This document provides a reconciliation of Alltel Corporation's results of operations under GAAP accounting standards versus results from current businesses, excluding certain items, for the twelve months and three months ended December 31, 2004. It shows revenues, costs, expenses and income for Alltel's wireless, wireline, communications support and corporate operations segments. Certain integration, restructuring and other charges were excluded from the non-GAAP results of current businesses. Income from discontinued operations was also excluded from the non-GAAP results.
This document provides a reconciliation of ALLTEL Corporation's results of operations under GAAP to non-GAAP results of operations from current businesses for the twelve months and three months ended December 31, 2004. It shows revenues, costs and expenses, operating income, and net income under both GAAP and excluding certain items. Key results include total 2004 revenues of $8.2 billion, operating income of $1.97 billion, net income of $1.04 billion, and basic EPS of $3.38 under non-GAAP current business measures.
This document provides a reconciliation of ALLTEL Corporation's results of operations under GAAP to non-GAAP results of operations from current businesses for the twelve months and three months ended December 31, 2004. It shows revenues, costs and expenses, operating income, and net income under both GAAP and excluding certain items. Key results include total 2004 revenues of $8.2 billion, operating income of $1.97 billion, net income of $1.04 billion, and basic EPS of $3.38 under non-GAAP current business measures.
This document provides a reconciliation of ALLTEL Corporation's results of operations under GAAP (Generally Accepted Accounting Principles) to non-GAAP results of operations from current businesses for the twelve months and three months ended December 31, 2004. It shows revenues, costs, expenses, operating income, and earnings per share under both GAAP and excluding certain items to present results from current businesses only. Key figures include total revenues of $8.2 billion for the twelve months under both measures. Operating income was $1.97 billion excluding items versus $1.92 billion under GAAP.
This document provides a reconciliation of ALLTEL Corporation's results of operations under GAAP to non-GAAP results of operations from current businesses for the twelve months and three months ended December 31, 2004. It shows revenues, costs and expenses, operating income, and net income under both GAAP and excluding certain items. Key results include total 2004 revenues of $8.2 billion, operating income of $1.97 billion, net income of $1.04 billion, and basic EPS of $3.38 under non-GAAP current business measures.
This document provides a reconciliation of ALLTEL Corporation's results of operations under GAAP to non-GAAP results of operations from current businesses for the twelve months and three months ended December 31, 2004. It shows revenues, costs and expenses, operating income, and net income under both GAAP and excluding certain items. Key results include total 2004 revenues of $8.2 billion, operating income of $1.97 billion, net income of $1.04 billion, and basic EPS of $3.38 under non-GAAP current business measures.
- ALLTEL CORPORATION provided reconciliations of its results of operations under GAAP to results from its current businesses on a non-GAAP basis for the six months and three months ended June 30, 2006.
- For the six month period, revenues from current businesses totaled $5.2 billion and net income from current businesses was $684.8 million.
- For the three month period, revenues from current businesses totaled $2.7 billion and operating income from current businesses was $647.6 million.
This document provides a reconciliation of Alltel Corporation's results of operations under GAAP to non-GAAP results of operations from current businesses for three periods: the three months ended March 31, 2006, the twelve months ended December 31, 2005, and the three months ended December 31, 2005. For each period, it presents revenues, costs and expenses, operating income, and net income under GAAP and excluding certain items to show results from current businesses. Key results include revenues over $2.5 billion for the quarter ended March 31, 2006, net income of over $297 million for the same period, and basic earnings per share of $0.83 for the year ended December 31, 2005 from current businesses.
The document provides a reconciliation of Alltel Corporation's results of operations under GAAP accounting standards versus results from current businesses on a non-GAAP basis for the six months and three months ended June 30, 2006. Key figures are provided for revenues, costs and expenses, operating income, earnings per share, and segment information from the company's wireless, wireline, and corporate operations. Certain items are excluded from the non-GAAP results of current businesses column, as described in notes to the reconciliation.
This document provides a reconciliation of ALLTEL Corporation's results of operations under GAAP to non-GAAP results of operations from current businesses for the twelve months and three months ended December 31, 2004. It shows revenues, costs and expenses, operating income, and net income under both GAAP and excluding certain items. Key results include total 2004 revenues of $8.2 billion, operating income of $1.97 billion, net income of $1.04 billion, and basic EPS of $3.38 under non-GAAP current business measures.
This document provides a reconciliation of ALLTEL Corporation's results of operations under GAAP to non-GAAP results of operations from current businesses for the twelve months and three months ended December 31, 2004. It shows revenues, costs and expenses, operating income, and net income under both GAAP and excluding certain items. Key results include total 2004 revenues of $8.2 billion, operating income of $1.97 billion, net income of $1.04 billion, and basic EPS of $3.38 under non-GAAP current business measures.
This document provides a reconciliation of ALLTEL Corporation's results of operations under GAAP (Generally Accepted Accounting Principles) to non-GAAP results of operations from current businesses for the twelve months and three months ended December 31, 2004. It shows revenues, costs, expenses, operating income, and earnings per share under both GAAP and excluding certain items to present results from current businesses only. Key figures include total revenues of $8.2 billion for the twelve months under both measures. Operating income was $1.97 billion excluding items versus $1.92 billion under GAAP.
This document provides a reconciliation of ALLTEL Corporation's results of operations under GAAP to non-GAAP results of operations from current businesses for the twelve months and three months ended December 31, 2004. It shows revenues, costs and expenses, operating income, and net income under both GAAP and excluding certain items. Key results include total 2004 revenues of $8.2 billion, operating income of $1.97 billion, net income of $1.04 billion, and basic EPS of $3.38 under non-GAAP current business measures.
This document provides a reconciliation of ALLTEL Corporation's results of operations under GAAP to non-GAAP results of operations from current businesses for the twelve months and three months ended December 31, 2004. It shows revenues, costs and expenses, operating income, and net income under both GAAP and excluding certain items. Key results include total 2004 revenues of $8.2 billion, operating income of $1.97 billion, net income of $1.04 billion, and basic EPS of $3.38 under non-GAAP current business measures.
- ALLTEL CORPORATION provided reconciliations of its results of operations under GAAP to results from its current businesses on a non-GAAP basis for the six months and three months ended June 30, 2006.
- For the six month period, revenues from current businesses totaled $5.2 billion and net income from current businesses was $684.8 million.
- For the three month period, revenues from current businesses totaled $2.7 billion and operating income from current businesses was $647.6 million.
This document provides a reconciliation of Alltel Corporation's results of operations under GAAP to non-GAAP results of operations from current businesses for three periods: the three months ended March 31, 2006, the twelve months ended December 31, 2005, and the three months ended December 31, 2005. For each period, it presents revenues, costs and expenses, operating income, and net income under GAAP and excluding certain items to show results from current businesses. Key results include revenues over $2.5 billion for the quarter ended March 31, 2006, net income of over $297 million for the same period, and basic earnings per share of $0.83 for the year ended December 31, 2005 from current businesses.
The document provides a reconciliation of Alltel Corporation's results of operations under GAAP accounting standards versus results from current businesses on a non-GAAP basis for the six months and three months ended June 30, 2006. Key figures are provided for revenues, costs and expenses, operating income, earnings per share, and segment information from the company's wireless, wireline, and corporate operations. Certain items are excluded from the non-GAAP results of current businesses column, as described in notes to the reconciliation.
CMC is a global steel and metals company with over 14,000 employees worldwide. It manufactures, recycles, markets, and distributes steel and metal products through a network of over 200 locations globally. CMC operates steel minimills, fabrication plants, service centers, and recycling facilities. It aims to be vertically integrated and diversified in its product offerings and geographic reach.
The document provides an overview of CMC's business model which focuses on vertical integration, product diversification, and global geographic dispersion. It then discusses CMC's current market conditions and outlook across different geographic regions and product lines, including details on earnings expectations, capital investment projects, and quarterly financial statistics. The document also reviews factors influencing costs and selling prices for CMC's various steel manufacturing operations in North America.
The document provides an overview of CMC, a global steel and metals company. It discusses CMC's business model which focuses on vertical integration, product diversification, and global geographic dispersion. It also summarizes CMC's track record of conservative management and 30 consecutive years of profitability. Finally, it outlines CMC's five operating segments and overall strategy of achieving a global reach through regional focus and growth in key markets.
CMC is a global steel and metals company with over 14,000 employees worldwide. It manufactures, recycles, markets, and distributes steel and metal products through a network of over 200 locations globally. CMC operates steel minimills, fabrication plants, service centers, and recycling facilities. It aims to vertically integrate its operations from scrap processing to steel fabrication to provide a hedge against steel and metal price fluctuations.
The document provides an overview of CMC's business model, current market conditions, earnings results, and operational metrics for the third quarter of 2008. It discusses CMC's strategy of vertical integration, product diversification, and global geographic dispersion. It also reviews earnings, sales, margins, capital investments, and performance across CMC's different business segments.
The document provides an overview of CMC's business model, current market conditions, earnings results, and operational metrics for the third quarter of 2008. It discusses CMC's strategy of vertical integration, product diversification, and global geographic dispersion. It also reviews demand trends, input costs, earnings, investments, segment performance, and operational details.
This document provides an overview of Commercial Metals Company (CMC) and its quarterly performance. It discusses CMC's business model, including its vertical integration and product and geographic diversification. It also summarizes CMC's financial performance from 2003-2007, highlighting increasing sales, earnings, and shareholder returns over that period. Current market conditions and CMC's outlook are briefly addressed.
The document provides an overview of CMC's business model and current market conditions for the 4th quarter of 2008. It summarizes CMC's key business segments, product lines, capital projects, financial statistics, and discusses challenges in the global steel market including falling prices, reduced demand, and excess inventory. It analyzes factors such as raw material costs, sales prices, margins, and operating profits across CMC's divisions.
The document provides an overview of CMC's business model and current market conditions for the 4th quarter of 2008. It summarizes CMC's key business segments, current projects, liquidity position, financial statistics, and discusses challenges in the global steel market including falling prices, reduced demand, and excess inventory. It analyzes performance and outlook for CMC's Americas and international operations.
This document summarizes notes from the 4th Annual Global Steel CEO Forum held by Goldman Sachs on December 4, 2008. It discusses the current challenging market conditions for the steel industry due to the global liquidity crisis, including falling prices, production cutbacks, and declining demand. Updates are provided on conditions and outlook for different markets, including further price declines and inventory reductions in North America, continued cutbacks and oversupply in Europe and the Middle East, and China's efforts to stimulate domestic demand and infrastructure spending to boost its economy and steel demand. Breaking the negative cycle depends on the effectiveness of global government intervention programs and restoration of confidence.
The document discusses how Commercial Metals Company (CMC) is different from other steel companies. It notes that CMC focuses on long steel products, has diversified its business across five segments including steel mills, fabrication, recycling, and marketing, and has a track record of consistent profitability and financial strength over 26 years. The document aims to show investors that CMC's strategy and performance set it apart from other steel industry firms.
The document discusses how Commercial Metals Company (CMC) is different from other steel companies. It notes that CMC focuses on long steel products, has diversified its business across five segments including steel mills, fabrication, recycling, and marketing, and has a track record of consistent profitability and financial strength over 26 years. The document aims to show investors that CMC's strategy and performance set it apart from other steel industry firms.
The document discusses how Commercial Metals Company (CMC) is different from other steel companies. It notes that CMC focuses on long steel products, has diversified its business across five segments including steel mills, fabrication plants, recycling, and marketing/distribution, and has a track record of consistent profitability and financial strength over 26 years. The document aims to show shareholders that CMC's business strategy and performance set it apart from other steel industry firms.
This document is Commercial Metals Company's 2005 Annual Report. It summarizes the company's financial performance for fiscal year 2005, including record net earnings of $286 million on net sales of $6.6 billion, up from $132 million on $4.8 billion the previous year. It discusses positive results across the company's business segments, including Domestic Mills, Domestic Fabrication, Recycling, and Marketing & Distribution. The annual report also provides an overview of the company's operations, strategic focus on vertical integration, and capital expenditure plans.
This document is the 2005 annual report for Commercial Metals Company. It summarizes the company's financial performance for fiscal year 2005, which saw record net earnings of $286 million on net sales of $6.6 billion, up from $132 million on $4.8 billion the previous year. The company's domestic mills and fabrication segments significantly outperformed the prior year due to higher steel prices and strong end-user demand. While operations in Poland saw a decline from the prior year, performance improved in the fourth quarter. Overall, the company benefited from favorable market conditions across most of its businesses.
This document is Commercial Metals Company's 2005 Annual Report which summarizes the company's financial performance for fiscal year 2005. Some key points:
- The company achieved record net earnings of $286 million on record net sales of $6.6 billion in fiscal year 2005, up from $132 million in net earnings on $4.8 billion in net sales in fiscal year 2004.
- All of the company's business segments - Domestic Mills, Domestic Fabrication, Recycling, and Marketing & Distribution - experienced strong financial performance and profitability in 2005.
- The company continued its strategy of vertical integration and diversification which has helped it perform well in changing market conditions.
- For
This annual report summarizes Commercial Metals Company's financial performance in fiscal year 2006. Some key points:
- Record net earnings of $356 million on $7.6 billion in net sales, up from $286 million on $6.6 billion the prior year.
- All five business segments (domestic mills, CMCZ, domestic fabrication, recycling, and marketing/distribution) performed well due to favorable market conditions and the company's vertical integration strategy.
- Domestic mills set new records for sales, production, and shipments as metal spreads increased. The copper tube mill's operating profit increased significantly year-over-year.
This annual report summarizes Commercial Metals Company's financial performance in fiscal year 2006. Some key points:
- Record net earnings of $356 million on $7.6 billion in net sales, up from $286 million on $6.6 billion the prior year.
- All five business segments (domestic mills, CMCZ, domestic fabrication, recycling, and marketing/distribution) performed well due to favorable market conditions and the company's vertical integration strategy.
- Domestic mills set production and shipment records while benefiting from high metal spreads. CMCZ also improved significantly through organizational changes and new investments.
Commercial Metals Company reported record financial results for fiscal year 2006 with net sales of $7.6 billion, net earnings of $356 million, and diluted earnings per share of $2.89. All five of CMC's business segments performed well, with domestic steel mills, CMCZ (the Polish steel operation), and recycling being especially strong. Market conditions were favorable, especially for non-residential construction, and CMC executed well. The company also invested in new facilities, acquisitions, and branding initiatives. CMC has high confidence in its future due to the continued expected strength of its end markets and its vertically integrated business model.
Commercial Metals Company had a profitable year in 2007, approaching the record profits of 2006. The company made several strategic acquisitions, announced plans to build a new micro mill, and reorganized internally to take advantage of growth opportunities. All five of the company's business segments performed well. Safety remains a major focus.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
CMC is a global steel and metals company with over 14,000 employees worldwide. It manufactures, recycles, markets, and distributes steel and metal products through a network of over 200 locations globally. CMC operates steel minimills, fabrication plants, service centers, and recycling facilities. It aims to be vertically integrated and diversified in its product offerings and geographic reach.
The document provides an overview of CMC's business model which focuses on vertical integration, product diversification, and global geographic dispersion. It then discusses CMC's current market conditions and outlook across different geographic regions and product lines, including details on earnings expectations, capital investment projects, and quarterly financial statistics. The document also reviews factors influencing costs and selling prices for CMC's various steel manufacturing operations in North America.
The document provides an overview of CMC, a global steel and metals company. It discusses CMC's business model which focuses on vertical integration, product diversification, and global geographic dispersion. It also summarizes CMC's track record of conservative management and 30 consecutive years of profitability. Finally, it outlines CMC's five operating segments and overall strategy of achieving a global reach through regional focus and growth in key markets.
CMC is a global steel and metals company with over 14,000 employees worldwide. It manufactures, recycles, markets, and distributes steel and metal products through a network of over 200 locations globally. CMC operates steel minimills, fabrication plants, service centers, and recycling facilities. It aims to vertically integrate its operations from scrap processing to steel fabrication to provide a hedge against steel and metal price fluctuations.
The document provides an overview of CMC's business model, current market conditions, earnings results, and operational metrics for the third quarter of 2008. It discusses CMC's strategy of vertical integration, product diversification, and global geographic dispersion. It also reviews earnings, sales, margins, capital investments, and performance across CMC's different business segments.
The document provides an overview of CMC's business model, current market conditions, earnings results, and operational metrics for the third quarter of 2008. It discusses CMC's strategy of vertical integration, product diversification, and global geographic dispersion. It also reviews demand trends, input costs, earnings, investments, segment performance, and operational details.
This document provides an overview of Commercial Metals Company (CMC) and its quarterly performance. It discusses CMC's business model, including its vertical integration and product and geographic diversification. It also summarizes CMC's financial performance from 2003-2007, highlighting increasing sales, earnings, and shareholder returns over that period. Current market conditions and CMC's outlook are briefly addressed.
The document provides an overview of CMC's business model and current market conditions for the 4th quarter of 2008. It summarizes CMC's key business segments, product lines, capital projects, financial statistics, and discusses challenges in the global steel market including falling prices, reduced demand, and excess inventory. It analyzes factors such as raw material costs, sales prices, margins, and operating profits across CMC's divisions.
The document provides an overview of CMC's business model and current market conditions for the 4th quarter of 2008. It summarizes CMC's key business segments, current projects, liquidity position, financial statistics, and discusses challenges in the global steel market including falling prices, reduced demand, and excess inventory. It analyzes performance and outlook for CMC's Americas and international operations.
This document summarizes notes from the 4th Annual Global Steel CEO Forum held by Goldman Sachs on December 4, 2008. It discusses the current challenging market conditions for the steel industry due to the global liquidity crisis, including falling prices, production cutbacks, and declining demand. Updates are provided on conditions and outlook for different markets, including further price declines and inventory reductions in North America, continued cutbacks and oversupply in Europe and the Middle East, and China's efforts to stimulate domestic demand and infrastructure spending to boost its economy and steel demand. Breaking the negative cycle depends on the effectiveness of global government intervention programs and restoration of confidence.
The document discusses how Commercial Metals Company (CMC) is different from other steel companies. It notes that CMC focuses on long steel products, has diversified its business across five segments including steel mills, fabrication, recycling, and marketing, and has a track record of consistent profitability and financial strength over 26 years. The document aims to show investors that CMC's strategy and performance set it apart from other steel industry firms.
The document discusses how Commercial Metals Company (CMC) is different from other steel companies. It notes that CMC focuses on long steel products, has diversified its business across five segments including steel mills, fabrication, recycling, and marketing, and has a track record of consistent profitability and financial strength over 26 years. The document aims to show investors that CMC's strategy and performance set it apart from other steel industry firms.
The document discusses how Commercial Metals Company (CMC) is different from other steel companies. It notes that CMC focuses on long steel products, has diversified its business across five segments including steel mills, fabrication plants, recycling, and marketing/distribution, and has a track record of consistent profitability and financial strength over 26 years. The document aims to show shareholders that CMC's business strategy and performance set it apart from other steel industry firms.
This document is Commercial Metals Company's 2005 Annual Report. It summarizes the company's financial performance for fiscal year 2005, including record net earnings of $286 million on net sales of $6.6 billion, up from $132 million on $4.8 billion the previous year. It discusses positive results across the company's business segments, including Domestic Mills, Domestic Fabrication, Recycling, and Marketing & Distribution. The annual report also provides an overview of the company's operations, strategic focus on vertical integration, and capital expenditure plans.
This document is the 2005 annual report for Commercial Metals Company. It summarizes the company's financial performance for fiscal year 2005, which saw record net earnings of $286 million on net sales of $6.6 billion, up from $132 million on $4.8 billion the previous year. The company's domestic mills and fabrication segments significantly outperformed the prior year due to higher steel prices and strong end-user demand. While operations in Poland saw a decline from the prior year, performance improved in the fourth quarter. Overall, the company benefited from favorable market conditions across most of its businesses.
This document is Commercial Metals Company's 2005 Annual Report which summarizes the company's financial performance for fiscal year 2005. Some key points:
- The company achieved record net earnings of $286 million on record net sales of $6.6 billion in fiscal year 2005, up from $132 million in net earnings on $4.8 billion in net sales in fiscal year 2004.
- All of the company's business segments - Domestic Mills, Domestic Fabrication, Recycling, and Marketing & Distribution - experienced strong financial performance and profitability in 2005.
- The company continued its strategy of vertical integration and diversification which has helped it perform well in changing market conditions.
- For
This annual report summarizes Commercial Metals Company's financial performance in fiscal year 2006. Some key points:
- Record net earnings of $356 million on $7.6 billion in net sales, up from $286 million on $6.6 billion the prior year.
- All five business segments (domestic mills, CMCZ, domestic fabrication, recycling, and marketing/distribution) performed well due to favorable market conditions and the company's vertical integration strategy.
- Domestic mills set new records for sales, production, and shipments as metal spreads increased. The copper tube mill's operating profit increased significantly year-over-year.
This annual report summarizes Commercial Metals Company's financial performance in fiscal year 2006. Some key points:
- Record net earnings of $356 million on $7.6 billion in net sales, up from $286 million on $6.6 billion the prior year.
- All five business segments (domestic mills, CMCZ, domestic fabrication, recycling, and marketing/distribution) performed well due to favorable market conditions and the company's vertical integration strategy.
- Domestic mills set production and shipment records while benefiting from high metal spreads. CMCZ also improved significantly through organizational changes and new investments.
Commercial Metals Company reported record financial results for fiscal year 2006 with net sales of $7.6 billion, net earnings of $356 million, and diluted earnings per share of $2.89. All five of CMC's business segments performed well, with domestic steel mills, CMCZ (the Polish steel operation), and recycling being especially strong. Market conditions were favorable, especially for non-residential construction, and CMC executed well. The company also invested in new facilities, acquisitions, and branding initiatives. CMC has high confidence in its future due to the continued expected strength of its end markets and its vertically integrated business model.
Commercial Metals Company had a profitable year in 2007, approaching the record profits of 2006. The company made several strategic acquisitions, announced plans to build a new micro mill, and reorganized internally to take advantage of growth opportunities. All five of the company's business segments performed well. Safety remains a major focus.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
Navigating Your Financial Future: Comprehensive Planning with Mike Baumannmikebaumannfinancial
Learn how financial planner Mike Baumann helps individuals and families articulate their financial aspirations and develop tailored plans. This presentation delves into budgeting, investment strategies, retirement planning, tax optimization, and the importance of ongoing plan adjustments.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
5 Compelling Reasons to Invest in Cryptocurrency NowDaniel
In recent years, cryptocurrencies have emerged as more than just a niche fascination; they have become a transformative force in global finance and technology. Initially propelled by the enigmatic Bitcoin, cryptocurrencies have evolved into a diverse ecosystem of digital assets with the potential to reshape how we perceive and interact with money.
5 Compelling Reasons to Invest in Cryptocurrency Now
alltel 4Q 04_Non-GAAPReconciliation
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, 2004
(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 $ 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
Integration expenses, restructuring and other charges 50,892 (50,892) (A)(B) - - - - -
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 (expense), net 34,500 - 34,500
Interest expense (352,490) - (352,490)
Gain (loss) on 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 (P)(Q) 604,810
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)-(S).
2. 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
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 $ 1,897,402 $ - $ 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
Integration expenses, restructuring and other charges (873) 873 (A) - - - - -
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 (expense), net 11,360 - 11,360
Interest expense (87,512) - (87,512)
Gain (loss) on 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) (P) 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)-(S).
3. 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
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 $ 1,885,405 $ - $ 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
Integration expenses, 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 (expense), net 15,652 - 15,652
Interest expense (86,699) - (86,699)
Gain (loss) on 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 (Q) 163,383
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 $(.12)
$1.05 $.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 $(.13)
$1.05 $.92
See Notes to Reconcilations for a description of the items marked (A)-(S).
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, 2004
(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 $ 1,825,894 $ - $ 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
Integration expenses, 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 (expense), net 2,875 - 2,875
Interest expense (86,543) - (86,543)
Gain (loss) on 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)-(S).
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, 2004
(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 $ 1,765,578 $ - $ 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
Integration expenses, restructuring and other charges 51,765 (51,765) (B) - - - - -
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 (expense), net 4,613 - 4,613
Interest expense (91,736) - (91,736)
Gain (loss) on 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 (P) 135,642
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)-(S).
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, 2003
(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 $ 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
Integration expenses, restructuring and other charges 18,979 (18,979) (D) - - - - -
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 (expense), net 11,068 - 11,068
Interest expense (378,627) - (378,627)
Gain (loss) on disposal of assets, write-down of investments
and other 17,933 (17,933) (C)(E) -
Income from continuing operations before income taxes 1,534,138 1,046 1,535,184
Income taxes 580,609 180 (P) 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)-(S).
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, 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
Integration expenses, 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 (expense), net 3,596 - 3,596
Interest expense (90,881) - (90,881)
Gain (loss) on disposal of assets, write-down of investments
and other 30,999 (30,999) (C) -
Income from continuing operations before income taxes 417,074 (30,999) 386,075
Income taxes 158,139 (12,058) (P) 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)-(S).
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, 2003
(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 $ 1,836,059 $ - $ 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
Integration expenses, 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 (expense), net 3,391 - 3,391
Interest expense (91,164) - (91,164)
Gain (loss) on 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)-(S).
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, 2003
(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 $ 1,797,520 $ - $ 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
-
Integration expenses, restructuring and other charges 18,979 (18,979) (D) - - - - -
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 (expense), net 3,634 3,634
-
Interest expense (93,210) (93,210)
-
Gain (loss) on disposal of assets, write-down of investments
and other (13,066) 13,066 (E) -
Income from continuing operations before income taxes 363,794 32,045 395,839
Income taxes 139,585 12,238 (P) 151,823
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)-(S).
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, 2003
(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 $ 1,716,462 $ - $ 1,716,462 $ 1,047,010 $ 597,532 $ 107,557 $ (35,637)
Product sales 189,336 - 189,336 60,809 11,324 117,567 (364)
Total revenues and sales 1,905,798 - 1,905,798 1,107,819 608,856 225,124 (36,001)
Costs and expenses:
Cost of services 537,431 537,431 316,372 182,083 73,852 (34,876)
-
Cost of products sold 237,712 237,712 122,447 7,942 107,684 (361)
-
Selling, general, administrative and other 361,089 361,089 271,844 66,209 16,572 6,464
-
Depreciation and amortization 303,523 303,523 161,169 129,834 9,366 3,154
-
Integration expenses, restructuring and other charges - - - - - - -
Total costs and expenses 1,439,755 - 1,439,755 871,832 386,068 207,474 (25,619)
Operating income 466,043 - 466,043 $ 235,987 $ 222,788 $ 17,650 $ (10,382)
Equity earnings in unconsolidated partnerships 17,505 17,505
-
Minority interest in consolidated partnerships (17,834) (17,834)
-
Other income (expense), net 447 447
-
Interest expense (103,372) (103,372)
-
Gain (loss) on disposal of assets, write-down of investments
and other - - -
Income from continuing operations before income taxes 362,789 - 362,789
Income taxes 135,167 - 135,167
Income from continuing operations 227,622 - 227,622
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) - - -
Income before cumulative effect of accounting change 264,694 (37,072) 227,622
Cumulative effect of accounting change (net of income taxes) 15,591 (15,591) (S) -
Net income 280,285 (52,663) 227,622
Preferred dividends 28 28
-
Net income applicable to common shares $ 280,257 $ (52,663) $ 227,594
Basic earnings per share:
Income from continuing operations $.73 $- $.73
Income from discontinued operations .12 (.12) -
Cumulative effect of accounting change .05 (.05) -
Net income $.90 $(.17) $.73
Diluted earnings per share:
Income from continuing operations $.73 $- $.73
Income from discontinued operations .12 (.12) -
Cumulative effect of accounting change .05 (.05) -
Net income $.90 $(.17) $.73
See Notes to Reconcilations for a description of the items marked (A)-(S).
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, 2002
(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 $ 6,428,942 $ - $ 6,428,942 $ 3,999,206 $ 2,145,315 $ 434,465 $ (150,044)
Product sales 683,444 - 683,444 160,998 34,446 491,209 (3,209)
Total revenues and sales 7,112,386 - 7,112,386 4,160,204 2,179,761 925,674 (153,253)
Costs and expenses:
Cost of services 2,039,014 (14,000) (L) 2,025,014 1,243,068 634,166 295,299 (147,519)
Cost of products sold 891,306 - 891,306 430,550 24,843 439,219 (3,306)
Selling, general, administrative and other 1,297,034 - 1,297,034 957,983 251,214 69,280 18,557
Depreciation and amortization 1,095,469 - 1,095,469 577,652 465,599 37,750 14,468
Integration expenses, restructuring and other charges 69,883 (69,883) (F,J,M,O) - - - - -
Total costs and expenses 5,392,706 (83,883) 5,308,823 3,209,253 1,375,822 841,548 (117,800)
Operating income 1,719,680 83,883 1,803,563 $ 950,951 $ 803,939 $ 84,126 $ (35,453)
Equity earnings in unconsolidated partnerships 65,776 - 65,776
Minority interest in consolidated partnerships (73,339) - (73,339)
Other income (expense), net 2,350 (8,200) (H) (5,850)
Interest expense (355,129) 34,959 (I) (320,170)
Gain (loss) on disposal of assets, write-down of investments
and other 985 (985) (G,K,N) -
Income from continuing operations before income taxes 1,360,323 109,657 1,469,980
Income taxes 510,163 42,861 (P) 553,024
Income from continuing operations 850,160 66,796 916,956
Discontinued operations:
Income from discontinued operations (net of income taxes) 74,150 (74,150) (R) -
Gain on sale of discontinued operations (net of income taxes) - - -
Income before cumulative effect of accounting change 924,310 (7,354) 916,956
Cumulative effect of accounting change (net of income taxes) - - -
Net income 924,310 (7,354) 916,956
Preferred dividends 125 - 125
Net income applicable to common shares $ 924,185 $ (7,354) $ 916,831
Basic earnings per share:
Income from continuing operations $2.73 $ .22 $2.95
Income from discontinued operations .24 (.24) -
Cumulative effect of accounting change - - -
Net income $2.97 $(.02) $2.95
Diluted earnings per share:
Income from continuing operations $2.72 $ .22 $2.94
Income from discontinued operations .24 (.24) -
Cumulative effect of accounting change - - -
Net income $2.96 $(.02) $2.94
See Notes to Reconcilations for a description of the items marked (A)-(S).
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, 2002
(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 $ 1,734,481 $ - $ 1,734,481 $ 1,065,747 $ 598,107 $ 109,224 $ (38,597)
Product sales 188,294 - 188,294 53,635 9,708 125,694 (743)
Total revenues and sales 1,922,775 - 1,922,775 1,119,382 607,815 234,918 (39,340)
Costs and expenses:
Cost of services 538,620 538,620 329,004 175,511 72,419 (38,314)
-
Cost of products sold 233,905 233,905 114,672 7,404 112,577 (748)
-
Selling, general, administrative and other 363,616 363,616 269,728 69,366 18,451 6,071
-
Depreciation and amortization 304,298 304,298 159,483 131,798 9,639 3,378
-
Integration expenses, restructuring and other charges (2,526) 2,526 (F) - - - - -
Total costs and expenses 1,437,913 2,526 1,440,439 872,887 384,079 213,086 (29,613)
Operating income 484,862 (2,526) 482,336 $ 246,495 $ 223,736 $ 21,832 $ (9,727)
Equity earnings in unconsolidated partnerships 23,260 23,260
-
Minority interest in consolidated partnerships (18,610) (18,610)
-
Other income (expense), net (3,581) (3,581)
-
Interest expense (109,220) (109,220)
-
Gain (loss) on disposal of assets, write-down of investments
and other 19,516 (19,516) (G) -
Income from continuing operations before income taxes 396,227 (22,042) 374,185
Income taxes 150,832 (8,549) (P) 142,283
Income from continuing operations 245,395 (13,493) 231,902
Discontinued operations:
Income from discontinued operations (net of income taxes) 11,178 (11,178) (R) -
Gain on sale of discontinued operations (net of income taxes) - - -
Income before cumulative effect of accounting change 256,573 (24,671) 231,902
Cumulative effect of accounting change (net of income taxes) - - -
Net income 256,573 (24,671) 231,902
Preferred dividends 29 29
-
Net income applicable to common shares $ 256,544 $ (24,671) $ 231,873
Basic earnings per share:
Income from continuing operations $.79 $(.04) $.75
Income from discontinued operations .03 (.03) -
Cumulative effect of accounting change - - -
Net income $.82 $(.07) $.75
Diluted earnings per share:
Income from continuing operations $.79 $(.05) $.74
Income from discontinued operations .03 (.03) -
Cumulative effect of accounting change - - -
Net income $.82 $(.08) $.74
See Notes to Reconcilations for a description of the items marked (A)-(S).
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, 2002
(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 $ 1,691,248 $ - $ 1,691,248 $ 1,053,170 $ 566,536 $ 111,672 $ (40,130)
Product sales 176,438 - 176,438 40,798 9,152 127,324 (836)
Total revenues and sales 1,867,686 - 1,867,686 1,093,968 575,688 238,996 (40,966)
Costs and expenses:
Cost of services 541,402 541,402 335,667 171,224 73,893 (39,382)
-
Cost of products sold 224,305 224,305 102,499 6,458 116,237 (889)
-
Selling, general, administrative and other 336,633 336,633 249,578 65,855 16,769 4,431
-
Depreciation and amortization 285,908 285,908 149,388 123,389 9,622 3,509
-
Integration expenses, restructuring and other charges 20,539 (20,539) (J) - - - - -
Total costs and expenses 1,408,787 (20,539) 1,388,248 837,132 366,926 216,521 (32,331)
Operating income 458,899 20,539 479,438 $ 256,836 $ 208,762 $ 22,475 $ (8,635)
Equity earnings in unconsolidated partnerships 20,131 20,131
-
Minority interest in consolidated partnerships (21,027) (21,027)
-
Other income (expense), net (842) (4,751)
(3,909) (H)
Interest expense (107,529) (90,383)
17,146 (I)
Gain (loss) on disposal of assets, write-down of investments
and other (4,792) 4,792 (K) -
Income from continuing operations before income taxes 344,840 38,568 383,408
Income taxes 127,024 15,165 (P) 142,189
Income from continuing operations 217,816 23,403 241,219
Discontinued operations:
Income from discontinued operations (net of income taxes) 19,947 (19,947) (R) -
Gain on sale of discontinued operations (net of income taxes) - - -
Income before cumulative effect of accounting change 237,763 3,456 241,219
Cumulative effect of accounting change (net of income taxes) - - -
Net income 237,763 3,456 241,219
Preferred dividends 31 31
-
Net income applicable to common shares $ 237,732 $ 3,456 $ 241,188
Basic earnings per share:
Income from continuing operations $.70 $ .08 $.78
Income from discontinued operations .06 (.06) -
Cumulative effect of accounting change - - -
Net income $.76 $ .02 $.78
Diluted earnings per share:
Income from continuing operations $.70 $ .07 $.77
Income from discontinued operations .06 (.06) -
Cumulative effect of accounting change - - -
Net income $.76 $ .01 $.77
See Notes to Reconcilations for a description of the items marked (A)-(S).
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, 2002
(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 $ 1,524,322 $ - $ 1,524,322 $ 965,543 $ 489,265 $ 109,625 $ (40,111)
Product sales 174,715 - 174,715 37,182 7,941 130,277 (685)
Total revenues and sales 1,699,037 - 1,699,037 1,002,725 497,206 239,902 (40,796)
Costs and expenses:
Cost of services 499,426 (14,000) (L) 485,426 302,293 146,146 76,385 (39,398)
Cost of products sold 224,360 224,360 103,624 5,695 115,717 (676)
-
Selling, general, administrative and other 310,425 310,425 231,851 56,906 17,342 4,326
-
Depreciation and amortization 257,766 257,766 137,573 107,100 9,353 3,740
-
Integration expenses, restructuring and other charges 9,022 (9,022) (M) - - - - -
Total costs and expenses 1,300,999 (23,022) 1,277,977 775,341 315,847 218,797 (32,008)
Operating income 398,038 23,022 421,060 $ 227,384 $ 181,359 $ 21,105 $ (8,788)
Equity earnings in unconsolidated partnerships 13,741 13,741
-
Minority interest in consolidated partnerships (18,677) (18,677)
-
Other income (expense), net 5,537 1,246
(4,291) (H)
Interest expense (77,509) (59,696)
17,813 (I)
Gain (loss) on disposal of assets, write-down of investments
and other (13,739) 13,739 (N) -
Income from continuing operations before income taxes 307,391 50,283 357,674
Income taxes 115,378 19,487 (P) 134,865
Income from continuing operations 192,013 30,796 222,809
Discontinued operations:
Income from discontinued operations (net of income taxes) 24,155 (24,155) (R) -
Gain on sale of discontinued operations (net of income taxes) - - -
Income before cumulative effect of accounting change 216,168 6,641 222,809
Cumulative effect of accounting change (net of income taxes) - - -
Net income 216,168 6,641 222,809
Preferred dividends 32 32
-
Net income applicable to common shares $ 216,136 $ 6,641 $ 222,777
Basic earnings per share:
Income from continuing operations $.62 $ .10 $.72
Income from discontinued operations .08 (.08) -
Cumulative effect of accounting change - - -
Net income $.70 $ .02 $.72
Diluted earnings per share:
Income from continuing operations $.61 $ .10 $.71
Income from discontinued operations .08 (.08) -
Cumulative effect of accounting change - - -
Net income $.69 $ .02 $.71
See Notes to Reconcilations for a description of the items marked (A)-(S).