XML 92 R78.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Reporting (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Income Statement          
Revenue $ 7,635 $ 7,223 $ 22,960 $ 21,311  
Operating expenses 6,861 7,891 20,375 18,990  
Depreciation and amortization 360 352 1,030 1,045  
Impairment losses 0 0 0 15  
Total operating costs and expenses 7,221 8,243 21,405 20,050  
Gain/(loss) on sale of assets 0 208 (7) 209  
Operating income/(loss) 414 (812) 1,548 1,470  
Equity in earnings of unconsolidated affiliates 1 6 4 13  
Other income, net 10 5 26 38  
Loss on debt extinguishment 0 0 (10) (260)  
Interest expense (187) (213) (498) (528)  
Income/(Loss) Before Income Taxes 238 (1,014) 1,070 733  
Income tax expense (benefit) 86 (247) 272 251  
Net Income/(Loss) Available for Common Stockholders 152 (767) 798 482  
Other segment information          
Capital expenditures 254 114 849 286  
Equity investments in affiliates 48   48   $ 45
Goodwill 5,015   5,015   5,011
Total assets 23,971   23,971   24,022
Corporate          
Income Statement          
Revenue 0 0 0 0  
Operating expenses 24 24 95 65  
Depreciation and amortization 11 11 33 31  
Impairment losses       0  
Total operating costs and expenses 35 35 128 96  
Gain/(loss) on sale of assets   0 0 0  
Operating income/(loss) (35) (35) (128) (96)  
Equity in earnings of unconsolidated affiliates 0 0 0 0  
Other income, net 8 7 30 45  
Loss on debt extinguishment     (10) (260)  
Interest expense (187) (213) (498) (528)  
Income/(Loss) Before Income Taxes (214) (241) (606) (839)  
Income tax expense (benefit) 86 (247) 272 251  
Net Income/(Loss) Available for Common Stockholders (300) 6 (878) (1,090)  
Other segment information          
Capital expenditures 39 14 87 41  
Equity investments in affiliates 0   0   0
Goodwill 0   0   0
Total assets 16,714   16,714   15,543
Eliminations          
Income Statement          
Revenue (21) (10) (64) (29)  
Operating expenses (21) (10) (64) (29)  
Depreciation and amortization 0 0 0 0  
Impairment losses       0  
Total operating costs and expenses (21) (10) (64) (29)  
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  
Interest expense 0 0 0 0  
Income/(Loss) Before Income Taxes 0 0 0 0  
Income tax expense (benefit) 0 0 0 0  
Net Income/(Loss) 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 (20,542)   (20,542)   (15,345)
Texas | Operating Segments          
Income Statement          
Revenue 3,379 3,301 8,661 8,297  
Operating expenses 2,997 4,274 7,383 7,791  
Depreciation and amortization 95 81 271 240  
Impairment losses       0  
Total operating costs and expenses 3,092 4,355 7,654 8,031  
Gain/(loss) on sale of assets   0 0 (4)  
Operating income/(loss) 287 (1,054) 1,007 262  
Equity in earnings of unconsolidated affiliates 0 0 0 0  
Other income, net 0 (1) (1) (1)  
Loss on debt extinguishment     0 0  
Interest expense 0 0 0 0  
Income/(Loss) Before Income Taxes 287 (1,055) 1,006 261  
Income tax expense (benefit) 0 0 0 0  
Net Income/(Loss) Available for Common Stockholders 287 (1,055) 1,006 261  
Other segment information          
Capital expenditures 203 87 730 212  
Equity investments in affiliates 0   0   0
Goodwill 643   643   643
Total assets 9,545   9,545   6,925
Texas | Eliminations          
Income Statement          
Revenue (4) (5) (17) (15)  
East | Operating Segments          
Income Statement          
Revenue 3,030 2,600 10,344 8,647  
Operating expenses 2,869 2,470 9,756 7,410  
Depreciation and amortization 37 39 110 117  
Impairment losses       0  
Total operating costs and expenses 2,906 2,509 9,866 7,527  
Gain/(loss) on sale of assets   0 0 0  
Operating income/(loss) 124 91 478 1,120  
Equity in earnings of unconsolidated affiliates 0 0 0 0  
Other income, net 0 (1) 4 (1)  
Loss on debt extinguishment     0 0  
Interest expense 0 0 0 0  
Income/(Loss) Before Income Taxes 124 90 482 1,119  
Income tax expense (benefit) 0 0 0 0  
Net Income/(Loss) Available for Common Stockholders 124 90 482 1,119  
Other segment information          
Capital expenditures 4 2 9 2  
Equity investments in affiliates 0   0   0
Goodwill 721   721   721
Total assets 8,965   8,965   8,021
East | Eliminations          
Income Statement          
Revenue 0 0 (1) 0  
West/Services/Other | Operating Segments          
Income Statement          
Revenue 715 833 2,489 2,962  
Operating expenses 722 875 2,258 2,992  
Depreciation and amortization 10 23 34 96  
Impairment losses       15  
Total operating costs and expenses 732 898 2,292 3,103  
Gain/(loss) on sale of assets   208 (7) 213  
Operating income/(loss) (17) 143 190 72  
Equity in earnings of unconsolidated affiliates 1 6 4 13  
Other income, net 0 6 (1) 5  
Loss on debt extinguishment     0 0  
Interest expense 0 0 0 0  
Income/(Loss) Before Income Taxes (16) 155 193 90  
Income tax expense (benefit) 0 0 0 0  
Net Income/(Loss) Available for Common Stockholders (16) 155 193 90  
Other segment information          
Capital expenditures 2 3 9 13  
Equity investments in affiliates 48   48   45
Goodwill 157   157   153
Total assets 2,622   2,622   2,254
West/Services/Other | Eliminations          
Income Statement          
Revenue (2) (5) (6) (14)  
Vivint Smart Home | Operating Segments          
Income Statement          
Revenue 532 499 1,530 1,434  
Operating expenses 270 258 947 761  
Depreciation and amortization 207 198 582 561  
Impairment losses       0  
Total operating costs and expenses 477 456 1,529 1,322  
Gain/(loss) on sale of assets   0 0 0  
Operating income/(loss) 55 43 1 112  
Equity in earnings of unconsolidated affiliates 0 0 0 0  
Other income, net 2 (6) (6) (10)  
Loss on debt extinguishment     0 0  
Interest expense 0 0 0 0  
Income/(Loss) Before Income Taxes 57 37 (5) 102  
Income tax expense (benefit) 0 0 0 0  
Net Income/(Loss) Available for Common Stockholders 57 37 (5) 102  
Other segment information          
Capital expenditures 6 8 14 18  
Equity investments in affiliates 0   0   0
Goodwill 3,494   3,494   3,494
Total assets 6,667   6,667   $ 6,624
Vivint Smart Home | Eliminations          
Income Statement          
Revenue $ (15) $ 0 $ (40) $ 0