AT&T Wireless 2014 Annual Report Download - page 44

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42
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AT&T INC.
Consolidated Statements of Income
Dollars in millions except per share amounts
2014 2013 2012
Operating Revenues
Service $118,437 $119,252 $118,506
Equipment 14,010 9,500 8,928
Total operating revenues 132,447 128,752 127,434
Operating Expenses
Cost of services and sales (exclusive of depreciation
and amortization shown separately below) 60,611 51,464 55,228
Selling, general and administrative 39,697 28,414 41,066
Abandonment of network assets 2,120 — —
Depreciation and amortization 18,273 18,395 18,143
Total operating expenses 120,701 98,273 114,437
Operating Income 11,746 30,479 12,997
Other Income (Expense)
Interest expense (3,613) (3,940) (3,444)
Equity in net income of affiliates 175 642 752
Other income (expense) – net 1,652 596 134
Total other income (expense) (1,786) (2,702) (2,558)
Income Before Income Taxes 9,960 27,777 10,439
Income tax expense 3,442 9,224 2,900
Net Income 6,518 18,553 7,539
Less: Net Income Attributable to Noncontrolling Interest (294) (304) (275)
Net Income Attributable to AT&T $ 6,224 $ 18,249 $ 7,264
Basic Earnings Per Share Attributable to AT&T $ 1.19 $ 3.39 $ 1.25
Diluted Earnings Per Share Attributable to AT&T $ 1.19 $ 3.39 $ 1.25
The accompanying notes are an integral part of the consolidated financial statements.