Financial Highlights
(as of December 31, 2010)
Financial Highlights

Corporate Highlights

  • •  6.3% growth in cash flow from operations
  • •  16.4% increase in free cash flow
  • •  4.8 million new wireless customers
  • •  25.6% growth in wireless data revenue
  • •  796,000 new FiOS Internet connections
  • •  722,000 new FiOS TV connections
  • •  31.9% growth in FiOS revenue
  • •  23.1% total shareholder return
  • •  2.6% annual dividend increase

Note: Prior-period amounts have been reclassified to reflect comparable results.

See www.verizon.com/investor for reconciliations to generally accepted accounting principles (GAAP) for the non-GAAP financial measures included in this annual report. Effective with the fourth-quarter 2010, Verizon changed its method of accounting for pension and postretirement benefits. Accordingly, all prior periods have been adjusted for this change, which primarily affected Verizon consolidated and the Wireline segment. Reclassifications of prior-period amounts have been made, where appropriate, to reflect comparable operating results for the divestiture of overlapping wireless properties in 105 operating markets in 24 states during the first-half of 2010; the wireless deferred revenue adjustment that was disclosed in Verizon's Form 10-Q for the period ended June 30, 2010; and the spinoff to Frontier of local exchange and related landline assets in 14 states, effective on July 1, 2010. Verizon's results for the periods presented also have been adjusted to reflect the spinoff of local exchange and related business assets in Maine, New Hampshire and Vermont in March 2008.

In keeping with Verizon's commitment to protect the environment, this report was printed on paper certified by the Forest Stewardship Council (FSC). By selecting FSC-certified paper, Verizon is helping to make a difference by supporting responsible forest-management practices.