Tuesday, March 12, 2013

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:




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


AT&T 13,447 12,674 773 6.1% 8.5% 2.4%
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%