1、2003 annual reportdelivering the new world of communicationsc2page titleRUNNING HEADcompany profileCASH FLOW FROM OPERATIONS(billions)0510152025200120032002$19.5$22.1$22.5DIVIDENDS PER SHARE012200120032002$1.54$1.54$1.54In keeping with Verizons commitment to protectingthe environment,this Annual Rep
2、ort is printed on non-glossy,recycled paper.To read more aboutour environmental initiatives including energy conservation and recycling visit our website()and follow the link to“VerizonCommunity Involvement.”On the cover:A Verizon customer uses a cameraphone to take photos,which are then downloadedf
3、rom the Internet using Verizon Online DSL.CONSOLIDATED REVENUES(billions)607065200120032002$66.7$67.3$67.8CorporateLargest U.S.wireline and wireless telecommunications provider Revenues of$67.8 billion$3.1 billion in net income$11.9 billion capital investment More than 200,000 employeesDomestic Tele
4、comLeading provider of local,long-distance,data and broadband services Revenues of$39.6 billion Over 27 million households Nearly 2.4 million business customers$6.8 billion capital investmentVerizon Wireless#1 national wireless provider Revenues of$22.5 billion 37.5 million customers$4.6 billion cap
5、ital investmentInformation ServicesLeading print and online directory publisherand content provider Revenues of$4.1 billion 137 million circulation worldwide 1.5 million advertising customers 93 million monthly searches on SuperPInternationalWireline and wireless operations and investments primarily
6、 in the Americasand Europe Revenues of$1.9 billiondelivering the new world of communicationsFrom analog to digital,wired to wireless,narrowband to broadband,Verizonhas been at the forefront of the transformation in the communicationsindustry reinventing ourselves to put technology to work for custom