1095 Avenue of the Americas | Anthony T. Skiadas | |||||||
New York, New York 10036 | Senior Vice President and Controller | |||||||
tony.skiadas@verizon.com | ||||||||
Tel: (908) 559-5741 |
March 6, 2023 | ||||||||
Division of Corporation Finance | ||||||||
Office of Technology | ||||||||
U.S. Securities and Exchange Commission | ||||||||
Attention: | Kathryn Jacobson | |||||||
Robert Littlepage |
Re: Verizon Communications Inc.
Form 10-K for the Year Ended December 31, 2022 | ||
Filed February 10, 2023 | ||
Form 8-K filed January 24, 2023 File No. 001-08606 |
Dear Ms. Jacobson and Mr. Littlepage:
We have received your comment letter dated February 27, 2023, and the following represents our response to your comment. For your ease of reference, we have included your comment below followed by our response.
Form 8-K filed January 24, 2023
Exhibit 99.1
Non-GAAP Reconciliations - Consolidated Verizon
Net Unsecured Debt and Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio, page 16
1. We note your disclosure of the non-GAAP measure, Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio. In future filings, please show the ratio as calculated using the most directly comparable GAAP financial measures. Refer to Item 10(e)(1)(i)(A) of Regulation S-K and further guidance under footnote 27 to Exchange Act Release No. 47226.
Verizon Communications Inc. acknowledges the Staff’s comment and confirms that in future filings that disclose Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio it will also include the ratio as calculated using the most directly comparable GAAP financial measures.
Verizon Communications Inc. | File No. 001-08606 | |||||||
March 6, 2023 | Page 2 of 2 |
* * * * *
If the Staff has any questions regarding this response, you may contact me at (908) 559-5741.
Sincerely,
/s/ Anthony T. Skiadas .
Anthony T. Skiadas
Senior Vice President and Controller
cc: Mr. Matthew D. Ellis
Mr. William L. Horton, Jr.
Ms. Mary-Lee Stillwell