Verizon Communications

(NYSE:VZ)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	696,000	582,000	5,485,000	1,153,000
Restricted Cash	—	—	—	—
Marketable Securities	978,000	1,492,000	1,957,000	2,244,000
Accounts Receivable	11,724,000	11,584,000	11,048,000	11,736,000
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	11,724,000	11,584,000	11,048,000	11,736,000
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	2,485,000	2,216,000	1,672,000	1,729,000
Inventories Adjustments and Allowances	—	—	—	—
Inventories	2,485,000	2,216,000	1,672,000	1,729,000
Prepaid Expenses	3,248,000	2,122,000	2,286,000	1,836,000
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	—	—	—	—
Total Current Assets	19,131,000	17,996,000	22,448,000	18,698,000
Land and Improvements	—	—	—	839,000
Building and Improvements	—	—	—	23,346,000
Machinery Furniture and Equipment	—	—	—	185,566,000
Construction in Progress	—	—	—	1,988,000
Other Fixed Assets	214,376,000	212,605,000	211,834,000	2,255,000
Total Fixed Assets	214,376,000	212,605,000	211,834,000	213,994,000
Gross Fixed Assets	214,376,000	212,605,000	211,834,000	213,994,000
Accumulated Depreciation and Depletion	128,687,000	127,450,000	127,350,000	128,700,000
Net Fixed Assets	85,689,000	85,155,000	84,484,000	85,294,000
Intangibles	66,688,000	65,397,000	55,700,000	55,784,000
Cost in Excess	6,124,000	5,218,000	5,233,000	5,245,000
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	27,229,000	26,880,000	23,428,000	21,938,000
Total Non Current Assets	185,730,000	182,650,000	168,845,000	168,261,000
Total Assets	204,861,000	200,646,000	191,293,000	186,959,000
Liabilities
Current Liabilities
Accounts Payable	13,715,000	13,299,000	13,661,000	4,491,000
Notes Payable	—	—	—	—
Short Term Debt	7,297,000	9,331,000	3,712,000	2,954,000
Accrued Expenses	—	—	—	—
Accrued Liabilities	—	—	—	9,971,000
Deferred Revenues	—	—	—	2,476,000
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	7,263,000	7,270,000	7,371,000	4,849,000
Total Current Liabilities	28,275,000	29,900,000	24,744,000	24,741,000
Non Current Liabilities
Long Term Debt	37,478,000	33,778,000	32,134,000	28,203,000
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	17,409,000	16,346,000	15,468,000	14,784,000
Other Non Current Liabilities	34,853,000	35,102,000	35,268,000	36,362,000
Minority Interest Liabilities	35,892,000	34,633,000	33,399,000	32,288,000
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	153,907,000	149,759,000	141,013,000	136,378,000
Total Liabilities	125,632,000	119,859,000	116,269,000	111,637,000
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	50,954,000	50,887,000	50,280,000	50,581,000
Common Par	297,000	297,000	297,000	297,000
Additional Paid in Capital	40,290,000	40,291,000	40,290,000	40,316,000
Cumulative Translation Adjustment	1,039,000	—	1,345,000	1,167,000
Retained Earnings	19,322,000	18,958,000	18,301,000	17,884,000
Treasury Stock	-4,841,000	-4,591,000	-4,481,000	-3,489,000
Other Equity Adjustments	-5,153,000	-4,068,000	-5,472,000	-5,594,000
Total Capitalization	88,432,000	84,665,000	82,414,000	78,784,000
Cash Flow	20,749,000	20,304,000	19,139,000	20,029,000
Working Capital	-9,144,000	-11,904,000	-2,296,000	-6,043,000
Free Cash Flow	-13,162,000	-13,302,000	-998,000	2,665,000
Invested Capital	88,432,000	84,665,000	82,414,000	78,784,000
Total Equity	50,954,000	50,887,000	50,280,000	50,581,000
Total Liabilities and Stock Equity	204,861,000	200,646,000	191,293,000	186,959,000

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Assets
Current Assets
Cash & Equivalents	1,153,000	3,219,000	776,000	2,290,000
Restricted Cash	—	—	—	—
Marketable Securities	2,244,000	2,434,000	2,498,000	2,257,000
Accounts Receivable	11,736,000	10,891,000	9,171,000	9,801,000
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	11,736,000	10,891,000	9,171,000	9,801,000
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	1,729,000	1,514,000	1,780,000	1,535,000
Inventories Adjustments and Allowances	—	—	—	—
Inventories	1,729,000	1,514,000	1,780,000	1,535,000
Prepaid Expenses	1,836,000	1,888,000	2,223,000	2,646,000
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	—	2,592,000	—	950,000
Total Current Assets	18,698,000	22,538,000	16,448,000	19,479,000
Land and Improvements	839,000	959,000	753,000	772,000
Building and Improvements	23,346,000	22,268,000	19,173,000	18,107,000
Machinery Furniture and Equipment	185,566,000	176,369,000	171,299,000	162,091,000
Construction in Progress	1,988,000	2,315,000	—	1,649,000
Other Fixed Assets	2,255,000	2,198,000	2,385,000	2,903,000
Total Fixed Assets	213,994,000	204,109,000	193,610,000	185,522,000
Gross Fixed Assets	213,994,000	204,109,000	193,610,000	185,522,000
Accumulated Depreciation and Depletion	128,700,000	121,753,000	118,305,000	111,398,000
Net Fixed Assets	85,294,000	82,356,000	75,305,000	74,124,000
Intangibles	55,784,000	56,099,000	52,933,000	47,448,000
Cost in Excess	5,245,000	5,655,000	—	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	21,938,000	22,156,000	23,444,000	24,907,000
Total Non Current Assets	168,261,000	166,266,000	151,682,000	146,479,000
Total Assets	186,959,000	188,804,000	168,130,000	165,958,000
Liabilities
Current Liabilities
Accounts Payable	4,491,000	14,320,000	12,351,000	13,177,000
Notes Payable	—	—	—	—
Short Term Debt	2,954,000	7,715,000	7,141,000	3,593,000
Accrued Expenses	—	—	—	—
Accrued Liabilities	9,971,000	—	—	—
Deferred Revenues	2,476,000	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	4,849,000	10,245,000	5,571,000	6,359,000
Total Current Liabilities	24,741,000	32,280,000	25,063,000	23,129,000
Non Current Liabilities
Long Term Debt	28,203,000	28,646,000	31,869,000	35,674,000
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	14,784,000	16,270,000	22,411,000	22,532,000
Other Non Current Liabilities	36,362,000	34,736,000	22,353,000	22,010,000
Minority Interest Liabilities	32,288,000	28,337,000	26,754,000	25,053,000
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	136,378,000	140,269,000	128,450,000	128,398,000
Total Liabilities	111,637,000	107,989,000	103,387,000	105,269,000
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	50,581,000	48,535,000	39,680,000	37,560,000
Common Par	297,000	297,000	277,000	277,000
Additional Paid in Capital	40,316,000	40,124,000	25,369,000	25,404,000
Cumulative Translation Adjustment	1,167,000	329,000	-755,000	—
Retained Earnings	17,884,000	17,324,000	15,905,000	12,984,000
Treasury Stock	-3,489,000	-1,871,000	-353,000	-142,000
Other Equity Adjustments	-5,594,000	-7,668,000	-763,000	-963,000
Total Capitalization	78,784,000	77,181,000	71,549,000	73,234,000
Cash Flow	20,029,000	20,784,000	21,444,000	21,741,000
Working Capital	-6,043,000	-9,742,000	-8,615,000	-3,650,000
Free Cash Flow	2,665,000	864,000	-2,423,000	3,103,000
Invested Capital	78,784,000	77,181,000	71,549,000	73,234,000
Total Equity	50,581,000	48,535,000	39,680,000	37,560,000
Total Liabilities and Stock Equity	186,959,000	188,804,000	168,130,000	165,958,000