US stock · Communication Services sector · Telecom Services
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Verizon Communications Inc.

VZNYSE

45.80

USD
+0.24
(+0.53%)
Market Closed
9.20P/E
9Forward P/E
0.44P/E to S&P500
192.347BMarket CAP
5.62%Div Yield
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Currency: USD, in millions
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Income Statement
Revenue
9,084
9,921
10,298
10,880
11,449
12,298
12,280
12,647
12,990
13,791
13,430
13,081
30,194
31,566
33,174
64,707
67,190
67,625
67,752
71,283
75,112
88,144
93,469
97,354
107,808
106,565
110,875
115,846
120,550
127,079
131,620
125,980
126,034
130,863
131,868
128,292
133,613
COGS
5,276
5,530
5,835
6,282
3,739
3,761
3,937
3,942
4,028
4,002
3,694
3,629
8,444
9,386
10,217
39,481
41,651
41,952
21,783
23,168
25,469
34,994
37,547
39,007
44,299
44,149
45,875
46,275
44,887
49,931
52,557
51,424
51,556
55,508
54,726
51,201
56,301
Gross Profit
3,808
4,391
4,463
4,599
7,710
8,537
8,343
8,706
8,963
9,790
9,735
9,453
21,750
22,180
22,957
25,226
25,539
25,673
45,969
48,115
49,643
53,150
55,922
58,347
63,509
62,416
65,000
69,571
75,663
77,148
79,063
74,556
74,478
75,355
77,142
77,091
77,312
Gross Profit Ratio
41.92%
44.26%
43.34%
42.27%
67.34%
69.42%
67.94%
68.83%
69.00%
70.98%
72.49%
72.26%
72.03%
70.27%
69.20%
38.98%
38.01%
37.96%
67.85%
67.50%
66.09%
60.30%
59.83%
59.93%
58.91%
58.57%
58.62%
60.05%
62.76%
60.71%
60.07%
59.18%
59.09%
57.58%
58.50%
60.09%
57.86%
Operating Expenses
1,484
1,927
2,117
2,354
5,697
5,927
5,818
6,199
6,165
6,985
6,649
6,516
16,408
15,553
14,462
12,261
14,007
10,676
38,616
34,998
35,359
39,777
40,344
41,463
49,482
47,771
52,120
56,411
43,695
57,549
46,003
47,497
45,290
48,486
46,672
48,293
44,864
R&D Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Selling, G&A Exp.
- -
- -
- -
- -
3,277
3,550
3,519
3,782
3,620
4,333
4,022
3,922
9,047
9,803
8,241
- -
- -
- -
24,999
21,088
21,312
25,232
25,967
26,898
32,950
31,366
35,624
39,951
27,089
41,016
29,986
31,569
28,336
31,083
29,990
31,573
28,658
General and Admin. Exp.
- -
- -
- -
- -
- -
- -
- -
- -
- -
4,333
4,022
3,922
9,047
9,803
8,241
- -
- -
- -
24,999
21,088
21,312
25,232
25,967
26,898
32,950
31,366
35,624
39,951
27,089
41,016
29,986
31,569
28,336
31,083
29,990
- -
- -
Selling and Marketing Exp.
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Other Expenses
1,484
1,927
2,117
2,354
2,420
2,377
2,299
2,417
2,545
2,652
2,627
2,595
7,361
5,750
6,221
12,261
14,007
10,676
13,617
13,910
14,047
14,545
14,377
14,565
16,532
16,405
16,496
16,460
16,606
16,533
16,017
15,928
16,954
17,403
16,682
16,720
16,206
COGS and Expenses
6,760
7,457
7,952
8,636
9,436
9,688
9,754
10,141
10,193
10,987
10,343
10,145
24,852
24,939
24,679
51,742
55,658
52,628
60,399
58,166
60,828
74,771
77,891
80,470
93,781
91,920
97,995
102,686
88,582
107,480
98,560
98,921
96,846
103,994
101,398
99,494
101,165
Interest Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
96
116
120
201
168
362
75
- -
68
57
64
108
115
59
82
94
121
65
48
Interest Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2,797
2,384
2,180
2,349
1,829
1,819
3,102
2,523
2,827
2,571
2,667
4,915
4,920
4,376
4,733
4,833
4,730
4,247
3,485
Depreciation and Amortization
- -
- -
- -
- -
2,420
2,377
2,299
2,417
2,545
2,652
2,627
2,595
5,754
5,750
6,070
12,261
13,657
13,423
13,617
13,910
14,047
14,545
14,377
14,565
16,532
16,405
16,496
16,460
16,606
16,533
16,017
15,928
16,954
17,403
16,682
16,720
16,206
EBITDA
1,903
2,072
1,954
1,847
3,965
4,359
4,295
4,402
4,741
2,782
5,633
5,345
9,738
10,723
12,829
31,067
16,222
19,120
20,743
26,976
26,834
25,765
25,709
26,143
24,495
23,944
22,012
19,246
36,500
34,387
48,681
40,809
41,832
41,348
43,622
44,387
48,558
EBITDA ratio
20.95%
20.88%
18.98%
16.97%
34.64%
35.45%
34.98%
34.80%
36.49%
20.17%
41.94%
40.86%
32.25%
33.97%
38.67%
48.01%
24.14%
28.27%
30.62%
37.84%
35.73%
29.23%
27.51%
26.85%
22.72%
22.47%
19.85%
16.61%
30.28%
27.06%
36.99%
32.39%
33.19%
31.60%
33.08%
34.60%
36.34%
Operating Income
2,325
2,464
2,346
2,245
2,013
2,610
2,525
2,506
2,798
2,805
3,086
2,937
5,342
6,627
8,495
12,965
11,532
14,997
7,494
13,117
14,814
13,373
15,578
16,884
14,027
14,645
12,880
13,160
31,968
19,599
33,060
27,059
27,414
22,278
30,378
28,798
32,448
Operating Income ratio
25.59%
24.84%
22.78%
20.63%
17.58%
21.22%
20.57%
19.82%
21.54%
20.34%
22.98%
22.45%
17.69%
20.99%
25.61%
20.04%
17.16%
22.18%
11.06%
18.40%
19.72%
15.17%
16.67%
17.34%
13.01%
13.74%
11.62%
11.36%
26.52%
15.42%
25.12%
21.48%
21.75%
17.02%
23.04%
22.45%
24.29%
Total Other Income Exp.(Gains)
(421)
(392)
(392)
(398)
(467)
(628)
(529)
(481)
(524)
(518)
(77)
(186)
(1,357)
(1,628)
(1,730)
4,854
(8,766)
(8,795)
(1,150)
(596)
(1,162)
(1,181)
(1,033)
(970)
(2,459)
(1,961)
(2,397)
(3,263)
(2,691)
(4,329)
(4,820)
(6,073)
(6,820)
(2,655)
(7,645)
(4,831)
(3,028)
Income Before Tax
1,903
2,072
1,954
1,847
1,546
1,982
1,996
2,026
2,274
2,287
3,009
2,751
3,984
4,999
6,765
17,819
2,766
6,202
6,344
12,521
13,652
12,192
14,545
15,914
11,568
12,684
10,483
9,897
29,277
15,270
28,240
20,986
20,594
19,623
22,733
23,967
29,420
Income Before Tax ratio
20.95%
20.88%
18.98%
16.97%
13.50%
16.12%
16.26%
16.02%
17.50%
16.58%
22.41%
21.03%
13.20%
15.84%
20.39%
27.54%
4.12%
9.17%
9.36%
17.57%
18.18%
13.83%
15.56%
16.35%
10.73%
11.90%
9.45%
8.54%
24.29%
12.02%
21.46%
16.66%
16.34%
15.00%
17.24%
18.68%
22.02%
Income Tax Expense (Gain)
810
905
714
530
471
670
665
644
792
885
1,148
1,011
1,529
2,008
2,557
7,009
2,176
1,618
1,252
2,851
3,210
2,674
3,982
3,331
1,210
2,467
285
(660)
5,730
3,314
9,865
7,378
(9,956)
3,584
2,945
5,619
6,802
Net Income
1,093
1,167
1,240
1,317
1,075
1,313
1,332
1,341
1,403
(755)
1,858
1,739
2,455
2,965
4,202
11,797
389
4,079
3,077
7,831
7,397
6,197
5,521
6,428
3,651
2,549
2,404
875
11,497
9,625
17,879
13,127
30,101
15,528
19,265
17,801
22,065
Net Income Ratio
12.03%
11.76%
12.04%
12.10%
9.39%
10.67%
10.84%
10.60%
10.80%
(5.47)%
13.84%
13.30%
8.13%
9.39%
12.67%
18.23%
0.58%
6.03%
4.54%
10.99%
9.85%
7.03%
5.91%
6.60%
3.39%
2.39%
2.17%
0.76%
9.54%
7.57%
13.58%
10.42%
23.88%
11.87%
14.61%
13.88%
16.51%
EPS
1.37
1.47
1.56
1.67
1.36
1.69
1.71
1.57
1.62
(0.86)
2.12
2.14
1.58
1.89
2.71
4.34
0.14
1.49
1.12
2.83
2.67
2.13
1.91
2.26
1.29
0.90
0.85
0.31
4.01
2.42
4.38
3.22
7.37
3.76
4.66
4.30
5.32
EPS Diluted
1.37
1.47
1.56
1.67
1.36
1.69
1.71
1.57
1.62
(0.86)
2.12
2.14
1.56
1.86
2.65
4.31
0.14
1.49
1.11
2.79
2.65
2.12
1.90
2.26
1.29
0.90
0.85
0.31
4.00
2.42
4.37
3.21
7.36
3.76
4.65
4.30
5.32
Weighted Avg. Shares Outs.
798
794
795
789
790
777
779
854
869
874
877
879
1,552
1,553
1,553
2,713
2,710
2,729
2,756
2,770
2,766
2,912
2,898
2,849
2,841
2,830
2,833
2,853
2,866
3,974
4,085
4,080
4,084
4,128
4,138
4,140
4,148
Weighted Avg. Shares Outs. Dil.
798
794
795
789
790
777
779
854
869
877
877
946
1,571
1,578
1,583
2,737
2,730
2,745
2,789
2,831
2,817
2,938
2,902
2,850
2,841
2,833
2,839
2,862
2,874
3,981
4,093
4,086
4,089
4,132
4,140
4,142
4,150
Balance Sheet
Cash and Cash Equivalents
- -
- -
- -
- -
- -
- -
- -
- -
- -
143
357
153
323
237
1,097
757
979
1,438
699
2,290
776
3,219
1,153
9,782
2,009
6,668
13,362
3,093
53,528
10,598
4,470
2,880
2,079
2,745
2,594
22,171
2,921
Short-Term Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
839
1,613
1,991
2,042
2,172
2,257
2,498
2,434
2,244
509
490
545
592
470
601
555
350
- -
- -
- -
- -
- -
- -
Cash & Short-Term Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
143
357
153
323
237
1,936
2,370
2,970
3,480
2,871
4,547
3,274
5,653
3,397
10,291
2,499
7,213
13,954
3,563
54,129
11,153
4,820
2,880
2,079
2,745
2,594
22,171
2,921
Net Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
2,328
2,386
2,847
6,341
6,560
7,025
14,010
14,254
12,598
9,905
9,801
9,171
10,891
11,736
11,703
12,573
11,781
11,776
12,576
12,439
13,993
13,457
17,513
23,493
25,102
25,429
23,917
23,846
Inventory
- -
- -
- -
- -
- -
- -
- -
- -
- -
275
133
149
550
566
664
1,910
1,968
1,502
1,283
1,535
1,780
1,514
1,729
2,092
2,289
1,131
940
1,075
1,020
1,153
1,252
1,202
1,034
1,336
1,422
1,796
3,055
Other Current Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
1,038
997
800
1,787
1,719
971
3,831
3,995
3,341
4,234
3,596
2,223
4,480
1,836
1,989
5,247
2,223
4,269
4,021
3,406
3,324
2,751
4,800
3,307
5,453
8,028
6,710
6,906
Total Current Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
3,783
3,873
3,948
9,001
9,082
10,596
22,121
23,187
20,921
18,293
19,479
16,448
22,538
18,698
26,075
22,608
22,348
30,939
21,235
70,994
29,623
22,280
26,395
29,913
34,636
37,473
54,594
36,728
PP&E
- -
- -
- -
- -
- -
- -
- -
- -
- -
16,938
15,921
15,916
35,039
36,816
39,299
69,504
74,419
74,496
75,316
74,124
75,305
82,356
85,294
86,546
91,466
87,711
88,434
88,642
88,956
89,947
83,541
84,751
88,568
89,286
114,609
117,364
127,579
Goodwill
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1,389
837
836
5,655
5,245
6,035
22,472
21,988
23,357
24,139
24,634
24,639
25,331
27,205
29,172
24,614
24,389
24,773
28,603
Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
41,990
44,262
46,739
45,640
46,611
52,097
56,099
55,784
67,173
78,831
78,826
79,128
83,677
81,547
81,069
94,913
95,570
98,664
103,905
104,557
105,510
159,296
Goodwill and Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
41,990
44,262
46,739
47,029
47,448
52,933
61,754
61,029
73,208
101,303
100,814
102,485
107,816
106,181
105,708
120,244
122,775
127,836
128,519
128,946
130,283
187,899
Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5,789
5,855
4,604
4,868
3,372
8,174
3,535
3,497
3,448
3,401
3,432
802
796
1,110
1,039
671
558
589
1,061
Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
11,769
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Other Non-Current Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
3,550
4,363
4,993
9,924
9,246
12,719
31,120
28,927
25,312
19,541
19,052
18,840
17,288
18,566
(3,420)
8,339
5,635
5,155
4,128
4,535
6,628
17,779
9,149
9,787
11,717
10,141
13,651
13,329
Total Non-Current Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
20,489
20,284
20,908
44,963
46,062
52,018
142,614
147,608
146,547
147,675
146,479
151,682
166,266
168,261
176,277
204,643
197,657
199,522
203,987
203,104
203,085
222,360
217,785
227,230
230,193
254,254
261,887
329,868
Other Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
24,272
24,157
24,856
53,964
55,144
62,614
164,735
170,795
167,468
165,968
165,958
168,130
188,804
186,959
202,352
227,251
220,005
230,461
225,222
274,098
232,708
244,640
244,180
257,143
264,829
291,727
316,481
366,596
Accounts Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
2,220
2,724
2,903
5,966
6,105
6,465
13,965
5,171
4,917
4,130
2,827
2,827
4,392
4,491
3,856
4,337
3,936
4,194
4,740
4,954
5,598
6,391
7,084
7,063
7,232
7,725
6,667
8,040
Short-Term Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
2,088
1,930
2,137
6,343
2,988
5,455
14,838
18,669
9,288
5,967
3,593
7,141
7,715
2,954
4,993
7,205
7,542
4,849
4,369
3,933
2,735
6,489
2,645
3,453
7,190
14,038
9,374
11,302
Tax Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2,741
3,326
2,605
2,757
2,270
2,136
1,444
1,157
1,078
1,196
1,556
1,457
2,054
1,516
1,483
1,483
1,771
1,432
1,624
Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1,686
1,899
1,985
2,226
2,476
2,651
2,644
- -
- -
3,554
2,829
3,125
2,969
2,914
3,084
4,207
4,651
4,843
6,053
Other Current Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
1,269
719
663
1,355
1,439
1,547
5,433
14,180
12,842
14,787
14,810
13,110
17,947
14,820
14,406
14,950
19,119
21,718
14,293
15,334
16,606
19,203
17,697
19,437
19,301
18,454
18,776
21,765
Total Current Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
5,577
5,373
5,703
13,664
10,531
13,467
34,236
38,020
27,047
26,570
23,129
25,063
32,280
24,741
25,906
29,136
30,597
30,761
26,956
27,050
28,064
35,052
30,340
33,037
37,930
44,868
39,660
47,160
Long-Term Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
6,806
6,407
5,960
13,265
17,646
18,463
42,491
45,657
44,791
39,413
35,674
31,869
28,646
28,203
46,959
55,051
45,252
50,303
47,618
89,658
110,536
103,705
105,433
113,642
105,873
99,932
141,173
166,628
Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
1,306
1,214
1,230
2,106
2,254
3,892
15,260
16,543
19,468
21,708
22,532
22,411
16,270
14,784
11,769
19,310
22,818
25,060
24,677
28,639
41,578
45,484
45,964
31,232
33,795
34,703
35,711
40,685
Other Non-Current Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
4,417
4,479
4,396
11,028
11,157
10,253
16,340
15,887
19,405
20,463
22,010
22,353
34,736
36,362
38,813
39,387
34,426
38,429
40,438
33,335
38,854
42,557
38,411
34,545
32,521
49,389
30,665
28,923
Total Non-Current Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
12,529
12,100
11,586
26,399
31,057
32,608
74,091
78,087
83,664
81,584
80,216
76,633
79,652
79,349
97,541
113,748
102,496
113,792
112,733
151,632
190,968
191,746
189,808
179,419
172,189
184,024
207,549
236,236
Other Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Lease Obligations
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
22,770
21,485
27,062
Total Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
18,106
17,473
17,288
40,063
41,588
46,075
108,327
116,107
110,711
108,154
103,345
101,696
111,932
104,090
123,447
142,884
133,093
144,553
139,689
178,682
219,032
226,798
220,148
212,456
210,119
228,892
247,209
283,396
Preferred Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Common Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
437
- -
438
79
158
158
275
275
275
277
277
277
297
297
297
297
297
297
297
297
424
424
424
424
429
429
429
429
Retained Earnings
- -
- -
- -
- -
- -
- -
- -
- -
- -
1,144
1,777
2,382
1,262
1,371
2,806
14,667
10,704
10,536
9,409
12,984
15,905
17,324
17,884
19,250
17,592
4,368
1,179
(3,734)
1,782
2,447
11,246
15,059
35,635
43,542
53,147
60,464
71,993
Other Compreh. Income(Loss)
- -
- -
- -
- -
- -
- -
- -
- -
- -
(16,808)
(17,633)
(18,843)
(42,398)
(46,249)
(49,939)
(89,453)
(95,167)
(2,662)
(1,250)
(1,053)
(1,783)
(7,530)
(4,506)
(13,372)
(11,479)
1,049
1,269
2,235
2,358
1,111
550
2,673
2,659
2,370
998
(71)
(927)
Other Total Stockhold. Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
21,393
22,540
23,591
54,958
58,276
63,514
130,919
138,876
24,467
25,030
25,352
25,281
38,444
36,906
35,531
35,196
32,855
33,225
34,359
34,399
8,316
4,208
4,368
4,378
6,804
6,821
7,020
10,295
Total Stockholders Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
6,166
6,684
7,568
13,901
13,556
16,539
56,408
54,688
32,616
33,466
37,560
39,680
48,535
50,581
41,706
41,606
38,569
35,970
33,157
38,836
12,298
16,428
22,524
43,096
53,145
61,395
67,842
81,790
Total Liab.&Stockhold. Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
24,272
24,157
24,856
53,964
55,144
62,614
164,735
170,795
143,327
141,620
140,905
141,376
160,467
154,671
165,153
184,490
171,662
180,523
172,846
217,518
231,330
243,226
242,672
255,552
263,264
290,287
315,051
365,186
Minority Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
24,141
24,348
25,053
26,754
28,337
32,288
37,199
42,761
48,343
49,938
52,376
56,580
1,378
1,414
1,508
1,591
1,565
1,440
1,430
1,410
Total Liabilities & Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
24,272
24,157
24,856
53,964
55,144
62,614
164,735
170,795
167,468
165,968
165,958
168,130
188,804
186,959
202,352
227,251
220,005
230,461
225,222
274,098
232,708
244,640
244,180
257,143
264,829
291,727
316,481
366,596
Cash Flow Statement
Net Income
- -
- -
- -
- -
1,075
1,313
1,332
1,341
1,403
(755)
1,858
1,739
2,455
2,965
4,202
11,797
389
4,079
3,077
7,831
7,397
6,197
5,521
6,428
3,651
2,549
2,404
875
11,497
9,625
17,879
13,127
30,101
15,528
19,265
17,801
22,618
Depreciation and Amortization
- -
- -
- -
- -
2,420
2,377
2,299
2,417
2,545
2,652
2,627
2,595
5,754
5,750
6,070
12,261
13,657
13,423
13,617
13,910
14,047
14,545
14,377
14,565
16,532
16,405
16,496
16,460
16,606
16,533
16,017
15,928
16,954
17,403
16,682
16,720
16,206
Deferred Income Tax
- -
- -
- -
- -
165
93
20
(26)
(106)
(271)
(95)
77
237
264
928
3,434
1,065
1,722
826
1,842
(1,059)
(252)
408
2,183
1,384
3,233
(223)
(952)
5,785
(92)
3,516
(1,063)
(14,463)
389
1,232
1,553
4,264
Stock Based Compensation
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Change in Working Capital
- -
- -
- -
- -
220
(285)
(98)
198
326
(32)
(268)
68
47
284
(1,331)
(1,261)
(2,402)
(1,800)
1,726
(3,243)
(2,410)
(1,635)
(2,893)
(3,033)
(2,511)
(1,728)
(5,179)
(403)
(5)
(2,160)
2,443
(5,636)
(4,947)
(1,177)
(6,713)
56
(890)
Accounts Receivable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(844)
(1,617)
(933)
(1,312)
(1,931)
(1,085)
(1,393)
(859)
- -
(1,717)
(843)
(2,745)
(945)
(5,067)
(5,436)
(2,667)
(1,471)
189
(1,592)
Inventory
- -
- -
- -
- -
(67)
(106)
(15)
(44)
(49)
(81)
(48)
(16)
(74)
(111)
(92)
(530)
(47)
469
(65)
(274)
(252)
8
(255)
(188)
235
299
208
(136)
56
(132)
(99)
61
168
(324)
(76)
(369)
(905)
Accounts Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1,457
Other Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
(1,793)
(1,500)
(1,755)
(4,663)
(1,449)
(2,871)
(12,115)
(14,833)
(6,126)
(8)
578
(191)
52
(140)
(59)
(102)
(1,930)
(2,900)
(5,721)
43,944
1,559
(12,772)
(3,945)
(3,124)
(3,294)
(7,395)
14,934
- -
Other Non-Cash Items
- -
- -
- -
- -
12
37
203
(1)
66
2,158
(141)
(64)
366
807
787
(10,404)
7,064
4,676
3,236
1,480
4,037
5,251
8,326
6,477
12,509
12,904
16,282
15,506
4,935
6,725
(925)
359
(2,340)
2,196
5,280
5,638
(2,659)
Cash Provided by Operating Activities
- -
- -
- -
- -
3,892
3,535
3,756
3,930
4,234
3,753
3,981
4,416
8,859
10,071
10,656
15,827
19,773
22,100
22,482
21,820
22,012
24,106
25,739
26,620
31,565
33,363
29,780
31,486
38,818
30,631
38,930
22,715
25,305
34,339
35,746
41,768
39,539
CAPEX
- -
- -
- -
- -
(2,584)
(2,522)
(2,459)
(2,488)
(2,517)
(2,648)
(2,627)
(2,553)
(6,638)
(7,508)
(9,180)
(17,633)
(17,371)
(11,984)
(11,884)
(13,259)
(15,324)
(17,101)
(17,538)
(17,238)
(17,047)
(16,458)
(16,244)
(20,110)
(17,184)
(17,545)
(27,717)
(17,593)
(17,830)
(18,087)
(18,837)
(20,318)
(67,882)
Acquisitions Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(2,247)
(3,142)
(1,093)
229
1,720
1,326
- -
- -
(15,904)
(5,958)
(1,438)
(2,018)
(913)
(494)
(62)
(3,497)
6,117
(2,314)
(230)
(1)
(520)
57
Purchases of Investments
- -
- -
- -
- -
(711)
(873)
(202)
(159)
(1,871)
(10)
(135)
(402)
(844)
(1,028)
(855)
(1,204)
(2,002)
(2,099)
(3,049)
(1,296)
(5,028)
(1,422)
(763)
- -
- -
(3)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Maturities of Investments
- -
- -
- -
- -
697
1,141
112
241
1,835
19
135
130
427
968
795
983
1,595
1,931
1,767
- -
- -
290
169
- -
84
- -
35
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Other Investing Activities
- -
- -
- -
- -
(756)
(1,485)
314
410
(383)
970
536
(319)
(284)
(117)
(389)
4,046
(706)
6,417
(11,193)
(10,767)
(14,790)
(14,484)
(15,514)
(15,675)
(17,457)
(13,613)
(15,267)
(19,589)
(14,339)
(15,794)
(26,546)
(17,100)
(17,058)
(17,704)
(17,580)
(22,992)
(67,210)
Cash Used for Investing Activities
- -
- -
- -
- -
(3,354)
(3,739)
(2,234)
(1,996)
(2,936)
(1,670)
(2,091)
(3,144)
(7,339)
(7,685)
(9,629)
(16,055)
(21,626)
(6,828)
(12,246)
(10,343)
(18,492)
(15,616)
(16,108)
(31,579)
(23,331)
(15,054)
(17,250)
(20,502)
(14,833)
(15,856)
(30,043)
(10,983)
(19,372)
(17,934)
(17,581)
(23,512)
(67,153)
Debt Repayment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(12,089)
(5,981)
(3,919)
(11,233)
(5,503)
(4,146)
(19,260)
(8,136)
(11,805)
(6,403)
(8,305)
(18,144)
(9,684)
(19,308)
(24,407)
(14,558)
(23,886)
(17,188)
(18,863)
Common Stock Issued
- -
- -
- -
- -
371
28
113
122
34
7
77
75
776
559
433
576
501
915
839
320
37
174
1,274
16
- -
- -
241
315
85
34
40
3
- -
- -
- -
- -
- -
Common Stock Repurchased
- -
- -
- -
- -
(380)
(103)
(15)
(0)
- -
(9)
(11)
(101)
(930)
(1,002)
(723)
(2,294)
(18)
- -
- -
(370)
(271)
(1,700)
(2,843)
(1,368)
- -
- -
- -
- -
(153)
- -
(5,134)
- -
- -
- -
- -
- -
- -
Dividends Paid
- -
- -
- -
- -
(856)
(912)
(976)
(1,070)
(1,157)
(1,195)
(1,218)
(1,252)
(2,340)
(2,380)
(2,399)
(4,421)
(4,168)
(4,200)
(4,239)
(4,262)
(4,427)
(4,719)
(4,773)
(4,994)
(5,271)
(5,412)
(5,555)
(5,230)
(5,936)
(7,803)
(8,538)
(9,262)
(9,472)
(9,772)
(10,016)
(10,232)
(10,445)
Other Financing Activities
- -
- -
- -
- -
445
1,121
(607)
(822)
(325)
(889)
(524)
(198)
1,047
351
2,522
5,091
5,760
(11,528)
4,530
437
3,546
11,447
148
24,080
8,524
(102)
11,283
(9,935)
40,759
(31,792)
8,301
15,245
27,145
8,953
15,738
28,745
37,585
Cash Used/Provided by Financing Activities
- -
- -
- -
- -
(421)
134
(1,485)
(1,770)
(1,448)
(2,086)
(1,676)
(1,476)
(1,447)
(2,472)
(167)
(1,048)
2,075
(14,813)
(10,959)
(9,856)
(5,034)
(6,031)
(11,697)
13,588
(16,007)
(13,650)
(5,836)
(21,253)
26,450
(57,705)
(15,015)
(13,322)
(6,734)
(15,377)
(18,164)
1,325
8,277
Effect of Forex Changes on Cash
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Change In Cash
- -
- -
- -
- -
(421)
134
(1,485)
(1,770)
(1,448)
(3)
(1,676)
(204)
73
(86)
860
(1,276)
222
459
(723)
1,621
(1,514)
2,459
(2,066)
8,629
(7,773)
4,659
6,694
(10,269)
50,435
(42,930)
(6,128)
(1,590)
(801)
1,028
1
19,581
(19,337)
Cash at the End of Period
- -
- -
- -
- -
- -
- -
- -
- -
- -
143
- -
153
323
237
1,097
757
979
1,438
699
2,290
776
3,219
1,153
9,782
2,009
6,668
13,362
3,093
53,528
10,598
4,470
2,880
2,079
3,916
3,917
23,498
4,161
Cash at the Beginning of Period
- -
- -
- -
- -
48
164
95
132
296
146
143
357
249
323
237
2,033
757
979
1,422
669
2,290
760
3,219
1,153
9,782
2,009
6,668
13,362
3,093
53,528
10,598
4,470
2,880
2,888
3,916
3,917
23,498
Free Cash Flow
- -
- -
- -
- -
1,308
1,013
1,297
1,442
1,717
1,104
1,354
1,862
2,221
2,563
1,476
(1,806)
2,402
10,116
10,598
8,561
6,688
7,005
8,201
9,382
14,518
16,905
13,536
11,376
21,634
13,086
11,213
5,122
7,475
16,252
16,909
21,450
(28,343)
Forex Rate
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -