v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue        
Revenue $ 7,481 $ 6,740 $ 17,737 $ 15,325
Operating Costs and Expenses        
Cost of operations (excluding depreciation and amortization shown below) 5,470 5,629 14,328 12,190
Depreciation and amortization 494 344 926 670
Selling, general and administrative costs (excluding amortization of customer acquisition costs of $93, $68, $180, and $133 respectively, which are included in depreciation and amortization shown separately above) 562 724 1,155 1,273
Acquisition-related transaction and integration costs 16 43 61 51
Total operating costs and expenses 6,542 6,740 16,470 14,184
Gain/(Loss) on sale of assets 37 0 37 (7)
Operating Income 976 0 1,304 1,134
Other Income/(Expense)        
Other income, net 6 5 46 19
Loss on debt extinguishment (9) (10) (9) (10)
Interest expense (310) (148) (595) (311)
Total other expense (313) (153) (558) (302)
Income/(Loss) Before Income Taxes 663 (153) 746 832
Income tax expense/(benefit) 157 (49) 115 186
Net Income/(Loss) 506 (104) 631 646
Less: Cumulative dividends attributable to Series A Preferred Stock 17 17 34 34
Net Income/(Loss) Available for Common Stockholders 489 (121) 597 612
Net Income/(Loss) Available for Common Stockholders $ 489 $ (121) $ 597 $ 612
Income/(Loss) per Share        
Weighted average number of common shares outstanding — basic (in shares) 211 196 209 197
Income per Weighted Average Common Share — Basic (in usd per share) $ 2.32 $ (0.62) $ 2.86 $ 3.11
Weighted average number of common shares outstanding — diluted (in shares) 212 196 210 203
Income per Weighted Average Common Share — Diluted (in usd per share) $ 2.31 $ (0.62) $ 2.84 $ 3.01