AT&T Wireless 2006 Annual Report Download - page 49

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2006 AT&T Annual Report : :
47
Consolidated Statements of Income
Dollars in millions except per share amounts
2006 2005 2004
Operating Revenues
Voice $33,908 $24,484 $23,553
Data 18,068 10,734 9,046
Wireless service 192 — —
Directory 3,621 3,625 3,665
Other 7,266 4,921 4,469
Total operating revenues 63,055 43,764 40,733
Operating Expenses
Cost of sales (exclusive of depreciation and amortization
shown separately below) 27,349 19,009 17,361
Selling, general and administrative 15,511 10,944 9,907
Depreciation and amortization 9,907 7,643 7,564
Total operating expenses 52,767 37,596 34,832
Operating Income 10,288 6,168 5,901
Other Income (Expense)
Interest expense (1,843) (1,456) (1,023)
Interest income 377 383 492
Equity in net income of affiliates 2,043 609 873
Other income (expense) – net 16 14 922
Total other income (expense) 593 (450) 1,264
Income Before Income Taxes 10,881 5,718 7,165
Income taxes 3,525 932 2,186
Income From Continuing Operations 7,356 4,786 4,979
Income From Discontinued Operations, net of tax — — 908
Net Income $ 7,356 $ 4,786 $ 5,887
Earnings Per Common Share:
Income From Continuing Operations $ 1.89 $ 1.42 $ 1.50
Net Income $ 1.89 $ 1.42 $ 1.78
Earnings Per Common Share – Assuming Dilution:
Income From Continuing Operations $ 1.89 $ 1.42 $ 1.50
Net Income $ 1.89 $ 1.42 $ 1.77
The accompanying notes are an integral part of the consolidated financial statements.