2013 Q4 Form 10-K Financial Statement

#000119312514073266 Filed on February 27, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4 2012 Q3
Revenue $31.07B $30.05B $29.01B
YoY Change 3.39% 5.66% 3.92%
Cost Of Revenue $11.96B $13.07B $10.99B
YoY Change -8.47% 8.1% -3.57%
Gross Profit $19.10B $16.98B $18.02B
YoY Change 12.53% 3.85% 9.09%
Gross Profit Margin 61.49% 56.5% 62.11%
Selling, General & Admin $2.857B $16.01B $8.366B
YoY Change -82.15% 20.56% 8.8%
% of Gross Profit 14.96% 94.3% 46.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.183B $4.137B $4.167B
YoY Change 1.11% -1.03% -0.29%
% of Gross Profit 21.9% 24.37% 23.13%
Operating Expenses $7.040B $20.15B $8.366B
YoY Change -65.05% 15.39% 8.8%
Operating Profit $12.06B -$3.169B $5.483B
YoY Change -480.66% 184.98% 17.99%
Interest Expense -$1.042B -$473.0M $632.0M
YoY Change 120.3% -17.88% -9.46%
% of Operating Profit -8.64% 11.53%
Other Income/Expense, Net -$261.0M -$1.094B $10.00M
YoY Change -76.14% 859.65% -58.33%
Pretax Income $10.76B -$4.736B $4.923B
YoY Change -327.2% 162.82% 20.13%
Income Tax $2.844B -$2.810B $631.0M
% Of Pretax Income 26.43% 12.82%
Net Earnings $5.067B -$4.229B $1.593B
YoY Change -219.82% 109.05% 15.52%
Net Earnings / Revenue 16.31% -14.08% 5.49%
Basic Earnings Per Share $1.77 -$1.48 $0.56
Diluted Earnings Per Share $1.76 -$1.48 $0.56
COMMON SHARES
Basic Shares Outstanding 2.857B shares
Diluted Shares Outstanding 2.866B shares

Balance Sheet

Concept 2013 Q4 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.13B $3.563B $10.31B
YoY Change 1419.2% -74.47% -5.07%
Cash & Equivalents $53.53B $3.093B $9.714B
Short-Term Investments $601.0M $470.0M $593.0M
Other Short-Term Assets $3.406B $4.021B $4.103B
YoY Change -15.29% -5.81% -0.19%
Inventory $1.020B $1.075B $1.223B
Prepaid Expenses
Receivables $12.44B $12.58B $12.03B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $70.99B $21.24B $27.66B
YoY Change 234.33% -31.36% -0.39%
LONG-TERM ASSETS
Property, Plant & Equipment $88.96B $88.64B $87.81B
YoY Change 0.35% 0.24% -1.16%
Goodwill $24.63B $24.14B $24.05B
YoY Change 2.05% 3.35%
Intangibles
YoY Change
Long-Term Investments $3.329B $3.306B $3.625B
YoY Change 0.7% -4.12% 4.74%
Other Assets $4.535B $4.128B $4.515B
YoY Change 9.86% -19.92% -14.8%
Total Long-Term Assets $203.1B $204.0B $203.4B
YoY Change -0.43% 2.24% 1.58%
TOTAL ASSETS
Total Short-Term Assets $70.99B $21.24B $27.66B
Total Long-Term Assets $203.1B $204.0B $203.4B
Total Assets $274.1B $225.2B $231.1B
YoY Change 21.7% -2.27% 1.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.954B $4.454B $16.00B
YoY Change 11.23% 6.2% 10.47%
Accrued Expenses $3.954B $4.529B
YoY Change -12.7% 19.62%
Deferred Revenue
YoY Change
Short-Term Debt $447.0M $0.00 $0.00
YoY Change
Long-Term Debt Due $3.486B $3.869B $6.335B
YoY Change -9.9% 32.73% -26.59%
Total Short-Term Liabilities $27.05B $26.96B $28.77B
YoY Change 0.35% -12.37% -16.94%
LONG-TERM LIABILITIES
Long-Term Debt $89.66B $47.62B $46.47B
YoY Change 88.29% -5.34% 0.39%
Other Long-Term Liabilities $5.653B $6.092B $5.839B
YoY Change -7.21% 11.33% -82.4%
Total Long-Term Liabilities $95.31B $53.71B $5.839B
YoY Change 77.45% -3.7% -92.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.05B $26.96B $28.77B
Total Long-Term Liabilities $95.31B $53.71B $5.839B
Total Liabilities $122.4B $80.67B $34.61B
YoY Change 51.69% -6.78% -81.69%
SHAREHOLDERS EQUITY
Retained Earnings $1.782B -$3.734B $1.968B
YoY Change -147.72% -416.71%
Common Stock $297.0M $297.0M $297.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.961B $4.071B $4.247B
YoY Change -2.7% -18.61%
Treasury Stock Shares
Shareholders Equity $38.84B $33.16B $37.65B
YoY Change
Total Liabilities & Shareholders Equity $274.1B $225.2B $231.1B
YoY Change 21.7% -2.27% 1.34%

Cashflow Statement

Concept 2013 Q4 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $5.067B -$4.229B $1.593B
YoY Change -219.82% 109.05% 15.52%
Depreciation, Depletion And Amortization $4.183B $4.137B $4.167B
YoY Change 1.11% -1.03% -0.29%
Cash From Operating Activities $10.43B $6.728B $9.487B
YoY Change 55.04% -18.63% 8.8%
INVESTING ACTIVITIES
Capital Expenditures -$4.947B -$4.979B -$7.668B
YoY Change -0.64% 34.64% 111.36%
Acquisitions $400.0M
YoY Change
Other Investing Activities $137.0M -$98.00M -$173.0M
YoY Change -239.8% -30.0% -296.59%
Cash From Investing Activities -$4.810B -$5.077B -$7.841B
YoY Change -5.26% 32.28% 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 -8.803B -8.272B -1.933B
YoY Change 6.42% 494.25% 76.37%
NET CHANGE
Cash From Operating Activities 10.43B 6.728B 9.487B
Cash From Investing Activities -4.810B -5.077B -7.841B
Cash From Financing Activities -8.803B -8.272B -1.933B
Net Change In Cash -3.182B -6.621B -287.0M
YoY Change -51.94% -317.94% -107.03%
FREE CASH FLOW
Cash From Operating Activities $10.43B $6.728B $9.487B
Capital Expenditures -$4.947B -$4.979B -$7.668B
Free Cash Flow $15.38B $11.71B $17.16B
YoY Change 31.36% -2.16% 38.93%

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CY2013 dei Entity Registrant Name
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VERIZON COMMUNICATIONS INC
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CY2013 dei Amendment Flag
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CY2013 dei Entity Filer Category
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CY2013 dei Document Fiscal Year Focus
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2013
CY2013 dei Document Type
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CY2013 dei Document Period End Date
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CY2013 dei Entity Central Index Key
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CY2013 dei Entity Well Known Seasoned Issuer
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CY2013 dei Entity Voluntary Filers
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CY2013 vz Schedule Of Summarized Financial Information For Equity Investees Income Statement Textblock
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CY2013 vz License Period
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CY2013 vz Schedule Of Summarized Financial Information For Equity Investees Balance Sheet Textblock
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