Verizon Communications Inc. (VZ)

Income Statement (Annual)

Financials in millions USD. Fiscal year is January - December.

Year	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012 - 1994
Revenue	136,835	133,613	128,292	131,868	130,863	126,034	125,980	131,620	127,079	120,550	Upgrade
Revenue Growth (YoY)	2.41%	4.15%	-2.71%	0.77%	3.83%	0.04%	-4.29%	3.57%	5.42%	4.06%	Upgrade
Cost of Revenue	59,133	56,301	51,201	54,726	55,508	53,063	52,701	52,557	49,931	44,887	Upgrade
Gross Profit	77,702	77,312	77,091	77,142	75,355	72,971	73,279	79,063	77,148	75,663	Upgrade
Selling, General & Admin	30,136	28,658	31,573	29,896	31,083	28,592	28,102	29,986	41,016	27,089	Upgrade
Other Operating Expenses	17,099	16,206	16,720	16,868	21,994	16,954	15,928	16,017	16,533	16,606	Upgrade
Operating Expenses	47,235	44,864	48,293	46,764	53,077	45,546	44,030	46,003	57,549	43,695	Upgrade
Operating Income	30,467	32,448	28,798	30,378	22,278	27,425	29,249	33,060	19,599	31,968	Upgrade
Interest Expense / Income	3,613	3,485	4,247	4,730	4,833	4,733	4,376	4,920	4,915	2,667	Upgrade
Other Expense / Income	-925	96	1,131	3,438	-1,667	2,547	4,368	396	1,745	12,074	Upgrade
Pretax Income	27,779	28,867	23,420	22,210	19,112	20,145	20,505	27,744	12,939	17,227	Upgrade
Income Tax	6,523	6,802	5,619	2,945	3,584	-9,956	7,378	9,865	3,314	5,730	Upgrade
Net Income	21,256	22,065	17,801	19,265	15,528	30,101	13,127	17,879	9,625	11,497	Upgrade
Net Income Growth	-3.67%	23.95%	-7.60%	24.07%	-48.41%	129.31%	-26.58%	85.76%	-16.28%	1213.94%	Upgrade
Shares Outstanding (Basic)	4,202	4,148	4,140	4,138	4,128	4,084	4,080	4,085	3,974	2,866	Upgrade
Shares Outstanding (Diluted)	4,204	4,150	4,142	4,140	4,132	4,089	4,086	4,093	3,981	2,874	Upgrade
Shares Change	1.30%	0.19%	0.05%	0.19%	1.05%	0.07%	-0.17%	2.81%	38.52%	0.42%	Upgrade
EPS (Basic)	5.06	5.32	4.30	4.66	3.76	7.37	3.22	4.38	2.42	4.01	Upgrade
EPS (Diluted)	5.06	5.32	4.30	4.65	3.76	7.36	3.21	4.37	2.42	4.00	Upgrade
EPS Growth	-4.89%	23.72%	-7.53%	23.67%	-48.91%	129.28%	-26.54%	80.58%	-39.50%	1190.32%	Upgrade
Free Cash Flow	14,054	19,253	23,576	17,807	17,681	7,071	4,630	21,252	13,440	22,214	Upgrade
Free Cash Flow Per Share	3.35	4.64	5.70	4.30	4.28	1.73	1.14	5.20	3.38	7.75	Upgrade
Dividend Per Share	2.573	2.522	2.473	2.423	2.372	2.321	2.272	2.215	2.140	2.075	Upgrade
Dividend Growth	2.02%	1.98%	2.06%	2.15%	2.20%	2.16%	2.57%	3.50%	3.13%	2.98%	Upgrade
Gross Margin	56.79%	57.86%	60.09%	58.50%	57.58%	57.90%	58.17%	60.07%	60.71%	62.76%	Upgrade
Operating Margin	22.27%	24.29%	22.45%	23.04%	17.02%	21.76%	23.22%	25.12%	15.42%	26.52%	Upgrade
Profit Margin	15.53%	16.51%	13.88%	14.61%	11.87%	23.88%	10.42%	13.58%	7.57%	9.54%	Upgrade
Free Cash Flow Margin	10.27%	14.41%	18.38%	13.50%	13.51%	5.61%	3.68%	16.15%	10.58%	18.43%	Upgrade
Effective Tax Rate	23.48%	23.56%	23.99%	13.26%	18.75%	-49.42%	35.98%	35.56%	25.61%	33.26%	Upgrade
EBITDA	48,491	48,558	44,387	43,622	41,348	41,832	40,809	48,681	34,387	36,500	Upgrade
EBITDA Margin	35.44%	36.34%	34.60%	33.08%	31.60%	33.19%	32.39%	36.99%	27.06%	30.28%	Upgrade
Depreciation & Amortization	17,099	16,206	16,720	16,682	17,403	16,954	15,928	16,017	16,533	16,606	Upgrade
EBIT	31,392	32,352	27,667	26,940	23,945	24,878	24,881	32,664	17,854	19,894	Upgrade
EBIT Margin	22.94%	24.21%	21.57%	20.43%	18.30%	19.74%	19.75%	24.82%	14.05%	16.50%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).