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: 2021 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating Revenues | |||
| Operating Revenues | $ 133,613 | 128,292 | 131,868 |
| Operating Expenses | |||
| Selling, general and administrative expense | 28,658 | 31,573 | 29,896 |
| Depreciation and amortization expense | 16,206 | 16,720 | 16,682 |
| Media goodwill impairment | 0 | 0 | 186 |
| Total Operating Expenses | 101,165 | 99,494 | 101,490 |
| Operating Income | 32,448 | 28,798 | 30,378 |
| Equity in earnings (losses) of unconsolidated businesses | 145 | (45) | (15) |
| Other income (expense), net | 312 | (539) | (2,900) |
| Interest expense | (3,485) | (4,247) | (4,730) |
| Income Before Provision For Income Taxes | 29,420 | 23,967 | 22,733 |
| Provision for income taxes | (6,802) | (5,619) | (2,945) |
| Net Income | 22,618 | 18,348 | 19,788 |
| Net income attributable to noncontrolling interests | 553 | 547 | 523 |
| Net income attributable to Verizon | 22,065 | 17,801 | 19,265 |
| Net Income | 22,618 | 18,348 | 19,788 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon (in USD per share) | 5.32 | 4.30 | 4.66 |
| Weighted-average shares outstanding (in shares) | 4,148 | 4,140 | 4,138 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon (in USD per share) | 5.32 | 4.30 | 4.65 |
| Weighted-average shares outstanding (in shares) | 4,150 | 4,142 | 4,140 |
| Product and Service | |||
| Service revenues and other | |||
| Operating Revenues | 110,449 | 109,872 | 110,305 |
| Service | |||
| Cost of services and equipment | 31,234 | 31,401 | 31,772 |
| Wireless equipment | |||
| Operating Revenues | 23,164 | 18,420 | 21,563 |
| Cost of services and equipment | 25,067 | 19,800 | 22,954 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2021 | |
| 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 |