Verizon Communications Files 8-K Reporting Results of Operations (July 24, 2026)

What Happened
Verizon Communications Inc. filed an 8‑K on July 24, 2026 attaching a press release and financial tables that report the company’s results of operations and financial condition. The filing emphasizes both GAAP results and a range of non‑GAAP measures (Consolidated/Segment EBITDA, Consolidated Adjusted EBITDA, Adjusted EPS, free cash flow, Net Unsecured Debt and related ratios) and explains how those measures are calculated and used by management. The filing also discloses special items affecting comparability, including severance charges tied to workforce reductions, acquisition and integration charges related to the January 2026 Frontier Communications Parent, Inc. acquisition, asset rationalization tied to transformation initiatives, and a loss on disposition related to classifying Verizon’s international wireline connectivity and managed network services business as held for sale.

Key Details

• Press release and financial tables dated July 24, 2026 were attached as Exhibit 99; inline XBRL cover page attached as Exhibit 104.
• Consolidated Adjusted EBITDA excludes equity in earnings/losses of unconsolidated businesses, other non‑operational items, and special items such as severance, acquisition/integration charges, asset/business rationalization, and loss on disposition of business.
• Acquisition note: acquisition and integration charges mainly relate to the Frontier Communications Parent, Inc. acquisition completed in January 2026.
• Management did not provide a reconciliation for the Adjusted EPS Forecast because special items that could arise in 2026 cannot be reasonably predicted; reconciliations of other non‑GAAP measures to GAAP are provided in accompanying schedules.

Why It Matters
For investors, the filing highlights Verizon’s use of non‑GAAP measures to present operating profitability and liquidity (e.g., adjusted EBITDA, adjusted EPS, free cash flow, and Net Unsecured Debt ratios) alongside GAAP results. The disclosed special items — workforce reductions, Frontier acquisition costs, asset rationalization, and the classification of an international business as held for sale — can materially affect comparability of reported results and key metrics investors use to assess earnings, cash flow and leverage. Review the attached reconciliations in the press release/tables to see how GAAP results differ from the company’s adjusted metrics.