| Address:
|
140 WEST STREET
29TH FLOOR |
| City: |
NEW YORK |
|
State: |
NY |
|
Zip Code: |
10007 |
| Telephone: |
212-395-1000 |
|
Description of Business
|
Primary SIC Code:
4813 |
| (As filed with the SEC)
|
|
|
Verizon Communications Inc. (Verizon, or the Company) is a holding company,
which, acting through its subsidiaries is one of the world's leading providers
of communications services. Formerly known as Bell Atlantic Corporation, we were
incorporated in 1983 under the laws of the State of Delaware. We began doing
business as Verizon on June 30, 2000 following our merger with GTE Corporation.
We have a highly diverse workforce of approximately 194,400 employees.
Our principal executive offices are located at 140 West Street, New York, New
York 10007 (telephone number 212-395-1000).
We have two primary reportable segments, Domestic Wireless and Wireline, which
we operate and manage as strategic business segments and organize by products
and services. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2011 | 2.15 | 0.500 | 18.66 | | 09/2011 | 2.49 | 0.500 | 14.78 | | 06/2011 | 2.23 | 0.488 | 16.70 | | 03/2011 | 1.25 | 0.488 | 30.83 | | 12/2010 | 0.90 | 0.488 | 39.76 | | 09/2010 | 0.17 | 0.488 | 191.71 | | 06/2010 | 0.24 | 0.444 | 107.77 | | 03/2010 | 0.79 | 0.444 | 36.49 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.03 | Total Liab/Total Assets | 0.82 | | Net Inc/Total Assets | 0.01 | Total Liab/Inv Cap | 1.00 | | Net Inc/Inv Cap | 0.01 | Total Liab/Comm Equity | 2.23 | | Pretax Inc/Net Sales | 0.12 | Interest Coverage Ratio | 6.03 | | Net Inc/Net Sales | 0.02 | Curr Debt/Equity | 0.09 | | Cash Flow/Net Sales | 0.31 | LTD/Equity | 0.52 | | SG&A/NetSales | 0.29 | Total Debt/Equity | 0.61 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 8.75 | Quick Ratio | 0.69 | | Inventory Turnover | 34.53 | Current Ratio | 0.73 | | Inventory Day Sales | 0.11 | Net Rec/Curr Assets | 0.53 | | Net Sales/Work Cap | -12.92 | Inv/Curr Assets | 0.05 | | Net Sales/PP&E | 1.21 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
27,913.00
|
27,536.00
|
26,990.00
|
26,395.00
|
|
Cost of Goods Sold
|
11,398.00
|
11,158.00
|
11,229.00
|
10,610.00
|
|
Selling & Admin Exps
|
7,689.00
|
7,373.00
|
7,284.00
|
5,291.00
|
|
Operating Income
|
4,647.00
|
4,892.00
|
4,453.00
|
6,411.00
|
|
Interest Exp
|
698.00
|
717.00
|
709.00
|
567.00
|
|
Pretax Income
|
4,098.00
|
4,306.00
|
3,881.00
|
6,000.00
|
|
Other Income
|
24.00
|
10.00
|
36.00
|
43.00
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
1,379.00
|
1,609.00
|
1,439.00
|
2,639.00
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
10,858.00
|
6,828.00
|
14,730.00
|
7,213.00
|
|
Receivables - Total
|
11,648.00
|
11,483.00
|
11,028.00
|
11,781.00
|
|
Inventories - Total
|
1,153.00
|
1,270.00
|
1,245.00
|
1,131.00
|
|
Total Current Assets
|
27,770.00
|
22,472.00
|
29,923.00
|
22,348.00
|
|
Net Property, Plant & Equipment
|
88,843.00
|
89,397.00
|
88,245.00
|
87,711.00
|
|
Total Assets
|
228,032.00
|
223,756.00
|
228,108.00
|
220,005.00
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
14,486.00
|
14,238.00
|
13,810.00
|
15,702.00
|
|
Debt in Current Liabilities
|
8,630.00
|
6,055.00
|
11,823.00
|
7,542.00
|
|
Total Current Liabilities
|
34,636.00
|
27,374.00
|
32,747.00
|
30,597.00
|
|
Long-Term Debt
|
46,285.00
|
47,927.00
|
49,374.00
|
45,252.00
|
|
Total Liabilities
|
188,981.00
|
184,408.00
|
189,120.00
|
181,436.00
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
48,464.00
|
51,364.00
|
49,876.00
|
48,343.00
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
297.00
|
297.00
|
297.00
|
297.00
|
|
Retained Earnings
|
4,619.00
|
4,656.00
|
4,427.00
|
4,368.00
|
|
Treasury Stock
|
-5,112.00
|
-5,132.00
|
-5,189.00
|
-5,267.00
|
|
Total Stockholders' Equity
|
87,515.00
|
39,348.00
|
38,988.00
|
86,912.00
|
|
Total Liabilities and Stockholders' Equity
|
276,496.00
|
223,756.00
|
228,108.00
|
268,348.00
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
8,720.00
|
7,757.00
|
5,035.00
|
8,249.00
|
|
Net Cash Provided by Investing Activities
|
-3,540.00
|
-5,497.00
|
-4,375.00
|
-4,994.00
|
|
Net Cash Provided by Financing Activities
|
-1,096.00
|
-10,027.00
|
6,679.00
|
-1,981.00
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 88,144.00 | 6,197.00 | 1.75 | | 12/2007 | 93,469.00 | 5,521.00 | 1.77 | | 12/2008 | 97,354.00 | 6,428.00 | 2.11 | | 12/2009 | 107,808.00 | 4,894.00 | 1.21 | | 12/2010 | 106,565.00 | 2,549.00 | 0.90 | | Growth Rates | 4.86 | -19.92 | -15.32 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 1337 | 1,495,770 | 52.83 |
|
Report Date :
2/6/2012
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