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

 

2010

March 31

$

26,913

 

$

4,441

 

$

443

 

$

.16

 

$

.16

 

$

2,318

 

June 30

 

26,773

 

 

410

 

 

(1,192

)

 

(.42

)

 

(.42

)

 

553

 

September 30

 

26,484

 

 

3,383

 

 

659

 

 

.23

 

 

.23

 

 

2,698

 

December 31

 

26,395

 

 

6,411

 

 

2,639

 

 

.93

 

 

.93

 

 

4,648

 

 

2009

March 31

$

26,591

 

$

4,530

 

$

1,521

 

$

.54

 

$

.54

 

$

3,086

 

June 30

 

26,861

 

 

4,672

 

 

1,658

 

 

.58

 

 

.58

 

 

3,335

 

September 30

 

27,265

 

 

3,823

 

 

1,098

 

 

.39

 

 

.39

 

 

2,809

 

December 31

 

27,091

 

 

2,953

 

 

617

 

 

.22

 

 

.22

 

 

2,371

 

(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.