[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-183147-105":59,"doc-detail-183147-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":64,"keywords":65,"description":66,"schema_data":67,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","vz_4q25_nongaap_013026r","","Financial tables and footnotes present non-GAAP reconciliation metrics across multiple periods, including consolidated net income adjustments, provision for income taxes, interest expense, depreciation and amortization, and other income. The content outlines adjusted EBITDA and adjusted EPS components such as severance charges, asset and business rationalization, acquisition and integration related charges, and legacy legal matters. Additional sections provide cash flow items (operating cash flow, capital expenditures, free cash flow), operating income and segment EBITDA, plus net unsecured debt and leverage ratios, labeled as unaudited and using specified reporting 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","Person",{"url":73,"name":94,"@type":95},"DocShare","Organization","application/pdf","2026-10-27","2026-09-02",true,{"@type":101,"interactionType":102,"userInteractionCount":104},"InteractionCounter",{"@type":103},"ViewAction",17,{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What non-GAAP items are used to reconcile consolidated net income to adjusted EBITDA?","Question",{"text":112,"@type":113},"The reconciliation includes taxes, interest expense, depreciation and amortization, plus additions or subtractions such as other income, equity in losses, severance charges, asset and business rationalization, and legacy legal matters.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How is adjusted EPS derived from pre-tax, tax, and after-tax components?",{"text":117,"@type":113},"Adjusted EPS aggregates specific adjustment items across pre-tax and tax effects (for example, amortization of acquisition-related intangibles and severance/pension/benefits charges) and then converts them to after-tax totals, with rounding notes.",{"name":119,"@type":110,"acceptedAnswer":120},"Which cash flow measures are reported and how are they connected?",{"text":121,"@type":113},"The document lists net cash provided by operating activities, capital expenditures (including capitalized software), and free cash flow, along with year-over-year change percentages and free cash flow forecast timing.","https://schema.org",{"og:url":82,"og:type":124,"og:title":64,"og:site_name":94,"og:description":66},"article",{"robots":126,"canonical":82},"index,follow",{"doc_id":128,"site_id":62},183147,1788351477,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":91,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":64,"doc_description":66,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":104,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":44,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":66,"update_tm":129,"read_time":143,"preview_page_count":4},687207022233,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","| $12,155 | $12,215 | $10,432 | $12,718 | $47,520 | $12,682 | $12,883 | $12,809 | $9,341 | $47,715 |\n| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |\n|  |  |  |  |  | $ (121) | $ (79) | $ (92) | $ 185 | $ (107) |\n| $ (198) | $ 72 | $ (72) | $ (797) | $ (995) |  |  |  |  |  |\n| 9 | 14 | 24 | 6 | 53 | (6) | 3 | 6 | (3) | — |\n| — | — | 1,733 | — | 1,733 | — | — | — | 1,715 | 1,715 |\n| — | — | 374 | — | 374 | — | — | — | 583 | 583 |\n| — | — | — | — | — | — | — | 52 | 39 | 91 |\n| 106 | — | — | — | 106 | — | — | — | — | — |\n| $12,072 | $12,301 | $12,491 | $11,927 | $48,791 | $12,555 | $12,807 | $12,775 | $11,860 | $49,997 |\n\n\n| Consolidated Net Income $ 17,949\u003Cbr>Add: |  |  | $ | 18,210 $ 18,629 $ |  | 20,274 $ 17,608 |\n| --- | --- | --- | --- | --- | --- | --- |\n| Provision for income taxes 5,030 |  |  |  | 5,167 | 5,323 | 5,903 5,064 |\n| Interest expense(1) 6,649 |  |  |  | 6,646 | 6,587 | 6,579 6,694 |\n| Depreciation and amortization expense(2)\u003Cbr>Consolidated EBITDA | $ | 17,892 47,520 |  | 18,024 | 18,176 | 18,336 18,349 |\n|  |  |  | $ | 48,047 | $ 48,715 $ | 51,092 $ 47,715 |\n| Add/(subtract): |  |  |  |  |  |  |\n| Other income, net(3) $ (995) |  |  | $ | (918) | $ (1,069) $ | (1,089) $ (107) |\n| Equity in losses of unconsolidated businesses 53 |  |  |  | 38 | 27 | 9 — |\n| Severance charges 1,733 |  |  |  | 1,733 | 1,733 | — 1,715 |\n| Asset and business rationalization 374 |  |  |  | 374 | 374 | — 583 |\n| Acquisition and integration related charges — |  |  |  | — | — | 52 91 |\n| Legacy legal matter 106\u003Cbr>Consolidated Adjusted EBITDA $ 48,791\u003Cbr>Footnotes: |  |  |  | — | — | — — |\n|  |  |  | $ | 49,274 | $ 49,780 $ | 50,064 $ 49,997 |\n|  |  |  |  |  |  |  |\n| (1) Includes a portion of the Acquisition and integration related charges, where applicable.\u003Cbr>(2) Includes Amortization of acquisition-related intangible assets. |  |  |  |  |  |  |\n| (3) Includes Pension and benefits remeasurement adjustments, where applicable. |  |  |  |  |  |  |\n| Net Unsecured Debt and Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio |  |  |  |  |  |  |\n|  |  |  |  |  |  | (dollars in millions) |\n| Unaudited 12/31/23 3/31/24 6/30/24 9/30/24 |  |  |  | 12/31/24 | 3/31/25 6/30/25 | 9/30/25 12/31/25 |\n\n|  | 128,491\u003Cbr>—\u003Cbr>2,065 | 128,408\u003Cbr>—\u003Cbr>2,365 | 125,262\u003Cbr>—\u003Cbr>2,432 | 126,369\u003Cbr>—\u003Cbr>4,987 | 117,876\u003Cbr>—\u003Cbr>4,194 | 117,313\u003Cbr>—\u003Cbr>2,257 | 119,396\u003Cbr>—\u003Cbr>3,435 | 119,714\u003Cbr>—\u003Cbr>7,706 | 131,083 1,982\u003Cbr>19,048 |\n| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |\n| $ | 126,426 $ | 126,043 $ | 122,830 $ | 121,382 | $ 113,682 | $ 115,056 | $ 115,961 | $ 112,008 | $ 110,053 |\n\n|  |  | Pre-tax |  | Tax | After-Tax |  | Pre-tax Tax After-Tax |\n| --- | --- | --- | --- | --- | --- | --- | --- |\n| EPS |  |  |  |  | $ 1.18 |  | $ 0.55 |\n| Amortization of acquisition-related intangible assets | $ | 191 | $ | (51) | $ | 140 0.03 $ | 189 $ (47) $ 142 0.03 |\n| Severance, pension and benefits charges (credits) |  | (668) |  | 165 |  | (503) (0 . 12) | 2,156 (533) 1,623 0.38 |\n| Asset and business rationalization |  | — |  | — |  | — — | 583 (144) 439 0.10 |\n| Acquisition and integration related charges |  | — |  | — |  | — — | 58 — 58 0.01 |\n| Adjusted EPS\u003Cbr>Year over year change % | $ | (477) | $ | 114 | $ | (363) $ (0 .09) $\u003Cbr>$ 1.10 | 2,986 $ (724) $ 2,262 $ 0.53\u003Cbr>$ 1.09\u003Cbr>(0.9)% |\n| Footnote: |  |  |  |  |  |  |  |\n| Adjusted EPS may not add due to rounding. |  |  |  |  |  |  |  |\n| Unaudited |  |  |  |  |  | 12 Mos. Ended 12/31/24 | (dollars in millions except per share amounts)\u003Cbr>12 Mos. Ended 12/31/25 |\n\n|  | Pre-tax |  | Tax | After-Tax |  | Pre-tax Tax After-Tax |\n| --- | --- | --- | --- | --- | --- | --- |\n| EPS |  |  |  | $ 5.06 |  | $ 2.75 |\n| Amortization of acquisition-related intangible assets | $ 826 | $ | (214) | $ | 612 0.15 $ | 865 $ (219) $ 646 0.15 |\n| Severance, pension and benefits charges (credits) | (1,371) |  | 339 |  | (1,032) (0 .25) | 1,525 (378) 1,147 0.27 |\n| Verizon Business Group goodwill","cbCaiiwz6O0pPkcp","https://ap.wps.com/l/cbCaiiwz6O0pPkcp","pdf",654220,"English","# Consolidated non-GAAP reconciliation\n## Adjusted EBITDA and adjustments\n## Footnotes and definitions\n# EPS bridge and adjusted EPS\n## Component adjustments\n# Cash flow and free cash flow\n## Operating activities and capex\n# Operating income and segment results\n## Segment EBITDA and margins\n# Leverage metrics\n## Net unsecured debt ratio","[{\"question\":\"What non-GAAP items are used to reconcile consolidated net income to adjusted EBITDA?\",\"answer\":\"The reconciliation includes taxes, interest expense, depreciation and amortization, plus additions or subtractions such as other income, equity in losses, severance charges, asset and business rationalization, and legacy legal matters.\"},{\"question\":\"How is adjusted EPS derived from pre-tax, tax, and after-tax components?\",\"answer\":\"Adjusted EPS aggregates specific adjustment items across pre-tax and tax effects (for example, amortization of acquisition-related intangibles and severance/pension/benefits charges) and then converts them to after-tax totals, with rounding notes.\"},{\"question\":\"Which cash flow measures are reported and how are they connected?\",\"answer\":\"The document lists net cash provided by operating activities, capital expenditures (including capitalized software), and free cash flow, along with year-over-year change percentages and free cash flow forecast timing.\"}]","vz_4q25_nongaap_013026r | PDF",23]