Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started