XML 29 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Total revenue $ 880 $ 539 $ 1,609 $ 1,264
Operating expenses:        
Selling, general and administrative 205 151 391 349
Research and development 54 31 106 82
Depreciation, amortization and impairments 123 140 246 278
Goodwill impairment 0 0 0 54
Restructuring and other 32 16 53 38
Operating Income (Loss), Total 163 (56) 244 (88)
Other (expense) income:        
Interest expense (119) (124) (240) (248)
Earnings (loss) from equity investments 14 (3) 23 (5)
(Loss) gain on remeasurement of debt (7) (12) 18 (2)
Other income (expense), net(2) [1] 70 (1) 70 (4)
Total other expense, net (42) (140) (129) (259)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 121 (196) 115 (347)
Income tax expense (8) (2) (11) (6)
Net income (loss) 113 (198) 104 (353)
Less: Net income attributable to noncontrolling interest $ 4 5 10 9
Net income (loss) attributable to SGC   $ (203) $ 94 $ (362)
Basic and diluted net income (loss) attributable to SGC per share:        
Basic (in dollars per share) $ 1.13 $ (2.15) $ 0.98 $ (3.85)
Diluted (in dollars per share) $ 1.10 $ (2.15) $ 0.97 $ (3.85)
Weighted average number of shares used in per share calculations:        
Basic (in shares) 96 95 96 94
Diluted (in shares) 99 95 97 94
Accumulated Loss        
Other (expense) income:        
Net income (loss) $ 109 $ (203)    
Noncontrolling Interest        
Other (expense) income:        
Net income (loss)   5    
Services        
Revenue:        
Total revenue 551 322 $ 1,014 $ 744
Operating expenses:        
Cost of Goods and Services Sold [2] 151 126 290 256
Product sales        
Revenue:        
Total revenue 155 84 259 252
Operating expenses:        
Cost of Goods and Services Sold [2] 75 69 125 160
Instant Products [Member]        
Revenue:        
Total revenue 174 133 336 268
Operating expenses:        
Cost of Goods and Services Sold [2] $ 77 $ 62 $ 154 $ 135
[1] Includes $63 million gain for the three and six months ended June 30, 2021, related to the SportsCast acquisition transaction.
[2] Exclusive of D&A(2) Includes $63 million gain for the three and six months ended June 30, 2021, related to the SportCast acquisition transaction.