SORT BY

FILTER BY

also on other fortune lists

company facts

f500 stats

Fortune 500

David Paul Morris — Bloomberg via Getty Images

13

Verizon

VZ

Verizon Communications moved to get smaller in 2015. A year after spending $130 billion to buy out wireless parter Vodafone, CEO Lowell McAdam sought to slim down and pay down some of the over $110 billion of long term debt he accumulated to pull off the buyout. That required selling off profitable but geographically remote landline telephone and FiOS cable television and Internet businesses in California, Texas and Florida to Frontier Communications for $10.5 billion. He raised another $5 billion selling off rights to more 11,000 cellular towers. Still, McAdam did need to make a few strategic additions. Verizon has frequently been rated as having the most comprehensive and widespread wireless network in the country but those airwaves have been filling up and getting ever more crowded. So McAdam spent big at the government’s Advanced Wireless Services spectrum auction, grabbing another 181 licenses. And in a play to move beyond subscription revenue and capture some of the growing digital advertising pie, McAdam snapped up AOL for $4 billion.

CEO

Lowell C. McAdam

Sector

Telecommunications

Industry

Telecommunications

HQ Location

New York, NY

Years on Fortune 500 List

22

Employees

177,700

Verizon is also featured in these fortune lists
Key Financials (last fiscal year)
$ millions% change
Revenues ($M)$131,6203.6%
Profits ($M)$17,87985.8%
Assets ($M)$244,640
Total Stockholder Equity ($M)$16,428
Market Value — as of March 31, 2016 ($M)$220,646
Profit Ratios
Profit as % of Revenues13.6%
Profits as % of Assets7.3%
Profits as % of Stockholder Equity108.8%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)4.37
EPS % Change (from 2014)80.6%
EPS % Change (5 year annual rate)37.2%
EPS % Change (10 year annual rate)5.1%
Total Return
Total Return to Investors (2015)3.5%
Total Return to Investors (5 year, annualized)10.3%
Total Return to Investors (10 year, annualized)10.8%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
  • Next Earnings Date:
  • High:
  • Low:
  • 52 Week High:
  • 52 Week Low:
  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
  • EPS:
  • Dividend Yield: n/a

News about Verizon

Why More Companies Should Imitate Verizon’s Big Content Acquisitions

Companies have to make bets to create a window on the future.

Read More →
New 5G Technology Will Speed Up Mobile Phones, Eventually

Sales could hit 300 million phones in 2025, according to new forecast.

Read More →
How Apple's Nifty Compensation Tweak Saved Tim Cook's $373 Million Payday

Shareholders thought the change would make Apple's CEO more accountable. It hasn't.

Read More →
T-Mobile, Sprint Close In on Verizon, AT&T For Best Mobile Network

Verizon still crows about its across-the-board sweep of national rankings.

Read More →
Here's What Happens to the Billions of Dollars in 911 Fees Phone Users Pay

Controversy has erupted over reduced fee collections on business lines.

Read More →

Videos about Verizon

Sprint and Verizon Are in a Twitter Feud

And poking at each other’s weaknesses

Read More →
Fortune Live for July 28, 2016: Sam Adams Beer, the DNC, and NASA

We stop by the Sam Adams Brewery, talk with NASA's Phil McAlister, and touch base with Fortune's Dan Primack at the DNC. Tune in!

Read More →
Here's the Next Challenge for Verizon After the Yahoo Deal

It just acquired Yahoo's core Internet business.

Read More →