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: 2019 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Operating Revenues | |||
| Operating Revenues | $ 131,868 | 130,863 | 126,034 |
| Operating Expenses | |||
| Selling, general and administrative expense (including net gain/(loss) on sale of divested businesses of $(94), $0 and $1,774, respectively) | 29,896 | 31,083 | 28,592 |
| Depreciation and amortization expense | 16,682 | 17,403 | 16,954 |
| Media goodwill impairment | 186 | 4,591 | 0 |
| Total Operating Expenses | 101,490 | 108,585 | 98,609 |
| Operating Income | 30,378 | 22,278 | 27,425 |
| Equity in losses of unconsolidated businesses | (15) | (186) | (77) |
| Other income (expense), net | (2,900) | 2,364 | (2,021) |
| Interest expense | (4,730) | (4,833) | (4,733) |
| Income Before (Provision) Benefit For Income Taxes | 22,733 | 19,623 | 20,594 |
| (Provision) benefit for income taxes | (2,945) | (3,584) | 9,956 |
| Net Income | 19,788 | 16,039 | 30,550 |
| Net income attributable to noncontrolling interests | 523 | 511 | 449 |
| Net income attributable to Verizon | 19,265 | 15,528 | 30,101 |
| Net Income | 19,788 | 16,039 | 30,550 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon (in USD per share) | 4.66 | 3.76 | 7.37 |
| Weighted-average shares outstanding (in shares) | 4,138 | 4,128 | 4,084 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon (in USD per share) | 4.65 | 3.76 | 7.36 |
| Weighted-average shares outstanding (in shares) | 4,140 | 4,132 | 4,089 |
| Product and Service | |||
| Service and other | |||
| Operating Revenues | 110,305 | 108,605 | 107,145 |
| Service | |||
| Cost of services and equipment | 31,772 | 32,185 | 30,916 |
| Wireless equipment | |||
| Operating Revenues | 21,563 | 22,258 | 18,889 |
| Cost of services and equipment | 22,954 | 23,323 | 22,147 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2019 | |
| 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 |