Verizon Communications, Incorporated (VZ)
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Ivan G. Seidenberg, Chairman of the Board/CEO/Director
140 West Street
New York, NY 10007
US
Map it ![]()
Phone: (212) 395-1000
Fax: (212) 571-1897
Latest news from Portfolio
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Google Holds Up "V" SignAug 22 2008
-
Stairway SurpriseJun 16 2008
-
Deal DumpJun 05 2008
-
We're Watching YouMay 14 2008
-
Cable's Fast Last MileMay 08 2008
Overview
The Company provides communications services through two reportable segments, Wireline and Domestic Wireless.
Portfolio Articles
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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
News Feeds
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Final Glance: Telecom companies
AP
Sep 05 2008
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Midday Glance: Telecom companies
AP
Sep 05 2008
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Early Glance: Telecom companies
AP
Sep 05 2008
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Verizon boosts regular dividend by 3 cents
AP
Sep 04 2008
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FairPoint names Alfred Giammarino CFO
AP
Sep 04 2008
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Verizon extends Internet portal deal with Yahoo
AP
Sep 03 2008
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Verizon's new cell site serves ABQ's SE Heights
Albuquerque
Aug 27 2008
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Verizon and LG sued over visual voicemail patent
AP
Aug 27 2008
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Inventor sues Google, Verizon, others on voicemail
Reuters
Aug 26 2008
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Verizon, Google close to mobile search deal: report
Reuters
Aug 22 2008
Portfolio Blogs
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Last Bytes: Google, Mozilla, Apple, Yahoo
Sep 03 2008
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Bob Rice Blogs: AT&T v. Verizon. Who's the Pawn?
Aug 28 2008
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Verizon's Anti-iPhone Campaign
Aug 25 2008
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VZ Wireless Usage Controls -- For $4.99 a Month
Aug 25 2008
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Last Bytes: Intel, Verizon, Olympics, Google
Aug 22 2008
Press Releases
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Republican National Convention Delegates Drive Record Data Usage on Verizon Wireless Network Sep-05-2008, 03:07PM EDT
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Nation's Most Reliable Wireless Network Prepared for Hyperactive Hurricane Season Sep-05-2008, 03:07PM EDT
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Verizon Wireless' Post-Gustav Test Drive Results Show Company Leading With Best Network Sep-05-2008, 02:05PM EDT
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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
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Sep 06 2008
-
Inventor Sues Google, Verizon, Others On 'Visual Voicemail'
(Information Week)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 -
Review: Verizon's V CAST With Rhapsody Music Service
(Information Week)Sep 06 2008 -
Go Ahead, Try To Break It
(Hartford Courant)Sep 06 2008 -
Sep 06 2008
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Verizon Wireless Blitz
(Zdnet)Sep 06 2008 -
Neighbors protest Verizon cell tower plans
(NBC 12 Phoenix (KPNX))Sep 06 2008 -
Smartphone Apps For The Rest Of Us
(Information Week)Sep 06 2008
Blogs
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LG VX9600 for Verizon Wireless Revealed on FCC Site
(Phone Scoop)Sep 05 2008 -
Sponsor Thanks [Announcements]
(Gizmodo)Sep 05 2008 -
Sep 04 2008
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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
Board of Directors
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. |
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