Verizon Communications, Inc. – Company Information

Verizon Communications, Inc. – Company Overview

Company Verizon Communications, Inc.
Headquarters 1095 Avenue of the Americas, New York, New York, USA
CEO Lowell C. McAdam
CFO Francis J. Shammo
Industry Telecommunications
Type Public
Formed 2000
NYSE stock symbol VZ
Operating Revenue $131,620 million USD (2015)
Operating income $33,060 million USD (2015)
Net income $18,375 million USD (2015)
Employees 177,700 (2015)
Contact number 1-800-922-0204
IR email address A list of IR email addresses can be found here

Verizon Communications is an American broadband and telecommunications company based in New York City. It is the second largest telecom company in the US, after AT&T.

The company provides a range of¬†communications, information, and entertainment products and services. It operates one of¬†America’s largest 4G LTE networks and one of the largest high-speed 3G networks. Verizon also has a prominent market position in offering fiber-optic network solutions for homes.

The company is comprised of two main strategic business segments: Wireless and Wireline.

Wireless – this segment’s¬†products and services include¬†wireless voice and data services and equipment sales to customers in the United States.

Wireline Рfocuses on broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services and local and long distance voice services. It provides these services to customers in the United States and in more than 150 other countries worldwide.

Verizon is formerly known as Bell Atlantic Corporation, which was incorporated in 1983 under the laws of the State of Delaware. It started doing business as Verizon Communications in 2000 following a US$64.7 billion merger of Bell Atlantic and GTE.

It is publicly listed on the New York Stock Exchange (NYSE), under the stock ticker symbol ‘VZ’.

Verizon Communications, Inc. –¬†Financial Results

Key Figures (in $ millions) 2015* 2014*
Operating Revenues $131,620 $127,079
Operating Expenses $98,560 $107,480
Operating Income $33,060 $19,599
Income Before Provision For Income Taxes $28,240 $15,270
Net Income $18,375 $11,956
Total Assets $244,640 $232,616
Cash and cash equivalents, beginning of period $10,598 $53,528
Cash and cash equivalents, end of period $4,470 $10,598

*Years Ended December 31, 2015 and 2014

Source: “Verizon Communications, Inc. – 2015 Form 10-K”

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