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Verizon Communications$55.95$.19.34%

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Income Statement for Verizon Communications
(Amounts are in millions) 12/2018 12/2017 12/2016
Press Release Press Release Press Release
Net Sales or Revenues $130,863.00 $126,034.00 $125,980.00
Cost of Goods Sold $55,508.00 $51,556.00 $51,424.00
Gross Profit $75,355.00 $74,478.00 $74,556.00
       
Research & Development Expense N/A $0.00 $0.00
Selling, General, & Admin. Expense $31,083.00 $30,110.00 $31,569.00
Income Before Depreciation $44,272.00 $44,368.00 $42,987.00
       
Depreciation, Depletion, Amortization $21,994.00 $16,954.00 $15,928.00
Non-Operating Income $2,178.00 ($2,087.00) ($1,697.00)
Interest Expense $4,833.00 $4,733.00 $4,376.00
Pretax Income $19,623.00 $20,594.00 $20,986.00
       
Provision for Income Taxes $3,584.00 ($9,956.00) $7,378.00
Minority Interest $511.00 $449.00 $481.00
Investment Gains (Losses) N/A $0.00 $0.00
Other Income N/A $0.00 $0.00
Income Before Extraordinaries $16,039.00 $30,550.00 $13,608.00
       
Extraordinary Items & Disc. Operations $0.00 $0.00 $0.00
Net Income $15,528.00 $30,101.00 $13,127.00
       
Basic Earnings Per Share $3.76 $7.37 $3.22
Diluted Earnings Per Share $3.76 $7.36 $3.21
       
Weighted Average Basic Shares Outstanding 4,128.00 4,084.00 4,080.00
Weighted Average Diluted Shares Outstanding 4,132.00 4,089.00 4,086.00
       
Income Before Non-Recurring Items $19,477.00 $15,297.00 $15,792.90
Income From Non-Recurring Items ($3,949.00) $14,804.00 ($2,665.90)
Diluted Earnings Per Share before extras $4.71 $3.74 $3.86
       
Dividend (preferred) N/A N/A N/A
Dividend (common) $9,793.59 $9,473.48 $9,264.15
Dividend Per Share (common) $2.37 $2.32 $2.27




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