US Big Communication Corps 2012 Annual Earnings Up 5.8% and EPS Up a Higher 7.2%

I found 2 US Big Communication Corps filing with the SEC which generated Non-GAAP Adjusted After-tax Net Income of over $1 bil each in either annual 2012 or annual 2011.

Non-GAAP Adjusted After-tax Net Income, which is generally used by the investment community to value common stocks, was used when this amount was disclosed in the company's earnings release, and it excludes Special, Unusual Items which are significant in amount relative to Reported GAAP Net Income.

The Total Non-GAAP Adjusted After-tax Net Income of these 2 US Big Communication Corps was $19.9 bil in annual 2012, up 5.8% from annual  2011.  On an Earnings Per Share basis, they experienced a bit higher 7.2% growth due to the larger earning AT&T having heavy common stock buybacks.

Below here is the Non-GAAP Adjusted After-tax Net Income for both annual 2012 and 2011 for both of these US Big Communication Corps:

							Non-GAAP
							EPS
				Non-GAAP	Non-GAAP		Growth
		Annual	Annual	Adjusted	Adjusted	Non-GAAP	Over
		2012	2011	Net	Net	Adjusted	Earnings
		Non-GAAP	Non-GAAP	Income	Income	EPS	Growth
		Adjusted	Adjusted	Increase	Increase	Increase	Positive
		Net	Net	(Decrease)	(Decrease)	(Decrease)	%
Company		Income	Income	Amount	%	%	Spread
		mils of $s	mils of $s	mils of $s
Communications
AT&T		13,447	12,674	773	6.1%	8.5%	2.4%
Verizon		6,411	6,104	307	5.0%	4.2%	-0.8%
Total of both		19,858	18,778	1,080	5.8%	7.2%	1.4%