common share:      
Basic (in dollars per share) $ 0.20 $ 0.26 $ 0.14
Diluted (in dollars per share) $ 0.20 $ 0.26 $ 0.14
Weighted average common shares outstanding:      
Basic (in shares) 4,501 4,462 4,638
Diluted (in shares) 4,616 4,561 4,724
Subscriber revenue      
Revenue:      
Revenue $ 6,120 $ 5,264 $ 4,990
Advertising revenue      
Revenue:      
Revenue 1,336 188 160
Equipment      
Revenue:      
Revenue 173 155 132
Cost of services:      
Cost of services 29 31 35
Other revenue      
Revenue:      
Revenue 165 164 143
Revenue share and royalties      
Cost of services:      
Cost of services 2,291 1,394 1,210
Programming and content      
Cost of services:      
Cost of services 462 406 388
Customer service and billing      
Cost of services:      
Cost of services 475 382 385
Transmission      
Cost of services:      
Cost of services $ 170 $ 96 $ 83