Form 8-K

8-K — VERIZON COMMUNICATIONS INC

Accession: 0000732712-26-000019

Filed: 2026-04-27

Period: 2026-04-27

CIK: 0000732712

SIC: 4813 (TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE))

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — vz-20260427.htm (Primary)

EX-99 (a2026q1exhibit99.htm)

GRAPHIC (verizon-logo.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________________________________________________

FORM 8-K

______________________________________________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: April 27, 2026

(Date of earliest event reported)

______________________________________________________________________________

Verizon Communications Inc.

(Exact name of registrant as specified in its charter)

_______________________________________________________________________________

Delaware 1-8606 23-2259884

(State or other jurisdiction

of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

1095 Avenue of the Americas 10036

New York, New York

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (212) 395-1000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered

Common Stock, par value $0.10 VZ New York Stock Exchange

Common Stock, par value $0.10 VZ The Nasdaq Global Select Market

1.375% Notes due 2026 VZ 26B New York Stock Exchange

0.875% Notes due 2027 VZ 27E New York Stock Exchange

1.375% Notes due 2028 VZ 28 New York Stock Exchange

1.125% Notes due 2028 VZ 28A New York Stock Exchange

2.350% Fixed Rate Notes due 2028 VZ 28C New York Stock Exchange

1.875% Notes due 2029 VZ 29B New York Stock Exchange

0.375% Notes due 2029 VZ 29D New York Stock Exchange

1.250% Notes due 2030 VZ 30 New York Stock Exchange

1.875% Notes due 2030 VZ 30A New York Stock Exchange

4.250% Notes due 2030 VZ 30D New York Stock Exchange

2.625% Notes due 2031 VZ 31 New York Stock Exchange

2.500% Notes due 2031 VZ 31A New York Stock Exchange

3.000% Fixed Rate Notes due 2031 VZ 31D New York Stock Exchange

0.875% Notes due 2032 VZ 32 New York Stock Exchange

0.750% Notes due 2032 VZ 32A New York Stock Exchange

3.500% Notes due 2032 VZ 32B New York Stock Exchange

3.250% Notes due 2032

VZ 32C

New York Stock Exchange

1.300% Notes due 2033 VZ 33B New York Stock Exchange

4.75% Notes due 2034 VZ 34 New York Stock Exchange

4.750% Notes due 2034 VZ 34C New York Stock Exchange

3.125% Notes due 2035 VZ 35 New York Stock Exchange

1.125% Notes due 2035 VZ 35A New York Stock Exchange

3.375% Notes due 2036 VZ 36A New York Stock Exchange

3.750% Notes due 2036 VZ 36B New York Stock Exchange

3.750% Notes due 2037

VZ 37B

New York Stock Exchange

2.875% Notes due 2038 VZ 38B New York Stock Exchange

1.875% Notes due 2038 VZ 38C New York Stock Exchange

1.500% Notes due 2039 VZ 39C New York Stock Exchange

3.50% Fixed Rate Notes due 2039 VZ 39D New York Stock Exchange

1.850% Notes due 2040 VZ 40 New York Stock Exchange

3.850% Fixed Rate Notes due 2041 VZ 41C New York Stock Exchange

3.9962% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056 VZ 56 New York Stock Exchange

5.7420% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056 VZ 56A New York Stock Exchange

4.2462% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056 VZ 56B New York Stock Exchange

5.7427% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056 VZ 56C New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

Attached as an exhibit hereto are a press release and financial tables, dated April 27, 2026, issued by Verizon Communications Inc. (Verizon).

Non-GAAP Measures

Verizon’s press release and financial tables attached to the report include financial information prepared in conformity with generally accepted accounting principles in the United States (GAAP) as well as non-GAAP financial information. It is management's intent to provide non-GAAP financial information to enhance the understanding of Verizon's GAAP financial information, and it should be considered by the reader in addition to, but not instead of, the financial statements prepared in accordance with GAAP. Each non-GAAP financial measure is presented along with the corresponding GAAP measure so as not to imply that more emphasis should be placed on the non-GAAP measure. We believe that providing these non-GAAP measures in addition to the GAAP measures allows management, investors and other users of our financial information to more fully and accurately assess both consolidated and segment performance. The non-GAAP financial information presented may be determined or calculated differently by other companies and may not be directly comparable to that of other companies.

EBITDA and EBITDA Margin Related Non-GAAP Measures

Consolidated earnings before interest, taxes, depreciation and amortization (Consolidated EBITDA), Segment EBITDA and Segment EBITDA Margin are non-GAAP financial measures that we believe are useful to management, investors and other users of our financial information in evaluating operating profitability on a more variable cost basis as they exclude the depreciation and amortization expense related primarily to capital expenditures and acquisitions, as well as in evaluating operating performance in relation to Verizon's competitors.

Consolidated EBITDA is calculated by adding back interest, taxes, depreciation and amortization expense to net income.

Segment EBITDA is calculated by adding back segment depreciation and amortization expense to segment operating income. Segment EBITDA Margin is calculated by dividing Segment EBITDA by total segment operating revenues.

Consolidated Adjusted EBITDA

Consolidated Adjusted EBITDA is a non-GAAP financial measure that we believe provides relevant and useful information to management, investors and other users of our financial information in evaluating the effectiveness of our operations and underlying business trends. We believe that Consolidated Adjusted EBITDA is widely used by investors to compare a company’s operating performance to its competitors by minimizing impacts caused by differences in capital structure, taxes, and depreciation and amortization policies. Further, the exclusion of non-operational items and special items enables comparability to prior period performance and trend analysis.

Consolidated Adjusted EBITDA is calculated by excluding from Consolidated EBITDA the effect of the following non-operational items: equity in earnings and losses of unconsolidated businesses and other income and expense, net, and the following special items: severance charges, asset and business rationalization and acquisition and integration related charges. Severance charges recorded during 2025 relate to separations in connection with workforce reduction initiatives. Asset and business rationalization recorded during 2025 predominately relates to the decision to cease use of certain real estate assets and exit non-strategic portions of certain businesses, as part of our transformation initiatives. Acquisition and integration related charges recorded during 2026 and 2025 relate to transaction and integration expenses associated with the acquisition of Frontier Communications Parent, Inc. completed in January 2026.

Net Unsecured Debt and Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio

Net Unsecured Debt and Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio are non-GAAP financial measures that we believe are useful to management, investors and other users of our financial information in evaluating Verizon’s ability to service its unsecured debt from continuing operations.

Net Unsecured Debt is calculated by subtracting secured debt, a fifty percent equity credit related to junior subordinated notes, and cash and cash equivalents, from the sum of debt maturing within one year and long-term debt. Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio is calculated by dividing Net Unsecured Debt by Consolidated Adjusted EBITDA. For purposes of Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio, Consolidated Adjusted EBITDA is calculated for the last twelve months.

Adjusted Earnings per Common Share (Adjusted EPS) and Adjusted EPS Forecast

Adjusted EPS and Adjusted EPS Forecast are non-GAAP financial measures that we believe are useful to management, investors and other users of our financial information in evaluating our operating results and understanding our operating trends without the effect of special items which could vary from period to period. We believe excluding special items provides more comparable assessment of our financial results from period to period.

Adjusted EPS is calculated by excluding from the calculation of reported EPS the effect of the following special items: amortization of acquisition-related intangible assets, pension and benefits charges (credits), acquisition and integration related charges, legacy legal matter, early debt redemption costs and loss on spectrum licenses.

We exclude the amortization of acquisition-related intangible assets because the amount and timing of such charges are significantly impacted by the timing, size, number and nature of the acquisitions we consummate. While we have a history of significant acquisition activity, we do not acquire businesses on a predictable cycle, and the amount of an acquisition’s purchase price allocated to intangible assets and related amortization term are unique to each acquisition and can vary significantly from acquisition to acquisition. Exclusion of this amortization expense facilitates more consistent comparisons of operating results over time between our newly acquired and long-held businesses, and with both acquisitive and non-acquisitive peer companies. We believe that it is important for investors to understand that our non-GAAP financial measure adjusts for the intangible asset amortization but does not adjust the revenue that is generated in part from the use of such intangible assets.

We exclude the acquisition and integration related charges because the amount and timing of such charges are significantly impacted by the timing, size, and nature of the acquisitions we consummate. While we have a history of significant acquisition activity, we do not acquire businesses on a predictable cycle, and the related costs to integrate an acquired business into our operations are unique to each acquisition and can vary significantly from acquisition to acquisition. Exclusion of acquisition and integration related charges facilitates more consistent comparisons of our operating results with historical periods, and with both acquisitive and non-acquisitive peer companies.

We have not provided a reconciliation for our Adjusted EPS Forecast because we cannot, without unreasonable effort, predict the special items that could arise during 2026.

Free Cash Flow and Free Cash Flow Forecast

Free cash flow and free cash flow forecast are non-GAAP financial measures that reflect an additional way of viewing our liquidity that, we believe, when viewed with our GAAP results, provide management, investors and other users of our financial information with a more complete understanding of factors and trends affecting our cash flows. We believe they are more conservative measures of cash flow since capital expenditures are necessary for ongoing operations. Free cash flow and free cash flow forecast have limitations due to the fact that they do not represent the residual cash flow available for discretionary expenditures. For example, free cash flow and free cash flow forecast do not incorporate payments made or expected to be made on finance lease obligations or cash payments for business acquisitions or wireless licenses. Therefore, we believe it is important to view free cash flow and free cash flow forecast as complements to our entire condensed consolidated statements of cash flows.

Free cash flow is calculated by subtracting capital expenditures (including capitalized software) from net cash provided by operating activities. Free cash flow forecast is calculated by subtracting capital expenditures forecast (including capitalized software) from forecasted net cash provided by operating activities.

See the accompanying schedules for reconciliations of non-GAAP financial measures to GAAP.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit

Number Description

Press release and financial tables, dated April 27, 2026, issued by Verizon Communications Inc.

104 Cover Page Interactive Data File (formatted as inline XBRL).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Verizon Communications Inc.

(Registrant)

Date: April 27, 2026 /s/ Mary-Lee Stillwell

Mary-Lee Stillwell

Senior Vice President and Controller

EX-99

Filename: a2026q1exhibit99.htm · Sequence: 2

Document

VZQTR20FIN

Exhibit 99

News Release

FOR IMMEDIATE RELEASE

Media contacts:

April 27, 2026 Katie Magnotta

201-602-9235

katie.magnotta@verizon.com

Jamie Serino

201-401-5460

jamie.serino@verizon.com

Verizon’s Transformation Actions Deliver Growth & Profitability in 1Q26; Company Raises Adjusted EPS Guidance

Verizon Achieved First Positive 1Q Postpaid Phone Net Additions Since 2013, a Year-Over-Year Improvement of Over 340,000; Guidance Raised to Top Half of 750,000 - 1M Range

Key 1Q26 Highlights:

•Strong consolidated net income leading to highest quarterly Adjusted EBITDA1 in company history

•Solid earnings per share (EPS) growth, which drove highest quarterly Adjusted EPS1 growth since 2021

•Strong cash flow from operating activities providing confidence in free cash flow1 guidance

NEW YORK, NY — Verizon Communications Inc. (NYSE, Nasdaq: VZ) today reported first-quarter 2026 results that demonstrate accelerating momentum in its strategic transformation. The company delivered a strong quarter across core operating metrics, including its first positive first-quarter postpaid phone net adds since 2013. The achievements and performance this quarter were driven by healthier customer economics, including key improvements in customer acquisition and churn, and operational efficiency.

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“Our first-quarter 2026 results show that our turnaround is not only progressing, it is gaining momentum," said Verizon CEO Dan Schulman. "We are beginning to reclaim our market leadership by putting the customer at the center of everything we do, reducing friction to increase loyalty and create genuine value. This disciplined approach is already delivering healthier economics, lower churn, and the first positive first-quarter postpaid phone net adds we've seen in over a decade. Given our strong performance and momentum, we are raising our 2026 Adjusted EPS1 guidance to year-over-year growth of 5.0 to 6.0 percent and we now expect our total retail postpaid phone net additions to be in the upper half of our 750,000 to one million range."

1Q 2026 Highlights

Frontier results are included in Verizon's financial and operating results beginning on January 20, 2026, the date of the closing of the acquisition.

Consolidated Financial Results

•Total operating revenue was $34.4 billion, up 2.9 percent year-over-year. This result was driven in part by the company's disciplined approach to promotional spending and the resulting moderated upgrade activity, which impacted wireless equipment revenue.

•Consolidated net income was $5.1 billion, a 3.3 percent increase year-over-year.

•Consolidated adjusted EBITDA1 grew 6.7 percent year-over-year to $13.4 billion.

•Diluted EPS increased to $1.20, representing solid growth of 4.3 percent year-over-year.

•Adjusted EPS1, excluding special items, grew to $1.28 in first-quarter 2026, a 7.6 percent increase year-over-year and the best quarterly growth rate since 2021.

•Cash flow from operating activities was $8.0 billion in first-quarter 2026 compared to $7.8 billion in first-quarter 2025, representing a growth rate of 2.6 percent.

•Capital expenditures were $4.2 billion, as network build pace across mobility and fiber remains on track.

•Free cash flow1 was $3.8 billion in first-quarter 2026 compared to $3.6 billion in first-quarter 2025, representing a growth rate of 4.0 percent.

•Verizon's total unsecured debt as of the end of first-quarter 2026 was $142.5 billion, compared to $131.1 billion at the end of fourth-quarter 2025. The company's net unsecured debt1 at the end of first-quarter 2026 was $130.1 billion compared to $110.1 billion at the end of the fourth-quarter 2025. At the end of first-quarter 2026, Verizon's ratio of unsecured debt to consolidated net income (LTM) was 8.0 times and its net unsecured debt to consolidated adjusted EBITDA ratio1 was 2.6 times.

•Verizon paid down approximately half of the Frontier debt since the acquisition closed, and expects to repay substantially all of Frontier's debt by the end of the year.

•Verizon successfully completed $2.5 billion of share repurchases in first-quarter 2026, and remains on track for its full-year target of at least $3.0 billion.

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Mobility and Broadband

•Mobility and broadband service revenue reached approximately $22.9 billion, representing a 1.6 percent increase year-over-year. The company's first-quarter revenue result includes an 80 basis point impact to wireless service revenue growth due to the January network outage. In March, mobility and broadband service revenue grew in the middle of the 2.0 percent to 3.0 percent guidance range.

•Wireless equipment revenue was $5.7 billion, up 5.2 percent year-over-year.

•In first-quarter 2026, Verizon reported total postpaid phone net additions of 55,000, the first time the company generated positive first-quarter total postpaid phone net additions since 2013. The year-over-year improvement of over 340,000 was driven in part by a higher mix of new to Verizon gross additions.

•Total core prepaid2 net additions were 115,000, representing seven consecutive quarters of growth.

•Verizon delivered 341,000 broadband net additions in first-quarter 2026. This includes total fixed wireless access net additions of 214,000 and 127,000 fiber broadband net additions.

•Verizon now has approximately 16.8 million fixed wireless access and fiber broadband connections.

Outlook and Guidance

Verizon does not provide a reconciliation for certain of the following adjusted (non-GAAP)

forecasts because it cannot, without unreasonable effort, predict the special items that could arise, and the company is unable to address the probable significance of the unavailable information.

Transformation efforts and strong first-quarter performance give Verizon the confidence to provide the following raised guidance for 2026:

•Adjusted EPS1 of $4.95 to $4.99, or year-over-year growth of 5.0 to 6.0 percent, representing a significant acceleration compared to recent historical performance.

•Total retail postpaid phone net additions are now expected to be in the top half of the 750,000 to 1.0 million range, which is approximately 2 to 3 times the 2025 reported result.

In addition, for 2026, Verizon continues to expect the following:

•Total mobility and broadband service revenue growth of 2.0 percent to 3.0 percent, equating to approximately $93 billion. Wireless service revenue growth will be approximately flat in 2026 as the company transitions to sustainable volume-based growth.

•Cash flow from operations of $37.5 billion to $38.0 billion.

•Capital expenditures of $16.0 billion to $16.5 billion.

•Free cash flow1 of $21.5 billion or more, growing approximately 7.0 percent or more from 2025, which will mark the highest free cash flow1 generated since 2020.

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1 Non-GAAP financial measure. See the accompanying schedules and www.verizon.com/about/investors for reconciliations of non-GAAP financial measures cited in this document to most directly comparable financial measures under generally accepted accounting principles (GAAP).

2 Represents total prepaid results excluding our SafeLink brand.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $138.2 billion in 2025. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

###

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/about/news. For images and logos, visit verizon.com/about/news/media-resources. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Forward-looking statements in this communication we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “forecasts,” “hopes,” “intends,” “plans,” “targets,” "will" or similar expressions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The following important factors, along with those discussed in our filings with the Securities and Exchange Commission (the “SEC”), could affect future results and could cause those results to differ materially from those expressed in the forward-looking statements: the effects of competition in the markets in which we operate, including the inability to successfully respond to competitive factors such as prices, promotional incentives, network performance and quality, and evolving consumer preferences; failure to take advantage of, or respond to competitors' use of, developments in technology, including artificial intelligence, and address changes in consumer demand; the inability to implement our business strategy; adverse conditions in the U.S. and international economies, including inflation and changing interest rates in the markets in which we operate; changes to international trade and tariff policies and related economic and other impacts; cyberattacks impacting our networks or systems and any resulting financial or reputational impact; our ability to implement business transformation initiatives and achieve their anticipated benefits; system failures and disruptions to our networks and operations and any resulting financial, reputational or business impact; disruption of our key suppliers’ or vendors' provisioning of products or services, including as a result of geopolitical factors, public health crises, natural disasters or extreme weather conditions; material adverse changes in labor matters and any resulting financial or operational impact; damage to our reputation or brands; changes in the regulatory environment in which we operate, including any increase in restrictions on our ability to operate our networks or businesses; allegations regarding the release of hazardous materials or pollutants into the environment from our, or our predecessors’, network assets and any related government investigations, regulatory developments, litigation, penalties and other liability, remediation and compliance costs, operational impacts or reputational damage; significant amount of outstanding debt; significant litigation and any resulting material expenses incurred in defending against lawsuits or paying awards or settlements; an adverse change in the ratings afforded our debt securities by nationally accredited ratings organizations or adverse conditions in the credit markets affecting the cost, including interest rates, and/or availability of further financing; significant increases in benefit plan costs or lower investment returns on plan assets; changes in tax laws or regulations, or in their interpretation, or challenges to our tax positions, resulting in additional tax expense or liabilities; changes in accounting assumptions that regulatory agencies, including the SEC, may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings; our ability to return capital to shareholders, including the amount, timing, and effect of share repurchases and dividends; and risks associated with mergers, acquisitions, divestitures and other strategic transactions, including our ability to obtain cost savings and other synergies and anticipated benefits of completed transactions within the expected time period or at all.

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Verizon Communications Inc.

Condensed Consolidated Statements of Income

(dollars in millions, except per share amounts)

Unaudited 3 Mos. Ended 3/31/26 3 Mos. Ended 3/31/25 %

Change

Operating Revenues

Service revenues and other $ 28,759 $ 28,087 2.4

Wireless equipment revenues 5,681 5,398 5.2

Total Operating Revenues 34,440 33,485 2.9

Operating Expenses

Cost of services 7,167 6,950 3.1

Cost of wireless equipment 6,506 6,106 6.6

Selling, general and administrative expense 7,633 7,874 (3.1)

Depreciation and amortization expense 4,892 4,577 6.9

Total Operating Expenses 26,198 25,507 2.7

Operating Income 8,242 7,978 3.3

Equity in earnings of unconsolidated businesses 5 6 (16.7)

Other income, net 477 121 *

Interest expense (1,940) (1,632) 18.9

Income Before Provision For Income Taxes 6,784 6,473 4.8

Provision for income taxes (1,638) (1,490) 9.9

Net Income $ 5,146 $ 4,983 3.3

Net income attributable to noncontrolling interests $ 101 $ 104 (2.9)

Net income attributable to Verizon 5,045 4,879 3.4

Net Income $ 5,146 $ 4,983 3.3

Basic Earnings Per Common Share

Net income attributable to Verizon $ 1.20 $ 1.16 3.4

Weighted-average shares outstanding (in millions) 4,205 4,222

Diluted Earnings Per Common Share(1)

Net income attributable to Verizon $ 1.20 $ 1.15 4.3

Weighted-average shares outstanding (in millions) 4,210 4,226

Footnotes:

(1)Where applicable, Diluted Earnings per Common Share includes the dilutive effect of shares issuable under our stock-based compensation plans, which represents the only potential dilution.

* Not meaningful

Verizon Communications Inc.

Condensed Consolidated Balance Sheets

(dollars in millions)

Unaudited 3/31/26 12/31/25 $ Change

Assets

Current assets

Cash and cash equivalents $ 8,366 $ 19,048 $ (10,682)

Accounts receivable 27,966 28,347 (381)

Less Allowance for credit losses 1,311 1,250 61

Accounts receivable, net 26,655 27,097 (442)

Inventories 2,320 2,441 (121)

Prepaid expenses and other 7,382 8,336 (954)

Total current assets 44,723 56,922 (12,199)

Property, plant and equipment 357,650 337,991 19,659

Less Accumulated depreciation 231,678 228,524 3,154

Property, plant and equipment, net 125,972 109,467 16,505

Investments in unconsolidated businesses 730 785 (55)

Wireless licenses 157,082 157,039 43

Goodwill 30,628 22,841 7,787

Other intangible assets, net 12,799 10,458 2,341

Operating lease right-of-use assets 23,401 23,498 (97)

Other assets 22,547 23,248 (701)

Total assets $ 417,882 $ 404,258 $ 13,624

Liabilities and Equity

Current liabilities

Debt maturing within one year $ 28,229 $ 18,618 $ 9,611

Accounts payable and accrued liabilities 21,932 24,981 (3,049)

Current operating lease liabilities 4,720 4,542 178

Other current liabilities 14,999 14,229 770

Total current liabilities 69,880 62,370 7,510

Long-term debt 144,231 139,532 4,699

Employee benefit obligations 12,023 11,099 924

Deferred income taxes 49,312 48,717 595

Non-current operating lease liabilities 18,692 18,951 (259)

Other liabilities 19,122 17,848 1,274

Total long-term liabilities 243,380 236,147 7,233

Equity

Common stock 429 429 —

Additional paid in capital 13,263 13,372 (109)

Retained earnings 96,824 94,744 2,080

Accumulated other comprehensive loss (2,372) (1,727) (645)

Common stock in treasury, at cost (5,335) (3,255) (2,080)

Deferred compensation – employee stock ownership plans and other 500 897 (397)

Noncontrolling interests 1,313 1,281 32

Total equity 104,622 105,741 (1,119)

Total liabilities and equity $ 417,882 $ 404,258 $ 13,624

Verizon Communications Inc.

Consolidated - Selected Financial and Operating Statistics

(dollars in millions, except per share amounts)

Unaudited 3/31/26 12/31/25

Total debt $ 172,460 $ 158,150

Unsecured debt $ 142,498 $ 131,083

Net unsecured debt(1)

$ 130,053 $ 110,053

Unsecured debt / Consolidated Net Income (LTM) 8.0 x 7.4 x

Net unsecured debt / Consolidated Adjusted EBITDA(1)(2)

2.6 x 2.2 x

Common shares outstanding, end of period (in millions) 4,176 4,217

Total employees (‘000)(3)

99.6 89.9

Quarterly cash dividends declared per common share $ 0.7075 $ 0.6900

Footnotes:

(1)Non-GAAP financial measure.

(2)Consolidated Adjusted EBITDA excludes the effects of non-operational items and special items.

(3)Number of employees on a full-time equivalent basis.

Verizon Communications Inc.

Condensed Consolidated Statements of Cash Flows

(dollars in millions)

Unaudited 3 Mos. Ended 3/31/26 3 Mos. Ended 3/31/25 $ Change

Cash Flows from Operating Activities

Net Income $ 5,146 $ 4,983 $ 163

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization expense 4,892 4,577 315

Employee retirement benefits (117) 143 (260)

Deferred income taxes 703 132 571

Provision for expected credit losses 581 587 (6)

Equity in losses of unconsolidated businesses, inclusive of dividends received 3 20 (17)

Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses

(3,082) (2,618) (464)

Other, net (142) (42) (100)

Net cash provided by operating activities 7,984 7,782 202

Cash Flows from Investing Activities

Capital expenditures (including capitalized software) (4,201) (4,145) (56)

Cash paid related to acquisitions of businesses, net of cash acquired (9,480) — (9,480)

Acquisitions of wireless licenses (83) (122) 39

Other, net 191 515 (324)

Net cash used in investing activities (13,573) (3,752) (9,821)

Cash Flows from Financing Activities

Proceeds from long-term borrowings 5,975 — 5,975

Proceeds from asset-backed long-term borrowings 6,154 2,781 3,373

Repayments of long-term borrowings and finance lease obligations (4,258) (2,446) (1,812)

Repayments of asset-backed long-term borrowings (6,828) (2,589) (4,239)

Dividends paid (2,910) (2,856) (54)

Purchase of common stock for treasury (2,500) — (2,500)

Other, net (911) (783) (128)

Net cash used in financing activities (5,278) (5,893) 615

Decrease in cash, cash equivalents and restricted cash (10,867) (1,863) (9,004)

Cash, cash equivalents and restricted cash, beginning of period 19,499 4,635 14,864

Cash, cash equivalents and restricted cash, end of period $ 8,632 $ 2,772 $ 5,860

Verizon Communications Inc.

Consumer - Selected Financial Results

(dollars in millions)

Unaudited 3 Mos. Ended 3/31/26 3 Mos. Ended 3/31/25 %

Change

Operating Revenues

Mobility and broadband service(1)

$ 19,180 $ 18,801 2.0

Wireless equipment 4,824 4,532 6.4

Other(2)

2,449 2,285 7.2

Total Operating Revenues 26,453 25,618 3.3

Operating Expenses

Cost of services 4,820 4,574 5.4

Cost of wireless equipment 5,303 4,912 8.0

Selling, general and administrative expense 4,886 5,165 (5.4)

Depreciation and amortization expense 3,730 3,543 5.3

Total Operating Expenses 18,739 18,194 3.0

Operating Income $ 7,714 $ 7,424 3.9

Operating Income Margin 29.2 % 29.0 %

Segment EBITDA(3)

$ 11,444 $ 10,967 4.3

Segment EBITDA Margin(3)

43.3 % 42.8 %

Footnotes:

(1) Mobility and broadband service revenue primarily includes revenue from mobility communication services, FWA broadband, Fios internet and other fiber-based services.

(2) Other revenue primarily includes revenue from wireline products that provide legacy voice, video and data solutions, as well as broadband solutions over a traditional copper-based network. Other revenue also includes fees that partially recover the direct and indirect costs of complying with regulatory and industry obligations and programs, leasing and interest recognized when equipment is sold to the customer by an authorized agent under a device payment plan agreement.

(3) Non-GAAP financial measure.

During the first quarter of 2026, Verizon revised its presentation of revenue reporting for its reportable segments. Accordingly, beginning in the first quarter of 2026, Verizon has reported Consumer revenue disaggregated by products and services as follows: Mobility and broadband service revenue, Wireless equipment revenue and Other revenue. Prior period operating revenue results have been recast to conform to the current period presentation. There was no change to the composition of our reportable segments and total segment results, nor to the determination of segment profit.

The segment financial results above exclude the effects of special items (other than the effects of acquisition-related intangible asset amortization), which the Company’s chief operating decision maker does not consider in assessing segment performance.

Certain intersegment transactions with corporate entities have not been eliminated.

Verizon Communications Inc.

Business - Selected Financial Results

(dollars in millions)

Unaudited 3 Mos. Ended 3/31/26 3 Mos. Ended 3/31/25 %

Change

Operating Revenues

Mobility and broadband service(1)

$ 3,688 $ 3,717 (0.8)

Wireless equipment 857 866 (1.0)

Other(2)

2,874 2,703 6.3

Total Operating Revenues 7,419 7,286 1.8

Operating Expenses

Cost of services 2,341 2,376 (1.5)

Cost of wireless equipment 1,202 1,194 0.7

Selling, general and administrative expense 1,911 2,032 (6.0)

Depreciation and amortization expense 1,081 1,020 6.0

Total Operating Expenses 6,535 6,622 (1.3)

Operating Income $ 884 $ 664 33.1

Operating Income Margin 11.9 % 9.1 %

Segment EBITDA(3)

$ 1,965 $ 1,684 16.7

Segment EBITDA Margin(3)

26.5 % 23.1 %

Footnotes:

(1) Mobility and broadband service revenue primarily includes revenue from mobility communication services, FWA broadband, Fios internet and other fiber-based services.

(3) Non-GAAP financial measure.

During the first quarter of 2026, Verizon revised its presentation of revenue reporting for its reportable segments. Accordingly, beginning in the first quarter of 2026, Verizon has reported Business revenue disaggregated by products and services as follows: Mobility and broadband service revenue, Wireless equipment revenue and Other revenue. Prior period operating revenue results have been recast to conform to the current period presentation. There was no change to the composition of our reportable segments and total segment results, nor to the determination of segment profit.

Certain intersegment transactions with corporate entities have not been eliminated.

Verizon Communications Inc.

Total Operating Statistics

Unaudited 3/31/26 3/31/25 % Change

Connections (‘000)

Wireless retail 146,798 145,974 0.6

Wireless retail postpaid 126,499 125,744 0.6

Wireless retail postpaid phone 93,920 93,214 0.8

Wireless retail core prepaid(1)

19,279 18,977 1.6

Fiber broadband 10,757 7,581 41.9

FWA broadband 6,006 4,845 24.0

Total broadband(2)

16,763 12,426 34.9

Unaudited 3 Mos. Ended 3/31/26 3 Mos. Ended 3/31/25 %

Change

Net Additions Detail (‘000)

Wireless retail (116) (65) (78.5)

Wireless retail postpaid (196) (159) (23.3)

Wireless retail postpaid phone 55 (289) *

Wireless retail core prepaid(1)

115 137 (16.1)

Fiber broadband 127 45 *

FWA broadband 214 308 (30.5)

Total broadband(2)

341 353 (3.4)

Account Statistics

Wireless retail postpaid accounts (‘000)(3)

34,369 34,696 (0.9)

Wireless retail postpaid ARPA(4)

$ 166.66 $ 169.81 (1.9)

Wireless retail core prepaid ARPU(5)

$ 33.31 $ 31.92 4.4

Churn Detail

Wireless retail postpaid phone 0.97 % 0.95 %

Wireless retail core prepaid(1)

3.45 % 3.47 %

Wireless Retail Postpaid Connection Statistics

Upgrade rate 3.0 % 2.8 %

Footnotes:

(1) Represents total prepaid results excluding our SafeLink brand.

(2) Total broadband excludes solutions provided over a traditional copper-based network.

(3) Statistic presented as of end of period.

(4) Wireless retail postpaid ARPA - average service revenue per account from retail postpaid accounts.

(5) Wireless retail core prepaid ARPU - average service revenue per unit from retail prepaid connections excluding our SafeLink brand.

Where applicable, the operating results reflect certain adjustments, including those related to migration activity among different types of devices and plans, customer profile changes, product-related changes and adjustments in connection with mergers, acquisitions and divestitures. Where applicable, historical results have been recast to conform to the current period presentation.

* Not meaningful

Verizon Communications Inc.

Non-GAAP Reconciliations - Consolidated Verizon

Consolidated EBITDA and Consolidated Adjusted EBITDA

(dollars in millions)

Unaudited 3 Mos. Ended 3/31/26 3 Mos. Ended 12/31/25 3 Mos. Ended 9/30/25 3 Mos. Ended 6/30/25 3 Mos. Ended 3/31/25

Consolidated Net Income $ 5,146 $ 2,448 $ 5,056 $ 5,121 $ 4,983

Add:

Provision for income taxes 1,638 615 1,471 1,488 1,490

Interest expense(1)

1,940 1,759 1,664 1,639 1,632

Depreciation and amortization expense(2)

4,892 4,519 4,618 4,635 4,577

Consolidated EBITDA $ 13,616 $ 9,341 $ 12,809 $ 12,883 $ 12,682

Add/(subtract):

Other (income) expense, net(3)

$ (477) $ 185 $ (92) $ (79) $ (121)

Equity in (earnings) losses of unconsolidated businesses (5) (3) 6 3 (6)

Severance charges — 1,715 — — —

Acquisition and integration related charges 261 39 52 — —

Asset and business rationalization — 583 — — —

(221) 2,519 (34) (76) (127)

Consolidated Adjusted EBITDA $ 13,395 $ 11,860 $ 12,775 $ 12,807 $ 12,555

Consolidated Adjusted EBITDA - Year over year change % 6.7 %

Footnotes:

(1) Includes a portion of the Acquisition and integration related charges, where applicable.

(2) Includes Amortization of acquisition-related intangible assets.

(3) Includes Pension and benefits remeasurement adjustments, where applicable.

Consolidated EBITDA and Consolidated Adjusted EBITDA (LTM)

(dollars in millions)

Unaudited 12 Mos. Ended 3/31/26 12 Mos. Ended 12/31/25

Consolidated Net Income $ 17,771 $ 17,608

Add:

Provision for income taxes 5,212 5,064

Interest expense(1)

7,002 6,694

Depreciation and amortization expense(2)

18,664 18,349

Consolidated EBITDA $ 48,649 $ 47,715

Add/(subtract):

Other income, net(3)

$ (463) $ (107)

Equity in losses of unconsolidated businesses

1 —

Severance charges 1,715 1,715

Acquisition and integration related charges 352 91

Asset and business rationalization 583 583

2,188 2,282

Consolidated Adjusted EBITDA $ 50,837 $ 49,997

Footnotes:

(1) Includes a portion of the Acquisition and integration related charges, where applicable.

(2) Includes Amortization of acquisition-related intangible assets.

(3) Includes Pension and benefits remeasurement adjustments, where applicable.

Verizon Communications Inc.

Net Unsecured Debt and Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio

(dollars in millions)

Unaudited 3/31/26 12/31/25

Debt maturing within one year $ 28,229 $ 18,618

Long-term debt 144,231 139,532

Total Debt 172,460 158,150

Less Secured debt 29,962 27,067

Unsecured Debt 142,498 131,083

Less Equity credit for junior subordinated notes(1)

4,079 1,982

Less Cash and cash equivalents 8,366 19,048

Net Unsecured Debt

$ 130,053 $ 110,053

Consolidated Net Income (LTM) $ 17,771 $ 17,608

Unsecured Debt to Consolidated Net Income Ratio 8.0 x 7.4 x

Consolidated Adjusted EBITDA (LTM) $ 50,837 $ 49,997

Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio 2.6 x 2.2 x

Footnote:

(1) Represents a fifty percent equity credit related to junior subordinated notes outstanding.

Adjusted Earnings per Common Share (Adjusted EPS)

(dollars in millions, except per share amounts)

Unaudited 3 Mos. Ended 3/31/26 3 Mos. Ended 3/31/25

Pre-tax Tax After-Tax Pre-tax Tax After-Tax

EPS $ 1.20 $ 1.15

Amortization of acquisition-related intangible assets $ 240 $ (60) $ 180 0.04 $ 190 $ (48) $ 142 0.03

Pension and benefits credits (237) 59 (178) (0.04) — — — —

Acquisition and integration related charges

261 68 329 0.08 — — — —

$ 264 $ 67 $ 331 $ 0.08 $ 190 $ (48) $ 142 $ 0.03

Adjusted EPS $ 1.28 $ 1.19

Year over year change %

7.6 % 3.5 %

Footnote:

Adjusted EPS may not add due to rounding.

(dollars in millions, except per share amounts)

Unaudited 3 Mos. Ended 3/31/24 3 Mos. Ended 3/31/23

Pre-tax Tax After-Tax Pre-tax Tax After-Tax

EPS $ 1.09 $ 1.17

Amortization of acquisition-related intangible assets $ 221 $ (56) $ 165 0.04 $ 208 $ (53) $ 155 0.04

Legacy legal matter 106 (27) 79 0.02 — — — —

$ 327 $ (83) $ 244 $ 0.06 $ 208 $ (53) $ 155 $ 0.04

Adjusted EPS $ 1.15 $ 1.20

Year over year change %

(4.2) % (11.1) %

Footnote:

Adjusted EPS may not add due to rounding.

Verizon Communications Inc.

(dollars in millions, except per share amounts)

Unaudited 3 Mos. Ended 3/31/22 3 Mos. Ended 3/31/21

Pre-tax Tax After-Tax Pre-tax Tax After-Tax

EPS $ 1.09 $ 1.27

Amortization of acquisition-related intangible assets $ 238 $ (60) $ 178 0.04 $ 276 $ (67) $ 209 0.05

Early debt redemption costs 1,241 (316) 925 0.22 — — — —

Loss on spectrum licenses — — — — 223 (56) 167 0.04

$ 1,479 $ (376) $ 1,103 $ 0.26 $ 499 $ (123) $ 376 $ 0.09

Adjusted EPS $ 1.35 $ 1.36

Year over year change %

(0.7) % 7.9 %

Footnote:

Adjusted EPS may not add due to rounding.

(dollars in millions, except per share amounts)

Unaudited 3 Mos. Ended 3/31/20

Pre-tax Tax After-Tax

EPS $ 1.00

Loss on spectrum licenses $ 1,195 $ (281) $ 914 0.22

Pension and benefits charges 182 (47) 135 0.03

$ 1,377 $ (328) $ 1,049 $ 0.25

Adjusted EPS $ 1.26

Footnote:

Adjusted EPS may not add due to rounding.

Free Cash Flow

(dollars in millions)

Unaudited 3 Mos. Ended 3/31/26 3 Mos. Ended 3/31/25

Net Cash Provided by Operating Activities $ 7,984 $ 7,782

Capital expenditures (including capitalized software) (4,201) (4,145)

Free Cash Flow $ 3,783 $ 3,637

Year over year change % 4.0 %

(dollars in millions)

Unaudited 12 Mos. Ended 12/31/25 12 Mos. Ended 12/31/24 12 Mos. Ended 12/31/23 12 Mos. Ended 12/31/22 12 Mos. Ended 12/31/21 12 Mos. Ended 12/31/20

Net Cash Provided by Operating Activities $ 37,137 $ 36,912 $ 37,475 $ 37,141 $ 39,539 $ 41,768

Capital expenditures (including capitalized software) (17,011) (17,090) (18,767) (23,087) (20,286) (18,192)

Free Cash Flow $ 20,126 $ 19,822 $ 18,708 $ 14,054 $ 19,253 $ 23,576

Free Cash Flow Forecast

(dollars in millions)

12 Mos. Ended

Unaudited 12/31/26

Net Cash Provided by Operating Activities Forecast $ 37,500 - 38,000

Capital expenditures forecast (including capitalized software) (16,000 - 16,500)

Free Cash Flow Forecast $ 21,500

Free Cash Flow Growth Forecast %

6.8 %

Verizon Communications Inc.

Non-GAAP Reconciliations - Segments

Segment EBITDA and Segment EBITDA Margin

Consumer

(dollars in millions)

Unaudited 3 Mos. Ended 3/31/26 3 Mos. Ended 3/31/25

Operating Income $ 7,714 $ 7,424

Add Depreciation and amortization expense 3,730 3,543

Segment EBITDA $ 11,444 $ 10,967

Year over year change % 4.3 %

Total operating revenues $ 26,453 $ 25,618

Operating Income Margin 29.2 % 29.0 %

Segment EBITDA Margin 43.3 % 42.8 %

Business

(dollars in millions)

Unaudited 3 Mos. Ended 3/31/26 3 Mos. Ended 3/31/25

Operating Income $ 884 $ 664

Add Depreciation and amortization expense 1,081 1,020

Segment EBITDA $ 1,965 $ 1,684

Year over year change % 16.7 %

Total operating revenues $ 7,419 $ 7,286

Operating Income Margin 11.9 % 9.1 %

Segment EBITDA Margin 26.5 % 23.1 %

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v3.26.1

Cover

Apr. 27, 2026

Entity Information [Line Items]

Document Type

8-K

Document Period End Date

Apr. 27, 2026

Entity Registrant Name

Verizon Communications Inc.

Entity Incorporation, State or Country Code

Entity File Number

1-8606

Entity Tax Identification Number

23-2259884

Entity Address, Address Line One

1095 Avenue of the Americas

Entity Address, City or Town

New York,

Entity Address, State or Province

Entity Address, Postal Zip Code

10036

City Area Code

212

Local Phone Number

395-1000

Entity Information, Former Legal or Registered Name

Not Applicable

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

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Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

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1.375% Notes due 2026

Entity Information [Line Items]

Title of 12(b) Security

1.375% Notes due 2026

Trading Symbol

VZ 26B

Security Exchange Name

NYSE

0.875% Notes due 2027

Entity Information [Line Items]

Title of 12(b) Security

0.875% Notes due 2027

Trading Symbol

VZ 27E

Security Exchange Name

NYSE

1.375% Notes due 2028

Entity Information [Line Items]

Title of 12(b) Security

1.375% Notes due 2028

Trading Symbol

VZ 28

Security Exchange Name

NYSE

1.125% Notes Due 2028

Entity Information [Line Items]

Title of 12(b) Security

1.125% Notes due 2028

Trading Symbol

VZ 28A

Security Exchange Name

NYSE

2.350% Fixed Rate Notes Due 2028

Entity Information [Line Items]

Title of 12(b) Security

2.350% Fixed Rate Notes due 2028

Trading Symbol

VZ 28C

Security Exchange Name

NYSE

1.875% Notes due 2029

Entity Information [Line Items]

Title of 12(b) Security

1.875% Notes due 2029

Trading Symbol

VZ 29B

Security Exchange Name

NYSE

0.375% Notes Due 2029

Entity Information [Line Items]

Title of 12(b) Security

0.375% Notes due 2029

Trading Symbol

VZ 29D

Security Exchange Name

NYSE

1.250% Notes due 2030

Entity Information [Line Items]

Title of 12(b) Security

1.250% Notes due 2030

Trading Symbol

VZ 30

Security Exchange Name

NYSE

1.875% Notes due 2030

Entity Information [Line Items]

Title of 12(b) Security

1.875% Notes due 2030

Trading Symbol

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Security Exchange Name

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Notes Due 2030, 4.250%

Entity Information [Line Items]

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4.250% Notes due 2030

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Security Exchange Name

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2.625% Notes due 2031

Entity Information [Line Items]

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2.625% Notes due 2031

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Security Exchange Name

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2.500% Notes due 2031

Entity Information [Line Items]

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2.500% Notes due 2031

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Security Exchange Name

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3.000% Fixed Rate Notes Due 2031

Entity Information [Line Items]

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3.000% Fixed Rate Notes due 2031

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Security Exchange Name

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0.875% Notes due 2032

Entity Information [Line Items]

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0.875% Notes due 2032

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Security Exchange Name

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0.750% Notes Due 2032

Entity Information [Line Items]

Title of 12(b) Security

0.750% Notes due 2032

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3.500% Notes Due 2032

Entity Information [Line Items]

Title of 12(b) Security

3.500% Notes due 2032

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Security Exchange Name

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3.250% Notes Due 2032

Entity Information [Line Items]

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3.250% Notes due 2032

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Security Exchange Name

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1.300% Notes due 2033

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1.300% Notes due 2033

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Notes Due 2034, 4.75%

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4.750% Notes due 2034

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3.125% Notes due 2035

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3.125% Notes due 2035

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1.125% Notes Due 2035

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1.125% Notes due 2035

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2.875% Notes due 2038

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2.875% Notes due 2038

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1.875% Notes Due 2038

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1.875% Notes due 2038

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Security Exchange Name

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1.500% Notes due 2039

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Title of 12(b) Security

1.500% Notes due 2039

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Security Exchange Name

NYSE

3.500% Fixed Rate Notes Due 2039 [Member]

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3.50% Fixed Rate Notes due 2039

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Security Exchange Name

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1.850% Notes Due 2040

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1.850% Notes due 2040

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3.850% Fixed Rate Notes Due 2041

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Security Exchange Name

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Security Exchange Name

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Security Exchange Name

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Title of 12(b) Security

4.2462% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056

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Security Exchange Name

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Address Line 1 such as Attn, Building Name, Street Name

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Name of the City or Town

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Code for the postal or zip code

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Name of the state or province.

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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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Indicate if registrant meets the emerging growth company criteria.

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Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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Two-character EDGAR code representing the state or country of incorporation.

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Former Legal or Registered Name of an entity

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Local phone number for entity.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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