I found 13 Big Telecommunication Corps with Pretax Income of at least $100 mil in the most recent quarter.
These 13 Big Telecommunication Corps generated Total Pretax Income growth of 10% in the 2Q 2011, driven mainly by Comcast and by Verizon Communications.
Below here are these 2Q 2011 Pretax Earnings (PTI), along with a comparison with the prior year’s quarter amounts.
...........................................................................Increase
................................................PTI........PTI.......(Decrease)
.................................................2Q.........2Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)
AT&T(1).........................GA....5,551....5,600.......(49).....-1%
Verizon Comm(2)..........NY....4,306....3,771.......535.....14%
Comcast.........................PA....2,381....1,474.......907.....62%
NII Holdings..................VA......226.......149.........77.....52%
American Tower............MA......179......130..........49.....38%
CenturyLink...................LA.......165......387.......(222)...-57%
Liberty Global(3)...........CO.......153.........14........139....993%
Windstream...................AR.......151.......130.........21.....16%
METROPCS(4)................TX.......144.......133..........11.......8%
Telephone&Data Sys(5)..IL.......107.........84.........23.....27%
US Cellular(6).................IL.......101.........74.........27.....36%
Qwest Comm..................CO.......(34)......266......(300)...-113%
Sprint Nextel.................KS......(748).....(713)......(35)......5%
Total all 13...........................12,682...11,499.....1,183.....10%
(1) AT&T 2010 PTI excludes Gain on Telmex Intl Exchange.
(2) Verizon Communications 2010 PTI excludes Pension Curtailment Charge of 854, Pension Accounting Remeasurement Charge of 563, Health Care and Life Curtailment Charge of 386, Health Care and Life Accounting Remeasurement of 1,100, and Severance Charge of 1,000. Whew, total one-time charges here of more than $3.9 bil.
(3) Liberty Global PTI in both exclude Derivative Gains and Losses, Foreign Currency Gains and Losses, Change in Fair Value of Investments and Debt, and Gains and Losses on Debt Extinguishment.
(4) METROPCS 2011 PTI excludes Loss on Debt Extinguishment.
(5) Telephone & Data Systems 2011 PTI excludes Gain on Investment.
(6) US Cellular 2011 PTI excludes Gain on Investment.
