Financial Statement Analysis Essay Assignment

Financial Statement Analysis Essay Assignment

Instructions/Descriptions

Financial Statement Analysis Essay Assignment

[Order Now]

VERIZON (VZ)

Overview of the Company

Verizon Company, headquartered in New York City, is one of the world’s most influential communication innovation organizations. The company provides phone, information, and video support and explanations for its award-winning organizations and stages, meeting clients’ needs for portability, a stable network, security, and control. Besides, the organization is dedicated to making the globe a better and more superior environment. The current market price per share for the company is 51.53 USD (Verizon Inc, 2018-2020).

Company’s Income Statement

According to Appendix A Verizon’s operating revenues decreased from 2018 to 2020. It started off 22 million and decreased to 18 million by 2020. From the income statement provided by the company, we find that the company’s income grew from 2018 to 2019 and then decreased a little from 2019 to 2020. Verizon Communications Inc.’s income before (provision) advantage for income taxes increased from 2018 to 2019 and from 2019 to 2020, according to the income before benefit for income taxes. Checking out the Net income owing to Verizon company, from the combined pay articulation given by the organization, it is clear that Verizon’s overall gain owing to Verizon significantly increased from 2018 to 2020 (Verizon Inc, 2018-2020).

Common Size Income Statements

From the data given, for the past three years, it is clear that there is a gradual increase in gross profit margin from 2018 to 2020 in Verizon Company. From 2018-2019, there was an increase in the operating profit margin of Verizon Company. Additionally, during the same period, there was a significant increase in the net profit margin ratio which declined in 2019-2020 (Verizon Inc, 2018-2020).

[Order Now]

Balance Sheets

For total assets, from the data given by the Verizon Company, we find that there was an increase in total assets from 2018 to 2020. There was also an increase in total current assets from 2018-2019 and 2019-2020. Total current liabilities increased from 2018-2019, but afterward, there was a slight fall from 2019 to 2020. The company’s long-term debt slightly increased from 2018 to 2020. Finally, there was an increase in total shareholder’s equity from 2018 to 2019 as well as from the year 2019 to 2020 (Verizon Inc, 2018-2020).

Common Size Balance Sheet

Using Appendix A and B the total assets of Verizon Company decreased from 2018 to 2019 but increased from 2019 to 2020, exceeding the 2018 level. From 2018 to 2019, Verizon Company’s current liabilities as a percentage of total liabilities were 14.32% in 2018 then increased to 15.38 % in 2019 then slightly decrease in 2020 to 12.53% . From 2018 to 2019, and from 2019 to 2020, the company’s equity attributable to Verizon rose as a percentage of total liabilities and equity.

Cash Flow

From 2018 to 2019, and from 2019 to 2020, the company’s net cash supplied by operational activities grew. From 2018 to 2019, the company’s net cash utilized in investing operations grew but fell dramatically from 2019 to 2020. The net cash provided by financing activities of Verizon company dropped from 2018 to 2019 but then climbed from 2019 to 2020.

Financial Analysis

Conclusion

Based on the financial facts above, the company’s overall financial strength is strong financial and operational performance, as seen in the balance sheet and income statement. The overall financial performance of Verizon Company can be categorized as Neutral performance. From the table above, looking at the trends discussed, we find more strengths than weaknesses in Verizon Company.

Reference:

Verizon. (2018-2020). Verizon NYC: As reported annual balance sheet [Data set]. Mergent Online

Financial Statement Analysis Essay Assignment

PLACE THE ORDER WITH US TODAY AND GET A PERFECT SCORE!!!