Verizon Wireless 2008 Annual Report Download - page 73

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Notes to Consolidated Financial Statements continued
71
NOTE 21
QUARTERLY FINANCIAL INFORMATION UNAUDITED
(dollars in millions, except per share amounts)
Income Before Discontinued Operations, Extraordinary Item
and Cumulative Eect of Accounting Change
Quarter Ended
Operating
Revenues
Operating
Income Amount
Per Share-
Basic
Per Share-
Diluted Net Income
2008
March 31 $ 23,833 $ 4,333 $ 1,642 $ .57 $ .57 $ 1,642
June 30 24,124 4,546 1,882 .66 .66 1,882
September 30 24,752 4,173 1,669 .59 .59 1,669
December 31 24,645 3,832 1,235 .43 .43 1,235
2007
March 31 $ 22,584 $ 3,796 $ 1,484 $ .51 $ .51 $ 1,495
June 30 23,273 4,149 1,683 .58 .58 1,683
September 30 23,772 4,210 1,271 .44 .44 1,271
December 31 23,840 3,423 1,072 .37 .37 1,072
• Resultsofoperationsforthefirstquarterof2008includeafter-taxchargesof$18millionformergerintegrationcostsand$81millionrelatedtoaccesslinespin-offcharges.
• Resultsofoperationsforthesecondquarterof2008includeafter-taxchargesof$22millionformergerintegrationcosts.
• Resultsofoperationsforthethirdquarterof2008includeafter-taxchargesof$32millionformergerintegrationcostsand$164millionforseverance,pensionandbenefitcharges.
• Resultsofoperationsforthefourthquarterof2008includeafter-taxchargesof$35millionformergerintegrationcosts,$31millioninvestmentrelatedchargesattributabletoanother-than-
temporary decline in the fair value of our investments in marketable securities, and $424 million for severance, pension and other charges.
• Resultsofoperationsforthefirstquarterof2007includeafter-taxchargesof$9millionformergerintegrationcosts,$131millionforanextraordinarychargerelatedtothenationalizationof
CANTV, a $70 million after-tax gain on the sale of our interest in TELPRI and a $65 million after tax contribution to the Verizon Foundation.
• Resultsofoperationsforthesecondquarterof2007includeafter-taxchargesof$17millionformergerintegrationcosts.
• Resultsofoperationsforthethirdquarterof2007includeafter-taxchargesof$28millionformergerintegrationcosts,$44millionrelatedtoaccesslinespin-offchargesand$471millionasso-
ciated with taxes on foreign distributions.
• Resultsofoperationsforthefourthquarterof2007includeafter-taxchargesof$58millionformergerintegrationcosts,$36millionrelatedtoaccesslinespin-offcharges,$139millionassoci-
ated with taxes on foreign distributions, and $477 million for severance, pension and other charges.
Income before discontinued operations per common share is computed independently for each quarter and the sum of the quarters may not equal the annual amount.