Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on the information given, calculate the 15 items/ratios in the chart below. thanks Consolidated Statements of Income - USD ($) shares in Millions, $

Based on the information given, calculate the 15 items/ratios in the chart below. thanks

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions 12 Months Ended Consolidated Balance Sheets - USD ($) $ in Millions Dec. 31, 2022 Dec. 31, 2021 Consolidated Statements of Cash Flows - USD ($) $ in Millions 12 Months Ended
Dec. 31, 2022 Dec. 31, 2021 Dec. 31, 2020 Current assets Dec. 31, 2022 Dec. 31, 2021 Dec. 31, 2020
Operating Revenues Cash and cash equivalents $ 2,605 $ 2,921 Cash Flows from Operating Activities
Operating Revenues $ 136,835 $ 133,613 $ 128,292 Accounts receivable 25,332 24,742 Net Income $ 21,748 $ 22,618 $ 18,348
Operating Expenses Less Allowance for credit losses 826 896 Adjustments to reconcile net income to net cash provided by operating activities:
Selling, general and administrative expense 30,136 28,658 31,573 Accounts receivable, net 24,506 23,846 Depreciation and amortization expense 17,099 16,206 16,720
Depreciation and amortization expense 17,099 16,206 16,720 Inventories 2,388 3,055 Employee retirement benefits (2,046) (3,391) 840
Total Operating Expenses 106,368 101,165 99,494 Prepaid expenses and other 8,358 6,906 Deferred income taxes 2,973 4,264 1,553
Operating Income 30,467 32,448 28,798 Total current assets 37,857 36,728 Provision for expected credit losses 1,611 789 1,380
Equity in earnings (losses) of unconsolidated businesses 44 145 (45) Property, plant and equipment 307,689 289,897 Equity in losses (earnings) of unconsolidated businesses, net of dividends received (10) 36 91
Other income (expense), net 1,373 312 (539) Less Accumulated depreciation 200,255 190,201 Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses:
Interest expense (3,613) (3,485) (4,247) Property, plant and equipment, net 107,434 99,696 Accounts receivable (1,978) (1,592) 189
Income Before Provision For Income Taxes 28,271 29,420 23,967 Investments in unconsolidated businesses 1,071 1,061 Inventories 627 (905) (369)
Provision for income taxes (6,523) (6,802) (5,619) Wireless licenses 149,796 147,619 Prepaid expenses and other 928 150 1,202
Net Income 21,748 22,618 18,348 Goodwill 28,671 28,603 Accounts payable and accrued liabilities and Other current liabilities (33) 1,457 (966)
Net income attributable to noncontrolling interests 492 553 547 Other intangible assets, net 11,461 11,677 Other, net (3,778) (93) 2,780
Net income attributable to Verizon 21,256 22,065 17,801 Operating lease right-of-use assets 26,130 27,883 Net cash provided by operating activities 37,141 39,539 41,768
Net Income $ 21,748 $ 22,618 $ 18,348 Other assets 17,260 13,329 Cash Flows from Investing Activities
Basic Earnings Per Common Share Total assets 379,680 366,596 Capital expenditures (including capitalized software) (23,087) (20,286) (18,192)
Net income attributable to Verizon (in USD per share) $ 5.06 $ 5.32 $ 4.30 Current liabilities Cash received (paid) related to acquisitions of businesses, net of cash acquired 248 (4,065) (520)
Weighted-average shares outstanding (in shares) 4,202 4,148 4,140 Debt maturing within one year 9,963 7,443 Acquisitions of wireless licenses (3,653) (47,596) (3,896)
Diluted Earnings Per Common Share Accounts payable and accrued liabilities 23,977 24,833 Collateral payments related to derivative contracts, net of repayments (2,265) (21) 0
Net income attributable to Verizon (in USD per share) $ 5.06 $ 5.32 $ 4.30 Current operating lease liabilities 4,134 3,859 Proceeds from disposition of business 33 4,122 0
Weighted-average shares outstanding (in shares) 4,204 4,150 4,142 Other current liabilities 12,097 11,025 Other, net 62 693 (904)
Service revenues and other Total current liabilities 50,171 47,160 Net cash used in investing activities (28,662) (67,153) (23,512)
Operating Revenues Long-term debt 140,676 143,425 Cash Flows from Financing Activities
Operating Revenues $ 109,625 $ 110,449 $ 109,872 Employee benefit obligations 12,974 15,410 Proceeds from long-term borrowings 7,074 33,034 25,822
Wireless equipment Deferred income taxes 43,441 40,685 Proceeds from asset-backed long-term borrowings 10,732 8,383 5,635
Operating Revenues Non-current operating lease liabilities 21,558 23,203 Net proceeds from (repayments of) short-term commercial paper 106 0 (9)
Operating Revenues 27,210 23,164 18,420 Other liabilities 18,397 13,513 Repayments of long-term borrowings and finance lease obligations (8,616) (14,063) (9,775)
Operating Expenses Total long-term liabilities 237,046 236,236 Repayments of asset-backed long-term borrowings (4,948) (4,800) (7,413)
Cost of services and equipment 30,496 25,067 19,800 Commitments and Contingencies Dividends paid (10,805) (10,445) (10,232)
Service Equity Other, net (2,072) (3,832) (2,703)
Operating Expenses Series preferred stock ($0.10 par value; 250,000,000 shares authorized; none issued) 0 0 Net cash provided by (used in) financing activities (8,529) 8,277 1,325
Cost of services and equipment $ 28,637 $ 31,234 $ 31,401 Common stock ($0.10 par value; 6,250,000,000 shares authorized in each period; 4,291,433,646 shares issued in each period) 429 429 Increase (decrease) in cash, cash equivalents and restricted cash (50) (19,337) 19,581
Additional paid in capital 13,420 13,861 Cash, cash equivalents and restricted cash, beginning of period 4,161 23,498 3,917
Retained earnings 82,380 71,993 Cash, cash equivalents and restricted cash, end of period $ 4,111 $ 4,161 $ 23,498
Accumulated other comprehensive loss (1,865) (927)
Common stock in treasury, at cost (91,572,258 and 93,634,725 shares outstanding) (4,013) (4,104)
Deferred compensation employee stock ownership plans (ESOPs) and other 793 538
Noncontrolling interests 1,319 1,410
Total equity 92,463 83,200
Total liabilities and equity $ 379,680 $ 366,596
Working Capital
Current Assets
Current Liabilities
Current Ratio
Debt to Asset Ratio
Return on Equity
Return on Assets
Inventory Turnover
Days in Inventory
Accounts Receivable Turnover
Times Interest Earned
Free Cash Flow
Gross Profit Rate
Profit Margin
Asset Turnover

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Excel For Auditors

Authors: Bill Jelen, Dwayne K. Dowell

1st Edition

1932802169, 978-1932802160

More Books

Students also viewed these Accounting questions

Question

How will these issues affect the grade levels you will teach?

Answered: 1 week ago