1、Verizon Communications2007 Annual ReportFinancial Highlights(as of December 31,2007)Corporate Highlights$2.56$2.39$2.54$1.90$2.65$2.12$69.5$88.2$93.5$20.4$23.0$26.3$1.62$1.62$1.67Adjusted DilutedEarnings per Share(non-GAAP)050607050607Reported DilutedEarnings per ShareConsolidated Revenues(billions)
2、Operating Cash Flow from Continuing Operations(billions)Declared Dividends per Share050607050607050607 5.8%consolidated revenue growth 17.9%operating income growth 14.2%increase in operating cash flow from continuing operations 6.2%increase in annual dividend$2.8 billion in share repurchasesNote:Pri
3、or-period amounts have been reclassified to reflect comparable results.See for reconciliations to generally accepted accounting principles(GAAP)for the non-GAAP financial measures included in this annual report.Verizons 2006 reported results include revenues and expenses from the former MCI,Inc.,sub
4、sequent to the close of the merger in January 2006.Information provided in this annual report on a pro forma(non-GAAP)basis presents the combined operating results of Verizon and the former MCI on a comparable basis.Discontinued operations include Verizons former directory publishing unit,which was
5、spun-off to shareowners in the fourth quarter 2006,and the operations of Verizon Dominicana C.por A.(Verizon Dominicana)and Telecomunicaciones de Puerto Rico Inc.(TELPRI)following second quarter 2006 agreements to sell the businesses.The Verizon Dominicana sale closed in the fourth quarter 2006.The
6、TELPRI sale closed in the first quarter of 2007.Corporate Highlights shown above are presented on a pro forma and adjusted basis.Intra-and inter-segment transactions have not been eliminated from the business group revenue totals cited in this document.In keeping with Verizons commitment to protecti