• VERIZON COMMUNICATIONS INC Income Statement

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    Annual Data | Quarterly Data
    Period Ending FY2007 FY2006 FY2005 FY2004 FY2003
    Net Sales/Revenues 93.47 B 88.14 B 69.52 B 71.28 B 67.75 B
    Cost of Goods Sold (Excluding Depreciation) 37.55 B 34.97 B 24.20 B 23.17 B 21.68 B
    Depreciation, Depletion and Amortization 14.38 B 14.54 B 13.62 B 13.91 B 13.62 B
    Gross Income 41.54 B 38.63 B 31.70 B 34.20 B 32.45 B
    Selling, General & Admin Expenses 25.97 B 24.42 B 19.34 B 21.18 B 19.08 B
    Other Operating Expense 0.00 0.00 0.00 0.00 0.00
    Operating Expenses - Total 2.40 B 2.98 B 2.89 B 3.07 B 3.00 B
    Operating Income 15.58 B 14.21 B 12.36 B 13.03 B 13.37 B
    Extraordinary Credit - Pretax 0.00 0.00 0.00 1.03 B 0.00
    Extraordinary Charge - Pretax 0.00 841.00 M 325.00 M 168.00 M 6.08 B
    Non-operating Interest Income 168.00 M 201.00 M 103.00 M 116.00 M 96.00 M
    Reserves Inc (Dec) 0.00 0.00 0.00 0.00 0.00
    Pretax Equity in Earnings 0.00 0.00 0.00
    Other Income/Expenses - Net 43.00 M 194.00 M 752.00 M -39.00 M 668.00 M
    Earnings Before Interest & Taxes (EBIT) 15.79 B 13.77 B 12.89 B 13.97 B 8.06 B
    Interest Expenses On Debt 2.26 B 2.81 B 2.48 B 2.56 B 2.94 B
    Interest Capitalized 429.00 M 462.00 M 352.00 M 177.00 M 144.00 M
    Pretax Income 13.96 B 11.42 B 10.76 B 11.58 B 5.26 B
    Income Taxes 3.98 B 2.67 B 2.42 B 2.85 B 1.25 B
    Current Domestic Income Tax 3.11 B 2.78 B 3.43 B 640.00 M 354.00 M
    Current Foreign Income Tax 461.00 M 141.00 M 81.00 M 369.00 M 72.00 M
    Deferred Domestic Income Tax 349.00 M -199.00 M -1.03 B 1.82 B 818.00 M
    Deferred Foreign Income Tax 66.00 M -45.00 M -55.00 M 33.00 M 18.00 M
    Income Tax Credits
    Minority Interest 5.05 B 4.04 B 3.00 B 2.41 B 1.58 B
    Equity in Earnings 585.00 M 773.00 M 686.00 M 936.00 M 1.08 B
    After Tax Income Expense 0.00 0.00 0.00
    Discontinued Operations 0.00 -935.00 M 0.00
    Net Income Before Extra Items/Preferred Div 5.51 B 5.48 B 6.03 B 7.26 B 2.57 B
    Extra Items & Gain (Loss) Sale of Assets 11.00 M 717.00 M 1.37 B 570.00 M 503.00 M
    Net Income Before Preferred Dividends 5.52 B 6.20 B 7.40 B 7.83 B 3.08 B
    Preferred Dividend Requirements 0.00 0.00 0.00 0.00 0.00
    Net Income Available to Common 5.51 B 5.51 B 6.09 B 7.26 B 2.57 B