Verizon Wireless 2007 Annual Report Download - page 69

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Notes to Consolidated Financial Statements continued
67
The following table provides operating financial information for our two reportable segments:
(dollars in millions)
2007 Wireline Domestic Wireless Total Segments
External revenues $ 49,059 $ 43,777 $ 92,836
Intersegment revenues 1,257 105 1,362
Total operating revenues 50,316 43,882 94,198
Cost of services and sales 25,220 13,456 38,676
Selling, general & administrative expense 11,236 13,477 24,713
Depreciation & amortization expense 9,184 5,154 14,338
Total operating expenses 45,640 32,087 77,727
Operating income 4,676 11,795 16,471
Equity in earnings of unconsolidated businesses – 32 32
Other income and (expense), net 206 (3) 203
Interest expense (2,032) (251) (2,283)
Minority interest – (5,053) (5,053)
Provision for income taxes (1,344) (2,726) (4,070)
Segment income $ 1,506 $ 3,794 $ 5,300
Assets $ 92,264 $ 83,755 $ 176,019
Plant, property and equipment, net 58,702 25,971 84,673
Capital expenditures 10,956 6,503 17,459
2006
External revenues $ 49,555 $ 37,930 $ 87,485
Intersegment revenues 1,173 113 1,286
Total operating revenues 50,728 38,043 88,771
Cost of services and sales 24,767 11,491 36,258
Selling, general & administrative expense 11,820 12,039 23,859
Depreciation & amortization expense 9,590 4,913 14,503
Total operating expenses 46,177 28,443 74,620
Operating income 4,551 9,600 14,151
Equity in earnings of unconsolidated businesses – 19 19
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 (1,114) (2,157) (3,271)
Segment income $ 1,625 $ 2,976 $ 4,601
Assets $ 92,274 $ 81,989 $ 174,263
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 15,813 9,393 25,206
Selling, general & administrative expense 8,210 10,768 18,978
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
Plant, property and equipment, net 49,618 22,790 72,408
Capital expenditures 8,267 6,484 14,751