Income Statement
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Verizon Communications Inc. pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Book Value (P/BV) since 2005
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Income statement item | Description | The company |
---|---|---|
Operating revenues | Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. | Verizon Communications Inc. operating revenues decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |
Operating income | The net result for the period of deducting operating expenses from operating revenues. | Verizon Communications Inc. operating income decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |
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. income before (provision) benefit for income taxes increased from 2019 to 2020 and from 2020 to 2021. |
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. net income attributable to Verizon decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |