| Quarterly Financial Information |
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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) |
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Quarter
Ended |
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Operating
Revenues |
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Operating
Income
(Loss) |
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Amount |
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Per Share-
Basic |
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Per Share-
Diluted |
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Net
Income
(Loss) |
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2013
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March 31
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$ |
29,420 |
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$ |
6,222 |
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$ |
1,952 |
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$ |
.68 |
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$ |
.68 |
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$ |
4,855 |
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June 30
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29,786 |
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6,555 |
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2,246 |
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.78 |
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.78 |
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5,198 |
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September 30
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30,279 |
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7,128 |
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2,232 |
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.78 |
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.78 |
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5,578 |
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December 31
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31,065 |
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12,063 |
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5,067 |
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1.77 |
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1.76 |
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7,916 |
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2012
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March 31
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$ |
28,242 |
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$ |
5,195 |
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$ |
1,686 |
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$ |
.59 |
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$ |
.59 |
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$ |
3,906 |
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June 30
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28,552 |
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5,651 |
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1,825 |
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.64 |
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.64 |
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4,285 |
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September 30
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29,007 |
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5,483 |
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1,593 |
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.56 |
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.56 |
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4,292 |
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December 31
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30,045 |
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(3,169 |
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(4,229 |
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(1.48 |
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(1.48 |
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(1,926) |
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| • |
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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.
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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.
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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.
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Results of operations for the third quarter of 2012 include
after-tax charges attributable to Verizon of $0.2 billion related
to legal settlements.
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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.
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| (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.
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