EX-99.1 2 ex99_1.htm AT&T INC. CONSOLIDATED STATEMENTS OF INCOME - AS ADJUSTED ex99_1.htm
AT&T Inc.
                        
Consolidated Statements of Income - As Adjusted
              
For the Quarters and Nine Months Ended September 30, 2010
                        
Dollars in millions except per share amounts
                        
Unaudited
                        
                         
                         
 
For the Quarter Ended
  
For the Nine
   
Mar 31,
  
Jun 30,
  
Sep 30,
  
Months Ended
Operating Revenues
                        
  Wireless service
   $ 12,850     $ 13,186     $ 13,675     $ 39,711  
  Voice
     7,479       7,219       6,973       21,671  
  Data
     6,631       6,848       6,928       20,407  
  Directory
     1,041       1,007       961       3,009  
  Other
     2,529       2,548       3,044       8,121  
    Total Operating Revenues
     30,530       30,808       31,581       92,919  
                                 
Operating Expenses
                                
   Cost of services and sales (exclusive of depreciation
      and amortization shown separately below)
     12,369       12,420       13,577       38,366  
  Selling, general and administrative
     7,410       7,486       7,700       22,596  
  Depreciation and amortization
     4,780       4,819       4,873       14,472  
    Total Operating Expenses
     24,559       24,725       26,150       75,434  
Operating Income
     5,971       6,083       5,431       17,485  
Interest Expense
     765       754       729       2,248  
Equity in Net Income of Affiliates
     217       195       217       629  
Other Income (Expense) - Net
     (22 )     723       124       825  
Income from Continuing Operations Before Income Taxes
     5,401       6,247       5,043       16,691  
Income Tax (Benefit) Expense
     2,863       2,160       (6,573 )     (1,550 )
Net Income from Continuing Operations
     2,538       4,087       11,616       18,241  
Income (Loss) from Discontinued Operations, net of tax
     2       (5 )     780       777  
Net Income
     2,540       4,082       12,396       19,018  
Less: Net Income Attributable to Noncontrolling Interest
     (87 )     (79 )     (77 )     (243 )
Net Income Attributable to AT&T
   $ 2,453     $ 4,003     $ 12,319     $ 18,775  
                                 
                                 
 Basic Earnings Per Share Attributable to AT&T
   $ 0.42     $ 0.68     $ 2.08     $ 3.18  
                                 
 Diluted Earnings Per Share Attributable to AT&T
   $ 0.41     $ 0.67     $ 2.07     $ 3.16  
 
 
 
 
 
 
 
 
AT&T Inc.
                              
Consolidated Statements of Income - As Adjusted
                    
For the Quarters and Year Ended 2009
                              
Dollars in millions except per share amounts
                              
Unaudited
                              
                               
                               
 
For the Quarter Ended
  
For the Year
   
Mar 31,
  
Jun 30,
  
Sep 30,
  
Dec 31,
  
Ended
Operating Revenues
                              
  Wireless service
   $ 11,646     $ 11,960     $ 12,372     $ 12,585     $ 48,563  
  Voice
     8,503       8,255       7,943       7,623       32,324  
  Data
     6,282       6,323       6,448       6,508       25,561  
  Directory
     1,249       1,211       1,162       1,102       4,724  
  Other
     2,777       2,865       2,809       2,890       11,341  
    Total Operating Revenues
     30,457       30,614       30,734       30,708       122,513  
                                         
Operating Expenses
                                        
   Cost of services and sales (exclusive of depreciation
      and amortization shown separately below)
     12,177       12,536       12,885       12,973       50,571  
  Selling, general and administrative
     7,760       7,784       7,678       8,205       31,427  
  Depreciation and amortization
     4,836       4,853       4,860       4,966       19,515  
    Total Operating Expenses
     24,773       25,173       25,423       26,144       101,513  
Operating Income
     5,684       5,441       5,311       4,564       21,000  
Interest Expense
     846       876       851       795       3,368  
Equity in Net Income of Affiliates
     137       231       181       185       734  
Other Income (Expense) - Net
     (15 )     31       29       107       152  
Income from Continuing Operations Before Income Taxes
     4,960       4,827       4,670       4,061       18,518  
Income Tax Expense
     1,790       1,590       1,440       1,271       6,091  
Net Income from Continuing Operations
     3,170       3,237       3,230       2,790       12,427  
Income (Loss) from Discontinued Operations, net of tax
     (3 )     2       7       14       20  
Net Income
     3,167       3,239       3,237       2,804       12,447  
Less: Net Income Attributable to Noncontrolling Interest
     (76 )     (77 )     (82 )     (74 )     (309 )
Net Income Attributable to AT&T
   $ 3,091     $ 3,162     $ 3,155     $ 2,730     $ 12,138  
                                         
                                         
 Basic Earnings Per Share Attributable to AT&T
   $ 0.52     $ 0.54     $ 0.53     $ 0.46     $ 2.06  
                                         
 Diluted Earnings Per Share Attributable to AT&T
   $ 0.52     $ 0.53     $ 0.53     $ 0.46     $ 2.05  
 
 
 
 
 
 
 
 
AT&T Inc.
                              
Consolidated Statements of Income - As Adjusted
                    
For the Quarters and Year Ended 2008
                              
Dollars in millions except per share amounts
                              
Unaudited
                              
                               
                               
 
For the Quarter Ended
  
For the Year
   
Mar 31,
  
Jun 30,
  
Sep 30,
  
Dec 31,
  
Ended
Operating Revenues
                              
  Wireless service
   $ 10,605     $ 10,894     $ 11,227     $ 11,523     $ 44,249  
  Voice
     9,690       9,519       9,317       8,796       37,322  
  Data
     5,983       6,066       6,148       6,219       24,416  
  Directory
     1,398       1,383       1,333       1,302       5,416  
  Other
     2,927       2,851       3,177       3,085       12,040  
    Total Operating Revenues
     30,603       30,713       31,202       30,925       123,443  
                                         
Operating Expenses
                                        
   Cost of services and sales (exclusive of depreciation
      and amortization shown separately below)
     12,170       12,073       13,210       19,235       56,688  
  Selling, general and administrative
     7,496       7,063       7,345       26,868       48,772  
  Depreciation and amortization
     4,850       4,906       4,925       4,992       19,673  
    Total Operating Expenses
     24,516       24,042       25,480       51,095       125,133  
Operating Income (Loss)
     6,087       6,671       5,722       (20,170 )     (1,690 )
Interest Expense
     858       849       853       809       3,369  
Equity in Net Income of Affiliates
     243       212       257       107       819  
Other Income (Expense) - Net
     91       27       (24 )     (426 )     (332 )
Income (Loss) from Continuing Operations
   Before Income Taxes
     5,563       6,061       5,102       (21,298 )     (4,572 )
Income Tax (Benefit) Expense
     1,972       2,149       1,746       (8,077 )     (2,210 )
Net Income (Loss) from Continuing Operations
     3,591       3,912       3,356       (13,221 )     (2,362 )
Income (Loss) from Discontinued Operations, net of tax
     (9 )     (6 )     (2 )     15       (2 )
Net Income (Loss)
     3,582       3,906       3,354       (13,206 )     (2,364 )
Less: Net Income Attributable to Noncontrolling Interest
     (58 )     (71 )     (59 )     (73 )     (261 )
Net Income (Loss) Attributable to AT&T
   $ 3,524     $ 3,835     $ 3,295     $ (13,279 )   $ (2,625 )
                                         
                                         
 Basic Earnings Per Share Attributable to AT&T
   $ 0.59     $ 0.65     $ 0.56     $ (2.25 )   $ (0.44 )
                                         
 Diluted Earnings Per Share Attributable to AT&T
   $ 0.58     $ 0.64     $ 0.56     $ (2.25 )   $ (0.44 )