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: 2016 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 21, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating Revenues | |||
| Service revenues and other | $ 108,468 | 114,696 | 116,122 |
| Wireless equipment revenues | 17,512 | 16,924 | 10,957 |
| Total Operating Revenues | 125,980 | 131,620 | 127,079 |
| Operating Expenses | |||
| Cost of services (exclusive of items shown below) | 29,186 | 29,438 | 28,306 |
| Wireless cost of equipment | 22,238 | 23,119 | 21,625 |
| Selling, general and administrative expense, net | 31,569 | 29,986 | 41,016 |
| Depreciation and amortization expense | 15,928 | 16,017 | 16,533 |
| Total Operating Expenses | 98,921 | 98,560 | 107,480 |
| Operating Income | 27,059 | 33,060 | 19,599 |
| Equity in (losses) earnings of unconsolidated businesses | (98) | (86) | 1,780 |
| Other income and (expense), net | (1,599) | 186 | (1,194) |
| Interest expense | (4,376) | (4,920) | (4,915) |
| Income Before Provision For Income Taxes | 20,986 | 28,240 | 15,270 |
| Provision for income taxes | (7,378) | (9,865) | (3,314) |
| Net Income | 13,608 | 18,375 | 11,956 |
| Net income attributable to noncontrolling interests | 481 | 496 | 2,331 |
| Net income attributable to Verizon | 13,127 | 17,879 | 9,625 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon | 3.22 | 4.38 | 2.42 |
| Weighted-average shares outstanding (in millions) | 4,080 | 4,085 | 3,974 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon | 3.21 | 4.37 | 2.42 |
| Weighted-average shares outstanding (in millions) | 4,086 | 4,093 | 3,981 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2016 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 21, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net Income | $ 13,608 | 18,375 | 11,956 |
| Other Comprehensive Income, net of taxes | |||
| Foreign currency translation adjustments | (159) | (208) | (1,199) |
| Unrealized gains (losses) on cash flow hedges | 198 | (194) | (197) |
| Unrealized losses on marketable securities | (55) | (11) | (5) |
| Defined benefit pension and postretirement plans | 2,139 | (148) | 154 |
| Other comprehensive income (loss) attributable to Verizon | 2,123 | (561) | (1,247) |
| Other comprehensive loss attributable to noncontrolling interests | (23) | ||
| Total Comprehensive Income | 15,731 | 17,814 | 10,686 |
| Comprehensive income attributable to noncontrolling interests | 481 | 496 | 2,308 |
| Comprehensive income attributable to Verizon | 15,250 | 17,318 | 8,378 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 21, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 13,608 | 18,375 | 11,956 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 15,928 | 16,017 | 16,533 |
| Employee retirement benefits | 2,705 | (1,747) | 8,130 |
| Deferred income taxes | (1,063) | 3,516 | (92) |
| Provision for uncollectible accounts | 1,420 | 1,610 | 1,095 |
| Equity in losses (earnings) of unconsolidated businesses, net of dividends received | 138 | 127 | (1,743) |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses | |||
| Accounts receivable | (5,067) | (945) | (2,745) |
| Inventories | 61 | (99) | (132) |
| Other assets | 449 | 942 | (695) |
| Accounts payable and accrued liabilities | (1,079) | 2,545 | 1,412 |
| Other, net | (4,385) | (1,411) | (3,088) |
| Net cash provided by operating activities | 22,715 | 38,930 | 30,631 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (17,059) | (17,775) | (17,191) |
| Acquisitions of businesses, net of cash acquired | (3,765) | (3,545) | (182) |
| Acquisitions of wireless licenses | (534) | (9,942) | (354) |
| Proceeds from dispositions of wireless licenses | 2,367 | ||
| Proceeds from dispositions of businesses | 9,882 | 48 | 120 |
| Other, net | 493 | 1,171 | (616) |
| Net cash used in investing activities | (10,983) | (30,043) | (15,856) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 12,964 | 6,667 | 30,967 |
| Proceeds from asset-backed long-term borrowings | 4,986 | ||
| Repayments of long-term borrowings and capital lease obligations | (19,159) | (9,340) | (17,669) |
| Decrease in short-term obligations, excluding current maturities | (149) | (344) | (475) |
| Dividends paid | (9,262) | (8,538) | (7,803) |
| Proceeds from sale of common stock | 3 | 40 | 34 |
| Purchase of common stock for treasury | (5,134) | ||
| Acquisition of noncontrolling interest | (58,886) | ||
| Other, net | (2,705) | 1,634 | (3,873) |
| Net cash used in financing activities | (13,322) | (15,015) | (57,705) |
| Decrease in cash and cash equivalents | (1,590) | (6,128) | (42,930) |
| Cash and cash equivalents, beginning of period | 4,470 | 10,598 | |
| Cash and cash equivalents, end of period | 2,880 | 4,470 | 10,598 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
VERIZON COMMUNICATIONS INC | ||
Ticker: VZ Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 21, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 2,880 | 4,470 |
| Short-term investments | 350 | |
| Accounts receivable, net of allowances of $845 and $882 | 17,513 | 13,457 |
| Inventories | 1,202 | 1,252 |
| Assets held for sale | 882 | 792 |
| Prepaid expenses and other | 3,918 | 2,034 |
| Total current assets | 26,395 | 22,355 |
| Plant, property and equipment | 232,215 | 220,163 |
| Less accumulated depreciation | 147,464 | 136,622 |
| Plant, property and equipment, net | 84,751 | 83,541 |
| Investments in unconsolidated businesses | 1,110 | 796 |
| Wireless licenses | 86,673 | 86,575 |
| Goodwill | 27,205 | 25,331 |
| Other intangible assets, net | 8,897 | 7,592 |
| Non-current assets held for sale | 613 | 10,267 |
| Other assets | 8,536 | 7,718 |
| Total assets | 244,180 | 244,175 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Debt maturing within one year | 2,645 | 6,489 |
| Accounts payable and accrued liabilities | 19,593 | 19,362 |
| Liabilities related to assets held for sale | 24 | 463 |
| Other | 8,078 | 8,738 |
| Total current liabilities | 30,340 | 35,052 |
| Long-term debt | 105,433 | 103,240 |
| Employee benefit obligations | 26,166 | 29,957 |
| Deferred income taxes | 45,964 | 45,484 |
| Non-current liabilities related to assets held for sale | 6 | 959 |
| Other liabilities | 12,239 | 11,641 |
| Equity | ||
| Series preferred stock ($.10 par value; none issued) | ||
| Common stock ($.10 par value; 4,242,374,240 shares issued in each period) | 424 | 424 |
| Contributed capital | 11,182 | 11,196 |
| Reinvested earnings | 15,059 | 11,246 |
| Accumulated other comprehensive income | 2,673 | 550 |
| Common stock in treasury, at cost | (7,263) | (7,416) |
| Deferred compensation - employee stock ownership plans and other | 449 | 428 |
| Noncontrolling interests | 1,508 | 1,414 |
| Total equity | 24,032 | 17,842 |
| Total liabilities and equity | 244,180 | 244,175 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2016 | |
| 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 |