Financial Statements

Verizon Communications Inc. (VZ)


-0.25 (-0.49%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 60,46453,14743,54235,635-
Net Income 22,06517,80119,26515,52830,101
Stock Dividends -91-2523562,15115,006
Dividend Paid -10,445-10,232-10,016-9,772-9,472
Retained Earnings 71,99360,46453,14743,54235,635

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 117,364114,60989,28688,568-
Annual Depreciation 78,09723,07344,16018,805106,398
Capital Expenditure -67,882-20,318-18,837-18,087-17,830
Net PPE 127,579117,364114,60989,28688,568

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -29,17224,61424,38924,773
New Purchases -----
Intangible and Goodwill 29,17224,61424,38924,77328,603

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.