$VZ
VERIZON COMMUNICATIONS INC

2023 Q1 Form 10-Q Financial Statement

#000073271223000029 Filed on April 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1
Revenue $32.91B
YoY Change -1.91%
Cost Of Revenue $13.50B
YoY Change -5.9%
Gross Profit $19.41B
YoY Change 1.06%
Gross Profit Margin 58.97%
Selling, General & Admin $7.506B
YoY Change 4.66%
% of Gross Profit 38.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.318B
YoY Change 1.94%
% of Gross Profit 22.25%
Operating Expenses $7.506B
YoY Change 4.66%
Operating Profit $7.584B
YoY Change -2.72%
Interest Expense $1.207B
YoY Change 53.56%
% of Operating Profit 15.92%
Other Income/Expense, Net $114.0M
YoY Change -112.34%
Pretax Income $6.500B
YoY Change 6.86%
Income Tax $1.482B
% Of Pretax Income 22.8%
Net Earnings $4.909B
YoY Change 7.18%
Net Earnings / Revenue 14.92%
Basic Earnings Per Share $1.17
Diluted Earnings Per Share $1.17
COMMON SHARES
Basic Shares Outstanding 4.200B shares
Diluted Shares Outstanding 4.211B shares

Balance Sheet

Concept 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.234B
YoY Change 34.5%
Cash & Equivalents $2.234B
Short-Term Investments
Other Short-Term Assets $8.251B
YoY Change 39.26%
Inventory $2.381B
Prepaid Expenses
Receivables $22.86B
Other Receivables $0.00
Total Short-Term Assets $35.72B
YoY Change 0.4%
LONG-TERM ASSETS
Property, Plant & Equipment $107.0B
YoY Change 7.16%
Goodwill $28.67B
YoY Change 0.16%
Intangibles
YoY Change
Long-Term Investments $1.052B
YoY Change -2.05%
Other Assets $17.60B
YoY Change 29.61%
Total Long-Term Assets $342.0B
YoY Change 3.59%
TOTAL ASSETS
Total Short-Term Assets $35.72B
Total Long-Term Assets $342.0B
Total Assets $377.7B
YoY Change 3.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.27B
YoY Change 6.08%
Accrued Expenses $4.177B
YoY Change 8.58%
Deferred Revenue $6.693B
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $12.08B
YoY Change -9.98%
Total Short-Term Liabilities $47.77B
YoY Change 2.54%
LONG-TERM LIABILITIES
Long-Term Debt $140.8B
YoY Change 0.58%
Other Long-Term Liabilities $17.24B
YoY Change 17.92%
Total Long-Term Liabilities $235.7B
YoY Change 0.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.77B
Total Long-Term Liabilities $235.7B
Total Liabilities $283.5B
YoY Change 1.05%
SHAREHOLDERS EQUITY
Retained Earnings $84.54B
YoY Change 14.42%
Common Stock $429.0M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $92.88B
YoY Change
Total Liabilities & Shareholders Equity $377.7B
YoY Change 3.28%

Cashflow Statement

Concept 2023 Q1
OPERATING ACTIVITIES
Net Income $4.909B
YoY Change 7.18%
Depreciation, Depletion And Amortization $4.318B
YoY Change 1.94%
Cash From Operating Activities $8.289B
YoY Change 21.52%
INVESTING ACTIVITIES
Capital Expenditures $6.556B
YoY Change -185.6%
Acquisitions
YoY Change
Other Investing Activities -$79.00M
YoY Change -123.51%
Cash From Investing Activities -$6.110B
YoY Change -23.58%
FINANCING ACTIVITIES
Cash Dividend Paid $2.744B
YoY Change 3.39%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$2.383B
YoY Change -1072.65%
NET CHANGE
Cash From Operating Activities $8.289B
Cash From Investing Activities -$6.110B
Cash From Financing Activities -$2.383B
Net Change In Cash -$204.0M
YoY Change -78.04%
FREE CASH FLOW
Cash From Operating Activities $8.289B
Capital Expenditures $6.556B
Free Cash Flow $1.733B
YoY Change -88.03%

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