Verizon Wireless 2009 Annual Report Download - page 76

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74
NOTE 18
QUARTERLY FINANCIAL INFORMATION UNAUDITED
(dollars in millions, except per share amounts)
Net Income (Loss) attributable to Verizon(1)
Quarter Ended
Operating
Revenues
Operating
Income Amount
Per Share-
Basic
Per Share-
Diluted Net Income
2009
March 31 $ 26,591 $ 4,694 $ 1,645 $ .58 $ .58 $ 3,210
June 30 26,861 4,418 1,483 .52 .52 3,160
September 30 27,265 3,986 1,176 .41 .41 2,887
December 31 27,091 929 (653) (.23) (.23) 1,101
2008
March 31 $ 23,833 $ 4,333 $ 1,642 $ .57 $ .57 $ 3,049
June 30 24,124 4,546 1,882 .66 .66 3,404
September 30 24,752 4,173 1,669 .59 .59 3,199
December 31 24,645 3,832 1,235 .43 .43 2,931
• Results of operations for the first quarter of 2009 include after-tax charges attributable to Verizon of $96 million related to acquisition related charges and $50 million of merger
integration costs.
• Results of operations for the second quarter of 2009 include after-tax charges attributable to Verizon of $253 million related to severance, pension and benefits charges, $52 million of merger
integration costs and $8 million of acquisition related charges.
• Results of operations for the third quarter of 2009 include after-tax charges attributable to Verizon of $372 million related to severance, pension and benefits charges, $103 million of merger
integration and acquisition costs, and $41 million related to access line spin-off charges.
• Results of operations for the fourth quarter of 2009 include after-tax charges attributable to Verizon of $1,862 million for severance, pension and benefits charges, $246 million for wireline
cost reduction initiatives and access line spin-off charges, and $71 million of merger integration and acquisition costs.
• 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 attributable to Verizon of $22 million for merger integration costs.
• Results of operations for the third quarter of 2008 include after-tax charges attributable to Verizon 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 attributable to Verizon of $35 million for merger integration costs, $31 million investment related charges attrib-
utable 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.
(1) Net income attributable to Verizon per common share is computed independently for each quarter and the sum of the quarters may not equal the annual amount.
Notes to Consolidated Financial Statements continued