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VERIZON COMM   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Operating Revenues------------------115,846.00
Operating Revenues-Service revenues and other110,449.00109,872.00110,305.00108,605.00107,145.00108,468.00114,696.00116,122.00112,454.00--
Operating Revenues-Wireless equipment revenues23,164.0018,420.0021,563.0022,258.0018,889.0017,512.0016,924.0010,957.008,096.00--
Total Revenues133,613.00128,292.00131,868.00130,863.00126,034.00125,980.00131,620.00127,079.00120,550.00115,846.00
Cost of services and sales31,234.0031,401.0031,772.0032,185.0030,916.0030,463.0029,438.0028,306.0028,534.0046,275.00
Wireless cost of equipment25,067.0019,800.0022,954.0023,323.0022,147.0022,238.0023,119.0021,625.0016,353.00--
Operations and support expense--------------------
Depreciation and amortization expense16,206.0016,720.0016,682.0017,403.0016,954.0015,928.0016,017.0016,533.0016,606.0016,460.00
Oath goodwill impairment----186.004,591.00--0.00--------
Selling, general and administrative expense28,658.0031,573.0029,896.0031,083.0028,592.0028,102.0029,986.0041,016.0027,089.0039,951.00
Sales of businesses, net--------------------
Sales of assets, net--------------------
Total Operating Expenses101,165.0099,494.00101,490.00108,585.0098,609.0096,731.0098,560.00107,480.0088,582.00102,686.00
Operating income (loss)32,448.0028,798.0030,378.0022,278.0027,425.0029,249.0033,060.0019,599.0031,968.0013,160.00
Interest expense3,485.004,247.004,730.004,833.004,733.004,376.004,920.004,915.002,667.002,571.00
Income from other unconsolidated businesses--------------------
Equity in income (loss) from unconsolidated businesses145.00(45.00)(15.00)(186.00)(77.00)(98.00)(86.00)1,780.00142.00324.00
Other income and (expense), net312.00(539.00)(2,900.00)2,364.00(2,021.00)(3,789.00)186.00(1,194.00)(166.00)(1,016.00)
Minority interest--------------------
Mark-to-market adjustment - financial instruments--------------------
Income before provision for income taxes29,420.0023,967.0022,733.0019,623.0020,594.0020,986.0028,240.0015,270.0029,277.009,897.00
Provision for income taxes6,802.005,619.002,945.003,584.00(9,956.00)7,378.009,865.003,314.005,730.00(660.00)
Investment tax credits--------------------
CurrentFederal1,876.002,826.00518.002,187.003,630.007,451.005,476.002,657.00(197.00)223.00
CurrentForeign248.00159.00221.00267.00200.00148.0070.0081.00(59.00)(45.00)
CurrentState and local------741.00677.00842.00803.00668.00201.00114.00
DeferredFederal3,354.001,432.001,150.00175.00(14,360.00)(933.00)3,377.00(51.00)5,060.00(559.00)
DeferredForeign(97.00)1.00(13.00)30.00(66.00)(2.00)9.00(9.00)8.0010.00
DeferredState and local------184.00(37.00)(128.00)130.00(32.00)717.00(403.00)
Other credits--------------------
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 Adjustments22,618.0018,348.0019,788.0016,039.0030,550.0013,608.0018,375.0011,956.0023,547.0010,557.00
Net income attributable to noncontrolling interest553.00547.00523.00511.00449.00481.00496.002,331.0012,050.009,682.00
Redemption of subsidiary preferred stock--------------------
Net income22,065.0017,801.0019,265.0015,528.0030,101.0013,127.0017,879.009,625.0011,497.00875.00
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 Share5.324.304.663.767.373.224.382.424.010.31
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 Share5.324.304.653.767.363.214.372.424.000.31
Weighted-average shares outstanding - Basic4,148.004,140.004,138.004,128.004,084.004,080.004,085.003,974.002,866.002,853.00
Weighted-average shares outstanding - Diluted4,150.004,142.004,140.004,132.004,089.004,086.004,093.003,981.002,874.002,862.00