AT&T Wireless 2012 Annual Report Download - page 61

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AT&T Inc. | 59
Consolidated Statements of Income
Dollars in millions except per share amounts
2012 2011 2010
Operating Revenues
Wireless service $ 59,186 $ 56,726 $ 53,510
Data 31,798 29,560 27,512
Voice 22,619 25,126 28,332
Directory 1,049 3,293 3,935
Other 12,782 12,018 10,991
Total operating revenues 127,434 126,723 124,280
Operating Expenses
Cost of services and sales (exclusive of depreciation
and amortization shown separately below) 55,215 54,836 50,257
Selling, general and administrative 41,079 41,382 34,986
Impairment of intangible assets — 2,910 85
Depreciation and amortization 18,143 18,377 19,379
Total operating expenses 114,437 117,505 104,707
Operating Income 12,997 9,218 19,573
Other Income (Expense)
Interest expense (3,444) (3,535) (2,994)
Equity in net income of affiliates 752 784 762
Other income (expense) – net 134 249 897
Total other income (expense) (2,558) (2,502) (1,335)
Income from Continuing Operations Before Income Taxes 10,439 6,716 18,238
Income tax (benefit) expense 2,900 2,532 (1,162)
Income from Continuing Operations 7,539 4,184 19,400
Income from Discontinued Operations, net of tax — — 779
Net Income 7,539 4,184 20,179
Less: Net Income Attributable to Noncontrolling Interest (275) (240) (315)
Net Income Attributable to AT&T $ 7,264 $ 3,944 $ 19,864
Basic Earnings Per Share from Continuing Operations
Attributable to AT&T $ 1.25 $ 0.66 $ 3.23
Basic Earnings Per Share from Discontinued Operations
Attributable to AT&T — — 0.13
Basic Earnings Per Share Attributable to AT&T $ 1.25 $ 0.66 $ 3.36
Diluted Earnings Per Share from Continuing Operations
Attributable to AT&T $ 1.25 $ 0.66 $ 3.22
Diluted Earnings Per Share from Discontinued Operations
Attributable to AT&T — — 0.13
Diluted Earnings Per Share Attributable to AT&T $ 1.25 $ 0.66 $ 3.35
The accompanying notes are an integral part of the consolidated financial statements.