VERIZON COMMUNICATIONS INC | 2013 | FY | 3


Note 15

Additional Financial Information

The tables that follow provide additional financial information related to our consolidated financial statements:

Income Statement Information

     (dollars in millions)  
Years Ended December 31,    2013     2012     2011  

Depreciation expense

   $   15,019     $   14,920     $   14,991  

Interest costs on debt balances

     3,421       2,977       3,269  

Capitalized interest costs

     (754     (406     (442

Advertising expense

     2,438       2,381       2,523  

Balance Sheet Information

     (dollars in millions)  
At December 31,    2013      2012  

Accounts Payable and Accrued Liabilities

     

Accounts payable

   $ 4,954       $ 4,454  

Accrued expenses

     3,954         4,529  

Accrued vacation, salaries and wages

     4,790         5,006  

Interest payable

     1,199         632  

Taxes payable

     1,556         1,561  
  

 

 

 
   $   16,453       $   16,182  
  

 

 

 

Other Current Liabilities

     

Advance billings and customer deposits

   $ 2,829       $ 3,554  

Dividends payable

     1,539         1,494  

Other

     2,296         1,357  
  

 

 

 
   $ 6,664       $ 6,405  
  

 

 

 

Cash Flow Information

     (dollars in millions)  
Years Ended December 31,    2013      2012      2011  

Cash Paid

  

Interest, net of amounts capitalized

   $   2,122      $   1,971      $   2,629  

Common stock has been used from time to time to satisfy some of the funding requirements of employee and shareowner plans, including 24.6 million common shares issued from Treasury stock during 2012, related to dividend payments, which had an aggregate value of $1.0 billion.


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