Ticker
Reporting Basis
Period
From
To
Form Type
Report Format
Update Type

VERIZON COMM   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Operating Revenues--------------------
Operating Revenues-Service revenues and other111,571.00109,652.00109,625.00110,449.00109,872.00110,305.00108,605.00107,145.00108,468.00114,696.00
Operating Revenues-Wireless equipment revenues23,217.0024,322.0027,210.0023,164.0018,420.0021,563.0022,258.0018,889.0017,512.0016,924.00
Total Revenues134,788.00133,974.00136,835.00133,613.00128,292.00131,868.00130,863.00126,034.00125,980.00131,620.00
Cost of services and sales27,997.0028,100.0028,637.0031,234.0031,401.0031,772.0032,185.0029,409.0029,186.0029,438.00
Wireless cost of equipment26,100.0026,787.0030,496.0025,067.0019,800.0022,954.0023,323.0022,147.0022,238.0023,119.00
Operations and support expense--------------------
Depreciation and amortization expense17,892.0017,624.0017,099.0016,206.0016,720.0016,682.0017,403.0016,954.0015,928.0016,017.00
Oath goodwill impairment----------186.004,591.00------
Verizon Business Group goodwill impairment0.005,841.00----------------
Selling, general and administrative expense34,113.0032,745.0030,136.0028,658.0031,573.0029,896.0031,083.0030,110.0031,569.0029,986.00
Sales of businesses, net--------------------
Sales of assets, net--------------------
Total Operating Expenses106,102.00111,097.00106,368.00101,165.0099,494.00101,490.00108,585.0098,620.0098,921.0098,560.00
Operating income (loss)28,686.0022,877.0030,467.0032,448.0028,798.0030,378.0022,278.0027,414.0027,059.0033,060.00
Interest expense6,649.005,524.003,613.003,485.004,247.004,730.004,833.004,733.004,376.004,920.00
Income from other unconsolidated businesses--------------------
Equity in income (loss) from unconsolidated businesses(53.00)(53.00)44.00145.00(45.00)(15.00)(186.00)(77.00)(98.00)(86.00)
Other income and (expense), net995.00(313.00)1,373.00312.00(539.00)(2,900.00)2,364.00(2,010.00)(1,599.00)186.00
Minority interest--------------------
Mark-to-market adjustment - financial instruments--------------------
Income before provision for income taxes22,979.0016,987.0028,271.0029,420.0023,967.0022,733.0019,623.0020,594.0020,986.0028,240.00
Provision for income taxes5,030.004,892.006,523.006,802.005,619.002,945.003,584.00(9,956.00)7,378.009,865.00
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 Adjustments17,949.0012,095.0021,748.0022,618.0018,348.0019,788.0016,039.0030,550.0013,608.0018,375.00
Net income attributable to noncontrolling interest443.00481.00492.00553.00547.00523.00511.00449.00481.00496.00
Net income17,506.0011,614.0021,256.0022,065.0017,801.0019,265.0015,528.0030,101.0013,127.0017,879.00
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 Share4.152.765.065.324.304.663.767.373.224.38
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 Share4.142.755.065.324.304.653.767.363.214.37
Weighted-average shares outstanding - Basic4,218.004,211.004,202.004,148.004,140.004,138.004,128.004,084.004,080.004,085.00
Weighted-average shares outstanding - Diluted4,223.004,215.004,204.004,150.004,142.004,140.004,132.004,089.004,086.004,093.00