8-KEarnings & ResultsExhibits & Filings

VERIZON COMMUNICATIONS INC 8-K Report, Financial Results (Oct 17, 2013)

Filed October 17, 2013For Securities:VZ

Summary

This Form 8-K filing by Verizon Communications Inc. (VZ), dated October 17, 2013, primarily announces the release of their Q3 2013 earnings through an attached press release and financial tables. While the filing itself doesn't contain detailed numerical results, it serves as the official notification of the earnings release and introduces the financial data that investors can access via the provided exhibit. The core purpose of this filing is to comply with SEC regulations regarding the public disclosure of material information, specifically the company's financial performance. Investors should refer to the referenced Exhibit 99 for the actual financial figures, including GAAP and non-GAAP measures, which management uses to provide a more detailed view of the company's operational profitability and financial condition.

Key Highlights

  • 1Verizon Communications Inc. filed an 8-K report on October 17, 2013.
  • 2The filing announces the release of Verizon's Q3 2013 earnings, including a press release and financial tables as Exhibit 99.
  • 3The report indicates that both GAAP and non-GAAP financial measures will be presented in the earnings release.
  • 4Key non-GAAP measures discussed include Consolidated EBITDA, Wireless EBITDA, Wireline EBITDA, Adjusted EBITDA, Net Debt, Net Debt to Adjusted EBITDA Ratio, Adjusted EPS, and Free Cash Flow.
  • 5Management believes these non-GAAP measures provide enhanced understanding of operating performance, leverage, and cash availability.
  • 6The filing serves as the official notification of the earnings results and directs investors to the attached exhibit for specific financial details.

Frequently Asked Questions

The main purpose of this Form 8-K filing is to officially announce and provide access to Verizon Communications Inc.'s third-quarter 2013 earnings results. It includes a press release and financial tables as an exhibit that investors can use to review the company's financial performance.

The actual Q3 2013 financial results, including detailed financial tables and management's commentary, are provided as Exhibit 99 in this 8-K filing. Investors should refer to this exhibit for specific figures and discussions.

Verizon utilizes both Generally Accepted Accounting Principles (GAAP) measures and several non-GAAP financial measures in its reporting. These non-GAAP measures are presented to provide additional insights into operational profitability, leverage, and cash flow, and include metrics like Consolidated EBITDA, Wireless EBITDA, Wireline EBITDA, Adjusted EBITDA, Net Debt, Adjusted EPS, and Free Cash Flow.

Verizon presents non-GAAP financial measures because management believes they enhance the understanding of the company's financial performance and underlying business trends. These measures are intended to provide a clearer view of operating profitability on a variable cost basis, assess leverage, and evaluate available cash for debt and dividend payments, complementing the standard GAAP reporting.