Verizon Communications Inc.

, Consolidated Income Statement

USD $ in millions

12 months ended Dec 31, 2016 Dec 31, 2015

Service revenues and other 108,468 114,696
Wireless equipment revenues 17,512 16,924
Operating revenues 125,980 131,620
Cost of services -29,186 -29,438
Wireless cost of equipment -22,238 -23,119
Cost of services and sales -51,424 -52,557
Gross profit 74,556 79,063
Selling, general and administrative expense, net -31,569 -29,986
Depreciation and amortization expense -15,928 -16,017
Operating
Equity income(losses) of unconsolidated
in earnings 27,059 33,060
businesses -98 -86
Other income and (expense), net -1,599 186
Interest expense
Income before (provision) benefit for income -4,376 -4,920
taxes 20,986 28,240
(Provision) benefit for income taxes -7,378 -9,865
Net income 13,608 18,375
Net income attributable to noncontrolling interests -481 -496
Net income attributable to Verizon 13,127 17,879
Source: Verizon Communications Inc., Annual Reports

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Copyright © 2018 Stock Analysis on Net
Dec 31, 2014 Dec 31, 2013 Dec 31, 2012
116,122 112,454 115,846
10,957 8,096 –
127,079 120,550 115,846
-28,306 -28,534 -46,275
-21,625 -16,353 –
-49,931 -44,887 -46,275
77,148 75,663 69,571
-41,016 -27,089 -39,951
-16,533 -16,606 -16,460
19,599 31,968 13,160
1,780 142 324
-1,194 -166 -1,016
-4,915 -2,667 -2,571
15,270 29,277 9,897
-3,314 -5,730 660
11,956 23,547 10,557
-2,331 -12,050 -9,682
9,625 11,497 875