EX-99 4 exhibit99-2.txt EXHIBIT 99.2 EXHIBIT 99.2 Reconciliation of Reported and Operating Earnings per Share Compound Annual Growth Rate ------------------------------------------------------------------- 2000 Reported EPS $2.87 ------------------------------------------------------------------- Change in common shares (1.06) ------------------------------------------------------------------- Extraordinary items (0.07) ------------------------------------------------------------------- Cumulative effect of accounting change 0.01 ------------------------------------------------------------------- Unicom pre-merger results 1.58 ------------------------------------------------------------------- Merger-related costs 0.68 ------------------------------------------------------------------- Pro forma merger accounting adjustments (0.15) ------------------------------------------------------------------- 2000 Pro Forma Operating EPS $3.86 ------------------------------------------------------------------- ------------------------------------------------------------------------ 2002 Reported EPS $4.44 ------------------------------------------------------------------------ Transition loss on implementation of FAS 141 and 142 0.71 ------------------------------------------------------------------------ Gain on sale of AT&T Wireless (0.36) ------------------------------------------------------------------------ Employee severance costs 0.04 ------------------------------------------------------------------------ 2002 Pro Forma Operating EPS $4.83 ------------------------------------------------------------------------ 2-year 2002/2000 compound annual growth rate (CAGR): $4.44/$2.87 = 24% based on reported results. 2-year 2002/2000 CAGR: $4.83/$3.86 = 12% based on pro forma operating results.