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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME        
Service revenue $ 239,806 $ 148,450 $ 393,395 $ 297,622
Operating expenses:        
Network operations (including equity-based compensation expense, respectively, exclusive of depreciation and amortization shown separately below) 137,502 56,514 196,140 113,963
Selling, general, and administrative (including of equity-based compensation expense, respectively) 83,658 39,386 128,736 80,013
Acquisition costs - Sprint Wireline Business 739   1,139  
Depreciation and amortization 52,511 23,071 77,669 45,762
Total operating expenses 274,410 118,971 403,684 239,738
Gains on lease terminations   87   460
Operating (loss) income (34,604) 29,566 (10,289) 58,344
Interest expense (28,653) (13,478) (47,658) (27,648)
Gain on bargain purchase - Sprint Wireline Business 1,155,719   1,155,719  
Change in valuation - interest rate swap agreement (1,305) (7,510) 542 (28,781)
Unrealized foreign exchange gain on 2024 Euro Notes   23,547   31,561
Loss on debt extinguishment and redemption - 2024 Euro Notes   (11,885)   (11,885)
Interest income - IP Transit Services Agreement 7,669   7,669  
Interest income - Purchase Agreement 506   506  
Interest income and other, net 200 (522) 3,695 (195)
Income before income taxes 1,099,532 19,718 1,110,184 21,396
Income tax benefit (expense) 24,331 (8,554) 19,827 (9,095)
Net income 1,123,863 11,164 1,130,011 12,301
Comprehensive income:        
Net income 1,123,863 11,164 1,130,011 12,301
Foreign currency translation adjustment 1,741 (7,493) 3,529 (9,658)
Comprehensive income $ 1,125,604 $ 3,671 $ 1,133,540 $ 2,643
Net income per common share:        
Basic net income per common share $ 23.84 $ 0.24 $ 23.97 $ 0.26
Diluted net income per common share 23.65 0.24 23.79 0.26
Dividends declared per common share $ 0.935 $ 0.88 $ 1.860 $ 1.735
Weighted-average common shares - basic 47,137,822 46,691,142 47,142,074 46,705,088
Weighted-average common shares - diluted 47,526,207 47,029,446 47,508,334 47,050,911