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: 2012 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Operating Revenues | $ 115,846 | 110,875 | 106,565 |
| Operating Expenses | |||
| Cost of services and sales (exclusive of items shown below) | 46,275 | 45,875 | 44,149 |
| Selling, general and administrative expense | 39,951 | 35,624 | 31,366 |
| Depreciation and amortization expense | 16,460 | 16,496 | 16,405 |
| Total Operating Expenses | 102,686 | 97,995 | 91,920 |
| Operating Income | 13,160 | 12,880 | 14,645 |
| Equity in earnings of unconsolidated businesses | 324 | 444 | 508 |
| Other income and (expense), net | (1,016) | (14) | 54 |
| Interest expense | (2,571) | (2,827) | (2,523) |
| Income Before (Provision) Benefit For Income Taxes | 9,897 | 10,483 | 12,684 |
| (Provision) Benefit for income taxes | 660 | (285) | (2,467) |
| Net Income | 10,557 | 10,198 | 10,217 |
| Net income attributable to noncontrolling interest | 9,682 | 7,794 | 7,668 |
| Net income attributable to Verizon | 875 | 2,404 | 2,549 |
| Net Income | 10,557 | 10,198 | 10,217 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon | 0.31 | 0.85 | 0.90 |
| Weighted-average shares outstanding (in millions) | 2,853 | 2,833 | 2,830 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon | 0.31 | 0.85 | 0.90 |
| Weighted-average shares outstanding (in millions) | 2,862 | 2,839 | 2,833 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2012 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net Income | $ 10,557 | 10,198 | 10,217 |
| Other Comprehensive Income, net of taxes | |||
| Foreign currency translation adjustments | 69 | (119) | (171) |
| Unrealized gain (loss) on cash flow hedges | (68) | 30 | 89 |
| Unrealized gain (loss) on marketable securities | 29 | (7) | 29 |
| Defined benefit pension and postretirement plans | 936 | 316 | 2,451 |
| Other comprehensive income attributable to Verizon | 966 | 220 | 2,398 |
| Other comprehensive income (loss) attributable to noncontrolling interest | 10 | 1 | (35) |
| Total Comprehensive Income | 11,533 | 10,419 | 12,580 |
| Comprehensive income attributable to noncontrolling interest | 9,692 | 7,795 | 7,633 |
| Comprehensive income attributable to Verizon | 1,841 | 2,624 | 4,947 |
| Total Comprehensive Income | 11,533 | 10,419 | 12,580 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 10,557 | 10,198 | 10,217 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16,460 | 16,496 | 16,405 |
| Employee retirement benefits | 8,198 | 7,426 | 3,988 |
| Deferred income taxes | (952) | (223) | 3,233 |
| Provision for uncollectible accounts | 972 | 1,026 | 1,246 |
| Equity in earnings of unconsolidated businesses, net of dividends received | 77 | 36 | 2 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses | |||
| Accounts receivable | (1,717) | (966) | (859) |
| Inventories | (136) | 208 | 299 |
| Other assets | 306 | 86 | (313) |
| Accounts payable and accrued liabilities | 1,144 | (1,607) | 1,075 |
| Other, net | (3,423) | (2,900) | (1,930) |
| Net cash provided by operating activities | 31,486 | 29,780 | 33,363 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (16,175) | (16,244) | (16,458) |
| Acquisitions of investments and businesses, net of cash acquired | (913) | (1,797) | (652) |
| Acquisitions of wireless licenses, net | (3,935) | (221) | (786) |
| Proceeds from dispositions | 2,594 | ||
| Net change in short-term investments | 27 | 35 | (3) |
| Other, net | 494 | 977 | 251 |
| Net cash used in investing activities | (20,502) | (17,250) | (15,054) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 4,489 | 11,060 | |
| Repayments of long-term borrowings and capital lease obligations | (6,403) | (11,805) | (8,136) |
| Increase (decrease) in short-term obligations, excluding current maturities | (1,437) | 1,928 | (1,097) |
| Dividends paid | (5,230) | (5,555) | (5,412) |
| Proceeds from sale of common stock | 315 | 241 | |
| Proceeds from access line spin-off | 3,083 | ||
| Special distribution to noncontrolling interest | (8,325) | ||
| Other, net | (4,662) | (1,705) | (2,088) |
| Net cash used in financing activities | (21,253) | (5,836) | (13,650) |
| Increase (decrease) in cash and cash equivalents | (10,269) | 6,694 | 4,659 |
| Cash and cash equivalents, beginning of period | 13,362 | 6,668 | |
| Cash and cash equivalents, end of period | 3,093 | 13,362 | 6,668 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
VERIZON COMMUNICATIONS INC | ||
Ticker: VZ Fiscal Year: 2012 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 3,093 | 13,362 |
| Short-term investments | 470 | 592 |
| Accounts receivable, net of allowances of $641 and $802 | 12,576 | 11,776 |
| Inventories | 1,075 | 940 |
| Prepaid expenses and other | 4,021 | 4,269 |
| Total current assets | 21,235 | 30,939 |
| Plant, property and equipment | 209,575 | 215,626 |
| Less accumulated depreciation | 120,933 | 127,192 |
| Plant, property and equipment, net | 88,642 | 88,434 |
| Investments in unconsolidated businesses | 3,401 | 3,448 |
| Wireless licenses | 77,744 | 73,250 |
| Goodwill | 24,139 | 23,357 |
| Other intangible assets, net | 5,933 | 5,878 |
| Other assets | 4,128 | 5,155 |
| Total assets | 225,222 | 230,461 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Debt maturing within one year | 4,369 | 4,849 |
| Accounts payable and accrued liabilities | 16,182 | 14,689 |
| Other | 6,405 | 11,223 |
| Total current liabilities | 26,956 | 30,761 |
| Long-term debt | 47,618 | 50,303 |
| Employee benefit obligations | 34,346 | 32,957 |
| Deferred income taxes | 24,677 | 25,060 |
| Other liabilities | 6,092 | 5,472 |
| Equity | ||
| Series preferred stock ($.10 par value; none issued) | ||
| Common stock ($.10 par value; 2,967,610,119 shares issued in both periods) | 297 | 297 |
| Contributed capital | 37,990 | 37,919 |
| Reinvested earnings (Accumulated deficit) | (3,734) | 1,179 |
| Accumulated other comprehensive income | 2,235 | 1,269 |
| Common stock in treasury, at cost | (4,071) | (5,002) |
| Deferred compensation - employee stock ownership plans and other | 440 | 308 |
| Noncontrolling interest | 52,376 | 49,938 |
| Total equity | 85,533 | 85,908 |
| Total liabilities and equity | 225,222 | 230,461 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2012 | |
| 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 |