$VZ
VERIZON COMMUNICATIONS INC

2019 Q1 Form 8-K Financial Statement

#000073271219000055 Filed on August 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $32.13B $31.77B
YoY Change 1.12% 6.57%
Cost Of Revenue $12.99B $7.946B
YoY Change 63.48% 9.77%
Gross Profit $19.14B $23.83B
YoY Change -19.68% 5.54%
Gross Profit Margin 59.57% 74.99%
Selling, General & Admin $7.198B $6.844B
YoY Change 5.17% 1.45%
% of Gross Profit 37.61% 28.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.231B $4.324B
YoY Change -2.15% 6.53%
% of Gross Profit 22.11% 18.15%
Operating Expenses $7.198B $6.844B
YoY Change 5.17% 1.45%
Operating Profit $7.709B $7.349B
YoY Change 4.9% 5.54%
Interest Expense $1.210B $1.201B
YoY Change 0.75% 6.1%
% of Operating Profit 15.7% 16.34%
Other Income/Expense, Net $295.0M -$75.00M
YoY Change -493.33% -88.04%
Pretax Income $6.788B $6.054B
YoY Change 12.12% 16.83%
Income Tax $1.628B $1.388B
% Of Pretax Income 23.98% 22.93%
Net Earnings $5.032B $4.545B
YoY Change 10.72% 31.74%
Net Earnings / Revenue 15.66% 14.31%
Basic Earnings Per Share $1.22 $1.11
Diluted Earnings Per Share $1.22 $1.11
COMMON SHARES
Basic Shares Outstanding 4.138B shares 4.104B shares
Diluted Shares Outstanding 4.140B shares 4.107B shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.322B $1.923B
YoY Change 20.75% -55.35%
Cash & Equivalents $2.322B $1.923B
Short-Term Investments
Other Short-Term Assets $4.419B $5.222B
YoY Change -15.38% 8.93%
Inventory $1.417B $1.285B
Prepaid Expenses
Receivables $24.47B $23.55B
Other Receivables $0.00 $0.00
Total Short-Term Assets $33.40B $31.03B
YoY Change 7.65% 14.24%
LONG-TERM ASSETS
Property, Plant & Equipment $87.85B $87.92B
YoY Change -0.08% 3.18%
Goodwill $24.64B $29.12B
YoY Change -15.4% 5.4%
Intangibles
YoY Change
Long-Term Investments $674.0M $994.0M
YoY Change -32.19% -7.96%
Other Assets $9.669B $10.97B
YoY Change -11.83% 33.37%
Total Long-Term Assets $250.6B $233.5B
YoY Change 7.31% 6.34%
TOTAL ASSETS
Total Short-Term Assets $33.40B $31.03B
Total Long-Term Assets $250.6B $233.5B
Total Assets $283.9B $264.5B
YoY Change 7.35% 7.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.66B $17.05B
YoY Change 9.45% 15.01%
Accrued Expenses $2.997B
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.614B $6.323B
YoY Change 36.23% 70.57%
Total Short-Term Liabilities $38.61B $31.62B
YoY Change 22.12% 18.57%
LONG-TERM LIABILITIES
Long-Term Debt $105.0B $112.7B
YoY Change -6.82% -0.09%
Other Long-Term Liabilities $12.11B $12.34B
YoY Change -1.88% 0.6%
Total Long-Term Liabilities $187.9B $180.6B
YoY Change 4.06% 1372.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.61B $31.62B
Total Long-Term Liabilities $187.9B $180.6B
Total Liabilities $226.5B $212.2B
YoY Change 6.75% 445.02%
SHAREHOLDERS EQUITY
Retained Earnings $43.95B $37.87B
YoY Change 16.07% 134.43%
Common Stock $429.0M $429.0M
YoY Change 0.0% 1.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.825B $6.992B
YoY Change -2.39% -2.13%
Treasury Stock Shares
Shareholders Equity $55.86B $50.78B
YoY Change
Total Liabilities & Shareholders Equity $283.9B $264.5B
YoY Change 7.35% 7.21%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $5.032B $4.545B
YoY Change 10.72% 31.74%
Depreciation, Depletion And Amortization $4.231B $4.324B
YoY Change -2.15% 6.53%
Cash From Operating Activities $7.081B $6.648B
YoY Change 6.51% 383.14%
INVESTING ACTIVITIES
Capital Expenditures -$4.372B -$5.522B
YoY Change -20.83% 69.23%
Acquisitions $25.00M $32.00M
YoY Change -21.88% -98.17%
Other Investing Activities $406.0M -$269.0M
YoY Change -250.93% -41.39%
Cash From Investing Activities -$4.803B -$5.285B
YoY Change -9.12% 16.15%
FINANCING ACTIVITIES
Cash Dividend Paid $2.489B $2.407B
YoY Change 3.41% 2.25%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$2.657B -$1.316B
YoY Change 101.9% -128.21%
NET CHANGE
Cash From Operating Activities $7.081B $6.648B
Cash From Investing Activities -$4.803B -$5.285B
Cash From Financing Activities -$2.657B -$1.316B
Net Change In Cash -$379.0M $47.00M
YoY Change -906.38% -96.85%
FREE CASH FLOW
Cash From Operating Activities $7.081B $6.648B
Capital Expenditures -$4.372B -$5.522B
Free Cash Flow $11.45B $12.17B
YoY Change -5.89% 162.34%

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CY2019Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-113000000 USD
CY2019Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
41000000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-154000000 USD
CY2019Q1 us-gaap Revenues
Revenues
32128000000 USD
CY2018Q1 us-gaap Revenues
Revenues
31772000000 USD
CY2019Q1 vz Other Components Of Net Periodic Benefit Cost Income
OtherComponentsOfNetPeriodicBenefitCostIncome
203000000 USD
CY2018Q1 vz Other Components Of Net Periodic Benefit Cost Income
OtherComponentsOfNetPeriodicBenefitCostIncome
208000000 USD
CY2019Q1 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
0 USD
CY2018Q1 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
107000000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
7709000000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
7349000000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-6000000 USD
CY2018Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-19000000 USD
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
295000000 USD
CY2018Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-75000000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
1210000000 USD
CY2018Q1 us-gaap Interest Expense
InterestExpense
1201000000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6788000000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6054000000 USD
CY2019Q1 vz Approximate Number Of Federal District Court Actions Alleged For Patent Infringement
ApproximateNumberOfFederalDistrictCourtActionsAllegedForPatentInfringement
30 legal_matter

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