Verizon Communications Inc. (N:VZ)
Business Focus: N/A
| Sector: Technology | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1095 Avenue Of The Americas NEW YORK NY 10036 |
| Tel: | N/A |
| Website: | https://www.verizon.com |
| IR: | See website |
| Key People | ||
| Hans Erik Vestberg Chairman of the Board, Chief Executive Officer | Mary-Lee Stillwell Senior Vice President, Controller | Anthony T. Skiadas Chief Financial Officer, Executive Vice President |
| Samantha Hammock Chief Human Resource Officer, Executive Vice President | Kyle Malady Executive Vice President and Group CEO - Verizon Business | Joe Russo Executive Vice President and President - Global Networks and Technology |
| Sowmyanarayan Sampath Executive Vice President and CEO of Verizon Consumer | Stacy Sharpe Executive Vice President, Chief Communications Officer | Craig L. Silliman Executive Vice President and President - Verizon Global Services | Vandana Venkatesh Executive Vice President and Chief Legal Officer |
| Business Overview |
| Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its reportable segments are Verizon Consumer Group and Verizon Business Group. Its Consumer segment provides wireless and wireline communications services. Its wireless services are provided across wireless networks in the United States (U.S.) under the Verizon brands. Its wireline services are provided in nine states in the Mid-Atlantic and Northeastern U.S., as well as Washington D.C., over its fiber-optic network under the Fios brand and over a traditional copper-based network. Its Business segment provides wireless and wireline communications services and products, including data, video and conferencing services, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things services and products. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Verizon Communications Inc. revenues decreased 2% to $133.97B. Net income decreased 45% to $11.61B. Revenues reflect Consumer segment decrease of 2% to $101.63B, Business segment decrease of 3% to $30.12B, Corporate And Other segment decrease of 1% to $2.48B. Net income also reflects Business segment income decrease of 21% to $2.07B. Dividend per share increased from $2.57 to $2.62. |
| Employees: | 105,400 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $317,242M as of Dec 31, 2023 |
| Annual revenue (TTM): | $133,974M as of Dec 31, 2023 |
| EBITDA (TTM): | $47,789M as of Dec 31, 2023 |
| Net annual income (TTM): | $11,614M as of Dec 31, 2023 |
| Free cash flow (TTM): | $1,887M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $148,609M as of Dec 31, 2023 |
| Shares outstanding: | 4,204,272,443 as of Jan 31, 2024 |
| Index Membership: | S&P 500, Dow Industry |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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