1、creating the future of communicationsVerizon Communications 2004 Annual ReportCONSOLIDATED REVENUES(billions)200420032002$71.3$67.5$67.1CASH FLOW FROM OPERATIONS(billions)20042003$22.52002$22.1$21.8TOTAL DEBT(billions)2004$39.32003$45.42002$53.3DIVIDENDS PER SHARE2004$1.542003$1.542002$1.54company p
2、rofileTOTAL VERIZONLargest U.S.wireline and wireless telecommunications provider Revenues of$71.3 billion$7.3 billion in income before discontinued operations and cumulative effect of accountingchange$13.3 billion capital investment More than 210,000 employeesDOMESTIC TELECOMMajor provider of local,
3、long-distance,data and broadband services Revenues of$38.6 billion Wireline assets serve two-thirds of thetop 100 U.S.markets$7.1 billion capital investmentVERIZON WIRELESSLeading wireless services provider with the nations most reliable wirelessvoice network Revenues of$27.7 billion 43.8 million cu
4、stomers$5.6 billion capital investmentINFORMATION SERVICESLeading print and online directory publisher and content provider Revenues of$3.6 billion 128 million circulation worldwide 1.2 million advertising customers 134 million monthly searches onSuperPIn keeping with Verizons commitment to protecti
5、ng the environment,this Annual Report is printed on non-glossy,recycled paper.Information about our environmental initiatives including energy conservation,reducing greenhouse gas emissions,waste reduction and recycling can be found on our website()byclicking on“About Verizon”and selecting“Verizon a
6、nd the Environment.”INTERNATIONALWireline and wireless operations andinvestments primarily in the Americas and Europe Revenues of$2.0 billion1creating a premier communications companyVerizon is creating the future of communications by ushering in a new era in wireline and wire-less broadband connect