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

The main purpose of this 8-K filing is to furnish investors with a press release and related schedules that provide additional financial information, including the definitions and calculation methods for key non-GAAP metrics like Wireless EBITDA and Wireline EBITDA.

What are the key non-GAAP metrics discussed?

The key non-GAAP metrics discussed are Wireless EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the wireless segment and Wireline EBITDA for the wireline segment, along with their respective service and total operating revenue margins.

Why does Verizon provide non-GAAP financial information?

Verizon provides non-GAAP financial information to enhance the understanding of its GAAP financial performance. Management intends for these measures to be considered in addition to, but not instead of, the company's official financial statements prepared in accordance with GAAP.

How is the Wireless EBITDA service margin calculated?

The Wireless EBITDA service margin is calculated by dividing Wireless EBITDA by Verizon Wireless service revenues. Service revenues primarily exclude equipment revenues and other non-service revenues, focusing on the profitability derived from ongoing service provision to the wireless customer base.

VZ 8-K: Regulation FD — Sep 11, 2014

Summary

This 8-K filing from Verizon Communications Inc. (VZ) on September 11, 2014, primarily provides an update through a press release and related schedules, as incorporated by reference under Regulation FD Disclosure (Item 7.01) and Exhibits (Item 9.01). The key takeaway for investors is the release of information intended to enhance the understanding of Verizon's financial performance, including both GAAP and non-GAAP measures. The filing also details the calculation methodology for important non-GAAP metrics such as Wireless EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and Wireline EBITDA, and their respective margins. This provides transparency into how Verizon manages and reports segment profitability, with specific attention to how service revenues are used for wireless margin calculations to focus on the ongoing service provision to customers.

Key Highlights

1Verizon Communications Inc. filed an 8-K on September 11, 2014, primarily furnishing a press release and related schedules.
2The filing includes information on both GAAP and non-GAAP financial measures to aid investor understanding.
3Specific definitions and calculation methods for Wireless EBITDA and Wireline Segment EBITDA are provided.
4The methodology for calculating Wireless EBITDA service margin, using service revenues to exclude equipment revenues, is clarified.
5This report serves to provide additional financial context and operational insights directly to investors under Regulation FD.
6The information furnished is intended to supplement, not replace, official GAAP financial statements.

VERIZON COMMUNICATIONS INC 8-K Report, Regulation FD Disclosure (Sep 11, 2014)

Summary

Key Highlights

Frequently Asked Questions