Financial Statements- Candle company

Balance Sheet
Exchange rate used is that of the Year End
reported date

As Reported Annual Balance Sheet

Report Date 12/31/2022
Currency USD
Audit Status Not Qualified
Consolidated Yes
Scale Thousands
Cash & cash equivalents $ 2,605,000
Accounts receivable $ 25,332,000
Less allowance for credit losses $ 826,000
Accounts receivable, net $ 24,506,000
Inventories $ 2,388,000
Prepaid taxes $ 167,000
Deferred contract costs $ 2,629,000
Collateral payments related to derivative cont $ 2,286,000
Restricted cash $ 1,343,000
Other prepaid expenses & other current asset $ 1,933,000
Prepaid expenses & other current assets $ 8,358,000
Total current assets $ 37,857,000
Land $ 747,000
Buildings & equipment $ 35,382,000
Central office & other network equipment $ 162,001,000
Antennas, cable, conduit, poles & towers $ 75,622,000
Cable, poles & conduit -
Leasehold improvements $ 10,159,000
Work in progress $ 12,889,000
Furniture, vehicles & other plant, property & $ 10,889,000
Property, plant & equipment $ 307,689,000
Less accumulated depreciation $ 200,255,000
Property, plant & equipment, net $ 107,434,000
Investments in unconsolidated businesses $ 1,071,000
Wireless licenses $ 149,796,000
Goodwill $ 28,671,000
Other intangible assets, net $ 11,461,000
Operating lease right-of-use assets $ 26,130,000
Other assets $ 17,260,000
Total assets $ 379,680,000
Debt maturing within one year $ 9,963,000
Accounts payable $ 8,750,000
Accrued expenses $ 7,824,000
Accrued vacation, salaries & wages $ 3,950,000
Interest payable $ 1,577,000
Taxes payable $ 1,876,000
Accounts payable & accrued liabilities $ 23,977,000
Current operating lease liabilities $ 4,134,000
Dividends payable $ 2,764,000
Contract liability $ 6,583,000
Other current liabilities $ 2,750,000
Other current liabilities $ 12,097,000
Total current liabilities $ 50,171,000
Verizon Communications $ 132,721,000
Alltel Corporation $ 94,000
Debentures $ 614,000
GTE LLC -
Asset-backed debt $ 20,038,000
Finance lease obligations $ 1,732,000
Unamortized discount, net of premium $ -4,039,000
Unamortized debt issuance costs $ -671,000
Long-term debt, including current maturities $ 150,489,000
Less: long-term debt maturing within one year $ 9,813,000
Long-term debt $ 140,676,000
Employee benefit obligations $ 12,974,000
Deferred income taxes $ 43,441,000
Non-current operating lease liabilities $ 21,558,000
Other liabilities $ 18,397,000
Total long-term liabilities $ 237,046,000
Common stock $ 429,000
Additional paid in capital $ 13,420,000
Retained earnings (accumulated deficit) $ 82,380,000
Foreign currency translation adjustments $ -698,000
Unrealized gain (loss) on cash flow hedges $ -1,150,000
Unrealized loss on fair value hedges $ -431,000
Unrealized gain (loss) on marketable securitie $ -9,000
Defined benefit pension & postretirement plan $ 423,000
Accumulated other comprehensive income (lo $ -1,865,000
Common stock in treasury $ 4,013,000
Deferred compensation - employee stock owne$ -793,000
Noncontrolling interests $ 1,319,000
Total equity $ 92,463,000
Total liability + equity $ 379,680,000
Company Financials
Income Statement
Exchange rate used is that of the Year End reported date

As Reported Annual Income Statement

Report Date
Currency
Audit Status
Consolidated
Scale
Service revenues & other revenues
Wireless equipment revenues
Total operating revenues
Cost of services
Cost of wireless equipment
Selling, general & administrative expense
Depreciation & amortization expense
Total operating expenses
Operating income
Equity in earnings (losses) of unconsolidated businesses
Interest income
Other components of net periodic benefit income (cost)
Net debt extinguishment gains (losses)
Other income (expense), net
Other income & (expense), net
Interest expense
Income (loss) before provision (benefit) for income taxes - domes
Income (loss) before provision (benefit) for income taxes - foreig
Income (loss) before provision (benefit) for income taxes
Current federal provision (benefit) for income taxes
Current foreign provision (benefit) for income taxes
Current state & local provision (benefit) for income taxes
Total current provision (benefit) for income taxes
Deferred federal provision (benefit) for income taxes
Deferred foreign provision (benefit) for income taxes
Deferred state & local provision (benefit) for income taxes
Total deferred provision (benefit) for income taxes
Provision (benefit) for income taxes
Net income (loss)
Net income attributable to noncontrolling interests
Net income (loss) attributable to Verizon Communications Inc.
Weighted average shares outstanding - basic
Weighted average shares outstanding - diluted
Year end shares outstanding
Net earnings (loss) per common share - basic
Net earnings (loss) per common share - diluted
Dividends declared
Number of full time employees
Total number of employees
Total number of stockholders
Foreign currency translation adjustments
 12/31/2022
USD
Not Qualified
Yes
Thousands
$ 109,625,000
$ 27,210,000
$ 136,835,000
$ 28,637,000
$ 30,496,000
$ 30,136,000
$ 17,099,000
$ 106,368,000
$ 30,467,000
$ 44,000
$ 146,000
$ 2,386,000
$ -1,077,000
$ -82,000
$ 1,373,000
$ 3,613,000
$ 26,822,000
$ 1,449,000
$ 28,271,000
$ 2,411,000
$ 201,000
$ 938,000
$ 3,550,000
$ 2,529,000
$ -22,000
$ 466,000
$ 2,973,000
$ 6,523,000
$ 21,748,000
$ -492,000
$ 21,256,000
4,202,000
4,204,000
4,199,861
$ 5.06
$ 5.06
$ 2.59
117100
-
462587
-153000
Cash Flows
Exchange rate used is that of the Year End reported
date

As Reported Annual Cash Flow

Report Date 12/31/2022
Currency USD
Audit Status Not Qualified
Consolidated Yes
Scale Thousands
Net income (loss) $ 21,748,000
Depreciation & amortization expense $ 17,099,000
Employee retirement benefits $ -2,046,000
Deferred income taxes $ 2,973,000
Provision for expected credit losses $ 1,611,000
Equity in losses (earnings) of unconsolidated businesses, $ -10,000
Accounts receivable $ -1,978,000
Inventories $ 627,000
Prepaid expenses & other assets $ 928,000
Accounts payable & accrued liabilities & other current liabil$ -33,000
Other operating activities, net $ -3,778,000
Net cash flows from operating activities $ 37,141,000
Capital expenditures (including capitalized software) $ -23,087,000
Cash received (paid) related to acquisitions of businesses $ 248,000
Acquisitions of businesses, net of cash acquired -
Acquisitions of wireless licenses $ -3,653,000
Collateral payments related to derivative contracts, net o $ -2,265,000
Proceeds from disposition of business $ 33,000
Other investing activities, net $ 62,000
Net cash flows from investing activities $ -28,662,000
Proceeds from long-term borrowings $ 7,074,000
Proceeds from asset-backed long-term borrowings $ 10,732,000
Net proceeds from (repayments of) short-term commercia $ 106,000
Repayments of long term borrowings & finance lease obli $ -8,616,000
Repayments of asset-backed long-term borrowings $ -4,948,000
Dividends paid $ -10,805,000
Other financing activities, net $ -2,072,000
Net cash flows from financing activities $ -8,529,000
Increase (decrease) in cash, cash equivalents & restricte $ -50,000
Cash, cash equivalents & restricted cash, beginning of pe $ 4,161,000
Cash, cash equivalents & restricted cash, end of period $ 4,111,000
Cash paid for interest, net of amounts capitalized $ 3,316,000
Cash paid for income taxes, net of amounts refunded $ 2,736,000