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Verizon ends 2019 with highest 4Q wireless adds in six years, increased cash flow and revenue growth

Financial results News - Published on Mon, 03 Feb 2020

Image Source: Verizon
Verizon Communications Inc closed 2019 with strong fourth-quarter results highlighted by earnings growth and the most fourth-quarter phone net additions in six years. Chairman and CEO Hans Vestberg said "Verizon delivered strong operational performance in the fourth quarter, highlighted by continued wireless customer growth in both Consumer and Business. In 2019, Verizon drove innovation in 5G, established a new operating structure and delivered solid financial results. We entered 2020 with great momentum as we expand our network leadership and remain focused on the customer to provide a best-in-class experience. Our 5G footprint continues to grow as we lead this era of transformational change by building these next-generation networks the right way."

2019 highlights Consolidated:

Full year EPS of $4.65, compared with $3.76 in 2018; adjusted EPS (non-GAAP), excluding special items, of $4.81, compared with 2018 adjusted EPS of $4.71.

Full-year 2019 operating cash flow of $35.7 billion, an increase from $34.3 billion in 2018.

Free cash flow (non-GAAP) of $17.8 billion in full-year 2019, up 0.7 percent year over year.

Unsecured debt is lower by $3.9 billion from year-end 2018.

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Posted By : TelecomGuru on Mon, 03 Feb 2020
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