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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Revenues        
Operating Revenues $ 33,330 $ 33,336 $ 99,107 $ 98,844
Operating Expenses        
Selling, general and administrative expense 9,706 7,995 25,873 23,754
Depreciation and amortization expense 4,458 4,431 13,386 13,108
Total Operating Expenses 27,404 25,863 77,842 76,567
Operating Income 5,926 7,473 21,265 22,277
Equity in losses of unconsolidated businesses (24) (18) (47) (42)
Other income, net 72 170 198 494
Interest expense (1,672) (1,433) (5,005) (3,925)
Income Before Provision For Income Taxes 4,302 6,192 16,411 18,804
Provision for income taxes (891) (1,308) (3,576) (4,136)
Net Income 3,411 4,884 12,835 14,668
Net income attributable to noncontrolling interests 105 122 334 349
Net income attributable to Verizon 3,306 4,762 12,501 14,319
Net Income $ 3,411 $ 4,884 $ 12,835 $ 14,668
Basic Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 0.78 $ 1.13 $ 2.96 $ 3.40
Weighted-average shares outstanding (in shares) 4,220 4,213 4,217 4,209
Diluted Earnings Per Common Share        
Net income attributable to Verizon (USD per share) $ 0.78 $ 1.13 $ 2.96 $ 3.40
Weighted-average shares outstanding (in shares) 4,225 4,216 4,221 4,214
Service revenues and other        
Operating Revenues        
Operating Revenues $ 27,987 $ 27,523 $ 83,405 $ 81,994
Wireless equipment        
Operating Revenues        
Operating Revenues 5,343 5,813 15,702 16,850
Operating Expenses        
Cost of services and equipment 6,047 6,353 17,519 18,557
Service        
Operating Expenses        
Cost of services and equipment $ 7,193 $ 7,084 $ 21,064 $ 21,148