VZ
Verizon Communications Inc.

Market cap $199.54B
Enterprise value $319.58B
Employees 155,400
Revenue $126B
EBITDA $44.4B
Income $30.1B
EPS 7.36
P/E 6.65
Forward P/E 10.50
EV/EBITDA 7.20
PEG 1.87
Earnings date 2018-04-24
Volume 7.43M / 17.7M
Relative vol. 0.42 ×
Profit margin 23.88%
Oper. margin 21.75%
Gross margin 59.16%
Sales Q/Q -1.93%
Sales Y/Y -0.36%
Est. EPS Q/Q 16.84%
Beta 0.69
Mean Recomm. 2.70
IPO year 1983
Country United States
RSI 25.64
Range $48.44 – $49.89
52 weeks $42.80 – $54.77
SMA 50 $52 +6.76%
SMA 200 $50 +1.92%
1 year target $56 +14.81%

Intraday

5 days

1 month

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1 year

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All time

Date
#
Company
Insider Title
Trans.
Transaction
Shares Price per share Total price Shares after Source
2017-09-27 Craig L. Silliman
EVP of PubPolicy & Gen Counsel
EVP of PubPolicy & Gen Counsel Sale 610 $49.23 $30,030
2017-09-27
6,599
2017-08-28 Craig L. Silliman
EVP of PubPolicy & Gen Counsel
EVP of PubPolicy & Gen Counsel Sale 610 $48.65 $29,677
2017-08-28
7,209
2017-07-28 Craig L. Silliman
EVP of PubPolicy & Gen Counsel
EVP of PubPolicy & Gen Counsel Sale 610 $47.74 $29,121
2017-07-28
7,819
2017-06-27 Craig L. Silliman
EVP of PubPolicy & Gen Counsel
EVP of PubPolicy & Gen Counsel Sale 610 $45.00 $27,450
2017-06-27
8,429
2017-05-30 Craig L. Silliman
EVP of PubPolicy & Gen Counsel
EVP of PubPolicy & Gen Counsel Sale 610 $45.34 $27,657
2017-05-30
9,039
2017-05-01 Marni M Walden
EVP&Pres - Global Media
EVP&Pres - Global Media Sale 16,362 $46.08 $753,961
2017-05-01
11,797
2017-04-27 Craig L. Silliman
EVP of PubPolicy & Gen Counsel
EVP of PubPolicy & Gen Counsel Sale 610 $47.36 $28,890
2017-04-27
9,649
2017-03-27 Craig L. Silliman
EVP of PubPolicy & Gen Counsel
EVP of PubPolicy & Gen Counsel Sale 610 $49.66 $30,293
2017-03-27
10,259

Notable SEC filings of Verizon Communications Inc.

Date Contents
Source
2017-11-29 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2017-11-16 8-K Other Events; Financial Statements and Exhibits
2017-10-27 8-K Other Events; Financial Statements and Exhibits
2017-10-26 10-Q Quarterly report
2017-10-19 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-10-16 8-K Other Events; Financial Statements and Exhibits
2017-10-04 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
2017-10-03 8-K Other Events; Financial Statements and Exhibits
2017-08-15 8-K Other Events; Financial Statements and Exhibits
2017-08-07 8-K Other Events; Financial Statements and Exhibits
2017-08-03 10-Q Quarterly report
2017-08-01 8-K Other Events; Financial Statements and Exhibits
2017-07-27 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-06-15 8-K Regulation FD Disclosure
2017-05-15 8-K Other Events; Financial Statements and Exhibits
2017-05-11 8-K Regulation FD Disclosure; Other Events; Financial Statements and Exhibits
2017-05-10 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Submission of Matters to a Vote of Security Holders
2017-05-05 8-K Other Events
2017-04-27 10-Q Quarterly report
2017-04-20 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-04-11 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2017-03-20 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
2017-03-13 8-K Other Events; Financial Statements and Exhibits
2017-03-03 8-K Other Events; Financial Statements and Exhibits
2017-02-21 10-K Yearly report
2017-02-21 8-K Regulation FD Disclosure; Other Events; Financial Statements and Exhibits
Neutral → Neutral JP Morgan 23 January 2018
Buy → Buy Bank of America 23 January 2018
Buy → Buy Nomura 23 January 2018
Sector Perform → Sector Outperform
Scotia Howard Weil 21 January 2018
Buy → Neutral
Moffett Nathanson 15 January 2018
Buy → Hold
HSBC 13 December 2017
Market Perform → Outperform
Wells Fargo 19 November 2017
Hold
Argus 20 April 2017
Hold SunTrust Robinson Humphrey 18 April 2017

Verizon Communications executives

Insider Title Age Since Compensation
John Stratton (55)
Executive Vice President, President - Operations since 2015
Executive Vice President, President - Operations 55 2015 $7,040,610
Marc Reed (58)
Executive Vice President, Chief Administrative Officer since 2012
Executive Vice President, Chief Administrative Officer 58 2012 $6,173,170
Matthew Ellis (45)
Chief Financial Officer, Executive Vice President since 2016
Chief Financial Officer, Executive Vice President 45 2016 $2,697,360
Clarence Otis (60)
Independent Director since 2006
Independent Director 60 2006 $307,721
Martha Keeth (70)
Lead Independent Director since 2006
Lead Independent Director 70 2006 $307,000
Richard Carrion Rexach (64)
Independent Director since 1997
Independent Director 64 1997 $280,531
Kathryn Tesija (54)
Independent Director since 2012
Independent Director 54 2012 $266,645
Shellye Archambeau (54)
Independent Director since 2013
Independent Director 54 2013 $264,553
Gregory Weaver (65)
Independent Director since 2015
Independent Director 65 2015 $262,000
Gregory Wasson (58)
Independent Director since 2013
Independent Director 58 2013 $262,000
Melanie Healey (56)
Independent Director since 2011
Independent Director 56 2011 $260,000
Karl-Ludwig Kley (66)
Independent Director since 2015
Independent Director 66 2015 $256,996
Rodney Slater (62)
Independent Director since 2010
Independent Director 62 2010 $254,000
Mark Bertolini (60)
Independent Director since 2015
Independent Director 60 2015 $254,000
Mike Stefanski
Senior Vice President
Senior Vice President
Andrew McKechnie
Chief Creative Officer since 2017
Chief Creative Officer 2017
Anthony Skiadas (48)
Senior Vice President, Controller since 2013
Senior Vice President, Controller 48 2013
Craig Silliman (49)
Executive Vice President – Public Policy and General Counsel since 2015
Executive Vice President – Public Policy and General Counsel 49 2015
Rima Qureshi (52)
Executive Vice President, Chief Strategy Officer since 2017
Executive Vice President, Chief Strategy Officer 52 2017
Roger Gurnani (56)
Executive Vice President, Chief Information and Technology Architect since 2015
Executive Vice President, Chief Information and Technology Architect 56 2015
Diego Scotti (44)
Executive Vice President, Chief Marketing Officer since 2014
Executive Vice President, Chief Marketing Officer 44 2014
Verizon Communications Inc. logo

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; Internet access on various smart and basic phones, notebook computers, and tablets; and multimedia access, business-focused, location-based, global data, home phone handsets, and high-speed Internet services, as well as network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in fleet management and telematics, energy, agricultural technology, and smart community markets; and wireless devices, such as smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2016, it had 114.2 million retail connections. The company's Wireline segment offers high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as Voice over Internet protocol services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services that include collocation and managed hosting services; cloud services, which comprise computing, storage, backup, recovery, and application platforms; and business communications services. This segment also provides data security, voice and data, cloud and IT, business communications, IoT, and mobility services; and data, voice, local dial tone, and broadband services primarily to local, long distance, wireless, and other carriers. 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 City, New York.

  • Verizon Communications Inc., 1095 Avenue of the Americas, New York 10036, United States
  • verizon.com
  • 212-395-1000

Quarterly EPS estimates

Profit margin

Debt to assets

Cash flow

Balance sheet

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Current assets
Cash $4,487 $4,583 $4,307 $2,880
Short term investments
Net receivables $21,549 $19,771 $16,863 $17,513
Inventory $1,276 $1,116 $1,194 $1,202
Other current assets $3,555 $3,353 $4,794 $4,800
Total current assets $30,867 $28,823 $27,158 $26,395
Long term investments $1,054 $1,075 $1,080 $1,110
Property, plant & equipment $86,622 $86,611 $85,975 $85,364
Goodwill $28,725 $28,527 $27,630 $27,205
Intangible assets $98,876 $99,147 $96,666 $95,570
Other assets $8,538 $8,795 $8,222 $8,536
Deferred long term asset charges
Total assets $254,682 $252,978 $246,731 $244,180
Current liabilities
Accounts payable $18,434 $17,825 $14,826 $19,593
Short long term debt $2,180 $1,153 $3,707 $2,645
Other current liabilities $8,316 $8,780 $8,131 $8,102
Total current liabilities $28,930 $27,758 $26,664 $30,340
Long term debt $115,317 $116,390 $112,839 $105,433
Other liabilities $33,639 $34,563 $34,344 $38,411
Deferred long term liabilities $48,345 $47,506 $47,847 $45,964
Minority interest $1,603 $1,572 $1,544 $1,508
Total liabilities $227,834 $227,789 $223,238 $221,656
Stockholders' equity
Stock option warrants
Common stock $424 $424 $424 $424
Retained earnings $19,373 $18,159 $16,153 $15,059
Treasury stock -$7,141 -$7,142 -$7,144 -$7,263
Capital surplus $11,098 $11,099 $11,161 $11,182
Other stockholder equity $3,094 $2,649 $2,899 $3,122
Total stockholder equity $26,848 $25,189 $23,493 $22,524
Net tangible assets -$100,753 -$102,485 -$100,803 -$100,251
(in millions) 2016 2015 2014
Current assets
Cash $2,880 $4,470 $10,598
Short term investments $350 $555
Net receivables $17,513 $13,457 $13,993
Inventory $1,202 $1,252 $1,153
Other current assets $4,800 $2,826 $3,200
Total current assets $26,395 $22,355 $29,499
Long term investments $1,110 $796 $802
Property, plant & equipment $85,364 $93,808 $89,947
Goodwill $27,205 $25,331 $24,639
Intangible assets $95,570 $94,167 $81,069
Other assets $8,536 $7,718 $6,660
Deferred long term asset charges
Total assets $244,180 $244,175 $232,616
Current liabilities
Accounts payable $19,593 $19,362 $16,680
Short long term debt $2,645 $6,489 $2,735
Other current liabilities $8,102 $9,201 $8,572
Total current liabilities $30,340 $35,052 $27,987
Long term debt $105,433 $103,240 $110,536
Other liabilities $38,411 $42,557 $38,854
Deferred long term liabilities $45,964 $45,484 $41,563
Minority interest $1,508 $1,414 $1,378
Total liabilities $221,656 $227,747 $220,318
Stockholders' equity
Stock option warrants
Common stock $424 $424 $424
Retained earnings $15,059 $11,246 $2,447
Treasury stock -$7,263 -$7,416 -$3,263
Capital surplus $11,182 $11,196 $11,155
Other stockholder equity $3,122 $978 $1,535
Total stockholder equity $22,524 $16,428 $12,298
Net tangible assets -$100,251 -$103,070 -$93,410

Income statement

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Revenue
Total revenue $31,717 $30,548 $29,814 $32,340
Cost of revenue $12,605 $12,110 $11,666 $14,362
Gross profit $19,112 $18,438 $18,148 $17,978
Operating expenses
Research & development
Selling, general & administrative $7,632 $6,039 $6,908 $5,968
Non-recurring
Other operating expenses $4,272 $4,167 $4,059 $3,987
Total operating expenses
Operating income $7,208 $8,232 $7,181 $8,023
Income from continuing operations
Net other income -$511 -$19 -$846 $98
EBIT $6,675 $8,185 $6,314 $8,086
Interest expense $1,164 $1,218 $1,132 $1,137
Income before tax $5,511 $6,967 $5,182 $6,949
Income tax expense $1,775 $2,489 $1,629 $2,349
Minority interest $1,603 $1,572 $1,544 $1,508
Net income from continuing ops $3,598 $4,334 $3,429 $4,460
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA $3,620 $4,362 $3,450 $4,495
Income (for common shares) $3,620 $4,362 $3,450 $4,495
(in millions) 2016 2015 2014
Revenue
Total revenue $125,980 $131,620 $127,079
Cost of revenue $51,424 $52,557 $49,931
Gross profit $74,556 $79,063 $77,148
Operating expenses
Research & development
Selling, general & administrative $31,569 $29,986 $41,016
Non-recurring
Other operating expenses $15,928 $16,017 $16,533
Total operating expenses
Operating income $27,059 $33,060 $19,599
Income from continuing operations
Net other income -$1,599 $186 -$1,194
EBIT $25,362 $33,160 $20,185
Interest expense $4,376 $4,920 $4,915
Income before tax $20,986 $28,240 $15,270
Income tax expense $7,378 $9,865 $3,314
Minority interest $1,508 $1,414 $1,378
Net income from continuing ops $13,029 $17,793 $11,405
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA $13,127 $17,879 $9,625
Income (for common shares) $13,127 $17,879 $9,625

Cash flow

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Net income $3,620 $4,362 $3,450 $4,495
Operating activities
Depreciation $4,272 $4,167 $4,059 $3,987
Net income adjustments $1,714 -$2,008 -$1,237 $2,415
Change in accounts receivable -$5,067
Changes in liabilities -$1,079
Changes in inventory $61
Changes in other operating activities -$2,419 $1,600 -$4,694 $74
Total cash flow from operations $7,303 $8,237 $1,681 $4,991
Investing activities
Capital expenditures -$4,271 -$3,944 -$3,067 -$5,661
Investments
Other cash flows from investing $453 -$1,106 -$1,766 -$2,783
Total cash flows from investing -$3,818 -$5,050 -$4,833 -$8,444
Financing activities
Dividends paid -$2,357 -$2,356 -$2,354 -$2,354
Sale and purchase of stock $3
Net borrowings -$265 -$252 $8,693 $2,526
Other cash flows from financing -$959 -$303 -$1,760 -$283
Total cash flows from financing -$3,581 -$2,911 $4,579 -$108
Effect of exchange rate
Change in cash and equivalents -$96 $276 $1,427 -$3,561
(in millions) 2016 2015 2014
Net income $13,127 $17,879 $9,625
Operating activities
Depreciation $15,928 $16,017 $16,533
Net income adjustments $3,200 $3,506 $7,390
Change in accounts receivable -$5,067 -$945 -$2,745
Changes in liabilities -$1,079 $2,545 $1,412
Changes in inventory $61 -$99 -$132
Changes in other operating activities -$3,936 -$469 -$3,783
Total cash flow from operations $22,715 $38,930 $30,631
Investing activities
Capital expenditures -$17,059 -$17,775 -$17,191
Investments
Other cash flows from investing $6,076 -$12,268 $1,335
Total cash flows from investing -$10,983 -$30,043 -$15,856
Financing activities
Dividends paid -$9,262 -$8,538 -$7,803
Sale and purchase of stock $3 -$5,094 -$58,852
Net borrowings -$1,358 -$3,017 $12,823
Other cash flows from financing -$2,705 $1,634 -$3,873
Total cash flows from financing -$13,322 -$15,015 -$57,705
Effect of exchange rate
Change in cash and equivalents -$1,590 -$6,128 -$42,930
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