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 recent financial results and to provide detailed explanations of the non-GAAP financial measures used by the company to assess its operational performance and financial condition. It includes a press release and financial tables dated April 27, 2026.

Why does Verizon focus on non-GAAP financial measures?

Verizon uses non-GAAP financial measures to provide investors with a more complete understanding of its financial performance and underlying business trends. These measures are intended to exclude certain items that may not be indicative of ongoing operational profitability or may fluctuate significantly period-to-period, such as acquisition-related charges, severance costs, and amortization of intangible assets. The company believes these measures aid in comparing its performance to competitors and assessing operational effectiveness.

How does the recent acquisition of Frontier Communications affect the financial reporting?

The acquisition of Frontier Communications, completed in January 2026, has led to specific non-GAAP adjustments, particularly in the calculation of Consolidated Adjusted EBITDA. Acquisition and integration-related charges associated with this transaction are excluded from Consolidated EBITDA to arrive at Consolidated Adjusted EBITDA, aiming to provide a clearer view of ongoing operational trends by minimizing the impact of transaction-specific costs.

VZ 8-K: Earnings & Results

Q: What are some of the key non-GAAP measures discussed in the filing?

The key non-GAAP measures detailed in the filing include Consolidated EBITDA, Consolidated Adjusted EBITDA, Segment EBITDA, Segment EBITDA Margin, Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio, Adjusted Earnings per Common Share (Adjusted EPS), and Free Cash Flow. These measures are presented with their respective GAAP counterparts and definitions.

Summary

Verizon Communications Inc. (VZ) filed an 8-K report on April 27, 2026, to disclose its latest financial results and operational updates. The filing primarily consists of a press release and financial tables, detailing key financial metrics. A significant focus of the report is the explanation and definition of various non-GAAP financial measures, including Consolidated EBITDA, Consolidated Adjusted EBITDA, Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio, Adjusted Earnings per Common Share (Adjusted EPS), and Free Cash Flow. These non-GAAP measures are presented to provide investors with a more comprehensive understanding of Verizon's operational performance, profitability, and liquidity, beyond standard GAAP reporting, especially in light of recent acquisitions and ongoing business rationalization initiatives. The report highlights Verizon's strategy to manage its debt effectively, as indicated by the emphasis on the Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio. The company also provides context for the exclusion of certain items in its non-GAAP calculations, such as acquisition-related charges and severance costs, attributing them to specific events like the Frontier Communications acquisition and workforce reduction initiatives. Investors are encouraged to review these non-GAAP measures alongside GAAP results for a complete financial picture.

Key Highlights

1Verizon Communications Inc. filed an 8-K on April 27, 2026, announcing operational and financial results.
2The filing extensively defines and explains various non-GAAP financial measures to provide investors with enhanced insights into performance.
3Key non-GAAP measures discussed include Consolidated EBITDA, Consolidated Adjusted EBITDA, Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio, Adjusted EPS, and Free Cash Flow.
4The report clarifies that non-GAAP measures are presented alongside GAAP information and are intended to complement, not replace, GAAP financial statements.
5Specific non-GAAP adjustments relate to the impact of acquisitions (e.g., Frontier Communications) and business transformation initiatives.
6Verizon emphasizes the importance of the Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio for evaluating debt servicing ability from continuing operations.
7The company notes limitations in providing reconciliations for Adjusted EPS Forecast due to the unpredictability of future special items.

VERIZON COMMUNICATIONS INC 8-K Report, Financial Results (Apr 27, 2026)

Summary

Key Highlights

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