Verizon Wireless 2014 Annual Report Download - page 77

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued
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 (Loss) Amount
Per Share-
Basic
Per Share-
Diluted
Net Income
(Loss)
2014
March 31 $ 30,818 $ 7,160 $ 3,947 $ 1.15 $ 1.15 $ 5,986
June 30 31,483 7,685 4,214 1.02 1.01 4,324
September 30 31,586 6,890 3,695 .89 .89 3,794
December 31 33,192 (2,136) (2,231) (.54) (.54) (2,148)
2013
March 31 $ 29,420 $ 6,222 $ 1,952 $ .68 $ .68 $ 4,855
June 30 29,786 6,555 2,246 .78 .78 5,198
September 30 30,279 7,128 2,232 .78 .78 5,578
December 31 31,065 12,063 5,067 1.77 1.76 7,916
• Resultsofoperationsfortherstquarterof2014includeafter-tax-creditsattributabletoVerizonof$1.9billionrelatedtothesaleofitsentireownershipinterestinVodafoneOmnitel,aswellas
after-tax costs attributable to Verizon of $0.6 billion related to early debt redemptions and $0.3 billion related to the Wireless Transaction.
• Resultsofoperationsforthesecondquarterof2014includeafter-taxcreditsattributabletoVerizonof$0.4billionrelatedtoagainonspectrumlicensetransactions.
• Resultsofoperationsforthefourthquarterof2014includeafter-taxchargesattributabletoVerizonof$4.7billionrelatedtoseverance,pensionandbenetcharges,aswellasafter-taxcosts
attributable to Verizon of $0.5 billion related to early debt redemption and other costs.
• Resultsofoperationsforthesecondquarterof2013includeafter-taxcreditsattributabletoVerizonof$0.1billionrelatedtoapensionremeasurement.
• Resultsofoperationsforthethirdquarterof2013includeimmaterialafter-taxcreditsattributabletoVerizonrelatedtoagainonaspectrumlicensetransaction,aswellasimmaterialafter-tax
costs attributable to Verizon related to the Wireless Transaction.
• Resultsofoperationsforthefourthquarterof2013includeafter-taxcreditsattributabletoVerizonof$3.7billionrelatedtoseverance,pensionandbenetcredits,aswellasafter-taxcosts
attributable to Verizon of $0.5 billion related to the Wireless Transaction.
(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.