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Verizon Communications, Incorporated (VZ)

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Ivan G. Seidenberg , Chairman of the Board/CEO/Director

www.verizon.com

Industry: Telecomm

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Overview

The Company provides communications services through two reportable segments, Wireline and Domestic Wireless.

Portfolio Articles

Google Holds Up "V" Sign
A search deal with Verizon is said to be near.
Aug 22 2008
Stairway Surprise
A back-of-the-napkin analysis of the lifetime worth of the most requested rock tune in history.
Jun 16 2008
Deal Dump
Why an Alltel sale may just be the beginning.
Jun 05 2008
We're Watching You
Charter Communications' beta program to share customers' web histories with ad networks.
May 14 2008
Cable's Fast Last Mile
Yep, Verizon FiOS is better than cable. Too bad that doesn't matter.
May 08 2008

See more news on this company

News Feeds

Final Glance: Telecom companies AP
Sep 05 2008
Midday Glance: Telecom companies AP
Sep 05 2008
Early Glance: Telecom companies AP
Sep 05 2008
Verizon boosts regular dividend by 3 cents AP
Sep 04 2008
FairPoint names Alfred Giammarino CFO AP
Sep 04 2008
Verizon extends Internet portal deal with Yahoo AP
Sep 03 2008
Verizon's new cell site serves ABQ's SE Heights Albuquerque
Aug 27 2008
Verizon and LG sued over visual voicemail patent AP
Aug 27 2008
Inventor sues Google, Verizon, others on voicemail Reuters
Aug 26 2008
Verizon, Google close to mobile search deal: report Reuters
Aug 22 2008

Portfolio Blogs

Last Bytes: Google, Mozilla, Apple, Yahoo
Sep 03 2008
Bob Rice Blogs: AT&T v. Verizon. Who's the Pawn?
Aug 28 2008
Verizon's Anti-iPhone Campaign
Aug 25 2008

VZ Wireless Usage Controls -- For $4.99 a Month
Aug 25 2008
Last Bytes: Intel, Verizon, Olympics, Google
Aug 22 2008

Press Releases

Republican National Convention Delegates Drive Record Data Usage on Verizon Wireless Network Sep-05-2008, 03:07PM EDT
Nation's Most Reliable Wireless Network Prepared for Hyperactive Hurricane Season Sep-05-2008, 03:07PM EDT
Verizon Wireless Ranks Highest in Call Quality in the New England Region in J.D. Power and Associates Call Quality Study Volume 2 Sep-05-2008, 02:21PM EDT
Verizon Wireless' Post-Gustav Test Drive Results Show Company Leading With Best Network Sep-05-2008, 02:05PM EDT
How Sweet The Sound Seeks Atlanta's Best Choir and No-Longer-Used Wireless Phones Sep-05-2008, 11:19AM EDT

News From Around the Web

News

Security Breach: More Laws Needed. Let's Add Health Care (Information Week)

Sep 07 2008
Between the Lines (Times Argus)

Sep 07 2008
Bad reception calls for stealth cellular towers (Press of Atlantic City)

Sep 07 2008
Ignore request for credit card information (Morning Call)

Sep 07 2008
Verizon Unions Set Sunday Deadline For Labor Talks (Information Week)

Sep 06 2008
Verizon's PR Czar Responds To Whistle-Blower RE: 30K Missing HDTVs (Information Week)

Sep 06 2008
Verizon Network Performs Well Under Hanna's Soaking (Examiner)

Sep 06 2008
Most Security Breaches Go Unreported (Information Week)

Sep 06 2008
Verizon, Unions Reach Agreement On Three-Year Contract (Information Week)

Sep 06 2008
Verizon Wireless Ranks Highest in Call Quality in the New England Region in J.D. Power and Associates Call Quality Study Volume 2 (TMCnet.com)

Sep 06 2008

Blogs

LG VX9600 for Verizon Wireless Revealed on FCC Site (Phone Scoop)

Sep 05 2008
Sponsor Thanks [Announcements] (Gizmodo)

Sep 05 2008
The BlackBerry Storm Should Launch on Verizon in November [Blackberry Storm] (Gizmodo)

Sep 04 2008
First Friday Fireworks/First Saturday on the River - Cancelled (The Creative Coast Initiative)

Sep 04 2008
St. Paul Scoop: Daughtry Rocks RIAA Party (Tech Daily Dose)

Sep 04 2008

Employees

Number of Employees: 235,000

Revenue per Employee: $371,004

Top Executives

Thomas A. Bartlett, Senior VP/Controller

Doreen A. Toben, Executive VP/CFO

Thomas J. Tauke, Executive VP, Divisional

Virginia P. Ruesterholz, President, Divisional

Lowell C. McAdam, President, Subsidiary/CEO, Subsidiary/Executive VP, Subsidiary

Marc C. Reed, Executive VP, Divisional

Richard J. Lynch, Chief Technology Officer/Executive VP

Shaygan Kheradpir, Executive VP/Chief Information Officer

William P. Barr, Executive VP/General Counsel

John F. Killian, President, Divisional

Catherine T. Webster, Senior VP/Treasurer

Dennis F. Strigl, President/COO

John W. Diercksen, Executive VP, Divisional

John G. Stratton, Executive VP/Other Executive Officer

Board of Directors

Hugh B. Price, Director

Joseph Neubauer, Director

M. Frances Keeth, Director

Richard L. Carrion, Director

John R. Stafford, Director

Donald T. Nicolaisen, Director

John W. Snow, Director

Robert W. Lane, Director

Clarence Otis, Jr., Director

Walter V. Shipley, Director

Sandra O. Moose, Director

Catherine T. Webster, Senior VP/Treasurer

Thomas H. O'Brien, Director

Financials

Quarterly

Annual

Income Statement	07/2008	04/2008	01/2008	10/2007
Sales	9.47 Bil.	9.52 Bil.	9.8 Bil.	9.61 Bil.
Gross Operating Profit	14.66 Bil.	14.32 Bil.	14.04 Bil.	14.16 Bil.
Operating Income before D & A (EBITDA)	8.13 Bil.	7.92 Bil.	7.09 Bil.	7.82 Bil.
Total Income Before Interest Expenses (EBIT)	4.79 Bil.	4.45 Bil.	3.6 Bil.	4.41 Bil.
Total Net Income	1.88 Bil.	1.64 Bil.	1.07 Bil.	1.27 Bil.
Basic EPS, Total	0.66	0.57	0.37	0.44
Diluted EPS, Total	0.66	0.57	0.37	0.44

BALANCE STATEMENT	07/2008	04/2008	01/2008	10/2007
Cash and Equivalents	582 Mil.	5.48 Bil.	1.15 Bil.	715 Mil.
Total Assets	18 Bil.	22.45 Bil.	18.7 Bil.	17.04 Bil.
Total Liabilities	29.9 Bil.	24.74 Bil.	24.74 Bil.	24.16 Bil.
Total Capitalization	84.66 Bil.	82.41 Bil.	78.78 Bil.	79.07 Bil.

Cash Flow	07/2008	04/2008	01/2008	10/2007
Net Cash From Continuing Operations	12.05 Bil.	5.39 Bil.	26.31 Bil.	18.02 Bil.
Net Cash From Investing Activities	-22.27 Bil.	-4.82 Bil.	-16.11 Bil.	-10.48 Bil.
Net Cash From Financing Activities	9.64 Bil.	3.76 Bil.	-11.7 Bil.	-9.47 Bil.
Net Change in Cash & Cash Equivalents	-571 Mil.	4.33 Bil.	-2.07 Bil.	-2.5 Bil.

Income Statement	2008	2007	2006	2005
Sales	37.55 Bil.	34.99 Bil.	25.47 Bil.	23.17 Bil.
Gross Operating Profit	55.92 Bil.	53.15 Bil.	49.64 Bil.	48.12 Bil.
Operating Income before D & A (EBITDA)	29.96 Bil.	27.92 Bil.	28.33 Bil.	27.03 Bil.
Total Income Before Interest Expenses (EBIT)	16.37 Bil.	14.54 Bil.	15.83 Bil.	14.9 Bil.
Total Net Income	5.52 Bil.	6.2 Bil.	7.4 Bil.	7.83 Bil.
Basic EPS, Total	1.9	2.13	2.67	2.83
Diluted EPS, Total	1.9	2.15	2.65	2.79

BALANCE STATEMENT	2008	2007	2006	2005
Cash and Equivalents	1.15 Bil.	3.22 Bil.	776 Mil.	2.29 Bil.
Total Assets	18.7 Bil.	22.54 Bil.	16.45 Bil.	19.48 Bil.
Total Liabilities	24.74 Bil.	32.28 Bil.	25.06 Bil.	23.13 Bil.
Total Capitalization	78.78 Bil.	77.18 Bil.	71.55 Bil.	73.23 Bil.

Cash Flow	2008	2007	2006	2005
Net Cash From Continuing Operations	26.31 Bil.	22.49 Bil.	22.01 Bil.	21.82 Bil.
Net Cash From Investing Activities	-16.11 Bil.	-15.62 Bil.	-18.49 Bil.	-10.34 Bil.
Net Cash From Financing Activities	-11.7 Bil.	-6.03 Bil.	-5.03 Bil.	-9.86 Bil.
Net Change in Cash & Cash Equivalents	-2.07 Bil.	2.46 Bil.	-1.51 Bil.	1.62 Bil.

Verizon Communications, Incorporated (VZ)

Company Information

Overview

Employees

Top Executives

Board of Directors

Financials

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