Notes to Consolidated Financial Statements

NOTE 17 (2 of 3)

The following table provides operating financial information for our two reportable segments:

(dollars in millions)

2007

LĂ­nea fija

 

Domestic Wireless

 

Total Segments

 

 

 

 

External revenues

$

49,059

 

$

43,777

 

$

92,836

 

Intersegment revenues

 

1,257

 

 

105

 

 

1,362

 

Total operating revenues

 

50,316

 

 

43,882

 

 

94,198

 

Cost of services and sales

 

25,220

 

 

13,456

 

 

38,676

 

Selling, general & administrative expense

 

11,236

 

 

13,477

 

 

24,713

 

Depreciation & amortization expense

 

9,184

 

 

5,154

 

 

14,338

 

Total operating expenses

 

45,640

 

 

32,087

 

 

77,727

 

Operating income

 

4,676

 

 

11,795

 

 

16,471

 

Equity in earnings of unconsolidated businesses

 

 

 

32

 

 

32

 

Other income and (expense), net

 

206

 

 

(3

)

 

203

 

Interest expense

 

(2,032

)

 

(251

)

 

(2,283

)

Minority interest

 

 

 

(5,053

)

 

(5,053

)

Provision for income taxes

 

(1,344

)

 

(2,726

)

 

(4,070

)

Segment income

$

1,506

 

$

3,794

 

$

5,300

 

 

 

 

Assets

$

92,264

 

$

83,755

 

$

176,019

 

Plant, property and equipment, net

 

58,702

 

 

25,971

 

 

84,673

 

Capital expenditures

 

10,956

 

 

6,503

 

 

17,459

 

 

 

 

2006

 

 

 

 

 

External revenues

$

49,555

 

$

37,930

 

$

87,485

 

Intersegment revenues

 

1,173

 

 

113

 

 

1,286

 

Total operating revenues

 

50,728

 

 

38,043

 

 

88,771

 

Cost of services and sales

 

24,767

 

 

11,491

 

 

36,258

 

Selling, general & administrative expense

 

11,820

 

 

12,039

 

 

23,859

 

Depreciation & amortization expense

 

9,590

 

 

4,913

 

 

14,503

 

Total operating expenses

 

46,177

 

 

28,443

 

 

74,620

 

Operating income

 

4,551

 

 

9,600

 

 

14,151

 

Equity in earnings of unconsolidated businesses

 

 

 

19

 

 

19

 

Other income and (expense), net

 

250

 

 

4

 

 

254

 

Interest expense

 

(2,062

)

 

(452

)

 

(2,514

)

Minority interest

 

 

 

(4,038

)

 

(4,038

)

Provision for income taxes

 

(1,114

)

 

(2,157

)

 

(3,271

)

Segment income

$

1,625

 

$

2,976

 

$

4,601

 

 

 

 

Assets

$

92,274

 

$

81,989

 

$

174,263

 

Plant, property and equipment, net

 

57,031

 

 

24,659

 

 

81,690

 

Capital expenditures

 

10,259

 

 

6,618

 

 

16,877

 

 

 

 

2005

 

 

 

 

 

External revenues

$

36,628

 

$

32,219

 

$

68,847

 

Intersegment revenues

 

988

 

 

82

 

 

1,070

 

Total operating revenues

 

37,616

 

 

32,301

 

 

69,917

 

Cost of services and sales

 

15,813

 

 

9,393

 

 

25,206

 

Selling, general & administrative expense

 

8,210

 

 

10,768

 

 

18,978

 

Depreciation & amortization expense

 

8,801

 

 

4,760

 

 

13,561

 

Total operating expenses

 

32,824

 

 

24,921

 

 

57,745

 

Operating income

 

4,792

 

 

7,380

 

 

12,172

 

Equity in earnings of unconsolidated businesses

 

 

 

27

 

 

27

 

Other income and (expense), net

 

79

 

 

6

 

 

85

 

Interest expense

 

(1,701

)

 

(601

)

 

(2,302

)

Minority interest

 

 

 

(2,995

)

 

(2,995

)

Provision for income taxes

 

(1,264

)

 

(1,598

)

 

(2,862

)

Segment income

$

1,906

 

$

2,219

 

$

4,125

 

 

 

 

Assets

$

75,188

 

$

76,729

 

$

151,917

 

Plant, property and equipment, net

 

49,618

 

 

22,790

 

 

72,408

 

Capital expenditures

 

8,267

 

 

6,484

 

 

14,751