Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income

v3.19.2
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Revenue $ 1,977 $ 1,432 $ 3,721 $ 2,807
Cost of services:        
Cost of services 872   1,611  
Subscriber acquisition costs 104 120 212 243
Sales and marketing 232 119 415 226
Engineering, design and development 74 27 128 58
General and administrative 120 92 255 177
Depreciation and amortization 119 75 226 147
Acquisition and other related costs 7 0 83 0
Total operating expenses 1,538 1,070 2,949 2,022
Income from operations 439 362 772 785
Other (expense) income:        
Interest expense (97) (86) (187) (176)
Loss on extinguishment of debt 0 0 (1) 0
Other (expense) income (3) 88 (2) 124
Total other (expense) income (100) 2 (190) (52)
Income before income taxes 339 364 582 733
Income tax expense (76) (71) (157) (151)
Net Income available to common stockholders for basic net income per common share 263 293 425 582
Foreign currency translation adjustment, net of tax 7 (9) 14 (18)
Total comprehensive income $ 270 $ 284 $ 439 $ 564
Net income per common share:        
Basic (in dollars per share) $ 0.06 $ 0.07 $ 0.09 $ 0.13
Diluted (in dollars per share) $ 0.06 $ 0.06 $ 0.09 $ 0.13
Weighted average common shares outstanding:        
Basic (in shares) 4,568 4,482 4,569 4,487
Diluted (in shares) 4,675 4,589 4,677 4,589
Dividends declared per common share (in dollars per share) $ 0.0121 $ 0.0110 $ 0.0242 $ 0.0220
Subscriber revenue        
Revenue:        
Revenue $ 1,537 $ 1,304 $ 2,995 $ 2,562
Advertising revenue        
Revenue:        
Revenue 358 47 567 89
Equipment        
Revenue:        
Revenue 41 37 82 72
Cost of services:        
Cost of services 6 8 12 15
Other revenue        
Revenue:        
Revenue 41 44 77 84
Revenue share and royalties        
Cost of services:        
Cost of services 600 404 1,092 714
Programming and content        
Cost of services:        
Cost of services 116 106 222 207
Customer service and billing        
Cost of services:        
Cost of services 120 95 233 189
Transmission        
Cost of services:        
Cost of services $ 40 $ 24 $ 71 $ 46