| For the years ended December
31, |
|
|
|
|
|
|
|
|
| (Millions, except per share
amounts) |
|
|
|
|
|
|
|
|
|
|
|
|
|
2002
|
|
|
2001
|
|
|
2000
|
|
|
| Revenues and sales under
GAAP |
$
|
7,983.4
|
|
$
|
7,505.6
|
|
$
|
7,160.0
|
| Litigation settlement |
|
-
|
|
|
-
|
|
|
11.5
|
|
|
|
|
|
|
|
|
|
| Revenues and sales from current
businesses |
$
|
7,983.4
|
|
$
|
7,505.6
|
|
$
|
7,171.5
|
|
|
| Operating income under GAAP |
$
|
1,815.6
|
|
$
|
1,664.7
|
|
$
|
1,667.5
|
| Items excluded
from measuring segment income: |
|
|
|
|
|
|
|
|
| Write-down
of receivables due to interexchange |
|
|
|
|
|
|
|
|
| carrier's
bankruptcy filing |
|
14.0
|
|
|
-
|
|
|
-
|
| Litigation
settlement |
|
-
|
|
|
-
|
|
|
11.5
|
| Integration
expenses and other charges |
|
115.1
|
|
|
92.2
|
|
|
25.4
|
|
|
|
|
|
|
|
|
|
| Operating
income from current businesses |
|
1,944.7
|
|
|
1,756.9
|
|
|
1,704.4
|
| Corporate
expenses |
|
35.5
|
|
|
40.5
|
|
|
40.4
|
|
|
|
|
|
|
|
|
|
| Segment
income from current businesses |
$
|
1,980.2
|
|
$
|
1,797.4
|
|
$
|
1,744.8
|
|
|
| Operating income from current
businesses |
$
|
1,944.7
|
|
$
|
1,756.9
|
|
$
|
1,704.4
|
| Depreciation
and amortization expense |
|
1,178.6
|
|
|
1,167.7
|
|
|
988.4
|
|
|
|
|
|
|
|
|
|
| EBITDA
from current businesses |
$
|
3,123.3
|
|
$
|
2,924.6
|
|
$
|
2,692.8
|
|
|
| Net income under GAAP |
$
|
924.3
|
|
$
|
1,067.0
|
|
$
|
1,928.8
|
| Items excluded
from measuring results from |
|
|
|
|
|
|
|
|
| current
businesses, net of tax: |
|
|
|
|
|
|
|
|
| Write-down
of receivables due to interexchange |
|
|
|
|
|
|
|
|
| carrier's
bankruptcy filing |
|
8.7
|
|
|
-
|
|
|
-
|
| Litigation
settlement |
|
-
|
|
|
-
|
|
|
7.0
|
| Integration
expenses and other charges |
|
62.5
|
|
|
54.8
|
|
|
15.0
|
| Net
financing costs related to prefunding the |
|
|
|
|
|
|
|
|
| Company's
wireless and wireline acquisitions |
|
16.4
|
|
|
-
|
|
|
-
|
| Gain
on disposal of assets |
|
(10.6)
|
|
|
(214.4)
|
|
|
(1,133.5)
|
| Write-down
of investments |
|
10.0
|
|
|
-
|
|
|
9.2
|
| Termination
fees on early retirement of |
|
|
|
|
|
|
|
|
| long-term
debt |
|
-
|
|
|
1.7
|
|
|
-
|
| Cumulative
effect of accounting change, net of tax |
|
-
|
|
|
(19.5)
|
|
|
36.6
|
|
|
|
|
|
|
|
|
|
| Net
income from current businesses |
$
|
1,011.3
|
|
$
|
889.6
|
|
$
|
863.1
|
|
|
| Basic earnings per share
under GAAP |
|
$2.97
|
|
|
$3.42
|
|
|
$6.13
|
| Items excluded
from measuring results from |
|
|
|
|
|
|
|
|
| current
businesses, net of tax: |
|
|
|
|
|
|
|
|
| Write-down
of receivables due to interexchange |
|
|
|
|
|
|
|
|
| carrier's
bankruptcy filing |
|
0.03
|
|
|
-
|
|
|
-
|
| Litigation
settlement |
|
-
|
|
|
-
|
|
|
0.02
|
| Integration
expenses and other charges |
|
0.20
|
|
|
0.18
|
|
|
0.05
|
| Net
financing costs related to prefunding the |
|
|
|
|
|
|
|
|
| Company's
wireless and wireline acquisitions |
|
0.05
|
|
|
-
|
|
|
-
|
| Gain
on disposal of assets and other |
|
(0.03)
|
|
|
(0.69)
|
|
|
(3.61)
|
| Write-down
of investments |
|
0.03
|
|
|
-
|
|
|
0.03
|
| Termination
fees on early retirement of long-term debt |
|
-
|
|
|
0.01
|
|
|
-
|
| Cumulative
effect of accounting change, net of tax |
|
-
|
|
|
(0.06)
|
|
|
0.12
|
|
|
|
|
|
|
|
|
|
| Basic
earnings per share from current businesses |
|
$3.25
|
|
|
$2.86
|
|
|
$2.74
|
|
| Diluted earnings per share
under GAAP |
|
$2.96
|
|
|
$3.40
|
|
|
$6.08
|
| Items excluded
from measuring results from |
|
|
|
|
|
|
|
|
| current
businesses, net of tax: |
|
|
|
|
|
|
|
|
| Write-down
of receivables due to interexchange |
|
|
|
|
|
|
|
|
| carrier's
bankruptcy filing |
|
0.03
|
|
|
-
|
|
|
-
|
| Litigation
settlement |
|
-
|
|
|
-
|
|
|
0.02
|
| Integration
expenses and other charges |
|
0.20
|
|
|
0.17
|
|
|
0.04
|
| Net
financing costs related to prefunding the |
|
|
|
|
|
|
|
|
| Company's
wireless and wireline acquisitions |
|
0.05
|
|
|
-
|
|
|
-
|
| Gain
on disposal of assets and other |
|
(0.03)
|
|
|
(0.68)
|
|
|
(3.57)
|
| Write-down
of investments |
|
0.03
|
|
|
-
|
|
|
0.03
|
| Termination
fees on early retirement of long-term debt |
|
-
|
|
|
0.01
|
|
|
-
|
| Cumulative
effect of accounting change, net of tax |
|
-
|
|
|
(0.06)
|
|
|
0.12
|
|
|
|
|
|
|
|
|
|
| Diluted
earnings per share from current businesses |
|
$3.24
|
|
|
$2.84
|
|
|
$2.72
|
|
