| 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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2014
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March 31
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$ |
30,818 |
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$ |
7,160 |
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$ |
3,947 |
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$ |
1.15 |
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$ |
1.15 |
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$ |
5,986 |
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June 30
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31,483 |
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7,685 |
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4,214 |
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1.02 |
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1.01 |
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4,324 |
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September 30
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31,586 |
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6,890 |
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3,695 |
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.89 |
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.89 |
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3,794 |
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December 31
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33,192 |
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(2,136 |
) |
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(2,231 |
) |
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(.54 |
) |
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(.54 |
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(2,148) |
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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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| • |
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Results of operations for the first quarter of 2014 include
after-tax-credits attributable to Verizon of $1.9 billion related
to the sale of its entire ownership interest in Vodafone Omnitel,
as well as after-tax costs attributable to Verizon of $0.6 billion
related to early debt redemptions and $0.3 billion related to the
Wireless Transaction.
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Results of operations for the second quarter of 2014 include
after-tax credits attributable to Verizon of $0.4 billion related
to a gain on spectrum license transactions.
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Results of operations for the fourth quarter of 2014 include
after-tax charges attributable to Verizon of $4.7 billion related
to severance, pension and benefit charges, as well as after-tax
costs attributable to Verizon of $0.5 billion related to early debt
redemption and other costs.
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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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| (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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