What was the most significant transaction mentioned in the filing for Verizon Communications?

The most significant transaction highlighted is the pending acquisition of Vodafone's 45% indirect interest in Verizon Wireless for approximately $130 billion. This deal, expected to close in early 2014, would give Verizon full ownership of its highly successful wireless division.

How is Verizon positioned in terms of its wireless network technology?

Verizon emphasizes its leadership in wireless network technology, particularly its extensive 4G LTE network, which was substantially deployed and available to 97% of the U.S. population at the end of 2013. This provides a competitive edge in data speeds and network performance.

What are the main business segments of Verizon, and how do they contribute to revenue?

Verizon operates two primary reportable segments: Wireless and Wireline. The Wireless segment is the larger contributor, generating approximately 67% of the company's aggregate revenues in 2013 ($81.0 billion). The Wireline segment contributed approximately 33% ($39.2 billion), offering a range of voice, data, and video services to consumers and businesses.

What are Verizon's key strategies for future growth?

Verizon is focusing on several strategic initiatives to drive future growth. These include developing its Mobile Video capabilities, expanding its presence in Mobile Commerce through platforms like Isis, investing in Cloud Services for enterprise clients, and enhancing its Security offerings. They are also committed to continuous network upgrades and expanding services like FiOS.

VZ 10-K FY2013 Annual Report — Revenue, Net Income, EPS

Summary

Verizon Communications Inc. (VZ) in its 2013 10-K filing, reported by February 2014, highlighted a pivotal moment with the pending $130 billion acquisition of Vodafone's 45% stake in Verizon Wireless, expected to close in early 2014, granting Verizon full ownership. This strategic move aimed to consolidate control over its highly profitable and dominant wireless segment, which constituted approximately 67% of the company's revenues. The company showcased a robust 4G LTE network, available to 97% of the U.S. population, emphasizing its competitive advantage in data speeds and network reliability. The Wireline segment continued to offer a diverse range of services including FiOS broadband and video to consumers, alongside comprehensive networking, cloud, and security solutions for enterprise and wholesale clients. Despite facing intense competition across both segments, Verizon demonstrated a strategic focus on innovation, expanding its service offerings in areas like mobile video, mobile commerce, and cloud services to drive future growth.

Financial Highlights

55 data points

Beta

Revenue

$120.55B

0.6% Gross Margin

Net Income

$11.50B

0.1% Net Margin

EPS (Diluted)

$4.00

Total Assets

$274.10B

Cash & Equivalents

$53.53B

Free Cash Flow

$38.82B

Financial Statements

Beta

Revenue	$120.55B
Cost of Revenue	$44.89B
Gross Profit	$75.66B
SG&A Expenses	$27.09B
Operating Expenses	$88.58B
Operating Income	$31.97B
Interest Expense	$2.67B
Net Income	$11.50B
EPS (Basic)	$4.01
EPS (Diluted)	$4.00
Shares Outstanding (Basic)	2.87B
Shares Outstanding (Diluted)	2.87B

Key Highlights

1Completed acquisition of Vodafone's 45% stake in Verizon Wireless for $130 billion, achieving 100% ownership.
2Verizon Wireless boasts the largest 4G LTE network in the U.S., covering 97% of the population.
3Wireless segment generated approximately 67% of total revenues ($81.0 billion) in 2013.
4Wireline segment revenue was $39.2 billion in 2013, with significant contributions from Mass Markets ($17.3B) and Global Enterprise ($14.7B).
5Investing in strategic initiatives like Mobile Video, Mobile Commerce (Isis platform), and Cloud Services for future growth.
6Faces significant competition from national carriers (AT&T, T-Mobile, Sprint) and other technology companies.
7Maintaining strong network reliability, capacity, and coverage are key competitive factors.

VERIZON COMMUNICATIONS INC Annual Report, Year Ended Dec 31, 2013

Summary

Financial Highlights

Key Highlights

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