Financial Statements

Verizon Communications Inc. (VZ)


+0.29 (+0.78%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2022 2021 2020 2019 2018
Retained Earnings (Previous Year) 71,99360,46453,14743,542-
Net Income 21,25622,06517,80119,26515,528
Stock Dividends -64-91-25235637,786
Dividend Paid -10,805-10,445-10,232-10,016-9,772
Retained Earnings 82,38071,99360,46453,14743,542

PPE Schedule

Year 2022 2021 2020 2019 2018
Gross PPE 127,579117,364114,60989,286-
Annual Depreciation 32,72578,09723,07344,160107,373
Capital Expenditure -26,740-67,882-20,318-18,837-18,087
Net PPE 133,564127,579117,364114,60989,286

Intangible and Goodwill Schedule

Year 2022 2021 2020 2019 2018
Intangible and Goodwill (Previous Year) -24,61424,38924,77328,603
New Purchases -----2,265
Intangible and Goodwill 24,61424,38924,77328,60328,671

Verizon Communications Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Verizon Communications Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.