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F-35
CONSOLIDATED STATEMENTS OF INCOME
For the years ended December 31,
(Millions, except per share amounts) 2012 2011 2010
Revenues and sales:
Service revenues:
Business $ 3,611.4 $ 2,098.0 $ 1,577.5
Consumer 1,339.5 1,378.3 1,372.8
Wholesale 708.0 547.3 555.9
Other 266.2 131.0 115.2
Total service revenues 5,925.1 4,154.6 3,621.4
Product sales 231.2 126.6 89.3
Total revenues and sales 6,156.3 4,281.2 3,710.7
Costs and expenses:
Cost of services (exclusive of depreciation and amortization included below) 2,692.4 1,691.1 1,331.9
Cost of products sold 210.0 105.3 74.9
Selling, general, and administrative 976.0 602.7 491.7
Depreciation and amortization 1,297.6 847.5 693.7
Merger and integration costs 65.4 69.8 77.3
Restructuring charges 27.4 1.3 7.7
Total costs and expenses 5,268.8 3,317.7 2,677.2
Operating income 887.5 963.5 1,033.5
Other income (expense), net 4.6 (0.1)(3.5)
Gain (loss) on early extinguishment of debt 1.9 (136.1)—
Interest expense (625.1)(558.3)(521.7)
Income from continuing operations before income taxes 268.9 269.0 508.3
Income taxes 100.2 99.4 195.6
Income from continuing operations 168.7 169.6 312.7
Discontinued operations (0.7)(0.1)—
Net income $ 168.0 $ 169.5 $ 312.7
Basic and diluted earnings per share:
From continuing operations $.28 $.32 $.66
From discontinued operations
Net income $.28 $.32 $.66
The accompanying notes are an integral part of these consolidated financial statements.