Verizon Communications, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States. The Wireline segment offers voice, data and video communications products and services, such as broadband video, data center and cloud services, security and managed network services, and local and long distance voice services.

Type
Public
HQ
New York, US
Founded
1983
Size (employees)
160,100 (est)
Verizon Communications was founded in 1983 and is headquartered in New York, US
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Key People/Management at Verizon Communications

Lowell McAdam

Lowell McAdam

Chairman and Chief Executive Officer
Craig Silliman

Craig Silliman

Executive Vice President – Public Policy and General Counsel
John Stratton

John Stratton

Executive Vice President and President of Global Operations
Ronan Dunne

Ronan Dunne

Executive Vice President and Group President of Verizon Wireless
Tami Erwin

Tami Erwin

Executive Vice President - Wireless Operations
George Fischer

George Fischer

Senior Vice President and Group President – Verizon Enterprise Solutions
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Verizon Communications Office Locations

Verizon Communications has offices in North Ryde, Germantown, Waterloo, Oklahoma City and in 487 other locations
New York, US (HQ)
1095 Avenue of the Americas
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Verizon Communications Financials and Metrics

Verizon Communications Financials

Verizon Communications's revenue was reported to be $125.98 b in FY, 2016 which is a 4.3% decrease from the previous period.
USD

Revenue (Q3, 2017)

31.7 b

Gross profit (Q3, 2017)

19.1 b

Gross profit margin (Q3, 2017), %

60.3%

Net income (Q3, 2017)

3.7 b

EBIT (Q3, 2017)

7.2 b

Market capitalization (20-Apr-2018)

195.9 b

Cash (30-Sep-2017)

4.5 b

EV

308.9 b
Verizon Communications's current market capitalization is $195.9 b.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

127.1 b131.6 b126 b

Revenue growth, %

5%4%(4%)

Cost of goods sold

49.7 b52.6 b51.4 b

Gross profit

77.4 b79.1 b74.6 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

32 b32.2 b33.2 b32.2 b30.5 b30.9 b29.8 b30.5 b31.7 b

Cost of goods sold

12.1 b12.4 b13.3 b12.6 b12.2 b12.2 b11.7 b12.1 b12.6 b

Gross profit

19.9 b19.8 b19.9 b19.6 b18.3 b18.7 b18.1 b18.4 b19.1 b

Gross profit Margin, %

62%61%60%61%60%60%61%60%60%
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

10.6 b4.5 b2.9 b

Accounts Receivable

14 b13.5 b17.5 b

Prepaid Expenses

2.6 b2 b3.9 b

Inventories

1.2 b1.3 b1.2 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

4.4 b3 b3.9 b5.8 b2.9 b6.4 b4.3 b4.6 b4.5 b

Accounts Receivable

12.7 b13.4 b13.1 b12.5 b13.3 b14.8 b16.9 b19.8 b21.5 b

Prepaid Expenses

3.2 b2.8 b2.3 b3.4 b3.4 b3 b4.6 b3.4 b3.3 b

Inventories

1.1 b1.1 b1.3 b1.1 b931 m1.3 b1.2 b1.1 b1.3 b
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

12 b18.4 b13.6 b

Depreciation and Amortization

16.5 b16 b15.9 b

Inventories

(132 m)(99 m)61 m

Accounts Payable

1.4 b2.5 b(1.1 b)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

4.3 b8.7 b12.9 b4.4 b5.3 b9 b3.6 b8 b11.8 b

Depreciation and Amortization

4 b8 b12 b4 b8 b11.9 b4.1 b8.2 b12.5 b

Cash From Operating Activities

10.2 b18.9 b28.4 b7.5 b12.9 b17.7 b1.7 b9.9 b17.2 b

Cash From Investing Activities

(13.2 b)(20.2 b)(24.6 b)(3.4 b)2.7 b(2.5 b)(4.8 b)(9.9 b)(13.7 b)
USDY, 2017

EV/EBIT

42.9 x

EV/CFO

17.9 x

EV/FCF

52 x

Revenue/Employee

198.1 k

Debt/Equity

4.1 x

Debt/Assets

0.5 x

Financial Leverage

9 x
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Verizon Communications Operating Metrics

Verizon Communications's Connections, wireless was reported to be 115.3 m in Q3, 2017.
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Verizon Communications Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
MCI Communications Corporation
Verizon Virginia LLC
GTE LLC
Verizon Business Global LLC
Cellco Partnership
Bell Atlantic Mobile Systems LLC
Verizon Maryland LLC
GTE Wireless LLC
Verizon Americas Inc.
Verizon Pennsylvania LLC
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