REG-VerizonCommunication: Half-yearly Report <Origin Href="QuoteRef">VZ.N</Origin> - Part 2
21/07/2015 12:30
- Part 2: For the preceding part double click ID:nPRrL12FEa
Retail prepaid 5,817 6,044 (3.8)
Retail 109,548 104,637 4.7
3 Mos. Ended 3 Mos. Ended 6 Mos. Ended 6 Mos. Ended
Unaudited 6/30/15 6/30/14 % Change 6/30/15 6/30/14 % Change
Net Add Detail ('000) (1)
Retail postpaid 1,134 1,441 (21.3) 1,699 1,980 (14.2)
Retail prepaid (126) (14) * (314) (4) *
Retail 1,008 1,427 (29.4) 1,385 1,976 (29.9)
Account Statistics
Retail Postpaid Accounts ('000) (2) 35,560 35,186 1.1
Retail postpaid ARPA $ 153.73 $ 159.73 (3.8) $ 154.93 $ 159.70 (3.0)
Retail postpaid connections per account (2) 2.92 2.80 4.3
Churn Detail
Retail postpaid 0.90% 0.94% 0.97% 1.00%
Retail 1.18% 1.25% 1.26% 1.31%
Retail Postpaid Connection Statistics
Total Smartphone postpaid % of phones activated 91.7% 90.8% 91.6% 90.4%
Total Smartphone postpaid phone base (2) 81.2% 74.6%
Total Internet postpaid base (2) 15.4% 12.3%
Other Operating Statistics
Capital expenditures (in millions) $ 3,126 $ 2,771 12.8 $ 5,545 $ 5,325 4.1
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 6 Mos. Ended 6 Mos. Ended
Unaudited 6/30/15 6/30/14 % Change 6/30/15 6/30/14 % Change
Operating Revenues
Consumer retail $ 4,037 $ 3,864 4.5 $ 8,029 $ 7,704 4.2
Small business 593 621 (4.5) 1,193 1,245 (4.2)
Mass Markets 4,630 4,485 3.2 9,222 8,949 3.1
Strategic services 2,030 2,075 (2.2) 4,078 4,146 (1.6)
Core 1,195 1,369 (12.7) 2,410 2,769 (13.0)
Global Enterprise 3,225 3,444 (6.4) 6,488 6,915 (6.2)
Global Wholesale 1,491 1,562 (4.5) 3,015 3,145 (4.1)
Other 77 140 (45.0) 167 284 (41.2)
Total Operating Revenues 9,423 9,631 (2.2) 18,892 19,293 (2.1)
Operating Expenses
Cost of services 5,206 5,342 (2.5) 10,493 10,681 (1.8)
Selling, general and administrative expense 2,007 2,031 (1.2) 4,038 4,180 (3.4)
Depreciation and amortization expense 1,706 2,005 (14.9) 3,452 4,038 (14.5)
Total Operating Expenses 8,919 9,378 (4.9) 17,983 18,899 (4.8)
Operating Income $ 504 $ 253 99.2 $ 909 $ 394 *
Operating Income Margin 5.3% 2.6% 4.8% 2.0%
Segment EBITDA $ 2,210 $ 2,258 (2.1) $ 4,361 $ 4,432 (1.6)
Segment EBITDA Margin 23.5% 23.4% 23.1% 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 6/30/15 6/30/14 % Change
Connections ('000)
FiOS Video Subscribers 5,765 5,419 6.4
FiOS Internet Subscribers 6,821 6,309 8.1
FiOS Digital Voice residence connections 4,661 4,440 5.0
FiOS Digital connections 17,247 16,168 6.7
HSI 2,400 2,768 (13.3)
Total Broadband connections 9,221 9,077 1.6
Primary residence switched access connections 5,194 6,007 (13.5)
Primary residence connections 9,855 10,447 (5.7)
Total retail residence voice connections 10,239 10,903 (6.1)
Total voice connections 19,079 20,391 (6.4)
3 Mos. Ended 3 Mos. Ended 6 Mos. Ended 6 Mos. Ended
Unaudited 6/30/15 6/30/14 % Change 6/30/15 6/30/14 % Change
Net Add Detail ('000)
FiOS Video Subscribers 26 100 (74.0) 116 157 (26.1)
FiOS Internet Subscribers 72 139 (48.2) 205 237 (13.5)
FiOS Digital Voice residence connections - 90 * 59 192 (69.3)
FiOS Digital connections 98 329 (70.2) 380 586 (35.2)
HSI (97) (93) 4.3 (189) (175) 8.0
Total Broadband connections (25) 46 * 16 62 (74.2)
Primary residence switched access connections (203) (217) (6.5) (402) (474) (15.2)
Primary residence connections (203) (127) 59.8 (343) (282) 21.6
Total retail residence voice connections (218) (145) 50.3 (376) (326) 15.3
Total voice connections (396) (342) 15.8 (716) (694) 3.2
Revenue Statistics
FiOS revenues (in millions) $ 3,438 $ 3,125 10.0 $ 6,790 $ 6,166 10.1
Strategic services as a % of total Enterprise revenues 62.9% 60.2% 62.9% 60.0%
Other Operating Statistics
Capital expenditures (in millions) $ 1,134 $ 1,345 (15.7) $ 2,211 $ 2,730 (19.0)
Wireline employees ('000) 72.7 80.6
FiOS Video Open for Sale ('000) 16,126 15,372
FiOS Video penetration 35.7% 35.3%
FiOS Internet Open for Sale ('000) 16,462 15,722
FiOS Internet penetration 41.4% 40.1%
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
CONTACT: Bob Varettoni, 908-559-6388, robert.a.varettoni@verizon.com; Ray
McConville, 908-559-3504, raymond.mcconville@verizon.com
END
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