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: 2013 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Operating Revenues | $ 120,550 | 115,846 | 110,875 |
| Operating Expenses | |||
| Cost of services and sales (exclusive of items shown below) | 44,887 | 46,275 | 45,875 |
| Selling, general and administrative expense | 27,089 | 39,951 | 35,624 |
| Depreciation and amortization expense | 16,606 | 16,460 | 16,496 |
| Total Operating Expenses | 88,582 | 102,686 | 97,995 |
| Operating Income | 31,968 | 13,160 | 12,880 |
| Equity in earnings of unconsolidated businesses | 142 | 324 | 444 |
| Other income and (expense), net | (166) | (1,016) | (14) |
| Interest expense | (2,667) | (2,571) | (2,827) |
| Income Before (Provision) Benefit For Income Taxes | 29,277 | 9,897 | 10,483 |
| (Provision) Benefit for income taxes | (5,730) | 660 | (285) |
| Net Income | 23,547 | 10,557 | 10,198 |
| Net income attributable to noncontrolling interests | 12,050 | 9,682 | 7,794 |
| Net income attributable to Verizon | 11,497 | 875 | 2,404 |
| Net Income | 23,547 | 10,557 | 10,198 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon | 4.01 | 0.31 | 0.85 |
| Weighted-average shares outstanding (in millions) | 2,866 | 2,853 | 2,833 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon | 4.00 | 0.31 | 0.85 |
| Weighted-average shares outstanding (in millions) | 2,874 | 2,862 | 2,839 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2013 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net Income | $ 23,547 | 10,557 | 10,198 |
| Other Comprehensive Income, net of taxes | |||
| Foreign currency translation adjustments | 60 | 69 | (119) |
| Unrealized gain (loss) on cash flow hedges | 25 | (68) | 30 |
| Unrealized gain (loss) on marketable securities | 16 | 29 | (7) |
| Defined benefit pension and postretirement plans | 22 | 936 | 316 |
| Other comprehensive income attributable to Verizon | 123 | 966 | 220 |
| Other comprehensive income (loss) attributable to noncontrolling interests | (15) | 10 | 1 |
| Total Comprehensive Income | 23,655 | 11,533 | 10,419 |
| Comprehensive income attributable to noncontrolling interests | 12,035 | 9,692 | 7,795 |
| Comprehensive income attributable to Verizon | 11,620 | 1,841 | 2,624 |
| Total Comprehensive Income | 23,655 | 11,533 | 10,419 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 23,547 | 10,557 | 10,198 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16,606 | 16,460 | 16,496 |
| Employee retirement benefits | (5,052) | 8,198 | 7,426 |
| Deferred income taxes | 5,785 | (952) | (223) |
| Provision for uncollectible accounts | 993 | 972 | 1,026 |
| Equity in earnings of unconsolidated businesses, net of dividends received | (102) | 77 | 36 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses | |||
| Accounts receivable | (843) | (1,717) | (966) |
| Inventories | 56 | (136) | 208 |
| Other assets | (143) | 306 | 86 |
| Accounts payable and accrued liabilities | 925 | 1,144 | (1,607) |
| Other, net | (2,954) | (3,423) | (2,900) |
| Net cash provided by operating activities | 38,818 | 31,486 | 29,780 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (16,604) | (16,175) | (16,244) |
| Acquisitions of investments and businesses, net of cash acquired | (494) | (913) | (1,797) |
| Acquisitions of wireless licenses | (580) | (4,298) | (221) |
| Proceeds from dispositions of wireless licenses | 2,111 | 363 | |
| Net change in short-term investments | 63 | 27 | 35 |
| Other, net | 671 | 494 | 977 |
| Net cash used in investing activities | (14,833) | (20,502) | (17,250) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 49,166 | 4,489 | 11,060 |
| Repayments of long-term borrowings and capital lease obligations | (8,163) | (6,403) | (11,805) |
| Decrease in short-term obligations, excluding current maturities | (142) | (1,437) | 1,928 |
| Dividends paid | (5,936) | (5,230) | (5,555) |
| Proceeds from sale of common stock | 85 | 315 | 241 |
| Purchase of common stock for treasury | (153) | ||
| Special distribution to noncontrolling interest | (3,150) | (8,325) | |
| Other, net | (5,257) | (4,662) | (1,705) |
| Net cash provided by (used in) financing activities | 26,450 | (21,253) | (5,836) |
| Increase (decrease) in cash and cash equivalents | 50,435 | (10,269) | 6,694 |
| Cash and cash equivalents, beginning of period | 3,093 | 13,362 | |
| Cash and cash equivalents, end of period | 53,528 | 3,093 | 13,362 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
VERIZON COMMUNICATIONS INC | ||
Ticker: VZ Fiscal Year: 2013 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 53,528 | 3,093 |
| Short-term investments | 601 | 470 |
| Accounts receivable, net of allowances of $645 and $641 | 12,439 | 12,576 |
| Inventories | 1,020 | 1,075 |
| Prepaid expenses and other | 3,406 | 4,021 |
| Total current assets | 70,994 | 21,235 |
| Plant, property and equipment | 220,865 | 209,575 |
| Less accumulated depreciation | 131,909 | 120,933 |
| Plant, property and equipment, net | 88,956 | 88,642 |
| Investments in unconsolidated businesses | 3,432 | 3,401 |
| Wireless licenses | 75,747 | 77,744 |
| Goodwill | 24,634 | 24,139 |
| Other intangible assets, net | 5,800 | 5,933 |
| Other assets | 4,535 | 4,128 |
| Total assets | 274,098 | 225,222 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Debt maturing within one year | 3,933 | 4,369 |
| Accounts payable and accrued liabilities | 16,453 | 16,182 |
| Other | 6,664 | 6,405 |
| Total current liabilities | 27,050 | 26,956 |
| Long-term debt | 89,658 | 47,618 |
| Employee benefit obligations | 27,682 | 34,346 |
| Deferred income taxes | 28,639 | 24,677 |
| Other Liabilities | 5,653 | 6,092 |
| Equity | ||
| Series preferred stock ($.10 par value; none issued) | ||
| Common stock ($.10 par value; 2,967,610,119 shares issued in both periods) | 297 | 297 |
| Contributed capital | 37,939 | 37,990 |
| Reinvested earnings (Accumulated deficit) | 1,782 | (3,734) |
| Accumulated other comprehensive income | 2,358 | 2,235 |
| Common stock in treasury, at cost | (3,961) | (4,071) |
| Deferred compensation - employee stock ownership plans and other | 421 | 440 |
| Noncontrolling interests | 56,580 | 52,376 |
| Total equity | 95,416 | 85,533 |
| Total liabilities and equity | 274,098 | 225,222 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2013 | |
| 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 |