10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2015 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Operating Revenues | |||
| Service revenues and other | $ 114,696 | 116,122 | 112,454 |
| Wireless equipment revenues | 16,924 | 10,957 | 8,096 |
| Total Operating Revenues | 131,620 | 127,079 | 120,550 |
| Operating Expenses | |||
| Cost of services (exclusive of items shown below) | 29,438 | 28,306 | 28,534 |
| Wireless cost of equipment | 23,119 | 21,625 | 16,353 |
| Selling, general and administrative expense | 29,986 | 41,016 | 27,089 |
| Depreciation and amortization expense | 16,017 | 16,533 | 16,606 |
| Total Operating Expenses | 98,560 | 107,480 | 88,582 |
| Operating Income | 33,060 | 19,599 | 31,968 |
| Equity in (losses) earnings of unconsolidated businesses | (86) | 1,780 | 142 |
| Other income and (expense), net | 186 | (1,194) | (166) |
| Interest expense | (4,920) | (4,915) | (2,667) |
| Income Before Provision For Income Taxes | 28,240 | 15,270 | 29,277 |
| Provision for income taxes | (9,865) | (3,314) | (5,730) |
| Net Income | 18,375 | 11,956 | 23,547 |
| Net income attributable to noncontrolling interests | 496 | 2,331 | 12,050 |
| Net income attributable to Verizon | 17,879 | 9,625 | 11,497 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon | 4.38 | 2.42 | 4.01 |
| Weighted-average shares outstanding (in millions) | 4,085 | 3,974 | 2,866 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon | 4.37 | 2.42 | 4.00 |
| Weighted-average shares outstanding (in millions) | 4,093 | 3,981 | 2,874 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2015 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net Income | $ 18,375 | 11,956 | 23,547 |
| Other Comprehensive Income, net of taxes | |||
| Foreign currency translation adjustments | (208) | (1,199) | 60 |
| Unrealized gains (losses) on cash flow hedges | (194) | (197) | 25 |
| Unrealized gains (losses) on marketable securities | (11) | (5) | 16 |
| Defined benefit pension and postretirement plans | (148) | 154 | 22 |
| Other comprehensive income (loss) attributable to Verizon | (561) | (1,247) | 123 |
| Other comprehensive loss attributable to noncontrolling interests | (23) | (15) | |
| Total Comprehensive Income | 17,814 | 10,686 | 23,655 |
| Comprehensive income attributable to noncontrolling interests | 496 | 2,308 | 12,035 |
| Comprehensive income attributable to Verizon | 17,318 | 8,378 | 11,620 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 18,375 | 11,956 | 23,547 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16,017 | 16,533 | 16,606 |
| Employee retirement benefits | (1,747) | 8,130 | (5,052) |
| Deferred income taxes | 3,516 | (92) | 5,785 |
| Provision for uncollectible accounts | 1,610 | 1,095 | 993 |
| Equity in losses (earnings) of unconsolidated businesses, net of dividends received | 127 | (1,743) | (102) |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses | |||
| Accounts receivable | (945) | (2,745) | (843) |
| Inventories | (99) | (132) | 56 |
| Other assets | 942 | (695) | (143) |
| Accounts payable and accrued liabilities | 2,545 | 1,412 | 925 |
| Other, net | (1,411) | (3,088) | (2,954) |
| Net cash provided by operating activities | 38,930 | 30,631 | 38,818 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (17,775) | (17,191) | (16,604) |
| Acquisitions of investments and businesses, net of cash acquired | (3,545) | (182) | (494) |
| Acquisitions of wireless licenses | (9,942) | (354) | (580) |
| Proceeds from dispositions of wireless licenses | 2,367 | 2,111 | |
| Proceeds from dispositions of businesses | 48 | 120 | |
| Other, net | 1,171 | (616) | 734 |
| Net cash used in investing activities | (30,043) | (15,856) | (14,833) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 6,667 | 30,967 | 49,166 |
| Repayments of long-term borrowings and capital lease obligations | (9,340) | (17,669) | (8,163) |
| Decrease in short-term obligations, excluding current maturities | (344) | (475) | (142) |
| Dividends paid | (8,538) | (7,803) | (5,936) |
| Proceeds from sale of common stock | 40 | 34 | 85 |
| Purchase of common stock for treasury | (5,134) | (153) | |
| Special distribution to noncontrolling interest | (3,150) | ||
| Acquisition of noncontrolling interest | (58,886) | ||
| Other, net | 1,634 | (3,873) | (5,257) |
| Net cash provided by (used in) financing activities | (15,015) | (57,705) | 26,450 |
| Increase (decrease) in cash and cash equivalents | (6,128) | (42,930) | 50,435 |
| Cash and cash equivalents, beginning of period | 10,598 | 53,528 | |
| Cash and cash equivalents, end of period | 4,470 | 10,598 | 53,528 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
VERIZON COMMUNICATIONS INC | ||
Ticker: VZ Fiscal Year: 2015 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 4,470 | 10,598 |
| Short-term investments | 350 | 555 |
| Accounts receivable, net of allowances of $882 and $739 | 13,457 | 13,993 |
| Inventories | 1,252 | 1,153 |
| Assets held for sale | 792 | 552 |
| Prepaid expenses and other | 1,959 | 2,648 |
| Total current assets | 22,280 | 29,499 |
| Plant, property and equipment | 220,163 | 230,508 |
| Less accumulated depreciation | 136,622 | 140,561 |
| Plant, property and equipment, net | 83,541 | 89,947 |
| Investments in unconsolidated businesses | 796 | 802 |
| Wireless licenses | 86,575 | 75,341 |
| Goodwill | 25,331 | 24,639 |
| Other intangible assets, net | 8,338 | 5,728 |
| Non-current assets held for sale | 10,267 | |
| Deposit for wireless licenses | 921 | |
| Other assets | 7,512 | 5,739 |
| Total assets | 244,640 | 232,616 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Debt maturing within one year | 6,489 | 2,735 |
| Accounts payable and accrued liabilities | 19,362 | 16,680 |
| Liabilities related to assets held for sale | 463 | |
| Other | 8,738 | 8,572 |
| Total current liabilities | 35,052 | 27,987 |
| Long-term debt | 103,705 | 110,536 |
| Employee benefit obligations | 29,957 | 33,280 |
| Deferred income taxes | 45,484 | 41,563 |
| Non-current liabilities related to assets held for sale | 959 | |
| Other liabilities | 11,641 | 5,574 |
| Equity | ||
| Series preferred stock ($.10 par value; none issued) | ||
| Common stock ($.10 par value; 4,242,374,240 shares issued in each period) | 424 | 424 |
| Contributed capital | 11,196 | 11,155 |
| Reinvested earnings | 11,246 | 2,447 |
| Accumulated other comprehensive income | 550 | 1,111 |
| Common stock in treasury, at cost | (7,416) | (3,263) |
| Deferred compensation - employee stock ownership plans and other | 428 | 424 |
| Noncontrolling interests | 1,414 | 1,378 |
| Total equity | 17,842 | 13,676 |
| Total liabilities and equity | 244,640 | 232,616 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2015 | |
| 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 |