What is the net income for the current fiscal year? Is it up or down from the prior year? Why would this information be important to investors?
9,625,000 is the net income as of Dec 31, 2014. 11,497,000 is the net income as of Dec 31, 2013. The income has decreased. This information is important to investors so they are able to see how the company is performing year to year and can make an informed decision on where to place their money.
What is the ending balance in stockholders’ equity? Why would a labor union potentially be interested in this information?
12,298,000 is the ending balance. A labor union would want this information in order to determine their negotiation position in salary or benefit discussions with a company.
What is the total value of assets? Why would this information be important to a potential creditor?
232,708,000. This information is important when making a credit decision because it indicates how much ability the company has to make good on their payments even if the company is not profitable. If there are sufficients assets, the bank can sell these assets to satisfy the loan.
What is the total cash flow from operation?
30,631,000
What financial statement user would find this information most important?
This information would be very helpful for a potential investor in order to help them make the decision to invest their money. Risk and profitability can be assessed based on how much cash flow has fluctuated.
Verizon Communications Inc. (VZ)
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Income Statement
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View: Annual Data | Quarterly Data
All numbers in thousands
Period Ending
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Total Revenue
127,079,000
120,550,000
115,846,000
Cost of Revenue
49,931,000
44,887,000
46,275,000
Gross Profit
77,148,000
75,663,000
69,571,000
Operating Expenses
Research Development
-
-
-
Selling General and Administrative
41,016,000
27,089,000
39,951,000
Non Recurring
-
-
-
Others
16,533,000
16,606,000
16,460,000
Total Operating Expenses
-
-
-
Operating Income or Loss
19,599,000
31,968,000
13,160,000
Income from Continuing Operations
Total Other Income/Expenses Net
(1,194,000)
(166,000)
(1,016,000)
Earnings Before Interest And Taxes
20,185,000
31,944,000
12,468,000
