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Microsoft Excel LibreOffice Calc

Verizon Communications Inc. (VZ)


Income Statement

Beginner level

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, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Service revenues and other hidden hidden hidden hidden hidden
Wireless equipment revenues hidden hidden hidden hidden hidden
Operating revenues hidden hidden hidden hidden hidden
Cost of services hidden hidden hidden hidden hidden
Wireless cost of equipment hidden hidden hidden hidden hidden
Cost of services and sales hidden hidden hidden hidden hidden
Gross profit hidden hidden hidden hidden hidden
Selling, general and administrative expense, including net gain on sale of divested businesses hidden hidden hidden hidden hidden
Depreciation and amortization expense hidden hidden hidden hidden hidden
Oath goodwill impairment hidden hidden hidden hidden hidden
Operating income hidden hidden hidden hidden hidden
Equity in earnings (losses) of unconsolidated businesses hidden hidden hidden hidden hidden
Interest income hidden hidden hidden hidden hidden
Other components of net periodic benefit income hidden hidden hidden hidden hidden
Other, net hidden hidden hidden hidden hidden
Other income (expense), net hidden hidden hidden hidden hidden
Interest expense hidden hidden hidden hidden hidden
Income before (provision) benefit for income taxes hidden hidden hidden hidden hidden
(Provision) benefit for income taxes hidden hidden hidden hidden hidden
Net income hidden hidden hidden hidden hidden
Net income attributable to noncontrolling interests hidden hidden hidden hidden hidden
Net income attributable to Verizon hidden hidden hidden hidden hidden

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 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 2016 to 2017 and from 2017 to 2018.
Operating income The net result for the period of deducting operating expenses from operating revenues. Verizon Communications Inc.’s operating income 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 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 increased from 2016 to 2017 but then slightly decreased from 2017 to 2018 not reaching 2016 level.