Chat with us, powered by LiveChat Provide a brief overview of the company you selected, including a description of its business operations. State the curre - School Writers

Provide a brief overview of the company you selected, including a description of its business operations. State the curre

 Write: For this assignment, address the following seven parts in a Word document:Part 1: Overview of the company (one paragraph)

  • State the name of the company (VERIZON is the company)
  • Provide a brief overview of the company you selected, including a description of its business operations.
  • State the current market price per share.

Part 2: Income statements (one to two paragraphs)

  • Summarize key trends in revenues, operating income, and net income over the last 3 years.

Part 3: Common size income statements (one paragraph)

  • Evaluate the trends in gross margin, operating income margin, and net profit margin over the past 3 years.

Part 4: Balance sheets (one to two paragraphs)

  • Summarize key trends in total assets, total current assets, total current liabilities, long-term debt, and total shareholders’ equity over the past 3 years.

Part 5: Common size balance sheets (one paragraph)

  • Evaluate the trends in total current assets as a percent (%) of total assets, total current liabilities as a percent (%) of total assets, long-term debt as percent (%) of total assets, and total shareholders’ equity as a percent (%) of total assets over the past 3 years.

Part 6: Cash flow (one paragraph)

  • Calculate simple cash flow for the past 3 years.
    • Show your calculations.
  • Summarize the trend in simple cash flow for the past 3 years.
  • Compare the simple cash flow to the net operating cash flow from the statement of cash flows for the past 3 years.

Part 7: Financial analysis conclusion: (one paragraph)

  • Determine the strengths and weaknesses of the company based primarily on the trends in items discussed from the income statements, balance sheets, common size income statements, and common size balance sheets, as well as the comments on cash flow.
  • Create a table that indicates whether each financial fact is a strength or a weakness.
  • Determine the overall financial strength of the company based on the financial facts included as strengths or weaknesses.
    • Categorize the overall financial performance of the company as strong, neutral, or weak.
    • Justify your conclusion based on the table you created.
  • The Section 1: Financial Statement Analysis  
    • Must be two to three double-spaced pages in length including any tables or calculations (but not including title and references pages) and formatted according to APA Style (Links to an external site.) as outlined in the Writing Center’s APA Formatting for Microsoft Word (Links to an external site.)
    • Must include a separate title page with the following:
      • Title of paper in bold font
        • Space should be between title and the rest of the information on the title page.
      • Student’s name
      • Name of institution (The University of Arizona Global Campus)
      • Course name and number
      • Instructor’s name
      • Due date
      • resource : 
      • https://www-mergentonline-com.proxy-library.ashford.edu/companydetail.php?compnumber=36979&pagetype=synopsis

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Verizon Communications Inc (NYS: VZ)
General Company Information
Principal Office Website
1095 Avenue of the Americas New York, NY 10036 USA www.verizon.com
Phone Primary NAICS
212 395-1000 551112 : Offices of Other Holding Companies
Auditor Closing Stock Price
Ernst & Young LLP 51.24 (as of 11/18/2021)
Number of Employees Incorporated
132,200 (Approximate Full-Time as of 12/31/2020) October 1983 , DE, United States
Country Mergent Dividend Achiever
United States No
Exchange and Ticker Number of Shareholders
NYS : VZ 510,654 (record) (as of 12/31/2020)
Primary SIC
4813 : Telephone communications, exc. radio
Business Summary
Verizon Communications is a holding company. Through its subsidiaries, Co. provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Co. has two reportable segments: Verizon Consumer
Group, which provides consumer-focused wireless and wireline communications services and products under the Verizon brand and through wholesale and other arrangements; and Verizon Business Group, which provides wireless and wireline communications
services and products, including data, video and data conferencing services, security and managed network services, local and long distance voice services and network access.
Company Financials
Income Statement
Exchange rate used is that of the Year End reported date
As Reported Annual Income Statement
Report Date 12/31/2020 12/31/2019 12/31/2018
Currency USD USD USD
Audit Status Not Qualified Not Qualified Not Qualified
Consolidated Yes Yes Yes
Scale Thousands Thousands Thousands
Service revenues & other revenues $ 109,872,000 $ 110,305,000 $ 108,605,000
Wireless equipment revenues $ 18,420,000 $ 21,563,000 $ 22,258,000
Total operating revenues $ 128,292,000 $ 131,868,000 $ 130,863,000
Cost of services (exclusive of items shown below) $ 31,401,000 $ 31,772,000 $ 32,185,000
Wireless cost of equipment $ 19,800,000 $ 22,954,000 $ 23,323,000
Selling, general & administrative expense $ 31,573,000 $ 29,896,000 $ 31,083,000
Depreciation & amortization expense $ 16,720,000 $ 16,682,000 $ 17,403,000
Oath goodwill impairment $ 186,000 $ 4,591,000
Total operating expenses $ 99,494,000 $ 101,490,000 $ 108,585,000
Operating income $ 28,798,000 $ 30,378,000 $ 22,278,000
Equity in earnings (losses) of unconsolidated businesses $ (45,000) $ (15,000) $ (186,000)
Interest income $ 65,000 $ 121,000 $ 94,000
Other components of net periodic benefit income (cost) $ (425,000) $ 627,000 $ 3,068,000
Early debt extinguishment costs $ (129,000) $ (3,604,000)
Other income (expense), net $ (50,000) $ (44,000) $ (798,000)
Other income & (expense), net $ (539,000) $ (2,900,000) $ 2,364,000
Interest expense $ 4,247,000 $ 4,730,000 $ 4,833,000
Income (loss) before provision (benefit) for income taxes – domestic $ 22,844,000 $ 21,655,000 $ 19,801,000
Income (loss) before provision (benefit) for income taxes – foreign $ 1,123,000 $ 1,078,000 $ (178,000)
Income (loss) before provision (benefit) for income taxes $ 23,967,000 $ 22,733,000 $ 19,623,000
Current federal provision (benefit) for income taxes $ 2,826,000 $ 518,000 $ 2,187,000
Current foreign provision (benefit) for income taxes $ 159,000 $ 221,000 $ 267,000
Current state & local provision (benefit) for income taxes $ 1,081,000 $ 974,000 $ 741,000
Total current provision (benefit) for income taxes $ 4,066,000 $ 1,713,000 $ 3,195,000
Deferred federal provision (benefit) for income taxes $ 1,432,000 $ 1,150,000 $ 175,000
Deferred foreign provision (benefit) for income taxes $ 1,000 $ (13,000) $ 30,000
Deferred state & local provision (benefit) for income taxes $ 120,000 $ 95,000 $ 184,000
Total deferred provision (benefit) for income taxes $ 1,553,000 $ 1,232,000 $ 389,000
Provision (benefit) for income taxes $ 5,619,000 $ 2,945,000 $ 3,584,000
Net income (loss) $ 18,348,000 $ 19,788,000 $ 16,039,000
Net income attributable to noncontrolling interests $ (547,000) $ (523,000) $ (511,000)
Net income (loss) attributable to Verizon Communications Inc. $ 17,801,000 $ 19,265,000 $ 15,528,000
Weighted average shares outstanding – basic 4,140,000 4,138,000 4,128,000
Weighted average shares outstanding – diluted 4,142,000 4,140,000 4,132,000
Year end shares outstanding 4,138,130 4,135,828 4,132,033
Net earnings (loss) per common share – basic $ 4.30 $ 4.66 $ 3.76
Net earnings (loss) per common share – diluted $ 4.30 $ 4.65 $ 3.76
Dividends declared $ 2.49 $ 2.44 $ 2.39
Total number of employees 132200 135000 144500
Total number of stockholders 510654 605414 630756
Foreign currency translation adjustments 180000 16000 -117000
Balance Sheet
Exchange rate used is that of the Year End reported date
As Reported Annual Balance Sheet
Report Date 12/31/2020 12/31/2019 12/31/2018
Currency USD USD USD
Audit Status Not Qualified Not Qualified Not Qualified
Consolidated Yes Yes Yes
Scale Thousands Thousands Thousands
Cash & cash equivalents $ 22,171,000 $ 2,594,000 $ 2,745,000
Accounts receivable, gross $ 26,162,000 $ 25,867,000
Less: allowances – accounts receivable $ 733,000 $ 765,000
Accounts receivable $ 25,169,000
Less allowance for credit losses $ 1,252,000
Accounts receivable, net $ 23,917,000 $ 25,429,000 $ 25,102,000
Inventories $ 1,796,000 $ 1,422,000 $ 1,336,000
Prepaid taxes $ 1,200,000
Deferred contract costs $ 2,472,000
Restricted cash $ 1,195,000
Other prepaid expenses & other current assets $ 1,843,000
Prepaid expenses & other current assets $ 6,710,000 $ 8,028,000 $ 5,453,000
Total current assets $ 54,594,000 $ 37,473,000 $ 34,636,000
Land $ 608,000 $ 594,000 $ 807,000
Buildings & equipment $ 32,933,000 $ 31,216,000 $ 30,468,000
Central office & other network equipment $ 160,369,000 $ 152,733,000 $ 147,250,000
Cable, poles & conduit $ 56,814,000 $ 52,658,000 $ 49,859,000
Leasehold improvements $ 9,497,000 $ 9,072,000 $ 8,580,000
Work in progress $ 8,576,000 $ 9,234,000 $ 6,362,000
Furniture, vehicles & other plant, property & equipment $ 10,940,000 $ 10,227,000 $ 9,509,000
Property, plant & equipment $ 279,737,000 $ 265,734,000 $ 252,835,000
Less accumulated depreciation $ 184,904,000 $ 173,819,000 $ 163,549,000
Property, plant & equipment, net $ 94,833,000 $ 91,915,000 $ 89,286,000
Investments in unconsolidated businesses $ 589,000 $ 558,000 $ 671,000
Wireless licenses $ 96,097,000 $ 95,059,000 $ 94,130,000
Goodwill $ 24,773,000 $ 24,389,000 $ 24,614,000
Other intangible assets, net $ 9,413,000 $ 9,498,000 $ 9,775,000
Operating lease right-of-use assets $ 22,531,000 $ 22,694,000
Other assets $ 13,651,000 $ 10,141,000 $ 11,717,000
Total assets $ 316,481,000 $ 291,727,000 $ 264,829,000
Debt maturing within one year $ 5,889,000 $ 10,777,000 $ 7,190,000
Accounts payable $ 6,667,000 $ 7,725,000 $ 7,232,000
Accrued expenses $ 6,050,000 $ 5,984,000 $ 5,948,000
Accrued vacation, salaries & wages $ 5,057,000 $ 4,885,000 $ 6,268,000
Interest payable $ 1,452,000 $ 1,441,000 $ 1,570,000
Taxes payable $ 1,432,000 $ 1,771,000 $ 1,483,000
Accounts payable & accrued liabilities $ 20,658,000 $ 21,806,000 $ 22,501,000
Current operating lease liabilities $ 3,485,000 $ 3,261,000
Dividends payable $ 2,618,000 $ 2,566,000 $ 2,512,000
Contract liability $ 4,843,000 $ 4,651,000 $ 4,207,000
Other current liabilities $ 2,167,000 $ 1,807,000 $ 1,520,000
Other current liabilities $ 9,628,000 $ 9,024,000 $ 8,239,000
Total current liabilities $ 39,660,000 $ 44,868,000 $ 37,930,000
Notes payable & other long-term debt $ 107,272,000
Verizon Communications $ 122,236,000 $ 101,699,000
Alltel Corporation $ 96,000 $ 96,000
Assumed notes $ 234,000
Debentures $ 766,000 $ 766,000 $ 796,000
Notes payable, debentures & other long-term debt $ 444,000
GTE LLC $ 391,000 $ 391,000
Asset-backed debt $ 10,630,000 $ 12,393,000 $ 10,101,000
Finance lease obligations $ 1,284,000 $ 1,116,000 $ 905,000
Unamortized discount, net of premium $ (6,057,000) $ (4,480,000) $ (6,298,000)
Unamortized debt issuance costs $ (604,000) $ (492,000) $ (541,000)
Long-term debt, including current maturities $ 128,742,000 $ 111,489,000 $ 112,913,000
Less: long-term debt maturing within one year $ 5,569,000 $ 10,777,000 $ 7,040,000
Long-term debt $ 123,173,000 $ 100,712,000 $ 105,873,000
Employee benefit obligations $ 18,657,000 $ 17,952,000 $ 18,599,000
Deferred income taxes $ 35,711,000 $ 34,703,000 $ 33,795,000
Non-current operating lease liabilities $ 18,000,000 $ 18,393,000
Other liabilities $ 12,008,000 $ 12,264,000 $ 13,922,000
Total long-term liabilities $ 207,549,000 $ 184,024,000 $ 172,189,000
Common stock $ 429,000 $ 429,000 $ 429,000
Additional paid in capital $ 13,404,000 $ 13,419,000 $ 13,437,000
Retained earnings (accumulated deficit) $ 60,464,000 $ 53,147,000 $ 43,542,000
Foreign currency translation adjustments $ (404,000) $ (584,000) $ (600,000)
Unrealized gain (loss) on cash flow hedges $ (1,387,000) $ (816,000) $ (80,000)
Unrealized gain (loss) on marketable securities $ 25,000 $ 27,000 $ 20,000
Defined benefit pension & postretirement plans $ 1,695,000 $ 2,371,000 $ 3,030,000
Accumulated other comprehensive income (loss) $ (71,000) $ 998,000 $ 2,370,000
Common stock in treasury $ 6,719,000 $ 6,820,000 $ 6,986,000
Deferred compensation – employee stock ownership plans & other $ (335,000) $ (222,000) $ (353,000)
Noncontrolling interests $ 1,430,000 $ 1,440,000 $ 1,565,000
Total equity $ 69,272,000 $ 62,835,000 $ 54,710,000
Cash Flows
Exchange rate used is that of the Year End reported date
As Reported Annual Cash Flow
Report Date 12/31/2020 12/31/2019 12/31/2018
Currency USD USD USD
Audit Status Not Qualified Not Qualified Not Qualified
Consolidated Yes Yes Yes
Scale Thousands Thousands Thousands
Net income (loss) $ 18,348,000 $ 19,788,000 $ 16,039,000
Depreciation & amortization expense $ 16,720,000 $ 16,682,000 $ 17,403,000
Employee retirement benefits $ 840,000 $ (284,000) $ (2,657,000)
Deferred income taxes $ 1,553,000 $ 1,232,000 $ 389,000
Provision for uncollectible accounts $ 1,588,000 $ 980,000
Provision for expected credit losses $ 1,380,000
Equity in losses (earnings) of unconsolidated businesses, net of dividends received $ 91,000 $ 74,000 $ 231,000
Oath goodwill impairment $ 186,000 $ 4,591,000
Accounts receivable $ 189,000 $ (1,471,000) $ (2,667,000)
Inventories $ (369,000) $ (76,000) $ (324,000)
Prepaid expenses & other assets $ 1,202,000 $ (2,807,000) $ 37,000
Accounts payable & accrued liabilities & other current liabilities $ (966,000) $ (2,359,000) $ 1,777,000
Discretionary employee benefits contributions $ (300,000) $ (1,679,000)
Net loss (gain) on sale of divested businesses $ 94,000
Other operating activities, net $ 2,780,000 $ 3,399,000 $ 219,000
Net cash flows from operating activities $ 41,768,000 $ 35,746,000 $ 34,339,000
Capital expenditures (including capitalized software) $ (18,192,000) $ (17,939,000) $ (16,658,000)
Acquisitions of investments & businesses, net of cash acquired $ (29,000) $ (230,000)
Acquisitions of businesses, net of cash acquired $ (520,000)
Acquisitions of wireless licenses $ (2,126,000) $ (898,000) $ (1,429,000)
Proceeds from disposition of businesses $ 28,000
Other investing activities, net $ (2,674,000) $ 1,257,000 $ 383,000
Net cash flows from investing activities $ (23,512,000) $ (17,581,000) $ (17,934,000)
Proceeds from long-term borrowings $ 25,822,000 $ 10,079,000 $ 5,967,000
Proceeds from asset-backed long-term borrowings $ 5,635,000 $ 8,576,000 $ 4,810,000
Repayments of long-term borrowings & capital lease obligations $ (17,584,000) $ (10,923,000)
Repayments of long term borrowings & finance lease obligations $ (9,775,000)
Repayments of asset-backed long-term borrowings $ (7,413,000) $ (6,302,000) $ (3,635,000)
Dividends paid $ (10,232,000) $ (10,016,000) $ (9,772,000)
Other financing activities, net $ (2,712,000) $ (2,917,000) $ (1,824,000)
Net cash flows from financing activities $ 1,325,000 $ (18,164,000) $ (15,377,000)
Increase (decrease) in cash, cash equivalents & restricted cash $ 19,581,000 $ 1,000 $ 1,028,000
Cash, cash equivalents & restricted cash, beginning of period $ 3,917,000 $ 3,916,000 $ 2,888,000
Cash, cash equivalents & restricted cash, end of period $ 23,498,000 $ 3,917,000 $ 3,916,000
Cash paid for income taxes, net of amounts refunded $ 2,725,000 $ 3,583,000 $ 2,213,000
Cash paid for interest, net of amounts capitalized $ 4,420,000 $ 4,714,000 $ 4,408,000

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Verizon Communications Inc (NYS: VZ)
General Company Information
Principal Office Website
1095 Avenue of the Americas New York, NY 10036 USA www.verizon.com
Phone Primary NAICS
212 395-1000 551112 : Offices of Other Holding Companies
Auditor Closing Stock Price
Ernst & Young LLP 51.24 (as of 11/18/2021)
Number of Employees Incorporated
132,200 (Approximate Full-Time as of 12/31/2020) October 1983 , DE, United States
Country Mergent Dividend Achiever
United States No
Exchange and Ticker Number of Shareholders
NYS : VZ 510,654 (record) (as of 12/31/2020)
Primary SIC
4813 : Telephone communications, exc. radio
Business Summary
Verizon Communications is a holding company. Through its subsidiaries, Co. provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Co. has two reportable segments: Verizon Consumer
Group, which provides consumer-focused wireless and wireline communications services and products under the Verizon brand and through wholesale and other arrangements; and Verizon Business Group, which provides wireless and wireline communications
services and products, including data, video and data conferencing services, security and managed network services, local and long distance voice services and network access.
Company Financials
Income Statement
Exchange rate used is that of the Year End reported date
As Reported Annual Income Statement
Report Date 12/31/2020 12/31/2019 12/31/2018 12/31/2020 12/31/2019 12/31/2018
Currency USD USD USD USD USD USD
Audit Status Not Qualified Not Qualified Not Qualified Not Qualified Not Qualified Not Qualified
Consolidated Yes Yes Yes Yes Yes Yes
Scale Thousands Thousands Thousands Thousands Thousands Thousands
Service revenues & other revenues $ 109,872,000 $ 110,305,000 $ 108,605,000 100.00% 100.00% 100.00%
Wireless equipment revenues $ 18,420,000 $ 21,563,000 $ 22,258,000 16.76% 19.55% 20.49%
Total operating revenues $ 128,292,000 $ 131,868,000 $ 130,863,000 116.76% 119.55% 120.49%
Cost of services (exclusive of items shown below) $ 31,401,000 $ 31,772,000 $ 32,185,000 28.58% 28.80% 29.63%
Wireless cost of equipment $ 19,800,000 $ 22,954,000 $ 23,323,000 18.02% 20.81% 21.48%
Selling, general & administrative expense $ 31,573,000 $ 29,896,000 $ 31,083,000 28.74% 27.10% 28.62%
Depreciation & amortization expense $ 16,720,000 $ 16,682,000 $ 17,403,000 15.22% 15.12% 16.02%
Oath goodwill impairment $ 186,000 $ 4,591,000 NM 0.17% 4.23%
Total operating expenses $ 99,494,000 $ 101,490,000 $ 108,585,000 90.55% 92.01% 99.98%
Operating income $ 28,798,000 $ 30,378,000 $ 22,278,000 26.21% 27.54% 20.51%
Equity in earnings (losses) of unconsolidated businesses $ (45,000) $ (15,000) $ (186,000) -0.04% -0.01% -0.17%
Interest income $ 65,000 $ 121,000 $ 94,000 0.06% 0.11% 0.09%
Other components of net periodic benefit income (cost) $ (425,000) $ 627,000 $ 3,068,000 -0.39% 0.57% 2.82%
Early debt extinguishment costs $ (129,000) $ (3,604,000) -0.12% -3.27% nm
Other income (expense), net $ (50,000) $ (44,000) $ (798,000) -0.05% -0.04% -0.73%
Other income & (expense), net $ (539,000) $ (2,900,000) $ 2,364,000 -0.49% -2.63% 2.18%
Interest expense $ 4,247,000 $ 4,730,000 $ 4,833,000 3.87% 4.29% 4.45%
Income (loss) before provision (benefit) for income taxes – domestic $ 22,844,000 $ 21,655,000 $ 19,801,000 20.79% 19.63% 18.23%
Income (loss) before provision (benefit) for income taxes – foreign $ 1,123,000 $ 1,078,000 $ (178,000)

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