XML 94 R78.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Reporting (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Income Statement          
Revenue $ 6,740 $ 6,659 $ 15,325 $ 14,088  
Operating expenses 6,396 4,879 13,514 11,099  
Depreciation and amortization 344 360 670 693  
Impairment losses 0 15 0 15  
Total operating costs and expenses 6,740 5,254 14,184 11,807  
Gain/(loss) on sale of assets 0 5 (7) 1  
Operating income/(loss) 0 1,410 1,134 2,282  
Equity in earnings of unconsolidated affiliates 1 4 3 7  
Other income, net 4 3 16 33  
Loss on debt extinguishment (10) (202) (10) (260)  
Interest expense (148) (163) (311) (315)  
(Loss)/Income Before Income Taxes (153) 1,052 832 1,747  
Income tax expense (benefit) (49) 314 186 498  
Net (Loss)/Income Available for Common Stockholders (104) 738 646 1,249  
Other segment information          
Capital expenditures 378 103 595 172  
Equity investments in affiliates 47   47   $ 45
Goodwill 5,017   5,017   5,011
Total assets 24,088   24,088   24,022
Corporate          
Income Statement          
Revenue 0 0 0 0  
Operating expenses 52 22 71 41  
Depreciation and amortization 11 10 22 20  
Impairment losses   0   0  
Total operating costs and expenses 63 32 93 61  
Gain/(loss) on sale of assets   0 0 0  
Operating income/(loss) (63) (32) (93) (61)  
Equity in earnings of unconsolidated affiliates 0 0 0 0  
Other income, net 6 10 22 38  
Loss on debt extinguishment (10) (202) (10) (260)  
Interest expense (148) (163) (311) (315)  
(Loss)/Income Before Income Taxes (215) (387) (392) (598)  
Income tax expense (benefit) (49) 314 186 498  
Net (Loss)/Income Available for Common Stockholders (166) (701) (578) (1,096)  
Other segment information          
Capital expenditures 25 13 48 27  
Equity investments in affiliates 0   0   0
Goodwill 0   0   0
Total assets 16,364   16,364   15,543
Eliminations          
Income Statement          
Revenue (23) (13) (43) (19)  
Operating expenses (23) (13) (43) (19)  
Depreciation and amortization 0 0 0 0  
Impairment losses   0   0  
Total operating costs and expenses (23) (13) (43) (19)  
Gain/(loss) on sale of assets   0 0 0  
Operating income/(loss) 0 0 0 0  
Equity in earnings of unconsolidated affiliates 0 0 0 0  
Other income, net 0 0 0 0  
Loss on debt extinguishment 0 0 0 0  
Interest expense 0 0 0 0  
(Loss)/Income Before Income Taxes 0 0 0 0  
Income tax expense (benefit) 0 0 0 0  
Net (Loss)/Income Available for Common Stockholders 0 0 0 0  
Other segment information          
Capital expenditures 0 0 0 0  
Equity investments in affiliates 0   0   0
Goodwill 0   0   0
Total assets (18,813)   (18,813)   (15,345)
Texas | Operating Segments          
Income Statement          
Revenue 2,847 2,763 5,282 4,996  
Operating expenses 2,371 1,719 4,386 3,517  
Depreciation and amortization 93 77 176 159  
Impairment losses   0   0  
Total operating costs and expenses 2,464 1,796 4,562 3,676  
Gain/(loss) on sale of assets   0 0 (4)  
Operating income/(loss) 383 967 720 1,316  
Equity in earnings of unconsolidated affiliates 0 0 0 0  
Other income, net (1) 0 (1) 0  
Loss on debt extinguishment 0 0 0 0  
Interest expense 0 0 0 0  
(Loss)/Income Before Income Taxes 382 967 719 1,316  
Income tax expense (benefit) 0 0 0 0  
Net (Loss)/Income Available for Common Stockholders 382 967 719 1,316  
Other segment information          
Capital expenditures 337 80 527 125  
Equity investments in affiliates 0   0   0
Goodwill 643   643   643
Total assets 8,646   8,646   6,925
Texas | Eliminations          
Income Statement          
Revenue (6) (9) (13) (10)  
East | Operating Segments          
Income Statement          
Revenue 2,737 2,532 7,314 6,047  
Operating expenses 3,048 2,045 6,887 4,940  
Depreciation and amortization 36 39 73 78  
Impairment losses   0   0  
Total operating costs and expenses 3,084 2,084 6,960 5,018  
Gain/(loss) on sale of assets   0 0 0  
Operating income/(loss) (347) 448 354 1,029  
Equity in earnings of unconsolidated affiliates 0 0 0 0  
Other income, net 0 0 4 0  
Loss on debt extinguishment 0 0 0 0  
Interest expense 0 0 0 0  
(Loss)/Income Before Income Taxes (347) 448 358 1,029  
Income tax expense (benefit) 0 0 0 0  
Net (Loss)/Income Available for Common Stockholders (347) 448 358 1,029  
Other segment information          
Capital expenditures 5 0 5 0  
Equity investments in affiliates 0   0   0
Goodwill 721   721   721
Total assets 8,932   8,932   8,021
East | Eliminations          
Income Statement          
Revenue (2) 0 (1) 0  
West/Services/Other | Operating Segments          
Income Statement          
Revenue 675 910 1,774 2,129  
Operating expenses 520 851 1,536 2,117  
Depreciation and amortization 11 48 24 73  
Impairment losses   15   15  
Total operating costs and expenses 531 914 1,560 2,205  
Gain/(loss) on sale of assets   5 (7) 5  
Operating income/(loss) 144 1 207 (71)  
Equity in earnings of unconsolidated affiliates 1 4 3 7  
Other income, net (1) 1 (1) (1)  
Loss on debt extinguishment 0 0 0 0  
Interest expense 0 0 0 0  
(Loss)/Income Before Income Taxes 144 6 209 (65)  
Income tax expense (benefit) 0 0 0 0  
Net (Loss)/Income Available for Common Stockholders 144 6 209 (65)  
Other segment information          
Capital expenditures 4 4 7 10  
Equity investments in affiliates 47   47   45
Goodwill 159   159   153
Total assets 2,228   2,228   2,254
West/Services/Other | Eliminations          
Income Statement          
Revenue (2) (4) (4) (9)  
Vivint Smart Home | Operating Segments          
Income Statement          
Revenue 504 467 998 935  
Operating expenses 428 255 677 503  
Depreciation and amortization 193 186 375 363  
Impairment losses   0   0  
Total operating costs and expenses 621 441 1,052 866  
Gain/(loss) on sale of assets   0 0 0  
Operating income/(loss) (117) 26 (54) 69  
Equity in earnings of unconsolidated affiliates 0 0 0 0  
Other income, net 0 (8) (8) (4)  
Loss on debt extinguishment 0 0 0 0  
Interest expense 0 0 0 0  
(Loss)/Income Before Income Taxes (117) 18 (62) 65  
Income tax expense (benefit) 0 0 0 0  
Net (Loss)/Income Available for Common Stockholders (117) 18 (62) 65  
Other segment information          
Capital expenditures 7 6 8 10  
Equity investments in affiliates 0   0   0
Goodwill 3,494   3,494   3,494
Total assets 6,731   6,731   $ 6,624
Vivint Smart Home | Eliminations          
Income Statement          
Revenue $ (13) $ 0 $ (25) $ 0