VERIZON COMMUNICATIONS INC 8-K

What Happened
Verizon Communications Inc. filed an 8‑K on April 27, 2026 (Item 2.02) attaching a press release and financial tables that present the company’s results of operations and financial condition. The materials include GAAP financials alongside a set of non‑GAAP measures and reconciliations. The filing describes the definitions and purposes of measures such as Consolidated EBITDA, Consolidated Adjusted EBITDA, Segment EBITDA and margins, Net Unsecured Debt and its ratio to Adjusted EBITDA, Adjusted EPS, and Free Cash Flow. The release also notes special items affecting comparability, including severance, asset/business rationalization, and acquisition/integration charges related to the January 2026 acquisition of Frontier Communications Parent, Inc.

Key Details

• Press release and financial tables dated April 27, 2026 were attached to the 8‑K.
• Verizon defines and reconciles multiple non‑GAAP measures: Consolidated EBITDA, Consolidated Adjusted EBITDA, Segment EBITDA and Margin, Net Unsecured Debt, Net Unsecured Debt/Adjusted EBITDA ratio, Adjusted EPS, and Free Cash Flow.
• Identified special items: severance charges (recorded in 2025), asset and business rationalization (primarily real estate exits in 2025), and acquisition/integration charges (related to the Frontier acquisition in 2026 and 2025).
• Reconciliations of each non‑GAAP measure to the comparable GAAP measures are included in the accompanying schedules.

Why It Matters
Verizon’s filing provides both GAAP results and adjusted measures that management uses to show operating performance excluding certain non‑operational or one‑time items. For investors, the non‑GAAP metrics help compare underlying profitability and cash‑flow trends across periods and versus peers, but the filing also warns these measures can be calculated differently by other companies. The disclosure of acquisition and integration costs and the Net Unsecured Debt to Adjusted EBITDA metric is especially relevant given the January 2026 Frontier acquisition, as those items affect leverage and comparability of results.