Verizon Communications Inc. (NEO: VZ)
Canada flag Canada · Delayed Price · Currency is CAD
17.52
-0.01 (-0.06%)
Dec 20, 2024, 3:18 PM EST

Verizon Communications Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTM FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 2018 - 2014
Period Ending
Sep '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 2018 - 2014
Revenue
134,237133,974136,835133,613128,292131,868
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Revenue Growth (YoY)
0.11%-2.09%2.41%4.15%-2.71%0.77%
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Cost of Revenue
53,56854,80559,13356,30151,20154,726
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Gross Profit
80,66979,16977,70277,31277,09177,142
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Selling, General & Admin
32,24031,29929,10524,44128,98229,143
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Operating Expenses
50,14248,90246,20440,64745,70245,825
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Operating Income
30,52730,26731,49836,66531,38931,317
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Interest Expense
-6,604-5,524-3,613-3,485-4,247-4,730
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Interest & Investment Income
3473541464865121
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Earnings From Equity Investments
-58-5344145-45-15
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Currency Exchange Gain (Loss)
4025-97---
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Other Non Operating Income (Expenses)
-101-621520-50-44
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EBT Excluding Unusual Items
24,15125,00727,99333,39327,11226,649
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Merger & Restructuring Charges
-2,509-1,368-304-209-221-
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Impairment of Goodwill
-5,868-5,868-16---186
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Legal Settlements
-206-100----
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Other Unusual Items
-974-684598-3,764-2,924-3,730
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Pretax Income
14,59416,98728,27129,42023,96722,733
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Income Tax Expense
4,3324,8926,5236,8025,6192,945
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Earnings From Continuing Operations
10,26212,09521,74822,61818,34819,788
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Minority Interest in Earnings
-466-481-492-553-547-523
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Net Income
9,79611,61421,25622,06517,80119,265
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Net Income to Common
9,79611,61421,25622,06517,80119,265
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Net Income Growth
-53.12%-45.36%-3.67%23.95%-7.60%24.07%
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Shares Outstanding (Basic)
4,2174,2114,2024,1484,1404,138
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Shares Outstanding (Diluted)
4,2204,2154,2044,1504,1424,140
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Shares Change (YoY)
0.19%0.26%1.30%0.19%0.05%0.19%
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EPS (Basic)
2.322.765.065.324.304.66
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EPS (Diluted)
2.312.755.065.324.304.65
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EPS Growth
-53.44%-45.64%-4.90%23.71%-7.53%23.67%
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Free Cash Flow
18,53518,70814,05419,25323,57617,807
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Free Cash Flow Per Share
4.394.443.344.645.694.30
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Dividend Per Share
2.6722.6352.5852.5352.4852.435
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Dividend Growth
1.91%1.93%1.97%2.01%2.05%2.10%
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Gross Margin
60.09%59.09%56.79%57.86%60.09%58.50%
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Operating Margin
22.74%22.59%23.02%27.44%24.47%23.75%
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Profit Margin
7.30%8.67%15.53%16.51%13.88%14.61%
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Free Cash Flow Margin
13.81%13.96%10.27%14.41%18.38%13.50%
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EBITDA
48,42947,87048,59752,87148,10947,999
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EBITDA Margin
36.08%35.73%35.52%39.57%37.50%36.40%
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D&A For EBITDA
17,90217,60317,09916,20616,72016,682
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EBIT
30,52730,26731,49836,66531,38931,317
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EBIT Margin
22.74%22.59%23.02%27.44%24.47%23.75%
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Effective Tax Rate
29.68%28.80%23.07%23.12%23.44%12.95%
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Revenue as Reported
134,237133,974136,835133,613128,292131,868
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Advertising Expenses
-3,8473,5563,3943,1073,071
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Source: S&P Capital IQ. Standard template. Financial Sources.