VZ | Verizon Communications Inc. Stock Financials Income Statements Annual

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Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Revenue	133.97B	136.84B	133.61B	128.29B	131.87B	130.86B	126.03B	125.98B	131.62B	127.08B	120.55B	115.85B	110.88B	106.56B	107.81B	97.35B	93.47B	88.18B	69.52B	65.75B	67.47B	67.06B	66.71B	64.71B	58.19B	31.57B	30.19B	29.16B	27.93B	13.79B
Cost of Revenue	54.89B	59.13B	56.30B	51.20B	54.73B	55.51B	53.06B	52.70B	52.56B	49.93B	44.89B	46.27B	45.88B	44.15B	44.58B	38.62B	37.55B	35.31B	24.41B	22.03B	21.70B	19.87B	20.54B	39.48B	33.73B	9.80B	8.44B	7.59B	6.87B	4.00B
Gross Profit	79.09B	77.70B	77.31B	77.09B	77.14B	75.36B	72.97B	73.28B	79.06B	77.15B	75.66B	69.57B	65.00B	62.42B	63.23B	58.74B	55.92B	52.87B	45.11B	43.72B	45.77B	47.19B	46.17B	25.23B	24.46B	21.76B	21.75B	21.56B	21.05B	9.79B
Operating Expenses	56.21B	47.23B	44.86B	48.29B	46.58B	48.49B	43.77B	43.02B	46.00B	57.55B	43.70B	56.41B	52.12B	47.77B	47.25B	56.13B	40.34B	39.50B	33.06B	32.85B	38.50B	35.06B	34.35B	12.26B	9.89B	15.14B	16.41B	15.48B	15.63B	6.99B
Selling, General & Admin	31.30B	30.14B	28.66B	31.57B	29.90B	31.08B	26.82B	27.09B	29.99B	41.02B	27.09B	39.95B	35.62B	31.37B	30.72B	41.52B	25.97B	24.95B	19.44B	19.35B	24.89B	21.78B	20.83B	N/A	8.24B	9.27B	9.05B	8.70B	8.81B	4.33B
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Operating Expenses	24.91B	2.30B	3.81B	-475.00M	583.00M	3.00B	-120.00M	-3.85B	71.00M	-1.30B	-230.00M	-1.07B	-82.00M	-43.00M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	22.88B	30.47B	32.45B	28.80B	30.38B	22.28B	27.43B	29.25B	33.06B	19.60B	31.97B	13.16B	12.88B	14.64B	15.98B	2.61B	15.58B	13.37B	12.58B	10.87B	7.41B	14.88B	11.47B	12.96B	14.57B	6.63B	5.34B	6.08B	5.42B	2.80B
Other Expenses / Income	-5.89B	-2.20B	-3.03B	-4.83B	-7.64B	-2.65B	-6.83B	-8.26B	-4.82B	-4.33B	-2.69B	-4.05B	-2.40B	-1.96B	-2.46B	-969.00M	-1.03B	-1.18B	-913.00M	-564.00M	-1.15B	-7.34B	-8.12B	4.85B	-1.41B	-1.63B	-1.36B	-1.17B	-882.40M	-517.80M
Before Tax Income	16.99B	28.27B	29.42B	23.97B	22.73B	19.62B	20.59B	20.99B	28.24B	15.27B	29.28B	9.90B	10.48B	12.68B	13.52B	1.64B	14.54B	12.19B	11.45B	10.31B	6.26B	7.53B	3.36B	17.82B	13.17B	5.00B	3.98B	4.91B	4.54B	2.29B
Income Tax Expenses	4.89B	6.52B	6.80B	5.62B	2.94B	3.58B	-9.96B	7.38B	9.87B	3.31B	5.73B	-660.00M	285.00M	2.47B	1.21B	3.33B	3.98B	2.67B	3.21B	2.85B	1.25B	1.62B	2.18B	7.01B	2.56B	2.01B	1.53B	1.01B	1.15B	884.90M
Net Income	11.61B	21.26B	22.07B	17.80B	19.27B	15.53B	30.10B	13.13B	17.88B	9.62B	11.50B	875.00M	2.40B	2.55B	3.65B	6.43B	5.52B	6.20B	7.40B	7.83B	3.08B	4.08B	389.00M	11.80B	4.20B	2.96B	2.45B	1.74B	1.86B	-754.80M
Interest Expenses	5.52B	3.61B	3.48B	4.25B	4.73B	4.83B	4.73B	4.38B	4.92B	4.92B	2.67B	2.57B	2.83B	2.52B	3.10B	1.82B	1.83B	2.35B	2.13B	2.34B	2.80B	3.13B	3.28B	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	4.21B	4.20B	4.15B	4.14B	4.14B	4.13B	4.08B	4.08B	4.08B	3.97B	2.87B	2.85B	2.83B	2.83B	2.84B	2.85B	2.90B	2.91B	2.77B	2.77B	2.76B	2.73B	2.71B	2.72B	2.74B	1.55B	1.55B	934.26M	872.86M	876.80M
Diluted Shares Outstanding	4.21B	4.20B	4.15B	4.14B	4.14B	4.13B	4.09B	4.09B	4.09B	3.98B	2.87B	2.86B	2.84B	2.83B	2.84B	2.85B	2.90B	2.94B	2.82B	2.83B	2.83B	2.79B	2.73B	2.73B	2.78B	1.58B	1.56B	946.47M	872.86M	876.80M
EBITDA	40.14B	48.60B	52.87B	48.11B	48.00B	47.04B	46.54B	45.77B	49.18B	36.72B	48.55B	28.93B	29.81B	31.51B	33.16B	18.07B	30.75B	29.09B	27.19B	26.14B	22.66B	23.95B	20.16B	25.23B	24.46B	16.27B	11.10B	11.36B	10.65B	5.46B
EBITDA Margin	29.96%	35.52%	39.57%	37.50%	36.40%	35.95%	36.92%	36.33%	37.36%	28.89%	40.27%	24.97%	26.88%	29.57%	30.75%	18.56%	32.90%	32.98%	39.12%	39.76%	33.59%	35.71%	30.21%	38.98%	42.04%	51.55%	36.75%	38.95%	38.14%	39.57%
EBIT	22.03B	31.39B	32.35B	27.67B	26.94B	23.95B	24.88B	24.88B	32.66B	17.85B	19.89B	2.79B	5.52B	7.54B	7.96B	11.58B	11.33B	11.22B	12.74B	13.02B	7.13B	8.83B	5.84B	18.81B	6.76B	4.97B	3.98B	2.75B	3.01B	130.10M
EBIT Margin	16.44%	22.94%	24.21%	21.57%	20.43%	18.30%	19.74%	19.75%	24.82%	14.05%	16.50%	2.40%	4.97%	7.07%	7.39%	11.89%	12.12%	12.72%	18.32%	19.80%	10.56%	13.16%	8.76%	29.06%	11.61%	15.75%	13.20%	9.43%	10.76%	0.94%
Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31