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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total revenue $ 1,601,030 $ 1,304,417 $ 3,145,777 $ 2,609,121
Cost of revenue (exclusive of depreciation and amortization shown separately below) 507,813 381,585 1,017,581 762,751
Selling, general, and administrative expenses 487,069 445,636 969,417 895,238
Depreciation and intangible asset amortization 399,416 474,271 875,539 944,080
Merger, restructuring, integration, and other (3,845) 4,804 (3,317) 25,311
Operating income (loss) 210,577 (1,879) 286,557 (18,259)
Interest expense, net (81,651) (166,525) (87,958) (214,249)
Loss on extinguishment of debt 0 0 0 (156)
Other income (expense) 1,463 1,533 2,959 3,336
Income (loss) before income taxes and equity in net earnings (losses) of equity method investee 130,389 (166,871) 201,558 (229,328)
Income tax benefit (expense) (37,924) 41,021 (57,448) 55,584
Income (loss) before equity in net earnings (losses) of equity method investee 92,465 (125,850) 144,110 (173,744)
Equity in net earnings (losses) of equity method investee (948) 0 (948) 0
Net income (loss) $ 91,517 $ (125,850) $ 143,162 $ (173,744)
Common Stock        
Net income (loss) per share - basic:        
Net income (loss) per share - basic common stock and Class B common stock (in dollars per share) $ 0.10 $ (0.15) $ 0.16 $ (0.21)
Weighted-average shares outstanding - basic:        
Weighted average number of shares - basic common stock and Class B common stock (in shares) 848,242 765,922 846,048 764,322
Net income (loss) per share - diluted:        
Net income (loss) per share - diluted common stock and Class B common stock (in dollars per share) $ 0.10 $ (0.15) $ 0.15 $ (0.21)
Weighted-average shares outstanding - diluted:        
Weighted average number of shares - diluted common stock and Class B common stock (in shares) 910,809 765,922 911,005 764,322
Class B common stock        
Net income (loss) per share - basic:        
Net income (loss) per share - basic common stock and Class B common stock (in dollars per share) $ 0.10 $ (0.15) $ 0.16 $ (0.21)
Weighted-average shares outstanding - basic:        
Weighted average number of shares - basic common stock and Class B common stock (in shares) 54,745 54,745 54,745 54,745
Net income (loss) per share - diluted:        
Net income (loss) per share - diluted common stock and Class B common stock (in dollars per share) $ 0.10 $ (0.15) $ 0.15 $ (0.21)
Weighted-average shares outstanding - diluted:        
Weighted average number of shares - diluted common stock and Class B common stock (in shares) 54,745 54,745 54,745 54,745
Monitoring and related services        
Total revenue $ 1,145,792 $ 1,083,520 $ 2,267,088 $ 2,146,286
Installation, product, and other        
Total revenue $ 455,238 $ 220,897 $ 878,689 $ 462,835