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

The main purpose of this 8-K filing is to report on Verizon Communications Inc.'s financial results and condition as of April 21, 2010. It formally announces the release of a press release and financial tables containing this information.

What are the key non-GAAP financial measures mentioned in the filing?

The key non-GAAP measures highlighted are Verizon Wireless Segment EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), Verizon Wireless Segment EBITDA service margin, Verizon Wireless cash expense per customer, and Free Cash Flow. These are provided to offer additional insights beyond standard GAAP reporting.

Why does Verizon use non-GAAP financial measures?

Verizon uses non-GAAP measures because management believes they are useful to investors and other users of their financial information. These measures can help in evaluating operating profitability on a more variable cost basis (EBITDA) and assessing cash available for debt repayment and dividends (Free Cash Flow), providing a potentially clearer picture of operational performance and efficiency compared to GAAP alone.

Where can I find the detailed financial results?

The detailed financial results are not included directly in the 8-K text. Instead, the filing states that a press release and financial tables, dated April 22, 2010, were attached as an exhibit to this Form 8-K.

VZ 8-K: Earnings & Results

Summary

This Form 8-K filing by Verizon Communications Inc. (VZ), dated April 22, 2010, primarily announces the release of its financial results and related tables for the period ending April 21, 2010. The report highlights the company's use of non-GAAP financial measures, such as Verizon Wireless Segment EBITDA and Free Cash Flow, to provide investors with a clearer view of operational profitability and cash generation available for debt repayment and dividends. Management believes these alternative measures offer valuable insights into the company's performance and competitive standing, supplementing standard GAAP reporting. Investors should note that while the filing itself doesn't provide specific figures, it directs readers to an attached press release and financial tables for detailed operational and financial condition information. The emphasis on non-GAAP metrics indicates a strategic approach by Verizon to communicate performance drivers that may differ from traditional accounting methods, particularly concerning its robust wireless segment.

Key Highlights

1Verizon Communications Inc. filed an 8-K on April 22, 2010, reporting on its financial condition and results of operations.
2The filing references an attached press release and financial tables dated April 22, 2010, containing the detailed financial information.
3Verizon utilized several non-GAAP financial measures in its reporting, including Verizon Wireless Segment EBITDA, EBITDA margin, cash expense per customer, and Free Cash Flow.
4Management believes these non-GAAP measures are useful for investors to evaluate operating profitability and cash available for debt and dividends.
5Verizon Wireless Segment EBITDA is presented to show operating profitability before interest, taxes, depreciation, and amortization.
6Free Cash Flow is defined as cash flow from operations minus capital expenditures, intended to represent cash available for debt and dividends.
7The company emphasizes that these non-GAAP measures should be considered in addition to, not instead of, its GAAP financial statements.

VERIZON COMMUNICATIONS INC 8-K Report, Financial Results (Apr 22, 2010)

Summary

Key Highlights

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