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 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Total revenue $ 2,250 $ 2,253 $ 4,394 $ 4,440
Cost of services:        
Subscriber acquisition costs 93 91 183 181
Sales and marketing 220 285 443 557
Engineering, design and development 83 72 162 139
General and administrative 157 127 303 250
Depreciation and amortization 139 135 275 270
Impairment, restructuring and acquisition costs 18 1 50 1
Total operating expenses 1,771 1,757 3,503 3,434
Income from operations 479 496 891 1,006
Other (expense) income:        
Interest expense (107) (104) (213) (206)
Other income (expense) 0 (4) 3 (2)
Total other expense (107) (108) (210) (208)
Income before income taxes 372 388 681 798
Income tax expense (62) (96) (138) (197)
Net income 310 292 543 601
Foreign currency translation adjustment, net of tax 7 (10) 7 (2)
Total comprehensive income $ 317 $ 282 $ 550 $ 599
Net income per common share:        
Basic (in USD per share) $ 0.08 $ 0.07 $ 0.14 $ 0.15
Diluted (in USD per share) $ 0.08 $ 0.07 $ 0.14 $ 0.15
Weighted average common shares outstanding:        
Basic (in shares) 3,861 3,928 3,875 3,938
Diluted (in shares) 3,873 4,005 3,892 4,016
Subscriber revenue        
Revenue:        
Total revenue $ 1,725 $ 1,719 $ 3,417 $ 3,432
Advertising revenue        
Revenue:        
Total revenue 445 452 819 835
Equipment revenue        
Revenue:        
Total revenue 47 45 93 98
Cost of services:        
Cost of services 3 3 7 6
Other revenue        
Revenue:        
Total revenue 33 37 65 75
Revenue share and royalties        
Cost of services:        
Cost of services 732 711 1,432 1,381
Programming and content        
Cost of services:        
Cost of services 153 153 303 292
Customer service and billing        
Cost of services:        
Cost of services 123 125 246 251
Transmission        
Cost of services:        
Cost of services $ 50 $ 54 $ 99 $ 106