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Verizon Communications
A Fortune 10 company, Verizon Communications (NYSE:VZ) is one of the world's leading providers of communications services. Verizon companies are the largest providers of wireline and wireless communications in the United States, with 137.6 million access line equivalents and 34.6 million Verizon Wireless customers. Verizon is the third largest long-distance carrier for U.S. consumers, with 14.6 million long-distance lines, and the company is also the largest directory publisher in the world, as measured by directory titles and circulation. With approximately $67 billion in annual revenues and 221,000 employees, Verizon's global presence extends to the Americas, Europe, and Asia.
2002 Financial Statistics*
Operating Revenues - $67.6 billion
Net Income - $8.4 billion
EPS (diluted basis) - $3.05
Weighted Average Shares Outstanding - 2.77 billion
Shareowners - 2.8 million
Capital Expenditures
(including capitalized software) - $13.1 billion
Fortune 500 Rank - 10th
Operating Statistics (as of June 2003)
Employees - 221,000
U.S. Markets Served w/Wireline Assets - Two-thirds of top 100
States w/Wireline Presence - 29+D.C.+Puerto Rico
Households in Wireline Markets - 33 million
U.S. Access Lines - 56.8 million
U.S. Access Line Equivalents - 137.6 million
DSL Lines In Service - 1.9 million
Long-Distance Lines In Service - 14.6 million
U.S. Markets Served w/Wireless Assets - 97 of top 100
States w/Wireless Presence - 49+D.C.+Puerto Rico
U.S. Wireless Customers - 34.6 million
U.S. Wireless POPs - 228 million
Nations w/Verizon Presence - 24
Worldwide Directory Circulation - 157 million
SuperPages.com - 63 million searches per month
Total Directory Advertisers - 1.8 million
* Net income and EPS exclude special items. International operating statistics are proportionate and reflect Verizon Communications' share of partnerships and joint ventures.
Verizon.com (Opens New Window)
Source: Verizon Communications - June 2003
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