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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 51 quarters since 2010. Compare with VZ stock chart to see long term trends.

VZ Stock Compared to Quarterly

VZ Income Statement

Revenue, Net:34241000000
Revenue Per Share:8.1487
Selling, General & Admin Expense:7422000000
Total Operating Expenses:26347000000
Operating Income:7894000000
Income Taxes:1496000000
Net Income:5024000000
Earnings Per Share, Basic:1.17
Shares Outstanding, Basic Avg:4202000000

VZ Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:4324000000
Net Cash from Operations:10534000000
Net Cash from Operations Per Share:2.5069
Cash Dividends Paid:2688000000
Net Cash from Financing Activities:-1616000000
Purchases of Businesses, Net of Cash:-1000000
Net Cash from Investing Activities:-8664000000
Net Change in Cash & Equivalents:254000000

VZ Balance Sheet

Cash and Cash Equivalents:3587000000
Accounts Receivable, Net:23670000000
Inventories:3133000000
Total Current Assets:39746000000
Property, Plant & Equipment, Net:103004000000
Total Assets:375090000000
Accounts Payable:null
Current Portion of Long-Term Debt:14995000000
Total Short-Term Liabilities:53141000000
Long Term Debt, Non-Current Portion:132912000000
Total Long-Term Liabilities:233166000000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group Inc
349,590,768 sh
3,857,646 sh
1%
$13,273,960
-$4,271,996
Blackrock Inc.
319,233,100 sh
3,133,547 sh
1%
$12,121,282
-$3,920,771
State Street Corp
165,028,281 sh
1,298,454 sh
1%
$6,266,124
-$2,043,165
Geode Capital Management, LLC
79,119,876 sh
1,331,397 sh
2%
$3,001,615
-$939,791
Charles Schwab Investment Management Inc
73,687,365 sh
9,909,795 sh
16%
$2,797,912
-$438,798
Bank Of America Corp /De/
70,960,316 sh
70,323,116 sh
11036%
$2,694,362
$2,662,024
Morgan Stanley
55,988,768 sh
-5,058,206 sh
-8%
$2,125,894
-$972,240
JPMorgan Chase & Co
53,219,820 sh
-771,702 sh
-1%
$2,020,755
-$719,315
FMR LLC
47,962,950 sh
1,831,068 sh
4%
$1,821,153
-$520,039
Northern Trust Corp
46,995,168 sh
-596,973 sh
-1%
$1,784,406
-$639,939
Capital World Investors
42,147,666 sh
-2,551,268 sh
-6%
$1,600,401
-$668,086
Bank Of New York Mellon Corp
39,311,683 sh
-39,270 sh
0%
$1,492,665
-$504,394
Dimensional Fund Advisors LP
36,396,520 sh
3,714,605 sh
11%
$1,382,176
-$276,430
Legal & General Group Plc
30,733,009 sh
-843,096 sh
-3%
$1,166,936
-$435,554
Invesco Ltd.
28,578,301 sh
-1,717,613 sh
-6%
$1,085,117
-$452,400
Capital Research Global Investors
27,902,586 sh
1,506,623 sh
6%
$1,059,461
-$280,134
California Public Employees Retirement System
27,089,902 sh
-416,103 sh
-2%
$1,028,604
-$367,326
Ameriprise Financial Inc
26,694,533 sh
-962,058 sh
-3%
$1,013,830
-$389,476
Wells Fargo & Company/Mn
23,206,848 sh
23,117,448 sh
25858%
$881,164
$876,610
Royal Bank Of Canada
22,899,387 sh
-4,034,536 sh
-15%
$869,490
-$497,405
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.