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Commission file number: 1-8606

Verizon Communications Inc.

(Exact name of registrant as specified in its charter)

Delaware									23-2259884
(State or other jurisdiction of incorporation or organization)									(I.R.S. Employer Identification No.)
1095 Avenue of the Americas
New York,			New York						10036
(Address of principal executive offices)									(Zip Code)

Registrant’s telephone number, including area code: (212) 395-1000

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  ☒  Yes   ☐  No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. ☐  Yes   ☒  No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒  Yes   ☐  No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒  Yes   ☐  No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ☐  Yes   ☒  No

At June 30, 2021, the aggregate market value of the registrant’s voting stock held by non-affiliates was approximately $232,001,885,386.

At January 31, 2022, 4,197,823,662 shares of the registrant’s common stock were outstanding, after deducting 93,609,984 shares held in treasury.

Documents Incorporated By Reference:

Portions of the registrant’s definitive Proxy Statement to be delivered to shareholders in connection with the registrant’s 2022 Annual Meeting of Shareholders (Part III).

TABLE OF CONTENTS

Item No.						Page
PART I
Item 1.			Business			4
Item 1A.			Risk Factors			14
Item 1B.			Unresolved Staff Comments			18
Item 2.			Properties			18
Item 3.			Legal Proceedings			18
Item 4.			Mine Safety Disclosures			18
PART II
Item 5.			Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities			19
Item 6.			[Reserved]			19
Item 7.			Management’s Discussion and Analysis of Financial Condition and Results of Operations			19
Item 7A.			Quantitative and Qualitative Disclosures About Market Risk			46
Item 8.			Financial Statements and Supplementary Data			48
Item 9.			Changes in and Disagreements with Accountants on Accounting and Financial Disclosure			103
Item 9A.			Controls and Procedures			103
Item 9B.			Other Information			104
Item 9C.			Disclosure Regarding Foreign Jurisdictions that Prevent Inspections			104
PART III
Item 10.			Directors, Executive Officers and Corporate Governance			104
Item 11.			Executive Compensation			105
Item 12.			Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters			105
Item 13.			Certain Relationships and Related Transactions, and Director Independence			106
Item 14.			Principal Accounting Fees and Services			106
PART IV
Item 15.			Exhibits and Financial Statement Schedules			107
Item 16.			Form 10-K Summary			111
Signatures						111
Certifications