AI English summary of an SEC filing — figures as filed
Verizon VZThe company said it completed the acquisition of Frontier on January 20, 2026, paying about $9.8 billion in cash at closing (including $335 million of acquired cash) and assuming about $12.9 billion of Frontier debt at fair value.
Key points
AI summaryThe company said it completed the acquisition of Frontier on January 20, 2026, paying about $9.8 billion in cash at closing (including $335 million of acquired cash) and assuming about $12.9 billion of Frontier debt at fair value.
Verizon said net cash provided by operating activities for the 9 months ended September 30, 2026 increased by $1.9 billion from the prior-year period, and capital expenditures, including capitalized software, were $11.9 billion. The company cited the timing of cash tax payments and working capital effects as drivers of the higher operating cash flow, partially offset by lower earnings.
The company said it entered into a joint venture Transaction Agreement with BT and NewCo on June 28, 2026, under which each party will hold a 50% stake and the company will pay $625 million in cash. Over the 9 months, it recorded a pre-tax loss on disposition of $746 million related to the classification of the Verizon Contributed Business as held for sale.
The company repurchased 82,430,902 shares of common stock for a total of $4.0 billion and paid $8.8 billion in cash dividends during the 9 months ended September 30, 2026. As of September 30, 2026, the remaining maximum amount available under the $25 billion repurchase program was $21.0 billion.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Completion of Frontier Acquisition and Consideration
The company said it completed the acquisition of Frontier on January 20, 2026, paying about $9.8 billion in cash at closing (including $335 million of acquired cash) and assuming about $12.9 billion of Frontier debt at fair value.
Source · Based on the MD&A text of the filing
Operating Cash Flow and Capital Expenditures (9 Months)
Verizon said net cash provided by operating activities for the 9 months ended September 30, 2026 increased by $1.9 billion from the prior-year period, and capital expenditures, including capitalized software, were $11.9 billion. The company cited the timing of cash tax payments and working capital effects as drivers of the higher operating cash flow, partially offset by lower earnings.
Source · Based on the MD&A text of the filing
Joint Venture with BT and Loss on Disposition
The company said it entered into a joint venture Transaction Agreement with BT and NewCo on June 28, 2026, under which each party will hold a 50% stake and the company will pay $625 million in cash. Over the 9 months, it recorded a pre-tax loss on disposition of $746 million related to the classification of the Verizon Contributed Business as held for sale.
Source · Based on the MD&A text of the filing
Share Repurchases and Dividends (9 Months)
The company repurchased 82,430,902 shares of common stock for a total of $4.0 billion and paid $8.8 billion in cash dividends during the 9 months ended September 30, 2026. As of September 30, 2026, the remaining maximum amount available under the $25 billion repurchase program was $21.0 billion.
Source · Based on the MD&A text of the filing
Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC filing.
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.
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