AT&T Wireless 2008 Annual Report Download - page 51
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AT&T Annual Report 2008
| 49
Consolidated Statements of Income
Dollars in millions except per share amounts
2008 2007 2006
Operating Revenues
Wireless service $ 44,249 $ 38,568 $ 223
Voice 37,321 40,798 33,714
Data 24,372 23,206 18,317
Directory 5,416 4,806 3,634
Other 12,670 11,550 7,167
Total operating revenues 124,028 118,928 63,055
Operating Expenses
Cost of services and sales (exclusive of depreciation and
amortization shown separately below) 49,895 46,705 28,854
Selling, general and administrative 31,187 30,242 14,006
Depreciation and amortization 19,883 21,577 9,907
Total operating expenses 100,965 98,524 52,767
Operating Income 23,063 20,404 10,288
Other Income (Expense)
Interest expense (3,390) (3,507) (1,843)
Equity in net income of affiliates 819 692 2,043
Other income (expense) – net (589) 615 393
Total other income (expense) (3,160) (2,200) 593
Income Before Income Taxes 19,903 18,204 10,881
Income taxes 7,036 6,253 3,525
Net Income $ 12,867 $ 11,951 $ 7,356
Basic Earnings Per Share $ 2.17 $ 1.95 $ 1.89
Diluted Earnings Per Share $ 2.16 $ 1.94 $ 1.89
The accompanying notes are an integral part of the consolidated financial statements.