Verizon Communications Inc. | Income Statement
Fiscal year is January-December. All values USD Millions.
2013
2014
2015
2016
2017
2018
Sales/Revenue
120,550
127,079
131,620
125,980
126,034
130,863
Cost of Goods Sold (COGS) incl. D&A
61,493
66,464
68,574
67,352
68,510
72,608
Gross Income
59,057
60,615
63,046
58,628
57,524
58,255
SG&A Expense
27,367
41,723
30,240
32,718
31,005
28,248
EBIT
31,690
18,892
-
25,910
26,519
30,007
Unusual Expense
6,232
1,400
-
1,800
2,879
6,554
Non Operating Income/Expense
48
805
325
1,291
1,682
888
Interest Expense
2,667
4,915
4,920
4,376
4,733
4,833
Pretax Income
29,277
15,270
28,240
20,986
20,594
19,623
Income Tax
5,730
3,314
9,865
7,378
9,956
3,584
Consolidated Net Income
23,547
11,956
18,375
13,608
30,550
16,039
Net Income
11,497
9,625
17,879
13,127
30,101
15,528
Net Income After Extraordinaries
11,497
9,625
17,879
13,127
30,101
15,528
Net Income Available to Common
11,497
9,625
17,879
13,127
30,101
15,528
EPS (Basic)
4.00
2.42
4.37
3.21
7.36
3.76
Basic Shares Outstanding
2,866
3,974
4,085
4,080
4,084
4,128
EPS (Diluted)
4.00
2.42
4.37
3.21
7.36
3.76
Diluted Shares Outstanding
2,874
3,981
4,093
4,086
4,089
4,132
EBITDA
48,296
35,425
48,823
41,838
43,473
47,410
Non-Operating Interest Income
64
108
115
59
82
94
Minority Interest Expense
12,050
2,331
496
481
449
511
Equity in Affiliates (Pretax)
142
1,780
86
98
77
21
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