Verizon Income Statement Years Ended Dec 31 2020 2019 2018 Operating Revenues Service Revenue $ 109,872 $ 110,305 $ 108,605 Wire equipment revenue $ 18,420 $ 21,563 $ 22,258 Total Net Revenue $ es 128,292 $ 131,868 $ 130,863 Cost of Revenues Cost of Services Cost of Equipment Total Cost of Rvenue Gross Margin Operating Expenses Selling, general, and admin Depreciation & Amortization Media goodwill impairment $ 31,401 $ 31,772 $ 32,185 $ 19,800 $ 22,954 $ 23,323 $ 51,201 $ 54,726 $ 55,508 $ 77,091 $ 77,142 $ 75,355 es is $ 31,573 $ 29,896 $ 31,083 $ 16,720 $ 16,682 $ 17,403 $ $ 186 $ 4,591 Total Operating Expenses $ es 48,293 $ 46,764 $ 53,077 Operating Income $ 28,798 $ 30,378 $ 22,278 Equity in Losses of unconsolidated business $ (45) $ (15) $ (186) Other Income (expense) $ (539) $ (2,900) $ 2,364 Interest Expense $ (4,247) $ (4,730) $ (4,833) Income before Taxes $ 23,967 $ 22,733 $ 19,623 Provision for Taxes Net Income $ (5,619) $ (2,945) $ (3,584) es $ 18,348 $ 19,788 $ 16,039