VERIZON COMMUNICATIONS INC company info

CIK 732712
IRS Number 232259884
State of incorporation DE
Business address 1095 AVENUE OF THE AMERICAS
None
NEW YORK
NY
10036
Mail address 1095 AVENUE OF THE AMERICAS
None
NEW YORK
NY
10036

Short summary

VERIZON COMMUNICATIONS INC is a New York company, with head office located at 1095 Avenue Of The Americas New York, New York 10036. The company achieved a record breaking net income in 2015 - 17.88 billion USD. In 2016 the company owned a total of 252.98 billion USD worth of assets, including 28.82 billion USD worth of current assets. The company amassed the most assets last year, totalling up to 252.98 billion USD.

VERIZON COMMUNICATIONS INC Income Statement

Name [in Millions USD]20062007200820092010201120122013201420152016Trends
Cost of Goods and Services Sold 37,54739,00744,57944,14945,87546,27544,88749,931
Selling, General and Administrative Expense 25,96741,51732,95031,36635,62439,95127,08941,01629,98631,569
Operating Income (Loss) 15,5782,61214,02714,64512,88013,16031,96819,59933,06027,059
Interest expense 1,8291,8193,1022,5232,8272,5712,6674,9154,9204,376
Other Nonoperating Income (Expense) 2112829154-14-1,016-166-1,194186-1,599
Income Tax Expense (Benefit) 3,9823,3311,2102,467285-6605,7303,3149,8657,378
Net income 5,521-2,1933,6512,5492,40487511,4979,62517,87913,127

VERIZON COMMUNICATIONS INC Balance Sheet

Name [in Millions USD]20062007200820092010201120122013201420152016Trends
Cash and cash equivalents 3,2195828204,7616,24010,0011,7885,7763,0082,8574,583
Accounts Receivable, Net, Current 12,17012,05811,48311,59512,21612,96613,44413,29419,771
Inventories 2,7759851,2708561,0401,0731,1499311,116
Property, Plant and Equipment, Gross 224,150234,727212,949217,739215,224227,475213,661225,756239,226
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 133,848142,626123,552129,844126,892137,763131,129142,584152,705
Goodwill 22,18922,46723,48023,47824,33624,66325,42925,41728,527
Other Assets, Noncurrent 8,5918,0665,4035,0013,8015,2626,5457,2358,795
Total assets 224,999226,251223,756226,072223,346224,427240,753231,870252,978
Current assets 21,46421,06122,47227,13021,95722,88721,50220,84428,823
Accounts payable 4,3373,9364,1944,7404,9545,5986,3917,084
Taxes Payable, Current 1,4441,1571,0781,1961,5561,4572,0541,516
Total current liabilities 26,36831,83427,37426,35329,19126,49330,64534,40827,758
Long-term Debt, Excluding Current Maturities 55,05145,25250,30347,61889,658
Long-term Debt 61,15652,79453,21851,48793,144
Deferred income taxes 17,73721,32424,60325,64925,69642,02742,94543,82547,506
Common Stock, Value, Issued 297297297297297424424424424
Retained Earnings (Accumulated Deficit) 19,76515,1174,6561,845-2,4835,5516,41811,65218,159
Accumulated Other Comprehensive Income (Loss), Net of Tax -12,742-11,1401,3541,1471,9941,1888212,8472,284

VERIZON COMMUNICATIONS INC Cash Flow

Name [in Millions USD]20062007200820092010201120122013201420152016Trends
Net income 5,521-2,1933,6512,5492,40487511,4979,62517,87913,127
Depreciation and amortization 14,37714,56516,53216,40516,49616,46016,60616,53316,01715,928
Depreciation 13,22714,56414,59314,99114,92015,01914,96614,32314,227
Amortization of Intangible Assets 1,8121,5051,5401,5871,5671,6941,701
Deferred Income Tax Expense (Benefit) 4082,1832,0933,233-223-9525,785-923,516-1,063
Accounts receivable -1,931-1,0851,393-8599661,7178432,7459455,067
Inventories -255-188235299-208136-5613299-61
Net Cash Provided by (Used in) Operating Activities 26,83927,45231,56533,36329,78031,48638,81830,63138,93022,715
Payments to Acquire Productive Assets 17,53817,23817,04716,45816,24416,17516,60417,19117,77517,059
Payments to Acquire Businesses, Net of Cash Acquired 4941823,5453,765
Payments to Acquire Intangible Assets 7862214,2985803549,942534
Net Cash Provided by (Used in) Investing Activities -16,108-31,579-23,331-15,054-17,250-20,502-14,833-15,856-30,043-10,983
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -16,865-31,579-23,331
Proceeds from Issuance of Long-term Debt 3,40221,59812,04011,0604,48949,16630,9676,66712,964
Proceeds from Issuance of Common Stock 1,2741602413158534403
Payments for Repurchase of Common Stock 2,8431,36801535,134
Net Cash Provided by (Used in) Financing Activities -12,79712,651-16,007-13,650-5,836-21,25326,450-57,705-15,015-13,322
Cash and Cash Equivalents, Period Increase (Decrease) -2,0668,629-7,7734,6596,694-10,26950,435-42,930-6,128-1,590