| Summary of Operating Financial Information for Reportable Segments |
The following table provides
operating financial information for our two reportable
segments:
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended
March 31,
|
|
|
(dollars in
millions) |
|
2015 |
|
|
2014 |
|
|
External Operating
Revenues
|
|
|
|
|
|
|
|
|
|
Wireless
|
|
|
|
|
|
|
|
|
|
Retail service
|
|
$ |
17,131 |
|
|
$ |
17,233 |
|
|
Other service
|
|
|
765 |
|
|
|
735 |
|
|
|
|
|
|
|
Service revenue
|
|
|
17,896 |
|
|
|
17,968 |
|
|
|
|
|
Equipment
|
|
|
3,373 |
|
|
|
1,869 |
|
|
Other
|
|
|
1,033 |
|
|
|
1,014 |
|
|
|
|
|
|
|
Total Wireless
|
|
|
22,302 |
|
|
|
20,851 |
|
|
|
|
|
Wireline
|
|
|
|
|
|
|
|
|
|
Consumer retail
|
|
|
3,992 |
|
|
|
3,840 |
|
|
Small business
|
|
|
600 |
|
|
|
624 |
|
|
|
|
|
|
|
Mass Markets
|
|
|
4,592 |
|
|
|
4,464 |
|
|
|
|
|
Strategic
services
|
|
|
2,048 |
|
|
|
2,062 |
|
|
Core
|
|
|
1,215 |
|
|
|
1,404 |
|
|
|
|
|
|
|
Global Enterprise
|
|
|
3,263 |
|
|
|
3,466 |
|
|
|
|
|
Global Wholesale
|
|
|
1,266 |
|
|
|
1,336 |
|
|
Other
|
|
|
87 |
|
|
|
140 |
|
|
|
|
|
|
|
Total Wireline
|
|
|
9,208 |
|
|
|
9,406 |
|
|
|
|
|
|
|
Total segments
|
|
|
31,510 |
|
|
|
30,257 |
|
|
Corporate, eliminations and
other
|
|
|
474 |
|
|
|
561 |
|
|
|
|
|
|
|
Total consolidated –
reported
|
|
$ |
31,984 |
|
|
$ |
30,818 |
|
|
|
|
|
|
|
|
|
|
Intersegment
Revenues
|
|
|
|
|
|
|
|
|
|
Wireless
|
|
$ |
26 |
|
|
$ |
28 |
|
|
Wireline
|
|
|
261 |
|
|
|
256 |
|
|
|
|
|
|
|
Total segments
|
|
|
287 |
|
|
|
284 |
|
|
Corporate, eliminations and
other
|
|
|
(287 |
) |
|
|
(284 |
) |
|
|
|
|
|
|
Total consolidated –
reported
|
|
$ |
– |
|
|
$ |
– |
|
|
|
|
|
|
|
|
|
|
Total Operating
Revenues
|
|
|
|
|
|
|
|
|
|
Wireless
|
|
$ |
22,328 |
|
|
$ |
20,879 |
|
|
Wireline
|
|
|
9,469 |
|
|
|
9,662 |
|
|
|
|
|
|
|
Total segments
|
|
|
31,797 |
|
|
|
30,541 |
|
|
Reconciling items
|
|
|
187 |
|
|
|
277 |
|
|
|
|
|
|
|
Total consolidated –
reported
|
|
$ |
31,984 |
|
|
$ |
30,818 |
|
|
|
|
|
|
|
|
|
|
Operating
Income
|
|
|
|
|
|
|
|
|
|
Wireless
|
|
$ |
7,810 |
|
|
$ |
7,318 |
|
|
Wireline
|
|
|
405 |
|
|
|
141 |
|
|
|
|
|
|
|
Total segments
|
|
|
8,215 |
|
|
|
7,459 |
|
|
Reconciling items
|
|
|
(255 |
) |
|
|
(299 |
) |
|
|
|
|
|
|
Total consolidated –
reported
|
|
$ |
7,960 |
|
|
$ |
7,160 |
|
|
|
|
|
|
|
| Summary of Reconciliation of Segment Assets |
|
|
|
|
|
|
|
|
|
|
(dollars in
millions) |
|
At March 31,
2015 |
|
|
At December 31,
2014 |
|
|
Assets
|
|
|
|
|
|
|
|
|
|
Wireless
|
|
$ |
171,760 |
|
|
$ |
160,385 |
|
|
Wireline
|
|
|
78,624 |
|
|
|
76,673 |
|
|
|
|
|
|
|
Total segments
|
|
|
250,384 |
|
|
|
237,058 |
|
|
Corporate, eliminations and
other
|
|
|
(14,594 |
) |
|
|
(4,350 |
) |
|
|
|
|
|
|
Total consolidated –
reported
|
|
$ |
235,790 |
|
|
$ |
232,708 |
|
|
|
|
|
|
|
| Reconciliation of Segment Operating Revenues to Consolidated Operating Revenues |
A reconciliation of the
segment operating revenues to consolidated operating revenues is as
follows:
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended
March 31, |
|
|
(dollars in
millions) |
|
2015 |
|
|
2014 |
|
|
Total segment operating
revenues
|
|
$ |
31,797 |
|
|
$ |
30,541 |
|
|
Impact of divested
operations
|
|
|
– |
|
|
|
128 |
|
|
Corporate, eliminations and
other
|
|
|
187 |
|
|
|
149 |
|
|
|
|
|
|
|
Total consolidated operating
revenues
|
|
$ |
31,984 |
|
|
$ |
30,818 |
|
|
|
|
|
|
|
| Summary of Reconciliation of Segment Operating Income |
A reconciliation of the
total of the reportable segments’ operating income to
consolidated income before provision for income taxes is as
follows:
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended
March 31,
|
|
|
(dollars in
millions) |
|
2015 |
|
|
2014 |
|
|
Total segment operating
income
|
|
$ |
8,215 |
|
|
$ |
7,459 |
|
|
Impact of divested
operations
|
|
|
– |
|
|
|
6 |
|
|
Corporate, eliminations and
other
|
|
|
(255 |
) |
|
|
(305 |
) |
|
|
|
|
|
|
Total consolidated operating
income
|
|
|
7,960 |
|
|
|
7,160 |
|
|
|
|
|
Equity in earnings (losses)
of unconsolidated businesses
|
|
|
(34 |
) |
|
|
1,902 |
|
|
Other income and (expense),
net
|
|
|
75 |
|
|
|
(894 |
) |
|
Interest expense
|
|
|
(1,332 |
) |
|
|
(1,214 |
) |
|
|
|
|
|
|
Income Before Provision
For Income Taxes
|
|
$ |
6,669 |
|
|
$ |
6,954 |
|
|
|
|
|
|
|