$VZ
VERIZON COMMUNICATIONS INC

2024 Q1 Form 10-Q Financial Statement

#000073271224000029 Filed on April 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q1
Revenue $32.98B
YoY Change 0.21%
Cost Of Revenue $12.87B
YoY Change -4.68%
Gross Profit $20.11B
YoY Change 3.61%
Gross Profit Margin 60.97%
Selling, General & Admin $8.143B
YoY Change 8.49%
% of Gross Profit 40.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.445B
YoY Change 2.94%
% of Gross Profit 22.1%
Operating Expenses $12.59B
YoY Change 67.71%
Operating Profit $7.521B
YoY Change -0.83%
Interest Expense -$1.566B
YoY Change -229.74%
% of Operating Profit -20.82%
Other Income/Expense, Net $10.00M
YoY Change -91.23%
Pretax Income $6.075B
YoY Change -6.54%
Income Tax $1.353B
% Of Pretax Income 22.27%
Net Earnings $4.602B
YoY Change -6.25%
Net Earnings / Revenue 13.95%
Basic Earnings Per Share $1.09
Diluted Earnings Per Share $1.09
COMMON SHARES
Basic Shares Outstanding 4.204B shares
Diluted Shares Outstanding 4.219B shares

Balance Sheet

Concept 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.365B
YoY Change 5.86%
Cash & Equivalents $2.365B
Short-Term Investments
Other Short-Term Assets $7.656B
YoY Change -7.21%
Inventory $2.076B
Prepaid Expenses
Receivables $25.86B
Other Receivables $0.00
Total Short-Term Assets $37.96B
YoY Change 6.26%
LONG-TERM ASSETS
Property, Plant & Equipment $132.2B
YoY Change 23.58%
Goodwill $22.84B
YoY Change -20.34%
Intangibles
YoY Change
Long-Term Investments $941.0M
YoY Change -10.55%
Other Assets $18.97B
YoY Change 7.78%
Total Long-Term Assets $342.2B
YoY Change 0.06%
TOTAL ASSETS
Total Short-Term Assets $37.96B
Total Long-Term Assets $342.2B
Total Assets $380.2B
YoY Change 0.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.14B
YoY Change 4.49%
Accrued Expenses $4.282B
YoY Change 2.51%
Deferred Revenue $7.143B
YoY Change 6.72%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $15.59B
YoY Change 29.08%
Total Short-Term Liabilities $53.63B
YoY Change 12.27%
LONG-TERM LIABILITIES
Long-Term Debt $136.1B
YoY Change -3.32%
Other Long-Term Liabilities $48.72B
YoY Change 182.63%
Total Long-Term Liabilities $184.8B
YoY Change -21.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.63B
Total Long-Term Liabilities $184.8B
Total Liabilities $285.8B
YoY Change 0.82%
SHAREHOLDERS EQUITY
Retained Earnings $84.71B
YoY Change 0.2%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $94.33B
YoY Change
Total Liabilities & Shareholders Equity $380.2B
YoY Change 0.65%

Cashflow Statement

Concept 2024 Q1
OPERATING ACTIVITIES
Net Income $4.602B
YoY Change -6.25%
Depreciation, Depletion And Amortization $4.445B
YoY Change 2.94%
Cash From Operating Activities $7.084B
YoY Change -14.54%
INVESTING ACTIVITIES
Capital Expenditures $4.825B
YoY Change -26.4%
Acquisitions
YoY Change
Other Investing Activities -$420.0M
YoY Change 431.65%
Cash From Investing Activities -$5.245B
YoY Change -14.16%
FINANCING ACTIVITIES
Cash Dividend Paid $2.796B
YoY Change 1.9%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.428B
YoY Change -40.08%
NET CHANGE
Cash From Operating Activities 7.084B
Cash From Investing Activities -5.245B
Cash From Financing Activities -1.428B
Net Change In Cash 411.0M
YoY Change -301.47%
FREE CASH FLOW
Cash From Operating Activities $7.084B
Capital Expenditures $4.825B
Free Cash Flow $2.259B
YoY Change 30.35%

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vz-20240331_g3.jpg Edgar Link pending
vz-20240331_g4.jpg Edgar Link pending
vz-20240331_g5.jpg Edgar Link pending
vz-20240331_g6.jpg Edgar Link pending
vz-20240331_g7.jpg Edgar Link pending
vz-20240331_g8.jpg Edgar Link pending
vz-20240331_def.xml Edgar Link unprocessable
vz-20240331_lab.xml Edgar Link unprocessable
vz-20240331_pre.xml Edgar Link unprocessable
vz-20240331_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable
vz-20240331_cal.xml Edgar Link unprocessable