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: 2009 | |||
Statement Of Income Alternative | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Operating Revenues | $ 107,808 | 97,354 | 93,469 |
| Operating Expenses | |||
| Cost of services and sales (exclusive of items shown below) | 44,299 | 39,007 | 37,547 |
| Selling, general and administrative expense | 32,950 | 26,898 | 25,967 |
| Depreciation and amortization expense | 16,532 | 14,565 | 14,377 |
| Total Operating Expenses | 93,781 | 80,470 | 77,891 |
| Operating Income | 14,027 | 16,884 | 15,578 |
| Equity in earnings of unconsolidated businesses | 553 | 567 | 585 |
| Other income and (expense), net | 90 | 282 | 211 |
| Interest expense | (3,102) | (1,819) | (1,829) |
| Income Before Provision for Income Taxes, Discontinued Operations and Extraordinary Item | 11,568 | 15,914 | 14,545 |
| Provision for income taxes | (1,210) | (3,331) | (3,982) |
| Income Before Discontinued Operations and Extraordinary Item | 10,358 | 12,583 | 10,563 |
| Income from discontinued operations, net of tax | 0 | 0 | 142 |
| Extraordinary item, net of tax | 0 | 0 | (131) |
| Net Income | 10,358 | 12,583 | 10,574 |
| Net income attributable to noncontrolling interest | 6,707 | 6,155 | 5,053 |
| Net income attributable to Verizon | 3,651 | 6,428 | 5,521 |
| Net Income | 10,358 | 12,583 | 10,574 |
| Basic Earnings Per Common Share | |||
| Income before discontinued operations and extraordinary item attributable to Verizon | 1.29 | 2.26 | 1.90 |
| Income from discontinued operations attributable to Verizon, net of tax | 0.00 | 0.00 | 0.05 |
| Extraordinary item attributable to Verizon, net of tax | 0.00 | 0.00 | (0.05) |
| Net Income attributable to Verizon | 1.29 [1] | 2.26 | 1.91 |
| Weighted-average shares outstanding (in millions) | 2,841 | 2,849 | 2,898 |
| Diluted Earnings Per Common Share | |||
| Income before discontinued operations and extraordinary item attributable to Verizon | 1.29 | 2.26 | 1.90 |
| Income from discontinued operations attributable to Verizon, net of tax | 0.00 | 0.00 | 0.05 |
| Extraordinary item attributable to Verizon, net of tax | 0.00 | 0.00 | (0.05) |
| Net Income attributable to Verizon | 1.29 | 2.26 | 1.90 |
| Weighted-average shares outstanding (in millions) | 2,841 | 2,850 | 2,902 |
| [1] Total per share amounts may not add due to rounding | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2009 | |||
Statement Of Cash Flows Indirect | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 10,358 | 12,583 | 10,574 |
| Adjustments to reconcile net income to net cash provided by operating activities - continuing operations: | |||
| Depreciation and amortization expense | 16,532 | 14,565 | 14,377 |
| Employee retirement benefits | 5,095 | 1,955 | 1,720 |
| Deferred income taxes | 1,384 | 2,183 | 408 |
| Provision for uncollectible accounts | 1,306 | 1,085 | 1,047 |
| Equity in earnings of unconsolidated businesses, net of dividends received | 389 | 212 | 1,986 |
| Extraordinary item, net of tax | 0 | 0 | 131 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses: | |||
| Accounts receivable | (1,393) | (1,085) | (1,931) |
| Inventories | 235 | (188) | (255) |
| Other assets | (102) | (59) | (140) |
| Accounts payable and accrued liabilities | (1,251) | (1,701) | (567) |
| Other, net | (988) | (1,993) | 59 |
| Net cash provided by operating activities - continuing operations | 31,565 | 27,557 | 27,409 |
| Net cash used in operating activities - discontinued operations | 0 | 0 | (570) |
| Net cash provided by operating activities | 31,565 | 27,557 | 26,839 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (17,047) | (17,238) | (17,538) |
| Acquisitions of licenses, investments and businesses, net of cash acquired | (5,958) | (15,904) | (763) |
| Net change in short-term investments | 84 | 1,677 | 169 |
| Other, net | (410) | (114) | 1,267 |
| Net cash used in investing activities - continuing operations | (23,331) | (31,579) | (16,865) |
| Net cash provided by investing activities - discontinued operations | 0 | 0 | 757 |
| Net cash used in investing activities | (23,331) | (31,579) | (16,108) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 12,040 | 21,598 | 3,402 |
| Repayments of long-term borrowings and capital lease obligations | (19,260) | (4,146) | (5,503) |
| Increase (decrease) in short-term obligations, excluding current maturities | (1,652) | 2,389 | (3,252) |
| Dividends paid | (5,271) | (4,994) | (4,773) |
| Proceeds from sale of common stock | 0 | 16 | 1,274 |
| Purchase of common stock for treasury | 0 | (1,368) | (2,843) |
| Other, net | (1,864) | (844) | (1,102) |
| Net cash provided by (used in) financing activities - continuing operations | (16,007) | 12,651 | (12,797) |
| Net cash used in financing activities - discontinued operations | 0 | 0 | 0 |
| Net cash provided by (used in) financing activities | (16,007) | 12,651 | (12,797) |
| Increase (decrease) in cash and cash equivalents | (7,773) | 8,629 | (2,066) |
| Cash and cash equivalents, beginning of year | 9,782 | 1,153 | |
| Cash and cash equivalents, end of year | 2,009 | 9,782 | 1,153 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
VERIZON COMMUNICATIONS INC | ||
Ticker: VZ Fiscal Year: 2009 | ||
Statement Of Financial Position Classified | ||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Dec 31, 2008 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 2,009 | 9,782 |
| Short-term investments | 490 | 509 |
| Accounts receivable, net of allowances of $976 and $941 | 12,573 | 11,703 |
| Inventories | 2,289 | 2,092 |
| Prepaid expenses and other | 5,247 | 1,989 |
| Total current assets | 22,608 | 26,075 |
| Plant, property and equipment | 228,518 | 215,605 |
| Less accumulated depreciation | 137,052 | 129,059 |
| Plant, property and equipment, net | 91,466 | 86,546 |
| Investments in unconsolidated businesses | 3,535 | 3,393 |
| Wireless licenses | 72,067 | 61,974 |
| Goodwill | 22,472 | 6,035 |
| Other intangible assets, net | 6,764 | 5,199 |
| Other investments | 0 | 4,781 |
| Other assets | 8,339 | 8,349 |
| Total assets | 227,251 | 202,352 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Debt maturing within one year | 7,205 | 4,993 |
| Accounts payable and accrued liabilities | 15,223 | 13,814 |
| Other | 6,708 | 7,099 |
| Total current liabilities | 29,136 | 25,906 |
| Long-term debt | 55,051 | 46,959 |
| Employee benefit obligations | 32,622 | 32,512 |
| Deferred income taxes | 19,310 | 11,769 |
| Other liabilities | 6,765 | 6,301 |
| Equity | ||
| Series preferred stock ($.10 par value; none issued) | 0 | 0 |
| Common stock ($.10 par value; 2,967,610,119 shares issued in both periods) | 297 | 297 |
| Contributed capital | 40,108 | 40,291 |
| Reinvested earnings | 17,592 | 19,250 |
| Accumulated other comprehensive loss | (11,479) | (13,372) |
| Common stock in treasury, at cost | (5,000) | (4,839) |
| Deferred compensation - employee stock ownership plans and other | 88 | 79 |
| Noncontrolling interest | 42,761 | 37,199 |
| Total equity | 84,367 | 78,905 |
| Total liabilities and equity | 227,251 | 202,352 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2009 | |
| 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 |