AT&T Wireless 2010 Annual Report Download - page 97

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AT&T Inc. 95
NOTE 16. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
The following tables represent our quarterly financial results:
2010 Calendar Quarter
First3 Second4 Third5 Fourth6 Annual
Total Operating Revenues $30,530 $30,808 $31,581 $31,361 $124,280
Operating Income2 5,971 6,083 5,431 2,088 19,573
Income (Loss) from Discontinued Operations 2 (5) 780 2 779
Net Income2 2,540 4,082 12,396 1,161 20,179
Income from Continuing Operations Attributable to AT&T2 2,451 4,008 11,539 1,087 19,085
Net Income Attributable to AT&T2 2,453 4,003 12,319 1,089 19,864
Basic Earnings Per Share from Continuing Operations
Attributable to AT&T1,2 $ 0.42 $ 0.68 $ 1.95 $ 0.18 $ 3.23
Basic Earnings Per Share from Discontinued Operations
Attributable to AT&T1,2 — — 0.13 — 0.13
Basic Earnings Per Share Attributable to AT&T1,2 $ 0.42 $ 0.68 $ 2.08 $ 0.18 $ 3.36
Diluted Earnings Per Share from Continuing Operations
Attributable to AT&T1,2 $ 0.41 $ 0.67 $ 1.94 $ 0.18 $ 3.22
Diluted Earnings Per Share from Discontinued Operations
Attributable to AT&T1,2 — — 0.13 — 0.13
Diluted Earnings Per Share Attributable to AT&T1,2 $ 0.41 $ 0.67 $ 2.07 $ 0.18 $ 3.35
Stock Price
High $ 28.73 $ 26.75 $ 29.15 $ 29.56
Low 24.61 23.78 23.88 27.49
Close 25.84 24.19 28.60 29.38
1
Quarterly earnings per share impacts may not add to full-year earnings per share impacts due to the difference in weighted average common shares for the quarters versus the
weighted average common shares for the year.
2 Amounts for first, second and third quarters are adjusted for the change in accounting policy as discussed in Note 1 and that were included in our January 13, 2011 Form 8-K
filing with the Securities and Exchange Commission.
3 Includes a charge to income tax expense related to Medicare Part D subsidies (Note 10).
4
Includes a gain on our TI exchange (Note 7).
5 Includes an IRS tax settlement (Note 10).
6Includes an actuarial loss on pension and postretirement benefit plans (Note 10) and severance (Note 1).
2009 Calendar Quarter
First Second Third Fourth Annual
Total Operating Revenues $30,457 $30,614 $30,734 $30,708 $122,513
Operating Income2 5,684 5,441 5,311 4,564 21,000
Income (Loss) from Discontinued Operations (3) 2 7 14 20
Net Income2 3,167 3,239 3,237 2,804 12,447
Income from Continuing Operations Attributable to AT&T2 3,094 3,160 3,148 2,716 12,118
Net Income Attributable to AT&T2 3,091 3,162 3,155 2,730 12,138
Basic Earnings Per Share from Continuing Operations
Attributable to AT&T1,2 $ 0.52 $ 0.54 $ 0.53 $ 0.46 $ 2.06
Basic Earnings Per Share from Discontinued Operations
Attributable to AT&T1,2 — — — — —
Basic Earnings Per Share Attributable to AT&T1,2 $ 0.52 $ 0.54 $ 0.53 $ 0.46 $ 2.06
Diluted Earnings Per Share from Continuing Operations
Attributable to AT&T1,2 $ 0.52 $ 0.53 $ 0.53 $ 0.46 $ 2.05
Diluted Earnings Per Share from Discontinued Operations
Attributable to AT&T1,2 — — — — —
Diluted Earnings Per Share Attributable to AT&T1,2 $ 0.52 $ 0.53 $ 0.53 $ 0.46 $ 2.05
Stock Price
High $ 29.46 $ 27.09 $ 27.68 $ 28.61
Low 21.44 23.38 23.19 25.00
Close 25.20 24.84 27.01 28.03
1
Quarterly earnings per share impacts may not add to full-year earnings per share impacts due to the difference in weighted average common shares for the quarters versus the
weighted average common shares for the year.
2 Amounts for 2009 are adjusted for the change in accounting policy as discussed in Note 1.