1. ALLTEL CORPORATION
RECONCILIATION OF RESULTS OF OPERATIONS UNDER GAAP TO RESULTS OF OPERATIONS FROM CURRENT BUSINESSES (NON-GAAP)
for the twelve months ended December 31, 2005
(In thousands, except per share amounts)
Corporate
Results of Items Results of Operations
Segment Information from Current Businesses
Operations Excluded from Operations Communications and
Under Current from Current Support Intercompany
GAAP Businesses Businesses Wireless Wireline Services Eliminations
Revenues and sales:
Service revenues $8,380,501 $ - $8,380,501 $5,895,143 $2,336,741 $ 322,665 $(174,048)
Product sales 1,106,458 - 1,106,458 380,714 42,395 702,917 (19,568)
Total revenues and sales 9,486,959 - 9,486,959 6,275,857 2,379,136 1,025,582 (193,616)
Costs and expenses:
Cost of services 2,743,745 (37,557) (A)(D)(H) 2,706,188 1,917,754 705,506 236,160 (153,232)
Cost of products sold 1,315,320 - 1,315,320 697,593 32,919 621,864 (37,056)
Selling, general, administrative and other 1,795,516 (1,898) (A) 1,793,618 1,445,165 256,259 65,494 26,700
Depreciation and amortization 1,482,605 - 1,482,605 960,698 480,729 33,866 7,312
Restructuring and other charges 58,717 (58,717) (B)(C)(E) - - - - -
Total costs and expenses 7,395,903 (98,172) 7,297,731 5,021,210 1,475,413 957,384 (156,276)
Operating income 2,091,056 98,172 2,189,2280 $ 1,254,647 $ 903,723 $ 68,198 $ (37,340)
Equity earnings in unconsolidated partnerships 43,383 - 43,383
Minority interest in consolidated partnerships (69,105) - (69,105)
Other income, net 158,788 (116,036) (D)(I) 42,752
Interest expense (332,588) - (332,588)
Gain (loss) on exchange or disposal of assets,
write-down of investments and other 218,830 (218,830) (F)(G) -
Income from continuing operations before income taxes 2,110,364 (236,694) 1,873,670
Income taxes 801,836 (99,269) (O) 702,567
Income from continuing operations 1,308,528 (137,425) 1,171,103
Discontinued operations:
30,292 (30,292) (P) -
Income from discontinued operations (net of income taxes)
Gain on sale of discontinued operations (net of income taxes) - - - 0
Income before cumulative effect of accounting change 1,338,820 (167,717) 1,171,103
Cumulative effect of accounting change (net of income taxes) (7,441) 7,441 (T) -
Net income 1,331,379 (160,276) 1,171,103
Preferred dividends 93 - 93
Net income applicable to common shares $ 1,331,286 $ (160,276) $ 1,171,010
Basic earnings per share:
Income from continuing operations $3.84 $(.40) $3.44
Income from discontinued operations .09 (.09) -
Cumulative effect of accounting change (.02) .02 -
Net income $3.91 $(.47) $3.44
Diluted earnings per share:
Income from continuing operations $3.80 $(.39) $3.41
Income from discontinued operations .09 (.09) -
Cumulative effect of accounting change (.02) .02 -
Net income $3.87 $(.46) $3.41
See Notes to Reconcilations for a description of the items marked (A)-(T).
2. ALLTEL CORPORATION
RECONCILIATION OF RESULTS OF OPERATIONS UNDER GAAP TO RESULTS OF OPERATIONS FROM CURRENT BUSINESSES (NON-GAAP)
for the three months ended September 30, 2005
(In thousands, except per share amounts)
Corporate
Results of Items Results of Operations
Segment Information from Current Businesses
Operations Excluded from Operations Communications and
Under Current from Current Support Intercompany
GAAP Businesses Businesses Wireless Wireline Services Eliminations
Revenues and sales:
Service revenues $2,229,370 $ - $2,229,370 $1,606,482 $580,561 $ 84,728 $ (42,401)
Product sales 289,749 - 289,749 101,876 11,722 178,481 (2,330)
Total revenues and sales 2,519,119 - 2,519,119 1,708,358 592,283 263,209 (44,731)
Costs and expenses:
Cost of services 719,683 (8,260) (D) 711,423 514,923 176,699 58,964 (39,163)
Cost of products sold 343,718 - 343,718 179,831 10,021 158,860 (4,994)
Selling, general, administrative and other 470,966 (1,898) (D) 469,068 379,806 66,154 16,710 6,398
Depreciation and amortization 388,989 - 388,989 257,853 121,026 8,340 1,770
Restructuring and other charges 18,873 (18,873) (E) - - - - -
Total costs and expenses 1,942,229 (29,031) 1,913,198 1,332,413 373,900 242,874 (35,989)
Operating income 576,890 29,031 605,9210 $ 375,945 $ 218,383 $ 20,335 $ (8,742)
Equity earnings in unconsolidated partnerships 10,434 - 10,434
Minority interest in consolidated partnerships (20,573) - (20,573)
Other income, net 27,325 (5,000) (D) 22,325
Interest expense (83,422) - (83,422)
Gain (loss) on exchange or disposal of assets,
write-down of investments and other 30,557 (30,557) (F) -
Income from continuing operations before income taxes 541,211 (6,526) 534,685
Income taxes 206,068 (2,567) (O) 203,501
Income from continuing operations 335,143 (3,959) 331,184
Discontinued operations:
26,022 (26,022) (P) -
Income from discontinued operations (net of income taxes)
Gain on sale of discontinued operations (net of income taxes) - - - 0
Income before cumulative effect of accounting change 361,165 (29,981) 331,184
Cumulative effect of accounting change (net of income taxes) - - -
Net income 361,165 (29,981) 331,184
Preferred dividends 24 - 24
Net income applicable to common shares $ 361,141 $ (29,981) $ 331,160
Basic earnings per share:
Income from continuing operations $ .92 $(.01) $.91
Income from discontinued operations .07 (.07) -
Cumulative effect of accounting change - - -
Net income $.99 $(.08) $.91
Diluted earnings per share:
Income from continuing operations $ .91 $(.01) $.90
Income from discontinued operations .07 (.07) -
Cumulative effect of accounting change - - -
Net income $.98 $(.08) $.90
See Notes to Reconcilations for a description of the items marked (A)-(T).
3. ALLTEL CORPORATION
RECONCILIATION OF RESULTS OF OPERATIONS UNDER GAAP TO RESULTS OF OPERATIONS FROM CURRENT BUSINESSES (NON-GAAP)
for the three months ended December 31, 2005
(In thousands, except per share amounts)
Corporate
Results of Items Results of Operations
Segment Information from Current Businesses
Operations Excluded from Operations Communications and
Under Current from Current Support Intercompany
GAAP Businesses Businesses Wireless Wireline Services Eliminations
Revenues and sales:
Service revenues $2,263,605 $ - $2,263,605 $1,643,195 $588,349 $ 82,323 $ (50,262)
Product sales 318,146 - 318,146 116,983 9,801 194,115 (2,753)
Total revenues and sales 2,581,751 - 2,581,751 1,760,178 598,150 276,438 (53,015)
Costs and expenses:
Cost of services 736,857 (9,506) (A) 727,351 543,352 165,116 58,077 (39,194)
Cost of products sold 381,764 - 381,764 218,678 6,899 168,545 (12,358)
Selling, general, administrative and other 496,549 - 496,549 411,139 63,637 16,874 4,899
Depreciation and amortization 404,079 - 404,079 286,787 106,955 8,553 1,784
Restructuring and other charges 39,844 (39,844) (B)(C) - - - - -
Total costs and expenses 2,059,093 (49,350) 2,009,743 1,459,956 342,607 252,049 (44,869)
Operating income 522,658 49,350 572,0080 $ 300,222 $255,543 $ 24,389 $ (8,146)
Equity earnings in unconsolidated partnerships 6,992 - 6,992
Minority interest in consolidated partnerships (11,267) - (11,267)
Other income, net 2,752 - 2,752
Interest expense (86,134) - (86,134)
Gain (loss) on exchange or disposal of assets,
write-down of investments and other - - -
Income from continuing operations before income taxes 435,001 49,350 484,351
Income taxes 176,681 7,057 (O) 183,738
Income from continuing operations 258,320 42,293 300,613
Discontinued operations:
4,270 (4,270) (P) -
Income from discontinued operations (net of income taxes)
Gain on sale of discontinued operations (net of income taxes) - - - 0
Income before cumulative effect of accounting change 262,590 38,023 300,613
Cumulative effect of accounting change (net of income taxes) (7,441) 7,441 (T) -
Net income 255,149 45,464 300,613
Preferred dividends 21 - 21
Net income applicable to common shares $ 255,128 $ 45,464 $ 300,592
Basic earnings per share:
Income from continuing operations $ .67 $.11 $.78
Income from discontinued operations .01 (.01) -
Cumulative effect of accounting change (.02) .02 -
Net income $.66 $.12 $.78
Diluted earnings per share:
Income from continuing operations $ .67 $.10 $.77
Income from discontinued operations .01 (.01) -
Cumulative effect of accounting change (.02) .02 -
Net income $.66 $.11 $.77
See Notes to Reconcilations for a description of the items marked (A)-(T).
4. ALLTEL CORPORATION
RECONCILIATION OF RESULTS OF OPERATIONS UNDER GAAP TO RESULTS OF OPERATIONS FROM CURRENT BUSINESSES (NON-GAAP)
for the three months ended June 30, 2005
(In thousands, except per share amounts)
Corporate
Results of Items Results of Operations
Segment Information from Current Businesses
Operations Excluded from Operations Communications and
Under Current from Current Support Intercompany
GAAP Businesses Businesses Wireless Wireline Services Eliminations
Revenues and sales:
Service revenues $1,989,264 $ - $1,989,264 $1,371,089 $584,016 $ 77,772 $ (43,613)
Product sales 270,842 - 270,842 84,223 11,055 183,458 (7,894)
Total revenues and sales 2,260,106 - 2,260,106 1,455,312 595,071 261,230 (51,507)
Costs and expenses:
Cost of services 660,945 - 660,945 453,806 182,667 62,776 (38,304)
Cost of products sold 308,065 - 308,065 150,278 9,001 161,399 (12,613)
Selling, general, administrative and other 420,536 - 420,536 331,743 62,662 16,982 9,149
Depreciation and amortization 348,320 - 348,320 212,560 125,445 8,501 1,814
Restructuring and other charges - - - - - - -
Total costs and expenses 1,737,866 - 1,737,866 1,148,387 379,775 249,658 (39,954)
Operating income 522,240 - 522,2400 $ 306,925 $ 215,296 $ 11,572 $ (11,553)
Equity earnings in unconsolidated partnerships 15,214 - 15,214
Minority interest in consolidated partnerships (18,918) - (18,918)
Other income, net 7,976 - 7,976
Interest expense (76,343) - (76,343)
Gain (loss) on exchange or disposal of assets,
write-down of investments and other 188,273 (188,273) (G) -
Income from continuing operations before income taxes 638,442 (188,273) 450,169
Income taxes 236,381 (70,234) (O) 166,147
Income from continuing operations 402,061 (118,039) 284,022
Discontinued operations:
- - -
Income from discontinued operations (net of income taxes)
Gain on sale of discontinued operations (net of income taxes) - - - 0
Income before cumulative effect of accounting change 402,061 (118,039) 284,022
Cumulative effect of accounting change (net of income taxes) - - -
Net income 402,061 (118,039) 284,022
Preferred dividends 24 - 24
Net income applicable to common shares $ 402,037 $ (118,039) $ 283,998
Basic earnings per share:
Income from continuing operations $1.28 $(.38) $.90
Income from discontinued operations - - -
Cumulative effect of accounting change - - -
Net income $1.28 $(.38) $.90
Diluted earnings per share:
Income from continuing operations $1.27 $(.37) $.90
Income from discontinued operations - - -
Cumulative effect of accounting change - - -
Net income $1.27 $(.37) $.90
See Notes to Reconcilations for a description of the items marked (A)-(T).
5. ALLTEL CORPORATION
RECONCILIATION OF RESULTS OF OPERATIONS UNDER GAAP TO RESULTS OF OPERATIONS FROM CURRENT BUSINESSES (NON-GAAP)
for the three months ended March 31, 2005
(In thousands, except per share amounts)
Corporate
Results of Items Results of Operations
Segment Information from Current Businesses
Operations Excluded from Operations Communications and
Under Current from Current Support Intercompany
GAAP Businesses Businesses Wireless Wireline Services Eliminations
Revenues and sales:
Service revenues $1,898,262 $ - $1,898,262 $1,274,377 $583,815 $ 77,842 $ (37,772)
Product sales 227,721 - 227,721 77,632 9,817 146,863 (6,591)
Total revenues and sales 2,125,983 - 2,125,983 1,352,009 593,632 224,705 (44,363)
Costs and expenses:
Cost of services 626,260 (19,791) (H) 606,469 405,673 181,024 56,343 (36,571)
Cost of products sold 281,773 - 281,773 148,806 6,998 133,060 (7,091)
Selling, general, administrative and other 407,465 - 407,465 322,477 63,806 14,928 6,254
Depreciation and amortization 341,217 - 341,217 203,498 127,303 8,472 1,944
Restructuring and other charges - - - - - - -
Total costs and expenses 1,656,715 (19,791) 1,636,924 1,080,454 379,131 212,803 (35,464)
Operating income 469,268 19,791 489,0590 $ 271,555 $214,501 $ 11,902 $ (8,899)
Equity earnings in unconsolidated partnerships 10,743 - 10,743
Minority interest in consolidated partnerships (18,347) - (18,347)
Other income, net 120,735 (111,036) (I) 9,699
Interest expense (86,689) - (86,689)
Gain (loss) on exchange or disposal of assets,
write-down of investments and other - - -
Income from continuing operations before income taxes 495,710 (91,245) 404,465
Income taxes 182,706 (33,525) (O) 149,181
Income from continuing operations 313,004 (57,720) 255,284
Discontinued operations:
- - -
Income from discontinued operations (net of income taxes)
Gain on sale of discontinued operations (net of income taxes) - - - 0
Income before cumulative effect of accounting change 313,004 (57,720) 255,284
Cumulative effect of accounting change (net of income taxes) - - -
Net income 313,004 (57,720) 255,284
Preferred dividends 24 - 24
Net income applicable to common shares $ 312,980 $ (57,720) $ 255,260
Basic earnings per share:
Income from continuing operations $1.04 $(.20) $.84
Income from discontinued operations - - -
Cumulative effect of accounting change - - -
Net income $1.04 $(.20) $.84
Diluted earnings per share:
Income from continuing operations $1.03 $(.19) $.84
Income from discontinued operations - - -
Cumulative effect of accounting change - - -
Net income $1.03 $(.19) $.84
See Notes to Reconcilations for a description of the items marked (A)-(T).
6. ALLTEL CORPORATION
RECONCILIATION OF RESULTS OF OPERATIONS UNDER GAAP TO RESULTS OF OPERATIONS FROM CURRENT BUSINESSES (NON-GAAP)
for the twelve months ended December 31, 2004
(In thousands, except per share amounts)
Corporate
Segment Information from Current Businesses
Results of Items Results of Operations
Operations Excluded from Operations Communications and
Under Current from Current Support Intercompany
GAAP Businesses Businesses Wireless Wireline Services Eliminations
Revenues and sales:
Service revenues $7,374,279 $ - $ 7,374,279 $4,791,235 $2,380,788 $ 346,662 $ (144,406)
Product sales 871,862 - 871,862 286,852 39,021 577,193 (31,204)
Total revenues and sales 8,246,141 - 8,246,141 5,078,087 2,419,809 923,855 (175,610)
Costs and expenses:
Cost of services 2,374,220 - 2,374,220 1,543,576 704,335 257,845 (131,536)
Cost of products sold 1,075,545 - 1,075,545 573,646 28,711 514,239 (41,051)
Selling, general, administrative and other 1,524,165 - 1,524,165 1,201,789 244,327 54,729 23,320
Depreciation and amortization 1,299,691 - 1,299,691 738,837 516,445 34,325 10,084
Restructuring and other charges 50,892 (50,892) (J)(K) - - - - -
Total costs and expenses 6,324,513 (50,892) 6,273,621 4,057,848 1,493,818 861,138 (139,183)
Operating income 1,921,628 50,892 1,972,520 $ 1,020,239 $ 925,991 $ 62,717 $ (36,427)
Equity earnings in unconsolidated partnerships 68,486 - 68,486
Minority interest in consolidated partnerships (80,096) - (80,096)
Other income, net 34,500 - 34,500
Interest expense (352,490) - (352,490)
Gain (loss) on exchange or disposal of assets,
write-down of investments and other - - -
Income from continuing operations before income taxes 1,592,028 50,892 1,642,920
Income taxes 565,331 39,479 604,810
(O)(Q)
Income from continuing operations 1,026,697 11,413 1,038,110
Discontinued operations:
Income from discontinued operations (net of income taxes) 19,538 (19,538) (Q) -
Gain on sale of discontinued operations (net of income taxes) - - -
Income before cumulative effect of accounting change 1,046,235 (8,125) 1,038,110
Cumulative effect of accounting change (net of income taxes) - - -
Net income 1,046,235 (8,125) 1,038,110
Preferred dividends 103 - 103
Net income applicable to common shares $ 1,046,132 $ (8,125) $ 1,038,007
Basic earnings per share:
Income from continuing operations $3.34 $ .04 $3.38
Income from discontinued operations .06 (.06) -
Cumulative effect of accounting change - - -
Net income $3.40 $(.02) $3.38
Diluted earnings per share:
Income from continuing operations $3.33 $ .04 $3.37
Income from discontinued operations .06 (.06) -
Cumulative effect of accounting change - - -
Net income $3.39 $(.02) $3.37
See Notes to Reconcilations for a description of the items marked (A)-(T).
7. ALLTEL CORPORATION
RECONCILIATION OF RESULTS OF OPERATIONS UNDER GAAP TO RESULTS OF OPERATIONS FROM CURRENT BUSINESSES (NON-GAAP)
for the three months ended December 31, 2004
(In thousands, except per share amounts)
Corporate
Segment Information from Current Businesses
Results of Items Results of Operations
Operations Excluded from Operations Communications and
Under Current from Current Support Intercompany
GAAP Businesses Businesses Wireless Wireline Services Eliminations
Revenues and sales:
Service revenues $1,897,402 $ - $ 1,897,402 $1,252,773 $597,315 $ 81,462 $ (34,148)
Product sales 242,391 - 242,391 73,999 10,460 167,027 (9,095)
Total revenues and sales 2,139,793 - 2,139,793 1,326,772 607,775 248,489 (43,243)
Costs and expenses:
Cost of services 604,818 - 604,818 399,114 173,146 64,297 (31,739)
Cost of products sold 299,603 - 299,603 154,747 8,576 146,997 (10,717)
Selling, general, administrative and other 402,489 - 402,489 318,968 62,466 14,856 6,199
Depreciation and amortization 332,520 - 332,520 193,789 127,921 8,454 2,356
Restructuring and other charges (873) 873 (J) - - - - -
Total costs and expenses 1,638,557 873 1,639,430 1,066,618 372,109 234,604 (33,901)
Operating income 501,236 (873) 500,363 $ 260,154 $ 235,666 $ 13,885 $ (9,342)
Equity earnings in unconsolidated partnerships 14,970 - 14,970
Minority interest in consolidated partnerships (19,227) - (19,227)
Other income, net 11,360 - 11,360
Interest expense (87,512) - (87,512)
Gain (loss) on exchange or disposal of assets,
write-down of investments and other - - -
Income from continuing operations before income taxes 420,827 (873) 419,954
Income taxes 150,182 (286) (O) 149,896
Income from continuing operations 270,645 (587) 270,058
Discontinued operations:
Income from discontinued operations (net of income taxes) - - -
Gain on sale of discontinued operations (net of income taxes) - - -
Income before cumulative effect of accounting change 270,645 (587) 270,058
Cumulative effect of accounting change (net of income taxes) - - -
Net income 270,645 (587) 270,058
Preferred dividends 25 - 25
Net income applicable to common shares $ 270,620 $ (587) $ 270,033
Basic earnings per share:
Income from continuing operations $.89 $- $.89
Income from discontinued operations - - -
Cumulative effect of accounting change - - -
Net income $.89 $- $.89
Diluted earnings per share:
Income from continuing operations $.89 $- $.89
Income from discontinued operations - - -
Cumulative effect of accounting change - - -
Net income $.89 $- $.89
See Notes to Reconcilations for a description of the items marked (A)-(T).
8. ALLTEL CORPORATION
RECONCILIATION OF RESULTS OF OPERATIONS UNDER GAAP TO RESULTS OF OPERATIONS FROM CURRENT BUSINESSES (NON-GAAP)
for the three months ended September 30, 2004
(In thousands, except per share amounts)
Corporate
Segment Information from Current Businesses
Results of Items Results of Operations
Operations Excluded from Operations Communications and
Under Current from Current Support Intercompany
GAAP Businesses Businesses Wireless Wireline Services Eliminations
Revenues and sales:
Service revenues $1,885,405 $ - $ 1,885,405 $1,239,409 $592,373 $ 86,862 $ (33,239)
Product sales 217,707 - 217,707 74,338 10,563 140,275 (7,469)
Total revenues and sales 2,103,112 - 2,103,112 1,313,747 602,936 227,137 (40,708)
Costs and expenses:
Cost of services 624,442 - 624,442 406,660 179,719 68,910 (30,847)
Cost of products sold 262,604 - 262,604 139,301 7,822 124,575 (9,094)
Selling, general, administrative and other 373,624 - 373,624 294,070 60,033 13,593 5,928
Depreciation and amortization 324,678 - 324,678 186,169 127,580 8,570 2,359
Restructuring and other charges - - - - - - -
Total costs and expenses 1,585,348 - 1,585,348 1,026,200 375,154 215,648 (31,654)
Operating income 517,764 - 517,764 $ 287,547 $ 227,782 $ 11,489 $ (9,054)
Equity earnings in unconsolidated partnerships 24,338 - 24,338
Minority interest in consolidated partnerships (23,647) - (23,647)
Other income, net 15,652 - 15,652
Interest expense (86,699) - (86,699)
Gain (loss) on exchange or disposal of assets,
write-down of investments and other - - -
Income from continuing operations before income taxes 447,408 - 447,408
Income taxes 143,727 19,656 163,383
(Q)
Income from continuing operations 303,681 (19,656) 284,025
Discontinued operations:
Income from discontinued operations (net of income taxes) 19,538 (19,538) (Q) -
Gain on sale of discontinued operations (net of income taxes) - - -
Income before cumulative effect of accounting change 323,219 (39,194) 284,025
Cumulative effect of accounting change (net of income taxes) - - -
Net income 323,219 (39,194) 284,025
Preferred dividends 25 - 25
Net income applicable to common shares $ 323,194 $ (39,194) $ 284,000
Basic earnings per share:
Income from continuing operations $ .99 $(.06) $.93
Income from discontinued operations .06 (.06) -
Cumulative effect of accounting change - - -
Net income $1.05 $(.12) $.93
Diluted earnings per share:
Income from continuing operations $ .99 $(.07) $.92
Income from discontinued operations .06 (.06) -
Cumulative effect of accounting change - - -
Net income $1.05 $(.13) $.92
See Notes to Reconcilations for a description of the items marked (A)-(T).
9. ALLTEL CORPORATION
RECONCILIATION OF RESULTS OF OPERATIONS UNDER GAAP TO RESULTS OF OPERATIONS FROM CURRENT BUSINESSES (NON-GAAP)
for the three months ended June 30, 2004
(In thousands, except per share amounts)
Corporate
Segment Information from Current Businesses
Results of Items Results of Operations
Operations Excluded from Operations Communications and
Under Current from Current Support Intercompany
GAAP Businesses Businesses Wireless Wireline Services Eliminations
Revenues and sales:
Service revenues $1,825,894 $ - $ 1,825,894 $1,183,549 $599,567 $ 84,583 $ (41,805)
Product sales 216,170 - 216,170 69,533 10,065 144,596 (8,024)
Total revenues and sales 2,042,064 - 2,042,064 1,253,082 609,632 229,179 (49,829)
Costs and expenses:
Cost of services 584,189 - 584,189 382,060 178,599 58,679 (35,149)
Cost of products sold 256,055 - 256,055 135,048 7,158 127,799 (13,950)
Selling, general, administrative and other 372,859 - 372,859 293,009 60,908 13,050 5,892
Depreciation and amortization 321,151 - 321,151 181,350 128,610 8,755 2,436
Restructuring and other charges - - - - - - -
Total costs and expenses 1,534,254 - 1,534,254 991,467 375,275 208,283 (40,771)
Operating income 507,810 - 507,810 $ 261,615 $ 234,357 $ 20,896 $ (9,058)
Equity earnings in unconsolidated partnerships 15,926 - 15,926
Minority interest in consolidated partnerships (21,651) - (21,651)
Other income, net 2,875 - 2,875
Interest expense (86,543) - (86,543)
Gain (loss) on exchange or disposal of assets,
write-down of investments and other - - -
Income from continuing operations before income taxes 418,417 - 418,417
Income taxes 155,889 - 155,889
Income from continuing operations 262,528 - 262,528
Discontinued operations:
Income from discontinued operations (net of income taxes) - - -
Gain on sale of discontinued operations (net of income taxes) - - -
Income before cumulative effect of accounting change 262,528 - 262,528
Cumulative effect of accounting change (net of income taxes) - - -
Net income 262,528 - 262,528
Preferred dividends 26 - 26
Net income applicable to common shares $ 262,502 $ - $ 262,502
Basic earnings per share:
Income from continuing operations $.85 $- $.85
Income from discontinued operations - - -
Cumulative effect of accounting change - - -
Net income $.85 $- $.85
Diluted earnings per share:
Income from continuing operations $.85 $- $.85
Income from discontinued operations - - -
Cumulative effect of accounting change - - -
Net income $.85 $- $.85
See Notes to Reconcilations for a description of the items marked (A)-(T).
10. ALLTEL CORPORATION
RECONCILIATION OF RESULTS OF OPERATIONS UNDER GAAP TO RESULTS OF OPERATIONS FROM CURRENT BUSINESSES (NON-GAAP)
for the three months ended March 31, 2004
(In thousands, except per share amounts)
Corporate
Segment Information from Current Businesses
Results of Items Results of Operations
Operations Excluded from Operations Communications and
Under Current from Current Support Intercompany
GAAP Businesses Businesses Wireless Wireline Services Eliminations
Revenues and sales:
Service revenues $ 1,765,578 $ - $ 1,765,578 $ 1,115,504 $ 591,533 $ 93,755 $ (35,214)
Product sales 195,594 - 195,594 68,982 7,933 125,295 (6,616)
Total revenues and sales 1,961,172 - 1,961,172 1,184,486 599,466 219,050 (41,830)
Costs and expenses:
Cost of services 560,771 - 560,771 355,742 172,871 65,959 (33,801)
Cost of products sold 257,283 - 257,283 144,550 5,155 114,868 (7,290)
Selling, general, administrative and other 375,193 - 375,193 295,742 60,920 13,230 5,301
Depreciation and amortization 321,342 - 321,342 177,529 132,334 8,546 2,933
Restructuring and other charges 51,765 (51,765) (K) - - - - -
Total costs and expenses 1,566,354 (51,765) 1,514,589 973,563 371,280 202,603 (32,857)
Operating income 394,818 51,765 446,583 $ 210,923 $ 228,186 $ 16,447 $ (8,973)
Equity earnings in unconsolidated partnerships 13,252 - 13,252
Minority interest in consolidated partnerships (15,571) - (15,571)
Other income, net 4,613 - 4,613
Interest expense (91,736) - (91,736)
Gain (loss) on exchange or disposal of assets,
write-down of investments and other - - -
Income from continuing operations before income taxes 305,376 51,765 357,141
Income taxes 115,533 20,109 135,642
(O)
Income from continuing operations 189,843 31,656 221,499
Discontinued operations:
Income from discontinued operations (net of income taxes) - - -
Gain on sale of discontinued operations (net of income taxes) - - -
Income before cumulative effect of accounting change 189,843 31,656 221,499
Cumulative effect of accounting change (net of income taxes) - - -
Net income 189,843 31,656 221,499
Preferred dividends 27 - 27
Net income applicable to common shares $ 189,816 $ 31,656 $ 221,472
Basic earnings per share:
Income from continuing operations $.61 $.10 $.71
Income from discontinued operations - - -
Cumulative effect of accounting change - - -
Net income $.61 $.10 $.71
Diluted earnings per share:
Income from continuing operations $.61 $.10 $.71
Income from discontinued operations - - -
Cumulative effect of accounting change - - -
Net income $.61 $.10 $.71
See Notes to Reconcilations for a description of the items marked (A)-(T).
11. ALLTEL CORPORATION
RECONCILIATION OF RESULTS OF OPERATIONS UNDER GAAP TO RESULTS OF OPERATIONS FROM CURRENT BUSINESSES (NON-GAAP)
for the twelve months ended December 31, 2003
(In thousands, except per share amounts)
Corporate
Segment Information from Current Businesses
Results of Items Results of Operations
Operations Excluded from Operations Communications and
Under Current from Current Support Intercompany
GAAP Businesses Businesses Wireless Wireline Services Eliminations
Revenues and sales:
Service revenues $7,156,067 $ - $ 7,156,067 $4,466,462 $2,395,625 $ 428,983 $ (135,003)
Product sales 823,843 - 823,843 261,937 40,454 530,078 (8,626)
Total revenues and sales 7,979,910 - 7,979,910 4,728,399 2,436,079 959,061 (143,629)
Costs and expenses:
Cost of services 2,273,598 - 2,273,598 1,367,812 737,161 299,006 (130,381)
Cost of products sold 1,043,468 - 1,043,468 536,648 29,131 486,936 (9,247)
Selling, general, administrative and other 1,498,122 - 1,498,122 1,154,961 259,406 60,511 23,244
Depreciation and amortization 1,247,748 - 1,247,748 670,978 526,508 36,191 14,071
Restructuring and other charges 18,979 (18,979) (M) - - - - -
Total costs and expenses 6,081,915 (18,979) 6,062,936 3,730,399 1,552,206 882,644 (102,313)
Operating income 1,897,995 18,979 1,916,974 $ 998,000 $ 883,873 $ 76,417 $ (41,316)
Equity earnings in unconsolidated partnerships 64,373 - 64,373
Minority interest in consolidated partnerships (78,604) - (78,604)
Other income, net 11,068 - 11,068
Interest expense (378,627) - (378,627)
Gain (loss) on exchange or disposal of assets,
write-down of investments and other 17,933 (17,933) (L)(N) -
Income from continuing operations before income taxes 1,534,138 1,046 1,535,184
Income taxes 580,609 180 (O) 580,789
Income from continuing operations 953,529 866 954,395
Discontinued operations:
Income from discontinued operations (net of income taxes) 37,072 (37,072) (R) -
Gain on sale of discontinued operations (net of income taxes) 323,927 (323,927) (R) -
Income before cumulative effect of accounting change 1,314,528 (360,133) 954,395
Cumulative effect of accounting change (net of income taxes) 15,591 (15,591) (S) -
Net income 1,330,119 (375,724) 954,395
Preferred dividends 111 - 111
Net income applicable to common shares $ 1,330,008 $ (375,724) $ 954,284
Basic earnings per share:
Income from continuing operations $3.06 $- $3.06
Income from discontinued operations 1.16 (1.16) -
Cumulative effect of accounting change .05 (.05) -
Net income $4.27 $(1.21) $3.06
Diluted earnings per share:
Income from continuing operations $3.05 $- $3.05
Income from discontinued operations 1.15 (1.15) -
Cumulative effect of accounting change .05 (.05) -
Net income $4.25 $(1.20) $3.05
See Notes to Reconcilations for a description of the items marked (A)-(T).
12. ALLTEL CORPORATION
RECONCILIATION OF RESULTS OF OPERATIONS UNDER GAAP TO RESULTS OF OPERATIONS FROM CURRENT BUSINESSES (NON-GAAP)
for the three months ended December 31, 2003
(In thousands, except per share amounts)
Corporate
Segment Information from Current Businesses
Results of Items Results of Operations
Operations Excluded from Operations Communications and
Under Current from Current Support Intercompany
GAAP Businesses Businesses Wireless Wireline Services Eliminations
Revenues and sales:
Service revenues $ 1,806,026 $ - $ 1,806,026 $ 1,128,024 $ 605,665 $ 105,910 $ (33,573)
Product sales 207,650 - 207,650 63,908 10,119 141,229 (7,606)
Total revenues and sales 2,013,676 - 2,013,676 1,191,932 615,784 247,139 (41,179)
Costs and expenses:
Cost of services 567,946 - 567,946 350,603 173,751 74,876 (31,284)
Cost of products sold 262,058 - 262,058 131,243 7,495 131,568 (8,248)
Selling, general, administrative and other 388,290 - 388,290 303,033 65,644 13,896 5,717
Depreciation and amortization 321,330 - 321,330 175,446 132,064 9,176 4,644
Restructuring and other charges - - - - - - -
Total costs and expenses 1,539,624 - 1,539,624 960,325 378,954 229,516 (29,171)
Operating income 474,052 - 474,052 $ 231,607 $ 236,830 $ 17,623 $ (12,008)
Equity earnings in unconsolidated partnerships 16,401 - 16,401
Minority interest in consolidated partnerships (17,093) - (17,093)
Other income, net 3,596 - 3,596
Interest expense (90,881) - (90,881)
Gain (loss) on exchange or disposal of assets,
write-down of investments and other 30,999 (30,999) (L) -
Income from continuing operations before income taxes 417,074 (30,999) 386,075
Income taxes 158,139 (12,058) (O) 146,081
Income from continuing operations 258,935 (18,941) 239,994
Discontinued operations:
Income from discontinued operations (net of income taxes) - - -
Gain on sale of discontinued operations (net of income taxes) - - -
Income before cumulative effect of accounting change 258,935 (18,941) 239,994
Cumulative effect of accounting change (net of income taxes) - - -
Net income 258,935 (18,941) 239,994
Preferred dividends 27 - 27
Net income applicable to common shares $ 258,908 $ (18,941) $ 239,967
Basic earnings per share:
Income from continuing operations $.83 $(.06) $.77
Income from discontinued operations - - -
Cumulative effect of accounting change - - -
Net income $.83 $(.06) $.77
Diluted earnings per share:
Income from continuing operations $.83 $(.06) $.77
Income from discontinued operations - - -
Cumulative effect of accounting change - - -
Net income $.83 $(.06) $.77
See Notes to Reconcilations for a description of the items marked (A)-(T).
13. ALLTEL CORPORATION
RECONCILIATION OF RESULTS OF OPERATIONS UNDER GAAP TO RESULTS OF OPERATIONS FROM CURRENT BUSINESSES (NON-GAAP)
for the three months ended September 30, 2003
(In thousands, except per share amounts)
Corporate
Segment Information from Current Businesses
Results of Items Results of Operations
Operations Excluded from Operations Communications and
Under Current from Current Support Intercompany
GAAP Businesses Businesses Wireless Wireline Services Eliminations
Revenues and sales:
Service revenues $ 1,836,059 $ - $ 1,836,059 $ 1,163,786 $ 595,319 $ 108,808 $ (31,854)
Product sales 214,125 - 214,125 69,446 9,876 135,155 (352)
Total revenues and sales 2,050,184 - 2,050,184 1,233,232 605,195 243,963 (32,206)
Costs and expenses:
Cost of services 602,609 - 602,609 361,107 195,747 76,820 (31,065)
Cost of products sold 272,344 - 272,344 141,712 7,375 123,596 (339)
Selling, general, administrative and other 376,285 - 376,285 292,999 63,410 14,361 5,515
Depreciation and amortization 312,183 - 312,183 168,999 131,234 8,843 3,107
Restructuring and other charges - - - - - - -
Total costs and expenses 1,563,421 - 1,563,421 964,817 397,766 223,620 (22,782)
Operating income 486,763 - 486,763 $ 268,415 $ 207,429 $ 20,343 $ (9,424)
Equity earnings in unconsolidated partnerships 13,778 - 13,778
Minority interest in consolidated partnerships (22,287) - (22,287)
Other income, net 3,391 - 3,391
Interest expense (91,164) - (91,164)
Gain (loss) on exchange or disposal of assets,
write-down of investments and other - - -
Income from continuing operations before income taxes 390,481 - 390,481
Income taxes 147,718 - 147,718
Income from continuing operations 242,763 - 242,763
Discontinued operations:
Income from discontinued operations (net of income taxes) - - -
Gain on sale of discontinued operations (net of income taxes) - - -
Income before cumulative effect of accounting change 242,763 - 242,763
Cumulative effect of accounting change (net of income taxes) - - -
Net income 242,763 - 242,763
Preferred dividends 28 - 28
Net income applicable to common shares $ 242,735 $ - $ 242,735
Basic earnings per share:
Income from continuing operations $.78 $- $.78
Income from discontinued operations - - -
Cumulative effect of accounting change - - -
Net income $.78 $- $.78
Diluted earnings per share:
Income from continuing operations $.78 $- $.78
Income from discontinued operations - - -
Cumulative effect of accounting change - - -
Net income $.78 $- $.78
See Notes to Reconcilations for a description of the items marked (A)-(T).
14. ALLTEL CORPORATION
RECONCILIATION OF RESULTS OF OPERATIONS UNDER GAAP TO RESULTS OF OPERATIONS FROM CURRENT BUSINESSES (NON-GAAP)
for the three months ended June 30, 2003
(In thousands, except per share amounts)
Corporate
Segment Information from Current Businesses
Results of Items Results of Operations
Operations Excluded from Operations Communications and
Under Current from Current Support Intercompany
GAAP Businesses Businesses Wireless Wireline Services Eliminations
Revenues and sales:
Service revenues $ 1,797,520 $ - $ 1,797,520 $ 1,127,642 $ 597,109 $ 106,708 $ (33,939)
Product sales 212,732 - 212,732 67,774 9,135 136,127 (304)
Total revenues and sales 2,010,252 - 2,010,252 1,195,416 606,244 242,835 (34,243)
Costs and expenses:
Cost of services 565,612 565,612 339,730 185,580 73,458 (33,156)
-
Cost of products sold 271,354 271,354 141,246 6,319 124,088 (299)
-
Selling, general, administrative and other 372,458 372,458 287,085 64,143 15,682 5,548
-
Depreciation and amortization 310,712 310,712 165,364 133,376 8,806 3,166
-
Restructuring and other charges 18,979 (18,979) (M) - - - - -
Total costs and expenses 1,539,115 (18,979) 1,520,136 933,425 389,418 222,034 (24,741)
Operating income 471,137 18,979 490,116 $ 261,991 $ 216,826 $ 20,801 $ (9,502)
Equity earnings in unconsolidated partnerships 16,689 16,689
-
Minority interest in consolidated partnerships (21,390) (21,390)
-
Other income, net 3,634 3,634
-
Interest expense (93,210) (93,210)
-
Gain (loss) on exchange or disposal of assets,
write-down of investments and other (13,066) 13,066 -
(N)
Income from continuing operations before income taxes 363,794 32,045 395,839
Income taxes 139,585 12,238 151,823
(O)
Income from continuing operations 224,209 19,807 244,016
Discontinued operations:
Income from discontinued operations (net of income taxes) - -
-
Gain on sale of discontinued operations (net of income taxes) 323,927 (323,927) (R) -
Income before cumulative effect of accounting change 548,136 (304,120) 244,016
Cumulative effect of accounting change (net of income taxes) - -
-
Net income 548,136 (304,120) 244,016
Preferred dividends 28 28
-
Net income applicable to common shares $ 548,108 $ (304,120) $ 243,988
Basic earnings per share:
Income from continuing operations $ .72 $ .06 $.78
Income from discontinued operations 1.04 (1.04) -
Cumulative effect of accounting change - - -
Net income $1.76 $ (.98) $.78
Diluted earnings per share:
Income from continuing operations $ .72 $ .06 $.78
Income from discontinued operations 1.03 (1.03) -
Cumulative effect of accounting change - - -
Net income $1.75 $ (.97) $.78
See Notes to Reconcilations for a description of the items marked (A)-(T).