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VERIZON COMM   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Operating Revenues----------------115,846.00110,875.00
Operating Revenues-Service revenues and other109,872.00110,305.00108,605.00107,145.00108,468.00114,696.00116,122.00112,454.00----
Operating Revenues-Wireless equipment revenues18,420.0021,563.0022,258.0018,889.0017,512.0016,924.0010,957.008,096.00----
Total Revenues128,292.00131,868.00130,863.00126,034.00125,980.00131,620.00127,079.00120,550.00115,846.00110,875.00
Cost of services and sales31,401.0031,772.0032,185.0030,916.0030,463.0029,438.0028,306.0028,534.0046,275.0045,875.00
Wireless cost of equipment19,800.0022,954.0023,323.0022,147.0022,238.0023,119.0021,625.0016,353.00----
Operations and support expense--------------------
Depreciation and amortization expense16,720.0016,682.0017,403.0016,954.0015,928.0016,017.0016,533.0016,606.0016,460.0016,496.00
Oath goodwill impairment--186.004,591.00--0.00----------
Selling, general and administrative expense31,573.0029,896.0031,083.0028,592.0028,102.0029,986.0041,016.0027,089.0039,951.0035,624.00
Sales of businesses, net--------------------
Sales of assets, net--------------------
Total Operating Expenses99,494.00101,490.00108,585.0098,609.0096,731.0098,560.00107,480.0088,582.00102,686.0097,995.00
Operating income (loss)28,798.0030,378.0022,278.0027,425.0029,249.0033,060.0019,599.0031,968.0013,160.0012,880.00
Interest expense4,247.004,730.004,833.004,733.004,376.004,920.004,915.002,667.002,571.002,827.00
Income from other unconsolidated businesses--------------------
Equity in income (loss) from unconsolidated businesses(45.00)(15.00)(186.00)(77.00)(98.00)(86.00)1,780.00142.00324.00444.00
Other income and (expense), net(539.00)(2,900.00)2,364.00(2,021.00)(3,789.00)186.00(1,194.00)(166.00)(1,016.00)(14.00)
Minority interest--------------------
Mark-to-market adjustment - financial instruments--------------------
Income before provision for income taxes23,967.0022,733.0019,623.0020,594.0020,986.0028,240.0015,270.0029,277.009,897.0010,483.00
Provision for income taxes5,619.002,945.003,584.00(9,956.00)7,378.009,865.003,314.005,730.00(660.00)285.00
Investment tax credits--------------------
CurrentFederal2,826.00518.002,187.003,630.007,451.005,476.002,657.00(197.00)223.00193.00
CurrentForeign159.00221.00267.00200.00148.0070.0081.00(59.00)(45.00)25.00
CurrentState and local1,081.00974.00741.00677.00842.00803.00668.00201.00114.00290.00
DeferredFederal1,432.001,150.00175.00(14,360.00)(933.00)3,377.00(51.00)5,060.00(559.00)270.00
DeferredForeign1.00(13.00)30.00(66.00)(2.00)9.00(9.00)8.0010.00(38.00)
DeferredState and local120.0095.00184.00(37.00)(128.00)130.00(32.00)717.00(403.00)(455.00)
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 Adjustments18,348.0019,788.0016,039.0030,550.0013,608.0018,375.0011,956.0023,547.0010,557.0010,198.00
Net income attributable to noncontrolling interest547.00523.00511.00449.00481.00496.002,331.0012,050.009,682.007,794.00
Redemption of subsidiary preferred stock--------------------
Net income17,801.0019,265.0015,528.0030,101.0013,127.0017,879.009,625.0011,497.00875.002,404.00
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 Share4.304.663.767.373.224.382.424.010.310.85
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 Share4.304.653.767.363.214.372.424.000.310.85
Weighted-average shares outstanding - Basic4,140.004,138.004,128.004,084.004,080.004,085.003,974.002,866.002,853.002,833.00
Weighted-average shares outstanding - Diluted4,142.004,140.004,132.004,089.004,086.004,093.003,981.002,874.002,862.002,839.00