Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

Statement of Comprehensive Income 

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Verizon Communications Inc., consolidated statement of comprehensive income

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income 12,095 21,748 22,618 18,348 19,788
Foreign currency translation adjustments, net of tax 62 (153) (141) 180 16
Unrealized gain (loss) on cash flow hedges, net of tax 88 322 (85) (571) (736)
Unrealized gain (loss) on fair value hedges, net of tax 536 (431)
Unrealized gain (loss) on marketable securities, net of tax 7 (25) (9) (2) 7
Defined benefit pension and postretirement plans, net of tax (208) (651) (621) (676) (659)
Other comprehensive income (loss), net of tax 485 (938) (856) (1,069) (1,372)
Comprehensive income 12,580 20,810 21,762 17,279 18,416
Comprehensive income attributable to noncontrolling interests (481) (492) (553) (547) (523)
Comprehensive income attributable to Verizon 12,099 20,318 21,209 16,732 17,893

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Comprehensive income item Description The company
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.
Comprehensive income attributable to Verizon Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Exclude changes in equity resulting from investments by owners and distributions to owners. Verizon Communications Inc. comprehensive income attributable to Verizon decreased from 2021 to 2022 and from 2022 to 2023.