XML 15 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Revenue $ 6,348 $ 7,282 $ 14,070 $ 15,178
Operating Costs and Expenses        
Cost of operations (excluding depreciation and amortization shown below) 4,962 5,887 13,740 10,817
Depreciation and amortization 315 157 505 340
Impairment losses 0 155 0 155
Selling, general and administrative costs 522 351 948 698
Acquisition-related transaction and integration costs 22 10 93 18
Total operating costs and expenses 5,821 6,560 15,286 12,028
Gain on sale of assets 3 32 202 29
Operating Income/(Loss) 530 754 (1,014) 3,179
Other Income/(Expense)        
Equity in earnings/(losses) of unconsolidated affiliates 5 4 10 (11)
Other income, net 13 12 29 12
Interest expense (151) (105) (299) (208)
Total other expense (133) (89) (260) (207)
Income/(Loss) Before Income Taxes 397 665 (1,274) 2,972
Income tax expense/(benefit) 89 152 (247) 723
Net Income/(Loss) 308 513 (1,027) 2,249
Less: Cumulative dividends attributable to Series A Preferred Stock 17 0 21 0
Net Income/(Loss) Available to Common Stockholders, basic 291 513 (1,048) 2,249
Net Income/(Loss) Available to Common Stockholders, diluted $ 291 $ 513 $ (1,048) $ 2,249
Income/(Loss) per Share        
Weighted average number of common shares outstanding — basic (in shares) 231,000 237,000 230,000 240,000
Weighted average number of common shares outstanding — diluted (in shares) 232,000 237,000 230,000 240,000
Income/(Loss) per Weighted Average Common Share — Basic (in usd per share) $ 1.26 $ 2.16 $ (4.56) $ 9.37
Income/(Loss) per Weighted Average Common Share — Diluted (in usd per share) $ 1.25 $ 2.16 $ (4.56) $ 9.37