Slide 1: Supplemental information, Q4 and full year 2022 results
This supplemental information regarding the financial and operating results of Verizon Communications Inc. (Verizon) for the fourth quarter and full year ended December 31, 2022 contains statements about expected future events and financial results that are forward-looking and subject to risks and u
Slide 2: Wireless postpaid net additions and Consumer results
Overall, total wireless retail postpaid net additions of 1,434 thousand for the fourth quarter 2022 was our best single quarter performance in 7 years. This success was driven by strong Fixed Wireless Access momentum, tablet and wearables adoption, and sequential improvement in phone net additions.
Slide 3: Broadband net additions: Fios and Fixed Wireless Access
Total broadband net additions were 416 thousand for the quarter, reflecting strong demand across both our Fios and Fixed Wireless Access products. Our fourth quarter broadband net additions were our best quarterly result in more than a decade. We had VlpHU09DSUQyMDE5UTE= 379 thousand 59 thousand Fio
Slide 4: Consolidated total operating revenue
Consolidated total operating revenue was $35.3 billion for the fourth quarter, up 3.5% year over year. Revenue growth was driven by both service and other revenue, which was up 3.3% year over year, and equipment revenue, which was up 4.1% year over year. Total operating revenue for the full year 202
Slide 5: Consolidated net income, Adjusted EBITDA and EPS
Consolidated net income was $6.7 billion for the fourth quarter 2022, up 41.4% year over year. Consolidated net income was $21.7 billion for the full year 2022, down 3.8% compared to 2021. Consolidated Adjusted EBITDA 1 was $11.7 billion for the fourth quarter 2022, down 0.2% year over year. Full ye
Slide 6: Consumer segment revenue
Consumer service and other revenue for the fourth quarter was $20.2 billion, up 4.5%, compared to the similar period in 2021. For the full year, Consumer service and other revenue was $80.3 billion, up 6.4% year over year. Wireless service revenue was the main driver of this increase, benefiting fro
Slide 7: Business segment revenue and operating income
VlpHU09DSUQyMDE5UTE= Operating revenue for the Business segment was $7.9 billion for the fourth quarter 2022, up 1.2% year over year. Growth was primarily driven by Small and Medium Business mobility, partially offset by wireline declines. Full year Business operating revenue was $31.1 billion, flat
Slide 8: Cash flow, capital spending and dividend
VlpHU09DSUQyMDE5UTE= 1 1 1 VlpHU09DSUQyMDE5UTE= VlpHU09DSUQyMDE5UTE= Strong cash generation in 2022 allowed us to invest in our business as well as increase our dividend for the 16th consecutive year, while maintaining a healthy balance sheet. Cash flow from operating activities for 2022 totaled $37
Slide 9: Non-GAAP reconciliation: EBITDA and net unsecured debt
Add: Interest expense 3,613 1,105 937 785 786 3,485 739 801 844 1,101 Consolidated EBITDA $ 48,983 $ 14,134 $ 11,781 $ 11,963 $ 11,105 $ 49,111 $ 10,934 $ 13,136 $ 12,688 $ 12,353 Add/(subtract): Equity in losses (earnings) of unconsolidated businesses (3) (44) (4) (2) (41) 3 (145) (135) (1) (1) (8)