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Verizon Communications Inc. (VZ)
Common-Size Income Statement
Beginner level
Verizon Communications Inc., common-size consolidated income statement
Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-23).
| Income statement item | Description | The company |
|---|---|---|
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | Verizon Communications Inc.’s operating income as a percentage of operating revenues increased from 2016 to 2017 but then decreased significantly from 2017 to 2018. |
| Income before (provision) benefit for income taxes | Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. | Verizon Communications Inc.’s income before (provision) benefit for income taxes as a percentage of operating revenues decreased from 2016 to 2017 and from 2017 to 2018. |
| Net income attributable to Verizon | The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. | Verizon Communications Inc.’s net income attributable to Verizon as a percentage of operating revenues increased from 2016 to 2017 but then slightly decreased from 2017 to 2018 not reaching 2016 level. |