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)
New York, US
Size (employees)
160,900 (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 495 other locations
New York, US (HQ)
140 West Street

Verizon Communications Metrics

Verizon Communications Financial Metrics

Revenue (2016)

$126 b

Revenue growth (2015-16), %


Gross profit

$96.8 b

Gross profit margin (2016), %


Net income (2016)

$13.6 b

Market capitalization (21-Mar-2017)

$205.1 b

Closing share price (21-Mar-2017)


Cash (31-Dec-2016)

$2.9 b
Verizon Communications's current market capitalization is $205.1 b.
Verizon Communications's revenue was reported to be $126 b in FY, 2016 which is a 4.3% decrease from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016


$120.6 b$127.1 b$131.6 b$126 b

Revenue growth, %


Cost of goods sold

$28.5 b$28.3 b$29.4 b$29.2 b

Gross profit

$92 b$98.8 b$102.2 b$96.8 b

Gross profit Margin, %


Operating expense total

$88.6 b$107.5 b$98.6 b$98.9 b


$32 b$19.6 b$33.1 b$27.1 b

EBIT margin, %


Interest expense

$2.7 b$4.9 b$4.9 b$4.4 b

Pre tax profit

$29.3 b$15.3 b$28.2 b$21 b

Income tax expense

$5.7 b$3.3 b$9.9 b$7.4 b

Net Income

$23.5 b$12 b$18.4 b$13.6 b
Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016


$3.1 b$53.5 b$10.6 b$4.5 b$2.9 b


$1 b$1.2 b$1.3 b$1.2 b

Current Assets

$71 b$29.6 b$22.3 b$26.4 b


$24.6 b$24.6 b$25.3 b$27.2 b

Total Assets

$274.1 b$232.7 b$244.6 b$244.2 b

Total Debt

$89.7 b$110.5 b$103.7 b$105.4 b

Current Liabilities

$27.1 b$28.1 b$35.1 b$30.3 b

Common Stock

$297 m$424 m$424 m$424 m

Total Equity

$95.4 b$13.7 b$17.8 b$24 b

Debt to Equity Ratio

0.9 x8.1 x5.8 x4.4 x

Debt to Assets Ratio

0.3 x0.5 x0.4 x0.4 x

Financial Leverage

2.9 x17 x13.7 x10.2 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$23.5 b$12 b$18.4 b$13.6 b

Accounts Receivable

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


$56 m($132 m)($99 m)$61 m

Cash From Operating Activities

$38.8 b$30.6 b$38.9 b$22.7 b

Capital Expenditures

($16.6 b)($17.2 b)($17.8 b)($17.1 b)

Cash From Investing Activities

($14.8 b)($15.9 b)($30 b)($11 b)

Dividends Paid

($5.9 b)($7.8 b)($8.5 b)($9.3 b)

Free Cash Flow

$55.4 b$47.8 b$56.7 b$39.8 b

Verizon Communications Operating Metrics

Verizon Communications's Connections, wireless was reported to be 114.2 m in FY, 2016. Verizon Communications's Broadband Connections was reported to be 16.9 m in FY, 2016
Y, 2014Y, 2015FY, 2016

Wireless Customers

35.6 m35.7 m

Connections, wireless

114.2 m

Broadband Connections

16.9 m

Verizon Communications Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
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

Verizon Communications Online Presence

Verizon Communications News

Verizon Communications Company Life

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