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

VERIZON COMMUNICATIONS INC

Ticker: VZ   Fiscal Year: 2014

Consolidated Statements of Income

Period Ending Dec 31, 2014 10-K (Filed: Feb 23, 2015)

(In Millions)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2014Dec 31, 2013Dec 31, 2012
Operating Revenues
$
127,079
120,550115,846
Operating Expenses
Cost of services and sales (exclusive of items shown below)49,93144,88746,275
Selling, general and administrative expense41,01627,08939,951
Depreciation and amortization expense16,53316,60616,460
Total Operating Expenses107,48088,582102,686
 
Operating Income19,59931,96813,160
 
Equity in earnings of unconsolidated businesses1,780142324
Other income and (expense), net(1,194)(166)(1,016)
Interest expense(4,915)(2,667)(2,571)
Income Before (Provision) Benefit For Income Taxes15,27029,2779,897
 
(Provision) Benefit for income taxes(3,314)(5,730)660
Net Income11,95623,54710,557
 
Net income attributable to noncontrolling interests2,33112,0509,682
Net income attributable to Verizon9,62511,497875
 
Net Income11,95623,54710,557
Basic Earnings Per Common Share
Net income attributable to Verizon2.424.010.31
Weighted-average shares outstanding (in millions)3,9742,8662,853
Diluted Earnings Per Common Share
Net income attributable to Verizon2.424.000.31
Weighted-average shares outstanding (in millions)3,9812,8742,862
External Links 
VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2014
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