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10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

VERIZON COMMUNICATIONS INC

Ticker: VZ   Fiscal Year: 2010

Consolidated Statements of Income

Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011)

(In Millions)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2010Dec 31, 2009Dec 31, 2008
Operating Revenues
$
106,565
107,80897,354
Operating Expenses
Cost of services and sales (exclusive of items shown below)44,14944,57938,615
Selling, general and administrative expense31,36630,71741,517
Depreciation and amortization expense16,40516,53414,610
Total Operating Expenses91,92091,83094,742
 
Operating Income14,64515,9782,612
 
Equity in earnings of unconsolidated businesses508553567
Other income and (expense), net5491283
Interest expense(2,523)(3,102)(1,819)
Income Before (Provision) Benefit for Income Taxes12,68413,5201,643
 
(Provision) benefit for income taxes(2,467)(1,919)2,319
Net Income10,21711,6013,962
 
Net income attributable to noncontrolling interest7,6686,7076,155
Net income (loss) attributable to Verizon2,5494,894(2,193)
Net Income10,21711,6013,962
Basic Earnings (Loss) Per Common Share
Net income (loss) attributable to Verizon0.901.72(0.77)
Weighted-average shares outstanding (in millions)2,8302,8412,849
Diluted Earnings (Loss) Per Common Share
Net income (loss) attributable to Verizon0.901.72(0.77)
Weighted-average shares outstanding (in millions)2,8332,8412,849
External Links 
VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2010
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