Skip to content
ChickenStockChickenStock
ResearchFilings

AI English summary of an SEC filing — figures as filed

Verizon logoVerizon VZ

The company said total operating revenue for Q2 2024 was $32.8 billion, up 0.6% from a year earlier. It said consolidated net income was $4.7 billion, compared with $4.8 billion a year earlier, and consolidated adjusted EBITDA was $12.3 billion, compared with $12.0 billion a year earlier.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary

  1. The company said total operating revenue for Q2 2024 was $32.8 billion, up 0.6% from a year earlier. It said consolidated net income was $4.7 billion, compared with $4.8 billion a year earlier, and consolidated adjusted EBITDA was $12.3 billion, compared with $12.0 billion a year earlier.

  2. Verizon said earnings per share for Q2 were $1.09, compared with $1.10 a year earlier. Adjusted EPS, which excludes special items, was $1.15, compared with $1.21 a year earlier. The company said the pre-tax loss from special items was $355 million, including amortization of intangible assets of $219 million and a mark-to-market pension liability adjustment of $136 million.

  3. Verizon said cash flow from operations for the first half of 2024 was $16.6 billion, compared with $18.0 billion a year earlier. Capital expenditures were $8.1 billion, compared with $10.1 billion, and free cash flow was $8.5 billion, compared with $8.0 billion.

  4. The company said it continues to expect full-year 2024 total wireless service revenue growth of 2.0% to 3.5%, adjusted EBITDA growth of 1.0% to 3.0%, adjusted EPS of $4.50 to $4.70, and capital expenditures of $17.0 billion to $17.5 billion.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q2 Revenue, Net Income and Adjusted EBITDA

The company said total operating revenue for Q2 2024 was $32.8 billion, up 0.6% from a year earlier. It said consolidated net income was $4.7 billion, compared with $4.8 billion a year earlier, and consolidated adjusted EBITDA was $12.3 billion, compared with $12.0 billion a year earlier.

Source · Based on the filing body and exhibits

Earnings per Share and Special Items

Verizon said earnings per share for Q2 were $1.09, compared with $1.10 a year earlier. Adjusted EPS, which excludes special items, was $1.15, compared with $1.21 a year earlier. The company said the pre-tax loss from special items was $355 million, including amortization of intangible assets of $219 million and a mark-to-market pension liability adjustment of $136 million.

Source · Based on the filing body and exhibits

First-Half Cash Flow and Capital Expenditures

Verizon said cash flow from operations for the first half of 2024 was $16.6 billion, compared with $18.0 billion a year earlier. Capital expenditures were $8.1 billion, compared with $10.1 billion, and free cash flow was $8.5 billion, compared with $8.0 billion.

Source · Based on the filing body and exhibits

2024 Full-Year Outlook

The company said it continues to expect full-year 2024 total wireless service revenue growth of 2.0% to 3.5%, adjusted EBITDA growth of 1.0% to 3.0%, adjusted EPS of $4.50 to $4.70, and capital expenditures of $17.0 billion to $17.5 billion.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.