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Verizon 2005 Interactive Annual Report
(dollars in millions, except per share amounts )
    2005     2004     2003     2002     2001  
Results of Operations                              
Operating revenues $ 75,112   $ 71,283   $ 67,468   $ 67,056   $ 66,513  
Operating income   14,814     13,117     7,407     14,877     11,402  
Income before discontinued operations, extraordinary
   items and cumulative effect of accounting change 		  7,397     7,261     3,460     4,591     545  
      Per common share – basic   2.67     2.62     1.26     1.68     .20  
      Per common share – diluted   2.65     2.59     1.25     1.67     .20  
Net income   7,397     7,831     3,077     4,079     389  
Net income available to common shareowners   7,397     7,831     3,077     4,079     389  
      Per common share – basic   2.67     2.83     1.12     1.49     .14  
      Per common share – diluted   2.65     2.79     1.12     1.49     .14  
Cash dividends declared per common share   1.62     1.54     1.54     1.54     1.54  
Financial Position                              
Total assets $ 168,130   $ 165,958   $ 165,968   $ 167,468   $ 170,795  
Long-term debt   31,869     35,674     39,413     44,003     44,873  
Employee benefit obligations   18,819     17,941     16,754     15,392     11,895  
Minority interest   26,754     25,053     24,348     24,057     21,915  
Shareowners’ investment   39,680     37,560     33,466     32,616     32,539  
  • Significant events affecting our historical earnings trends in 2003 through 2005 are described in Management’s Discussion and Analysis of Results of Operations and Financial Condition.
  • 2002 data includes gains on investments and sales of businesses and other special and/or non-recurring items.
  • 2001 data includes losses on investments, severance benefits charges, and other special and/or non-recurring items.
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* This is an interactive electronic version of Verizon’s 2005 Annual Report to Shareholders, and it is intended to be complete and accurate. The contents of this version are qualified in their entirety by reference to the printed version. A reproduction of the printed version is available in PDF format on this website.