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: 2009 | |||
Statement Of Income Alternative | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Operating Revenues | $ 107,808 | 97,354 | 93,469 |
| Operating Expenses | |||
| Cost of services and sales (exclusive of items shown below) | 44,299 | 39,007 | 37,547 |
| Selling, general and administrative expense | 32,950 | 26,898 | 25,967 |
| Depreciation and amortization expense | 16,532 | 14,565 | 14,377 |
| Total Operating Expenses | 93,781 | 80,470 | 77,891 |
| Operating Income | 14,027 | 16,884 | 15,578 |
| Equity in earnings of unconsolidated businesses | 553 | 567 | 585 |
| Other income and (expense), net | 90 | 282 | 211 |
| Interest expense | (3,102) | (1,819) | (1,829) |
| Income Before Provision for Income Taxes, Discontinued Operations and Extraordinary Item | 11,568 | 15,914 | 14,545 |
| Provision for income taxes | (1,210) | (3,331) | (3,982) |
| Income Before Discontinued Operations and Extraordinary Item | 10,358 | 12,583 | 10,563 |
| Income from discontinued operations, net of tax | 0 | 0 | 142 |
| Extraordinary item, net of tax | 0 | 0 | (131) |
| Net Income | 10,358 | 12,583 | 10,574 |
| Net income attributable to noncontrolling interest | 6,707 | 6,155 | 5,053 |
| Net income attributable to Verizon | 3,651 | 6,428 | 5,521 |
| Net Income | 10,358 | 12,583 | 10,574 |
| Basic Earnings Per Common Share | |||
| Income before discontinued operations and extraordinary item attributable to Verizon | 1.29 | 2.26 | 1.90 |
| Income from discontinued operations attributable to Verizon, net of tax | 0.00 | 0.00 | 0.05 |
| Extraordinary item attributable to Verizon, net of tax | 0.00 | 0.00 | (0.05) |
| Net Income attributable to Verizon | 1.29 [1] | 2.26 | 1.91 |
| Weighted-average shares outstanding (in millions) | 2,841 | 2,849 | 2,898 |
| Diluted Earnings Per Common Share | |||
| Income before discontinued operations and extraordinary item attributable to Verizon | 1.29 | 2.26 | 1.90 |
| Income from discontinued operations attributable to Verizon, net of tax | 0.00 | 0.00 | 0.05 |
| Extraordinary item attributable to Verizon, net of tax | 0.00 | 0.00 | (0.05) |
| Net Income attributable to Verizon | 1.29 | 2.26 | 1.90 |
| Weighted-average shares outstanding (in millions) | 2,841 | 2,850 | 2,902 |
| [1] Total per share amounts may not add due to rounding | |||
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2009 | |
| 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 |