For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. 2020 Proxy Statement. What does academic growth look like . Forward-looking statements also include those preceded or followed by the words “anticipates,” “believes,” “estimates,” “expects,” “hopes” or similar expressions.
For 2020, Verizon expects the following:For full-year 2019, Verizon reported $4.65 in EPS, compared with $3.76 in full-year 2018. All values USD millions.
We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. On an adjusted basis (non-GAAP), fourth-quarter 2019 EPS, excluding special items, was $1.13, compared with adjusted EPS of $1.12 in fourth-quarter 2018.Disciplined network strategy, strong operational performance, and wireless customer growthFourth-quarter 2019 EPS included a net pre-tax loss from special items of about $2.4 billion, which consisted of an early debt extinguishment charge of $2.1 billion, an impairment charge of $236 million primarily related to the write-down of goodwill in the Media business, and a net charge related to severance and annual mark-to-market for pension and OPEB (other post-employment benefits) liabilities of $135 million.
The following important factors, along with those discussed in our filings with the Securities and Exchange Commission (the “SEC”), could affect future results and could cause those results to differ materially from those expressed in the forward-looking statements: adverse conditions in the U.S. and international economies; the effects of competition in the markets in which we operate; material changes in technology or technology substitution; disruption of our key suppliers’ provisioning of products or services; changes in the regulatory environment in which we operate, including any increase in restrictions on our ability to operate our networks; breaches of network or information technology security, natural disasters, terrorist attacks or acts of war or significant litigation and any resulting financial impact not covered by insurance; our high level of indebtedness; an adverse change in the ratings afforded our debt securities by nationally accredited ratings organizations or adverse conditions in the credit markets affecting the cost, including interest rates, and/or availability of further financing; material adverse changes in labor matters, including labor negotiations, and any resulting financial and/or operational impact; significant increases in benefit plan costs or lower investment returns on plan assets; changes in tax laws or treaties, or in their interpretation; changes in accounting assumptions that regulatory agencies, including the SEC, may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings; the inability to implement our business strategies; and the inability to realize the expected benefits of strategic transactions.Stay up-to-date with the latest news stories from Verizon.The company's unsecured debt decreased by $3.9 billion in 2019.
Wireless carrier/operator subscriber share in the U.S. 2011-2019Corporate solution including all features.Data sets for your business planDirectly accessible data for 170 industries from 50 countries and over 1 Mio. "In 2019, Verizon drove innovation in 5G, established a new operating structure and delivered solid financial results. The company also recorded a $2.2 billion tax benefit related to the sale of preferred shares in a foreign affiliate.
07.22.2020. The cash impact related to the tax benefit of this sale will be realized in 2020.In fourth-quarter 2019, Verizon's results included the effects of a reduction in benefits from the adoption of a revenue recognition standard, primarily due to the deferral of commission expense, and the adoption of a lease accounting standard. Our 5G footprint continues to grow as we lead this era of transformational change by building these next-generation networks the right way."
Verizon generates the largest share of its revenue from the consumer segment, which accounted for 68.4 percent in 2019. Fiscal year is January-December.