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

The primary purpose of this 8-K filing is to report Verizon Communications Inc.'s financial results and condition, referencing an attached press release and financial tables that were issued on April 19, 2012.

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

Non-GAAP financial measures are financial metrics that are not calculated in accordance with Generally Accepted Accounting Principles (GAAP). Verizon uses them, such as EBITDA and Adjusted EBITDA, to provide additional insights into its operating profitability and financial leverage. Management believes these measures can enhance investors' understanding of the company's performance, especially by excluding certain expenses like depreciation and amortization.

What specific non-GAAP metrics are highlighted in this report?

This report specifically defines and discusses several non-GAAP metrics, including Consolidated EBITDA, Consolidated Adjusted EBITDA, Wireless EBITDA, Wireless EBITDA service margin, Wireline EBITDA, Wireline EBITDA margin, Net Debt, Net Debt to Adjusted EBITDA Ratio, and Free Cash Flow.

Where can I find the detailed financial results mentioned in this filing?

The detailed financial results and operational performance are contained within the press release and financial tables dated April 19, 2012, which are attached as Exhibit 99 to this 8-K filing.

VZ 8-K: Earnings & Results

Summary

This 8-K filing by Verizon Communications Inc. (VZ), dated April 19, 2012, primarily serves to report the company's financial results and condition as of April 18, 2012. The core of the filing is the incorporation of a press release and financial tables that provide a detailed look at Verizon's performance, including both GAAP and non-GAAP financial measures. Investors should pay close attention to the company's explanations and calculations for metrics such as Consolidated EBITDA, Adjusted EBITDA, and segment-specific EBITDA measures, as these are presented to offer a clearer view of operating profitability. The filing also highlights the company's methodology for calculating Net Debt and the Net Debt to Adjusted EBITDA Ratio, providing insights into Verizon's leverage and financial health. Furthermore, the report defines Free Cash Flow, a crucial metric for assessing the company's ability to meet its financial obligations and distribute value to shareholders. While the 8-K itself doesn't contain the detailed financial statements, it directs investors to an attached press release and tables for the comprehensive financial data and operational performance details.

Key Highlights

1The 8-K filing reports on Verizon's financial results and condition as of April 18, 2012.
2It incorporates a press release and financial tables dated April 19, 2012, containing key financial information.
3The filing emphasizes the use of both GAAP and non-GAAP financial measures, including Consolidated EBITDA, Adjusted EBITDA, and segment-specific EBITDA (Wireless and Wireline).
4Verizon explains its non-GAAP measures, stating their purpose is to enhance understanding of operating profitability and leverage.
5Key non-GAAP metrics discussed include Net Debt, Net Debt to Adjusted EBITDA Ratio, and Free Cash Flow.
6The report defines how these non-GAAP measures are calculated and their utility for investors in evaluating performance and financial health.

VERIZON COMMUNICATIONS INC 8-K Report, Financial Results (Apr 19, 2012)

Summary

Key Highlights

Frequently Asked Questions