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This excerpt taken from the VZ 10-K filed Feb 26, 2010. Operating Income
Operating income in 2009 increased by $3,511 or 25.1%, compared to 2008 and increased by $2,199 million, or 18.6%, in 2008 compared to 2007, as a result of the impact of factors described in connection with operating revenue and operating expenses above. Non-recurring or non-operational items not included in Domestic Wireless’s operating income totaled $954 million in 2009 for merger integration and acquisition costs primarily related to the acquisition of Alltel.
The Wireline segment provides customers with communication products and services, including voice, broadband video and data, network access, long distance, and other services, to residential and small business customers and carriers, as well as next-generation IP network services and communications solutions to medium and large businesses and government customers globally. The results of operations presented below exclude the local exchange and related business assets in Maine, New Hampshire and Vermont that were spun-off on March 31, 2008. This excerpt taken from the VZ 8-K filed Nov 2, 2009. Operating Income
Operating income in 2008 increased by $2,199 million, or 18.6%, compared to 2007 and increased by $2,195 million, or 22.9%, in 2007 compared to 2006, primarily due to the impact of operating revenue and operating expenses described above.
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The Wireline segment consists of the operations of Verizon Telecom, which provides communication services, including voice, broadband video and data, network access, long distance, and other services to residential and small business customers and carriers, and Verizon Business, which provides voice, data and Internet communications services as well as next-generation IP network services to medium and large business customers, multi-national corporations, and state and federal government customers globally. The results of operations presented below exclude the local exchange and related businesses in Maine, New Hampshire and Vermont that were spun-off on March 31, 2008. This excerpt taken from the VZ 10-Q filed May 11, 2009. Operating Income
Operating income in the first quarter of 2009 increased by $1,016 million, or 31.2%, compared to the similar period in 2008, primarily as a result of the acquisition of Alltel and the impact of operating revenue and operating expenses described above. Non-recurring items not included in Domestic Wireless’s operating income totaled $246 million in the first quarter of 2009, which included acquisition charges and merger integration costs related to the Alltel acquisition.
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The Wireline segment provides customers with communication services, including voice, broadband video and data, network access, long distance, and other services to residential and small business customers and carriers, as well as next-generation IP network services and communications solutions to medium and large businesses and government customers globally. The results of operations presented below exclude the local exchange and related businesses in Maine, New Hampshire and Vermont that were spun-off on March 31, 2008. These excerpts taken from the VZ 10-K filed Feb 24, 2009. Operating Income
Operating income in 2008 increased by $2,199 million, or 18.6%, compared to 2007 and increased by $2,195 million, or 22.9%, in 2007 compared to 2006, primarily due to the impact of operating revenue and operating expenses described above.
The Wireline segment consists of the operations of Verizon Telecom, which provides communication services, including voice, broadband video and data, network access, long distance, and other services to residential and small business customers and carriers, and Verizon Business, which provides voice, data and Internet communications services as well as next-generation IP network services to medium and large business customers, multi-national corporations, and state and federal government customers globally. The results of operations presented below exclude the local exchange and related businesses in Maine, New Hampshire and Vermont that were spun-off on March 31, 2008. Operating Income
Operating income in 2008 increased by $2,199 million, or 18.6%, compared to 2007 and increased by
The Wireline segment consists of the operations of Verizon Telecom, which provides communication This excerpt taken from the VZ 10-Q filed Oct 28, 2008. Operating Income
Segment operating income in the third quarter of 2008 decreased $89 million, or 7.8%, and $156 million or 4.7% for the nine months ended September 30, 2008 compared to the similar periods in 2007 due to the impact of operating revenues and operating expenses described above. Non-recurring or non-operational items not included in Verizon Wireline’s segment operating results totaled $307 million and $359 million, respectively, for the three and nine months ended September 30, 2008. Items in the third quarter of 2008 included costs associated with continued merger integration initiatives and severance and severance-related costs as well as pension settlement losses. Non-recurring or non-operational items in nine months ended September 30, 2008 also included the results of operations spun-off during the first quarter of 2008 and the costs incurred in connection with the spin-off related to network, non-network software, and other activities. Non-recurring or non-operational items not included in operating income totaled $9 million and $49 million, respectively, for the three and nine months ended September 30, 2007 and included the results of operations spun-off during the first quarter of 2008 and costs associated with merger integration initiatives.
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Our Domestic Wireless segment provides wireless voice and data services, other value-added services and equipment sales across the United States. This segment primarily represents the operations of the Verizon joint venture with Vodafone, operating as Verizon Wireless. This excerpt taken from the VZ 10-Q filed Jul 29, 2008. Operating Income
Segment operating income decreased by $24 million, or 2.2% and $67 million or 3.1% for the three and six months ended June 30, 2008 compared to the similar periods in 2007 due to the impact of operating revenues and operating expenses described above. Non-recurring or non-operational items not included in Verizon Wireline’s operating income totaled $33 million and $52 million, respectively, for the three and six months ended June 30, 2008. Non-recurring or non-operational items in the second quarter of 2008 included costs associated with continued merger integration initiatives. The six months ended June 30, 2008 also included the results of operations of the local exchange and related business assets in Maine, New Hampshire and Vermont spun-off during the first quarter of 2008 and the costs incurred in connection with the spin-off related to network, non-network software, and other activities. Non-recurring or non-operational items not included in Verizon Wireline’s operating income totaled $19 million and $57 million, respectively, for the three and six months ended June 30, 2007. The three and six months ended June 30, 2007 included the results of operations spun-off during the first quarter of 2008 and costs associated with continued merger integration initiatives primarily relating to the former MCI.
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Our Domestic Wireless segment provides wireless voice and data services, other value-added services and equipment sales across the United States. This segment primarily represents the operations of the Verizon Wireless joint venture with Vodafone. This excerpt taken from the VZ 10-Q filed Apr 29, 2008. Operating Income
Segment operating income decreased by $51 million or 4.5% in the first quarter of 2008 compared to the similar period in 2007 due to the impact of operating revenues and operating expenses described above. Non-recurring or non-operational items not included in Verizon Wireline’s operating income totaled $132 million and $14 million in the first quarter of 2008 and 2007, respectively. Non-recurring or non-operational items included in the first quarter of 2008 included costs associated with continued merger integration initiatives and costs incurred related to network, non-network software, and other activities in connection with the spin-off of local exchange assets in Maine, New Hampshire and Vermont. Non-recurring or non-operational items in the first quarter of 2007 included costs associated with continued merger integration initiatives primarily relating to the former MCI.
Our Domestic Wireless segment provides wireless voice and data services, other value-added services and equipment sales across the United States. This segment primarily represents the operations of the Verizon Wireless joint venture with Vodafone. | EXCERPTS ON THIS PAGE:
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