Exhibit II (D) 6 – Part B: Comparative Financial Analysis for Wireless Service Providers
AT&T
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Inventory line item missing from its annual reports
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2002
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2003
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2004
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2005
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2006
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T-Mobile
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Exchange Rate(1US$=1Euro)
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1.0483
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1.2557
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1.3644
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1.1844
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1.3203
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Ratio Category
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Ratio/Financial
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Liquidity Ratios
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Current Ratio
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2002
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2003
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2004
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2005
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2006
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INDUSTRY STANDARD
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Cingular
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Current Assets
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2,731
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3,300
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5,570
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6,049
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-
|
1.13
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Current Liabilities
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2,787
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3,210
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7,983
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10,008
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-
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Ratio
|
0.980
|
1.028
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0.698
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0.604
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-
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Verizon
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Current Assets
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3,070
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3,251
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4,102
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4,768
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-
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Current Liabilities
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11,534
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10,859
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13,928
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7,782
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-
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Ratio
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0.266
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0.299
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0.295
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0.613
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-
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Sprint Nextel
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Current Assets
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4,650
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3,688
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5,207
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-
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-
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Current Liabilities
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2,756
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2,817
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2,609
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-
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-
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Ratio
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1.687
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1.309
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1.996
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-
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-
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T-Mobile
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Current Assets
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14,177
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24,682
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22,720
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19,742
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21,060
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Current Liabilities
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11,050
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13,123
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13,314
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29,560
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29,163
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Ratio
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1.283
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1.881
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1.706
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0.668
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0.722
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AT&T
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Current Assets
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14,089
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14,023
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9,962
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14,654
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25,553
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Current Liabilities
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14,683
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14,300
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20,355
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25,418
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40,482
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Ratio
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0.960
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0.981
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0.489
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0.577
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0.631
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Quick Ratio
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1
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Cingular
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Current Assets
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2,731
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3,300
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5,570
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6,049
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-
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Inventory
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126
|
273
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690
|
536
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-
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Current Liabilities
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2,787
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3,210
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7,983
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10,008
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-
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Ratio
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0.935
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0.943
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0.611
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0.551
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-
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Verizon
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Current Assets
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3,070
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3,251
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4,102
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4,768
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-
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Inventory
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331
|
432
|
666
|
901
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-
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Current Liabilities
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11,534
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10,859
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13,928
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7,782
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-
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Ratio
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0.237
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0.260
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0.247
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0.497
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-
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Sprint Nextel
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Current Assets
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4,650
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3,688
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5,207
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-
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-
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Inventory
|
245
|
223
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322
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-
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-
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Current Liabilities
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2,756
|
2,817
|
2,609
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-
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-
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Ratio
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1.598
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1.230
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1.872
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-
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-
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T-Mobile
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Current Assets
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14,177
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24,682
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22,720
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19,742
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21,060
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Inventory
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1,631
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1,798
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1,933
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1,299
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1,491
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Current Liabilities
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11,050
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13,123
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13,314
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29,560
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29,163
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Ratio
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1.135
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1.744
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1.561
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0.624
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0.671
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AT&T
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Current Assets
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14,683
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14,300
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20,355
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25,418
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40,482
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Inventory
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-
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-
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-
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-
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-
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Current Liabilities
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14,683
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14,300
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20,355
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25,418
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40,482
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Asset Turnover Ratio
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Ratio
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Inventory Turnover
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18
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Cingular
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COGS
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12,382
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13,323
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18,037
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32,609
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-
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Average Inventory
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-
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200
|
482
|
613
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-
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Ratio
|
-
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66.782
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37.460
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53.196
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-
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Verizon
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COGS
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15,985
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18,405
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21,824
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24,921
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-
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Average Inventory
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-
|
382
|
549
|
784
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-
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Ratio
|
-
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48.244
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39.752
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31.807
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-
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Sprint Nextel
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COGS
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7,204
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8,316
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10,085
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-
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-
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Average Inventory
|
253
|
382
|
549
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-
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-
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Ratio
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-
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21.798
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18.370
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-
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-
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T-Mobile
|
COGS
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46,625
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39,431
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43,039
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37,737
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45,887
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