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, 2023
Mar. 31, 2022
Revenue:    
Total revenue $ 2,144 $ 2,186
Cost of services:    
Subscriber acquisition costs 90 90
Sales and marketing 224 272
Engineering, design and development 79 67
General and administrative 147 123
Depreciation and amortization 136 135
Impairment, restructuring and acquisition costs 32 0
Total operating expenses 1,732 1,676
Income from operations 412 510
Other (expense) income:    
Interest expense (107) (103)
Other income 3 2
Total other expense (104) (101)
Income before income taxes 308 409
Income tax expense (75) (100)
Net income 233 309
Foreign currency translation adjustment, net of tax 0 8
Total comprehensive income $ 233 $ 317
Net income per common share:    
Basic (in USD per share) $ 0.06 $ 0.08
Diluted (in USD per share) $ 0.06 $ 0.08
Weighted average common shares outstanding:    
Basic (in shares) 3,889 3,948
Diluted (in shares) 3,939 4,024
Subscriber revenue    
Revenue:    
Total revenue $ 1,691 $ 1,713
Advertising revenue    
Revenue:    
Total revenue 375 383
Equipment revenue    
Revenue:    
Total revenue 46 53
Cost of services:    
Cost of services 3 3
Other revenue    
Revenue:    
Total revenue 32 37
Revenue share and royalties    
Cost of services:    
Cost of services 700 670
Programming and content    
Cost of services:    
Cost of services 150 140
Customer service and billing    
Cost of services:    
Cost of services 122 125
Transmission    
Cost of services:    
Cost of services $ 49 $ 51