Verizon Wireless 2007 Annual Report Download - page 19

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17
Selected Financial Data
VERIZON COMMUNICATIONS INC. AND SUBSIDIARIES
Verizon S&P 500 Telecom Services S&P 500
Stock Performance Graph
$0
$100
$80
$60
$20
$40
$140
$120
$200
$180
$160
2002 2003 2004 2005 2006 2007
Dollars
Comparison of Five-Year Total Return Among Verizon, S&P 500 Telecom Services Index and S&P 500 Stock Index
The graph compares the cumulative total returns of Verizon, the S&P 500 Telecommunications Services Index, and the S&P 500 Stock Index over a five-year period, adjusted for the spin-off of
our domestic print and Internet yellow pages directories business. It assumes $100 was invested on December 31, 2002, with dividends reinvested.
Data Points in Dollars
At December 31,
2002 2003 2004 2005 2006 2007
Verizon 100.0 94.5 113.6 88.5 119.1 145.4
S&P Telecom Services 100.0 107.2 128.5 121.6 166.2 185.9
S&P 500 100.0 128.7 142.7 149.6 173.3 182.8
(dollars in millions, except per share amounts)
2007 2006 2005 2004 2003
Results of Operations
Operating revenues $ 93,469 $ 88,182 $ 69,518 $ 65,751 $ 61,754
Operating income 15,578 13,373 12,581 10,870 5,312
Income before discontinued operations, extraordinary item
and cumulative eect of accounting change 5,510 5,480 6,027 5,899 2,168
Per common share – basic 1.90 1.88 2.18 2.13 .79
Per common share – diluted 1.90 1.88 2.16 2.11 .79
Net income available to common shareowners 5,521 6,197 7,397 7,831 3,077
Per common share – basic 1.91 2.13 2.67 2.83 1.12
Per common share – diluted 1.90 2.12 2.65 2.79 1.12
Cash dividends declared per common share 1.67 1.62 1.62 1.54 1.54
Financial Position
Total assets $ 186,959 $ 188,804 $ 168,130 $ 165,958 $ 165,968
Debt maturing within one year 2,954 7,715 6,688 3,476 5,883
Long-term debt 28,203 28,646 31,569 34,970 38,609
Employee benet obligations 29,960 30,779 17,693 16,796 15,726
Minority interest 32,288 28,337 26,433 24,709 24,023
Shareowners’ investment 50,581 48,535 39,680 37,560 33,466
• Significanteventsaffectingourhistoricalearningstrendsin2005through2007aredescribedinManagement’sDiscussionandAnalysisofResultsofOperationsandFinancialCondition.
• 2004dataincludessalesofbusiness,severance,pensionandbenefitchargesandotheritems.
• 2003dataincludesseverance,pensionandbenefitchargesandotheritems.