What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to provide investors with updated and adjusted financial information related to Verizon Communications' revised 2001 earnings guidance. This includes adjusted base year data for 2000 to offer a more comparable view of the company's performance, especially concerning the Verizon Wireless joint venture.

What specific adjustments were made to the 2000 financial results?

The 2000 financial results were adjusted to reflect two key assumptions: 1) that the Verizon Wireless joint venture had been formed on January 1, 2000, and 2) that the financial impact of overlapping wireless properties was excluded. This creates a pro forma view for better comparison with current operations.

Where can investors find the detailed information mentioned in the filing?

The detailed information, consisting of slides with the adjusted base year information and revised 2001 earnings guidance, was posted by Verizon Communications on its official website, www.verizon.com, on August 2, 2001. These slides are also attached as an exhibit to the 8-K filing.

Why is Verizon providing this adjusted financial data?

Verizon is providing this adjusted data to offer investors a clearer perspective on its financial performance, particularly in light of the significant joint venture and the exclusion of overlapping assets. This allows for a more consistent and relevant analysis of the company's ongoing operations and future earnings potential.

VZ 8-K SEC Disclosure — Aug 2, 2001

Summary

Verizon Communications Inc. (VZ) filed an 8-K on August 2, 2001, to provide investors with updated information regarding its 2001 earnings guidance. The filing includes slides posted on the company's website that present adjusted financial information for the year 2000. This adjusted data reflects the hypothetical formation of the Verizon Wireless joint venture on January 1, 2000, and excludes the financial impact of overlapping wireless properties.

Key Highlights

1Verizon Communications released revised 2001 earnings guidance.
2The company posted slides on its website detailing adjusted base year information.
3The adjusted 2000 financial results assume the Verizon Wireless joint venture was formed on January 1, 2000.
4Overlapping wireless property impacts have been excluded from the adjusted financial figures.
5This filing aims to provide greater clarity and a more comparable basis for evaluating the company's performance.
6The information is provided as an exhibit to the 8-K filing.

VERIZON COMMUNICATIONS INC 8-K Report (Aug 2, 2001)

Summary

Key Highlights

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