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Period
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VERIZON COMM   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2023202220212020201920182017201620152014
Period End Date12/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/2014
Operating Revenues------------------127,079.00
Operating Revenues-Service revenues and other109,652.00109,625.00110,449.00109,872.00110,305.00108,605.00107,145.00108,468.00114,696.00--
Operating Revenues-Wireless equipment revenues24,322.0027,210.0023,164.0018,420.0021,563.0022,258.0018,889.0017,512.0016,924.00--
Total Revenues133,974.00136,835.00133,613.00128,292.00131,868.00130,863.00126,034.00125,980.00131,620.00127,079.00
Cost of services and sales28,100.0028,637.0031,234.0031,401.0031,772.0032,185.0029,409.0029,186.0029,438.0049,931.00
Wireless cost of equipment26,787.0030,496.0025,067.0019,800.0022,954.0023,323.0022,147.0022,238.0023,119.00--
Operations and support expense--------------------
Depreciation and amortization expense17,624.0017,099.0016,206.0016,720.0016,682.0017,403.0016,954.0015,928.0016,017.0016,533.00
Oath goodwill impairment--------186.004,591.00--------
Verizon Business Group goodwill impairment5,841.00------------------
Selling, general and administrative expense32,745.0030,136.0028,658.0031,573.0029,896.0031,083.0030,110.0031,569.0029,986.0041,016.00
Sales of businesses, net--------------------
Sales of assets, net--------------------
Total Operating Expenses111,097.00106,368.00101,165.0099,494.00101,490.00108,585.0098,620.0098,921.0098,560.00107,480.00
Operating income (loss)22,877.0030,467.0032,448.0028,798.0030,378.0022,278.0027,414.0027,059.0033,060.0019,599.00
Interest expense5,524.003,613.003,485.004,247.004,730.004,833.004,733.004,376.004,920.004,915.00
Income from other unconsolidated businesses--------------------
Equity in income (loss) from unconsolidated businesses(53.00)44.00145.00(45.00)(15.00)(186.00)(77.00)(98.00)(86.00)1,780.00
Other income and (expense), net(313.00)1,373.00312.00(539.00)(2,900.00)2,364.00(2,010.00)(1,599.00)186.00(1,194.00)
Minority interest--------------------
Mark-to-market adjustment - financial instruments--------------------
Income before provision for income taxes16,987.0028,271.0029,420.0023,967.0022,733.0019,623.0020,594.0020,986.0028,240.0015,270.00
Provision for income taxes4,892.006,523.006,802.005,619.002,945.003,584.00(9,956.00)7,378.009,865.003,314.00
Income (loss) on discontinued operations, net of tax--------------------
Income Before Extraordinary Items and Cumulative Effect of Accounting Change--------------------
Extraordinary items, net of tax--------------------
Cumulative Effect of Accounting Change, Net of Tax--------------------
Net Income (Loss) Before Preferred Stock Dividand & Others Adjustments12,095.0021,748.0022,618.0018,348.0019,788.0016,039.0030,550.0013,608.0018,375.0011,956.00
Net income attributable to noncontrolling interest481.00492.00553.00547.00523.00511.00449.00481.00496.002,331.00
Net income11,614.0021,256.0022,065.0017,801.0019,265.0015,528.0030,101.0013,127.0017,879.009,625.00
Income before discontinued operations and cumulative effectof accounting change--------------------
Income (loss) on discontinued operations, net of tax--------------------
Cumulative effect of accounting change, net of tax--------------------
Extraordinary items, net of tax--------------------
Basic Earnings per Common Share2.765.065.324.304.663.767.373.224.382.42
Income before discontinued operations and cumulative effect of accounting change--------------------
Income (loss) on discontinued operations, net of tax--------------------
Cumulative effect of accounting change, net of tax--------------------
Extraordinary items, net of tax--------------------
Diluted Earnings per Common Share2.755.065.324.304.653.767.363.214.372.42
Weighted-average shares outstanding - Basic4,211.004,202.004,148.004,140.004,138.004,128.004,084.004,080.004,085.003,974.00
Weighted-average shares outstanding - Diluted4,215.004,204.004,150.004,142.004,140.004,132.004,089.004,086.004,093.003,981.00