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

The main purpose of this 8-K filing by Verizon Communications Inc. on April 21, 2011, is to report on the company's financial results and condition. It incorporates by reference a press release and financial tables issued on the same date, which contain the detailed financial information.

What are non-GAAP financial measures and why does Verizon use them?

Non-GAAP financial measures are financial metrics that are not prepared in accordance with Generally Accepted Accounting Principles (GAAP). Verizon uses these measures, such as adjusted operating revenues, adjusted EBITDA, and adjusted EPS, because management believes they provide a more useful understanding of the company's ongoing operational performance and trends by excluding certain items like discontinued operations or non-recurring events. They are intended to supplement, not replace, GAAP financial information.

Where can I find the actual financial performance data for Verizon?

The specific financial performance data, including revenue, earnings, and segment results, is not detailed directly in the text of the 8-K filing itself. Instead, this information is provided in the press release and financial tables that are attached as Exhibit 99 to this Form 8-K.

What is 'Consolidated Adjusted EBITDA' and why is it presented?

Consolidated Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is a non-GAAP measure that Verizon uses. It is calculated by adding back interest, taxes, depreciation, and amortization expenses to net income, and then further adjusting for non-operational or non-recurring items and the impact of divested operations. Management believes this metric is useful for investors to evaluate operating profitability on a more variable cost basis and to understand operating performance in relation to competitors.

VZ 8-K: Earnings & Results

Summary

Verizon Communications Inc. (VZ) filed an 8-K report on April 21, 2011, primarily to announce its financial results and provide associated details. The report highlights the company's adherence to both Generally Accepted Accounting Principles (GAAP) and the presentation of non-GAAP financial measures, which management believes offer enhanced insights into operational performance and trends. Investors should note that these non-GAAP measures, such as adjusted operating revenues, adjusted EBITDA, and adjusted EPS, are defined and explained within the filing, with management emphasizing their supplementary nature to GAAP reporting. The core of this filing is the incorporation of a press release and financial tables dated April 21, 2011. These documents detail Verizon's financial condition and results of operations. While specific figures are not detailed in the 8-K text itself, the incorporation by reference to Exhibit 99 signifies that investors need to consult the attached press release and tables for quantitative performance data, including revenue, earnings, segment performance (Wireless and Wireline), and leverage metrics like Net Debt and the Net Debt to Adjusted EBITDA Ratio.

Key Highlights

1Verizon Communications Inc. filed an 8-K on April 21, 2011, reporting financial results.
2The filing includes a press release and financial tables dated April 21, 2011, as an exhibit.
3The report emphasizes the use of both GAAP and non-GAAP financial measures to provide a comprehensive view of performance.
4Key non-GAAP measures discussed include consolidated adjusted operating revenues, adjusted EBITDA, and adjusted EPS.
5Management believes non-GAAP measures offer valuable insights into operational trends and performance.
6The filing details the calculation methodology for various non-GAAP metrics, including EBITDA, margins, Net Debt, and Adjusted EPS.
7Investors are directed to the attached press release and financial tables for specific financial performance data.

VERIZON COMMUNICATIONS INC 8-K Report, Financial Results (Apr 21, 2011)

Summary

Key Highlights

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