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Verizon Communications$54.79$.49.90%

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Income Statement for Verizon Communications
(Amounts are in millions) 12/2019 12/2018 12/2017
Press Release Press Release Press Release
Net Sales or Revenues $131,868.00 $130,863.00 $126,034.00
Cost of Goods Sold $54,726.00 $55,508.00 $51,556.00
Gross Profit $77,142.00 $75,355.00 $74,478.00
       
Research & Development Expense $0.00 $0.00 $0.00
Selling, General, & Admin. Expense $29,896.00 $31,083.00 $30,110.00
Income Before Depreciation $47,246.00 $44,272.00 $44,368.00
       
Depreciation, Depletion, Amortization $16,868.00 $21,994.00 $16,954.00
Non-Operating Income ($2,915.00) $2,178.00 ($2,087.00)
Interest Expense $4,730.00 $4,833.00 $4,733.00
Pretax Income $22,733.00 $19,623.00 $20,594.00
       
Provision for Income Taxes $2,945.00 $3,584.00 ($9,956.00)
Minority Interest $523.00 $511.00 $449.00
Investment Gains (Losses) $0.00 $0.00 $0.00
Other Income $0.00 $0.00 $0.00
Income Before Extraordinaries $19,788.00 $16,039.00 $30,550.00
       
Extraordinary Items & Disc. Operations $0.00 $0.00 $0.00
Net Income $19,265.00 $15,528.00 $30,101.00
       
Basic Earnings Per Share $4.66 $3.76 $7.37
Diluted Earnings Per Share $4.65 $3.76 $7.36
       
Weighted Average Basic Shares Outstanding 4,138.00 4,128.00 4,084.00
Weighted Average Diluted Shares Outstanding 4,140.00 4,132.00 4,089.00
       
Income Before Non-Recurring Items $19,920.00 $19,477.00 $15,297.00
Income From Non-Recurring Items ($655.00) ($3,949.00) $14,804.00
Diluted Earnings Per Share before extras $4.81 $4.71 $3.74
       
Dividend (preferred) N/A N/A N/A
Dividend (common) $10,018.94 $9,803.21 $9,473.48
Dividend Per Share (common) $2.42 $2.37 $2.32




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