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:
|mils of $s||mils of $s||mils of $s|
|Total of both||19,858||18,778||1,080||5.8%||7.2%||1.4%|