1、ANNUALREPORT 2019 s 2 Financial and operational highlights as of December 31,2019Verizon strategically reorganized the business efgective April 1,2019.Under its new reporting structure,Verizon 2.0,there are two reportable segments that the company operates and manages as strategic business units:Con
2、sumer and Business.Verizon previously operated and managed the business under its historical Wireless and Wireline segments.For comparison purposes,highlights for both the current and previous operating structures are represented here.2019 highlights$4.81 adjusted earnings per share(non-GAAP)$10.0 b
3、illion in cash dividend payments 13th consecutive year of annual dividend increases$35.7 billion in cash flow from operations$131.9 billion in consolidated revenue$91.1 billion inconsumer revenues$31.4 billion in business revenues$94.2 billion in historical wireless revenues(non-GAAP)$28.6 billion i
4、n historical wireline revenues(non-GAAP)Dividends declared per share 2019$2.435 Up 2.1%year over year2017$2.335 2018$2.385 2019$2.435 See our investor website( reconciliations to U.S.generally accepted accounting principles(GAAP)for the non-GAAP financial measures included in this annual report.Forw
5、ard-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 operatio
6、ns.Forward-looking statements also include those preceded or followed by the words“anticipates,”“believes,”“estimates,”“expects,”“hopes”or similar expressions.For those statements,we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation