Verizon Wireless 2009 Annual Report Download - page 2

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Financial Highlights
(as of December 31, 2009)
$2.39 $2.40$2.40
$2.54
$1.29
$1.90
$2.26
$93.5 $97.4
$107.8
$27.4 $27.6
$31.6 $1.78
$1.67
$1.87
Adjusted Diluted
Earnings per Share
(non-GAAP)
07 08 0907 08 09
Reported Diluted
Earnings per Share
Consolidated
Revenues
(billions)
Operating Cash Flow
from Continuing
Operations
(billions)
Declared Dividends
per Share
07 08 09 07 08 09 07 08 09
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 results for the periods
presented have been adjusted to reflect the spinoff of local exchange and related business assets in Maine, New Hampshire and Vermont in March 2008. These reclassifications were determined using spe-
cific information where available and allocations where data is not maintained on a state-specific basis within the Company’s books and records. Discontinued operations include Telecomunicaciones de
Puerto Rico Inc. (TELPRI), which was sold 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. Pro forma information presents the combined operating results of Verizon and Alltel, with the results prior to the acquisition date adjusted to include the pro forma impact of: the elimination
of transactions between Verizon and Alltel; the adjustment of amortization of intangible assets and depreciation of fixed assets based on the preliminary purchase price allocation; the elimination of
merger expenses and management fees incurred by Alltel; and the adjustment of interest expense reflecting the assumption and partial redemption of Alltel’s debt and incremental borrowings incurred
by Verizon Wireless to complete the acquisition of Alltel.
In keeping with Verizon’s commitment to protect the environment, this report was printed on paper certified by the Forest Stewardship Council (FSC). By selecting FSC-certified paper, Verizon is helping to
make a difference by supporting responsible forest management practices.
Corporate Highlights
> 14.5% growth in cash fl ow from operations
> 40.7% increase in free cash fl ow
> 5.9 million new wireless customers
> 31% growth in wireless data revenue
> 952,000 new FiOS customers
> 56.5% growth in FiOS revenue
> 3.8% total shareholder return
> 3.3% annual dividend increase