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Verizon Communications (VZ) FY2007 results: revenue $93.5 billion

Verizon Communications Inc. (VZ) reported revenue of $93.5 billion for fiscal 2007, the year ended 31 December 2007. Net income was $5.5 billion, and diluted earnings per share $1.90. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2010.

Revenue
$93.5 billion
FY2007FY2007
Operating margin
16.7%
FY2007FY2007
Net income
$5.5 billion
FY2007FY2007
Diluted EPS
$1.90
FY2007FY2007

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2007Last 8 years
Revenue93,469
Cost of revenue37,547
Gross profit55,922
Gross margin59.8%
Selling, general and administrative25,967
Operating income15,578
Operating margin16.7%
Interest expense1,829
Income tax3,982
Net income5,521
Net margin5.9%
Diluted EPS$1.90
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2007Last 8 years
Operating cash flow26,839
Capital expenditure17,538
Free cash flow9,301
Free cash flow margin10.0%
Cash from investing-16,108
Cash from financing-12,797
Depreciation and amortisation14,377
Buybacks2,843
Dividends paid4,773
Dividend per share$1.67
Diluted shares, weighted2,902m

Balance sheet

$ millionFY2007Last 8 years
Shareholders' equity82,869
Cash and equivalents1,153

10-K for the year ended 31 December 2007, filed 26 February 2010: the filing.