VERIZON COMMUNICATIONS

Verizon Communications is Multi-National Telecommunications Service Providing Company. Verizon Provides Wireless Network Coverage to 98% of USA. Provided 2.5 Square Miles Network coverage in USA and spent 126 Billion USD as Network Investment. Headquarters is in USA.

Verizon Communications annual revenue generated for period ending Dec-2021 was 133.61 million USD.

Split of Annual Revenue by business segment for period ending Dec-2021:

Service revenues and other: 110,449 million USD
Wireless equipment revenues: 23,164 million USD

Verizon Communications annual net income generated for period ending Dec-2021 was 22.06 million USD.

Total Assets as on Dec-2021 was 366,596 Million USD

Metrics

Verizon Consumer Group has 94 million wireless retail connections as on December-2020 and 7 million broadband connections and 4 million Fios video connections.

Verizon Business Group has 27 million wireless retail postpaid connections as on December-2020 and approximately 482 thousand broadband connections.

For Year ending December-2020, Verizon Consumer Group Revenue was 88.5 billion USD and Verizon Business Group Revenue was 31 Billion USD.

Annual Revenue

VERIZON COMMUNICATIONS Annual Revenues for December-2020 ending is 128.29 Billion USD

Annual Operating Income

28.79 Billion USD for Year ending December-2020

Annual Net Income

VERIZON COMMUNICATIONS Annual Net Income for December-2020 ending is 17.80 Billion USD

Total Current Assets

VERIZON COMMUNICATIONS Total Current Assets as on June-2020 is 37,333 Million USD

Total Assets

VERIZON COMMUNICATIONS Total Assets as on June-2020 is 293,259 Million USD

Total Current Liabilities

VERIZON COMMUNICATIONS Total Current Liabilities as on June-2020 is 38,886 Million USD

Total Liabilities

VERIZON COMMUNICATIONS Total Liabilities as on June-2020 is 229,146 Million USD

Total Equity

VERIZON COMMUNICATIONS Total Equity as on June-2020 is 62,697 Million USD

Annual Results Summary:

Verizon Communications Inc - Annual Revenue and Net Profit - in Billion USD:

Annual Results	Revenue	Operating Income	Net Income
Dec-2021	133.61	32.45	22.06
Dec-2020	128.29	28.79	17.80
Dec-2019	131.87	30.47	19.26
Dec-2018	130.86	26.86	15.52
Dec-2017	126.03	29.18	30.10
Dec-2016	125.98		13.13
Dec-2015	131.62		17.88

Balance Sheet Summary

Verizon Communications Inc - Balance Sheet Summary - in Million USD:

Year Ending:	Total Assets	Total Current Liabilities	Total Liabilities	Total Equity
Dec-2021	366,596	47,160	283,396	83,200
Dec-2020	316,481	39,660	228,892	69,272
Dec-2019	291,727	44,868	228,892	61,395
Dec-2018	264,829	37,930	210,119	53,145
Dec-2017	257,143	33,037	212,456	43,096
Dec-2016	244,180	30,340	220,148	22,524

Quarterly Results Summary:

Verizon Communications Inc - Quarterly Revenue and Net Profit - in Billion USD:

Quarter - Ending	Revenue	Net Profit
Sep-2022	34.24	4.90
Jun-2022	33.78	5.19
Mar-2022	33.55	4.58
Dec-2021	34.06	4.61
Sep-2021	32.91	6.41
Jun-2021	33.76	5.80
Mar-2021	32.86	5.24
Dec-2020	34.69	4.58
Sep-2020	31.54	4.35
Jun-2020	30.44	4.70
Mar-2020	31.61	4.15
Dec-2019	34.77	5.09
Sep-2019	32.89	5.19
Jun-2019	32.07	3.94
Mar-2019	32.13	5.03
Dec-2018	34.28	1.94
Sep-2018	32.61	4.92
Jun-2018	32.20	4.12

Institutional Investors

Top 30 Institution Investors in VERIZON COMMUNICATIONS as on JUN-30-2022

RANK	INSTITUTIONAL HOLDER NAME	DATE	SHARES HELD	CHANGE (SHARES)	CHANGE (%)	VALUE (IN 1,000S)
1	VANGUARD GROUP INC	6/30/2022	345,733,122	15,512,036	4.70%	$14,185,430
2	BLACKROCK INC.	6/30/2022	316,099,553	11,398,708	3.74%	$12,969,565
3	STATE STREET CORP	6/30/2022	163,729,827	-4,143,248	-2.47%	$6,717,835
4	GEODE CAPITAL MANAGEMENT, LLC	6/30/2022	77,788,479	2,567,166	3.41%	$3,191,661
5	BANK OF AMERICA CORP /DE/	6/30/2022	75,784,030	10,756,496	16.54%	$3,109,419
6	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	6/30/2022	63,777,570	3,995,448	6.68%	$2,616,794
7	MORGAN STANLEY	6/30/2022	61,046,974	16,446,817	36.88%	$2,504,757
8	JPMORGAN CHASE & CO	6/30/2022	53,991,522	14,780,464	37.70%	$2,215,272
9	NORTHERN TRUST CORP	6/30/2022	47,369,304	-222,837	-0.47%	$1,943,563
10	FMR LLC	6/30/2022	46,131,882	6,042,854	15.07%	$1,892,791
11	CAPITAL WORLD INVESTORS	6/30/2022	44,698,934	-5,180,209	-10.39%	$1,833,997
12	BANK OF NEW YORK MELLON CORP	6/30/2022	39,350,953	1,763,762	4.69%	$1,614,570
13	NORGES BANK	12/31/2021	36,276,315	-2,375,656	-6.15%	$1,488,417
14	DIMENSIONAL FUND ADVISORS LP	6/30/2022	32,681,915	-527,603	-1.59%	$1,340,939
15	LEGAL & GENERAL GROUP PLC	6/30/2022	31,576,105	923,696	3.01%	$1,295,568
16	WELLINGTON MANAGEMENT GROUP LLP	6/30/2022	30,976,360	-1,690,115	-5.17%	$1,270,960
17	INVESCO LTD.	6/30/2022	30,295,914	8,805,836	40.98%	$1,243,041
18	WELLS FARGO & COMPANY/MN	6/30/2022	28,030,035	-723,379	-2.52%	$1,150,072
19	AMERIPRISE FINANCIAL INC	6/30/2022	27,656,591	1,552,239	5.95%	$1,134,750
20	CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM	6/30/2022	27,506,005	-341,377	-1.23%	$1,128,571
21	ROYAL BANK OF CANADA	6/30/2022	26,933,923	1,895,989	7.57%	$1,105,099
22	CAPITAL RESEARCH GLOBAL INVESTORS	6/30/2022	26,395,963	13,005,978	97.13%	$1,083,026
23	UBS ASSET MANAGEMENT AMERICAS INC	6/30/2022	19,950,649	-162,987	-0.81%	$818,575
24	DEUTSCHE BANK AG\	6/30/2022	18,763,481	4,324,722	29.95%	$769,866
25	SWISS NATIONAL BANK	6/30/2022	18,209,501	277,200	1.55%	$747,136
26	FISHER ASSET MANAGEMENT, LLC	6/30/2022	17,336,618	549,117	3.27%	$711,321
27	FRANKLIN RESOURCES INC	6/30/2022	16,638,926	-13,291,252	-44.41%	$682,695
28	NUVEEN ASSET MANAGEMENT, LLC	6/30/2022	16,577,914	290,882	1.79%	$680,192
29	PARNASSUS INVESTMENTS, LLC	6/30/2022	16,495,313	2,713,653	19.69%	$676,803
30	RAYMOND JAMES & ASSOCIATES	6/30/2022	16,015,135	1,081,816	7.24%	$657,101

Comments

Verizon rollsout 5G services in United States

Verizon rollsout 5G services in United States. It provides high speed internet which enhances continuous video streaming and real time gaming capabilities.

Apple launch of iPhone 12 model which is having 5G support capabilities coincides with Verizon rollout of 5G services.

It is good for Apple and Verizon in terms of business and revenue growth.

Thu, 15/10/2020 - 06:21