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: 2015 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Operating Revenues | |||
| Service revenues and other | $ 114,696 | 116,122 | 112,454 |
| Wireless equipment revenues | 16,924 | 10,957 | 8,096 |
| Total Operating Revenues | 131,620 | 127,079 | 120,550 |
| Operating Expenses | |||
| Cost of services (exclusive of items shown below) | 29,438 | 28,306 | 28,534 |
| Wireless cost of equipment | 23,119 | 21,625 | 16,353 |
| Selling, general and administrative expense | 29,986 | 41,016 | 27,089 |
| Depreciation and amortization expense | 16,017 | 16,533 | 16,606 |
| Total Operating Expenses | 98,560 | 107,480 | 88,582 |
| Operating Income | 33,060 | 19,599 | 31,968 |
| Equity in (losses) earnings of unconsolidated businesses | (86) | 1,780 | 142 |
| Other income and (expense), net | 186 | (1,194) | (166) |
| Interest expense | (4,920) | (4,915) | (2,667) |
| Income Before Provision For Income Taxes | 28,240 | 15,270 | 29,277 |
| Provision for income taxes | (9,865) | (3,314) | (5,730) |
| Net Income | 18,375 | 11,956 | 23,547 |
| Net income attributable to noncontrolling interests | 496 | 2,331 | 12,050 |
| Net income attributable to Verizon | 17,879 | 9,625 | 11,497 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon | 4.38 | 2.42 | 4.01 |
| Weighted-average shares outstanding (in millions) | 4,085 | 3,974 | 2,866 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon | 4.37 | 2.42 | 4.00 |
| Weighted-average shares outstanding (in millions) | 4,093 | 3,981 | 2,874 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2015 | |
| 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 |