REG-VerizonCommunication: 3rd Quarter Results <Origin Href="QuoteRef">VZ.N</Origin> - Part 2
20/10/2015 12:30
- Part 2: For the preceding part double click ID:nPRrK8B69a
Retail 110,760 106,156 4.3
3 Mos. Ended 3 Mos. Ended 9 Mos. Ended 9 Mos. Ended
Unaudited 9/30/15 9/30/14 % Change 9/30/15 9/30/14 % Change
Net Add Detail ('000) (1)
Retail postpaid 1,289 1,516 (15.0) 2,988 3,496 (14.5)
Retail prepaid (80) 9 * (394) 5 *
Retail 1,209 1,525 (20.7) 2,594 3,501 (25.9)
Account Statistics
Retail Postpaid Accounts ('000) (2) 35,677 35,435 0.7
Retail postpaid ARPA $ 152.38 $ 161.24 (5.5) $ $ 160.21 (3.8)
154.08
Retail postpaid connections per account (2) 2.94 2.82 4.3
Churn Detail
Retail postpaid 0.93% 1.00% 0.95% 1.00%
Retail 1.21% 1.29% 1.24% 1.30%
Retail Postpaid Connection Statistics
Total Smartphone postpaid % of phones activated 91.3% 91.0% 91.5% 90.6%
Total Smartphone postpaid phone base (2) 82.4% 76.5%
Total Internet postpaid base (2) 16.0% 13.1%
Other Operating Statistics
Capital expenditures (in millions) $ $ 17.6 $ $ 8.4
2,921 2,483 8,466 7,808
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.
* Not meaningful
Verizon Communications Inc.
Wireline - Selected Financial Results
(dollars in millions)
3 Mos. Ended 3 Mos. Ended 9 Mos. Ended 9 Mos. Ended
Unaudited 9/30/15 9/30/14 % Change 9/30/15 9/30/14 % Change
Operating Revenues
Consumer retail $ $ 2.8 $ $ 3.7
4,012 3,902 12,041 11,606
Small business 585 613 (4.6) 1,778 1,858 (4.3)
Mass Markets 4,597 4,515 1.8 13,819 13,464 2.6
Strategic services 2,012 2,067 (2.7) 6,090 6,213 (2.0)
Core 1,196 1,308 (8.6) 3,606 4,077 (11.6)
Global Enterprise 3,208 3,375 (4.9) 9,696 10,290 (5.8)
Global Wholesale 1,466 1,544 (5.1) 4,481 4,689 (4.4)
Other 84 142 (40.8) 251 426 (41.1)
Total Operating Revenues 9,355 9,576 (2.3) 28,247 28,869 (2.2)
Operating Expenses
Cost of services 5,203 5,325 (2.3) 15,696 16,006 (1.9)
Selling, general and administrative expense 1,952 2,048 (4.7) 5,990 6,228 (3.8)
Depreciation and amortization expense 1,623 1,978 (17.9) 5,075 6,016 (15.6)
Total Operating Expenses 8,778 9,351 (6.1) 26,761 28,250 (5.3)
Operating Income $ $ * $ $ *
577 225 1,486 619
Operating Income Margin 6.2% 2.3% 5.3% 2.1%
Segment EBITDA $ $ (0.1) $ $ (1.1)
2,200 2,203 6,561 6,635
Segment EBITDA Margin 23.5% 23.0% 23.2% 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 Operating Statistics
Unaudited 9/30/15 9/30/14 % Change
Connections ('000)
fios video subscribers 5,807 5,533 5.0
fios internet subscribers 6,935 6,471 7.2
fios digital voice residence connections 4,703 4,514 4.2
fios digital connections 17,445 16,518 5.6
HSI 2,288 2,675 (14.5)
Total Broadband connections 9,223 9,146 0.8
Primary residence switched access connections 4,982 5,794 (14.0)
Primary residence connections 9,685 10,308 (6.0)
Total retail residence voice connections 10,051 10,743 (6.4)
Total voice connections 18,740 20,089 (6.7)
3 Mos. Ended 3 Mos. Ended 9 Mos. Ended 9 Mos. Ended
Unaudited 9/30/15 9/30/14 % Change 9/30/15 9/30/14 % Change
Net Add Detail ('000)
fios video subscribers 42 114 (63.2) 158 271 (41.7)
fios internet subscribers 114 162 (29.6) 319 399 (20.1)
fios digital voice residence connections 42 74 (43.2) 101 266 (62.0)
fios digital connections 198 350 (43.4) 578 936 (38.2)
HSI (112) (93) 20.4 (301) (268) 12.3
Total Broadband connections 2 69 (97.1) 18 131 (86.3)
Primary residence switched access connections (212) (213) (0.5) (614) (687) (10.6)
Primary residence connections (170) (139) 22.3 (513) (421) 21.9
Total retail residence voice connections (188) (160) 17.5 (564) (486) 16.0
Total voice connections (339) (302) 12.3 (1,055) (996) 5.9
Revenue Statistics
fios revenues (in millions) $ $ 7.5 $ $ 9.2
3,439 3,200 10,229 9,366
Strategic services as a % of total Enterprise revenues 62.7% 61.2% 62.8% 60.4%
Other Operating Statistics
Capital expenditures (in millions) $ $ (17.9) $ $ (18.6)
1,202 1,464 3,413 4,194
Wireline employees ('000) 71.4 79.4
fios video open for sale ('000) 16,304 15,602
fios video penetration 35.6% 35.5%
fios internet open for sale ('000) 16,641 15,945
fios internet penetration 41.7% 40.6%
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.
SOURCE Verizon Communications Inc.
CONTACT: Bob Varettoni, 908.559.6388, robert.a.varettoni@verizon.com
END
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