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This excerpt taken from the T 10-Q filed May 7, 2009. Segment operating expenses
decreased $362, or 40.8%, in the first quarter of 2009 primarily due to 2008
workforce charges. The workforce reductions, primarily employees in non-customer
facing areas of the business are a result of the restructure of our operations
from a collection of regional companies to a single national
approach.
23
AT&T
INC.
MARCH
31, 2009
Item 2. Management's
Discussion and Analysis of Financial Condition and Results of Operations -
Continued
Dollars
in millions except per share amounts
Our other
segment also includes our equity investments in international companies, the
income from which we report as equity in net income of affiliates. Our earnings
from foreign affiliates are sensitive to exchange-rate changes in the value of
the respective local currencies. Our foreign investments are recorded under
GAAP, which include adjustments for the purchase method of accounting and
exclude certain adjustments required for local reporting in specific countries.
Our equity in net income of affiliates by major investment is listed
below:
This excerpt taken from the T 10-Q filed Nov 5, 2008. Segment operating expenses
decreased $98, or 18.9%, in the third quarter and increased $189, or 11.3%, for
the first nine months of 2008. The decrease in the third quarter was primarily
due to the reduction of employee related accruals and reduced operating expenses
from our operator services and retail payphone operations. The increase for the
first nine months was primarily due to a charge in the first quarter of $374
associated with our announced workforce reduction, primarily management
employees in non-customer facing areas of the business as a result of the
restructure of our operations from a collection of regional companies to a
single national approach. This was partially offset by a reduction in
reserves held at our captive insurance company and by decreased operating
expenses from our operator services and retail payphone operations.
Our other
segment also includes our equity investments in international companies, the
income from which we report as equity in net income of affiliates. Our earnings
from foreign affiliates are sensitive to exchange-rate changes in the value of
the respective local currencies. Our foreign investments are recorded under
GAAP, which include adjustments for the purchase method of accounting and
exclude certain adjustments required for local reporting in specific
countries.
This excerpt taken from the T 10-Q filed Aug 6, 2008. Segment operating expenses
decreased $89, or 13.8%, in the second quarter and increased $287, or 24.8%, for
the first six months of 2008. The decrease in the second quarter was primarily
due to a reduction in reserves held at our captive insurance company and reduced
operating expenses from our operator services and retail payphone operations.
The increase for the six months was primarily due to a charge in the first
quarter of $374 associated with our announced workforce reduction, primarily
management employees in non-customer facing areas of the business. The
restructure of our operations from a collection of regional companies to a
single national approach allows us to streamline staff functions. This was
partially offset by decreased operating expenses from our operator services and
retail payphone operations.
Our other
segment also includes our equity investments in international companies, the
income from which we report as equity in net income of affiliates. Our earnings
from foreign affiliates are sensitive to exchange-rate changes in the value of
the respective local currencies. Our foreign investments are recorded under
GAAP, which include adjustments for the purchase method of accounting and
exclude certain adjustments required for local reporting in specific
countries.
This excerpt taken from the T 10-Q filed May 7, 2008. Segment operating expenses
increased $306, or 65.9%, in the first quarter of 2008 primarily due to a charge
of $374 associated with our announced workforce reduction of approximately 1.5%,
primarily management employees in non-customer facing areas of the business. The
restructure of our operations from a collection of regional companies to a
single national approach allows us to streamline staff functions. This was
partially offset by decreased operating expenses from our operator services and
retail payphone operations, and receipt of international
receivables.
Our other
segment also includes our equity investments in América Móvil, Telmex and minor
investments in other international companies, the income from which we report as
equity in net income of affiliates. Our earnings from foreign affiliates are
sensitive to exchange-rate changes in the value of the respective local
currencies. Our foreign investments are recorded under GAAP, which include
adjustments for the purchase method of accounting and exclude certain
adjustments required for local reporting in specific countries.
This excerpt taken from the T 8-K filed Jul 24, 2007. Segment Operating Expenses |
564 |
356 |
58.4% |
|
This excerpt taken from the T 10-Q filed May 4, 2007. Segment operating expenses increased $67, or 16.9%, in the first quarter of 2007 primarily due to the addition of BellSouth’s other operations and increased operating expenses at Sterling.
Prior to the December 29, 2006 close of the BellSouth acquisition, our other segment included our 60% proportionate share of AT&T Mobility results as equity in net income of affiliates. As a result of the BellSouth acquisition, we own 100% of AT&T Mobility and its results for the first quarter of 2007 are now included in the wireless segment and are no longer included in equity in net income of affiliates in this segment or on our Consolidated Statements of Income.
29 AT&T INC. MARCH 31, 2007
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations - Continued Dollars in millions except per share amounts
Our other segment also includes our equity investments in international companies, the income from which we report as equity in net income of affiliates. Our earnings from foreign affiliates are sensitive to exchange-rate changes in the value of the respective local currencies. Our foreign investments are recorded under GAAP, which include adjustments for the purchase method of accounting and exclude certain adjustments required for local reporting in specific countries. Our equity in net income of affiliates by major investment is listed below:
This excerpt taken from the T 8-K filed Nov 17, 2006. Segment operating expenses
Cost of services and products increased $2 in the third quarter of 2006, $3 year-to-date, and selling, general, and administrative expenses increased $13 in the third quarter of 2006, $40 year-to-date, compared to the same periods of
(Dollars in Millions, Except Per Share Amounts and as Otherwise Indicated)
2005. These increases were primarily from sales commissions on higher revenues, traffic costs related to growth initiatives for electronic media products and weather-related delivery costs, as well as higher bad debt.
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