AT&T Wireless 2011 Annual Report Download - page 59

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AT&T Inc. 57
Consolidated Statements of Income
Dollars in millions except per share amounts
2011 2010 2009
Operating Revenues
Wireless service $ 56,726 $ 53,510 $ 48,563
Data 29,606 27,555 25,644
Voice 25,131 28,332 32,345
Directory 3,293 3,935 4,724
Other 11,967 10,948 11,237
Total operating revenues 126,723 124,280 122,513
Operating Expenses
Cost of services and sales (exclusive of depreciation
and amortization shown separately below) 57,374 52,379 50,639
Selling, general and administrative 38,844 32,864 31,359
Impairment of intangible assets 2,910 85 —
Depreciation and amortization 18,377 19,379 19,515
Total operating expenses 117,505 104,707 101,513
Operating Income 9,218 19,573 21,000
Other Income (Expense)
Interest expense (3,535) (2,994) (3,368)
Equity in net income of affiliates 784 762 734
Other income (expense) – net 249 897 152
Total other income (expense) (2,502) (1,335) (2,482)
Income from Continuing Operations Before Income Taxes 6,716 18,238 18,518
Income tax (benefit) expense 2,532 (1,162) 6,091
Income from Continuing Operations 4,184 19,400 12,427
Income from Discontinued Operations, net of tax — 779 20
Net Income 4,184 20,179 12,447
Less: Net Income Attributable to Noncontrolling Interest (240) (315) (309)
Net Income Attributable to AT&T $ 3,944 $ 19,864 $ 12,138
Basic Earnings Per Share from Continuing Operations
Attributable to AT&T $ 0.66 $ 3.23 $ 2.06
Basic Earnings Per Share from Discontinued Operations
Attributable to AT&T — 0.13 —
Basic Earnings Per Share Attributable to AT&T $ 0.66 $ 3.36 $ 2.06
Diluted Earnings Per Share from Continuing Operations
Attributable to AT&T $ 0.66 $ 3.22 $ 2.05
Diluted Earnings Per Share from Discontinued Operations
Attributable to AT&T — 0.13 —
Diluted Earnings Per Share Attributable to AT&T $ 0.66 $ 3.35 $ 2.05
The accompanying notes are an integral part of the consolidated financial statements.