Verizon Communications Inc. Website

Verizon Communications Inc.

NYSE-VZ

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Total Revenues

131,868

128,292

133,613

136,835

133,974

134,243

Total Revenues % Chg.

0.8%

-2.7%

4.1%

2.4%

-2.1%

-0.6%

Cost of Goods Sold, Total

54,726

51,201

56,301

59,133

54,805

53,894

Gross Profit

77,142

77,091

77,312

77,702

79,169

80,349

Selling General & Admin Expenses, Total

29,143

28,982

24,441

29,105

31,299

32,238

Depreciation & Amortization

16,682

16,720

16,206

17,099

17,603

17,854

Other Operating Expenses, Total

45,825

45,702

40,647

46,204

48,902

50,092

Operating Income

31,317

31,389

36,665

31,498

30,267

30,257

Interest Expense, Total

-4,730

-4,247

-3,485

-3,613

-5,524

-6,365

Interest And Investment Income

121

65

48

146

354

348

Net Interest Expenses

-4,609

-4,182

-3,437

-3,467

-5,170

-6,017

Income (Loss) On Equity Invest.

-15

-45

145

44

-53

-52

Currency Exchange Gains (Loss)

—

—

—

—

—

—

—

—

-97

25

-20

Other Non Operating Income (Expenses)

-44

-50

20

15

-62

126

EBT, Excl. Unusual Items

26,649

27,112

33,393

27,993

25,007

24,294

Restructuring Charges

—

—

—

—

—

-221

-209

-304

-1,368

-1,368

Merger & Related Restructuring Charges

—

—

—

—

—

—

—

—

—

—

Impairment of Goodwill

—

—

—

—

-186

—

—

-16

-5,868

-5,868

Gain (Loss) On Sale Of Investments

—

—

—

—

—

—

—

—

—

Legal Settlements

—

—

—

—

—

—

—

—

—

-100

-206

Other Unusual Items

-3,730

-2,924

-3,764

598

-684

-368

EBT, Incl. Unusual Items

22,733

23,967

29,420

28,271

16,987

16,484

Income Tax Expense

2,945

5,619

6,802

6,523

4,892

4,749

Earnings From Continuing Operations

19,788

18,348

22,618

21,748

12,095

11,735

Minority Interest

-523

-547

-553

-492

-481

-483

Net Income

19,265

17,801

22,065

21,256

11,614

11,252

Net Income to Common Incl Extra Items

19,265

17,801

22,065

21,256

11,614

11,252

Net Income to Common Excl. Extra Items

19,265

17,801

22,065

21,256

11,614

11,252

Total Shares Outstanding

4,135.8

4,138.1

4,197.8

4,199.9

4,204.3

4,209.5

Weighted Avg. Shares Outstanding

4,138

4,140

4,148

4,202

4,211

4,215

Weighted Avg. Shares Outstanding Dil

4,140

4,142

4,150

4,204

4,215

4,219

EPS

4.7

4.3

5.3

5.1

2.8

2.7

EPS Diluted

4.7

4.3

5.3

5.1

2.8

2.7

EBITDA

47,999

48,109

52,871

48,597

47,870

48,111

Effective Tax Rate

13%

23.4%

23.1%

23.1%

28.8%

28.8%