Verizon communications inc. (VZ)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Operating Revenues
Revenues

31,610

34,775

32,894

32,071

32,128

34,281

32,607

32,203

31,772

33,955

31,717

30,548

29,814

32,340

30,937

30,532

32,171

34,254

33,158

32,224

31,984

33,192

31,586

31,483

30,818

31,065

30,279

29,786

29,420

30,045

29,007

28,552

28,242

28,436

27,913

27,536

26,990

26,395

26,484

26,773

26,913

27,091

27,265

26,861

26,591

24,752

24,124

Operating Expenses
Selling, general and administrative expense

8,585

8,214

7,216

7,268

7,198

9,410

7,224

7,605

6,844

8,480

7,483

5,883

6,746

2,501

8,226

9,775

7,600

7,405

8,309

7,974

7,939

16,857

8,277

7,550

8,332

2,857

8,037

8,047

8,148

16,008

8,366

7,877

7,700

13,278

7,689

7,373

7,284

5,291

8,407

9,970

7,698

7,174

8,111

7,871

7,561

6,879

6,528

Depreciation and amortization expense

4,150

4,105

4,114

4,232

4,231

4,352

4,377

4,350

4,324

4,456

4,272

4,167

4,059

3,987

3,942

3,982

4,017

4,039

4,009

3,980

3,989

4,068

4,167

4,161

4,137

4,183

4,154

4,151

4,118

4,137

4,167

4,128

4,028

4,180

4,179

4,113

4,024

4,083

4,023

4,177

4,122

4,243

4,172

4,091

4,028

3,652

3,584

Total Operating Expenses

25,031

28,136

24,714

24,221

24,419

33,644

24,932

25,586

24,423

28,494

24,729

22,534

22,852

22,127

24,397

25,978

24,229

26,955

25,623

24,403

24,024

35,328

24,696

23,798

23,658

19,002

23,151

23,231

23,198

33,214

23,524

22,901

23,047

29,548

23,266

22,644

22,537

19,984

23,101

26,363

22,472

24,211

23,279

22,443

21,897

20,579

19,578

Operating Income (Loss)

6,579

6,639

8,180

7,850

7,709

637

7,675

6,617

7,349

5,461

6,988

8,014

6,962

10,213

6,540

4,554

7,942

7,299

7,535

7,821

7,960

-2,136

6,890

7,685

7,160

12,063

7,128

6,555

6,222

-3,169

5,483

5,651

5,195

-1,112

4,647

4,892

4,453

6,411

3,383

410

4,441

2,880

3,986

4,418

4,694

4,173

4,546

Equity in losses of unconsolidated businesses

-12

5

-1

-13

-6

64

-3

-228

-19

-6

-22

-28

-21

-35

-23

-20

-20

-16

-18

-18

-34

-31

-48

-43

1,902

8

19

120

-5

87

62

72

103

97

125

121

101

113

141

121

133

131

166

128

128

211

150

Other income, net

143

-1,773

-110

-1,312

295

1,865

214

360

-75

-1,302

-291

199

-627

-2,092

97

-1,826

32

2,473

51

32

75

-437

71

66

-894

-250

20

25

39

-1,079

10

34

19

-84

24

10

36

43

-51

16

46

14

13

11

53

105

92

Interest expense

1,034

1,159

1,146

1,215

1,210

1,199

1,211

1,222

1,201

1,219

1,164

1,218

1,132

1,137

1,038

1,013

1,188

1,178

1,202

1,208

1,332

1,282

1,255

1,164

1,214

1,061

555

514

537

575

632

679

685

703

698

717

709

567

597

679

680

686

704

787

925

440

403

Income Before Provision For Income Taxes

5,676

3,712

6,923

5,310

6,788

1,367

6,675

5,527

6,054

2,934

5,511

6,967

5,182

6,949

5,576

1,695

6,766

8,578

6,366

6,627

6,669

-3,886

5,658

6,544

6,954

10,760

6,612

6,186

5,719

-4,736

4,923

5,078

4,632

-1,802

4,098

4,306

3,881

6,000

2,876

-132

3,940

2,339

3,461

3,770

3,950

4,049

4,385

Provision for income taxes

1,389

-1,505

1,586

1,236

1,628

-698

1,613

1,281

1,388

-15,849

1,775

2,489

1,629

2,349

1,829

864

2,336

3,065

2,195

2,274

2,331

-1,738

1,864

2,220

968

2,844

1,034

988

864

-2,810

631

793

726

-1,590

556

702

617

1,352

178

-685

1,622

-5

574

610

740

850

981

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

4,287

5,217

5,337

4,074

5,160

2,065

5,062

4,246

4,666

18,783

3,736

4,478

3,553

4,600

3,747

831

4,430

5,513

4,171

4,353

4,338

-2,148

3,794

4,324

5,986

7,916

5,578

5,198

4,855

-1,926

4,292

4,285

3,906

-212

3,542

3,604

3,264

4,648

2,698

553

2,318

2,344

2,887

3,160

3,210

3,199

3,404

Net income attributable to noncontrolling interests

131

122

143

130

128

126

138

126

121

114

116

116

103

105

127

129

120

122

133

122

119

501

-99

-110

2,039

2,849

3,346

2,952

2,903

2,303

2,699

2,460

2,220

10,127

-2,163

-1,995

1,825

2,009

2,039

1,745

1,875

1,754

1,711

1,677

1,565

1,530

1,522

Net income attributable to Verizon

4,156

5,095

5,194

3,944

5,032

1,939

4,924

4,120

4,545

18,669

3,620

4,362

3,450

4,495

3,620

702

4,310

5,391

4,038

4,231

4,219

-2,231

3,695

4,214

3,947

5,067

2,232

2,246

1,952

-4,229

1,593

1,825

1,686

-2,023

1,379

1,609

1,439

2,639

659

-1,192

443

590

1,176

1,483

1,645

1,669

1,882

Basic Earnings Per Common Share
Net income attributable to Verizon (USD per share)

1.00

1.23

1.26

0.95

1.22

0.46

1.19

1.00

1.11

4.56

0.89

1.07

0.85

1.10

0.89

0.17

1.06

1.32

0.99

1.04

1.03

-0.64

0.89

1.02

1.15

1.77

0.78

0.78

0.68

-1.48

0.56

0.64

0.59

-0.72

0.49

0.57

0.51

0.93

0.23

-0.42

0.16

0.21

0.41

0.52

0.58

0.59

0.66

Weighted-average shares outstanding (in shares)

4,139

4,138

4,138

4,138

4,138

4,137

4,136

4,135

4,104

4,088

4,084

4,082

4,082

4,082

4,079

4,079

4,080

4,073

4,072

4,079

4,116

4,172

4,152

4,147

3,425

2,867

2,866

2,865

2,866

2,864

2,857

2,849

2,842

2,836

2,834

2,832

2,830

2,828

2,829

2,827

2,836

2,841

2,841

2,841

2,841

2,844

2,850

Diluted Earnings Per Common Share
Net income attributable to Verizon (USD per share)

1.00

1.23

1.25

0.95

1.22

0.46

1.19

1.00

1.11

4.56

0.89

1.07

0.84

1.09

0.89

0.17

1.06

1.32

0.99

1.04

1.02

-0.63

0.89

1.01

1.15

1.76

0.78

0.78

0.68

-1.48

0.56

0.64

0.59

-0.72

0.49

0.57

0.51

0.93

0.23

-0.42

0.16

0.21

0.41

0.52

0.58

0.59

0.66

Weighted-average shares outstanding (in shares)

4,141

4,141

4,140

4,139

4,140

4,142

4,140

4,139

4,107

4,093

4,089

4,087

4,087

4,088

4,086

4,085

4,085

4,088

4,078

4,085

4,121

4,182

4,159

4,153

3,430

2,878

2,874

2,872

2,872

2,875

2,866

2,858

2,849

2,845

2,839

2,838

2,834

2,838

2,830

2,827

2,837

2,841

2,841

2,841

2,841

2,845

2,851

Dividends declared per common share (USD per share)

-

-

-

-

-

-

-

-

-

-

0.59

0.57

0.57

-

0.57

0.56

0.56

-

0.56

0.55

0.55

-

0.55

0.53

0.53

-

0.53

0.51

0.51

-

0.51

0.50

0.50

-

0.50

0.48

0.48

-

0.48

0.47

0.47

-

0.47

0.46

0.46

0.46

0.43

Service and Other
Revenues

27,481

28,004

27,753

27,351

27,197

27,460

27,254

27,159

26,732

27,480

27,365

26,250

26,050

26,610

26,813

26,828

28,217

28,856

28,866

28,363

28,611

-

29,107

29,096

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wireless equipment
Revenues

4,129

6,771

5,141

4,720

4,931

6,821

5,353

5,044

5,040

6,475

4,352

4,298

3,764

5,730

4,124

3,704

3,954

5,398

4,292

3,861

3,373

-

2,479

2,387

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of services and equipment

4,542

7,255

5,482

5,019

5,198

7,128

5,489

5,397

5,309

7,339

4,965

5,035

4,808

7,356

5,240

4,644

4,998

6,840

5,716

5,455

5,108

237

5,206

4,993

11,189

-16,572

10,960

11,033

10,932

13,069

10,991

10,896

11,319

12,090

11,398

11,158

11,229

10,610

10,671

12,216

10,652

12,794

10,996

10,481

10,308

10,048

9,466

Service
Cost of services and equipment

7,754

8,376

7,902

7,702

7,792

8,163

7,842

8,234

7,946

8,219

8,009

7,449

7,239

8,283

6,989

7,577

7,614

8,671

7,589

6,994

6,988

-

7,046

7,094

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-