Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Revenue $ 2,186 $ 2,058
Cost of services:    
Subscriber acquisition costs 90 86
Sales and marketing 272 217
Engineering, design and development 67 64
General and administrative 123 121
Depreciation and amortization 135 132
Impairment, restructuring and acquisition costs 0 245
Total operating expenses 1,676 1,804
Income from operations 510 254
Other (expense) income:    
Interest expense (103) (100)
Other income 2 3
Total other (expense) income (101) (97)
Income before income taxes 409 157
Income tax (expense) benefit (100) 62
Net income 309 219
Foreign currency translation adjustment, net of tax 8 5
Total comprehensive income $ 317 $ 224
Net income per common share:    
Basic (in USD per share) $ 0.08 $ 0.05
Diluted (in USD per share) $ 0.08 $ 0.05
Weighted average common shares outstanding:    
Basic (in shares) 3,948 4,137
Diluted (in shares) 4,024 4,222
Subscriber revenue    
Revenue:    
Revenue $ 1,713 $ 1,611
Advertising revenue    
Revenue:    
Revenue 383 354
Equipment    
Revenue:    
Revenue 53 57
Cost of services:    
Cost of services 3 4
Other revenue    
Revenue:    
Revenue 37 36
Revenue share and royalties    
Cost of services:    
Cost of services 670 640
Programming and content    
Cost of services:    
Cost of services 140 130
Customer service and billing    
Cost of services:    
Cost of services 125 117
Transmission    
Cost of services:    
Cost of services $ 51 $ 48