Notes to Consolidated Financial Statements continued (dollars in millions) 2015 Wireless Wireline Total Reportable Segments External Operating Revenues Service $ 70,305 $ $ 70,305 Equipment 16,924 16,924 Other 4,294 4,294 Consumer Markets 12,696 12,696 Enterprise Solutions 9,376 9,376 Partner Solutions 4,228 4,228 Business Markets 3,553 3,553 Other 330 330 Intersegment revenues 157 967 1,124 Total operating revenues 91,680 31,150 122,830 Cost of services 7,803 18,483 26,286 Wireless cost of equipment 23,119 23,119 Selling, general and administrative expense 21,805 7,140 28,945 Depreciation and amortization expense 8,980 6,353 15,333 Total operating expenses 61,707 31,976 93,683 Operating income (loss) $ 29,973 $ (826) $ 29,147 Assets $ 185,405 $ 78,305 $ 263,710 Property, plant and equipment, net 40,911 41,044 81,955 Capital expenditures 11,725 5,049 16,774 Reconciliation to Consolidated Financial Information A reconciliation of the reportable segment operating revenues to consolidated operating revenues is as follows: (dollars in millions) Years Ended December 31, 2017 2016 2015 Operating Revenues Total reportable segments $ 118,191 $ 119,696 $ 122,830 Corporate and other 9,019 5,663 3,738 Reconciling items: Operating results from divested businesses (Note 2) 368 2,115 6,224 Eliminations (1,544) (1,494) (1,172) Consolidated operating revenues $ 126,034 $ 125,980 $ 131,620 Fios revenues are included within our Wireline segment and amounted to approximately $11.7 billion, $11.2 billion, and $10.7 billion for the years ended December 31, 2017, 2016 and 2015, respectively. 94 verizon.com/2017AnnualReport
Previous Page Next Page