VERIZON COMMUNICATIONS INC

For the period ended Mar 31, 2024. Filed Apr 25, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed Apr 25, 2024

VZ$46.31+0.5%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income

Verizon Communications Inc. and Subsidiaries

	Three Months Ended
	March 31,
(dollars in millions, except per share amounts) (unaudited)	2024	2023
Operating Revenues
Service revenues and other	$27,620	$27,152
Wireless equipment revenues	5,361	5,760
Total Operating Revenues	32,981	32,912
Operating Expenses
Cost of services (exclusive of items shown below)	6,967	7,078
Cost of wireless equipment	5,905	6,426
Selling, general and administrative expense	8,143	7,506
Depreciation and amortization expense	4,445	4,318
Total Operating Expenses	25,460	25,328
Operating Income	7,521	7,584
Equity in earnings (losses) of unconsolidated businesses	(9)	9
Other income, net	198	114
Interest expense	(1,635)	(1,207)
Income Before Provision For Income Taxes	6,075	6,500
Provision for income taxes	(1,353)	(1,482)
Net Income	$4,722	$5,018
Net income attributable to noncontrolling interests	$120	$109
Net income attributable to Verizon	4,602	4,909
Net Income	$4,722	$5,018
Basic Earnings Per Common Share
Net income attributable to Verizon	$1.09	$1.17
Weighted-average shares outstanding (in millions)	4,215	4,207
Diluted Earnings Per Common Share
Net income attributable to Verizon	$1.09	$1.17
Weighted-average shares outstanding (in millions)	4,219	4,211

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.