Financial Statement Analysis
Financial Statement Analysis
MBA 6150
Financial Statement Analysis – Verizon Communications
Abstract The process of developing financial statements for a business is to provide supporting documentation to what has been reported as annual or quarterly income. Within the financial statement analysis strengths and weaknesses are identified through the comparison of data from the balance sheet. There are many different ways to interpret the data that is utilized for the analysis; those include but are not limited to comparative statements, schedule of changes in working capital, common size percentages, and ratio analysis. The following paper will be reviewing the financial data from Verizon Communications (VZ). Through the analysis review of the corporations financial and common size statements will be reviewed, as well as financial ratios, a trend analysis and in depth overview of the organization.
Company Background Verizon Communications Inc., headquartered in New York, is a global leader in delivering broadband and other wireless and wire-line communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America’s most reliable wireless network, serving more than 89 million customers nationwide. Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 230,000 and last year generated consolidated revenues of more than $97 billion. (www.verizon.com).
Verizon Communications came to be after multiple mergers. These mergers began as the Bell Atlantic – GTE merger. Prior to the merger GTE was one of the world’s largest telecommunications companies serving approximately 35 million access lines throughout the United States, Canada, and the Dominican Republic. GTE
MBA 6150
Financial Statement Analysis – Verizon Communications
Abstract The process of developing financial statements for a business is to provide supporting documentation to what has been reported as annual or quarterly income. Within the financial statement analysis strengths and weaknesses are identified through the comparison of data from the balance sheet. There are many different ways to interpret the data that is utilized for the analysis; those include but are not limited to comparative statements, schedule of changes in working capital, common size percentages, and ratio analysis. The following paper will be reviewing the financial data from Verizon Communications (VZ). Through the analysis review of the corporations financial and common size statements will be reviewed, as well as financial ratios, a trend analysis and in depth overview of the organization.
Company Background Verizon Communications Inc., headquartered in New York, is a global leader in delivering broadband and other wireless and wire-line communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America’s most reliable wireless network, serving more than 89 million customers nationwide. Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 230,000 and last year generated consolidated revenues of more than $97 billion. (www.verizon.com).
Verizon Communications came to be after multiple mergers. These mergers began as the Bell Atlantic – GTE merger. Prior to the merger GTE was one of the world’s largest telecommunications companies serving approximately 35 million access lines throughout the United States, Canada, and the Dominican Republic. GTE
References: www.verizon.com