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 2017 - 30.10 billion USD. In 2018 the company owned a total of 264.83 billion USD worth of assets, including 34.64 billion USD worth of current assets. The company amassed the most assets last year, totalling up to 264.83 billion USD.

VERIZON COMMUNICATIONS INC Income Statement

Name [in Millions USD]2006200720082009201020112012201320142015201620172018Trends
Cost of Goods and Services Sold 37,54739,00744,57944,14945,87546,27544,88749,931
Selling, General and Administrative Expense 25,96726,89830,71731,36635,62439,95127,08941,01629,98631,56930,11031,083
Operating Income (Loss) 15,57816,88415,97814,64512,88013,16031,96819,59933,06027,05927,41422,278
Interest expense 1,8291,8193,1022,5232,8272,5712,6674,9154,9204,3764,7334,833
Other Nonoperating Income (Expense) 2112829154-14-1,016-166-1,194186-3,789-2,0102,364
Income Tax Expense (Benefit) 3,9823,3311,9192,467285-6605,7303,3149,8657,378-9,9563,584
Net income 5,5216,4284,8942,5492,40487511,4979,62517,87913,12730,10115,528

VERIZON COMMUNICATIONS INC Balance Sheet

Name [in Millions USD]2006200720082009201020112012201320142015201620172018Trends
Cash and cash equivalents 3,2195828204,7616,24010,0011,7885,7763,0082,8574,5831,7502,745
Accounts Receivable, Net, Current 12,17012,05811,48311,59512,21612,96613,44413,29419,77123,09925,102
Inventories 2,7759851,2708561,0401,0731,1499311,1161,1021,336
Property, Plant and Equipment, Gross 224,150234,727212,949217,739215,224227,475213,661225,756239,226249,294252,835
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 133,848142,626123,552129,844126,892137,763131,129142,584152,705161,513163,549
Goodwill 22,18922,46723,48023,47824,33624,66325,42925,41728,52729,20024,614
Other Assets, Noncurrent 8,5918,0665,4035,0013,8015,2626,5457,2358,79510,94311,717
Total assets 224,999226,251223,756226,072223,346224,427240,753231,870252,978263,303264,829
Current assets 21,46421,06122,47227,13021,95722,88721,50220,84428,82330,87634,636
Accounts payable 4,3373,9364,1944,7404,9545,5986,3917,0847,0637,232
Taxes Payable, Current 1,4441,1571,0781,1961,5561,4572,0541,5161,4831,483
Total current liabilities 26,36831,83427,37426,35329,19126,49330,64534,40827,75832,32937,930
Long-term Debt, Excluding Current Maturities 55,05145,25250,30347,61889,658
Long-term Debt 61,15652,79453,21851,48793,144
Deferred income taxes 17,73721,32424,60325,64925,69642,02742,94543,82547,50635,06935,712
Common Stock, Value, Issued 297297297297297424424424424429429
Retained Earnings (Accumulated Deficit) 19,76515,1174,6561,845-2,4835,5516,41811,65218,15941,65743,542
Accumulated Other Comprehensive Income (Loss), Net of Tax -12,742-11,1401,3541,1471,9941,1888212,8472,2843,2052,370

VERIZON COMMUNICATIONS INC Cash Flow

Name [in Millions USD]2006200720082009201020112012201320142015201620172018Trends
Net income 5,5216,4284,8942,5492,40487511,4979,62517,87913,12730,10115,528
Depreciation and amortization 14,37714,56516,53416,40516,49616,46016,60616,53316,01715,92816,95417,403
Depreciation 13,22714,56414,59314,99114,92015,01914,96614,32314,22714,74115,186
Amortization of Intangible Assets 1,8121,5051,5401,5871,5671,6941,7012,2132,217
Deferred Income Tax Expense (Benefit) 4082,1832,0933,233-223-9525,785-923,516-1,063-14,463389
Accounts receivable 1,9311,0851,3938599661,7178432,7459455,0675,4362,667
Inventories -255188-235-299-208136-5613299-61-168324
Net Cash Provided by (Used in) Operating Activities 26,83927,55731,39033,36329,78031,48638,81830,63138,93021,68924,31834,339
Payments to Acquire Productive Assets 17,53817,23816,87216,45816,24416,17516,60417,19117,77517,05917,24716,658
Payments to Acquire Businesses, Net of Cash Acquired 4941823,5453,7655,928230
Payments to Acquire Intangible Assets 7862214,2985803549,9425345831,429
Net Cash Provided by (Used in) Investing Activities -16,108-31,579-23,156-15,054-17,250-20,502-14,833-15,856-30,043-9,874-18,456-17,934
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -16,865-31,579-23,331
Proceeds from Issuance of Long-term Debt 3,40221,59812,04011,0604,48949,16630,9676,66712,96427,70710,800
Proceeds from Issuance of Common Stock 1,2741602413158534403
Payments for Repurchase of Common Stock 2,8431,36801535,13400
Net Cash Provided by (Used in) Financing Activities -12,79712,651-16,007-13,650-5,836-21,25326,450-57,705-15,015-13,417-6,151-15,377
Cash and Cash Equivalents, Period Increase (Decrease) -2,0668,629-7,7734,6596,694-10,26950,435-42,930-6,128-1,590-801666