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Note 15 - Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Quarterly Financial Information [Text Block]

15.

Selected Quarterly Financial Data (Unaudited)

 

   

Fiscal Quarter

 
   

First

   

Second

   

Third

   

Fourth

 
   

(In millions, except for per share data)

 

Year Ended December 31, 2019:

                               

Revenue (less agency commissions)

  $ 518     $ 508     $ 517     $ 579  

Operating income

    40       119       139       180  

Net (loss) income available to common stockholders

    (31 )     31       46       81  
                                 

Basic net (loss) income available to common stockholders per share

  $ (0.31 )   $ 0.31     $ 0.46     $ 0.82  

Diluted net (loss) income available to common stockholders per share

  $ (0.31 )   $ 0.31     $ 0.46     $ 0.81  
                                 

Year Ended December 31, 2018:

                               

Revenue (less agency commissions)

  $ 226     $ 250     $ 279     $ 329  

Operating income

    50       80       108       151  

Net income

    20       41       62       88  
                                 

Basic net income per share

  $ 0.22     $ 0.46     $ 0.71     $ 1.01  

Diluted net income per share

  $ 0.22     $ 0.46     $ 0.70     $ 1.00  

 

Because of the method used in calculating per share data, the sum of the quarterly per share data will not necessarily equal the per share data as computed for the year.