Verizon Historical Income Statement
| VZ Stock | USD 42.50 0.28 0.66% |
Historical analysis of Verizon Communications income statement accounts such as Depreciation And Amortization of 11.8 B, Interest Expense of 5.8 B or Total Revenue of 78.9 B can show how well Verizon Communications performed in making a profits. Evaluating Verizon Communications income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Verizon Communications's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Verizon Communications latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Verizon Communications is a good buy for the upcoming year.
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About Verizon Income Statement Analysis
Verizon Communications Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Verizon Communications shareholders. The income statement also shows Verizon investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Verizon Communications Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Verizon Communications generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Verizon Communications minus its cost of goods sold. It is profit before Verizon Communications operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Verizon Communications. It is also known as Verizon Communications overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Verizon Communications operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Verizon Communications is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Verizon Communications whose combined shares represent less than 50% of the total outstanding shares issued by Verizon Communications have a minority interest in Verizon Communications.Most accounts from Verizon Communications' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Verizon Communications current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Verizon Communications. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Verizon Stock please use our How to Invest in Verizon Communications guide.At this time, Verizon Communications' Interest Expense is fairly stable compared to the past year. Net Income Applicable To Common Shares is likely to rise to about 25.7 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 11.8 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 77.3B | 77.7B | 79.1B | 46.5B | Total Revenue | 133.6B | 136.8B | 134.0B | 78.9B |
Verizon Communications income statement Correlations
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Verizon Communications income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 14.0B | 16.7B | 16.2B | 17.1B | 17.6B | 11.8B | |
| Interest Expense | 4.7B | 4.2B | 3.5B | 3.6B | 5.5B | 5.8B | |
| Total Revenue | 131.9B | 128.3B | 133.6B | 136.8B | 134.0B | 78.9B | |
| Gross Profit | 77.1B | 77.1B | 77.3B | 77.7B | 79.1B | 46.5B | |
| Other Operating Expenses | 101.3B | 99.5B | 101.2B | 106.4B | 111.1B | 63.8B | |
| Operating Income | 30.4B | 28.8B | 32.4B | 30.5B | 22.9B | 15.0B | |
| Ebit | 30.4B | 31.4B | 36.7B | 31.5B | 22.5B | 15.0B | |
| Ebitda | 44.3B | 48.1B | 52.9B | 48.6B | 40.1B | 26.8B | |
| Cost Of Revenue | 54.7B | 51.2B | 56.3B | 59.1B | 54.9B | 32.4B | |
| Total Operating Expenses | 46.6B | 48.3B | 44.9B | 47.2B | 56.3B | 31.3B | |
| Income Before Tax | 22.7B | 24.0B | 29.4B | 28.3B | 17.0B | 12.3B | |
| Total Other Income Expense Net | (7.6B) | (4.8B) | (3.0B) | (2.2B) | (5.9B) | (5.6B) | |
| Net Income | 19.3B | 17.8B | 22.1B | 21.3B | 11.6B | 7.8B | |
| Income Tax Expense | 2.9B | 5.6B | 6.8B | 6.5B | 4.9B | 2.6B | |
| Selling General Administrative | 26.8B | 28.5B | 25.3B | 26.6B | 27.5B | 26.4B | |
| Net Income Applicable To Common Shares | 19.3B | 17.8B | 22.1B | 21.3B | 24.4B | 25.7B | |
| Minority Interest | 523M | 547M | (553M) | (492M) | (470M) | (446.5M) | |
| Net Income From Continuing Ops | 19.8B | 18.3B | 22.6B | 21.7B | 21.4B | 21.0B | |
| Non Operating Income Net Other | (2.9B) | (584M) | 457M | 1.4B | 1.6B | 1.7B | |
| Tax Provision | 2.9B | 5.6B | 6.8B | 6.5B | 6.2B | 4.8B | |
| Interest Income | 121M | 4.3B | 3.3B | 3.6B | 348M | 330.6M | |
| Net Interest Income | (4.6B) | (4.2B) | (3.5B) | (3.6B) | (4.7B) | (4.9B) | |
| Reconciled Depreciation | 16.7B | 16.7B | 16.2B | 17.1B | 17.3B | 18.6B |
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When running Verizon Communications' price analysis, check to measure Verizon Communications' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Verizon Communications is operating at the current time. Most of Verizon Communications' value examination focuses on studying past and present price action to predict the probability of Verizon Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Verizon Communications' price. Additionally, you may evaluate how the addition of Verizon Communications to your portfolios can decrease your overall portfolio volatility.