U.S. smart phone carrier Verizon Wireless has posted its Q4 2011 results. Verizon posted a record revenue growth during the quarter. During the year 2011 revenues reached $110.9 billion, a 4% increase compared with 2010, when results included revenues from operations that have since been divested. Verizon’s quarterly revenue of $28.4 Billion an upward of 7.7% from the same time period last year.Cash flow from operating activities totaled $29.8 billion in 2011, and capital expenditures totaled $16.2 billion. Free cash flow (non-GAAP, cash flow from operations less capex) was more than $13.5 billion in 2011. Moreover Verizon reported $0.85 EPS, down from $0.90 EPS in 2010. During the Q4 Verizon added a total of 1 million total net connections,1.5 million retail customers, including 1.2 million retail postpaid customers.
McAdam added: “Wireline margins recovered from third-quarter pressures, and we expect wireline margin expansion in 2012. With recent strategic moves and our investments in FiOS, LTE, and global IP and cloud-based strategic services, Verizon has set the stage for accelerated growth across our business units, and we look to continue to build significant value for shareholders in 2012.”