$VZ
VERIZON COMMUNICATIONS INC

2021 Q3 Form 10-Q Financial Statement

#000073271221000054 Filed on October 26, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $32.92B $31.54B
YoY Change 4.35% -4.11%
Cost Of Revenue $13.53B $12.33B
YoY Change 9.68% -7.85%
Gross Profit $19.39B $19.21B
YoY Change 0.93% -1.54%
Gross Profit Margin 58.9% 60.9%
Selling, General & Admin $6.521B $7.339B
YoY Change -11.15% 1.7%
% of Gross Profit 33.64% 38.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.961B $4.192B
YoY Change -5.51% 1.9%
% of Gross Profit 20.43% 21.82%
Operating Expenses $6.521B $7.339B
YoY Change -11.15% 1.7%
Operating Profit $8.905B $7.678B
YoY Change 15.98% -6.14%
Interest Expense $801.0M $1.044B
YoY Change -23.28% -8.9%
% of Operating Profit 8.99% 13.6%
Other Income/Expense, Net $269.0M -$774.0M
YoY Change -134.75% 603.64%
Pretax Income $8.374B $5.851B
YoY Change 43.12% -15.48%
Income Tax $1.820B $1.347B
% Of Pretax Income 21.73% 23.02%
Net Earnings $6.407B $4.357B
YoY Change 47.05% -16.11%
Net Earnings / Revenue 19.47% 13.81%
Basic Earnings Per Share $1.55 $1.05
Diluted Earnings Per Share $1.55 $1.05
COMMON SHARES
Basic Shares Outstanding 4.142B shares 4.140B shares
Diluted Shares Outstanding 4.144B shares 4.142B shares

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.936B $8.983B
YoY Change 10.61% 197.45%
Cash & Equivalents $9.936B $8.983B
Short-Term Investments
Other Short-Term Assets $5.142B $4.782B
YoY Change 7.53% -0.5%
Inventory $2.303B $1.457B
Prepaid Expenses
Receivables $22.20B $22.62B
Other Receivables $0.00 $0.00
Total Short-Term Assets $40.28B $38.57B
YoY Change 4.42% 10.54%
LONG-TERM ASSETS
Property, Plant & Equipment $95.76B $93.18B
YoY Change 2.76% 4.88%
Goodwill $24.89B $24.80B
YoY Change 0.35% 0.93%
Intangibles
YoY Change
Long-Term Investments $1.100B $535.0M
YoY Change 105.61% -14.81%
Other Assets $10.68B $11.67B
YoY Change -8.48% 16.48%
Total Long-Term Assets $313.2B $258.4B
YoY Change 21.19% 3.38%
TOTAL ASSETS
Total Short-Term Assets $40.28B $38.57B
Total Long-Term Assets $313.2B $258.4B
Total Assets $353.5B $297.0B
YoY Change 19.01% 4.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.15B $17.39B
YoY Change 15.88% -11.12%
Accrued Expenses $3.606B $3.494B
YoY Change 3.21% 18.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.623B $5.770B
YoY Change 32.11% -26.31%
Total Short-Term Liabilities $41.36B $36.19B
YoY Change 14.3% -7.71%
LONG-TERM LIABILITIES
Long-Term Debt $143.4B $109.8B
YoY Change 30.57% 7.88%
Other Long-Term Liabilities $11.75B $13.01B
YoY Change -9.66% 3.73%
Total Long-Term Liabilities $233.6B $194.3B
YoY Change 20.24% 4.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $41.36B $36.19B
Total Long-Term Liabilities $233.6B $194.3B
Total Liabilities $275.0B $230.5B
YoY Change 19.31% 2.63%
SHAREHOLDERS EQUITY
Retained Earnings $70.06B $58.47B
YoY Change 19.82% 15.57%
Common Stock $429.0M $429.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.630B $6.721B
YoY Change -1.35% -1.48%
Treasury Stock Shares
Shareholders Equity $77.04B $65.07B
YoY Change
Total Liabilities & Shareholders Equity $353.5B $297.0B
YoY Change 19.01% 4.25%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $6.407B $4.357B
YoY Change 47.05% -16.11%
Depreciation, Depletion And Amortization $3.961B $4.192B
YoY Change -5.51% 1.9%
Cash From Operating Activities $10.72B $8.920B
YoY Change 20.22% -18.26%
INVESTING ACTIVITIES
Capital Expenditures -$6.894B -$4.504B
YoY Change 53.06% 0.87%
Acquisitions
YoY Change
Other Investing Activities $4.277B -$1.841B
YoY Change -332.32% -305.24%
Cash From Investing Activities -$2.617B -$6.345B
YoY Change -58.75% 77.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.081B -1.505B
YoY Change 104.72% -75.95%
NET CHANGE
Cash From Operating Activities 10.72B 8.920B
Cash From Investing Activities -2.617B -6.345B
Cash From Financing Activities -3.081B -1.505B
Net Change In Cash 5.026B 1.070B
YoY Change 369.72% -1.47%
FREE CASH FLOW
Cash From Operating Activities $10.72B $8.920B
Capital Expenditures -$6.894B -$4.504B
Free Cash Flow $17.62B $13.42B
YoY Change 31.24% -12.7%

Facts In Submission

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