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: 2011 | |||
Consolidated Statements Of Income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Operating Revenues | $ 110,875 | 106,565 | 107,808 |
| Operating Expenses | |||
| Cost of services and sales (exclusive of items shown below) | 45,875 | 44,149 | 44,579 |
| Selling, general and administrative expense | 35,624 | 31,366 | 30,717 |
| Depreciation and amortization expense | 16,496 | 16,405 | 16,534 |
| Total Operating Expenses | 97,995 | 91,920 | 91,830 |
| Operating Income | 12,880 | 14,645 | 15,978 |
| Equity in earnings of unconsolidated businesses | 444 | 508 | 553 |
| Other income and (expense), net | (14) | 54 | 91 |
| Interest expense | (2,827) | (2,523) | (3,102) |
| Income Before Provision For Income Taxes | 10,483 | 12,684 | 13,520 |
| Provision for income taxes | (285) | (2,467) | (1,919) |
| Net Income | 10,198 | 10,217 | 11,601 |
| Net income attributable to noncontrolling interest | 7,794 | 7,668 | 6,707 |
| Net income attributable to Verizon | 2,404 | 2,549 | 4,894 |
| Net Income | 10,198 | 10,217 | 11,601 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon | 0.85 | 0.90 | 1.72 |
| Weighted-average shares outstanding (in millions) | 2,833 | 2,830 | 2,841 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon | 0.85 | 0.90 | 1.72 |
| Weighted-average shares outstanding (in millions) | 2,839 | 2,833 | 2,841 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2011 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Comprehensive Income | |||
| Net income | $ 10,198 | 10,217 | 11,601 |
| Other comprehensive income | 221 | 2,363 | 643 |
| Total Comprehensive Income | 10,419 | 12,580 | 12,244 |
| Comprehensive income attributable to noncontrolling interest | 7,795 | 7,633 | 6,810 |
| Comprehensive income attributable to Verizon | 2,624 | 4,947 | 5,434 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 10,198 | 10,217 | 11,601 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16,496 | 16,405 | 16,534 |
| Employee retirement benefits | 7,426 | 3,988 | 2,964 |
| Deferred income taxes | (223) | 3,233 | 2,093 |
| Provision for uncollectible accounts | 1,026 | 1,246 | 1,306 |
| Equity in earnings of unconsolidated businesses, net of dividends received | 36 | 2 | 389 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses | |||
| Accounts receivable | (966) | (859) | (1,393) |
| Inventories | 208 | 299 | 235 |
| Other assets | 86 | (313) | (102) |
| Accounts payable and accrued liabilities | (1,607) | 1,075 | (1,251) |
| Other, net | (2,900) | (1,930) | (986) |
| Net cash provided by operating activities | 29,780 | 33,363 | 31,390 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (16,244) | (16,458) | (16,872) |
| Acquisitions of licenses, investments and businesses, net of cash acquired | (2,018) | (1,438) | (5,958) |
| Proceeds from dispositions | 2,594 | ||
| Net change in short-term investments | 35 | (3) | 84 |
| Other, net | 977 | 251 | (410) |
| Net cash used in investing activities | (17,250) | (15,054) | (23,156) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 11,060 | 12,040 | |
| Repayments of long-term borrowings and capital lease obligations | (11,805) | (8,136) | (19,260) |
| Increase (decrease) in short-term obligations, excluding current maturities | 1,928 | (1,097) | (1,652) |
| Dividends paid | (5,555) | (5,412) | (5,271) |
| Proceeds from sale of common stock | 241 | ||
| Proceeds from access line spin-off | 3,083 | ||
| Other, net | (1,705) | (2,088) | (1,864) |
| Net cash used in financing activities | (5,836) | (13,650) | (16,007) |
| Increase (decrease) in cash and cash equivalents | 6,694 | 4,659 | (7,773) |
| Cash and cash equivalents, beginning of period | 6,668 | 2,009 | |
| Cash and cash equivalents, end of period | 13,362 | 6,668 | 2,009 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
VERIZON COMMUNICATIONS INC | ||
Ticker: VZ Fiscal Year: 2011 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| Assets | ||
| Cash and cash equivalents | $ 13,362 | 6,668 |
| Short-term investments | 592 | 545 |
| Accounts receivable, net of allowances | 11,776 | 11,781 |
| Inventories | 940 | 1,131 |
| Prepaid expenses and other | 4,269 | 2,223 |
| Total current assets | 30,939 | 22,348 |
| Plant, property and equipment | 215,626 | 211,655 |
| Accumulated depreciation | 127,192 | 123,944 |
| Plant, property and equipment, net | 88,434 | 87,711 |
| Investments in unconsolidated businesses | 3,448 | 3,497 |
| Wireless licenses | 73,250 | 72,996 |
| Goodwill | 23,357 | 21,988 |
| Other intangible assets, net | 5,878 | 5,830 |
| Other assets | 5,155 | 5,635 |
| Total assets | 230,461 | 220,005 |
| Liabilities and Equity | ||
| Debt maturing within one year | 4,849 | 7,542 |
| Accounts payable and accrued liabilities | 14,689 | 15,702 |
| Other | 11,223 | 7,353 |
| Total current liabilities | 30,761 | 30,597 |
| Long-term debt | 50,303 | 45,252 |
| Employee benefit obligations | 32,957 | 28,164 |
| Deferred income taxes | 25,060 | 22,818 |
| Other liabilities | 5,472 | 6,262 |
| Equity | ||
| Series preferred stock ($.10 par value; none issued) | ||
| Common stock ($.10 par value; 2,967,610,119 shares issued in both periods) | 297 | 297 |
| Contributed capital | 37,919 | 37,922 |
| Reinvested earnings | 1,179 | 4,368 |
| Accumulated other comprehensive income | 1,269 | 1,049 |
| Common stock in treasury, at cost | (5,002) | (5,267) |
| Deferred compensation - employee stock ownership plans and other | 308 | 200 |
| Noncontrolling interest | 49,938 | 48,343 |
| Total equity | 85,908 | 86,912 |
| Total liabilities and equity | 230,461 | 220,005 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2011 | |
| 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 |