Verizon Wireless 2011 Annual Report Download - page 85

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83
NOTE 17
QUARTERLY FINANCIAL INFORMATION UNAUDITED
(dollars in millions, except per share amounts)
Net Income (Loss) attributable to Verizon(1)
Quarter Ended
Operating
Revenues
Operating
Income (Loss) Amount
Per Share-
Basic
Per Share-
Diluted
Net Income
(Loss)
2011
March 31 $ 26,990 $ 4,453 $ 1,439 $ .51 $ .51 $ 3,264
June 30 27,536 4,892 1,609 .57 .57 3,604
September 30 27,913 4,647 1,379 .49 .49 3,542
December 31 28,436 (1,112) (2,023) (.71) (.71) (212)
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
• Resultsofoperationsforthethirdquarterof2011includeafter-taxchargesattributabletoVerizonof$0.2billionrelatedtoseverance,pensionandbenefitcharges.
• Resultsofoperationsforthefourthquarterof2011includeafter-taxchargesattributabletoVerizonof$3.5billionrelatedtoseverance,pensionandbenefitchargesandcostsrelatedtothe
early redemption of debt.
• 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.
(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