Last €36.77 EUR
Change Today +0.56 / 1.56%
Volume 5.5K
BAC On Other Exchanges
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As of 12:22 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

Financial Statements for verizon communications inc (BAC)

Year over year, Verizon Communications Inc. has been able to grow revenues from $115.8B USD to $120.6B USD. Most impressively, the company has been able to reduce the percentage of sales devoted to selling, general and administrative costs from 33.81% to 22.47%. This was a driver that led to a bottom line growth from $875.0M USD to $11.5B USD.
Currency in
Millions of US Dollars
As of:Dec 31
2010
Dec 31
2011
Dec 31
2012
Dec 31
2013
4 Year
Trend
Revenues106,565.0110,875.0115,846.0120,550.0
TOTAL REVENUES106,565.0110,875.0115,846.0120,550.0
Cost of Goods Sold43,731.045,875.046,275.044,887.0
GROSS PROFIT62,834.065,000.069,571.075,663.0
Selling General & Admin Expenses, Total30,612.035,624.039,167.027,089.0
Depreciation & Amortization, Total16,303.016,496.016,460.016,606.0
OTHER OPERATING EXPENSES, TOTAL46,915.052,120.055,627.043,695.0
OPERATING INCOME15,919.012,880.013,944.031,968.0
Interest Expense-2,523.0-2,827.0-2,571.0-2,667.0
Interest and Investment Income92.068.057.064.0
NET INTEREST EXPENSE-2,431.0-2,759.0-2,514.0-2,603.0
Income (Loss) on Equity Investments508.0444.0324.0142.0
Currency Exchange Gains (Loss)5.0------
Other Non-Operating Income (Expenses)-43.018.027.0-13.0
EBT, EXCLUDING UNUSUAL ITEMS13,958.010,583.011,781.029,494.0
Merger & Restructuring Charges-867.0------
Gain (Loss) on Sale of Investments-------17.0
Other Unusual Items, Total-407.0-100.0-1,884.0-200.0
Legal Settlements-----384.0--
Other Unusual Items-407.0-100.0-1,500.0-200.0
EBT, INCLUDING UNUSUAL ITEMS12,684.010,483.09,897.029,277.0
Income Tax Expense2,467.0285.0-660.05,730.0
Minority Interest in Earnings-7,668.0-7,794.0-9,682.0-12,050.0
Earnings from Continuing Operations10,217.010,198.010,557.023,547.0
NET INCOME2,549.02,404.0875.011,497.0
NET INCOME TO COMMON INCLUDING EXTRA ITEMS2,549.02,404.0875.011,497.0
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS2,549.02,404.0875.011,497.0
 

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Industry Analysis

BAC

Industry Average

Valuation BAC Industry Range
Price/Earnings 11.2x
Price/Sales 1.4x
Price/Book 16.4x
Price/Cash Flow 6.9x
TEV/Sales 0.8x
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