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VZ » Topics » Selling, General and Administrative Expenses

These excerpts taken from the VZ 10-Q filed May 11, 2009.

Selling, General and Administrative Expenses

Selling, general and administrative expenses in the first quarter of 2009 increased by $913 million, or 25.9%, compared to the similar period in 2008. This increase was primarily due to the inclusion of the operating results of Alltel, as well as an increase in sales commission expense in our indirect channel, primarily from increased equipment upgrades and gross customer additions as well as an increase in the indirect commission rates.

Selling, General and Administrative Expenses

Selling, general and administrative expenses in the first quarter of 2009 increased $70 million, or 2.6%, compared to the similar period in 2008 primarily due to higher information systems related costs. Partially offsetting the increase were declines in compensation expense and cost reduction initiatives as a result of lower headcount as well as favorable foreign exchange movements.

EXCERPTS ON THIS PAGE:

10-Q (2 sections)
May 11, 2009

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