Verizon Wireless 2008 Annual Report Download - page 15

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13
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
2003 2004 2005 2006 2007 2008
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 local exchange and related business assets in Maine, New Hampshire and Vermont and our domestic print and Internet yellow pages directories business. It assumes $100 was invested on
December 31, 2003, with dividends reinvested.
Data Points in Dollars
At December 31,
2003 2004 2005 2006 2007 2008
Verizon 100.0 120.2 93.7 126.0 153.9 126.1
S&P Telecom Services 100.0 119.9 113.5 155.0 173.4 120.6
S&P 500 100.0 110.9 116.3 134.7 142.1 89.5
(dollars in millions, except per share amounts)
2008 2007 2006 2005 2004
Results of Operations
Operating revenues $97,354 $ 93,469 $ 88,182 $ 69,518 $ 65,751
Operating income 16,884 15,578 13,373 12,581 10,870
Income before discontinued operations, extraordinary item
and cumulative eect of accounting change 6,428 5,510 5,480 6,027 5,899
Per common share – basic 2.26 1.90 1.88 2.18 2.13
Per common share – diluted 2.26 1.90 1.88 2.16 2.11
Net income available to common shareowners 6,428 5,521 6,197 7,397 7,831
Per common share – basic 2.26 1.91 2.13 2.67 2.83
Per common share – diluted 2.26 1.90 2.12 2.65 2.79
Cash dividends declared per common share 1.78 1.67 1.62 1.62 1.54
Financial Position
Total assets $202,352 $ 186,959 $ 188,804 $ 168,130 $ 165,958
Debt maturing within one year 4,993 2,954 7,715 6,688 3,476
Long-term debt 46,959 28,203 28,646 31,569 34,970
Employee benet obligations 32,512 29,960 30,779 17,693 16,796
Minority interest 37,199 32,288 28,337 26,433 24,709
Shareowners’ investment 41,706 50,581 48,535 39,680 37,560
• Significanteventsaffectingourhistoricalearningstrendsin2006through2008aredescribedinManagement’sDiscussionandAnalysisofFinancialConditionandResultsofOperations.
• 2005dataincludessalesofbusiness,leaseimpairment,severance,pensionandbenefitchargesandotheritems.
• 2004dataincludessalesofbusiness,severance,pensionandbenefitchargesandotheritems.