XML 23 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Revenues $ 19,950 $ 17,671 $ 39,709 $ 28,784
Operating expenses        
Selling, general and administrative 4,823 5,604 9,628 9,292
Impairment expense 0 418 0 418
Depreciation and amortization 4,077 4,064 8,366 5,782
Total operating expenses 17,844 16,851 35,464 26,425
Operating income 2,106 820 4,245 2,359
Other income (expense)        
Interest expense (820) (776) (1,612) (961)
Interest expense to affiliates (32) (63) (78) (162)
Interest income 2 6 5 18
Other expense, net (1) (195) (126) (205)
Total other expense, net (851) (1,028) (1,811) (1,310)
Income (loss) from continuing operations before income taxes 1,255 (208) 2,434 1,049
Income tax expense (277) (2) (523) (308)
Income (loss) from continuing operations 978 (210) 1,911 741
Income from discontinued operations, net of tax 0 320 0 320
Net income 978 110 1,911 1,061
Other comprehensive income (loss), net of tax        
Unrealized gain (loss) on cash flow hedges, net of tax effect of $12, $3, $24, and $(273) 34 2 68 (790)
Unrealized gain on foreign currency translation adjustment, net of tax effect of $0, $0, $0, and $0 1 0 3 0
Other comprehensive income (loss) 35 2 71 (790)
Total comprehensive income $ 1,013 $ 112 $ 1,982 $ 271
Basic earnings (loss) per share:        
Continuing operations (in USD per share) $ 0.78 $ (0.17) $ 1.53 $ 0.71
Discontinued operations (in USD per share) 0 0.26 0 0.30
Basic (in USD per share) 0.78 0.09 1.53 1.01
Diluted earnings (loss) per share:        
Continuing operations (in USD per share) 0.78 (0.17) 1.52 0.70
Discontinued operations (in USD per share) 0 0.26 0 0.30
Diluted (in USD per share) $ 0.78 $ 0.09 $ 1.52 $ 1.00
Weighted average shares outstanding        
Basic (in shares) 1,247,563,331 1,236,528,444 1,245,552,847 1,047,338,364
Diluted (in shares) 1,253,718,122 1,236,528,444 1,254,264,464 1,057,120,389
Postpaid revenues        
Revenues        
Revenues $ 10,492 $ 9,959 $ 20,795 $ 15,846
Prepaid revenues        
Revenues        
Revenues 2,427 2,311 4,778 4,684
Wholesale revenues        
Revenues        
Revenues 935 408 1,832 733
Other service revenues        
Revenues        
Revenues 638 552 1,279 813
Service        
Revenues        
Revenues 14,492 13,230 28,684 22,076
Operating expenses        
Cost of services and equipment sales 3,491 3,098 6,875 4,737
Equipment        
Revenues        
Revenues 5,215 4,269 10,561 6,386
Operating expenses        
Cost of services and equipment sales 5,453 3,667 10,595 6,196
Other revenues        
Revenues        
Revenues $ 243 $ 172 $ 464 $ 322