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Quarterly Financial Information (Unaudited) |
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(dollars in millions, except per share amounts) |
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| Net Income (Loss) attributable to Verizon(1) | ||||||||||||||||||||||||
| Quarter Ended | Operating Revenues |
Operating Income (Loss) |
Amount | Per Share- Basic |
Per Share- Diluted |
Net Income (Loss) |
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2013 |
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March 31 |
$ | 29,420 | $ | 6,222 | $ | 1,952 | $ | .68 | $ | .68 | $ | 4,855 | ||||||||||||
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June 30 |
29,786 | 6,555 | 2,246 | .78 | .78 | 5,198 | ||||||||||||||||||
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September 30 |
30,279 | 7,128 | 2,232 | .78 | .78 | 5,578 | ||||||||||||||||||
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December 31 |
31,065 | 12,063 | 5,067 | 1.77 | 1.76 | 7,916 | ||||||||||||||||||
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2012 |
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March 31 |
$ | 28,242 | $ | 5,195 | $ | 1,686 | $ | .59 | $ | .59 | $ | 3,906 | ||||||||||||
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June 30 |
28,552 | 5,651 | 1,825 | .64 | .64 | 4,285 | ||||||||||||||||||
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September 30 |
29,007 | 5,483 | 1,593 | .56 | .56 | 4,292 | ||||||||||||||||||
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December 31 |
30,045 | (3,169 | ) | (4,229 | ) | (1.48 | ) | (1.48 | ) | (1,926) | ||||||||||||||
| • |
Results of operations for the second quarter of 2013 include after-tax credits attributable to Verizon of $0.1 billion related to a pension remeasurement. |
| • |
Results of operations for the third quarter of 2013 include immaterial after-tax credits attributable to Verizon related to a gain on a spectrum license transaction, as well as immaterial after-tax costs attributable to Verizon related to the Wireless Transaction. |
| • |
Results of operations for the fourth quarter of 2013 include after-tax credits attributable to Verizon of $3.7 billion related to severance, pension and benefit credits, as well as after-tax costs attributable to Verizon of $0.5 billion related to the Wireless Transaction. |
| • |
Results of operations for the third quarter of 2012 include after-tax charges attributable to Verizon of $0.2 billion related to legal settlements. |
| • |
Results of operations for the fourth quarter of 2012 include after-tax charges attributable to Verizon of $5.3 billion related to severance, pension and benefit charges and early debt redemption and other costs. |
| (1) |
Net income (loss) attributable to Verizon per common share is computed independently for each quarter and the sum of the quarters may not equal the annual amount. |