Financial Statement Analysis Essay Assignment
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Financial Statement Analysis Essay Assignment
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).
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
Financial Fact Strength Weakness Income Statements · Revenues
· operating income
· net income
· . ·
· Balance sheets · total assets
· total current assets
· total current liabilities
· long-term debt
· total shareholders’ equity
· · .
· .
·
· Common size income statements · gross margin
· operating income margin
· net profit margin
· · . ·
Common size balance sheets · total current assets as a percent (%) of total assets
· total current liabilities as a percent (%) of total assets
· long-term debt as percent (%) of total assets
· total shareholders’ equity as a percent (%) of total assets
· . · ·
Cash flow · 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
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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