Verizon Wireless 2007 Annual Report Download - page 2

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Financial Highlights
(as of December 31, 2007)
Corporate Highlights
$2.56 $2.39
$2.54
$1.90
$2.65
$2.12
$69.5
$88.2 $93.5
$20.4
$23.0
$26.3 $1.62$1.62 $1.67
Adjusted Diluted
Earnings per Share
(non-GAAP)
05 06 0705 06 07
Reported Diluted
Earnings per Share
Consolidated
Revenues
(billions)
Operating Cash Flow
from Continuing
Operations
(billions)
Declared Dividends
per Share
05 06 07 05 06 07 05 06 07
> 5.8% consolidated revenue growth
> 17.9% operating income growth
> 14.2% increase in operating cash flow from continuing operations
> 6.2% increase in annual dividend
> $2.8 billion in share repurchases
Note: Prior-period amounts have been reclassified to reflect comparable results.
See www.verizon.com/investor for reconciliations to generally accepted accounting principles (GAAP) for the non-GAAP financial measures included in this annual report. Verizon’s 2006 reported results
include revenues and expenses from the former MCI, Inc., subsequent to the close of the merger in January 2006. Information provided in this annual report on a pro forma (non-GAAP) basis presents the
combined operating results of Verizon and the former MCI on a comparable basis. Discontinued operations include Verizon’s former directory publishing unit, which was spun-off to shareowners in the
fourth quarter 2006, and the operations of Verizon Dominicana C. por A. (Verizon Dominicana) and Telecomunicaciones de Puerto Rico Inc. (TELPRI) following second quarter 2006 agreements to sell the
businesses. The Verizon Dominicana sale closed in the fourth quarter 2006. The TELPRI sale closed in the first quarter of 2007. Corporate Highlights shown above are presented on a pro forma and
adjusted basis. Intra- and inter-segment transactions have not been eliminated from the business group revenue totals cited in this document.
In keeping with Verizon’s commitment to protecting the environment, this annual report is printed on recycled paper.