$VZ
VERIZON COMMUNICATIONS INC

2013 Q3 Form 10-Q Financial Statement

#000119312513409932 Filed on October 24, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $30.28B $29.01B
YoY Change 4.39% 3.92%
Cost Of Revenue $10.96B $10.99B
YoY Change -0.28% -3.57%
Gross Profit $19.32B $18.02B
YoY Change 7.23% 9.09%
Gross Profit Margin 63.8% 62.11%
Selling, General & Admin $8.037B $8.366B
YoY Change -3.93% 8.8%
% of Gross Profit 41.6% 46.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.154B $4.167B
YoY Change -0.31% -0.29%
% of Gross Profit 21.5% 23.13%
Operating Expenses $8.037B $8.366B
YoY Change -3.93% 8.8%
Operating Profit $7.128B $5.483B
YoY Change 30.0% 17.99%
Interest Expense $555.0M $632.0M
YoY Change -12.18% -9.46%
% of Operating Profit 7.79% 11.53%
Other Income/Expense, Net $20.00M $10.00M
YoY Change 100.0% -58.33%
Pretax Income $6.612B $4.923B
YoY Change 34.31% 20.13%
Income Tax $1.034B $631.0M
% Of Pretax Income 15.64% 12.82%
Net Earnings $2.232B $1.593B
YoY Change 40.11% 15.52%
Net Earnings / Revenue 7.37% 5.49%
Basic Earnings Per Share $0.78 $0.56
Diluted Earnings Per Share $0.78 $0.56
COMMON SHARES
Basic Shares Outstanding 2.866B shares 2.857B shares
Diluted Shares Outstanding 2.874B shares 2.866B shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $57.34B $10.31B
YoY Change 456.33% -5.07%
Cash & Equivalents $56.71B $9.714B
Short-Term Investments $631.0M $593.0M
Other Short-Term Assets $3.060B $4.103B
YoY Change -25.42% -0.19%
Inventory $1.193B $1.223B
Prepaid Expenses
Receivables $12.11B $12.03B
Other Receivables $0.00 $0.00
Total Short-Term Assets $73.71B $27.66B
YoY Change 166.44% -0.39%
LONG-TERM ASSETS
Property, Plant & Equipment $88.53B $87.81B
YoY Change 0.82% -1.16%
Goodwill $24.34B $24.05B
YoY Change 1.21%
Intangibles
YoY Change
Long-Term Investments $3.423B $3.625B
YoY Change -5.57% 4.74%
Other Assets $4.446B $4.515B
YoY Change -1.53% -14.8%
Total Long-Term Assets $203.0B $203.4B
YoY Change -0.22% 1.58%
TOTAL ASSETS
Total Short-Term Assets $73.71B $27.66B
Total Long-Term Assets $203.0B $203.4B
Total Assets $276.7B $231.1B
YoY Change 19.73% 1.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.62B $16.00B
YoY Change -2.38% 10.47%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.202B $6.335B
YoY Change 29.47% -26.59%
Total Short-Term Liabilities $30.29B $28.77B
YoY Change 5.29% -16.94%
LONG-TERM LIABILITIES
Long-Term Debt $90.94B $46.47B
YoY Change 95.7% 0.39%
Other Long-Term Liabilities $5.622B $5.839B
YoY Change -3.72% -82.4%
Total Long-Term Liabilities $5.622B $5.839B
YoY Change -3.72% -92.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.29B $28.77B
Total Long-Term Liabilities $5.622B $5.839B
Total Liabilities $35.91B $34.61B
YoY Change 3.77% -81.69%
SHAREHOLDERS EQUITY
Retained Earnings -$1.768B $1.968B
YoY Change -189.84%
Common Stock $297.0M $297.0M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.970B $4.247B
YoY Change -6.52%
Treasury Stock Shares
Shareholders Equity $34.99B $37.65B
YoY Change
Total Liabilities & Shareholders Equity $276.7B $231.1B
YoY Change 19.73% 1.34%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $2.232B $1.593B
YoY Change 40.11% 15.52%
Depreciation, Depletion And Amortization $4.154B $4.167B
YoY Change -0.31% -0.29%
Cash From Operating Activities $11.24B $9.487B
YoY Change 18.47% 8.8%
INVESTING ACTIVITIES
Capital Expenditures -$4.357B -$7.668B
YoY Change -43.18% 111.36%
Acquisitions
YoY Change
Other Investing Activities $2.169B -$173.0M
YoY Change -1353.76% -296.59%
Cash From Investing Activities -$2.188B -$7.841B
YoY Change -72.1% 121.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 45.87B -1.933B
YoY Change -2473.05% 76.37%
NET CHANGE
Cash From Operating Activities 11.24B 9.487B
Cash From Investing Activities -2.188B -7.841B
Cash From Financing Activities 45.87B -1.933B
Net Change In Cash 54.92B -287.0M
YoY Change -19236.59% -107.03%
FREE CASH FLOW
Cash From Operating Activities $11.24B $9.487B
Capital Expenditures -$4.357B -$7.668B
Free Cash Flow $15.60B $17.16B
YoY Change -9.09% 38.93%

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dei Entity Registrant Name
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dei Entity Filer Category
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dei Document Type
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