Verizon Communications Inc. (VZ) | Common-Size Income Statement
Annual Data | Quarterly Data
Verizon Communications Inc., Common-Size Consolidated Income Statement
| 12 months ended | Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
|---|---|---|---|---|---|---|
| Operating revenues | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |
| Cost of services and sales (exclusive of items shown below) | -39.95 | -41.38 | -41.43 | -41.09 | -40.07 | |
| Gross profit | 60.05% | 58.62% | 58.57% | 58.91% | 59.93% | |
| Selling, general and administrative expense | -34.49 | -32.13 | -29.43 | -30.56 | -27.63 | |
| Depreciation and amortization expense | -14.21 | -14.88 | -15.39 | -15.33 | -14.96 | |
| Operating income | 11.36% | 11.62% | 13.74% | 13.01% | 17.34% | |
| Equity in earnings of unconsolidated businesses | 0.28 | 0.40 | 0.48 | 0.51 | 0.58 | |
| Other income and (expense), net | -0.88 | -0.01 | 0.05 | 0.08 | 0.29 | |
| Interest expense | -2.22 | -2.55 | -2.37 | -2.88 | -1.87 | |
| Income before (provision) benefit for income taxes | 8.54% | 9.45% | 11.90% | 10.73% | 16.35% | |
| (Provision) benefit for income taxes | 0.57 | -0.26 | -2.32 | -1.12 | -3.42 | |
| Net income | 9.11% | 9.20% | 9.59% | 9.61% | 12.92% | |
| Net income attributable to noncontrolling interest | -8.36 | -7.03 | -7.20 | -6.22 | -6.32 | |
| Net income attributable to Verizon | 0.76% | 2.17% | 2.39% | 3.39% | 6.60% |
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