EX-99.1 2 recast2024financialoperati.htm EX-99.1

Verizon Communications Inc.

Exhibit 99.1

Selected Historical Financial and Operating Information

Consumer - Selected Financial Results

(dollars in millions)

									3 Mos. Ended			3 Mos. Ended			3 Mos. Ended			3 Mos. Ended						12 Mos. Ended
Unaudited																		3/31/24			6/30/24			9/30/24			12/31/24						12/31/24
Operating Revenues
Service																		$	19,624		$	19,851		$	19,919		$	20,064					$	79,458
Wireless equipment																		4,490			4,143			4,478			6,487						19,598
Other																		943			933			963			1,009						3,848
Total Operating Revenues																		$	25,057		$	24,927		$	25,360		$	27,560					$	102,904

Footnotes:

Certain intersegment transactions with corporate entities have not been eliminated.

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Verizon Communications Inc.

Consumer - Selected Operating Statistics

Unaudited																		3/31/24			6/30/24			9/30/24			12/31/24
Connections (‘000):
Wireless retail postpaid phone																		74,523			74,407			74,412			74,772
																		3 Mos. Ended			3 Mos. Ended			3 Mos. Ended			3 Mos. Ended						12 Mos. Ended
Unaudited																		3/31/24			6/30/24			9/30/24			12/31/24						12/31/24
Gross Additions (‘000):
Wireless retail postpaid phone																		1,674			1,647			1,860			2,324						7,505
Net Additions (‘000):
Wireless retail postpaid phone																		(194)			(109)			18			367						82
Churn Rate:
Wireless retail postpaid phone																		0.83		%	0.79		%	0.83		%	0.88		%				0.83		%
Revenue Statistics (in millions):
Wireless service revenue																		$	16,760		$	16,985		$	17,036		$	17,170					$	67,951
Wireless Account Statistics:
Wireless retail postpaid ARPA(1)																		$	141.31		$	144.15		$	144.94		$	145.61					$	144.00

Footnotes:

(1) Wireless retail postpaid ARPA - average service revenue per account from retail postpaid accounts.

Where applicable, the operating results reflect certain adjustments, including those related to the reclassification of connections associated with Verizon’s second number offering, migration activity among different types of devices and plans, customer profile changes, and adjustments in connection with mergers, acquisitions and divestitures. Where applicable, historical results have been recast to conform to the current period presentation.

Certain intersegment transactions with corporate entities have not been eliminated.

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Verizon Communications Inc.

Business - Selected Operating Statistics

Unaudited																		3/31/24			6/30/24			9/30/24			12/31/24
Connections (‘000):
Wireless retail postpaid phone																		18,295			18,445			18,603			18,745
																		3 Mos. Ended			3 Mos. Ended			3 Mos. Ended			3 Mos. Ended						12 Mos. Ended
Unaudited																		3/31/24			6/30/24			9/30/24			12/31/24						12/31/24
Gross Additions (‘000):
Wireless retail postpaid phone																		694			737			770			740						2,941
Net Additions (‘000):
Wireless retail postpaid phone																		80			135			149			137						501
Churn Rate:
Wireless retail postpaid phone																		1.13		%	1.09		%	1.12		%	1.08		%				1.10		%
Revenue Statistics (in millions):
Wireless service revenue																		$	3,467		$	3,521		$	3,562		$	3,572					$	14,122

Footnotes:

Where applicable, the operating results reflect certain adjustments, including those related to the reclassification of connections associated with Verizon’s second number offering, migration activity among different types of devices and plans, customer profile changes, and adjustments in connection with mergers, acquisitions and divestitures. Where applicable, historical results have been recast to conform to the current period presentation.

Certain intersegment transactions with corporate entities have not been eliminated.

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Verizon Communications Inc.

Supplemental Information - Total Wireless Operating and Financial Statistics

The following supplemental schedule contains certain financial and operating metrics which reflect an aggregation of our Consumer and Business segments’ wireless results.

Unaudited																		3/31/24			6/30/24			9/30/24			12/31/24
Connections (‘000):
Retail postpaid phone																		92,818			92,852			93,015			93,517
																		3 Mos. Ended			3 Mos. Ended			3 Mos. Ended			3 Mos. Ended						12 Mos. Ended
Unaudited																		3/31/24			6/30/24			9/30/24			12/31/24						12/31/24
Net Additions (‘000):
Retail postpaid phone																		(114)			26			167			504						583
Account Statistics:
Retail postpaid ARPA(1)																		$	164.27		$	167.38		$	168.44		$	168.96					$	167.26
Churn Rate:
Retail postpaid phone																		0.89		%	0.85		%	0.88		%	0.92		%				0.88		%
Revenue Statistics (in millions)(2):
Wireless service																		$	20,227		$	20,506		$	20,598		$	20,742					$	82,073
Wireless equipment																		5,361			4,998			5,343			7,515						23,217
Wireless other																		871			867			907			953						3,598
Total Wireless																		$	26,459		$	26,371		$	26,848		$	29,210					$	108,888

Footnotes:

(1) Wireless retail postpaid ARPA - average service revenue per account from retail postpaid accounts.

(2) Intersegment transactions between Consumer or Business segment with corporate entities have not been eliminated.

Where applicable, the operating results reflect certain adjustments, including those related to the reclassification of connections associated with Verizon’s second number offering, migration activity among different types of devices and plans, customer profile changes, and adjustments in connection with mergers, acquisitions and divestitures. Where applicable, historical results have been recast to conform to the current period presentation.