Verizon said Consumer segment operating revenues for 2024 totaled $102.9 billion, an increase of $1.3 billion, or 1.3%, compared to 2023, while Business segment operating revenues totaled $29.5 billion, a decrease of $591 million, or 2.0%.

1. 01

   Verizon said Consumer segment operating revenues for 2024 totaled $102.9 billion, an increase of $1.3 billion, or 1.3%, compared to 2023, while Business segment operating revenues totaled $29.5 billion, a decrease of $591 million, or 2.0%.

2. 02

   The company cited an increase of $1.5 billion in postpaid plan access revenues as a factor in the rise in Consumer wireless service revenue for 2024, and a decrease of $1.5 billion in sales volume related to a 10% decline in upgrades as a factor in the decline in equipment revenue.

3. 03

   Verizon said capital expenditures, including capitalized software, for 2024 totaled $17.1 billion, a decrease of approximately $1.7 billion compared to 2023 of $18.8 billion, and it expects cash requirements for the 2025 capital program to be $17.5 billion to $18.5 billion.

4. 04

   The company said net cash used in financing activities for 2024 was $17.1 billion, with repayment and repurchase of long-term debt and other obligations of $20.3 billion and dividend payments of $11.2 billion partially offset by proceeds from long-term debt of $15.6 billion.

Key figures

Fiscal year ended December 31, 2024

Revenue

$134.8B

Operating income

$28.7B

Net income

$17.5B

EPS

$4.14

Operating cash flow

$36.9B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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