Company Information

Learn More About XBRL  

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) 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 Communications on June 30, 2000 following our merger with GTE Corporation. We completed our merger with MCI on January 6, 2006, and its operations are now part of our wireline business. Stressing diversity and commitment to the communities in which we operate, we have a highly diverse workforce of approximately 235,000 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, Wireline and Domestic Wireless, which we operate and manage as strategic business segments and organize by products and services.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20082.190.46014.65
06/20082.040.43017.35
03/20081.950.42818.60
12/20071.890.42822.99
09/20071.900.42823.18
06/20072.090.40319.60
03/20071.940.40319.45
12/20061.870.40319.81

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2007 Leverage 2007
Net Inc/Comm Equity0.15Total Liab/Total Assets0.73
Net Inc/Total Assets0.03Total Liab/Inv Cap0.86
Net Inc/Inv Cap0.03Total Liab/Comm Equity3.67
Pretax Inc/Net Sales0.10Interest Coverage Ratio6.19
Net Inc/Net Sales0.06Curr Debt/Equity0.06
Cash Flow/Net Sales0.28LTD/Equity0.56
SG&A/NetSales0.28Total Debt/Equity0.62
Asset Utilization   Liquidity  
Net Receivables Turnover8.26Quick Ratio0.69
Inventory Turnover12.87Current Ratio0.76
Inventory Day Sales0.06Net Rec/Curr Assets0.63
Net Sales/Work Cap-15.47Inv/Curr Assets0.09
Net Sales/PP&E1.10  

Income Statement (Millions)

  9/30/2008 6/30/2008 3/31/2008 12/31/2007
Total Revenues(Net Sales) 24,752.00 24,124.00 23,833.00 23,840.00
Cost of Goods Sold 10,048.00 9,466.00 9,517.00 9,796.00
Selling & Admin Exps 6,879.00 6,528.00 6,401.00 6,955.00
Operating Income 4,173.00 4,546.00 4,333.00 3,423.00
Interest Exp 440.00 403.00 459.00 439.00
Pretax Income 2,519.00 2,863.00 2,587.00 1,831.00
Other Income 105.00 92.00 23.00 87.00
Net Income Bef Extraordinary ... NA NA NA 1,072.00
Net Income 1,669.00 1,882.00 1,642.00 1,072.00

Balance Sheet (Millions)

Assets 9/30/2008 6/30/2008 3/31/2008 12/31/2007
Cash & Short Term Investments 2,294.00 2,074.00 7,442.00 3,397.00
Receivables - Total 11,724.00 11,584.00 11,048.00 11,736.00
Inventories - Total 2,485.00 2,216.00 1,672.00 1,729.00
Total Current Assets 19,131.00 17,996.00 22,448.00 18,698.00
Net Property, Plant & Equipment 85,689.00 85,155.00 84,484.00 85,294.00
Total Assets 204,861.00 200,646.00 191,293.00 186,959.00
Liabilities        
Accounts Payable 13,715.00 13,299.00 13,661.00 14,462.00
Debt in Current Liabilities 7,297.00 9,331.00 3,712.00 2,954.00
Total Current Liabilities 28,275.00 29,900.00 24,744.00 24,741.00
Long-Term Debt 37,478.00 33,778.00 32,134.00 28,203.00
Total Liabilities 153,907.00 149,759.00 141,013.00 136,378.00
Stockholder's Equity        
Minority Interest 35,892.00 34,633.00 33,399.00 32,288.00
Preferred Stock NA NA NA NA
Common Stock 297.00 297.00 297.00 297.00
Retained Earnings 19,322.00 18,958.00 18,301.00 17,884.00
Treasury Stock -4,841.00 -4,591.00 -4,481.00 -3,489.00
Total Stockholders' Equity 50,954.00 50,887.00 50,280.00 50,581.00
Total Liabilities and Stockholders' Equity 204,861.00 200,646.00 191,293.00 186,959.00

Cash Flow Summary (Millions)

Categories 9/30/2008 6/30/2008 3/31/2008 12/31/2007
Net Cash Provided by Operating Activities 7,026.00 6,662.00 5,390.00 8,290.00
Net Cash Provided by Investing Activities -5,614.00 -17,450.00 -4,818.00 -5,624.00
Net Cash Provided by Financing Activities -1,298.00 5,885.00 3,760.00 -2,228.00

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/200367,752.003,077.002.51
12/200471,283.007,831.002.48
12/200575,112.007,397.002.54
12/200688,144.006,197.001.87
12/200793,469.005,521.001.89
Growth Rates8.3815.74-6.85

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/0811821,783,53062.79




Report Date : 11/11/2008

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