Stock Analysis on Net
Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

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Income Statement

The income statement presents information on the financial results of a company’s 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.

Verizon Communications Inc., consolidated income statement

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Service revenues and other
Wireless equipment revenues
Operating revenues
Cost of services
Cost of wireless equipment
Cost of services and wireless equipment
Gross profit
Selling, general and administrative expense
Depreciation and amortization expense
Media goodwill impairment
Operating income
Equity in losses of unconsolidated businesses
Interest income
Other components of net periodic benefit income (cost)
Early debt extinguishment costs
Other, net
Other income (expense), net
Interest expense
Income before (provision) benefit for income taxes
(Provision) benefit for income taxes
Net income
Net income attributable to noncontrolling interests
Net income attributable to Verizon

Based on: 10-K (filing date: 2021-02-25), 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-21).

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.’s operating revenues increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Operating income The net result for the period of deducting operating expenses from operating revenues. Verizon Communications Inc.’s operating income increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.
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 increased from 2018 to 2019 and from 2019 to 2020.
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 increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.