10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2022 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating Revenues | |||
| Operating Revenues | $ 136,835 | 133,613 | 128,292 |
| Operating Expenses | |||
| Selling, general and administrative expense | 30,136 | 28,658 | 31,573 |
| Depreciation and amortization expense | 17,099 | 16,206 | 16,720 |
| Total Operating Expenses | 106,368 | 101,165 | 99,494 |
| Operating Income | 30,467 | 32,448 | 28,798 |
| Equity in earnings (losses) of unconsolidated businesses | 44 | 145 | (45) |
| Other income (expense), net | 1,373 | 312 | (539) |
| Interest expense | (3,613) | (3,485) | (4,247) |
| Income Before Provision For Income Taxes | 28,271 | 29,420 | 23,967 |
| Provision for income taxes | (6,523) | (6,802) | (5,619) |
| Net Income | 21,748 | 22,618 | 18,348 |
| Net income attributable to noncontrolling interests | 492 | 553 | 547 |
| Net income attributable to Verizon | 21,256 | 22,065 | 17,801 |
| Net Income | 21,748 | 22,618 | 18,348 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon (in USD per share) | 5.06 | 5.32 | 4.30 |
| Weighted-average shares outstanding (in shares) | 4,202 | 4,148 | 4,140 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon (in USD per share) | 5.06 | 5.32 | 4.30 |
| Weighted-average shares outstanding (in shares) | 4,204 | 4,150 | 4,142 |
| Product and Service | |||
| Service revenues and other | |||
| Operating Revenues | 109,625 | 110,449 | 109,872 |
| Wireless equipment | |||
| Operating Revenues | 27,210 | 23,164 | 18,420 |
| Cost of services and equipment | 30,496 | 25,067 | 19,800 |
| Service | |||
| Cost of services and equipment | 28,637 | 31,234 | 31,401 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2022 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |