Last €41.61 EUR
Change Today -0.345 / -0.82%
Volume 6.4K
As of 12:01 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

verizon communications inc (BAC) Snapshot

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01/23/15 - €43.00
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verizon communications inc (BAC) Details

Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers access to various wireless voice and data services comprising Internet access through smart and basic phones, and notebook computers and tablets; messaging services; and consumer and business focused multimedia applications under Verizon Wireless brand. This segment also provides location-based services; global data services; HomeFusion Broadband, a high-speed Internet service for homes; other connection-related services, such as network access and value added services to support telemetry-type applications; and machine-to-machine services that support devices used in healthcare, manufacturing, utilities, distribution, and consumer products markets, as well as sells smart phones and basic phones, tablets, and other Internet access devices. As of May 15, 2014, it served 103.3 million retail customers. The company’s Wireline segment offers video services over its fiber-optic network; data services comprising high-speed Internet and FiOS broadband data products, as well as local exchange capacity, managed, mobility, and security services; voice services, such as local exchange, regional, long distance, wire maintenance, and voice messaging services, as well as VoIP, and landline and wireless services; and local dial tone and broadband services to local, long distance, and other carriers. This segment also provides networking products and solutions, such as private Internet protocol services, and Ethernet access and ring services; and infrastructure and cloud services. In addition, it offers FiOS Quantum TV service in New York and New Jersey. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is headquartered in New York, New York.

177,300 Employees
Last Reported Date: 01/22/15
Founded in 1983

verizon communications inc (BAC) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.5M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $760.6K
Executive Vice President, Chief Executive Off...
Total Annual Compensation: $880.8K
Executive Vice President and President of Glo...
Total Annual Compensation: $715.4K
Executive Vice President and Strategic Policy...
Total Annual Compensation: $666.2K
Compensation as of Fiscal Year 2013.

verizon communications inc (BAC) Key Developments

Verizon Communications Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Verizon Communications Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating revenues of USD 33,192 million compared to USD 31,065 million a year ago. Operating loss was USD 2,136 million compared to operating income of USD 12,063 million a year ago. Loss before benefit for the income taxes was USD 3,886 million compared to income before benefit for the income taxes of USD 10,760 million a year ago. Net loss attributable to the company was USD 2,231 million compared to net income attributable to the company of USD 5,067 million a year ago. Diluted loss per share attributable to the company was USD 0.54 compared to diluted net income per share of USD 1.76 a year ago. Adjusted EBITDA was USD 9,773 million against USD 10,234 million a year ago. EBITDA was USD 1,932 million against USD 16,246 million a year ago. Adjusted earnings per share were USD 0.71 against USD 0.66 a year ago. Capital expenditure was USD 4.6 billion. For the full year, the company reported operating revenues of USD 127,079 million compared to USD 120,550 million a year ago. Operating income was USD 19,599 million compared to USD 31,968 million a year ago. Income before benefit for the income taxes was USD 15,270 million compared to USD 29,277 million a year ago. Net income was USD 11,956 million compared to USD 23,547 million a year ago. Net income attributable to the company was USD 9,625 million compared to USD 11,497 million a year ago. Diluted income per share attributable to the company was USD 2.42 compared to USD 4.00 a year ago. Net cash provided by operating activities were USD 30,631 million compared to USD 38,818 million a year ago. Capital expenditures were USD 17,191 million compared to USD 16,604 million a year ago. Adjusted operating revenues were USD 126,823 million against USD 119,951 million a year ago. Net Debt was USD 102,673 million as on December 31, 2014 against USD 40,063 million as on December 31, 2013. Adjusted earnings per share were USD 3.35 against USD 2.84 a year ago. Consolidated adjusted EBITDA was USD 43.3 billion in 2014, an increase of 2.9%. The company provided consolidated earnings guidance for the year 2015. For the year, the company expects consolidated revenue growth of at least 4%, sustained profitability with a consolidated adjusted EBITDA margin at a level consistent with full-year 2014 performance. The company expected strong free cash flow generation with consolidated capital spending of between USD 17.5 billion and USD 18.0 billion. The company expected an increase in total cash income taxes, with an expected effective tax rate for book purposes in the range of 34% to 36%.

Verizon Communications Inc. Announces Board Changes

On January 9, 2015, Robert W. Lane, a member of the Board of Directors of Verizon Communications Inc. indicated that he will not stand for re-election when his term expires at the company's 2015 Annual Meeting of Shareholders on May 7, 2015.

Verizon and Synacor Launch New Startpage and Video Search and Discovery Products for Verizon's FiOS TV Subscribers

Verizon and Synacor launched new startpage and video search and discovery products for Verizon's FiOS TV subscribers. Verizon FiOS is a bundled Internet access, telephone, and television service. Through Synacor's technology, FiOS customers can use their smartphone or tablet to search and discover live or video on-demand TV.


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