Verizon

Q2 Results Q/Q Comparison:

  • Revenue decreased 5% to $30.5B
  • GAAP diluted EPS decreased 84% $0.17 (includes $0.54 noncash pension-related expense and $0.27 charge related to early debt redemption)
    • Adjusted EPS decreased 10% to $0.94
  • Free cashflow of $1.5B
  • Net debt of $97B (2.2x EBITDA)

Wireless:

  • Revenue decreased 4.0% to $21.7B
  • Operating income increased 4.2% to $8.0B
    • Operating income margin was 36.9%, up from 34.0%
  • Total retail connections: 113.2M, an increase of 3.3% year-over-year
    • Added 615K retail postpaid net connections, a 46% decrease from prior year quarter
  • Postpaid churn rate of 0.94%, up from 0.90%

Wireline:

  • Revenue decreased 2.4% to $7.8B
    • Consumer retail revenues were flat at $3.2B
  • Operating loss of $463M versus a loss of $199M prior year quarter
  • Total FiOS digital connections increased 3.1% to 14.0M
    • FiOS internet penetration (subscribers as a percentage of potential subscribers) was 40.1%, up from 39.8% prior year quarter
    • FiOS video penetration was 34.6%, down from 35.5% prior year quarter

Stock Price: $55
Market Capitalization: $223 billion

July 26, 2016

 

 

 


 


 

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