Financials Verizon Communications, Inc.

Equities

VZ

US92343V1044

Integrated Telecommunications Services

Market Closed - Nyse Other stock markets 04:00:02 2024-12-06 pm EST			5-day change	1st Jan Change
42.37 ^USD	-0.42%		-4.44%	+12.39%

Dec. 06	FCC Proposes New Cybersecurity Rules for Telecoms Following Salt Typhoon Breach	MT
Dec. 05	FCC chair proposes cybersecurity rules in response to China's Salt Typhoon telecom hack	RE

Projected Income Statement: Verizon Communications, Inc.

income-statement-evolution-chart VERIZON-COMMUNICATIONS-IN

Fiscal Period: Dicembre	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	131,868	128,292	133,613	136,835	133,974	134,571	137,299	139,844
Change	-	-2.71%	4.15%	2.41%	-2.09%	0.45%	2.03%	1.85%
EBITDA ¹	47,189	47,060	48,380	47,870	47,789	48,414	49,952	51,169
Change	-	-0.27%	2.8%	-1.05%	-0.17%	1.31%	3.18%	2.44%
EBIT ¹	30,378	28,798	32,448	30,467	22,877	29,004	32,054	32,936
Change	-	-5.2%	12.67%	-6.11%	-24.91%	26.78%	10.51%	2.75%
Interest Paid ¹	-4,730	-4,247	-3,485	-3,613	-5,524	-6,660	-6,479	-6,390
Earnings before Tax (EBT) ¹	22,733	23,967	29,420	28,271	16,987	22,374	25,936	26,971
Change	-	5.43%	22.75%	-3.91%	-39.91%	31.71%	15.92%	3.99%
Net income ¹	19,265	17,801	22,065	21,256	11,614	17,103	19,581	20,362
Change	-	-7.6%	23.95%	-3.67%	-45.36%	47.27%	14.49%	3.99%
Announcement Date	1/30/20	1/26/21	1/25/22	1/24/23	1/23/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: Diciembre	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	34,775	31,610	30,447	31,543	34,692	32,867	33,764	32,915	34,067	33,554	33,789	34,241	35,251	32,912	32,596	33,336	35,130	32,981	32,796	33,330	35,440	33,663	33,772	34,193	36,037	34,111	34,581	34,755
Change	-	-9.1%	-3.68%	3.6%	9.98%	-5.26%	2.73%	-2.51%	3.5%	-1.51%	0.7%	1.34%	2.95%	-6.64%	-0.96%	2.27%	5.38%	-6.12%	-0.56%	1.63%	6.33%	-5.01%	0.33%	1.25%	5.39%	-5.34%	1.38%	0.5%
EBITDA ¹	11,134	11,924	11,542	11,870	11,724	12,167	12,185	12,263	11,765	12,032	11,873	12,218	11,747	11,902	11,971	12,238	11,678	12,072	12,301	12,491	12,148	12,393	12,552	12,621	12,400	12,736	12,956	13,069
Change	-	7.1%	-3.2%	2.84%	-1.23%	3.78%	0.15%	0.64%	-4.06%	2.27%	-1.32%	2.91%	-3.85%	1.32%	0.58%	2.23%	-4.58%	3.37%	1.9%	1.54%	-2.74%	2.02%	1.28%	0.55%	-1.75%	2.71%	1.73%	0.87%
EBIT ¹	6,639	6,579	7,361	7,678	7,180	7,770	8,165	8,905	7,608	7,796	7,552	7,894	7,225	7,584	7,220	7,473	600	7,521	7,818	5,926	7,666	7,953	8,111	8,193	7,863	8,337	8,434	8,640
Change	-	-0.9%	11.89%	4.31%	-6.49%	8.22%	5.08%	9.06%	-14.56%	2.47%	-3.13%	4.53%	-8.47%	4.97%	-4.8%	3.5%	-91.97%	1,153.5%	3.95%	-24.2%	29.35%	3.75%	1.99%	1.01%	-4.03%	6.03%	1.16%	2.44%
Charge d'intérêts ¹	-1,159	-1,034	-1,089	-1,044	-1,080	-1,101	-844	-801	-739	-786	-785	-937	-1,105	-1,207	-1,285	-1,433	-1,599	-1,635	-1,698	-1,672	-1,668	-1,655	-1,580	-1,632	-1,631	-1,619	-1,619	-1,619
Earnings before Tax (EBT) ¹	3,712	5,676	6,187	5,851	6,253	7,078	7,824	8,374	6,144	6,083	6,857	6,520	8,811	6,500	6,112	6,192	-1,817	6,075	6,034	4,302	6,067	6,497	6,650	6,732	6,295	6,843	6,940	7,145
Change	-	52.91%	9%	-5.43%	6.87%	13.19%	10.54%	7.03%	-26.63%	-0.99%	12.72%	-4.91%	35.14%	-26.23%	-5.97%	1.31%	-	-	-0.67%	-28.7%	41.03%	7.09%	2.35%	1.24%	-6.5%	8.71%	1.42%	2.95%
Net income ¹	5,095	4,156	4,700	4,357	4,588	5,245	5,800	6,407	4,613	4,580	5,199	4,900	6,577	4,909	4,648	4,762	-2,705	4,602	4,593	3,306	4,620	4,783	4,954	4,976	4,769	5,106	5,179	5,335
Change	-	-18.43%	13.09%	-7.3%	5.3%	14.32%	10.58%	10.47%	-28%	-0.72%	13.52%	-5.75%	34.22%	-25.36%	-5.32%	2.45%	-	-	-0.2%	-28.02%	39.75%	3.53%	3.58%	0.44%	-4.17%	7.07%	1.43%	3.01%
Announcement Date	1/30/20	4/24/20	7/24/20	10/21/20	1/26/21	4/21/21	7/21/21	10/20/21	1/25/22	4/22/22	7/22/22	10/21/22	1/24/23	4/25/23	7/25/23	10/24/23	1/23/24	4/22/24	7/22/24	10/22/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Verizon Communications, Inc.

balance-sheet-analysis-chart VERIZON-COMMUNICATIONS-IN

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	108,895	106,891	155,390	148,034	148,609	144,828	139,136	134,469
Change	-	-1.84%	45.37%	-4.73%	0.39%	-2.54%	-3.93%	-3.35%
Announcement Date	1/30/20	1/26/21	1/25/22	1/24/23	1/23/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Verizon Communications, Inc.

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	17,939	18,200	20,286	23,087	18,767	17,106	18,037	18,490
Change	-	1.45%	11.46%	13.81%	-18.71%	-8.85%	5.45%	2.51%
Free Cash Flow (FCF) ¹	17,807	23,600	19,253	14,054	18,708	18,696	17,939	18,910
Change	-	32.53%	-18.42%	-27%	33.12%	-0.07%	-4.05%	5.41%
Announcement Date	1/30/20	1/26/21	1/25/22	1/24/23	1/23/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Verizon Communications, Inc.

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	35.79%	36.68%	36.21%	34.98%	35.67%	35.98%	36.38%	36.59%
EBIT Margin (%)	23.04%	22.45%	24.29%	22.27%	17.08%	21.55%	23.35%	23.55%
EBT Margin (%)	17.24%	18.68%	22.02%	20.66%	12.68%	16.63%	18.89%	19.29%
Net margin (%)	14.61%	13.88%	16.51%	15.53%	8.67%	12.71%	14.26%	14.56%
FCF margin (%)	13.5%	18.4%	14.41%	10.27%	13.96%	13.89%	13.07%	13.52%
FCF / Net Income (%)	92.43%	132.58%	87.26%	66.12%	161.08%	109.31%	91.61%	92.87%
Profitability
ROA	6.92%	5.85%	6.56%	5.83%	5.23%	4.9%	5.04%	5.06%
ROE	33.64%	31.4%	29.92%	25.17%	21.64%	19.21%	18.82%	17.82%
Financial Health
Leverage (Debt/EBITDA)	2.31x	2.27x	3.21x	3.09x	3.11x	2.99x	2.79x	2.63x
Debt / Free cash flow	6.12x	4.53x	8.07x	10.53x	7.94x	7.75x	7.76x	7.11x
Capital Intensity
CAPEX / Current Assets (%)	13.6%	14.19%	15.18%	16.87%	14.01%	12.71%	13.14%	13.22%
CAPEX / EBITDA (%)	38.02%	38.67%	41.93%	48.23%	39.27%	35.33%	36.11%	36.13%
CAPEX / FCF (%)	100.74%	77.12%	105.37%	164.27%	100.32%	91.5%	100.55%	97.78%
Items per share
Cash flow per share ¹	8.634	10.08	9.528	8.835	8.899	8.218	8.377	8.529
Change	-	16.79%	-5.52%	-7.27%	0.73%	-7.65%	1.94%	1.81%
Dividend per Share ¹	2.435	2.485	2.535	1.932	2.635	2.682	2.732	2.781
Change	-	2.05%	2.01%	-23.77%	36.35%	1.8%	1.84%	1.81%
Book Value Per Share ¹	14.84	16.39	19.82	21.7	22.97	23.13	25.08	27.11
Change	-	10.45%	20.89%	9.5%	5.84%	0.72%	8.42%	8.09%
EPS ¹	4.65	4.3	5.32	5.06	2.75	4.035	4.656	4.829
Change	-	-7.53%	23.72%	-4.89%	-45.65%	46.73%	15.38%	3.73%
Nbr of stocks (in thousands)	4,135,784	4,138,094	4,197,774	4,199,817	4,204,102	4,209,626	4,209,626	4,209,626
Announcement Date	1/30/20	1/26/21	1/25/22	1/24/23	1/23/24	-	-	-