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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue $ 1,283,744 $ 1,131,459 $ 2,526,804 $ 2,247,907
Cost of revenue (exclusive of depreciation and amortization shown separately below) 338,089 246,225 664,047 494,619
Selling, general and administrative expenses 344,664 322,538 669,173 627,508
Depreciation and intangible asset amortization 500,864 488,320 996,742 971,996
Merger, restructuring, integration, and other 6,990 455 13,269 8,478
Operating income 93,137 73,921 183,573 145,306
Interest expense, net (154,641) (174,479) (313,546) (348,812)
Loss on extinguishment of debt (66,911) 0 (88,472) (61,597)
Other income 1,510 29,282 2,709 28,822
Loss before income taxes (126,905) (71,276) (215,736) (236,281)
Income tax benefit 22,848 4,571 45,209 12,139
Net loss $ (104,057) $ (66,705) $ (170,527) $ (224,142)
Net loss per share:        
Basic and diluted (in dollars per share) $ (0.14) $ (0.09) $ (0.23) $ (0.30)
Weighted-average number of shares:        
Basic and diluted (in shares) 749,575 750,009 752,895 739,354
Monitoring and Related Services        
Revenue $ 1,085,422 $ 1,023,126 $ 2,155,837 $ 2,040,418
Installation and Other        
Revenue 198,322 108,333 370,967 207,489
Retained Earnings [Member]        
Net loss $ (104,057) $ (66,705) $ (170,527) $ (224,142)