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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Branded postpaid revenues $ 4,820 $ 4,509 $ 9,545 $ 8,811
Branded prepaid revenues 2,334 2,119 4,633 4,144
Wholesale revenues 234 207 504 407
Roaming and other service revenues 57 53 92 104
Total service revenues 7,445 6,888 14,774 13,466
Equipment revenues 2,506 2,188 4,549 4,039
Other revenues 262 211 503 446
Total revenues 10,213 9,287 19,826 17,951
Operating expenses        
Cost of services, exclusive of depreciation and amortization shown separately below 1,518 1,429 2,926 2,850
Cost of equipment sales 2,846 2,619 5,532 4,993
Selling, general and administrative 2,915 2,772 5,870 5,521
Depreciation and amortization 1,519 1,575 3,083 3,127
Cost of MetroPCS business combination 0 59 0 95
Gains on disposal of spectrum licenses (1) 0 (38) (636)
Total operating expense 8,797 8,454 17,373 15,950
Operating income 1,416 833 2,453 2,001
Other income (expense)        
Interest expense (265) (368) (604) (707)
Interest expense to affiliates (131) (93) (231) (172)
Interest income 6 3 13 6
Other expense, net (92) (3) (90) (5)
Total other expense, net (482) (461) (912) (878)
Income before income taxes 934 372 1,541 1,123
Income tax expense (353) (147) (262) (419)
Dividends on preferred stock (14) (14) (28) (28)
Net income attributable to common stockholders 567 211 1,251 676
Net income 581 225 1,279 704
Other comprehensive income, net of tax        
Unrealized gain on available-for-sale securities, net of tax effect $1, $2, $2 and $0 1 3 2 0
Other comprehensive income 1 3 2 0
Total comprehensive income $ 582 $ 228 $ 1,281 $ 704
Earnings per share        
Basic (in USD per share) $ 0.68 $ 0.26 $ 1.51 $ 0.82
Diluted (in USD per share) $ 0.67 $ 0.25 $ 1.47 $ 0.81
Weighted average shares outstanding        
Basic (in shares) 830,971,528 822,434,490 829,356,255 820,933,126
Diluted (in shares) 870,456,447 829,752,956 870,853,652 829,662,053