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VERIZON COMMUNICATIONS INC (VZ) CashFlowFlag INCOME STATEMENT Fiscal year ends in December. USD in millions except per share data. 2013-12 2014-12 2015-12 2016-12 2017-12 TTM

VERIZON COMMUNICATIONS INC (VZ) CashFlowFlag INCOME STATEMENT
Fiscal year ends in December. USD in millions except per share data. 2013-12 2014-12 2015-12 2016-12 2017-12 TTM
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of revenue 37.24% 39.29% 39.93% 40.82% 40.91% 41.57%
Gross profit 62.76% 60.71% 60.07% 59.18% 59.09% 58.43%
Operating expenses
Sales, General and administrative 22.47% 32.28% 22.78% 25.06% 22.48% 22.90%
Other operating expenses 13.78% 13.01% 12.17% 12.64% 13.45% 13.41%
Total operating expenses 36.25% 45.29% 34.95% 37.70% 35.93% 36.31%
Operating income 26.52% 15.42% 25.12% 21.48% 23.16% 22.11%
Interest Expense 2.21% 3.87% 3.74% 3.47% 3.76% 3.72%
Other income (expense) -0.02% 0.46% 0.08% -1.35% -3.06% -2.16%
Income before taxes 24.29% 12.02% 21.46% 16.66% 16.34% 16.23%
Provision for income taxes 4.75% 2.61% 7.50% 5.86% -7.90% -8.86%
Net income from continuing operations 19.53% 9.41% 13.96% 10.80% 24.24% 25.09%
Other -10.00% -1.83% -0.38% -0.38% -0.36% -0.38%
Net income 9.54% 7.57% 13.58% 10.42% 23.88% 24.71%
Net income available to common shareholders 9.54% 7.57% 13.58% 10.42% 23.88% 24.71%
Earnings per share
Basic 4.01 2.42 4.38 3.22 7.37 7.86
Diluted 4 2.42 4.37 3.21 7.36 7.85
Weighted average shares outstanding
Basic 2866 3974 4085 4080 4084 4116
Diluted 2874 3981 4093 4086 4089 4120
EBITDA 40.27% 28.89% 37.36% 32.78% 33.55% 33.36%

Find ROE, Net Profit Margin, asset turnover, financial leverage for the last three years. How has Verizon's ROE changed over the last three years? What was the main factor that influenced this change?

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