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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

News

People

Financials

Overview

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

Portfolio Articles

Breadlines? Not Yet.
The only long lines in Manhattan today were for the new $199 BlackBerry Storm.
Nov 21 2008
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

See more news on this company

News Feeds

Final Glance: Telecom companies AP
Nov 21 2008
Hundreds wait at Verizon stores for BlackBerry Storm Reuters
Nov 21 2008
Midday Glance: Telecom companies AP
Nov 21 2008
Early Glance: Telecom companies AP
Nov 21 2008
Verizon to bring FiOS TV to Comcast's hometown AP
Nov 13 2008
Moody's rates Verizon Wireless A2 on deal AP
Nov 13 2008
Disney to provide park navigation by cell phone AP
Nov 12 2008
FairPoint ready to take final step in Verizon deal AP
Nov 12 2008
PSC gives Verizon passing grade Albany
Nov 12 2008
Ahead of the Bell: Microsoft, Verizon AP
Nov 12 2008

Portfolio Blogs

Verizon Employees Caught Snooping on Obama's Phone Records
Nov 21 2008
First Bytes: Dell, Sezmi, Facebook, AP, DOD, Verizon
Nov 21 2008
The Latest Microsoft-Google Front: Verizon
Nov 12 2008

First Bytes: Microsoft, Verizon, Gawker, Technorati, Intel
Nov 12 2008
Last Bytes: Sprint Nextel, Verizon, Dell, Online Ads
Nov 04 2008

Press Releases

Ashland, Massachusetts Residents to Benefit from Verizon Wireless Network Expansion Nov-21-2008, 02:30PM EST
Customers Across the Country Line Up as BlackBerry Storm Blows into Verizon Wireless Communications Stores Nov-21-2008, 02:30PM EST
Cumberland, Rhode Island Residents to Benefit from Verizon Wireless Network Expansion Nov-21-2008, 02:26PM EST
Verizon Donates $25,000 to Aid Victims of Southern California Wildfires Nov-21-2008, 01:40PM EST
Verizon Wireless Turns on Second Northway Cell Site Nov-21-2008, 11:00AM EST

News From Around the Web

News

Verizon Business Offers Managed WAN Services (Information Week)

Nov 22 2008
Verizon's smart phone dials up sellouts in U.S. (Windsor Star, Canada)

Nov 22 2008
Verizon Workers Accessed Obama's Cell Phone (KCSJ-AM 590, Southern Colorado)

Nov 22 2008
Customers Across the Country Line up as BlackBerry Storm Blows Into Verizon Wireless Communications Stores (MarketWatch)

Nov 22 2008
Verizon Figures To Acquire Alltel By Year's End (Information Week)

Nov 22 2008
Study: Cable holds its own in subscriber battle (Newsday)

Nov 21 2008
Verizon Fires Workers For Looking At Obama's Cell Phone Records (Huffington Post)

Nov 21 2008
Verizon fires workers for Obama curiosity (WallSt.net)

Nov 21 2008
Will Verizon Wireless Give Away The BlackBerry Storm For Free? (Information Week)

Nov 21 2008
"Cursed" Congo still shocks and fascinates (The Star, Malaysia)

Nov 21 2008

Blogs

Verizon's FiOS TV expansions: November 22, 2008 (Engadget HD)

Nov 22 2008
Samsung Renown reviewed (Crave: The gadget blog)

Nov 21 2008
BlackBerry Storm Lines Not iPhone Lines, But Still Feisty [BlackBerry] (Gizmodo)

Nov 21 2008
Verizon lands video distribution deal with Velocix (Engadget HD)

Nov 21 2008
Video: The BlackBerry Storm touches down (CNET Gadgets Blog)

Nov 21 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

John W. Diercksen, Executive VP, Divisional

Dennis F. Strigl, President/COO

John G. Stratton, Executive VP/Other Executive Officer

Board of Directors

Hugh B. Price, Director

Joseph Neubauer, Director

Richard L. Carrion, Director

M. Frances Keeth, Director

John R. Stafford, Director

Donald T. Nicolaisen, Director

Sandra O. Moose, Director

John W. Snow, Director

Catherine T. Webster, Senior VP/Treasurer

Clarence Otis, Jr., Director

Thomas H. O'Brien, Director

Robert W. Lane, Director

Financials

Quarterly

Annual

Income Statement	10/2008	07/2008	04/2008	01/2008
Sales	10.05 Bil.	9.47 Bil.	9.52 Bil.	9.8 Bil.
Gross Operating Profit	14.7 Bil.	14.66 Bil.	14.32 Bil.	14.04 Bil.
Operating Income before D & A (EBITDA)	7.82 Bil.	8.13 Bil.	7.92 Bil.	7.09 Bil.
Total Income Before Interest Expenses (EBIT)	4.49 Bil.	4.79 Bil.	4.45 Bil.	3.6 Bil.
Total Net Income	1.67 Bil.	1.88 Bil.	1.64 Bil.	1.07 Bil.
Basic EPS, Total	0.59	0.66	0.57	0.37
Diluted EPS, Total	0.59	0.66	0.57	0.37

BALANCE STATEMENT	10/2008	07/2008	04/2008	01/2008
Cash and Equivalents	696 Mil.	582 Mil.	5.48 Bil.	1.15 Bil.
Total Assets	19.13 Bil.	18 Bil.	22.45 Bil.	18.7 Bil.
Total Liabilities	28.28 Bil.	29.9 Bil.	24.74 Bil.	24.74 Bil.
Total Capitalization	88.43 Bil.	84.66 Bil.	82.41 Bil.	78.78 Bil.

Cash Flow	10/2008	07/2008	04/2008	01/2008
Net Cash From Continuing Operations	19.08 Bil.	12.05 Bil.	5.39 Bil.	26.31 Bil.
Net Cash From Investing Activities	-27.88 Bil.	-22.27 Bil.	-4.82 Bil.	-16.11 Bil.
Net Cash From Financing Activities	8.35 Bil.	9.64 Bil.	3.76 Bil.	-11.7 Bil.
Net Change in Cash & Cash Equivalents	-457 Mil.	-571 Mil.	4.33 Bil.	-2.07 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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