Notes to Consolidated Financial Statements

NOTE 18

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

(dollars in millions, except per share amounts)

 

 

Net Income (Loss) attributable to Verizon(1)

 

Quarter Ended

Operating
Revenues

 

Operating
Income

 

Amount

 

Per Share
Basic

-
 

Per Share
Diluted

-
 

Net Income

 

2009

March 31

$

26,591

 

$

4,694

 

$

1,645

 

$

.58

 

$

.58

 

$

3,210

 

June 30

 

26,861

 

 

4,418

 

 

1,483

 

 

.52

 

 

.52

 

 

3,160

 

September 30

 

27,265

 

 

3,986

 

 

1,176

 

 

.41

 

 

.41

 

 

2,887

 

December 31

 

27,091

 

 

929

 

 

(653

)

 

(.23

)

 

(.23

)

 

1,101

 

 

2008

March 31

$

23,833

 

$

4,333

 

$

1,642

 

$

.57

 

$

.57

 

$

3,049

 

June 30

 

24,124

 

 

4,546

 

 

1,882

 

 

.66

 

 

.66

 

 

3,404

 

September 30

 

24,752

 

 

4,173

 

 

1,669

 

 

.59

 

 

.59

 

 

3,199

 

December 31

 

24,645

 

 

3,832

 

 

1,235

 

 

.43

 

 

.43

 

 

2,931

 

(1)

Net income attributable to Verizon per common share is computed independently for each quarter and the sum of the quarters may not equal the annual amount.