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VZ Price Correlated With Financials For Verizon Communications

Free historical financial statements for Verizon Communications Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 50 quarters since 2010. Compare with VZ stock chart to see long term trends.

VZ Stock Compared to Quarterly

VZ Income Statement

Revenue, Net:33789000000
Revenue Per Share:8.0431
Selling, General & Admin Expense:7496000000
Total Operating Expenses:26237000000
Operating Income:7552000000
Income Taxes:1542000000
Net Income:5315000000
Earnings Per Share, Basic:1.24
Shares Outstanding, Basic Avg:4201000000

VZ Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:4321000000
Net Cash from Operations:10844000000
Net Cash from Operations Per Share:2.5813
Cash Dividends Paid:2724000000
Net Cash from Financing Activities:-4082000000
Purchases of Businesses, Net of Cash:-247000000
Net Cash from Investing Activities:-6661000000
Net Change in Cash & Equivalents:101000000

VZ Balance Sheet

Cash and Cash Equivalents:3333000000
Accounts Receivable, Net:23909000000
Inventories:3646000000
Total Current Assets:37499000000
Property, Plant & Equipment, Net:101310000000
Total Assets:370147000000
Accounts Payable:null
Current Portion of Long-Term Debt:12873000000
Total Short-Term Liabilities:49224000000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group Inc
345,733,122 sh
15,512,036 sh
5%
$17,545,956
$724,494
Blackrock Inc.
316,099,553 sh
11,398,708 sh
4%
$16,042,053
$520,592
State Street Corp
163,729,827 sh
-4,143,248 sh
-2%
$8,309,289
-$242,165
Geode Capital Management, LLC
77,788,479 sh
2,567,166 sh
3%
$3,941,406
$118,503
Bank Of America Corp /De/
75,784,030 sh
75,784,030 sh
NEW
$3,846,041
$3,846,041
Charles Schwab Investment Management Inc
63,777,570 sh
3,995,448 sh
7%
$3,236,710
$191,407
Morgan Stanley
61,046,974 sh
16,446,817 sh
37%
$3,098,134
$826,202
JPMorgan Chase & Co
53,991,522 sh
14,780,464 sh
38%
$2,740,070
$742,659
FMR LLC
46,131,882 sh
6,042,854 sh
15%
$2,341,192
$299,058
Capital World Investors
44,698,934 sh
-5,180,209 sh
-10%
$2,268,487
-$272,411
Bank Of New York Mellon Corp
39,350,953 sh
1,763,762 sh
5%
$1,997,059
$82,366
Dimensional Fund Advisors LP
32,681,915 sh
-527,603 sh
-2%
$1,658,606
-$33,285
Legal & General Group Plc
31,576,105 sh
923,696 sh
3%
$1,602,490
$41,057
Wellington Management Group Llp
30,976,360 sh
-1,690,115 sh
-5%
$1,572,051
-$91,981
Invesco Ltd.
30,295,914 sh
8,805,836 sh
41%
$1,537,517
$442,814
Ameriprise Financial Inc
27,656,591 sh
1,552,239 sh
6%
$1,403,306
$75,782
California Public Employees Retirement System
27,506,005 sh
-341,377 sh
-1%
$1,395,930
-$22,616
Royal Bank Of Canada
26,933,923 sh
26,875,823 sh
46258%
$1,366,895
$1,363,935
Capital Research Global Investors
26,395,963 sh
13,005,978 sh
97%
$1,339,595
$657,509
Deutsche Bank Ag\
18,763,481 sh
4,324,722 sh
30%
$952,245
$216,736
COMPANY PROFILE
Note 1. Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) in the United States (U.S.) and based upon Securities and Exchange Commission rules that permit reduced disclosure for interim periods. For a more complete discussion of significant accounting policies and certain other information, you should refer to the financial statements included in Verizon Communications Inc.'s (Verizon or the Company) Annual Report on Form 10-K for the year ended December 31, 2021. These financial statements reflect all adjustments that are necessary for a fair presentation of results of operations and financial condition for the interim periods shown, including normal recurring accruals and other items. The results for the interim periods are not necessarily indicative of results for the full year.

Earnings Per Common Share

There were a total of approximately 1.4 million and 1.5 million outstanding dilutive securities, primarily consisting of restricted stock units, included in the computation of diluted earnings per common share for the three and six months ended June 30, 2022, respectively. There were a total of approximately 1.9 million and 1.8 million outstanding dilutive securities, primarily consisting of restricted stock units, included in the computation of diluted earnings per common share for the three and six months ended June 30, 2021, respectively.

Cash, Cash Equivalents and Restricted Cash

We consider all highly liquid investments with an original maturity of 90 days or less when purchased to be cash equivalents. Cash equivalents are stated at cost, which approximates quoted market value and includes amounts held in money market funds.

Cash collections on the device payment plan agreement receivables collateralizing our asset-backed debt securities are required at certain specified times to be placed into segregated accounts. Deposits to the segregated accounts are considered restricted cash and are included in Prepaid expenses and other and Other assets in our condensed consolidated balance sheets.

Cash, cash equivalents and restricted cash are included in the following line items in the condensed consolidated balance sheets:

At June 30, At December 31, Increase / (Decrease) (dollars in millions)

2022 2021 Cash and cash equivalents $ 1,857 $ 2,921 $ (1,064) Restricted cash: Prepaid expenses and other

1,322 1,094 228 Other assets

154 146 8 Cash, cash equivalents and restricted cash $ 3,333 $ 4,161 $ (828)

Data imported from Verizon Communications Inc SEC filings. Check original filings before making any investment decision.