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
Operating revenue
Total Revenue	24,752,000	24,124,000	23,833,000	23,840,000
Operating Revenue	24,752,000	24,124,000	23,833,000	23,840,000
Adjustments To Revenue	—	—	—	—
Cost Of Sales	10,048,000	9,466,000	9,517,000	9,796,000
Cost Of Sales With Depreciation	10,048,000	9,466,000	9,517,000	9,796,000
Gross Operating Profit	14,704,000	14,658,000	14,316,000	14,044,000
Operating Expenses
Research And Development Expenses	—	—	—	—
Selling General And Administrative Expenses	6,879,000	6,528,000	6,401,000	6,955,000
Advertising Expenses	—	—	—	—
Operating Income Before Depreciation	7,825,000	8,130,000	7,915,000	7,089,000
Operating Income	4,173,000	4,546,000	4,333,000	3,423,000
Depreciation	3,652,000	3,584,000	3,582,000	3,666,000
Depreciation Unreconciled	3,652,000	3,584,000	3,582,000	3,666,000
Amortization	—	—	—	—
Amortization Of Intangibles	—	—	—	—
Operating Income After Depreciation	4,173,000	4,546,000	4,333,000	3,423,000
Non Operating Expenses
Interest Expense	440,000	403,000	459,000	439,000
Pre Tax Income	4,049,000	4,385,000	3,994,000	3,164,000
Income Taxes	850,000	981,000	945,000	759,000
Minority Interest	1,530,000	1,522,000	1,407,000	1,333,000
Income Before Income Taxes	2,519,000	2,863,000	2,587,000	1,831,000
Net Income From Continuing Operations	1,669,000	1,882,000	1,642,000	1,072,000
Net Income From Discontinued Operations	—	—	—	—
Net Income From Total Operations	1,669,000	1,882,000	1,642,000	1,072,000
Non Recurring Events
Extraordinary Income Losses	—	—	—	—
Income From Cummulated Effect Of Accounting Changes	—	—	—	—
Income From Tax Loss Carryforward	—	—	—	—
Other Gains And Losses	—	—	—	—
Total Net Income	1,669,000	1,882,000	1,642,000	1,072,000
Normalized Income	1,669,000	1,882,000	1,642,000	1,072,000
NetIncome Available For Common	1,669,000	1,882,000	1,642,000	1,072,000
Preferred Dividends	—	—	—	—
Excise Taxes	—	—	—	—

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Operating revenue
Total Revenue	93,469,000	88,144,000	75,112,000	71,283,000
Operating Revenue	93,469,000	88,144,000	75,112,000	71,283,000
Adjustments To Revenue	—	—	—	—
Cost Of Sales	37,547,000	34,994,000	25,469,000	23,168,000
Cost Of Sales With Depreciation	37,547,000	34,994,000	25,469,000	23,168,000
Gross Operating Profit	55,922,000	53,150,000	49,643,000	48,115,000
Operating Expenses
Research And Development Expenses	—	—	—	—
Selling General And Administrative Expenses	25,967,000	25,232,000	21,312,000	21,088,000
Advertising Expenses	—	—	—	—
Operating Income Before Depreciation	29,955,000	27,918,000	28,331,000	27,027,000
Operating Income	15,578,000	13,373,000	14,814,000	13,117,000
Depreciation	14,377,000	14,545,000	14,047,000	13,910,000
Depreciation Unreconciled	14,377,000	14,545,000	14,047,000	13,910,000
Amortization	—	—	—	—
Amortization Of Intangibles	—	—	—	—
Operating Income After Depreciation	15,578,000	13,373,000	14,284,000	13,117,000
Non Operating Expenses
Interest Expense	1,829,000	2,349,000	2,180,000	2,384,000
Pre Tax Income	14,545,000	12,192,000	13,652,000	12,521,000
Income Taxes	3,982,000	2,674,000	3,210,000	2,851,000
Minority Interest	5,053,000	4,038,000	3,045,000	2,409,000
Income Before Income Taxes	9,492,000	8,154,000	10,607,000	10,112,000
Net Income From Continuing Operations	5,510,000	5,480,000	7,397,000	7,261,000
Net Income From Discontinued Operations	142,000	759,000	—	570,000
Net Income From Total Operations	5,652,000	6,239,000	7,397,000	7,831,000
Non Recurring Events
Extraordinary Income Losses	-131,000	—	—	—
Income From Cummulated Effect Of Accounting Changes	—	-42,000	—	—
Income From Tax Loss Carryforward	—	—	—	—
Other Gains And Losses	—	—	—	—
Total Net Income	5,521,000	6,197,000	7,397,000	7,831,000
Normalized Income	5,510,000	5,480,000	6,867,000	7,261,000
NetIncome Available For Common	5,510,000	5,480,000	7,397,000	7,261,000
Preferred Dividends	—	—	—	—
Excise Taxes	—	—	—	—