financials > selected financial data
(dollars in millions, except per share amounts )
    2004     2003     2002     2001     2000  
Results of Operations                              
Operating revenues $ 71,283   $ 67,468   $ 67,056   $ 66,513   $ 64,093  
Operating income   13,117     7,407     14,877     11,402     16,725  
Income before discontinued operations, extraordinary
   items and cumulative effect of accounting change
  7,261     3,460     4,591     545     10,844  
      Per common share – basic   2.62     1.26     1.68     .20     4.00  
      Per common share – diluted   2.59     1.25     1.67     .20     3.96  
Net income   7,831     3,077     4,079     389     11,797  
Net income available to common shareowners   7,831     3,077     4,079     389     11,787  
      Per common share – basic   2.83     1.12     1.49     .14     4.34  
      Per common share – diluted   2.79     1.12     1.49     .14     4.31  
Cash dividends declared per common share   1.54     1.54     1.54     1.54     1.54  
Financial Position                              
Total assets $ 165,958   $ 165,968   $ 167,468   $ 170,795   $ 164,735  
Long-term debt   35,674     39,413     44,003     44,873     41,858  
Employee benefit obligations   17,941     16,754     15,392     11,895     12,541  
Minority interest   25,053     24,348     24,057     21,915     21,698  
Shareowners’ investment   37,560     33,466     32,616     32,539     34,578  
  • Significant events affecting our historical earnings trends in 2002 through 2004 are described in Managementís Discussion and Analysis of Results of Operations and Financial Condition.
  • 2001 data includes losses on investments, severance benefits charges, and other special and/or non-recurring items.
  • 2000 data includes gains on investments and sales of businesses, merger-related costs and other special and/or non-recurring items.
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* This is an interactive electronic version of Verizon’s 2004 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