$VZ
VERIZON COMMUNICATIONS INC

2011 Q4 Form 10-K Financial Statement

#000119312513075713 Filed on February 26, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $28.44B $27.91B $27.54B
YoY Change 7.73% 5.4% 2.85%
Cost Of Revenue $12.09B $11.40B $11.16B
YoY Change 13.95% 6.81% -8.66%
Gross Profit $16.35B $16.52B $16.38B
YoY Change 3.55% 4.44% 12.51%
Gross Profit Margin 57.48% 59.17% 59.48%
Selling, General & Admin $13.28B $7.689B $7.373B
YoY Change 150.95% -8.54% -26.05%
% of Gross Profit 81.23% 46.56% 45.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.180B $4.179B $4.113B
YoY Change 2.38% 3.88% -1.53%
% of Gross Profit 25.57% 25.3% 25.11%
Operating Expenses $17.46B $7.689B $7.373B
YoY Change 86.24% -38.14% -47.88%
Operating Profit -$1.112B $4.647B $4.892B
YoY Change -117.35% 37.36% 1093.17%
Interest Expense -$576.0M $698.0M $717.0M
YoY Change 36.82% -253.07% -234.02%
% of Operating Profit 15.02% 14.66%
Other Income/Expense, Net -$114.0M $24.00M $10.00M
YoY Change -1240.0% -147.06% -242.86%
Pretax Income -$1.802B $4.098B $4.306B
YoY Change -130.03% 42.49% -3362.12%
Income Tax -$1.590B $556.0M $702.0M
% Of Pretax Income 13.57% 16.3%
Net Earnings -$2.023B $1.379B $1.609B
YoY Change -176.66% 109.26% -234.98%
Net Earnings / Revenue -7.11% 4.94% 5.84%
Basic Earnings Per Share -$0.71 $0.49 $0.57
Diluted Earnings Per Share -$0.71 $0.49 $0.57
COMMON SHARES
Basic Shares Outstanding 2.834B shares 2.832B shares
Diluted Shares Outstanding 2.839B shares 2.838B shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.95B $10.86B $6.828B
YoY Change 93.46% 81.72% 30.68%
Cash & Equivalents $13.36B $10.32B $6.240B
Short-Term Investments $592.0M $534.0M $588.0M
Other Short-Term Assets $4.269B $4.111B $2.891B
YoY Change 92.04% 72.51% 3.51%
Inventory $940.0M $1.153B $1.270B
Prepaid Expenses
Receivables $11.78B $11.65B $11.48B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $30.94B $27.77B $22.47B
YoY Change 38.44% 30.13% 6.7%
LONG-TERM ASSETS
Property, Plant & Equipment $88.43B $88.84B $89.40B
YoY Change 0.82% 1.62% -2.94%
Goodwill $23.36B
YoY Change 6.23%
Intangibles
YoY Change
Long-Term Investments $3.448B $3.461B $3.908B
YoY Change -1.4% -9.68% 2.92%
Other Assets $5.155B $5.299B $5.403B
YoY Change -8.52% -31.02% -33.02%
Total Long-Term Assets $199.5B $200.3B $201.3B
YoY Change 0.94% 0.38% -1.9%
TOTAL ASSETS
Total Short-Term Assets $30.94B $27.77B $22.47B
Total Long-Term Assets $199.5B $200.3B $201.3B
Total Assets $230.5B $228.0B $223.8B
YoY Change 4.75% 3.25% -1.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.194B $14.49B $14.24B
YoY Change -73.29% -9.98% -15.78%
Accrued Expenses $3.786B
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.915B $8.630B $6.055B
YoY Change -61.35% 48.54% -23.1%
Total Short-Term Liabilities $30.76B $34.64B $27.37B
YoY Change 0.54% 20.4% -14.01%
LONG-TERM LIABILITIES
Long-Term Debt $50.30B $46.29B $47.93B
YoY Change 11.16% -2.27% -3.36%
Other Long-Term Liabilities $5.472B $33.18B $33.14B
YoY Change -84.11% -13.42% -15.08%
Total Long-Term Liabilities $55.78B $79.47B $81.07B
YoY Change -30.0% -7.26% -8.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.76B $34.64B $27.37B
Total Long-Term Liabilities $55.78B $79.47B $81.07B
Total Liabilities $86.54B $189.0B $184.4B
YoY Change -52.3% 3.3% -1.38%
SHAREHOLDERS EQUITY
Retained Earnings $1.179B
YoY Change
Common Stock $297.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.002B
YoY Change
Treasury Stock Shares
Shareholders Equity $35.97B $39.05B $39.35B
YoY Change
Total Liabilities & Shareholders Equity $230.5B $228.0B $223.8B
YoY Change 4.75% 3.25% -1.1%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income -$2.023B $1.379B $1.609B
YoY Change -176.66% 109.26% -234.98%
Depreciation, Depletion And Amortization $4.180B $4.179B $4.113B
YoY Change 2.38% 3.88% -1.53%
Cash From Operating Activities $8.268B $8.720B $7.757B
YoY Change 0.23% 4.97% -20.22%
INVESTING ACTIVITIES
Capital Expenditures -$3.698B -$3.628B -$4.555B
YoY Change -21.55% -12.05% 8.56%
Acquisitions
YoY Change
Other Investing Activities -$140.0M $88.00M -$942.0M
YoY Change -50.0% -122.45% -141.39%
Cash From Investing Activities -$3.838B -$3.540B -$5.497B
YoY Change -23.15% -21.63% 186.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.392B -1.096B -10.03B
YoY Change -29.73% -65.28% 64.94%
NET CHANGE
Cash From Operating Activities 8.268B 8.720B 7.757B
Cash From Investing Activities -3.838B -3.540B -5.497B
Cash From Financing Activities -1.392B -1.096B -10.03B
Net Change In Cash 3.038B 4.084B -7.767B
YoY Change 138.46% 545.18% -550.52%
FREE CASH FLOW
Cash From Operating Activities $8.268B $8.720B $7.757B
Capital Expenditures -$3.698B -$3.628B -$4.555B
Free Cash Flow $11.97B $12.35B $12.31B
YoY Change -7.69% -0.68% -11.55%

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CY2012 vz Schedule Of Summarized Financial Information For Equity Investees Income Statement Textblock
ScheduleOfSummarizedFinancialInformationForEquityInvesteesIncomeStatementTextblock
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32000000
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CY2012 vz Severance Liability Charged To Expense
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CY2012 vz Property And Other Taxes Paid
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