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: 2020 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating Revenues | |||
| Operating Revenues | $ 128,292 | 131,868 | 130,863 |
| Operating Expenses | |||
| Selling, general and administrative expense | 31,573 | 29,896 | 31,083 |
| Depreciation and amortization expense | 16,720 | 16,682 | 17,403 |
| Media goodwill impairment | 0 | 186 | 4,591 |
| Total Operating Expenses | 99,494 | 101,490 | 108,585 |
| Operating Income | 28,798 | 30,378 | 22,278 |
| Equity in losses of unconsolidated businesses | (45) | (15) | (186) |
| Other income (expense), net | (539) | (2,900) | 2,364 |
| Interest expense | (4,247) | (4,730) | (4,833) |
| Income Before Provision For Income Taxes | 23,967 | 22,733 | 19,623 |
| Provision for income taxes | (5,619) | (2,945) | (3,584) |
| Net Income | 18,348 | 19,788 | 16,039 |
| Net income attributable to noncontrolling interests | 547 | 523 | 511 |
| Net income attributable to Verizon | 17,801 | 19,265 | 15,528 |
| Net Income | 18,348 | 19,788 | 16,039 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon (in USD per share) | 4.30 | 4.66 | 3.76 |
| Weighted-average shares outstanding (in shares) | 4,140 | 4,138 | 4,128 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon (in USD per share) | 4.30 | 4.65 | 3.76 |
| Weighted-average shares outstanding (in shares) | 4,142 | 4,140 | 4,132 |
| Product and Service | |||
| Service and other | |||
| Operating Revenues | 109,872 | 110,305 | 108,605 |
| Service | |||
| Cost of services and equipment | 31,401 | 31,772 | 32,185 |
| Wireless equipment | |||
| Operating Revenues | 18,420 | 21,563 | 22,258 |
| Cost of services and equipment | 19,800 | 22,954 | 23,323 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2020 | |
| 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 |