$VZ
VERIZON COMMUNICATIONS INC

2018 Q2 Form 10-Q Financial Statement

#000073271218000044 Filed on July 31, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $32.20B $30.55B
YoY Change 5.42% 0.05%
Cost Of Revenue $13.33B $7.075B
YoY Change 88.38% -6.63%
Gross Profit $18.88B $23.47B
YoY Change -19.59% 2.26%
Gross Profit Margin 58.61% 76.84%
Selling, General & Admin $7.605B $5.883B
YoY Change 29.27% -39.82%
% of Gross Profit 40.29% 25.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.350B $4.167B
YoY Change 4.39% 4.65%
% of Gross Profit 23.05% 17.75%
Operating Expenses $7.605B $5.883B
YoY Change 29.27% -39.82%
Operating Profit $6.617B $8.013B
YoY Change -17.42% -0.96%
Interest Expense $1.222B $1.218B
YoY Change 0.33% 20.24%
% of Operating Profit 18.47% 15.2%
Other Income/Expense, Net $360.0M $199.0M
YoY Change 80.9% -110.9%
Pretax Income $5.527B $6.967B
YoY Change -20.67% 311.03%
Income Tax $1.281B $2.489B
% Of Pretax Income 23.18% 35.73%
Net Earnings $4.120B $4.362B
YoY Change -5.55% 521.37%
Net Earnings / Revenue 12.79% 14.28%
Basic Earnings Per Share $1.00 $1.07
Diluted Earnings Per Share $1.00 $1.07
COMMON SHARES
Basic Shares Outstanding 4.135B shares 4.082B shares
Diluted Shares Outstanding 4.139B shares 4.087B shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.750B $4.583B
YoY Change -61.82% 60.41%
Cash & Equivalents $1.750B $4.583B
Short-Term Investments
Other Short-Term Assets $4.149B $3.353B
YoY Change 23.74% -10.87%
Inventory $1.102B $1.116B
Prepaid Expenses
Receivables $23.10B $19.77B
Other Receivables $0.00 $0.00
Total Short-Term Assets $30.88B $28.82B
YoY Change 7.12% 38.28%
LONG-TERM ASSETS
Property, Plant & Equipment $87.78B $86.52B
YoY Change 1.46% 4.03%
Goodwill $29.20B $28.53B
YoY Change 2.36% 12.24%
Intangibles
YoY Change
Long-Term Investments $787.0M $1.075B
YoY Change -26.79% 30.78%
Other Assets $10.94B $8.795B
YoY Change 24.42% 21.56%
Total Long-Term Assets $232.4B $224.2B
YoY Change 3.69% 6.22%
TOTAL ASSETS
Total Short-Term Assets $30.88B $28.82B
Total Long-Term Assets $232.4B $224.2B
Total Assets $263.3B $253.0B
YoY Change 4.08% 9.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.56B $17.83B
YoY Change 4.12% -6.63%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.466B $0.00
YoY Change -100.0%
Total Short-Term Liabilities $32.33B $27.76B
YoY Change 16.47% -19.33%
LONG-TERM LIABILITIES
Long-Term Debt $109.2B $116.4B
YoY Change -6.2% 25.26%
Other Long-Term Liabilities $13.20B $12.79B
YoY Change 3.23% 7.35%
Total Long-Term Liabilities $177.4B $12.79B
YoY Change 1287.23% 7.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.33B $27.76B
Total Long-Term Liabilities $177.4B $12.79B
Total Liabilities $209.7B $40.55B
YoY Change 417.26% -12.47%
SHAREHOLDERS EQUITY
Retained Earnings $41.66B $18.16B
YoY Change 129.4% 55.84%
Common Stock $429.0M $424.0M
YoY Change 1.18% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.990B $7.142B
YoY Change -2.13% -1.88%
Treasury Stock Shares
Shareholders Equity $52.02B $25.19B
YoY Change
Total Liabilities & Shareholders Equity $263.3B $253.0B
YoY Change 4.08% 9.1%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $4.120B $4.362B
YoY Change -5.55% 521.37%
Depreciation, Depletion And Amortization $4.350B $4.167B
YoY Change 4.39% 4.65%
Cash From Operating Activities $9.785B $7.930B
YoY Change 23.39% 44.47%
INVESTING ACTIVITIES
Capital Expenditures -$3.471B -$4.063B
YoY Change -14.57% 0.64%
Acquisitions
YoY Change
Other Investing Activities $28.00M -$646.0M
YoY Change -104.33% -106.38%
Cash From Investing Activities -$3.443B -$4.709B
YoY Change -26.88% -177.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.549B -2.765B
YoY Change 136.85% -81.02%
NET CHANGE
Cash From Operating Activities 9.785B 7.930B
Cash From Investing Activities -3.443B -4.709B
Cash From Financing Activities -6.549B -2.765B
Net Change In Cash -207.0M 456.0M
YoY Change -145.39% -115.26%
FREE CASH FLOW
Cash From Operating Activities $9.785B $7.930B
Capital Expenditures -$3.471B -$4.063B
Free Cash Flow $13.26B $11.99B
YoY Change 10.53% 25.9%

Facts In Submission

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