$VZ
VERIZON COMMUNICATIONS INC

2022 Q1 Form 10-Q Financial Statement

#000073271222000019 Filed on April 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $33.55B $32.87B
YoY Change 2.09% 3.98%
Cost Of Revenue $14.35B $13.52B
YoY Change 6.12% 9.97%
Gross Profit $19.20B $19.35B
YoY Change -0.73% 0.16%
Gross Profit Margin 57.23% 58.86%
Selling, General & Admin $7.172B $7.401B
YoY Change -3.09% -13.79%
% of Gross Profit 37.35% 38.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.236B $4.174B
YoY Change 1.49% 0.58%
% of Gross Profit 22.06% 21.58%
Operating Expenses $7.172B $7.401B
YoY Change -3.09% -13.79%
Operating Profit $7.796B $7.770B
YoY Change 0.33% 18.1%
Interest Expense $786.0M $1.101B
YoY Change -28.61% 6.48%
% of Operating Profit 10.08% 14.17%
Other Income/Expense, Net -$924.0M $401.0M
YoY Change -330.42% 180.42%
Pretax Income $6.083B $7.078B
YoY Change -14.06% 24.7%
Income Tax $1.372B $1.700B
% Of Pretax Income 22.55% 24.02%
Net Earnings $4.580B $5.245B
YoY Change -12.68% 26.2%
Net Earnings / Revenue 13.65% 15.96%
Basic Earnings Per Share $1.09 $1.27
Diluted Earnings Per Share $1.09 $1.27
COMMON SHARES
Basic Shares Outstanding 4.201B shares 4.141B shares
Diluted Shares Outstanding 4.202B shares 4.142B shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.661B $10.21B
YoY Change -83.72% 44.81%
Cash & Equivalents $1.661B $10.21B
Short-Term Investments
Other Short-Term Assets $5.925B $4.903B
YoY Change 20.84% -33.6%
Inventory $3.659B $1.303B
Prepaid Expenses
Receivables $23.62B $22.51B
Other Receivables $0.00 $0.00
Total Short-Term Assets $35.58B $39.65B
YoY Change -10.26% -2.6%
LONG-TERM ASSETS
Property, Plant & Equipment $99.84B $94.88B
YoY Change 5.24% 2.93%
Goodwill $28.63B $24.84B
YoY Change 15.27% 1.87%
Intangibles
YoY Change
Long-Term Investments $1.074B $555.0M
YoY Change 93.51% 2.21%
Other Assets $13.58B $10.54B
YoY Change 28.89% -14.88%
Total Long-Term Assets $330.1B $305.9B
YoY Change 7.91% 20.54%
TOTAL ASSETS
Total Short-Term Assets $35.58B $39.65B
Total Long-Term Assets $330.1B $305.9B
Total Assets $365.7B $345.6B
YoY Change 5.83% 17.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.17B $17.22B
YoY Change 5.52% -1.15%
Accrued Expenses $3.847B $3.536B
YoY Change 8.8% 6.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $13.42B $8.802B
YoY Change 52.48% -21.23%
Total Short-Term Liabilities $46.59B $38.73B
YoY Change 20.28% -5.67%
LONG-TERM LIABILITIES
Long-Term Debt $140.0B $149.7B
YoY Change -6.51% 40.48%
Other Long-Term Liabilities $14.62B $11.70B
YoY Change 24.99% -25.92%
Total Long-Term Liabilities $234.0B $234.2B
YoY Change -0.09% 22.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.59B $38.73B
Total Long-Term Liabilities $234.0B $234.2B
Total Liabilities $280.5B $272.9B
YoY Change 2.8% 17.2%
SHAREHOLDERS EQUITY
Retained Earnings $73.89B $63.11B
YoY Change 17.09% 15.67%
Common Stock $429.0M $429.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.023B $6.634B
YoY Change -39.36% -1.35%
Treasury Stock Shares
Shareholders Equity $83.76B $71.23B
YoY Change
Total Liabilities & Shareholders Equity $365.7B $345.6B
YoY Change 5.83% 17.34%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $4.580B $5.245B
YoY Change -12.68% 26.2%
Depreciation, Depletion And Amortization $4.236B $4.174B
YoY Change 1.49% 0.58%
Cash From Operating Activities $6.821B $9.694B
YoY Change -29.64% 9.86%
INVESTING ACTIVITIES
Capital Expenditures -$7.659B -$49.28B
YoY Change -84.46% 798.56%
Acquisitions $0.00 $408.0M
YoY Change -100.0%
Other Investing Activities $336.0M -$32.00M
YoY Change -1150.0% -102.52%
Cash From Investing Activities -$7.995B -$49.65B
YoY Change -83.9% 611.36%
FINANCING ACTIVITIES
Cash Dividend Paid $2.654B $2.601B
YoY Change 2.04% 2.12%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $245.0M $27.96B
YoY Change -99.12% 990.75%
NET CHANGE
Cash From Operating Activities $6.821B $9.694B
Cash From Investing Activities -$7.995B -$49.65B
Cash From Financing Activities $245.0M $27.96B
Net Change In Cash -$929.0M -$12.00B
YoY Change -92.26% -372.36%
FREE CASH FLOW
Cash From Operating Activities $6.821B $9.694B
Capital Expenditures -$7.659B -$49.28B
Free Cash Flow $14.48B $58.97B
YoY Change -75.45% 312.15%

Facts In Submission

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vz-20220331_g2.jpg Edgar Link completed
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vz-20220331_htm.xml Edgar Link completed
vz-20220331_lab.xml Edgar Link unprocessable
vz-20220331_pre.xml Edgar Link unprocessable