VERIZON COMMUNICATIONS INC | 2013 | FY | 3


Note 17

Quarterly Financial Information (Unaudited)

 

    

(dollars in millions, except per share amounts)

 
                  Net Income (Loss) attributable to Verizon(1)        
Quarter Ended    Operating
Revenues
     Operating
Income
(Loss)
    Amount     Per Share-
Basic
    Per Share-
Diluted
    Net
Income
(Loss)
 

2013

             

March 31

   $ 29,420      $ 6,222     $ 1,952     $ .68     $ .68     $ 4,855   

June 30

     29,786        6,555       2,246       .78       .78       5,198   

September 30

     30,279        7,128       2,232       .78       .78       5,578   

December 31

     31,065        12,063       5,067       1.77       1.76       7,916   

2012

             

March 31

   $ 28,242      $ 5,195     $ 1,686     $ .59     $ .59     $ 3,906   

June 30

     28,552        5,651       1,825       .64       .64       4,285   

September 30

     29,007        5,483       1,593       .56       .56       4,292   

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.


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