secwatch.observer — SEC 8-K summary
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Issuer:     VERIZON COMMUNICATIONS INC (VZ)
CIK:        0000732712
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0000732712-24-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verizon Q4 net loss $2.6B on $5.8B goodwill impairment; wireless adds strong
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- Q4 EPS $(0.64) vs $1.56; adjusted EPS $1.08 vs $1.19; revenue $35.1B, down 0.3% YoY.
- Full-year 2023 EPS $2.75 vs $5.06; adjusted EPS $4.71 vs $5.18; revenue $134.0B, down 2.1%.
- Q4 included $5.8B goodwill impairment in Business unit, $992M pension/OPEB adjustment, $296M severance.
- Retail postpaid phone net adds 449K in Q4 (217K prior year); fixed wireless net adds 375K; total broadband base >3M.
- Full-year free cash flow $18.7B, up from $14.1B; cash from ops $37.5B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732712/000073271224000007/0000732712-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732712/000073271224000007/vz-20240123.htm
  HTML page:      https://secwatch.observer/filing/0000732712-24-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer