Annual report pursuant to Section 13 and 15(d)

Summarized Quarterly Financial Data (unaudited)

v3.19.3.a.u2
Summarized Quarterly Financial Data (unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Financial Data (unaudited)
Summarized Quarterly Financial Data—(in millions, except per share amounts)
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Year ended December 31, 2019:
 
 
 
 
 
 
 
 
Revenues
 
$
2,261

 
$
2,292

 
$
2,170

 
$
3,007

Income from operations
 
606

 
432

 
307

 
1,016

Net income (loss)
 
337

 
2

 
(260
)
 
1,153

Net income (loss) attributable to common stockholders
 
141

 
(114
)
 
(318
)
 
939

Net income (loss) per share attributable to common stockholders—basic (1)
 
0.55

 
(0.44
)
 
(1.25
)
 
3.70

Net income (loss) per share attributable to common stockholders—diluted (1)
 
0.54

 
(0.44
)
 
(1.25
)
 
3.34

 
 
 
 
 
 
 
 
 
Year ended December 31, 2018:
 
 

 
 

 
 

 
 

Revenues
 
$
2,242

 
$
1,543

 
$
1,819

 
$
2,383

Income from operations
 
747

 
336

 
425

 
516

Net income
 
600

 
150

 
227

 
223

Net income (loss) attributable to common stockholders
 
357

 
(18
)
 
65

 
67

Net income (loss) per share attributable to common stockholders—basic (1)
 
1.52

 
(0.07
)
 
0.26

 
0.26

Net income (loss) per share attributable to common stockholders—diluted (1)
 
1.50

 
(0.07
)
 
0.26

 
0.26

 
 
 
 
 
(1)
The sum of the quarterly net income (loss) per share—basic and diluted may not equal the full year amount as the computations of the weighted average common shares outstanding for basic and diluted shares outstanding for each quarter and the full year are performed independently.