REG-VerizonCommunication: 3rd Quarter Results <Origin Href="QuoteRef">VZ.N</Origin> - Part 2
24/11/2014 14:42
- Part 2: For the preceding part double click ID:nPRrL6F26a
Account Statistics
Retail Postpaid Accounts ('000) (2) 35,435 34,972 1.3
Retail postpaid ARPA $ 160.21 $ 152.84 4.8
Retail postpaid connections
per account (2) 2.82 2.72 3.7
Churn Detail
Retail postpaid 1.00% 0.97%
Retail 1.30% 1.27%
Retail Postpaid Connection Statistics
Total Smartphone postpaid % of
phones activated 90.6% 84.5%
Total Smartphone postpaid phone base (2) 76.5% 67.2%
Total Internet postpaid base (2) 13.1% 10.2%
Other Operating Statistics
Capital expenditures (in millions) $ 7,808 $ 6,720 16.2
Footnotes:
(1) Connection net additions exclude acquisitions and adjustments.
(2) Statistics presented as of end of period.
The segment financial results and metrics above are adjusted to exclude the
effects of non-operational items, as the Company's chief operating decision
maker excludes these items in assessing business unit performance.
Intersegment transactions have not been eliminated.
Certain reclassifications have been made, where appropriate, to reflect
comparable operating results.
Verizon Communications Inc.
Wireline - Selected Financial Results
(dollars in millions)
3 Mos. Ended 3 Mos. Ended
Unaudited 9/30/14 9/30/13 % Change
Operating Revenues
Consumer retail $ 3,902 $ 3,735 4.5
Small business 613 639 (4.1)
Mass Markets 4,515 4,374 3.2
Strategic services 2,068 2,048 1.0
Core 1,316 1,491 (11.7)
Global Enterprise 3,384 3,539 (4.4)
Global Wholesale 1,552 1,631 (4.8)
Other 125 113 10.6
Total Operating Revenues 9,576 9,657 (0.8)
Operating Expenses
Cost of services and sales 5,325 5,342 (0.3)
Selling, general and
administrative expense 2,048 2,094 (2.2)
Depreciation and amortization expense 1,978 2,074 (4.6)
Total Operating Expenses 9,351 9,510 (1.7)
Operating Income $ 225 $ 147 53.1
Operating Income Margin 2.3% 1.5%
Segment EBITDA $ 2,203 $ 2,221 (0.8)
Segment EBITDA Margin 23.0% 23.0%
Footnotes:
The segment financial results and metrics above are adjusted to exclude the
effects of non-operational items, as the Company's chief operating decision
maker excludes these items in assessing business unit performance.
Intersegment transactions have not been eliminated.
Certain reclassifications have been made, where appropriate, to reflect
comparable operating results.
* Not meaningful
Verizon Communications Inc.
Wireline - Selected Financial Results
(dollars in millions)
9 Mos. Ended 9 Mos. Ended
Unaudited 9/30/14 9/30/13 % Change
Operating Revenues
Consumer retail $ 11,606 $ 11,020 5.3
Small business 1,858 1,912 (2.8)
Mass Markets 13,464 12,932 4.1
Strategic services 6,214 6,059 2.6
Core 4,099 4,590 (10.7)
Global Enterprise 10,313 10,649 (3.2)
Global Wholesale 4,713 4,992 (5.6)
Other 379 339 11.8
Total Operating Revenues 28,869 28,912 (0.1)
Operating Expenses
Cost of services and sales 16,006 15,925 0.5
Selling, general and
administrative expense 6,228 6,517 (4.4)
Depreciation and amortization expense 6,016 6,254 (3.8)
Total Operating Expenses 28,250 28,696 (1.6)
Operating Income $ 619 $ 216 *
Operating Income Margin 2.1% 0.7%
Segment EBITDA $ 6,635 $ 6,470 2.6
Segment EBITDA Margin 23.0% 22.4%
Footnotes:
The segment financial results and metrics above are adjusted to exclude the
effects of non-operational items, as the Company's chief operating decision
maker excludes these items in assessing business unit performance.
Intersegment transactions have not been eliminated.
Certain reclassifications have been made, where appropriate, to reflect
comparable operating results.
* Not meaningful
Verizon Communications Inc.
Wireline - Selected Operating Statistics
Unaudited 9/30/14 9/30/13 % Change
Connections ('000)
FiOS Video Subscribers 5,533 5,170 7.0
FiOS Internet Subscribers 6,471 5,946 8.8
FiOS Digital Voice residence connections 4,514 4,069 10.9
FiOS Digital connections 16,518 15,185 8.8
HSI 2,675 3,049 (12.3)
Total Broadband connections 9,146 8,995 1.7
Primary residence switched access
connections 5,794 6,821 (15.1)
Primary residence connections 10,308 10,890 (5.3)
Total retail residence voice connections 10,743 11,421 (5.9)
Total voice connections 20,089 21,457 (6.4)
3 Mos. Ended 3 Mos. Ended
Unaudited 9/30/14 9/30/13 % Change
Net Add Detail ('000)
FiOS Video Subscribers 114 135 (15.6)
FiOS Internet Subscribers 162 173 (6.4)
FiOS Digital Voice residence
connections 74 252 (70.6)
FiOS Digital connections 350 560 (37.5)
HSI (93) (117) (20.5)
Total Broadband connections 69 56 23.2
Primary residence switched access
connections (213) (379) (43.8)
Primary residence connections (139) (127) 9.4
Total retail residence voice
connections (160) (162) (1.2)
Total voice connections (302) (371) (18.6)
Revenue and ARPU Statistics
Consumer ARPU $ 125.32 $ 113.65 10.3
FiOS revenues (in millions) $ 3,200 $ 2,823 13.4
Strategic services as a
% of total Enterprise revenues 61.1% 57.9%
Other Operating Statistics
Capital expenditures (in millions) $ 1,464 $ 1,518 (3.6)
Footnotes:
The segment financial results and metrics above are adjusted to exclude the
effects of non-operational items, as the Company's chief operating decision
maker excludes these items in assessing business unit performance.
Intersegment transactions have not been eliminated.
Certain reclassifications have been made, where appropriate, to reflect
comparable operating results.
9 Mos Ended 9 Mos Ended
Unaudited 9/30/14 9/30/13 % Change
Net Add Detail ('000)
FiOS Video Subscribers 271 444 (39.0)
FiOS Internet Subscribers 399 522 (23.6)
FiOS Digital Voice residence
connections 266 842 (68.4)
FiOS Digital connections 936 1,808 (48.2)
HSI (268) (322) (16.8)
Total Broadband connections 131 200 (34.5)
Primary residence switched
access connections (687) (1,161) (40.8)
Primary residence connections (421) (319) 32.0
Total retail residence voice connections (486) (428) 13.6
Total voice connections (996) (1,046) (4.8)
Revenue and ARPU Statistics
Consumer ARPU $ 122.60 $ 110.81 10.6
FiOS revenues (in millions) $ 9,366 $ 8,187 14.4
Strategic services as a
% of total Enterprise revenues 60.3% 56.9%
Other Operating Statistics
Capital expenditures (in millions) $ 4,194 $ 4,467 (6.1)
Wireline employees ('000) 79.4 83.6
FiOS Video Open for Sale ('000) 15,602 14,824
FiOS Video penetration 35.5% 34.9%
FiOS Internet Open for Sale ('000) 15,945 15,167
FiOS Internet penetration 40.6% 39.2%
Footnotes:
The segment financial results and metrics above are adjusted to exclude the
effects of non-operational items, as the Company's chief operating decision
maker excludes these items in assessing business unit performance.
Intersegment transactions have not been eliminated.
Certain reclassifications have been made, where appropriate, to reflect
comparable operating results.
SOURCE Verizon Communications Inc.
CONTACT: Bob Varettoni, +1-908-559-6388, robert.a.varettoni@verizon.com, or Ray
McConville, +1-908-559-3504, raymond.mcconville@verizon.com
END
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