AT&T Wireless 2013 Annual Report Download - page 41

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AT&T Inc. | 39
Consolidated Statements of Income
Dollars in millions except per share amounts
2013 2012 2011
Operating Revenues $128,752 $127,434 $126,723
Operating Expenses
Cost of services and sales (exclusive of depreciation
and amortization shown separately below) 51,464 55,228 54,904
Selling, general and administrative 28,414 41,066 41,314
Impairment of intangible assets — 2,910
Depreciation and amortization 18,395 18,143 18,377
Total operating expenses 98,273 114,437 117,505
Operating Income 30,479 12,997 9,218
Other Income (Expense)
Interest expense (3,940) (3,444) (3,535)
Equity in net income of affiliates 642 752 784
Other income (expense) – net 596 134 249
Total other income (expense) (2,702) (2,558) (2,502)
Income Before Income Taxes 27,777 10,439 6,716
Income tax expense 9,224 2,900 2,532
Net Income 18,553 7,539 4,184
Less: Net Income Attributable to Noncontrolling Interest (304) (275) (240)
Net Income Attributable to AT&T $ 18,249 $ 7,264 $ 3,944
Basic Earnings Per Share Attributable to AT&T $ 3.39 $ 1.25 $ 0.66
Diluted Earnings Per Share Attributable to AT&T $ 3.39 $ 1.25 $ 0.66
The accompanying notes are an integral part of the consolidated financial statements.