Verizon Communications

Verizon Communications is a broadband and telecommunications company operating 4G LTE network, 3G network, and information and entertainment services. Every day, we connect millions of people, companies and communities with our powerful technology. We’re using our award-winning network to make breakthroughs in interactive entertainment, digital media, the Internet of Things and broadband services for customers. Whatever the future looks like, whatever the digital world promises, we will deliver.

Company Growth (employees)
Type
Public
HQ
New York, US
Founded
1983
Size (employees)
161,000 (est)
Verizon Communications was founded in 1983 and is headquartered in New York, US

Key People at Verizon Communications

Lowell McAdam

Lowell McAdam

Chairman & Chief Executive Officer
Roy Chestnutt

Roy Chestnutt

Executive Vice President & Chief Strategy Officer
Matthew Ellis

Matthew Ellis

Executive Vice President & Chief Financial Officer
James Gerace

James Gerace

Chief Communications Officer
Roger Gurnani

Roger Gurnani

Executive Vice President, Chief Information & Technology Architect
Marc Reed

Marc Reed

Executive Vice President & Chief Administrative Officer
Diego Scotti

Diego Scotti

Executive Vice President & Chief Marketing Officer
John Stratton

John Stratton

Executive Vice President & President of Operations
Marni Walden

Marni Walden

Executive Vice President, President of Product Innovation & New Businesses
Craig Silliman

Craig Silliman

Executive Vice President for Public Policy & General Counsel
Ronan Dunne

Ronan Dunne

Executive Vice President and Group President
Robert Mudge

Robert Mudge

Executive Vice President for Strategic Initiatives
Tami Erwin

Tami Erwin

Executive Vice President of Wireless Operations
George Fischer

George Fischer

Senior Vice President and Group President for Verizon Enterprise Solutions
David Small

David Small

Executive Vice President for Wireline Network Operations

Verizon Communications Office Locations

Verizon Communications has offices in New York, Oklahoma City, Wilmington, Alexandria and in 478 other locations
New York, US (HQ)
140 West Street
Show all (483)

Verizon Communications Data and Metrics

Verizon Communications Financial Metrics

Verizon Communications's revenue was reported to be $29.8 b in Q1, 2017
USD

Revenue (Q1, 2017)

29.8 b

Gross profit (Q1, 2017)

23 b

Gross profit margin (Q1, 2017), %

77%

Net income (Q1, 2017)

3.6 b

EBIT (Q1, 2017)

7.2 b

Market capitalization (21-Sep-2017)

200 b

Cash (31-Mar-2017)

4.3 b
Verizon Communications's current market capitalization is $200 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

120.6 b127.1 b131.6 b126 b

Revenue growth, %

5%4%(4%)

Cost of goods sold

28.5 b28.3 b29.4 b29.2 b

Gross profit

92 b98.8 b102.2 b96.8 b
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

31.5 b31.6 b32 b32.2 b33.2 b32.2 b30.5 b30.9 b29.8 b

Cost of goods sold

7 b7.6 b7.6 b7.6 b7 b6.9 b

Gross profit

25.2 b25.6 b24.6 b23 b23.9 b23 b

Gross profit Margin, %

78%77%76%75%77%77%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

53.5 b10.6 b4.5 b2.9 b

Inventories

1 b1.2 b1.3 b1.2 b

Current Assets

71 b29.6 b22.3 b26.4 b

Goodwill

24.6 b24.6 b25.3 b27.2 b
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

5.8 b7.2 b4.4 b3 b3.9 b5.8 b2.9 b6.4 b4.3 b

Inventories

1.1 b1.2 b1.1 b1.1 b1.3 b1.1 b931 m1.3 b1.2 b

Current Assets

22.9 b24.8 b22.8 b21.5 b21.8 b23.6 b20.8 b25.6 b27.2 b

Goodwill

24.7 b24.6 b23.3 b25.4 b25.1 b25.4 b25.4 b26 b27.6 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

23.5 b12 b18.4 b13.6 b

Depreciation and Amortization

15.9 b

Accounts Receivable

(843 m)(2.7 b)(945 m)(5.1 b)

Inventories

56 m(132 m)(99 m)61 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

4.3 b3.8 b4.3 b4.4 b4.2 b4.4 b831 m3.7 b3.6 b

Depreciation and Amortization

4.2 b4.2 b4 b

Inventories

1.1 b1.3 b1.1 b931 m1.3 b1.2 b
USDY, 2017

Revenue/Employee

185.3 k

Financial Leverage

9.9 x
Show all financial metrics

Verizon Communications Operating Metrics

Verizon Communications's Connections, wireless was reported to be 114.2 m in FY, 2016, which is a 2% increase from the previous period
FY, 2014FY, 2015FY, 2016

Markets

400500500

Towers

11.3 k11.3 k11.3 k

Fiber Route Miles

800800 k800 k

Broadband Connections

19.8 m20.5 m16.9 m
Show all operating metrics

Verizon Communications Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Verizon New Jersey Inc.
Cellco Partnership
Bell Atlantic Mobile Systems LLC
Verizon Maryland LLC
GTE Wireless LLC
Verizon Americas Inc.
Verizon Pennsylvania LLC
Verizon New York Inc.
Verizon Business Global LLC
MCI Communications Corporation
GTE LLC
Verizon Virginia LLC
Verizon New England Inc.
Verizon Delaware LLC
SkywardFebruary 16, 2017
VesselOctober 26, 2016
Sensity SystemsSeptember 12, 2016
FleetMaticsAugust 01, 2016$2.4 b
Yahoo!July 25, 2016$4.8 b
TelogisJune 21, 2016
ComplexApril 18, 2016$250 m
VoliconMarch 16, 2016
XO CommunicationsFebruary 22, 2016$1.8 b
AOLMay 12, 2015$4.4 b
EdgeCast NetworksDecember 09, 2013$350 m
UpLynkNovember 13, 2013
Hughes TelematicsJune 01, 2012
CloudSwitchAugust 25, 2011
Terremark WorldwideJanuary 27, 2011
AlltelJune 05, 2008

Verizon Communications Market Value History

Verizon Communications Revenue Breakdown

Verizon Communications Job Categories

Traffic Overview of Verizon Communications

Verizon Communications Online and Social Media Presence

Verizon Communications News and Updates

Sprint and T-Mobile reach ‘major breakthrough’ in merger talks

(Reuters) — T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with Sprint Corp, people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers. The transaction would significantly consolidate the U.S.…

Yahoo ordered to pay $5.5 million for busting March Madness deal

(Reuters) — Yahoo Inc owes a prize promoter $5.5 million for backing out of a contract to pay $1 billion for predicting every winner in the 2014 NCAA men’s basketball tournament, and entering a similar contract with Quicken Loans Inc and Warren Buffett’s Berkshire Hathaway Inc, a court decided on Mo…

Tech companies urge U.S. Supreme Court to boost cellphone privacy

(Reuters) — More than a dozen high technology companies and the biggest wireless operator in the United States, Verizon Communications Inc, have called on the U.S. Supreme Court to make it harder for government officials to access individuals’ sensitive cellphone data. The companies filed a 44-page …

Verizon Q2 meets on $0.96 EPS, sales down 2% YOY, plans $1B in ‘synergies’ in Oath

 Verizon Communications has been investing in building out new areas of business like media and wireless services to offset declines in legacy products like fixed telephony, and today it released Q2 results that underscored that strategy. Verizon reported adjusted earnings per share of $0.96 (with G…

U.S. Supreme Court to rule on whether police should require warrants to obtain cellphone location data on suspects

(Reuters) — Police officers for the first time could be required to obtain warrants to get data on the past locations of criminal suspects based on cellphone use under a major case on privacy rights in the digital age taken up by the U.S. Supreme Court on Monday. The justices agreed to hear an appea…

Verizon beats AT&T to acquire wireless spectrum holder Straight Path for $3.1 billion

(Reuters) — Verizon Communications, the No.1 U.S. wireless carrier, is buying wireless spectrum holder Straight Path Communications for an enterprise value of about $3.1 billion, ending a bidding war with rival AT&T. The $184 per share all-stock offer represents a discount of 17.8 percent to Str…
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Verizon Communications Company Life and Culture

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