AT&T (T) 8-K Consolidated Statements of Income

Exhibit 99c

AT&T INC.

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF INCOME

FOR THE YEAR ENDED DECEMBER 31, 2005

Dollars in millions

		Historical				Pro Forma
		AT&T		ATTC 1		Adjustments			Combined
Total Operating Revenues	$	43,862	$	23,876	$	(1,677)	2	$	66,019
						(167)	3
						125	3
Total Operating Expenses		37,694		20,740		(1,411)	4		57,023
Operating Income		6,168		3,136		(308)			8,996
Interest expense		1,456		621		(85)	5		1,992
Other income (expense) – net		1,006		(26)		-			980
Income Before Income Taxes		5,718		2,489		(223)			7,984
Provision (benefit) for       income taxes		932		970		(85)	6		1,817
Net Income	$	4,786	$	1,519	$	(138)		$	6,167

Depreciation and amortization expense included in Total Operating Expenses was $10,188 and includes adjustments to eliminate historical ATTC depreciation and amortization expense and to record pro forma amortization expense on intangible assets

¹ AT&T Corp. (ATTC) results prior to November 18, 2005 acquisition (January 1 through November 18, 2005)

² Elimination of intercompany revenues

³ Reclassification of universal service fund (USF)

⁴ Elimination of intercompany expenses, adjustments resulting from the fair value of ATTC assets and the reclassification of USF

⁵ Reduction in interest expense due to the fair value adjustment of ATTC’s debt

⁶ Aggregate pro forma income tax effect of notes 2 through 5 at AT&T’s marginal tax rate

AT&T INC.
UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF INCOME FOR THE QUARTERS AND YEAR ENDED 2005 Dollars in millions
	For the Quarter Ended									For the Year Ended
		Mar 31,		Jun 30,		Sep 30,		Dec 31,
Total Operating Revenues	$	16,670	$	16,602	$	16,468	$	16,279	$	66,019
Total Operating Expenses		14,223		14,371		13,635		14,794		57,023
Operating Income		2,447		2,231		2,833		1,485		8,996
Interest expense		530		493		489		480		1,992
Other income (expense) – net		128		175		242		435		980
Income Before Income Taxes		2,045		1,913		2,586		1,440		7,984
Provision (benefit) for income taxes		726		656		857		(422)		1,817
Net Income	$	1,319	$	1,257	$	1,729	$	1,862	$	6,167
Depreciation and amortization expense       included in Total Operating Expenses	$	2,607	$	2,563	$	2,529	$	2,489	$	10,188

AT&T INC.

PRO FORMA RESTATED CONSOLIDATED REVENUE BY PRODUCT SUPPLEMENTAL DETAIL

FOR THE QUARTERS AND YEAR ENDED 2005

Dollars in millions

		For the Quarter Ended								For the
		Mar 31,		Jun 30,		Sep 30,		Dec 31,		Year Ended
Operating Revenues
Voice	$	9,550	$	9,375	$	9,212	$	9,006	$	37,143
Data		4,330		4,355		4,423		4,428		17,536
Directory		905		901		917		902		3,625
Other		1,885		1,971		1,916		1,943		7,715
Total Operating Revenues	$	16,670	$	16,602	$	16,468	$	16,279	$	66,019

AT&T INC.
PRO FORMA SEGMENT REVENUES
FOR THE QUARTERS AND YEAR ENDED 2005
Dollars in millions
		For the Quarter Ended								For the
		Mar 31,		Jun 30,		Sep 30,		Dec 31,	Year Ended
Wireline AT&T Inc.	$	9,182	$	9,257	$	9,229	$	11,855	$	39,523
Wireline AT&T Corp. (Consumer & Business)		7,004		6,748		6,608		3,472		23,832
Adjustments		(582)		(474)		(460)		(159)		(1,675)
Wireline Segment Pro Forma	$	15,604		15,531		15,377		15,168		61,680
Cingular Segment Revenues	$	8,229	$	8,609	$	8,746	$	8,849	$	34,433
Directory Segment Revenues	$	929	$	925	$	932	$	928	$	3,714
Other AT&T Inc. Segment	$	169	$	178	$	182	$	216	$	745
Other AT&T Corp. Segment		11		12		12		9		44
Adjustments		(11)		(12)		(12)		(9)		(44)
Other Segment Pro Forma	$	169	$	178	$	182	$	216	$	745
Cingular Segment Elimination	$	(8,229)	$	(8,609)	$	(8,746)	$	(8,849)	$	(34,433)
Eliminations and Other      Adjustments	$	(32)	$	(32)	$	(23)	$	(33)	$	(120)
Total Operating Revenues	$	16,670	$	16,602	$	16,468	$	16,279	$	66,019

AT&T INC.

PRO FORMA RESTATED WIRELINE REVENUE BY PRODUCT SUPPLEMENTAL DETAIL

FOR THE QUARTERS AND YEAR ENDED 2005

Dollars in millions

		For the Quarter Ended								For the
		Mar 31,		Jun 30,		Sep 30,		Dec 31,		Year Ended
Operating Revenues
Voice	$	9,550	$	9,375	$	9,212	$	9,006	$	37,143
Data		4,330		4,355		4,423		4,428		17,536
Transport		2,176		2,155		2,208		2,196		8,735
Packet-Switched		843		825		801		772		3,241
IP		1,311		1,375		1,414		1,460		5,560
Other		1,724		1,801		1,742		1,734		7,001
Total Operating Revenues		15,604		15,531		15,377		15,168		61,680

AT&T INC.

PRO FORMA RESTATED WIRELINE SEGMENT REVENUE BY CUSTOMER SUPPLEMENTAL DETAIL

FOR THE QUARTERS AND YEAR ENDED 2005

Dollars in millions

		For the Quarter Ended								For the
		Mar 31,		Jun 30,		Sep 30,		Dec 31,		Year Ended
Operating Revenues
Consumer In-region	$	3,570	$	3,588	$	3,668	$	3,673	$	14,499
Business In-region		1,860		1,945		1,951		1,957		7,713
Wholesale		2,979		2,897		2,968		3,025		11,869
Enterprise		4,792		4,796		4,671		4,582		18,841
National Mass Markets		2,045		1,942		1,818		1,652		7,457
Other		358		363		301		279		1,301
Total Operating Revenues	$	15,604	$	15,531	$	15,377	$	15,168	$	61,680