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: 2017 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating Revenues | |||
| Service revenues and other | $ 107,145 | 108,468 | 114,696 |
| Wireless equipment revenues | 18,889 | 17,512 | 16,924 |
| Total Operating Revenues | 126,034 | 125,980 | 131,620 |
| Operating Expenses | |||
| Cost of services (exclusive of items shown below) | 29,409 | 29,186 | 29,438 |
| Wireless cost of equipment | 22,147 | 22,238 | 23,119 |
| Selling, general and administrative expense (including net gain on sale of divested businesses of $1,774, $1,007 and $0, respectively) | 30,110 | 31,569 | 29,986 |
| Depreciation and amortization expense | 16,954 | 15,928 | 16,017 |
| Total Operating Expenses | 98,620 | 98,921 | 98,560 |
| Operating Income | 27,414 | 27,059 | 33,060 |
| Equity in losses of unconsolidated businesses | (77) | (98) | (86) |
| Other income (expense), net | (2,010) | (1,599) | 186 |
| Interest expense | (4,733) | (4,376) | (4,920) |
| Income Before Benefit (Provision) For Income Taxes | 20,594 | 20,986 | 28,240 |
| Benefit (provision) for income taxes | 9,956 | (7,378) | (9,865) |
| Net Income | 30,550 | 13,608 | 18,375 |
| Net income attributable to noncontrolling interests | 449 | 481 | 496 |
| Net income attributable to Verizon | 30,101 | 13,127 | 17,879 |
| Net Income | 30,550 | 13,608 | 18,375 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon (in USD per share) | 7.37 | 3.22 | 4.38 |
| Weighted-average shares outstanding (in shares) | 4,084 | 4,080 | 4,085 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon (in USD per share) | 7.36 | 3.21 | 4.37 |
| Weighted-average shares outstanding (in shares) | 4,089 | 4,086 | 4,093 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2017 | |
| 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 |