notes to consolidated financial statements

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

)

2011

March 31

$

26,990

 

$

4,453

 

$

1,439

 

$

.51

 

$

.51

 

$

3,264

 

June 30

 

27,536

 

 

4,892

 

 

1,609

 

 

.57

 

 

.57

 

 

3,604

 

September 30

 

27,913

 

 

4,647

 

 

1,379

 

 

.49

 

 

.49

 

 

3,542

 

December 31

 

28,436

 

 

(1,112

)

 

(2,023

)

 

(.71

)

 

(.71

)

 

(212

)

 

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

 

(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.