Quarterly Financial Information (Unaudited)


	(dollars in millions, except per share amounts)
					Net Income attributable to Verizon⁽¹⁾
Quarter Ended	Operating Revenues		Operating Income		Amount		Per Share- Basic		Per Share- Diluted		Net Income
2016
March 31	$	32,171	$	7,942	$	4,310	$	1.06	$	1.06	$	4,430
June 30		30,532		4,554		702		.17		.17		831
September 30		30,937		6,540		3,620		.89		.89		3,747
December 31		32,340		8,023		4,495		1.10		1.10		4,600

2015
March 31	$	31,984	$	7,960	$	4,219	$	1.03	$	1.02	$	4,338
June 30		32,224		7,821		4,231		1.04		1.04		4,353
September 30		33,158		7,535		4,038		.99		.99		4,171
December 31		34,254		9,744		5,391		1.32		1.32		5,513

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Results of operations for the first quarter of 2016 include after-tax charges attributable to Verizon of $0.1 billion related to a pension remeasurement, as well as after-tax credits attributable to Verizon of $0.1 billion related to a gain on spectrum license transactions.

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Results of operations for the second quarter of 2016 include after-tax charges attributable to Verizon of $2.2 billion related to pension and benefit remeasurements and after-tax charges attributable to Verizon of $1.1 billion related to early debt redemption costs, as well as after-tax credits attributable to Verizon of $0.1 billion related to a gain on the Access Line Sale.

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Results of operations for the third quarter of 2016 include after-tax charges attributable to Verizon of $0.5 billion related to a pension remeasurement and severance costs.

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Results of operations for the fourth quarter of 2016 include after-tax credits attributable to Verizon of $1.0 billion related to severance, pension and benefit credits.

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Results of operations for the third quarter of 2015 include after-tax charges attributable to Verizon of $0.2 billion related to a pension remeasurement.

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Results of operations for the fourth quarter of 2015 include after-tax credits attributable to Verizon of $1.6 billion related to severance, pension and benefit credits, as well as after-tax credits attributable to Verizon of $0.2 billion related to a gain on spectrum license transactions.

⁽¹⁾	Net income attributable to Verizon per common share is computed independently for each quarter and the sum of the quarters may not equal the annual amount.