Verizon Communications Inc. reported unaudited consolidated earning results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company's operating revenues were $30,045 million against $28,436 million a year ago. Operating loss was $3,169 million against $1,112 million a year ago. Loss before (Provision) benefit for income taxes was $4,736 million against $1,802 million a year ago. Net loss was $1,926 million against $212 million a year ago. Net loss attributable to company was $4,229 million or $1.48 per basic and diluted share against $2,023 million or $0.71 per basic and diluted share a year ago.

For the year, the company's operating revenues were $115,846 million against $110,875 million a year ago. Operating income was $13,160 million against $12,880 million a year ago. Income before (Provision) benefit for income taxes was $9,897 million against $10,483 million a year ago. Net income was $10,557 million against $10,198 million a year ago. Net income attributable to company was $875 million or $0.31 per basic and diluted share against $2,404 million or $0.85 per basic and diluted share a year ago. Net debt was $48,894 million against $41,790 million a year ago. Net cash provided by operating activities was $31,486 million against $29,780 million a year ago. Capital expenditures were $16,175 million against $16,244 million a year ago. Free cash flow (non-GAAP, cash flow from operations less capex) was $15.3 billion for the year, an increase of 13.1% compared with $13.5 billion in 2011.

The company provided capex guidance for the full year of 2013. CapEx for 2013 will be flat with last year.