VZ » Topics » 2010 Expectations

This excerpt taken from the VZ 8-K filed Jan 26, 2010.

2010 Expectations

Regarding 2010, Verizon announced the following consolidated expectations:

 

   

Capital spending targeted in the range of $16.8 billion to $17.2 billion.

 

   

Incremental pressure of approximately 4 cents to 6 cents on EPS due to non-cash pension and retiree benefit costs.

 

   

An annual effective tax rate attributable to Verizon in the range of 33 percent to 35 percent.

 

   

A year-end net debt-to-EBITDA ratio (non-GAAP, total debt less cash and cash equivalents, divided by EBITDA on a comparable basis to 2009) of 1.4 to 1.5.

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