Exhibit 99.2
Reconciliation of GAAP Reported and Operating Earnings per Share
2000 Reported EPS | $ | 2.87 | ||||||
Change in common shares | (1.06 | ) | ||||||
Extraordinary items | (0.07 | ) | ||||||
Cumulative effect of accounting change | 0.01 | |||||||
Unicom pre-merger results | 1.58 | |||||||
Merger-related costs | 0.68 | |||||||
Pro forma merger accounting adjustments | (0.15 | ) | ||||||
2000 Pro Forma Operating EPS | $ | 3.86 | ||||||
2001 Reported EPS | $ | 4.43 | ||||||
Cumulative effect of adopting SFAS 133 | (0.04 | ) | ||||||
Employee severance cost | 0.09 | |||||||
Litigation reserves | 0.03 | |||||||
Net loss on investments | 0.02 | |||||||
CTC prepayment | (0.02 | ) | ||||||
Wholesale rate settlement | (0.01 | ) | ||||||
Settlement of transition bond swap | (0.01 | ) | ||||||
2001 Pro Forma Operating EPS | $ | 4.49 | ||||||
2002 Reported EPS | $ | 4.44 | ||||||
Transition loss on implementation of FAS 141 and 142 | 0.71 | |||||||
Gain on sale of AT&T Wireless | (0.36 | ) | ||||||
Employee severance costs | 0.04 | |||||||
2002 Pro Forma Operating EPS | $ | 4.83 |