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VZ Financial Statements and Analysis

NYSE : VZ

Verizon Communications Inc.

$42.76
0.27+0.64%
At Close 4:00 PM
$42.85
0.09+0.21%
After-Market 06:03 PM
68.04
B+ESG ScoreESG Rating

VZ FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

VZ Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
revenue33.33B32.796B32.981B35.13B33.336B
cost of revenue13.24B12.471B12.872B19.698B17.868B
gross profit20.09B20.325B20.109B15.432B15.468B
gross profit ratio0.6030.620.610.4390.464
research and development expenses00000
general and administrative expenses0005.144B0
selling and marketing expenses0003.847B0
selling general and administrative expenses9.706B8.024B8.143B8.991B7.882B
other expenses4.458B4.483B10.00M-980.00M-13.00M
operating expenses14.164B8.024B12.588B8.991B7.882B
cost and expenses27.404B24.978B25.46B28.689B25.75B
interest income97.00M83.00M78.00M89.00M98.00M
interest expense1.672B1.698B1.635B1.906B1.844B
depreciation and amortization4.458B4.483B4.445B4.516B4.431B
ebitda10.43B12.068B12.072B10.957B12.017B
ebitda ratio0.3130.3750.3650.3120.36
operating income5.926B7.818B7.521B6.441B7.586B
operating income ratio0.1780.2380.2280.1830.228
total other income expenses net-1.624B-1.784B-1.446B-8.258B-1.394B
income before tax4.302B6.034B6.075B-1.817B6.192B
income before tax ratio0.1290.1840.184-0.0520.186
income tax expense891.00M1.332B1.353B756.00M1.308B
net income3.306B4.593B4.602B-2.705B4.762B
net income ratio0.0990.140.14-0.0770.143
eps0.781.091.09-0.641.13
eps diluted0.781.091.09-0.641.13
weighted average shs out4.22B4.215B4.215B4.214B4.213B
weighted average shs out dil4.225B4.221B4.219B4.214B4.216B
Graph

VZ Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
cash and cash equivalents4.987B2.432B2.365B2.065B4.21B
short term investments015.00M0032.00M
cash and short term investments4.987B2.432B2.365B2.065B4.21B
net receivables27.04B26.702B26.38B25.085B23.602B
inventory2.523B1.841B2.076B2.057B2.24B
other current assets6.091B7.081B7.136B1.651B8.067B
total current assets40.641B38.056B37.957B36.814B38.119B
property plant equipment net131.141B131.954B132.214B133.036B132.576B
goodwill22.844B22.842B22.842B22.843B28.642B
intangible assets167.155B166.971B166.946B166.724B166.417B
goodwill and intangible assets189.999B189.813B189.788B189.567B195.059B
long term investments867.00M908.00M941.00M953.00M929.00M
tax assets046.082B0044.434B
other non current assets18.516B-27.667B19.258B19.885B-26.287B
total non current assets340.523B341.09B342.201B343.441B346.711B
other assets00000
total assets381.164B379.146B380.158B380.255B384.83B
account payables22.222B19.727B010.021B26.14B
short term debt26.075B29.148B19.876B17.239B16.856B
tax payables0002.612B0
deferred revenue7.221B7.163B06.955B6.853B
other current liabilities6.298B11.931B33.755B19.008B5.828B
total current liabilities61.816B60.806B53.631B53.223B55.677B
long term debt148.125B147.708B157.941B157.703B155.214B
deferred revenue non current1.882B1.881B013.189B12.226B
deferred tax liabilities non current45.865B46.082B45.98B45.781B44.434B
other non current liabilities27.69B27.011B26.88B16.56B18.191B
total non current liabilities221.68B220.801B230.801B233.233B230.065B
other liabilities00000
capital lease obligations23.559B25.933B26.119B24.268B24.679B
total liabilities283.496B281.607B284.432B286.456B285.742B
preferred stock09.949B01.38B0
common stock429.00M429.00M429.00M429.00M429.00M
retained earnings86.958B86.504B84.714B82.915B88.416B
accumulated other comprehensive income loss-1.665B-1.287B-1.199B-1.38B-1.428B
other total stockholders equity10.604B10.526B10.39B9.086B10.324B
total stockholders equity96.326B96.172B94.334B92.43B97.741B
total equity97.668B97.539B95.726B93.799B99.088B
total liabilities and stockholders equity381.164B379.146B380.158B380.255B384.83B
minority interest1.342B1.367B1.392B1.369B1.347B
total investments867.00M908.00M941.00M953.00M929.00M
total debt174.20B149.277B151.698B174.942B172.07B
net debt169.213B146.845B149.333B172.877B167.86B
Graph

VZ Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
deferred income tax-35.00M141.00M141.00M1.566B189.00M
stock based compensation0007.519B608.00M
change in working capital963.00M-704.00M-2.867B-1.239B1.592B
accounts receivables00000
inventory00000
accounts payables00000
other working capital963.00M-1.041B-2.531B00
other non cash items1.114B9.938B9.653B-1.112B-926.00M
net cash provided by operating activities9.911B9.485B7.084B8.677B10.778B
investments in property plant and equipment-4.103B-3.859B-4.825B-4.603B-4.094B
acquisitions net000-30.00M0
purchases of investments00000
sales maturities of investments00000
other investing activites-4.003B6.00M-420.00M-3.191B-1.314B
net cash used for investing activites-4.003B-3.865B-5.245B-7.824B-5.408B
debt repayment-1.236B-2.225B-2.051B-1.327B-4.314B
common stock issued00000
common stock repurchased00000
dividends paid-2.801B-2.802B-2.796B-2.794B-2.744B
other financing activites-378.00M-607.00M-683.00M1.105B1.003B
net cash used provided by financing activities-4.415B-5.634B-1.428B-3.016B-6.055B
effect of forex changes on cash00000
net change in cash1.493B80.00M397.00M-2.163B-685.00M
cash at end of period5.387B3.786B3.706B3.497B5.66B
cash at beginning of period3.894B3.706B3.309B5.66B6.345B
operating cashflow9.911B9.485B7.084B8.677B10.778B
capital expenditure-4.103B-3.859B-4.825B-4.603B-4.094B
free cash flow5.808B5.626B2.259B4.074B6.684B
Graph

Frequently Asked Questions

How did Verizon Communications Inc. do last quarter? What was its Total Revenue and Cost of Revenue?

A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, VZ generated $33.33B in revenue last quarter, while its costs came in at $13.24B.

Last quarter, how much Gross Profit did Verizon Communications Inc. report?

A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. Verizon Communications Inc. reported a $20.09B Gross Profit for the quarter ended Sep 30, 2024.

Have VZ's Total Operating Expenses and Operating Income been favorable recently?

Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. VZ incurred $14.16B worth of Operating Expenses, while it generated $5.93B worth of Operating Income.

How much Net Income has VZ posted recently?

The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from Verizon Communications Inc., the company generated $3.31B in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.

At the end of the last quarter, how much Cash and Equivalents did Verizon Communications Inc. have?

The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to Verizon Communications Inc. as of the end of the last quarter was $4.99B.

What are VZ's Total Net Receivables for the last quarter?

Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, VZ had Total Net Receivables of $27.04B.

In terms of Total Assets and Current Assets, where did Verizon Communications Inc. stand at?

An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of VZ were $40.64B, while the Total Assets stand at $381.16B.

As of the last quarter, how much Total Debt did Verizon Communications Inc. have?

The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of VZ's debt was $174.20B at the end of the last quarter.

What were VZ's Total Liabilities during the last reported quarter?

A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, VZ reported total liabilities of $283.50B.

How much did VZ's Working Capital change over the last quarter?

Working Capital Change for VZ was $963.00M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.

VZ generated how much cash from operating activities?

An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. VZ generated $9.91B of Cash from Operating Activities during its recently reported quarter.

What was VZ's latest reported Net Change in Cash?

An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. VZ reported a $1.49B Net Change in Cash in the most recent quarter.

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