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Verizon Communications$53.25$.581.10%

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Income Statement for Verizon Communications
(Amounts are in millions) 12/2016 12/2015 12/2014
Press Release Press Release Press Release
Net Sales or Revenues $125,980.00 $131,620.00 $127,079.00
Cost of Goods Sold $51,424.00 $52,557.00 $49,931.00
Gross Profit $74,556.00 $79,063.00 $77,148.00
       
Research & Development Expense $0.00 $0.00 $0.00
Selling, General, & Admin. Expense $31,569.00 $29,986.00 $41,016.00
Income Before Depreciation $42,987.00 $49,077.00 $36,132.00
       
Depreciation, Depletion, Amortization $15,928.00 $16,017.00 $16,533.00
Non-Operating Income ($1,697.00) $100.00 $586.00
Interest Expense $4,376.00 $4,920.00 $4,915.00
Pretax Income $20,986.00 $28,240.00 $15,270.00
       
Provision for Income Taxes $7,378.00 $9,865.00 $3,314.00
Minority Interest $481.00 $496.00 $2,331.00
Investment Gains (Losses) $0.00 $0.00 $0.00
Other Income $0.00 $0.00 $0.00
Income Before Extraordinaries $13,608.00 $18,375.00 $11,956.00
       
Extraordinary Items & Disc. Operations $0.00 $0.00 $0.00
Net Income $13,127.00 $17,879.00 $9,625.00
       
Basic Earnings Per Share $3.22 $4.38 $2.42
Diluted Earnings Per Share $3.21 $4.37 $2.42
       
Weighted Average Basic Shares Outstanding 4,080.00 4,085.00 3,974.00
Weighted Average Diluted Shares Outstanding 4,086.00 4,093.00 3,981.00
       
Income Before Non-Recurring Items $15,792.90 $16,323.66 $13,327.33
Income From Non-Recurring Items ($2,665.90) $1,555.34 ($3,702.33)
Diluted Earnings Per Share before extras $3.86 $3.99 $3.35
       
Dividend (preferred) N/A N/A N/A
Dividend (common) $9,264.15 $9,021.69 $8,880.41
Dividend Per Share (common) $2.27 $2.22 $2.14




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