Verizon Ecosystem New York, NY, 10036 Phone: (212) 395-1000 | Verizon.Com
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Verizon Communications Inc 1095 Avenue of the Americas Verizon Ecosystem New York, NY, 10036 Phone: (212) 395-1000 | verizon.com Outside Relationships Outside Relationships Verizon Communications Inc. [Delaware Corporation] Securities Regulation, Regulators NYSE Listing Rules, Customers Suppliers Capital Regulators Capital Suppliers Customers Debt Structure Equity Structure and NASDAQ Bond Financing Debt ( $129.48 Billion @ 12/31/20) Credit Ratings: Moody’s (Baa1), S&P (BBB+), Fitch (A-) Quotation Rules Securities Equity US and Foreign Public Debt Long Term Credit Facilities Verizon Communications Alltel Corporation Operating Telephone Company GTE LLC Other Subsidiaries — Regulators Working Capital Finance Regulators and/or Holders 2024 2022-2028 2021-2025 After 2030 2021-2030 2025-2030 After 2030 Subsidiaries — Debentures 2021-2030 Asset-Backed Debt Dividends and Common Financing Lease Treasury Stock Common Stock US Securities Subjects of Regulation Revolving Export Credit Notes: Notes: Notes: $3,858M Notes: Notes: 2021-2030 After 2030 2021-2025 Notes: Stock Repurchases Significant Notes: Obligations: Shares Held in Treasury: 153.3M Shares Issued: 4.291B and Cross Currency, Foreign Credit Facility: Facilities $53,359M @ $65,019M @ @ Floating $38M @ $58M @ Notes: $458M Notes: $308M $391M @ $9,414M @ 0.41%- Shareholders $1,284M @ Additional Shares Authorized: 100M Shares Authorized: Exchange Commercial Exchange, Interest Rate, and $9.5B $7.5B 0.85%-7.75% 1.75%-8.95% Rates 6.80% 7.88% @ 6.00%-8.38% @ 5.13%-8.75% 6.94%-8.75% 3.56% and Floating 2.5% Shares Yet to be Repurchased: 100M 6.250B Equity Capital Vanguard Banks Swaps Commission Federal Group (Securities Law Communications (7.88%) Wireless Professional Disclosure and Commission Reporting Equipment Governance Finance Marketing Technology Corporate Matters Services Suppliers BlackRock Requirements; Spectrum Licenses for Board of Directors Budgeting Anti-Bribery Law Marketing and Advertising Global Network & Technology Human Resources Legal Ernst & Young (4.80%) Mobile Wireless, Mobile Phones Hans Vestberg (Chairman) Mark Bertolini (F, H) Gregory Weaver (A, F) Record-Keeping (Audit) Voice, Video, and and Handsets, Internal Audit Intelligent Edge Network Talent Acquisition Real Estate Requirements) Data Communications Personal Clarence Otis, Jr. (A, F, H) Melanie Healey (C, H) Committees: Audit (A), Experience Design McGuire SSgA Funds Benefits New York Services Assistants, and Corporate Governance and Accounting Woods Management Shellye Archambeau (A, C) Daniel Schulman (H) International Fiber Network Supply Chain Stock Policy (C), Finance (F), Brand Communications/Awareness Compensation (Legal and (3.89%) Wireless Services Security Treasury/Cash Management Exchange Roxanne S. Austin Rodney Slater (C, H) Human Resources (H) Digital Transformation of Customer Lobbying)) Regulation Devices Band Spectrum Licenses Labor Relations Professional (Listing, Customer Experience and Employee Systems Public Policy Berkshire (includes 24 Gigahertz (GHz) Financial Planning & Services Fierce Maintenance, and Broadband Internet Apple Management Team Training Hathaway (iPhones) and 28 GHz Band Spectrum Analysis Government Corporate Access Services (3.55%) Accountability Licenses) Chairman & CEO: Hans Chief Communications EVP & Chief HR Officer: Christy Strategy Communications Talent Acquisition Relations Subject to Common Tax Legal Rules) Vestberg Officer: James Gerace Pambianchi (Lobbying) Carrier Regulation Diversity and Inclusion Geode Auctions of 37 GHz, 39 Corporate Strategy External Communications NASDAQ EVP & Chief Marketing EVP & Group CEO-Verizon EVP & Chief Administrative, Legal and Risk Management Capital Wireline Voice Subject GHz, and 47 GHz Band Regulatory and Legislative DLA Piper (Listing, Officer: Diego Scotti Consumer: Ronan Dunne Public Policy Officer: Craig Silliman Business Development Media Relations Strategy/Execution Social Responsibility (Pro Bono (1.56%) to Common Carrier Spectrum Licenses Corporate-Wide Financing Intellectual Property Third Party Maintenance, and EVP & Group CEO-Verizon Chief Corporate Social Responsibility Partner) Corporate Regulation Corporate Social Security Licenses Intellectual EVP & CFO: Matthew Ellis Partnerships Corporate-Wide Issues Management Norther Trust Accountability Business: Tami Erwin Officer: Rose Stuckey Kirk Insurance Responsibility Strategy Property Publicis VM1 Multichannel Video Investments Rules) EVP & Chief Technology EVP & Group CEO-Verizon EVP & Chief Strategy Officer: Owners (Media and Service Regulation Pension Strategic Investments/Acquisitions Executive/Employee Communications Social Impact Marketing Corporate Governance (1.27%) Nokia Officer: Kyle Malady Media: Guru Gowrappan Rima Qureshi Advertising) U.S. and Media (7.1, 3V, 2V, and Foreign Lumia Mobile McCann Institutional (Broadcast/Cable) and Patent and Phones) Patents, Copyrights, (Advertising for Ownership: Wireless Emergency Operations Trademark Trademarks, Domain Names Verizon Wireless) 68.29% Alerting Services Samsung Registrations and Renewals and Other IP Sales of Mobile Emergency (Galaxy Agencies Phones and Consumer Group (2020 Revenues: $88.5 Billion; ~69% of Revenues) Corporate and Other ($9.3B; 7 %) Business Group (2020 Revenues: $31.0 Billion; 24%) Communications Smartphones) Handsets Highlights Includes Highlights Regulation Financing and Corporate Business Key Company Data Motorola ~94 Million Wireless ~7 Million Broadband Connections (Fios and Digital ~4 Million Fios-Branded Fiber Verizon Media Costs (One, Edge and Group Retail Connections Subscriber Line (DSL) Internet Connections) Network Video Connections ~27 Million Wireless Retail ~482,000 Broadband Connections (as of 12/31/20) Razr Postpaid Connections (Fios and DSL internet connections) Customers Smartphones) Sales of Wireless Captive Insurance Unconsolidated Ventures Share Information Financial Highlights Privacy and Data Wireless and Wireless-Enabled Products and Services Global Security (Voice Business) Equipment (including Smartphones and Tablets) and Devices Verizon Media (2020 Revenues: $7.0 Billion) Global Enterprise (2020 Revenues: $10.4 Billion; 34% of Business’s Total Revenue) Enterprise Stock Markets: Results of Operations Google (Pixel Wireless-Enabled Internet New York Stock California Privacy Law Phones, Nest Hub, Smartphones and 5G Wireless-Enabled Wireless-Enabled Properties and Services Services and Products Large Service Revenues and Retail Devices (e.g., Laptops) Connected Smartwatches Exchange and NASDAQ Home Hub, and Phones Laptop Computers Tablets Sales of Core, Business Other: $109.872 Billion Pixel Buds) Customers Ad Platform Subscription Memberships Network Advanced Internet of Core Services (Voice Security Services Global Select Market Federal Trade Network, Security, Customers Accessories Search Advertising Subscription Offerings Services (Private Communications Things (IoT) Calling, Messaging, (Management and Wireless Equipment Commission Conference, Contact Center Data Security Communications, and Amazon (Search Products That (Including Mail, News, Networking, Private Services (Internet Services (Network Ticker Symbol: VZ Revenues: $99.494 Supplies of Mobile Cloud Connectivity Solutions, Private Line and Services to Protect, IoT Services Non-U.S. (Alexa, Ring Video Cases Wearable Tech Facilitate User Searches Finance, Sports and Protocol Based Voice Access to Connect Billion EU General Data Smartphones, Tablets, Smart Home be Services, Virtual and Data Access Networks, and Detect, and Respond Governments Share Price Doorbell Security, Within Verizon Media And toEntertainment Properties, and Video Services, Open Development- Protection Regulation and Accessories Media Software Defined the Provision of Customer to Threats to and Agencies Echo) Batteries & Chargers Audio Third-party Partner Properties) Privacy and Security Solutions Unified Communications, Certified Devices $57.79 (5/1/21) Operating Expenses: Verizon Networking Services, Collaboration Tools, Bundled with Premises Equipment, Customer Networks, Headphones sold to Apolloand Computer Protection) $99.494 Billion Screen Protectors Adapters & Cables Display Advertising Internet Access Customer Contact Customers Own Installation, Maintenance and Data, Applications Small and Earnings Per Share: LG (Allows Customers to Buy,Global and Management Services) Center Solutions) Solutions) Site Services) and Infrastructure) Medium Operating Income: for $5 billion. Sales of Wireless and $4.56 (Trailing 12 Months) National Labor (V60 and Stylo Data Plans Publishers to Monetize, Ad Verizon Media Platform Business $28.798 Billion Smartphones) Supplies of Accessories for Wireline Connection, Relations Board (Union Inventory) High Quality Video Small & Medium Business (2020 Revenues: $11.1 Billion; 36%) Forward Annual Dividend Mobile Devices and Smart Unlimited Single Device International Security, Managed Medium-Size Net Income: Elections, Representation, Delivery Platform Services and Products Per Share: Watches and Wearables Ecommerce Information Technology, Businesses $18.348 Billion and Bargaining) Accessories (Live Broadcasts, Video On $2.51 Shared Data Prepaid (Facilitate Transactions Wireless and Security and Tailored Voice & Security Business and and Tailored Voice Services Between Consumers and Demand, Games, Software, Managed Networking Products, Small Financial Position Otterbox Mobile Virtual and Websites) Wireline Connection Services (Similar Connections and Wireless Equipment Home Offerings Businesses)