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

Hans Vestberg

Hans Vestberg

CEO
Lowell C. McAdam

Lowell C. McAdam

Executive Chairman
Tim Armstrong

Tim Armstrong

Chief Executive Officer - Oath
Martin Burvill

Martin Burvill

Senior Vice President and Group President Verizon Business Markets
Eric Cevis

Eric Cevis

Senior Vice President and Group President - Verizon Partner Solutions
Kenneth Dixon

Kenneth Dixon

Senior Vice President & Group President - Consumer Sales & Service
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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 Revenue

Verizon Communications's revenue was reported to be $126.03 b in FY, 2017
USD

Revenue (Q1, 2018)

31.8 b

Gross profit (Q1, 2018)

23.8 b

Gross profit margin (Q1, 2018), %

75%

Net income (Q1, 2018)

4.7 b

EBIT (Q1, 2018)

7.3 b

Market capitalization (18-Jul-2018)

211.3 b

Closing share price (18-Jul-2018)

51.1

Cash (31-Mar-2018)

1.9 b

EV

322.1 b
Verizon Communications's current market capitalization is $211.3 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

127.1 b131.6 b126 b126 b

Revenue growth, %

5%4%(4%)0%

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, 2017Q1, 2018

Revenue

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

Cost of goods sold

12.1 b12.4 b13.3 b12.6 b12.2 b12.2 b11.7 b12.1 b12.6 b7.9 b

Gross profit

19.9 b19.8 b19.9 b19.6 b18.3 b18.7 b18.1 b18.4 b19.1 b23.8 b

Gross profit Margin, %

62%61%60%61%60%60%61%60%60%75%
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, 2017Q1, 2018

Cash

4.4 b3 b3.9 b5.8 b2.9 b6.4 b4.3 b4.6 b4.5 b1.9 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 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, 2017Q1, 2018

Net Income

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

Depreciation and Amortization

4 b8 b12 b4 b8 b11.9 b4.1 b8.2 b12.5 b4.3 b

Cash From Operating Activities

10.2 b18.9 b28.4 b7.5 b12.9 b17.7 b1.7 b9.9 b17.2 b6.6 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)(5.3 b)
USDY, 2018

EV/EBIT

43.8 x

EV/CFO

48.5 x

EV/FCF

153.7 x

Financial Leverage

5.1 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
Niddel January 05, 2018
WideOpenWest - Fiber-Optic Network December 14, 2017$225 m
Straight Path Communications May 11, 2017$3.10 b
Skyward (33)February 16, 2017
LQD WiFi November 24, 2016
Vessel (49)October 26, 2016
Sensity Systems (99)September 12, 2016
FleetMatics August 01, 2016$2.40 b
Yahoo! July 25, 2016$4.83 b
Telogis (637)June 21, 2016
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Verizon Communications Revenue Breakdown

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Verizon Communications revenue breakdown by business segment: 5.4% from Corporate and Other, 70.0% from Wireless and 24.6% from Wireline

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Verizon Communications Online and Social Media Presence

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Verizon Communications Company Life and Culture

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