Vonderours Verizon

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Verizon is an interesting creature for me to follow. I watch their finances and just find them curious.

On the surface they are a delightfully profitable company generating about $13 Billion a year in net income. (Down about 25% per share over the last several years.)

You would expect such a company to use its cash to vertically integrate and to grow. But their income is relatively flat, their profit margins are up and down but mostly flat.

What I find so very curious is that their total assets are declining by about $10 Billion a year (over the last three years.) Their long-term debt has grown by about $5 Billion a year, annually over the past three years.

The most curious thing is that Verizon put about $5 Billion a year of assets on its books as

Colin Berkshire