Verizon Wireless 2010 Annual Report Download - page 77
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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
• Resultsofoperationsforthefirstquarterof2010includeafter-taxchargesattributabletoVerizonof$1.1billionrelatedtoMedicarePartDsubsidy,accesslinespin-offcharges,merger
integration and acquisition costs, and severance, pension and benefit charges.
• Resultsofoperationsforthesecondquarterof2010includeafter-taxchargesattributabletoVerizonof$2.8billionrelatedtoseverance,pensionandbenefitcharges,mergerintegrationand
acquisition costs, access line spin-off charges, and a one-time non-cash adjustment to wireless data revenues.
• Resultsofoperationsforthethirdquarterof2010includeafter-taxchargesattributabletoVerizonof$0.9billionprimarilyrelatedtoseverance,pensionandbenefitcharges,accessline
spin-off charges, and merger integration costs.
• Resultsofoperationsforthefourthquarterof2010includenetafter-taxgainattributabletoVerizonof$1.1billionrelatedtoseverance,pensionandbenefitchargesandmergerintegration
and acquisition costs.
• Resultsofoperationsforthefirstquarterof2009includeafter-taxchargesattributabletoVerizonof$0.1billionrelatedtoacquisitionrelatedcharges,andmergerintegrationcosts.
• Resultsofoperationsforthesecondquarterof2009includeafter-taxchargesattributabletoVerizonof$0.1billionofmergerintegrationcosts,acquisitionrelatedcharges,andseverance,
pension and benefits charges.
• Resultsofoperationsforthethirdquarterof2009includeafter-taxchargesattributabletoVerizonof$0.5billionprimarilyrelatedto,mergerintegrationandacquisitioncosts,accessline
spin-off and other charges and severance, pension and benefits charges.
• Resultsofoperationsforthefourthquarterof2009includeafter-taxchargesattributabletoVerizonof$0.8billionforseverance,pensionandbenefitscharges,wirelinecostreduction
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