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: 2016 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 21, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating Revenues | |||
| Service revenues and other | $ 108,468 | 114,696 | 116,122 |
| Wireless equipment revenues | 17,512 | 16,924 | 10,957 |
| Total Operating Revenues | 125,980 | 131,620 | 127,079 |
| Operating Expenses | |||
| Cost of services (exclusive of items shown below) | 29,186 | 29,438 | 28,306 |
| Wireless cost of equipment | 22,238 | 23,119 | 21,625 |
| Selling, general and administrative expense, net | 31,569 | 29,986 | 41,016 |
| Depreciation and amortization expense | 15,928 | 16,017 | 16,533 |
| Total Operating Expenses | 98,921 | 98,560 | 107,480 |
| Operating Income | 27,059 | 33,060 | 19,599 |
| Equity in (losses) earnings of unconsolidated businesses | (98) | (86) | 1,780 |
| Other income and (expense), net | (1,599) | 186 | (1,194) |
| Interest expense | (4,376) | (4,920) | (4,915) |
| Income Before Provision For Income Taxes | 20,986 | 28,240 | 15,270 |
| Provision for income taxes | (7,378) | (9,865) | (3,314) |
| Net Income | 13,608 | 18,375 | 11,956 |
| Net income attributable to noncontrolling interests | 481 | 496 | 2,331 |
| Net income attributable to Verizon | 13,127 | 17,879 | 9,625 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon | 3.22 | 4.38 | 2.42 |
| Weighted-average shares outstanding (in millions) | 4,080 | 4,085 | 3,974 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon | 3.21 | 4.37 | 2.42 |
| Weighted-average shares outstanding (in millions) | 4,086 | 4,093 | 3,981 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2016 | |
| 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 |