## SUBTRACTING THE DEPRECIATION & AMORTIZATION, S WOULD MADE .22/SHARE pos net income..

Depreciation 1,481

Amortization 321

suntracting that $1,802 billion, your total net operating expenses would be $6,610 billion instead of $8,412 billion.

Now taking the Net Operating Revenues $7,868b and subtraction the net operating expenses of $6,610b, we get a profit of $1,258 billion.

From that we subtract the interest expense of $359m, and the 'other net loss' of $93m, we have a net income of

$806 million for the quarter.

Now as far as income taxes go, I am not too sure on that since the sprint has a hugh caryforward loss. But assuming that doesn't apply, we add back the income tax benefit of $16m, we then get $790m net income.

Then again assuming $150m in income taxes (without any carryforward loss, we get $640 million after taxes.

$640 million divided by the weighted average common shares outstanding 2.9 billion = .22/share positive net income. Which is pretty close to that positive cash flow of $666 million. So, I must be a little off on that income taxes.

joey

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