[Financial Highlights] 

Results Under GAAP

For the years ended December 31,
(Millions, except per share amounts, customers in thousands) Increase (Decrease)
2002
2001
  
Amount
  
%
  
2000

Under GAAP:
Revenues and sales:
Wireless
$
4,160.2
$
3,832.0
$
328.2
9
$
3,536.6
Wireline
2,179.7
1,964.9
214.8
11
1,856.2
Communications support services
806.6
823.8
(17.2)
(2)
906.6
Information services
990.1
1,035.2
(45.1)
(4)
1,014.6




Total business segments
8,136.6
7,655.9
480.7
6
7,314.0
Less: intercompany eliminations
153.2
150.3
2.9
2
154.0




Total revenues and sales
$
7,983.4
$
7,505.6
$
477.8
6
$
7,160.0

Segment income:
Wireless
$
947.9
$
827.7
$
120.2
15
$
866.8
Wireline
793.0
732.7
60.3
8
658.7
Communications support services
63.4
90.6
(27.2)
(30)
63.4
Information services
161.9
146.4
15.5
11
144.4




Total segment income
$
1,966.2
$
1,797.4
$
168.8
9
$
1,733.3

Operating income
$
1,815.6
$
1,664.7
$
150.9
9
$
1,667.5
Net income
$
924.3
$
1,067.0
$
(142.7)
(13)
$
1,928.8
Basic earnings per share
$2.97
$3.42
($0.45)
(13)
$6.13
Diluted earnings per share
$2.96
$3.40
($0.44)
(13)
$6.08

Weighted average common shares:
Basic
311.0
311.4
(0.4)
-
314.4
Diluted
312.3
313.5
(1.2)
-
317.2
Annual dividend per common share
$1.40
$1.36
$0.04
3
$1.32

Capital expenditures
$
1,194.1
$
1,231.9
$
(37.8)
(3)
$
1,164.7

At year end:
Total assets
$
16,389.1
$
12,609.0
$
3,780.1
30
$
12,182.0
Wireless customers
7,601.6
6,683.0
918.6
14
6,241.6
Wireline customers
3,167.3
2,612.3
555
21
2,572.3
Long-distance customers
1,542.2
1,265.7
276.5
22
1,119.0

Pursuant to SFAS No. 142 "Goodwill and Other Intangible Assets," amortization of goodwill and other indefinite-lived intangible assets ceased as of January 1, 2002.
Communications support services includes long-distance, network management, product distribution and directory publishing operations.
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