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: 2011 | |||
Consolidated Statements Of Income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Operating Revenues | $ 110,875 | 106,565 | 107,808 |
| Operating Expenses | |||
| Cost of services and sales (exclusive of items shown below) | 45,875 | 44,149 | 44,579 |
| Selling, general and administrative expense | 35,624 | 31,366 | 30,717 |
| Depreciation and amortization expense | 16,496 | 16,405 | 16,534 |
| Total Operating Expenses | 97,995 | 91,920 | 91,830 |
| Operating Income | 12,880 | 14,645 | 15,978 |
| Equity in earnings of unconsolidated businesses | 444 | 508 | 553 |
| Other income and (expense), net | (14) | 54 | 91 |
| Interest expense | (2,827) | (2,523) | (3,102) |
| Income Before Provision For Income Taxes | 10,483 | 12,684 | 13,520 |
| Provision for income taxes | (285) | (2,467) | (1,919) |
| Net Income | 10,198 | 10,217 | 11,601 |
| Net income attributable to noncontrolling interest | 7,794 | 7,668 | 6,707 |
| Net income attributable to Verizon | 2,404 | 2,549 | 4,894 |
| Net Income | 10,198 | 10,217 | 11,601 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon | 0.85 | 0.90 | 1.72 |
| Weighted-average shares outstanding (in millions) | 2,833 | 2,830 | 2,841 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon | 0.85 | 0.90 | 1.72 |
| Weighted-average shares outstanding (in millions) | 2,839 | 2,833 | 2,841 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2011 | |
| 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 |