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: 2018 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 15, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Operating Revenues | |||
| Operating Revenues | $ 130,863 | 126,034 | 125,980 |
| Operating Expenses | |||
| Selling, general and administrative expense (including net gain on sale of divested businesses of $0, $1,774 and $1,007, respectively) | 31,083 | 28,592 | 28,102 |
| Depreciation and amortization expense | 17,403 | 16,954 | 15,928 |
| Oath goodwill impairment | 4,591 | 0 | 0 |
| Total Operating Expenses | 108,585 | 98,609 | 96,731 |
| Operating Income | 22,278 | 27,425 | 29,249 |
| Equity in losses of unconsolidated businesses | (186) | (77) | (98) |
| Other income (expense), net | 2,364 | (2,021) | (3,789) |
| Interest expense | (4,833) | (4,733) | (4,376) |
| Income Before (Provision) Benefit For Income Taxes | 19,623 | 20,594 | 20,986 |
| (Provision) benefit for income taxes | (3,584) | 9,956 | (7,378) |
| Net Income | 16,039 | 30,550 | 13,608 |
| Net income attributable to noncontrolling interests | 511 | 449 | 481 |
| Net income attributable to Verizon | 15,528 | 30,101 | 13,127 |
| Net Income | 16,039 | 30,550 | 13,608 |
| Basic Earnings Per Common Share | |||
| Basic Earnings Per Share Attributable to Verizon (in USD per share) | 3.76 | 7.37 | 3.22 |
| Basic, Weighted-average shares outstanding (in shares) | 4,128 | 4,084 | 4,080 |
| Diluted Earnings Per Common Share | |||
| Diluted, Net income attributable to Verizon (in USD per share) | 3.76 | 7.36 | 3.21 |
| Diluted, Weighted-average shares outstanding (in shares) | 4,132 | 4,089 | 4,086 |
| Product and Service | |||
| Service and other | |||
| Operating Revenues | 108,605 | 107,145 | 108,468 |
| Service | |||
| Cost of services and equipment | 32,185 | 30,916 | 30,463 |
| Equipment | |||
| Operating Revenues | 22,258 | 18,889 | 17,512 |
| Cost of services and equipment | 23,323 | 22,147 | 22,238 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2018 | |
| 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 |