AT&T Wireless 2015 Annual Report Download - page 43

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AT&T INC.
|
41
2015 2014 2013
As Adjusted
Operating Revenues
Service $131,677 $118,437 $119,252
Equipment 15,124 14,010 9,500
Total operating revenues 146,801 132,447 128,752
Operating Expenses
Cost of services and sales
Equipment 19,268 18,946 16,644
Broadcast, programming and operations 11,996 4,075 3,308
Other cost of services (exclusive of depreciation
and amortization shown separately below) 35,782 37,124 31,239
Selling, general and administrative 32,954 39,697 28,414
Abandonment of network assets — 2,120 —
Depreciation and amortization 22,016 18,273 18,395
Total operating expenses 122,016 120,235 98,000
Operating Income 24,785 12,212 30,752
Other Income (Expense)
Interest expense (4,120) (3,613) (3,940)
Equity in net income of affiliates 79 175 642
Other income (expense) – net (52) 1,581 596
Total other income (expense) (4,093) (1,857) (2,702)
Income Before Income Taxes 20,692 10,355 28,050
Income tax expense 7,005 3,619 9,328
Net Income 13,687 6,736 18,722
Less: Net Income Attributable to Noncontrolling Interest (342) (294) (304)
Net Income Attributable to AT&T $ 13,345 $ 6,442 $ 18,418
Basic Earnings Per Share Attributable to AT&T $ 2.37 $ 1.24 $ 3.42
Diluted Earnings Per Share Attributable to AT&T $ 2.37 $ 1.24 $ 3.42
The accompanying notes are an integral part of the consolidated financial statements.
Consolidated Statements of Income
Dollars in millions except per share amounts