Verizon Wireless 2006 Annual Report Download - page 72

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The following table provides operating financial information for our two reportable segments:
(dollars in millions)
2006 Wireline Domestic Wireless Total Segments
External revenues $49,621 $ 37,930 $ 87,551
Intersegment revenues 1,173 113 1,286
Total operating revenues 50,794 38,043 88,837
Cost of services and sales 24,522 11,491 36,013
Selling, general & administrative expense 12,116 12,039 24,155
Depreciation & amortization expense 9,590 4,913 14,503
Total operating expenses 46,228 28,443 74,671
Operating income 4,566 9,600 14,166
Equity in earnings of unconsolidated businesses –1919
Other income and (expense), net 250 4 254
Interest expense (2,062) (452) (2,514)
Minority interest –(4,038) (4,038)
Provision for income taxes (1,120) (2,157) (3,277)
Segment income $1,634 $2,976 $ 4,610
Assets $92,274 $ 81,989 $ 174,263
Investments in unconsolidated businesses 28 87 115
Plant, property and equipment, net 57,031 24,659 81,690
Capital expenditures 10,259 6,618 16,877
2005
External revenues $ 36,628 $ 32,219 $ 68,847
Intersegment revenues 988 82 1,070
Total operating revenues 37,616 32,301 69,917
Cost of services and sales 15,604 9,393 24,997
Selling, general & administrative expense 8,419 10,768 19,187
Depreciation & amortization expense 8,801 4,760 13,561
Total operating expenses 32,824 24,921 57,745
Operating income 4,792 7,380 12,172
Equity in earnings of unconsolidated businesses – 27 27
Other income and (expense), net 79 6 85
Interest expense (1,701) (601) (2,302)
Minority interest –(2,995) (2,995)
Provision for income taxes (1,264) (1,598) (2,862)
Segment income $ 1,906 $ 2,219 $ 4,125
Assets $75,188 $ 76,729 $ 151,917
Investments in unconsolidated businesses 2 154 156
Plant, property and equipment, net 49,618 22,790 72,408
Capital expenditures 8,267 6,484 14,751
2004
External revenues $ 37,160 $ 27,586 $ 64,746
Intersegment revenues 861 76 937
Total operating revenues 38,021 27,662 65,683
Cost of services and sales 14,830 7,747 22,577
Selling, general & administrative expense 8,621 9,591 18,212
Depreciation & amortization expense 8,910 4,486 13,396
Total operating expenses 32,361 21,824 54,185
Operating income 5,660 5,838 11,498
Equity in earnings of unconsolidated businesses – 45 45
Other income and (expense), net 100 11 111
Interest expense (1,602) (661) (2,263)
Minority interest –(2,323) (2,323)
Provision for income taxes (1,506) (1,265) (2,771)
Segment income $ 2,652 $ 1,645 $ 4,297
Assets $78,824 $ 68,027 $ 146,851
Investments in unconsolidated businesses 3 148 151
Plant, property and equipment, net 50,608 20,516 71,124
Capital expenditures 7,118 5,633 12,751
70
Notes to Consolidated Financial Statements continued