Verizon communications inc. (VZ)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
Cash Flows from Operating Activities
Net Income

4,287

5,217

5,337

4,074

5,160

2,065

5,062

4,246

4,666

18,783

3,736

4,478

3,553

4,600

3,747

831

4,430

5,513

4,171

4,353

4,338

-2,148

3,794

4,324

5,986

7,916

5,578

5,198

4,855

-1,926

4,292

4,285

3,906

-212

3,542

3,604

3,264

4,648

2,698

553

2,318

2,344

2,887

3,160

3,210

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense

4,150

4,105

4,114

4,232

4,231

4,352

4,377

4,350

4,324

4,456

4,272

4,167

4,059

3,987

3,942

3,982

4,017

4,039

4,009

3,980

3,989

4,068

4,167

4,161

4,137

4,183

4,154

4,151

4,118

4,137

4,167

4,128

4,028

4,180

4,179

4,113

4,024

4,083

4,023

4,177

4,122

4,243

4,172

4,091

4,028

Employee retirement benefits

-1

-179

189

-99

-195

-1,771

-586

-149

-151

774

-111

-112

-111

-1,826

510

3,665

356

-2,931

623

277

284

7,287

281

281

281

-5,701

295

59

295

7,072

375

376

375

5,998

702

353

373

-1,722

1,722

3,445

543

431

1,113

918

502

Deferred income taxes

-87

162

482

129

459

-1,634

669

652

702

-17,040

697

-145

2,025

1,268

754

-3,252

167

2,626

64

3

823

-1,006

661

408

-155

2,774

1,199

934

878

-2,617

428

581

656

-2,124

400

711

790

1,622

836

-1,670

2,445

-579

1,376

692

604

Provision for uncollectible accounts

553

457

393

419

319

281

237

223

239

325

210

302

330

457

312

298

353

474

392

361

383

411

211

242

231

247

239

247

260

263

188

243

278

272

256

228

270

324

242

309

371

389

274

285

358

Equity in losses of unconsolidated businesses, net of dividends received

-26

-10

-14

-29

-21

60

-23

-238

-30

-17

-33

-39

-28

-44

-36

-29

-29

-29

-26

-28

-44

-42

-56

-53

1,894

2

5

109

-14

-274

48

60

89

66

-297

109

86

80

-309

107

120

-368

152

-290

117

Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses:
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses

1,208

-

-691

1,891

2,702

-

406

-495

2,033

-

2,536

-1,277

4,998

-

2,943

-95

1,162

-

-1,027

-1,304

888

-

-31

-779

1,626

-

-582

169

1,491

-

-939

-444

1,580

-

192

291

2,070

-

862

-2,545

1,043

-

267

1,677

393

Discretionary employee benefits contributions

0

0

0

0

300

0

0

679

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

1,104

1,851

-402

1,862

88

-496

435

409

-129

209

868

-302

-99

-1,820

-1,356

770

-693

-185

-792

-1,569

1,196

164

-848

-2,583

179

-5,849

803

694

1,398

-6,577

854

683

1,617

54

464

852

1,530

188

661

-471

1,552

-1,250

422

244

1,570

Net cash provided by operating activities

8,824

8,998

10,912

8,755

7,081

8,095

9,811

9,785

6,648

7,843

7,169

7,930

1,376

3,965

4,816

5,411

7,497

10,565

9,520

8,737

10,169

7,474

8,353

7,665

7,139

10,431

11,239

9,617

7,531

6,728

9,487

9,314

5,957

8,268

8,720

7,757

5,035

8,249

8,307

9,723

7,084

8,272

8,981

7,515

6,622

Cash Flows from Investing Activities
Capital expenditures (including capitalized software)

-

-

-

-

-

-

4,188

3,286

4,552

-

4,271

3,944

3,067

5,661

4,125

3,886

3,387

5,235

4,387

4,488

3,665

4,567

4,130

4,344

4,150

4,797

4,191

4,014

3,602

4,860

3,885

3,865

3,565

3,698

3,628

4,555

4,363

4,714

4,125

4,196

3,423

4,422

4,356

4,387

3,707

Acquisitions of businesses, net of cash acquired

5,274

0

1

3

4,268

191

1

6

32

-367

16

4,485

1,746

2,802

785

17

161

340

-20

3,223

2

2

1

22

157

413

5

55

21

75

635

63

140

119

10

1,564

104

-375

489

264

274

-

-

-

-

Payments to Acquire Intangible Assets

210

599

100

95

104

122

152

185

970

114

154

119

196

124

128

151

131

131

134

122

9,555

11

72

58

213

150

166

147

117

482

3,783

8

25

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions of licenses, investments and businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

260

249

5,118

Net change in short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7

-5

-16

8

4

-23

-24

-31

17

-23

40

-6

41

-39

-80

Other, net

1,496

-781

-871

-11

406

-147

67

-34

-269

-243

-611

-327

-459

-1,252

154

-261

-243

-238

-76

-838

-46

846

1

-242

11

-550

-63

20

-141

-5

-455

-20

-41

-32

-278

-599

-68

-100

-114

77

-114

461

13

-78

14

Net cash used in investing activities

-6,980

-5,424

-3,568

-3,786

-4,803

-4,798

-4,408

-3,443

-5,285

-5,469

-3,728

-4,709

-4,550

-7,335

-5,192

6,089

-3,436

-5,420

-4,425

-6,995

-13,176

-5,426

-4,084

-1,815

-4,531

-4,810

-2,188

-4,236

-3,599

-5,077

-7,841

-3,911

-3,673

-3,838

-3,540

-5,497

-4,375

-4,994

-4,517

-1,920

-3,623

-5,208

-4,670

-4,519

-8,759

Cash Flows from Financing Activities
Proceeds from long-term borrowings

5,848

1,719

2,123

4,106

2,131

35

1,348

2,628

1,956

5,792

5,906

2,955

13,054

-

-

-

-

170

0

0

6,497

9,392

1,330

3,293

16,952

0

48,667

-1

500

-

-

-

-

4,550

70

0

6,440

-

-

-

-

0

0

4,988

7,052

Proceeds from asset-backed long-term borrowings

2,844

4,594

0

2,865

1,117

1,594

1,500

538

1,178

1,412

0

1,595

1,283

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term borrowings and finance lease obligations

1,700

5,098

2,856

6,667

2,963

1,147

3,208

3,584

2,984

7,380

6,163

4,702

5,592

4,649

3,210

10,924

376

2,172

1,371

221

5,576

5,075

1,277

3,366

7,951

5,771

62

2,257

73

3,525

987

63

1,828

4,385

64

6,804

552

195

3,347

4,075

519

294

793

1,308

16,865

Repayments of asset-backed long-term borrowings

2,229

1,029

2,456

2,004

813

720

915

2,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in short-term obligations, excluding current maturities

-

-

-

-

-

-

-

-

-

-

-

-100

-52

-

-730

650

-40

-39

-199

-588

482

-49

-705

27

252

182

108

-1,013

581

-1,812

1,262

847

-1,734

111

805

-1,372

2,384

0

-1,000

0

-97

-198

-1,351

-8,011

7,908

Dividends paid

2,547

2,542

2,493

2,492

2,489

2,489

2,438

2,438

2,407

2,405

2,357

2,356

2,354

2,354

2,303

2,303

2,302

2,165

2,107

2,113

2,153

2,150

2,070

2,066

1,517

1,516

1,474

1,474

1,472

1,343

1,300

1,296

1,291

1,416

1,380

1,380

1,379

1,378

1,344

1,343

1,347

1,351

1,306

1,307

1,307

Proceeds from sale of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

34

9

2

18

56

37

68

141

69

102

17

52

70

-

-

-

-

-

-

-

-

Purchase of common stock for treasury

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

60

74

5,000

-

-

-

-

0

0

0

153

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

58,886

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Special distribution to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,500

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

347

-1,507

-576

-1,194

360

-229

-843

-1,693

941

-1,573

-1,035

-157

-1,674

-483

-543

-1,912

33

-322

-522

-124

2,545

-786

-105

-869

-2,113

-1,707

-1,370

-1,191

-989

-2,293

-976

-940

-453

-354

-544

-523

-284

-408

-549

-661

-470

-428

-465

-517

-454

Net cash provided by (used in) financing activities

2,563

-3,863

-6,258

-5,386

-2,657

-2,956

-4,556

-6,549

-1,316

-4,554

-3,497

-2,765

4,665

-162

3,960

-14,489

-2,685

-4,559

-4,228

-3,120

-3,205

1,332

-2,827

-2,981

-53,229

-8,803

45,871

-9,068

-1,550

-8,272

-1,933

-1,311

-9,737

-1,392

-1,096

-10,027

6,679

-1,981

-3,157

-6,079

-2,433

-2,271

-3,915

-6,155

-3,666

Increase (decrease) in cash, cash equivalents and restricted cash

4,407

-289

1,086

-417

-379

341

847

-207

47

-2,180

-56

456

1,491

-3,532

3,584

-2,989

1,376

586

867

-1,378

-6,212

3,380

1,442

2,869

-50,621

-3,182

54,922

-3,687

2,382

-6,621

-287

4,092

-7,453

3,038

4,084

-7,767

7,339

1,274

633

1,724

1,028

793

396

-3,159

-5,803