$VZ
VERIZON COMMUNICATIONS INC

2021 Q1 Form 10-Q Financial Statement

#000073271221000024 Filed on April 27, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $32.87B $31.61B
YoY Change 3.98% -1.61%
Cost Of Revenue $13.52B $12.30B
YoY Change 9.97% -5.34%
Gross Profit $19.35B $19.31B
YoY Change 0.16% 0.92%
Gross Profit Margin 58.86% 61.1%
Selling, General & Admin $7.401B $8.585B
YoY Change -13.79% 19.27%
% of Gross Profit 38.26% 44.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.174B $4.150B
YoY Change 0.58% -1.91%
% of Gross Profit 21.58% 21.49%
Operating Expenses $7.401B $8.585B
YoY Change -13.79% 19.27%
Operating Profit $7.770B $6.579B
YoY Change 18.1% -14.66%
Interest Expense $1.101B $1.034B
YoY Change 6.48% -14.55%
% of Operating Profit 14.17% 15.72%
Other Income/Expense, Net $401.0M $143.0M
YoY Change 180.42% -51.53%
Pretax Income $7.078B $5.676B
YoY Change 24.7% -16.38%
Income Tax $1.700B $1.389B
% Of Pretax Income 24.02% 24.47%
Net Earnings $5.245B $4.156B
YoY Change 26.2% -17.41%
Net Earnings / Revenue 15.96% 13.15%
Basic Earnings Per Share $1.27 $1.00
Diluted Earnings Per Share $1.27 $1.00
COMMON SHARES
Basic Shares Outstanding 4.141B shares 4.139B shares
Diluted Shares Outstanding 4.142B shares 4.141B shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.21B $7.047B
YoY Change 44.81% 203.49%
Cash & Equivalents $10.21B $7.047B
Short-Term Investments
Other Short-Term Assets $4.903B $7.384B
YoY Change -33.6% 67.1%
Inventory $1.303B $1.633B
Prepaid Expenses
Receivables $22.51B $23.80B
Other Receivables $0.00 $0.00
Total Short-Term Assets $39.65B $40.71B
YoY Change -2.6% 21.88%
LONG-TERM ASSETS
Property, Plant & Equipment $94.88B $92.18B
YoY Change 2.93% 4.93%
Goodwill $24.84B $24.38B
YoY Change 1.87% -1.03%
Intangibles
YoY Change
Long-Term Investments $555.0M $543.0M
YoY Change 2.21% -19.44%
Other Assets $10.54B $12.38B
YoY Change -14.88% 28.03%
Total Long-Term Assets $305.9B $253.8B
YoY Change 20.54% 1.3%
TOTAL ASSETS
Total Short-Term Assets $39.65B $40.71B
Total Long-Term Assets $305.9B $253.8B
Total Assets $345.6B $294.5B
YoY Change 17.34% 3.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.22B $17.42B
YoY Change -1.15% -6.67%
Accrued Expenses $3.536B $3.331B
YoY Change 6.15% 11.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.802B $11.18B
YoY Change -21.23% 29.73%
Total Short-Term Liabilities $38.73B $41.06B
YoY Change -5.67% 6.35%
LONG-TERM LIABILITIES
Long-Term Debt $149.7B $106.6B
YoY Change 40.48% 1.44%
Other Long-Term Liabilities $11.70B $15.79B
YoY Change -25.92% 30.39%
Total Long-Term Liabilities $234.2B $191.8B
YoY Change 22.09% 2.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.73B $41.06B
Total Long-Term Liabilities $234.2B $191.8B
Total Liabilities $272.9B $232.8B
YoY Change 17.2% 2.81%
SHAREHOLDERS EQUITY
Retained Earnings $63.11B $54.56B
YoY Change 15.67% 24.13%
Common Stock $429.0M $429.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.634B $6.725B
YoY Change -1.35% -1.47%
Treasury Stock Shares
Shareholders Equity $71.23B $60.21B
YoY Change
Total Liabilities & Shareholders Equity $345.6B $294.5B
YoY Change 17.34% 3.72%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $5.245B $4.156B
YoY Change 26.2% -17.41%
Depreciation, Depletion And Amortization $4.174B $4.150B
YoY Change 0.58% -1.91%
Cash From Operating Activities $9.694B $8.824B
YoY Change 9.86% 24.62%
INVESTING ACTIVITIES
Capital Expenditures -$49.28B -$5.484B
YoY Change 798.56% 25.43%
Acquisitions $408.0M $0.00
YoY Change -100.0%
Other Investing Activities -$32.00M $1.272B
YoY Change -102.52% 213.3%
Cash From Investing Activities -$49.65B -$6.980B
YoY Change 611.36% 45.33%
FINANCING ACTIVITIES
Cash Dividend Paid $2.601B $2.547B
YoY Change 2.12% 2.33%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $27.96B $2.563B
YoY Change 990.75% -196.46%
NET CHANGE
Cash From Operating Activities $9.694B $8.824B
Cash From Investing Activities -$49.65B -$6.980B
Cash From Financing Activities $27.96B $2.563B
Net Change In Cash -$12.00B $4.407B
YoY Change -372.36% -1262.8%
FREE CASH FLOW
Cash From Operating Activities $9.694B $8.824B
Capital Expenditures -$49.28B -$5.484B
Free Cash Flow $58.97B $14.31B
YoY Change 312.15% 24.93%

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vz-20210331_g5.jpg Edgar Link completed
vz-20210331_g6.jpg Edgar Link completed
vz-20210331_g7.jpg Edgar Link completed
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vz-20210331_htm.xml Edgar Link completed
vz-20210331_lab.xml Edgar Link unprocessable
vz-20210331_pre.xml Edgar Link unprocessable