Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income

v3.20.2
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Revenue $ 2,025 $ 2,011 $ 5,851 $ 5,732
Cost of services:        
Subscriber acquisition costs 110 101 257 313
Sales and marketing 222 233 664 648
Engineering, design and development 64 78 196 206
General and administrative 131 124 357 379
Depreciation and amortization 125 118 381 344
Acquisition and restructuring costs 0 0 24 83
Total operating expenses 1,547 1,535 4,490 4,484
Income from operations 478 476 1,361 1,248
Other (expense) income:        
Interest expense (96) (104) (297) (291)
Loss on extinguishment of debt (40) (56) (40) (57)
Other income (expense) 2 0 10 (2)
Total other (expense) income (134) (160) (327) (350)
Income before income taxes 344 316 1,034 898
Income tax expense (72) (70) (226) (227)
Net income 272 246 808 671
Foreign currency translation adjustment, net of tax 7 (5) (8) 9
Total comprehensive income $ 279 $ 241 $ 800 $ 680
Net income per common share:        
Basic (USD per share) $ 0.06 $ 0.06 $ 0.19 $ 0.15
Diluted (USD per share) $ 0.06 $ 0.05 $ 0.18 $ 0.15
Weighted average common shares outstanding:        
Basic (in shares) 4,326 4,450 4,367 4,529
Diluted (in shares) 4,415 4,564 4,465 4,641
Subscriber revenue        
Revenue:        
Revenue $ 1,594 $ 1,556 $ 4,757 $ 4,551
Advertising revenue        
Revenue:        
Revenue 345 366 866 933
Equipment        
Revenue:        
Revenue 47 45 113 127
Cost of services:        
Cost of services 5 8 13 20
Other revenue        
Revenue:        
Revenue 39 44 115 121
Revenue share and royalties        
Cost of services:        
Cost of services 602 592 1,759 1,684
Programming and content        
Cost of services:        
Cost of services 123 116 351 338
Customer service and billing        
Cost of services:        
Cost of services 119 119 359 352
Transmission        
Cost of services:        
Cost of services $ 46 $ 46 $ 129 $ 117