VERIZON COMMUNICATIONS INC (VZ) FY 2012 Income Statement

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VERIZON COMMUNICATIONS INC
Ticker: VZ Fiscal Year: 2012
Consolidated Statements of Income
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013)
(In Millions)
	12 Months Ended	12 Months Ended	12 Months Ended
	Dec 31, 2012	Dec 31, 2011	Dec 31, 2010
Operating Revenues	$ 115,846	110,875	106,565
Operating Expenses
Cost of services and sales (exclusive of items shown below)	46,275	45,875	44,149
Selling, general and administrative expense	39,951	35,624	31,366
Depreciation and amortization expense	16,460	16,496	16,405
Total Operating Expenses	102,686	97,995	91,920

Operating Income	13,160	12,880	14,645

Equity in earnings of unconsolidated businesses	324	444	508
Other income and (expense), net	(1,016)	(14)	54
Interest expense	(2,571)	(2,827)	(2,523)
Income Before (Provision) Benefit For Income Taxes	9,897	10,483	12,684

(Provision) Benefit for income taxes	660	(285)	(2,467)
Net Income	10,557	10,198	10,217

Net income attributable to noncontrolling interest	9,682	7,794	7,668
Net income attributable to Verizon	875	2,404	2,549

Net Income	10,557	10,198	10,217
Basic Earnings Per Common Share
Net income attributable to Verizon	0.31	0.85	0.90
Weighted-average shares outstanding (in millions)	2,853	2,833	2,830
Diluted Earnings Per Common Share
Net income attributable to Verizon	0.31	0.85	0.90
Weighted-average shares outstanding (in millions)	2,862	2,839	2,833

External Links
VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2012
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

VERIZON COMMUNICATIONS INC