Communication Services - Telecommunications Services - NYSE - US
$ 41.65
1.91 %
$ 175 B
Market Cap
18.03
P/E
INCOME STATEMENT
134 B
REVENUE
22.9 B
OPERATING INCOME
12.1 B
NET INCOME
EFFICIENCY
Earnings Waterfall
Verizon Communications Inc.
| Revenue | 134 B |
| Cost Of Revenue | 54.9 B |
| Gross Profit | 79.1 B |
| Operating Expenses | 56.3 B |
| Operating Income | 22.9 B |
| Other Expenses | 10.8 B |
| Net Income | 12.1 B |
Income Statement
Millions
| Dec-2023 | Dec-2022 | Dec-2021 | Dec-2020 | Dec-2019 | Dec-2018 | Dec-2017 | Dec-2016 | Dec-2015 | Dec-2014 | Dec-2013 | Dec-2012 | Dec-2011 | Dec-2010 | Dec-2009 | Dec-2008 | Dec-2007 | Dec-2006 | Dec-2005 | Dec-2004 | Dec-2003 | Dec-2002 | Dec-2001 | Dec-2000 | Dec-1999 | Dec-1998 | Dec-1997 | Dec-1996 | Dec-1995 | Dec-1994 | Dec-1993 | Dec-1992 | Dec-1991 | Dec-1990 | Dec-1989 | Dec-1988 | Dec-1987 | Dec-1986 | Dec-1985 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| REVENUE | |||||||||||||||||||||||||||||||||||||||
| Revenue | 133 974.0 | 136 835.0 | 133 613.0 | 128 292.0 | 131 868.0 | 130 863.0 | 126 034.0 | 125 980.0 | 131 620.0 | 127 079.0 | 120 550.0 | 115 846.0 | 110 875.0 | 106 565.0 | 107 808.0 | 97 354.0 | 93 469.0 | 88 182.0 | 69 518.0 | 65 751.0 | 67 468.0 | 67 056.0 | 66 713.0 | 64 707.0 | 58 194.0 | 31 566.0 | 30 194.0 | 29 155.2 | 27 926.8 | 13 791.4 | 12 990.2 | 12 647.0 | 12 279.7 | 12 298.0 | 11 448.6 | 10 880.1 | 10 298.4 | 9 920.8 | 9 084.2 |
| GROSS PROFIT | |||||||||||||||||||||||||||||||||||||||
| Cost Of Revenue | 54 887.0 | 59 133.0 | 56 301.0 | 51 201.0 | 54 726.0 | 55 508.0 | 53 063.0 | 52 701.0 | 52 557.0 | 49 931.0 | 44 887.0 | 46 275.0 | 45 875.0 | 44 149.0 | 44 579.0 | 38 615.0 | 37 547.0 | 35 309.0 | 24 409.0 | 22 032.0 | 21 701.0 | 19 866.0 | 20 538.0 | 39 481.0 | 33 730.0 | 9 803.0 | 8 444.2 | 7 594.4 | 6 874.8 | 4 001.6 | 4 027.6 | 3 941.5 | 3 936.6 | 3 761.1 | 3 739.1 | 6 281.6 | 5 835.4 | 5 530.3 | 5 275.8 |
| Gross Profit | 79 087.0 | 77 702.0 | 77 312.0 | 77 091.0 | 77 142.0 | 75 355.0 | 72 971.0 | 73 279.0 | 79 063.0 | 77 148.0 | 75 663.0 | 69 571.0 | 65 000.0 | 62 416.0 | 63 229.0 | 58 739.0 | 55 922.0 | 52 873.0 | 45 109.0 | 43 719.0 | 45 767.0 | 47 190.0 | 46 175.0 | 25 226.0 | 24 464.0 | 21 763.0 | 21 749.8 | 21 560.8 | 21 052.0 | 9 789.8 | 8 962.6 | 8 705.5 | 8 343.1 | 8 536.9 | 7 709.5 | 4 598.5 | 4 463.0 | 4 390.5 | 3 808.4 |
| OPERATING INCOME | |||||||||||||||||||||||||||||||||||||||
| Operating Expenses | 56 292.0 | 47 235.0 | 44 864.0 | 48 293.0 | 46 578.0 | 48 486.0 | 43 772.0 | 43 023.0 | 46 003.0 | 57 549.0 | 43 695.0 | 56 411.0 | 52 120.0 | 47 771.0 | 47 251.0 | 56 127.0 | 40 344.0 | 39 500.0 | 33 058.0 | 32 849.0 | 38 501.0 | 35 060.0 | 34 352.0 | 12 261.0 | 9 890.0 | 15 136.0 | 16 408.2 | 15 482.2 | 15 634.6 | 6 985.2 | 6 165.0 | 6 199.3 | 5 817.7 | 5 927.3 | 5 696.7 | 2 354.0 | 2 116.9 | 1 926.6 | 1 483.9 |
| Selling, General and Administrative Expenses | 31 299.0 | 30 136.0 | 28 658.0 | 31 573.0 | 29 896.0 | 31 083.0 | 26 818.0 | 27 095.0 | 29 986.0 | 41 016.0 | 27 089.0 | 39 951.0 | 35 624.0 | 31 366.0 | 30 717.0 | 41 517.0 | 25 967.0 | 24 955.0 | 19 443.0 | 19 346.0 | 24 894.0 | 21 778.0 | 20 829.0 | 0 | 8 241.0 | 9 266.0 | 9 047.2 | 8 703.9 | 8 811.3 | 4 333.1 | 3 619.9 | 3 781.9 | 3 519.0 | 3 550.1 | 3 276.8 | 0 | 0 | 0 | 0 |
| Research and Development Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 22 877.0 | 30 467.0 | 32 448.0 | 28 798.0 | 30 378.0 | 22 278.0 | 27 425.0 | 29 249.0 | 33 060.0 | 19 599.0 | 31 968.0 | 13 160.0 | 12 880.0 | 14 645.0 | 15 978.0 | 2 612.0 | 15 578.0 | 13 373.0 | 12 581.0 | 10 870.0 | 7 407.0 | 14 877.0 | 11 473.0 | 12 965.0 | 14 574.0 | 6 627.0 | 5 341.6 | 6 078.6 | 5 417.4 | 2 804.6 | 2 797.6 | 2 506.2 | 2 525.4 | 2 609.6 | 2 012.8 | 2 244.5 | 2 346.1 | 2 463.9 | 2 324.5 |
| PRE-TAX INCOME | |||||||||||||||||||||||||||||||||||||||
| Interest Income Expense | 5 524.0 | 3 613.0 | 3 485.0 | 4 247.0 | 4 730.0 | 4 833.0 | 4 733.0 | 4 376.0 | 4 920.0 | 4 915.0 | 2 667.0 | 2 571.0 | 2 827.0 | 2 523.0 | 3 102.0 | 1 819.0 | 1 829.0 | 2 349.0 | 2 129.0 | 2 336.0 | 2 797.0 | 3 130.0 | 3 276.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Other Income | (5 890.0) | (2 196.0) | (3 028.0) | (4 831.0) | (7 645.0) | (2 655.0) | (6 831.0) | (8 263.0) | (4 820.0) | (4 329.0) | (2 691.0) | (4 047.0) | (2 397.0) | (1 961.0) | (2 458.0) | (969.0) | (1 033.0) | (1 181.0) | (913.0) | (564.0) | (1 151.0) | (7 343.0) | (8 117.0) | 4 854.0 | (1 406.0) | (1 628.0) | (1 357.5) | (1 167.4) | (882.4) | (517.8) | (524.0) | (480.5) | (529.0) | (627.5) | (467.3) | (397.7) | (391.7) | (392.3) | (421.2) |
| Pre-Tax Income | 16 987.0 | 28 271.0 | 29 420.0 | 23 967.0 | 22 733.0 | 19 623.0 | 20 594.0 | 20 986.0 | 28 240.0 | 15 270.0 | 29 277.0 | 9 897.0 | 10 483.0 | 12 684.0 | 13 520.0 | 1 643.0 | 14 545.0 | 12 192.0 | 11 449.0 | 10 306.0 | 6 256.0 | 7 534.0 | 3 356.0 | 17 819.0 | 13 168.0 | 4 999.0 | 3 984.1 | 4 911.2 | 4 535.0 | 2 286.8 | 2 273.6 | 2 025.7 | 1 996.4 | 1 982.1 | 1 545.5 | 1 846.8 | 1 954.4 | 2 071.6 | 1 903.3 |
| NET INCOME | |||||||||||||||||||||||||||||||||||||||
| Tax Provision | 4 892.0 | 6 523.0 | 6 802.0 | 5 619.0 | 2 945.0 | 3 584.0 | (9 956.0) | 7 378.0 | 9 865.0 | 3 314.0 | 5 730.0 | (660.0) | 285.0 | 2 467.0 | 1 210.0 | 3 331.0 | 3 982.0 | 2 674.0 | 3 210.0 | 2 851.0 | 1 252.0 | 1 618.0 | 2 176.0 | 7 009.0 | 2 557.0 | 2 008.1 | 1 529.2 | 1 011.2 | 1 147.6 | 884.9 | 792.0 | 643.5 | 664.8 | 669.6 | 471.0 | 530.0 | 714.0 | 904.5 | 810.4 |
| Net Income | 11 614.0 | 21 256.0 | 22 065.0 | 17 801.0 | 19 265.0 | 15 528.0 | 30 101.0 | 13 127.0 | 17 879.0 | 9 625.0 | 11 497.0 | 875.0 | 2 404.0 | 2 549.0 | 3 651.0 | 6 428.0 | 5 521.0 | 6 197.0 | 7 397.0 | 7 831.0 | 3 077.0 | 4 079.0 | 389.0 | 11 797.0 | 4 202.0 | 2 965.0 | 2 454.9 | 1 739.4 | 1 858.3 | (754.8) | 1 403.4 | 1 340.6 | 1 331.6 | 1 312.5 | 1 074.5 | 1 316.8 | 1 240.4 | 1 167.1 | 1 092.9 |
| EPS | 2.76 | 5.06 | 5.32 | 4.3 | 4.66 | 3.76 | 7.37 | 3.22 | 4.38 | 2.42 | 4.01 | 0.31 | 0.85 | 0.9 | 1.29 | 2.26 | 1.91 | 2.13 | 2.67 | 2.83 | 1.12 | 1.49 | 0.14 | 4.34 | 1.53 | 1.89 | 1.58 | 1.86 | 2.13 | 0.86 | 0.42 | 1.57 | 1.71 | 1.69 | 1.36 | 1.67 | 1.56 | 1.47 | 1.37 |