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Verizon Communications A Fortune 10 company, Verizon Communications (NYSE:VZ) is one of the world's leading providers of communications services. Verizon companies are the largest providers of wireline and wireless communications in the United States, with 137.6 million access line equivalents and 34.6 million Verizon Wireless customers. Verizon is the third largest long-distance carrier for U.S. consumers, with 14.6 million long-distance lines, and the company is also the largest directory publisher in the world, as measured by directory titles and circulation. With approximately $67 billion in annual revenues and 221,000 employees, Verizon's global presence extends to the Americas, Europe, and Asia. 2002 Financial Statistics* Operating Revenues - $67.6 billion Net Income - $8.4 billion EPS (diluted basis) - $3.05 Weighted Average Shares Outstanding - 2.77 billion Shareowners - 2.8 million Capital Expenditures (including capitalized software) - $13.1 billion Fortune 500 Rank - 10th Operating Statistics (as of June 2003) Employees - 221,000 U.S. Markets Served w/Wireline Assets - Two-thirds of top 100 States w/Wireline Presence - 29+D.C.+Puerto Rico Households in Wireline Markets - 33 million U.S. Access Lines - 56.8 million U.S. Access Line Equivalents - 137.6 million DSL Lines In Service - 1.9 million Long-Distance Lines In Service - 14.6 million U.S. Markets Served w/Wireless Assets - 97 of top 100 States w/Wireless Presence - 49+D.C.+Puerto Rico U.S. Wireless Customers - 34.6 million U.S. Wireless POPs - 228 million Nations w/Verizon Presence - 24 Worldwide Directory Circulation - 157 million SuperPages.com - 63 million searches per month Total Directory Advertisers - 1.8 million * Net income and EPS exclude special items. International operating statistics are proportionate and reflect Verizon Communications' share of partnerships and joint ventures. Verizon.com (Opens New Window) Source: Verizon Communications - June 2003
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