AT&T Wireless 2011 Annual Report Download - page 32

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30 AT&T Inc.
Selected Financial and Operating Data
Dollars in millions except per share amounts
At December 31 and for the year ended: 2011 2010 2009 2008 2007
Financial Data
Operating revenues $126,723 $124,280 $122,513 $123,443 $118,322
Operating expenses $117,505 $104,707 $101,513 $125,133 $ 89,181
Operating income (loss) $ 9,218 $ 19,573 $ 21,000 $ (1,690) $ 29,141
Interest expense $ 3,535 $ 2,994 $ 3,368 $ 3,369 $ 3,460
Equity in net income of affiliates $ 784 $ 762 $ 734 $ 819 $ 692
Other income (expense) – net $ 249 $ 897 $ 152 $ (332) $ 814
Income tax expense (benefit) $ 2,532 $ (1,162) $ 6,091 $ (2,210) $ 9,917
Net Income (Loss) $ 4,184 $ 20,179 $ 12,447 $ (2,364) $ 17,228
Less: Net Income Attributable to
Noncontrolling Interest $ (240) $ (315) $ (309) $ (261) $ (196)
Net Income (Loss) Attributable to AT&T $ 3,944 $ 19,864 $ 12,138 $ (2,625) $ 17,032
Earnings (Loss) Per Common Share:
Net Income (Loss) Attributable to AT&T $ 0.66 $ 3.36 $ 2.06 $ (0.44) $ 2.78
Earnings (Loss) Per Common Share – Assuming Dilution:
Net Income (Loss) Attributable to AT&T $ 0.66 $ 3.35 $ 2.05 $ (0.44) $ 2.76
Total assets3 $270,344 $269,391 $268,312 $264,700 $274,951
Long-term debt $ 61,300 $ 58,971 $ 64,720 $ 60,872 $ 57,253
Total debt $ 64,753 $ 66,167 $ 72,081 $ 74,990 $ 64,112
Construction and capital expenditures $ 20,272 $ 20,302 $ 17,294 $ 20,290 $ 17,831
Dividends declared per common share $ 1.73 $ 1.69 $ 1.65 $ 1.61 $ 1.47
Book value per common share $ 17.85 $ 18.94 $ 17.28 $ 16.35 $ 19.07
Ratio of earnings to fixed charges4 2.21 4.52 4.42 — 6.95
Debt ratio 38.0% 37.1% 41.4% 43.8% 35.7%
Weighted average common shares
outstanding (000,000) 5,928 5,913 5,900 5,927 6,127
Weighted average common shares
outstanding with dilution (000,000) 5,950 5,938 5,924 5,958 6,170
End of period common shares outstanding (000,000) 5,927 5,911 5,902 5,893 6,044
Operating Data
Wireless subscribers (000)1 103,247 95,536 85,120 77,009 70,052
In-region network access lines in service (000)3 36,734 41,883 47,534 53,604 59,686
Broadband connections (000)2,3 16,427 16,309 15,789 15,077 14,156
Number of employees 256,420 266,590 282,720 302,660 309,050
1 The number presented represents 100% of AT&T Mobility wireless customers.
2 Broadband connections include in-region DSL lines, in-region U-verse High Speed Internet access, and satellite broadband.
3 Prior period amounts are restated to conform to current period reporting methodology.
4 Earnings were not sufficient to cover fixed charges in 2008. The deficit was $943.