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Verizon Communications Inc. Revenue and Financial Data

Verizon Communications is the #2 US telecom services provider overall after AT&T, but it holds the top spot in wireless services ahead of rival AT&T Mobility. The company's core mobile business (about two-thirds of sales) is primarily retail and is overseen by Verizon Wireless, which operates as a joint venture with Vodafone; it serves nearly 100 million customers. Verizon's wireline unit, with nearly 24 million landline accounts, provides local telephone, long-distance, Internet access, and digital TV services to residential and wholesale customers. In addition to those services, Verizon offers a wide range of telecom, managed network, and IT services to commercial and government clients in more than 150 countries.

Financials Information for Verizon Communications Inc.

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  • Income Statement
  • Cash Flow
  • Balance Sheet
  • Credit Rating
Income Statement 2012 2011 2010 2009 2008
Revenue $115846.0 $110875.0 $106565.0 $107808.0 $97354.0
Gross Profit $69571.0 $65000.0 $62416.0 $63509.0 $58347.0
Operating Income $13160.0 $12880.0 $14645.0 $14027.0 $16884.0
Net Income $875.0 $2404.0 $2549.0 $3651.0 $6428.0
Diluted EPS $0.31 $0.85 $0.9 $1.29 $2.26
Cash Flow (mil) 2012 2011 2010
Cash at the beginning of the year $13362.0 $6668.0 $2009.0
Net Operating Cash $31486.0 $29780.0 $33363.0
Net Investing Cash $-20502.0 $-17250.0 $-15054.0
Net Financing Cash $-21253.0 $-5836.0 $-13650.0
Net Change in Cash $-10269.0 $6694.0 $4659.0
Cash at end of the year $3093.0 $13362.0 $6668.0
Capital Expenditure $-20110.0 $-16244.0 $-16458.0
Assets (mil) 2012 2011 2010
Current Assets
Cash $3093.0 $13362.0 $6668.0
Net Receivables $12576.0 $11776.0 $11781.0
Inventories $1075.0 $940.0 $1131.0
Other Income Assets $4491.0 $4861.0 $2768.0
Asset Summary
Total Current Assets $21235.0 $30939.0 $22348.0
Net Fixed Assets $88642.0 $88434.0 $87711.0
Other Noncurrent Assets $115345.0 $111088.0 $109946.0
Total Assets $225222.0 $230461.0 $220005.0
Liabilities (mil) 2012 2011 2010
Current Liabilities
Accounts Payable $ $4194.0 $3936.0
Short Term Debt $4369.0 $4849.0 $7542.0
Other Current Liabilities $22587.0 $21718.0 $19119.0
Liability Summary
Total Current Liabilities $26956.0 $30761.0 $30597.0
Long Term Debt $47618.0 $50303.0 $45252.0
Other Noncurrent Liabilities $117491.0 $113427.0 $105587.0
Total Liabilities $192065.0 $194491.0 $181436.0
Stakeholder's Equity (mil) 2012 2011 2010
Equity
Preferred Stock Equity $0.0 $0.0 $0.0
Common Stock Equity $33157.0 $35970.0 $38569.0
Equity Summary
Total Equity $33157.0 $35970.0 $38569.0
Shares Outstanding 2858.57 2834.02 2967.47

Credit Rating

Low
These businesses have a low projected risk of delinquency and a moderate to low risk of failure.

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