- In April 2003, ALLTEL Corporation sold its financial services division to Fidelity National Financial Inc. As a result, the financial services division was reported as discontinued operations for all periods presented.
- The telecom division was retained by ALLTEL and remained part of ongoing operations. Prior segment information was restated to reflect this change.
- Supplemental financial data included in the document provided non-GAAP measures and reconciliations to GAAP measures on the company's investor relations website.
1) In 2003, ALLTEL sold its financial services division to Fidelity National Financial Inc. and classified it as discontinued operations.
2) In 2005, ALLTEL acquired Western Wireless but was required to divest certain markets. It also sold international operations in Georgia and Ghana acquired from Western Wireless. The divested operations were classified as discontinued.
3) The document provides quarterly and annual financial information for ALLTEL from 2003-2005 under GAAP and non-GAAP measures, with non-GAAP excluding effects of discontinued operations and other items.
ALLTEL Corporation completed the sale of its financial services division to Fidelity National Financial Inc. on April 1, 2003. As a result, the financial services division has been reported as discontinued operations for all periods presented in the supplemental financial data. The telecom division was retained by ALLTEL and is included in the communications support services segment. Prior period segment information has been restated to conform to the new financial reporting presentation. The supplemental financial data provided restates prior period results from 2002 onward to reflect these changes.
ALLTEL Corporation completed the sale of the financial services division of its information services subsidiary to Fidelity National Financial Inc. on April 1, 2003. As a result, the financial services division has been reported as discontinued operations for all periods presented. The telecom division was retained by ALLTEL and remains part of ongoing operations. Prior period financial reporting has been restated to reflect this change. The supplemental financial data provided includes non-GAAP measures and reconciliations to GAAP measures are available on the company's website.
ALLTEL Corporation completed the sale of the financial services division of its information services subsidiary to Fidelity National Financial Inc. on April 1, 2003. As a result, the financial services division has been reported as discontinued operations for all periods presented. The telecom division was retained by ALLTEL and remains part of ongoing operations. Prior period financial reporting has been restated to reflect this change. The supplemental financial data provided includes non-GAAP measures and reconciliations to GAAP measures are available on the company's website.
ALLTEL Corporation changed its business segment reporting effective January 1, 2006 to exclude amortization expense related to intangible assets from acquisitions from its wireless segment income. This amortization expense is now included in corporate expenses. Alltel's management uses this revised measurement consistently for internal reporting, resource allocation, and determining management compensation. All prior period segment information has been reclassified to conform to this new presentation. Additionally, as a condition of regulatory approval for its merger with Western Wireless, ALLTEL agreed to divest certain Western Wireless markets, which have been classified as discontinued operations. The document provides consolidated quarterly financial statements for ALLTEL for 2006, 2005 and 2004 under both the new non-GAAP reporting and traditional
ALLTEL Corporation changed its business segment reporting effective January 1, 2006 to exclude amortization expense related to intangible assets from acquisitions from its wireless segment income and include it in corporate expenses. This change reflected management's decision to evaluate the wireless segment's performance without this amortization expense. All prior periods were reclassified to conform to this new presentation.
In August 2005, ALLTEL completed its merger with Western Wireless and agreed to divest certain Western Wireless markets. The acquired international operations of Western Wireless and markets to be divested were classified as discontinued operations.
The supplemental financial data contains non-GAAP measures and GAAP measures. A reconciliation of non-GAAP to GAAP measures is
ALLTEL changed its business segment reporting in 2006 to exclude amortization expense related to acquisitions from its wireless segment income and include it in corporate expenses. This change was made to better evaluate the wireless segment's financial performance. ALLTEL also provides supplemental non-GAAP financial data that excludes certain items to provide additional performance metrics. The document includes quarterly financial statements for ALLTEL for 2006, 2005 and 2004 under both GAAP and non-GAAP reporting.
The document summarizes financial information for ALLTEL Corporation for quarterly periods in 2003, 2004, and 2005. It discusses two transactions - the sale of ALLTEL Information Services' financial services division in 2003 and ALLTEL's merger with Western Wireless in 2005. As a result of these transactions, certain operations were classified as discontinued operations. The document also provides consolidated quarterly statements of income for ALLTEL under GAAP and for its continuing/current businesses (non-GAAP), excluding effects of discontinued operations.
1) In 2003, ALLTEL sold its financial services division to Fidelity National Financial Inc. and classified it as discontinued operations.
2) In 2005, ALLTEL acquired Western Wireless but was required to divest certain markets. It also sold international operations in Georgia and Ghana acquired from Western Wireless. The divested operations were classified as discontinued.
3) The document provides quarterly and annual financial information for ALLTEL from 2003-2005 under GAAP and non-GAAP measures, with non-GAAP excluding effects of discontinued operations and other items.
ALLTEL Corporation completed the sale of its financial services division to Fidelity National Financial Inc. on April 1, 2003. As a result, the financial services division has been reported as discontinued operations for all periods presented in the supplemental financial data. The telecom division was retained by ALLTEL and is included in the communications support services segment. Prior period segment information has been restated to conform to the new financial reporting presentation. The supplemental financial data provided restates prior period results from 2002 onward to reflect these changes.
ALLTEL Corporation completed the sale of the financial services division of its information services subsidiary to Fidelity National Financial Inc. on April 1, 2003. As a result, the financial services division has been reported as discontinued operations for all periods presented. The telecom division was retained by ALLTEL and remains part of ongoing operations. Prior period financial reporting has been restated to reflect this change. The supplemental financial data provided includes non-GAAP measures and reconciliations to GAAP measures are available on the company's website.
ALLTEL Corporation completed the sale of the financial services division of its information services subsidiary to Fidelity National Financial Inc. on April 1, 2003. As a result, the financial services division has been reported as discontinued operations for all periods presented. The telecom division was retained by ALLTEL and remains part of ongoing operations. Prior period financial reporting has been restated to reflect this change. The supplemental financial data provided includes non-GAAP measures and reconciliations to GAAP measures are available on the company's website.
ALLTEL Corporation changed its business segment reporting effective January 1, 2006 to exclude amortization expense related to intangible assets from acquisitions from its wireless segment income. This amortization expense is now included in corporate expenses. Alltel's management uses this revised measurement consistently for internal reporting, resource allocation, and determining management compensation. All prior period segment information has been reclassified to conform to this new presentation. Additionally, as a condition of regulatory approval for its merger with Western Wireless, ALLTEL agreed to divest certain Western Wireless markets, which have been classified as discontinued operations. The document provides consolidated quarterly financial statements for ALLTEL for 2006, 2005 and 2004 under both the new non-GAAP reporting and traditional
ALLTEL Corporation changed its business segment reporting effective January 1, 2006 to exclude amortization expense related to intangible assets from acquisitions from its wireless segment income and include it in corporate expenses. This change reflected management's decision to evaluate the wireless segment's performance without this amortization expense. All prior periods were reclassified to conform to this new presentation.
In August 2005, ALLTEL completed its merger with Western Wireless and agreed to divest certain Western Wireless markets. The acquired international operations of Western Wireless and markets to be divested were classified as discontinued operations.
The supplemental financial data contains non-GAAP measures and GAAP measures. A reconciliation of non-GAAP to GAAP measures is
ALLTEL changed its business segment reporting in 2006 to exclude amortization expense related to acquisitions from its wireless segment income and include it in corporate expenses. This change was made to better evaluate the wireless segment's financial performance. ALLTEL also provides supplemental non-GAAP financial data that excludes certain items to provide additional performance metrics. The document includes quarterly financial statements for ALLTEL for 2006, 2005 and 2004 under both GAAP and non-GAAP reporting.
The document summarizes financial information for ALLTEL Corporation for quarterly periods in 2003, 2004, and 2005. It discusses two transactions - the sale of ALLTEL Information Services' financial services division in 2003 and ALLTEL's merger with Western Wireless in 2005. As a result of these transactions, certain operations were classified as discontinued operations. The document also provides consolidated quarterly statements of income for ALLTEL under GAAP and for its continuing/current businesses (non-GAAP), excluding effects of discontinued operations.
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.
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ites KPO and BPO,IT sector in the country has increased at an incredible rate of 35% per year for the last 10 years reinforces the view that India is world class in IT
The IT sector is one of the largest employers of women, and therefore, can play a crucial role in women empowerment and the reduction of gender inequalities.
Introduction to Metro in India by cosmo soil.pptxcosmo-soil
The metro system in India is a vital part of urban mobility, providing eco-friendly, efficient, and affordable transportation. This article explores its history, benefits, and future developments, highlighting how metros enhance quality of life and drive urban development.
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.
ITES KPO BPO IT sector in the country has increased at an incredible rate o...yashwanthkumar517728
ites KPO and BPO,IT sector in the country has increased at an incredible rate of 35% per year for the last 10 years reinforces the view that India is world class in IT
The IT sector is one of the largest employers of women, and therefore, can play a crucial role in women empowerment and the reduction of gender inequalities.
Introduction to Metro in India by cosmo soil.pptxcosmo-soil
The metro system in India is a vital part of urban mobility, providing eco-friendly, efficient, and affordable transportation. This article explores its history, benefits, and future developments, highlighting how metros enhance quality of life and drive urban development.
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.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
5 Compelling Reasons to Invest in Cryptocurrency NowDaniel
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Poonawalla Fincorp’s Strategy to Achieve Industry-Leading NPA Metricsshruti1menon2
Poonawalla Fincorp Limited, under the leadership of Managing Director Abhay Bhutada, has achieved industry-leading Gross Non-Performing Assets (GNPA) below 1% and Net Non-Performing Assets (NNPA) below 0.5% as of May 31, 2024. This success is attributed to a strategic vision focusing on prudent credit policies, robust risk management, and digital transformation. Bhutada's leadership has driven the company to exceed its targets ahead of schedule, emphasizing rigorous credit assessment, advanced risk management, and enhanced collection efficiency. By prioritizing customer-centric solutions, leveraging digital innovation, and maintaining strong financial performance, Poonawalla Fincorp sets new benchmarks in the industry. With a continued focus on asset quality, digital enhancement, and exploring growth opportunities, the company is well-positioned for sustained success in the future.
Vadhavan Port Development _ What to Expect In and Beyond (1).pdfjohnson100mee
The Vadhavan Port Development is poised to be one of the most significant infrastructure projects in India's maritime history. This deep-sea port, located in Maharashtra, promises to transform the region's economic landscape, bolster India's trade capabilities, and generate a plethora of employment opportunities. In this blog, we will delve into the various facets of the Vadhavan Port Development: what to expect in and beyond its completion, and how it stands to influence the future of India's maritime and economic sectors.
PFMS, India's Public Financial Management System, revolutionizes fund tracking and distribution, ensuring transparency and efficiency. It enables real-time monitoring, direct benefit transfers, and comprehensive reporting, significantly improving financial management and reducing fraud across government schemes.
1. On April 1, 2003, ALLTEL Corporation (quot;ALLTELquot; or the quot;Companyquot;) completed the sale of the financial services division of its information
services subsidiary, ALLTEL Information Services, Inc., to Fidelity National Financial Inc. As a result of this transaction, the financial services
division has been reflected in the accompanying supplemental financial data as discontinued operations for all periods presented. The telecom
division of ALLTEL Information Services, Inc. was retained by the Company and was not part of the transaction. The operations of the retained
telecom division are included in the communications support services segment. In accordance with Statement of Financial Accounting
Standards (“SFAS”) No. 131, “Disclosures about Segments of an Enterprise and Related Information,” all prior period segment information has
been restated to conform to this new financial reporting presentation. The accompanying supplemental financial data restate prior period
results commencing with 2002 to reflect the changes in financial reporting presentation discussed above.
The supplemental financial data contain disclosure of non-GAAP financial measures. A reconciliation of each of the non-GAAP financial
measures to its most directly comparable financial measure calculated and presented in accordance with GAAP is posted on the Investor
Relations page of the Company's web site under quot;Quarterly Reports and Financial Statisticsquot;.
ALLTEL claims the protection of the safe-harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of
1995. Forward-looking statements are subject to uncertainties that could cause actual future events and results to differ materially from those
expressed in the forward-looking statements. These forward-looking statements are based on estimates, projections, beliefs, and assumptions
and are not guarantees of future events and results. Actual future events and results may differ materially from those expressed in these
forward-looking statements as a result of a number of important factors. Representative examples of these factors include (without limitation)
adverse changes in economic conditions in the markets served by ALLTEL; the extent, timing, and overall effects of competition in the
communications business; material changes in the communications industry generally that could adversely affect vendor relationships with
equipment and network suppliers and customer relationships with wholesale customers; changes in communications technology; the risks
associated with the integration of acquired businesses; adverse changes in the terms and conditions of the Company’s wireless roaming
agreements; the potential for adverse changes in the ratings given to ALLTEL's debt securities by nationally accredited ratings organizations;
the availability and cost of financing in the corporate debt markets; the uncertainties related to ALLTEL’s strategic investments; the effects of
work stoppages; the effects of litigation; and the effects of federal and state legislation, rules, and regulations governing the communications
industry. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors
including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy
changes.
2. ALLTEL Corporation
Consolidated Quarterly Statements of Income From Current Businesses (Non-GAAP)
for quarterly periods in the years 2004, 2003 and 2002
2004 2003 2002
Total 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr. Total 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr. Total 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr.
(In thousands, except per share amounts)
Revenues and Sales:
Service revenues $ 7,374,279 $ 1,897,402 $ 1,885,405 $ 1,825,894 $ 1,765,578 $ 7,156,067 $ 1,806,026 $ 1,836,059 $ 1,797,520 $ 1,716,462 $ 6,428,942 $ 1,734,481 $ 1,691,248 $ 1,524,322 $ 1,478,891
Product sales 871,862 242,391 217,707 216,170 195,594 823,843 207,650 214,125 212,732 189,336 683,444 188,294 176,438 174,715 143,997
Total revenues and sales 8,246,141 2,139,793 2,103,112 2,042,064 1,961,172 7,979,910 2,013,676 2,050,184 2,010,252 1,905,798 7,112,386 1,922,775 1,867,686 1,699,037 1,622,888
Costs and Expenses:
Cost of services 2,374,220 604,818 624,442 584,189 560,771 2,273,598 567,946 602,609 565,612 537,431 2,025,014 538,620 541,402 485,426 459,566
Cost of products sold 1,075,545 299,603 262,604 256,055 257,283 1,043,468 262,058 272,344 271,354 237,712 891,306 233,905 224,305 224,360 208,736
Selling, general, administrative and other 1,524,165 402,489 373,624 372,859 375,193 1,498,122 388,290 376,285 372,458 361,089 1,297,034 363,616 336,633 310,425 286,360
Depreciation and amortization 1,299,691 332,520 324,678 321,151 321,342 1,247,748 321,330 312,183 310,712 303,523 1,095,469 304,298 285,908 257,766 247,497
Total costs and expenses 6,273,621 1,639,430 1,585,348 1,534,254 1,514,589 6,062,936 1,539,624 1,563,421 1,520,136 1,439,755 5,308,823 1,440,439 1,388,248 1,277,977 1,202,159
Operating Income 1,972,520 500,363 517,764 507,810 446,583 1,916,974 474,052 486,763 490,116 466,043 1,803,563 482,336 479,438 421,060 420,729
Equity earnings in unconsolidated partnerships 68,486 14,970 24,338 15,926 13,252 64,373 16,401 13,778 16,689 17,505 65,776 23,260 20,131 13,741 8,644
Minority interest in consolidated partnerships (80,096) (19,227) (23,647) (21,651) (15,571) (78,604) (17,093) (22,287) (21,390) (17,834) (73,339) (18,610) (21,027) (18,677) (15,025)
Other income (expense), net 34,500 11,360 15,652 2,875 4,613 11,068 3,596 3,391 3,634 447 (5,850) (3,581) (4,751) 1,246 1,236
Interest expense (352,490) (87,512) (86,699) (86,543) (91,736) (378,627) (90,881) (91,164) (93,210) (103,372) (320,170) (109,220) (90,383) (59,696) (60,871)
Income before income taxes 1,642,920 419,954 447,408 418,417 357,141 1,535,184 386,075 390,481 395,839 362,789 1,469,980 374,185 383,408 357,674 354,713
Income taxes 604,810 149,896 163,383 155,889 135,642 580,789 146,081 147,718 151,823 135,167 553,024 142,283 142,189 134,865 133,687
Net income 1,038,110 270,058 284,025 262,528 221,499 954,395 239,994 242,763 244,016 227,622 916,956 231,902 241,219 222,809 221,026
Preferred dividends 103 25 25 26 27 111 27 28 28 28 125 29 31 32 33
Net income applicable to common shares $ 1,038,007 $ 270,033 $ 284,000 $ 262,502 $ 221,472 $ 954,284 $ 239,967 $ 242,735 $ 243,988 $ 227,594 $ 916,831 $ 231,873 $ 241,188 $ 222,777 $ 220,993
Earnings Per Share:
Basic $3.38 $.89 $.93 $.85 $.71 $3.06 $.77 $.78 $.78 $.73 $2.95 $.75 $.78 $.72 $.71
Diluted $3.37 $.89 $.92 $.85 $.71 $3.05 $.77 $.78 $.78 $.73 $2.94 $.74 $.77 $.71 $.71
Current businesses excludes the effects of discontinued operations, early termination of debt, integration expenses, restructuring and other charges, gain (loss) on disposal of assets, reversal of certain income tax contingency reserves, write-down of investments
and receivables, and net financing costs related to prefunding the Company's 2002 wireless and wireline acquisitions.
During the fourth quarter of 2003, the Company changed the reporting classification of regulatory fees assessed to customers related to the Universal Service Fund from quot;selling, general, administrative and otherquot; to quot;cost of servicesquot;.
All prior period amounts were reclassified to conform with this new presentation.
3. ALLTEL Corporation
Consolidated Quarterly Statements of Income Under GAAP
for quarterly periods in the years 2004, 2003 and 2002
2004 2003 2002
Total 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr. Total 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr. Total 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr.
(In thousands, except per share amounts)
Revenues and Sales:
Service revenues $ 7,374,279 $ 1,897,402 $ 1,885,405 $ 1,825,894 $ 1,765,578 $ 7,156,067 $ 1,806,026 $ 1,836,059 $ 1,797,520 $ 1,716,462 $ 6,428,942 $ 1,734,481 $ 1,691,248 $ 1,524,322 $ 1,478,891
Product sales 871,862 242,391 217,707 216,170 195,594 823,843 207,650 214,125 212,732 189,336 683,444 188,294 176,438 174,715 143,997
Total revenues and sales 8,246,141 2,139,793 2,103,112 2,042,064 1,961,172 7,979,910 2,013,676 2,050,184 2,010,252 1,905,798 7,112,386 1,922,775 1,867,686 1,699,037 1,622,888
Costs and Expenses:
Cost of services 2,374,220 604,818 624,442 584,189 560,771 2,273,598 567,946 602,609 565,612 537,431 2,039,014 538,620 541,402 499,426 459,566
Cost of products sold 1,075,545 299,603 262,604 256,055 257,283 1,043,468 262,058 272,344 271,354 237,712 891,306 233,905 224,305 224,360 208,736
Selling, general, administrative and other 1,524,165 402,489 373,624 372,859 375,193 1,498,122 388,290 376,285 372,458 361,089 1,297,034 363,616 336,633 310,425 286,360
Depreciation and amortization 1,299,691 332,520 324,678 321,151 321,342 1,247,748 321,330 312,183 310,712 303,523 1,095,469 304,298 285,908 257,766 247,497
Integration expenses, restructuring and other charges 50,892 (873) - - 51,765 18,979 - - 18,979 - 69,883 (2,526) 20,539 9,022 42,848
Total costs and expenses 6,324,513 1,638,557 1,585,348 1,534,254 1,566,354 6,081,915 1,539,624 1,563,421 1,539,115 1,439,755 5,392,706 1,437,913 1,408,787 1,300,999 1,245,007
Operating Income 1,921,628 501,236 517,764 507,810 394,818 1,897,995 474,052 486,763 471,137 466,043 1,719,680 484,862 458,899 398,038 377,881
Equity earnings in unconsolidated partnerships 68,486 14,970 24,338 15,926 13,252 64,373 16,401 13,778 16,689 17,505 65,776 23,260 20,131 13,741 8,644
Minority interest in consolidated partnerships (80,096) (19,227) (23,647) (21,651) (15,571) (78,604) (17,093) (22,287) (21,390) (17,834) (73,339) (18,610) (21,027) (18,677) (15,025)
Other income (expense), net 34,500 11,360 15,652 2,875 4,613 11,068 3,596 3,391 3,634 447 2,350 (3,581) (842) 5,537 1,236
Interest expense (352,490) (87,512) (86,699) (86,543) (91,736) (378,627) (90,881) (91,164) (93,210) (103,372) (355,129) (109,220) (107,529) (77,509) (60,871)
Gain (loss) on disposal of assets, write-down of
investments and other - - - - - 17,933 30,999 - (13,066) - 985 19,516 (4,792) (13,739) -
Income from continuing operations before income taxes 1,592,028 420,827 447,408 418,417 305,376 1,534,138 417,074 390,481 363,794 362,789 1,360,323 396,227 344,840 307,391 311,865
Income taxes 565,331 150,182 143,727 155,889 115,533 580,609 158,139 147,718 139,585 135,167 510,163 150,832 127,024 115,378 116,929
Income from continuing operations 1,026,697 270,645 303,681 262,528 189,843 953,529 258,935 242,763 224,209 227,622 850,160 245,395 217,816 192,013 194,936
Discontinued operations:
Income from discontinued operations (net of income
taxes) 19,538 - 19,538 - - 37,072 - - - 37,072 74,150 11,178 19,947 24,155 18,870
Gain on sale of discontinued operations (net of income
taxes) - - - - - 323,927 - - 323,927 - - - - - -
Income before cumulative effect of accounting change 1,046,235 270,645 323,219 262,528 189,843 1,314,528 258,935 242,763 548,136 264,694 924,310 256,573 237,763 216,168 213,806
Cumulative effect of accounting change (net of income
taxes) - - - - - 15,591 - - - 15,591 - - - - -
Net income 1,046,235 270,645 323,219 262,528 189,843 1,330,119 258,935 242,763 548,136 280,285 924,310 256,573 237,763 216,168 213,806
Preferred dividends 103 25 25 26 27 111 27 28 28 28 125 29 31 32 33
Net income applicable to common shares $ 1,046,132 $ 270,620 $ 323,194 $ 262,502 $ 189,816 $ 1,330,008 $ 258,908 $ 242,735 $ 548,108 $ 280,257 $ 924,185 $ 256,544 $ 237,732 $ 216,136 $ 213,773
Earnings Per Share:
Basic:
Income from continuing operations $3.34 $.89 $ .99 $.85 $.61 $3.06 $.83 $.78 $ .72 $.73 $2.73 $.79 $.70 $.62 $.63
.06 .06
Income from discontinued operations - - - 1.16 - - 1.04 .12 .24 .03 .06 .08 .06
Cumulative effect of accounting change - - - - - .05 - - - .05 - - - - -
Net income $3.40 $.89 $1.05 $.85 $.61 $4.27 $.83 $.78 $1.76 $.90 $2.97 $.82 $.76 $.70 $.69
Diluted:
Income from continuing operations $3.33 $.89 $ .99 $.85 $.61 $3.05 $.83 $.78 $ .72 $.73 $2.72 $.79 $.70 $.61 $.62
.06 .06
Income from discontinued operations - - - 1.15 - - 1.03 .12 .24 .03 .06 .08 .06
Cumulative effect of accounting change - - - - - .05 - - - .05 - - - - -
Net income $3.39 $.89 $1.05 $.85 $.61 $4.25 $.83 $.78 $1.75 $.90 $2.96 $.82 $.76 $.69 $.68
During the fourth quarter of 2003, the Company changed the reporting classification of regulatory fees assessed to customers related to the Universal Service Fund from quot;selling, general, administrative and otherquot; to quot;cost of servicesquot;.
All prior period amounts were reclassified to conform with this new presentation.
4. ALLTEL CORPORATION
QUARTERLY SUPPLEMENTAL BUSINESS SEGMENT INFORMATION FROM CURRENT BUSINESSES (NON-GAAP)
for the quarterly periods in the years 2004, 2003 and 2002
(In thousands)
2004 2003 2002
Total 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr. Total 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr. Total 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr.
Wireless:
Revenues and sales:
Service revenues $ 4,791,235 $ 1,252,773 $ 1,239,409 $ 1,183,549 $ 1,115,504 $ 4,466,462 $ 1,128,024 $ 1,163,786 $ 1,127,642 $ 1,047,010 $ 3,999,206 $ 1,065,747 $ 1,053,170 $ 965,543 $ 914,746
Product sales 286,852 73,999 74,338 69,533 68,982 261,937 63,908 69,446 67,774 60,809 160,998 53,635 40,798 37,182 29,383
Total revenues and sales 5,078,087 1,326,772 1,313,747 1,253,082 1,184,486 4,728,399 1,191,932 1,233,232 1,195,416 1,107,819 4,160,204 1,119,382 1,093,968 1,002,725 944,129
Costs and expenses:
Cost of services 1,543,576 399,114 406,660 382,060 355,742 1,367,812 350,603 361,107 339,730 316,372 1,243,068 329,004 335,667 302,293 276,104
Cost of products sold 573,646 154,747 139,301 135,048 144,550 536,648 131,243 141,712 141,246 122,447 430,550 114,672 102,499 103,624 109,755
Selling, general, administrative
and other 1,201,789 318,968 294,070 293,009 295,742 1,154,961 303,033 292,999 287,085 271,844 957,983 269,728 249,578 231,851 206,826
Depreciation and amortization 738,837 193,789 186,169 181,350 177,529 670,978 175,446 168,999 165,364 161,169 577,652 159,483 149,388 137,573 131,208
Total costs and expenses 4,057,848 1,066,618 1,026,200 991,467 973,563 3,730,399 960,325 964,817 933,425 871,832 3,209,253 872,887 837,132 775,341 723,893
Segment income $ 1,020,239 $ 260,154 $ 287,547 $ 261,615 $ 210,923 $ 998,000 $ 231,607 $ 268,415 $ 261,991 $ 235,987 $ 950,951 $ 246,495 $ 256,836 $ 227,384 $ 220,236
Wireline:
Revenues and sales:
Service revenues $ 2,380,788 $ 597,315 $ 592,373 $ 599,567 $ 591,533 $ 2,395,625 $ 605,665 $ 595,319 $ 597,109 $ 597,532 $ 2,145,315 $ 598,107 $ 566,536 $ 489,265 $ 491,407
Product sales 39,021 10,460 10,563 10,065 7,933 40,454 10,119 9,876 9,135 11,324 34,446 9,708 9,152 7,941 7,645
Total revenues and sales 2,419,809 607,775 602,936 609,632 599,466 2,436,079 615,784 605,195 606,244 608,856 2,179,761 607,815 575,688 497,206 499,052
Costs and expenses:
Cost of services 704,335 173,146 179,719 178,599 172,871 737,161 173,751 195,747 185,580 182,083 634,166 175,511 171,224 146,146 141,285
Cost of products sold 28,711 8,576 7,822 7,158 5,155 29,131 7,495 7,375 6,319 7,942 24,843 7,404 6,458 5,695 5,286
Selling, general, administrative
and other 244,327 62,466 60,033 60,908 60,920 259,406 65,644 63,410 64,143 66,209 251,214 69,366 65,855 56,906 59,087
Depreciation and amortization 516,445 127,921 127,580 128,610 132,334 526,508 132,064 131,234 133,376 129,834 465,599 131,798 123,389 107,100 103,312
Total costs and expenses 1,493,818 372,109 375,154 375,275 371,280 1,552,206 378,954 397,766 389,418 386,068 1,375,822 384,079 366,926 315,847 308,970
Segment income $ 925,991 $ 235,666 $ 227,782 $ 234,357 $ 228,186 $ 883,873 $ 236,830 $ 207,429 $ 216,826 $ 222,788 $ 803,939 $ 223,736 $ 208,762 $ 181,359 $ 190,082
Communications support services:
Revenues and sales
Service revenues $ 346,662 $ 81,462 $ 86,862 $ 84,583 $ 93,755 $ 428,983 $ 105,910 $ 108,808 $ 106,708 $ 107,557 $ 434,465 $ 109,224 $ 111,672 $ 109,625 $ 103,944
Product sales 577,193 167,027 140,275 144,596 125,295 530,078 141,229 135,155 136,127 117,567 491,209 125,694 127,324 130,277 107,914
Total revenues and sales 923,855 248,489 227,137 229,179 219,050 959,061 247,139 243,963 242,835 225,124 925,674 234,918 238,996 239,902 211,858
Costs and expenses:
Cost of services 257,845 64,297 68,910 58,679 65,959 299,006 74,876 76,820 73,458 73,852 295,299 72,419 73,893 76,385 72,602
Cost of products sold 514,239 146,997 124,575 127,799 114,868 486,936 131,568 123,596 124,088 107,684 439,219 112,577 116,237 115,717 94,688
Selling, general, administrative
and other 54,729 14,856 13,593 13,050 13,230 60,511 13,896 14,361 15,682 16,572 69,280 18,451 16,769 17,342 16,718
Depreciation and amortization 34,325 8,454 8,570 8,755 8,546 36,191 9,176 8,843 8,806 9,366 37,750 9,639 9,622 9,353 9,136
Total costs and expenses 861,138 234,604 215,648 208,283 202,603 882,644 229,516 223,620 222,034 207,474 841,548 213,086 216,521 218,797 193,144
Segment income $ 62,717 $ 13,885 $ 11,489 $ 20,896 $ 16,447 $ 76,417 $ 17,623 $ 20,343 $ 20,801 $ 17,650 $ 84,126 $ 21,832 $ 22,475 $ 21,105 $ 18,714
Corporate expenses:
Cost of services $ 3,023 $ 787 $ 767 $ 730 $ 739 $ 4,001 $ 1,647 $ 802 $ 788 $ 764 $ 2,428 $ 278 $ 695 $ 722 $ 733
Selling, general, administrative
and other 23,320 6,199 5,928 5,892 5,301 23,244 5,717 5,515 5,548 6,464 18,557 6,071 4,431 4,326 3,729
Depreciation and amortization 10,084 2,356 2,359 2,436 2,933 14,071 4,644 3,107 3,166 3,154 14,468 3,378 3,509 3,740 3,841
Total costs and expenses $ 36,427 $ 9,342 $ 9,054 $ 9,058 $ 8,973 $ 41,316 $ 12,008 $ 9,424 $ 9,502 $ 10,382 $ 35,453 $ 9,727 $ 8,635 $ 8,788 $ 8,303
Intercompany eliminations:
Revenues and sales
Service revenues $ (144,406) $ (34,148) $ (33,239) $ (41,805) $ (35,214) $ (135,003) $ (33,573) $ (31,854) $ (33,939) $ (35,637) $ (150,044) $ (38,597) $ (40,130) $ (40,111) $ (31,206)
Product sales (31,204) (9,095) (7,469) (8,024) (6,616) (8,626) (7,606) (352) (304) (364) (3,209) (743) (836) (685) (945)
Total revenues and sales (175,610) (43,243) (40,708) (49,829) (41,830) (143,629) (41,179) (32,206) (34,243) (36,001) (153,253) (39,340) (40,966) (40,796) (32,151)
Costs and expenses:
Cost of services (134,559) $ (32,526) (31,614) (35,879) (34,540) (134,382) (32,931) (31,867) (33,944) (35,640) (149,947) (38,592) (40,077) (40,120) (31,158)
Cost of products sold (41,051) (10,717) (9,094) (13,950) (7,290) (9,247) (8,248) (339) (299) (361) (3,306) (748) (889) (676) (993)
Selling, general, administrative
and other - - - - - - - - - - - - - - -
Depreciation and amortization - - - - - - - - - - - - - - -
Total costs and expenses (175,610) (43,243) (40,708) (49,829) (41,830) (143,629) (41,179) (32,206) (34,243) (36,001) (153,253) (39,340) (40,966) (40,796) (32,151)
Operating income $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Consolidated:
Revenues and sales
Service revenues 7,374,279 1,897,402 1,885,405 1,825,894 1,765,578 7,156,067 1,806,026 1,836,059 1,797,520 1,716,462 6,428,942 1,734,481 1,691,248 1,524,322 1,478,891
Product sales 871,862 242,391 217,707 216,170 195,594 823,843 207,650 214,125 212,732 189,336 683,444 188,294 176,438 174,715 143,997
Total revenues and sales $ 8,246,141 $ 2,139,793 $ 2,103,112 $ 2,042,064 $ 1,961,172 $ 7,979,910 $ 2,013,676 $ 2,050,184 $ 2,010,252 $ 1,905,798 $ 7,112,386 $ 1,922,775 $ 1,867,686 $ 1,699,037 $ 1,622,888
Costs and expenses:
Cost of services 2,374,220 604,818 624,442 584,189 560,771 2,273,598 567,946 602,609 565,612 537,431 2,025,014 538,620 541,402 485,426 459,566
Cost of products sold 1,075,545 299,603 262,604 256,055 257,283 1,043,468 262,058 272,344 271,354 237,712 891,306 233,905 224,305 224,360 208,736
Selling, general, administrative
and other 1,524,165 402,489 373,624 372,859 375,193 1,498,122 388,290 376,285 372,458 361,089 1,297,034 363,616 336,633 310,425 286,360
Depreciation and amortization 1,299,691 332,520 324,678 321,151 321,342 1,247,748 321,330 312,183 310,712 303,523 1,095,469 304,298 285,908 257,766 247,497
Total costs and expenses 6,273,621 1,639,430 1,585,348 1,534,254 1,514,589 6,062,936 1,539,624 1,563,421 1,520,136 1,439,755 5,308,823 1,440,439 1,388,248 1,277,977 1,202,159
Operating income $ 1,972,520 $ 500,363 $ 517,764 $ 507,810 $ 446,583 $ 1,916,974 $ 474,052 $ 486,763 $ 490,116 $ 466,043 $ 1,803,563 $ 482,336 $ 479,438 $ 421,060 $ 420,729
Operating Margin: (A)
Wireless 20.1% 19.6% 21.9% 20.9% 17.8% 21.1% 19.4% 21.8% 21.9% 21.3% 22.9% 22.0% 23.5% 22.7% 23.3%
Wireline 38.3% 38.8% 37.8% 38.4% 38.1% 36.3% 38.5% 34.3% 35.8% 36.6% 36.9% 36.8% 36.3% 36.5% 38.1%
Communications Support Services 6.8% 5.6% 5.1% 9.1% 7.5% 8.0% 7.1% 8.3% 8.6% 7.8% 9.1% 9.3% 9.4% 8.8% 8.8%
Consolidated 23.9% 23.4% 24.6% 24.9% 22.8% 24.0% 23.5% 23.7% 24.4% 24.5% 25.4% 25.1% 25.7% 24.8% 25.9%
SUPPLEMENTAL REVENUE INFORMATION:
Wireline:
Revenues and sales:
Local service $ 1,115,761 $ 276,456 $ 278,598 $ 280,782 $ 279,925 $ 1,136,820 $ 282,702 $ 283,959 $ 284,301 $ 285,858 $ 1,017,944 $ 285,656 $ 269,462 $ 231,711 $ 231,115
Network access and long-distance 1,047,894 260,812 263,549 262,816 260,717 1,055,497 271,503 260,280 261,533 262,181 943,514 261,763 249,808 214,532 217,411
Miscellaneous 256,154 70,507 60,789 66,034 58,824 243,762 61,579 60,956 60,410 60,817 218,303 60,396 56,418 50,963 50,526
Total revenues and sales $ 2,419,809 $ 607,775 $ 602,936 $ 609,632 $ 599,466 $ 2,436,079 $ 615,784 $ 605,195 $ 606,244 $ 608,856 $ 2,179,761 $ 607,815 $ 575,688 $ 497,206 $ 499,052
Communications support services:
Revenues and sales:
Long-distance and network
management services $ 304,870 $ 75,797 $ 77,188 $ 72,848 $ 79,037 $ 320,165 $ 78,003 $ 80,048 $ 81,083 $ 81,031 $ 316,236 $ 80,086 $ 81,822 $ 79,559 $ 74,769
Product distribution 421,253 117,018 109,268 95,907 99,060 407,397 106,235 107,253 100,790 93,119 371,255 94,292 102,061 93,982 80,920
Directory publishing 155,940 50,009 31,007 48,689 26,235 122,573 34,982 27,860 35,308 24,423 119,103 31,255 25,149 35,744 26,955
Telecommunications information
services 41,792 5,665 9,674 11,735 14,718 108,926 27,919 28,802 25,654 26,551 119,080 29,285 29,964 30,617 29,214
Total revenues and sales $ 923,855 $ 248,489 $ 227,137 $ 229,179 $ 219,050 $ 959,061 $ 247,139 $ 243,963 $ 242,835 $ 225,124 $ 925,674 $ 234,918 $ 238,996 $ 239,902 $ 211,858
Current businesses excludes integration expenses, restructuring and other charges and the write-down of receivables due to an interexchange carrier's bankruptcy filing. The write-down of receivables was recorded in the second quarter
of 2002, and of the total write-down, $3.1 million related to the wireless segment and $10.9 million related to the wireline segment.
(A) Operating margin is calculated by dividing segment income by the corresponding amount of segment revenues and sales.
During the fourth quarter of 2003, the Company changed the reporting classification of regulatory fees assessed to customers related to the Universal Service Fund from quot;selling, general, administrative and otherquot; to quot;cost
of servicesquot;. All prior period amounts were reclassified to conform with this new presentation.