Verizon Wireless 2010 Annual Report Download - page 77

Download and view the complete annual report

Please find page 77 of the 2010 Verizon Wireless annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

75
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
2010
March 31 $ 26,913 $ 4,441 $ 443 $ .16 $ .16 $ 2,318
June 30 26,773 410 (1,192) (.42) (.42) 553
September 30 26,484 3,383 659 .23 .23 2,698
December 31 26,395 6,411 2,639 .93 .93 4,648
2009
March 31 $ 26,591 $ 4,530 $ 1,521 $ .54 $ .54 $ 3,086
June 30 26,861 4,672 1,658 .58 .58 3,335
September 30 27,265 3,823 1,098 .39 .39 2,809
December 31 27,091 2,953 617 .22 .22 2,371
• Resultsofoperationsforthefirstquarterof2010includeafter-taxchargesattributabletoVerizonof$1.1billionrelatedtoMedicarePartDsubsidy,accesslinespin-offcharges,merger
integration and acquisition costs, and severance, pension and benefit charges.
• Resultsofoperationsforthesecondquarterof2010includeafter-taxchargesattributabletoVerizonof$2.8billionrelatedtoseverance,pensionandbenefitcharges,mergerintegrationand
acquisition costs, access line spin-off charges, and a one-time non-cash adjustment to wireless data revenues.
• Resultsofoperationsforthethirdquarterof2010includeafter-taxchargesattributabletoVerizonof$0.9billionprimarilyrelatedtoseverance,pensionandbenefitcharges,accessline
spin-off charges, and merger integration costs.
• Resultsofoperationsforthefourthquarterof2010includenetafter-taxgainattributabletoVerizonof$1.1billionrelatedtoseverance,pensionandbenefitchargesandmergerintegration
and acquisition costs.
• Resultsofoperationsforthefirstquarterof2009includeafter-taxchargesattributabletoVerizonof$0.1billionrelatedtoacquisitionrelatedcharges,andmergerintegrationcosts.
• Resultsofoperationsforthesecondquarterof2009includeafter-taxchargesattributabletoVerizonof$0.1billionofmergerintegrationcosts,acquisitionrelatedcharges,andseverance,
pension and benefits charges.
• Resultsofoperationsforthethirdquarterof2009includeafter-taxchargesattributabletoVerizonof$0.5billionprimarilyrelatedto,mergerintegrationandacquisitioncosts,accessline
spin-off and other charges and severance, pension and benefits charges.
• Resultsofoperationsforthefourthquarterof2009includeafter-taxchargesattributabletoVerizonof$0.8billionforseverance,pensionandbenefitscharges,wirelinecostreduction
initiatives, access line spin-off and other charges and merger integration and acquisition costs.
(1) Net income (loss) 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