Verizon Communications Files 8-K on Financials
Ticker: VZ · Form: 8-K · Filed: Apr 22, 2024 · CIK: 732712
| Field | Detail |
|---|---|
| Company | Verizon Communications Inc (VZ) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | low |
| Pages | 8 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, debt, 8-k
TL;DR
Verizon dropped an 8-K detailing its financials and debt notes.
AI Summary
Verizon Communications Inc. filed an 8-K on April 22, 2024, to report results of operations and financial condition, along with financial statements and exhibits. The filing includes details on various debt instruments, such as A4.073% Notes due 2024 and A0.875% Notes due 2025, indicating ongoing financial activities and debt management.
Why It Matters
This filing provides insight into Verizon's current financial health and debt structure, which can influence investor decisions and credit ratings.
Risk Assessment
Risk Level: low — This is a routine financial filing (8-K) that provides standard disclosures and does not indicate any immediate or unusual risks.
Key Numbers
- 2024 — Note Maturity Year (Indicates upcoming debt obligations.)
- 2025 — Note Maturity Year (Indicates upcoming debt obligations.)
- 2026 — Note Maturity Year (Indicates upcoming debt obligations.)
Key Players & Entities
- VERIZON COMMUNICATIONS INC (company) — Filer
- 0000732712 (company) — Central Index Key
- 20240422 (date) — Filing Date
- A4.073% Notes due 2024 (dollar_amount) — Debt Instrument
- A0.875% Notes due 2025 (dollar_amount) — Debt Instrument
FAQ
What specific financial results are being reported in this 8-K?
The 8-K indicates it is reporting 'Results of Operations and Financial Condition' and includes 'Financial Statements and Exhibits', but the specific figures are not detailed in the provided text.
What is the total value of the debt instruments mentioned?
The provided text lists various debt instruments with their coupon rates and maturity dates (e.g., A4.073% Notes due 2024), but the principal amounts are not specified.
When was Verizon Communications Inc. previously known as BELL ATLANTIC CORP?
The company's name changed from BELL ATLANTIC CORP on July 3, 1992.
What is Verizon's Standard Industrial Classification code?
Verizon's SIC code is 4813, categorized under TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE).
What is the exchange where Verizon's common stock is listed?
Verizon's common stock is listed on the NYSE (exch:XNYM) and NASDAQ (exch:XNGS).
Filing Stats: 2,277 words · 9 min read · ~8 pages · Grade level 13.6 · Accepted 2024-04-22 07:01:11
Key Financial Figures
- $0.10 — ich Registered Common Stock, par value $0.10 VZ New York Stock Exchange Common Stoc
Filing Documents
- vz-20240422.htm (8-K) — 96KB
- a2024q1exhibit991.htm (EX-99.1) — 785KB
- a2024q1exhibit992.htm (EX-99.2) — 360KB
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- chart-e831c54183a74016b08a.jpg (GRAPHIC) — 28KB
- chart-f9ba8b424090434093ba.jpg (GRAPHIC) — 27KB
- coverpage.jpg (GRAPHIC) — 57KB
- vzlogoa.jpg (GRAPHIC) — 25KB
- vzlogoa58.jpg (GRAPHIC) — 23KB
- 0000732712-24-000025.txt ( ) — 2508KB
- vz-20240422.xsd (EX-101.SCH) — 9KB
- vz-20240422_def.xml (EX-101.DEF) — 32KB
- vz-20240422_lab.xml (EX-101.LAB) — 65KB
- vz-20240422_pre.xml (EX-101.PRE) — 34KB
- vz-20240422_htm.xml (XML) — 27KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition Attached as Exhibit 99.1 hereto are a press release and financial tables, dated April 22, 2024, issued by Verizon Communications Inc. (Verizon). Attached as Exhibit 99.2 hereto is commentary, dated April 22, 2024, discussing Verizon's financial and operating results for the first quarter of 2024. Non-GAAP Measures Verizon's press release, financial tables and commentary attached to the report include financial information prepared in conformity with generally accepted accounting principles in the United States (GAAP) as well as non-GAAP financial information. It is management's intent to provide non-GAAP financial information to enhance the understanding of Verizon's GAAP financial information and it should be considered by the reader in addition to, but not instead of, the financial statements prepared in accordance with GAAP. Each non-GAAP financial measure is presented along with the corresponding GAAP measure so as not to imply that more emphasis should be placed on the non-GAAP measure. We believe that providing these non-GAAP measures in addition to the GAAP measures allows management, investors and other users of our financial information to more fully and accurately assess both consolidated and segment performance. The non-GAAP financial information presented may be determined or calculated differently by other companies and may not be directly comparable to that of other companies. EBITDA and EBITDA Margin Related Non-GAAP Measures Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA), Segment EBITDA and Segment EBITDA Margin are non-GAAP financial measures that we believe are useful to management, investors and other users of our financial information as they are widely accepted financial measures used in evaluating the profitability of a company and its operating performance in relation to its competitors. Consolidated EBITDA is calculated by adding back interest
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 99.1 Press release and financial tables, dated April 22, 2024 , issued by Verizon Communications Inc. 99.2 Commentary discussing financial and operating results of Verizon Communications Inc. for the first quarter of 2024. 104 Cover Page Interactive Data File (formatted as inline XBRL). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Verizon Communications Inc. (Registrant) Date: April 22, 2024 /s/ Mary-Lee Stillwell Mary-Lee Stillwell Senior Vice President and Controller