AT&T Wireless 2009 Annual Report Download - page 61

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AT&T 09 AR 59
Consolidated Statements of Income
Dollars in millions except per share amounts
2009 2008 2007
Operating Revenues
Wireless service $ 48,563 $ 44,249 $ 38,568
Voice 32,314 37,321 40,798
Data 25,454 24,373 23,206
Directory 4,724 5,416 4,806
Other 11,963 12,669 11,550
Total operating revenues 123,018 124,028 118,928
Operating Expenses
Cost of services and sales (exclusive of depreciation and
amortization shown separately below) 50,405 49,556 46,801
Selling, general and administrative 31,407 31,526 30,146
Depreciation and amortization 19,714 19,883 21,577
Total operating expenses 101,526 100,965 98,524
Operating Income 21,492 23,063 20,404
Other Income (Expense)
Interest expense (3,379) (3,390) (3,507)
Equity in net income of affiliates 734 819 692
Other income (expense) – net 152 (328) 810
Total other income (expense) (2,493) (2,899) (2,005)
Income Before Income Taxes 18,999 20,164 18,399
Income taxes 6,156 7,036 6,252
Net Income 12,843 13,128 12,147
Less: Net Income Attributable to Noncontrolling Interest (308) (261) (196)
Net Income Attributable to AT&T $ 12,535 $ 12,867 $ 11,951
Basic Earnings Per Share $ 2.12 $ 2.17 $ 1.95
Diluted Earnings Per Share $ 2.12 $ 2.16 $ 1.94
The accompanying notes are an integral part of the consolidated financial statements.