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This excerpt taken from the VZ 10-K filed Feb 26, 2010. Equity in Earnings of Unconsolidated Businesses
nm – not meaningful Equity in earnings of unconsolidated businesses in 2009 decreased by $14 million compared to 2008. The decrease was primarily due to higher income tax benefits recorded at Vodafone Omnitel N.V. (Vodafone Omnitel) during 2008. Partially offsetting the decrease were higher earnings at Vodafone Omnitel as well as the devaluation of the Euro versus the U.S. dollar. Equity in earnings of unconsolidated businesses in 2008 decreased by $18 million compared to 2007. The decrease was primarily driven by the gain on the sale of an international investment in 2007, partially offset by higher earnings at Vodafone Omnitel in 2008. This excerpt taken from the VZ 8-K filed Nov 2, 2009. Equity in Earnings of Unconsolidated Businesses
Equity in earnings of unconsolidated businesses in 2008 decreased by $18 million, or 3.1%, compared to 2007. The decrease was primarily driven by the gain on the sale of an international investment in 2007, partially offset by higher earnings at Vodafone Omnitel N.V. (Vodafone Omnitel) in 2008. Equity in earnings of unconsolidated businesses in 2007 decreased by $188 million, or 24.3%, compared to 2006. The decrease was primarily driven by the nationalization of Compañía Anónima Nacional Teléfonos de Venezuela (CANTV) during 2007, as well as the effect of lower tax benefits at Vodafone Omnitel. This excerpt taken from the VZ 10-Q filed May 11, 2009. Equity in Earnings of Unconsolidated Businesses
Equity in earnings of unconsolidated businesses during the first quarter of 2009 increased $31 million compared to the similar period in 2008, primarily driven by higher earnings at Vodafone Omnitel N.V. (Vodafone Omnitel). These excerpts taken from the VZ 10-K filed Feb 24, 2009. Equity in Earnings of Unconsolidated Businesses
Equity in earnings of unconsolidated businesses in 2008 decreased by $18 million, or 3.1%, compared to 2007. The decrease was primarily driven by the gain on the sale of an international investment in 2007, partially offset by higher earnings at Vodafone Omnitel N.V. (Vodafone Omnitel) in 2008. Equity in earnings of unconsolidated businesses in 2007 decreased by $188 million, or 24.3%, compared to 2006. The decrease was primarily driven by the nationalization of Compañía Anónima Nacional Teléfonos de Venezuela (CANTV) during 2007, as well as the effect of lower tax benefits at Vodafone Omnitel. Equity in Earnings of Unconsolidated Businesses
Equity in earnings of unconsolidated businesses in 2008 decreased by $18 million, or 3.1%, nationalization of Compañía Anónima Nacional Teléfonos de Venezuela (CANTV) during 2007, as well as the effect of lower tax benefits at Vodafone Omnitel.
Other Income and (Expense), Net in 2008 increased $71 million, or 33.6%, compared to 2007. The as decreased interest income as a result of lower average cash balances. This excerpt taken from the VZ 10-Q filed Oct 28, 2008. Equity in Earnings of Unconsolidated Businesses
nm – Not meaningful Equity in Earnings of Unconsolidated Businesses during the third quarter of 2008 increased $64 million compared to the similar period in 2007, primarily driven by higher earnings at Vodafone Omnitel N.V. (Vodafone Omnitel) partially due to higher income tax benefits. Equity in Earnings of Unconsolidated Businesses during the nine months ended September 30, 2008 decreased $34 million compared to the similar period in 2007, primarily driven by the gain on the sale of an international investment in 2007, partially offset by higher earnings at Vodafone Omnitel. This excerpt taken from the VZ 10-Q filed Jul 29, 2008. Equity in Earnings of Unconsolidated Businesses
nm – Not meaningful Equity in Earnings of Unconsolidated Businesses decreased by $35 million and $98 million for the three and six months ended June 30, 2008, respectively, compared to the similar periods in 2007, primarily driven by the gain on the sale of an international investment in 2007. Partially offsetting the decline in the three months ended June 30, 2008 were higher earnings at Vodafone Omnitel N.V. (Vodafone Omnitel). Equity in Earnings of Unconsolidated Businesses for the six months ended June 30, 2008 was also impacted by lower earnings at Vodafone Omnitel during the first three months of 2008. This excerpt taken from the VZ 10-Q filed Apr 29, 2008. Equity in Earnings of Unconsolidated Businesses
Equity in Earnings of Unconsolidated Businesses for the first quarter of 2008 decreased by $63 million, or 39.4% compared to the similar period last year primarily driven by lower earnings at Vodafone Omnitel N.V. (Vodafone Omnitel). These excerpts taken from the VZ 10-K filed Feb 28, 2008. Equity in Earnings of Unconsolidated Businesses
Equity in earnings of unconsolidated businesses decreased by $188 million, or 24.3% in 2007 compared to 2006. The decrease is primarily driven by the nationalization of Compañía Anónima Nacional Teléfonos de Venezuela (CANTV) during 2007, as well as the effect of lower tax benefits at Vodafone Omnitel N.V. (Vodafone Omnitel).
Equity in earnings of unconsolidated businesses increased by $87 million, or 12.7% in 2006 compared to 2005. The increase is primarily due to additional pension liabilities that CANTV recognized in 2005, as well as the effect of favorable operating results and lower taxes in 2006. In addition, the increase reflects our proportionate share, or $85 million, of a tax benefit at Vodafone Omnitel in the third quarter of 2006, partially offset by a similar benefit recorded in the third quarter of 2005 of $76 million. This was offset by lower tax benefits and lower operating results at Vodafone Omnitel.
Equity in Earnings of
Equity in earnings of
Other Income and
Other Income and (Expense), Net in 2006 increased | EXCERPTS ON THIS PAGE:
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