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.
|Income statement item
|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 increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
|The net result for the period of deducting operating expenses from operating revenues.
|Verizon Communications Inc. operating income decreased from 2021 to 2022 and from 2022 to 2023.
|Income before provision 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 for income taxes decreased from 2021 to 2022 and from 2022 to 2023.
|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 2021 to 2022 and from 2022 to 2023.