Transcription of ANNUAL REPORT 2019 - Verizon
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ANNUAL REPORT 2019 - Verizon
ANNUALREPORT 2019 s 2 Financial and operational highlights as of December 31, 2019 Verizon strategically reorganized the business effective April 1, 2019. Under its new reporting structure, Verizon , there are two reportable segments that the company operates and manages as strategic business units: Consumer and Business. Verizon previously operated and managed the business under its historical Wireless and Wireline segments. For comparison purposes, highlights for both the current and previous operating structures are represented here. 2019 highlights $ adjusted earnings per share (non-GAAP) $ billion in cash dividend payments 13th consecutive year of ANNUAL dividend increases $ billion in cash flow from operations $ billion in consolidated revenue $ billion inconsumer revenues $ billion in business revenues $ billion in historical wireless revenues (non-GAAP) $ billion in historical
5G network reached some important milestones in 2019. On April 3, Verizon became the first company in the world to give customers a 5G-enabled smartphone linked to a 5G network, and the number of cities receiving Verizon 5G reached 31 by year end. We have also seen growth in the number of businesses interested
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