VERIZON COMMUNICATIONS INC 8-K

What Happened

• Verizon Communications Inc. filed an 8‑K on January 30, 2026 attaching a press release and financial tables that disclose the company’s results of operations and financial condition. The filing presents both GAAP results and a set of non‑GAAP measures intended to supplement GAAP information.
• The company described and reconciled (or noted the availability of reconciliations) for key non‑GAAP metrics including Consolidated EBITDA, Segment EBITDA and Margin, Consolidated Adjusted EBITDA, Net Unsecured Debt and Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio, Adjusted EPS, and Free Cash Flow. The filing also explains items excluded from adjusted measures (e.g., severance, asset/business rationalization, acquisition/integration charges, and a 2024 legacy legal matter).
• The filing references transaction-related charges tied to Verizon’s acquisition of Frontier Communications Parent, Inc., completed in January 2026, and notes related acquisition and integration expenses recorded in 2025.

Key Details

• Filing date and exhibits: 8‑K filed Jan 30, 2026 with an attached press release and financial tables (Exhibit 99). Report signed by Mary‑Lee Stillwell, Senior VP & Controller.
• Consolidated Adjusted EBITDA excludes equity in earnings of unconsolidated businesses, other non‑operational items, and special items such as severance, asset/business exits, acquisition/integration charges and legacy legal matters.
• Net Unsecured Debt = (debt due within 1 year + long‑term debt) less secured debt, a 50% equity credit for junior subordinated notes, and cash & equivalents; the Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio uses last‑12‑months Consolidated Adjusted EBITDA.
• Verizon did not provide a reconciliation for its Adjusted EPS forecast, stating it cannot reasonably predict special items for 2026.

Why It Matters

• For investors, the filing signals Verizon is providing both GAAP results and detailed non‑GAAP metrics to help evaluate operating performance and leverage. Non‑GAAP measures can improve comparability but should be reviewed alongside GAAP reconciliations included in the attached tables.
• The completed Frontier acquisition and related charges can affect comparability of results and near‑term adjusted metrics (EBITDA, Adjusted EPS, free cash flow), so investors should review the press release and reconciliations to understand the financial impact and leverage measures.