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: 2014 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 23, 2015) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Operating Revenues | $ 127,079 | 120,550 | 115,846 |
| Operating Expenses | |||
| Cost of services and sales (exclusive of items shown below) | 49,931 | 44,887 | 46,275 |
| Selling, general and administrative expense | 41,016 | 27,089 | 39,951 |
| Depreciation and amortization expense | 16,533 | 16,606 | 16,460 |
| Total Operating Expenses | 107,480 | 88,582 | 102,686 |
| Operating Income | 19,599 | 31,968 | 13,160 |
| Equity in earnings of unconsolidated businesses | 1,780 | 142 | 324 |
| Other income and (expense), net | (1,194) | (166) | (1,016) |
| Interest expense | (4,915) | (2,667) | (2,571) |
| Income Before (Provision) Benefit For Income Taxes | 15,270 | 29,277 | 9,897 |
| (Provision) Benefit for income taxes | (3,314) | (5,730) | 660 |
| Net Income | 11,956 | 23,547 | 10,557 |
| Net income attributable to noncontrolling interests | 2,331 | 12,050 | 9,682 |
| Net income attributable to Verizon | 9,625 | 11,497 | 875 |
| Net Income | 11,956 | 23,547 | 10,557 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon | 2.42 | 4.01 | 0.31 |
| Weighted-average shares outstanding (in millions) | 3,974 | 2,866 | 2,853 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon | 2.42 | 4.00 | 0.31 |
| Weighted-average shares outstanding (in millions) | 3,981 | 2,874 | 2,862 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2014 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 23, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net Income | $ 11,956 | 23,547 | 10,557 |
| Other Comprehensive Income, net of taxes | |||
| Foreign currency translation adjustments | (1,199) | 60 | 69 |
| Unrealized gain (loss) on cash flow hedges | (197) | 25 | (68) |
| Unrealized gain (loss) on marketable securities | (5) | 16 | 29 |
| Defined benefit pension and postretirement plans | 154 | 22 | 936 |
| Net other comprehensive income (loss)attributable to Verizon | (1,247) | 123 | 966 |
| Other comprehensive income (loss) attributable to noncontrolling interests | (23) | (15) | 10 |
| Total Comprehensive Income | 10,686 | 23,655 | 11,533 |
| Comprehensive income attributable to noncontrolling interests | 2,308 | 12,035 | 9,692 |
| Comprehensive income attributable to Verizon | 8,378 | 11,620 | 1,841 |
| Total Comprehensive Income | 10,686 | 23,655 | 11,533 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 23, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 11,956 | 23,547 | 10,557 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16,533 | 16,606 | 16,460 |
| Employee retirement benefits | 8,130 | (5,052) | 8,198 |
| Deferred income taxes | (92) | 5,785 | (952) |
| Provision for uncollectible accounts | 1,095 | 993 | 972 |
| Equity in earnings of unconsolidated businesses, net of dividends received | (1,743) | (102) | 77 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses | |||
| Accounts receivable | (2,745) | (843) | (1,717) |
| Inventories | (132) | 56 | (136) |
| Other assets | (695) | (143) | 306 |
| Accounts payable and accrued liabilities | 1,412 | 925 | 1,144 |
| Other, net | (3,088) | (2,954) | (3,423) |
| Net cash provided by operating activities | 30,631 | 38,818 | 31,486 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (17,191) | (16,604) | (16,175) |
| Acquisitions of investments and businesses, net of cash acquired | (182) | (494) | (913) |
| Acquisitions of wireless licenses | (354) | (580) | (4,298) |
| Proceeds from dispositions of wireless licenses | 2,367 | 2,111 | 363 |
| Proceeds from dispositions of businesses | 120 | ||
| Other, net | (616) | 734 | 521 |
| Net cash used in investing activities | (15,856) | (14,833) | (20,502) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 30,967 | 49,166 | 4,489 |
| Repayments of long-term borrowings and capital lease obligations | (17,669) | (8,163) | (6,403) |
| Decrease in short-term obligations, excluding current maturities | (475) | (142) | (1,437) |
| Dividends paid | (7,803) | (5,936) | (5,230) |
| Proceeds from sale of common stock | 34 | 85 | 315 |
| Purchase of common stock for treasury | (153) | ||
| Special distribution to noncontrolling interest | (3,150) | (8,325) | |
| Acquisition of noncontrolling interest | (58,886) | ||
| Other, net | (3,873) | (5,257) | (4,662) |
| Net cash provided by (used in) financing activities | (57,705) | 26,450 | (21,253) |
| Increase (decrease) in cash and cash equivalents | (42,930) | 50,435 | (10,269) |
| Cash and cash equivalents, beginning of period | 53,528 | 3,093 | |
| Cash and cash equivalents, end of period | 10,598 | 53,528 | 3,093 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
VERIZON COMMUNICATIONS INC | ||
Ticker: VZ Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 23, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 10,598 | 53,528 |
| Short-term investments | 555 | 601 |
| Accounts receivable, net of allowances of $739 and $645 | 13,993 | 12,439 |
| Inventories | 1,153 | 1,020 |
| Prepaid expenses and other | 3,324 | 3,406 |
| Total current assets | 29,623 | 70,994 |
| Plant, property and equipment | 230,508 | 220,865 |
| Less accumulated depreciation | 140,561 | 131,909 |
| Plant, property and equipment, net | 89,947 | 88,956 |
| Investments in unconsolidated businesses | 802 | 3,432 |
| Wireless licenses | 75,341 | 75,747 |
| Goodwill | 24,639 | 24,634 |
| Other intangible assets, net | 5,728 | 5,800 |
| Other assets | 6,628 | 4,535 |
| Total assets | 232,708 | 274,098 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Debt maturing within one year | 2,735 | 3,933 |
| Accounts payable and accrued liabilities | 16,680 | 16,453 |
| Other | 8,649 | 6,664 |
| Total current liabilities | 28,064 | 27,050 |
| Long-term debt | 110,536 | 89,658 |
| Employee benefit obligations | 33,280 | 27,682 |
| Deferred income taxes | 41,578 | 28,639 |
| Other Liabilities | 5,574 | 5,653 |
| Equity | ||
| Series preferred stock ($.10 par value; none issued) | ||
| Common stock ($.10 par value; 4,242,374,240 and 2,967,610,119 shares issued in each period, respectively) | 424 | 297 |
| Contributed capital | 11,155 | 37,939 |
| Reinvested earnings | 2,447 | 1,782 |
| Accumulated other comprehensive income | 1,111 | 2,358 |
| Common stock in treasury, at cost | (3,263) | (3,961) |
| Deferred compensation - employee stock ownership plans and other | 424 | 421 |
| Noncontrolling interests | 1,378 | 56,580 |
| Total equity | 13,676 | 95,416 |
| Total liabilities and equity | 232,708 | 274,098 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2014 | |
| 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 |