Verizon today reported its 2A 2012 results with continued double-digit earnings growth. The Wireless business increased revenue by 7.3 percent year-over-year with 1.2 million new customers gained in the quarter. Here are some detailed highlights from today's financial report from Verizon"
64 cents in diluted earnings per share (EPS), compared with 57 cents per share in 2Q 2011 - a 12.3 percent increase.
$9.3 billion in cash flow from operating activities, up 20.1 percent compared with 2Q 2011, leading to $7.8 billion in free cash flow (non-GAAP) in 1H 2012, more than doubling free cash flow generated in 1H 2011.
7.3 percent year-over-year increase in service revenues in 2Q 2012; 8.6 percent year-over-year increase in retail service revenues; data revenues up 18.5 percent year over year; 30.8 percent operating income margin and 49.0 percent segment EBITDA margin on service revenues (non-GAAP), both record highs.
1.2 million retail net customer additions, excluding acquisitions and adjustments, includes 888,000 retail postpaid net customers; low retail postpaid churn of 0.84 percent; 94.2 million total retail customers; 88.8 million total retail postpaid customers.
Wireless Financial Highlights:
-Service revenues in the quarter totaled $15.8 billion, up 7.3 percent year over year. Retail service revenues grew 8.6 percent year over year, to $15.2 billion.
-Data revenues were $6.9 billion, up $1.1 billion - or 18.5 percent - year over year, and represent 43.6 percent of all service revenues. Total revenues were $18.6 billion, up 7.4 percent year over year.
-Retail postpaid ARPU grew 3.7 percent over second-quarter 2011, to a record $56.13, the highest growth in three years. Retail postpaid data ARPU increased to $24.53, up 15.4 percent year over year. Retail service ARPU grew 3.4 percent year over year, to a record $54.29.
-Wireless operating income margin was 30.8 percent and segment EBITDA margin on service revenues (non-GAAP) was 49.0 percent, both record highs.
Wireless Operational Highlights:
-Verizon Wireless added 1.2 million retail net customers in the second quarter, including 888,000 retail postpaid net customers. These additions exclude acquisitions and adjustments.
-At the end of the second quarter, the company had 94.2 million retail customers, a 4.9 percent increase year over year, including 88.8 million retail postpaid customers.
-At the end of the second quarter, smartphones constituted 50 percent of Verizon Wireless' retail postpaid customer phone base, up from 47 percent at the end of first-quarter 2012.
-Retail postpaid churn was 0.84 percent, the lowest in four years, and an improvement of 5 basis points year over year. Total retail churn was 1.11 percent, an improvement of 11 basis points year over year.
-Verizon Wireless continued to roll out its 4G LTE mobile broadband network, the largest such network in the -U.S. As of today, Verizon Wireless 4G LTE service is available to more than 230 million people in 337 markets across the U.S. - nearly 75 percent of the population.
-The company introduced two new 4G LTE Internet devices in second-quarter 2012: the Verizon Jetpack 4G LTE Mobile Hotspot 890L and the Verizon Jetpack 4G LTE Mobile Hotspot MiFi 4620L. Earlier this month, Verizon Wireless launched the Droid Incredible 4G LTE by HTC and the Samsung Galaxy S III.
-Verizon Wireless launched its ShareEverything Plan on June 28, offering customers unlimited voice minutes, unlimited text, video and picture messaging, and a shareable data allowance for up to 10 Verizon Wireless devices. In the second quarter, HomeFusion Broadband, a service that provides high-speed in-home Internet access, became available nationwide.
-In late June, Verizon Wireless announced an agreement with a subsidiary of T-Mobile USA Inc. to exchange spectrum in the AWS band in specific markets to meet LTE capacity needs and enable LTE expansion. This agreement is contingent on the expected summer closing of Verizon's proposed spectrum transactions with SpectrumCo, Cox and Leap.
Check out our reviews of Verizon devices at:
Check out our latest smartphone reviews:
Motorola Atrix HD Video Review
HTC Droid Incredible 4G LTE Video Review
Sony Xperia Ion Video Review
Samsung Galaxy S III Review
HTC EVO 4G LTE Review
Samsung Focus 2 Video Review
Sprint Samsung Galaxy Nexus Video Review
More News. . .
0 registered and 121 anonymous users are browsing this forum.
Moderator: Tong Zhang, LisaG, News, Jacob_Spindel
You cannot start new topics
You cannot reply to topics
HTML is enabled
UBBCode is enabled
Topic views: 3047
Powered by UBB.threads™ 6.5.5