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, 2024
Mar. 31, 2023
Revenue:    
Total revenue $ 2,162 $ 2,144
Cost of services:    
Subscriber acquisition costs 90 90
Sales and marketing 229 224
Engineering, design and development 86 79
General and administrative 115 147
Depreciation and amortization 140 136
Impairment, restructuring and acquisition costs 28 32
Total operating expenses 1,725 1,732
Income from operations 437 412
Other (expense) income:    
Interest expense (104) (107)
Other income 12 3
Total other expense (92) (104)
Income before income taxes 345 308
Income tax expense (80) (75)
Net income 265 233
Foreign currency translation adjustment, net of tax (7) 0
Total comprehensive income $ 258 $ 233
Net income per common share:    
Basic (in USD per share) $ 0.07 $ 0.06
Diluted (in USD per share) $ 0.07 $ 0.06
Weighted average common shares outstanding:    
Basic (in shares) 3,845 3,889
Diluted (in shares) 3,865 3,939
Subscriber revenue    
Revenue:    
Total revenue $ 1,680 $ 1,691
Advertising revenue    
Revenue:    
Total revenue 402 375
Equipment revenue    
Revenue:    
Total revenue 50 46
Cost of services:    
Cost of services 2 3
Other revenue    
Revenue:    
Total revenue 30 32
Revenue share and royalties    
Cost of services:    
Cost of services 703 700
Programming and content    
Cost of services:    
Cost of services 157 150
Customer service and billing    
Cost of services:    
Cost of services 116 122
Transmission    
Cost of services:    
Cost of services $ 59 $ 49