← VERIZON COMMUNICATIONS INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $13.1b
$30.1b +129.31%
$15.5b -48.41%
$19.3b +24.07%
$17.8b -7.60%
$22.1b +23.95%
$21.3b -3.67%
$11.6b -45.36%
$17.5b +50.73%
$17.2b -1.90%
—
Net Income (Loss) Attributable to Noncontrolling Interest $481.0m $449.0m $511.0m $523.0m $547.0m $553.0m $492.0m $481.0m $443.0m $434.0m —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $13.6b $30.6b $16.0b $19.8b $18.3b $22.6b $21.7b $12.1b $17.9b $17.6b —
Amortization Cash Flow — — — — — — $2.5b $2.7b $2.8b $3.0b —
Amortization Of Intangibles — — — — — — $2.5b $2.7b $2.8b $3.0b $3.0b
Amortization of Intangible Assets $1.7b $2.2b $2.2b $2.3b $2.4b $2.1b $2.5b $2.7b $2.8b $3.0b —
Depreciation $14.2b $14.7b $15.2b $14.4b $14.3b $14.1b $14.6b $14.9b $15.1b $15.3b $15.3b
Depreciation Amortization Depletion — — — — — — $17.1b $17.6b $17.9b $18.3b $19.0b
Depreciation and amortization $15.9b $17.0b $17.4b $16.7b $16.7b $16.2b $17.1b $17.6b $17.9b $18.3b $19.0b
Depreciation, Depletion and Amortization, Nonproduction $15.9b $17.0b $17.4b $16.7b $16.7b $16.2b $17.1b $17.6b $17.9b $18.3b $19.0b
Deferred Income Tax $1.1b $14.5b $389.0m $1.2b $1.6b $4.3b $3.0b $2.4b $815.0m $2.3b $3.7b
Deferred Tax — — — — — — $3.0b $2.4b $815.0m $2.3b $3.7b
Share-based Payment Arrangement, Noncash Expense $400.0m — — — — — — — — — —
Asset Impairment Charge — — — — — — $0 $5.8b $0 $0 $0
Goodwill, Impairment Loss — — $4.6b $186.0m $0 $0 $16.0m $5.8b $0 $0 $0
Verizon Business Group goodwill impairment $0 $0 $4.6b $186.0m $0 $0 $0 $5.8b $0 $0 —
Earnings (Loss)es From Equity Investments — — — — — — ($10.0m) $84.0m $75.0m $42.0m ($22.0m)
Income (Loss) from Equity Method Investments ($98.0m) ($77.0m) ($186.0m) ($15.0m) ($45.0m) $145.0m $44.0m ($53.0m) ($53.0m) $0 —
Other Nonoperating Income (Expense) ($1.6b) ($2.0b) $2.4b ($2.9b) ($539.0m) $312.0m $1.4b ($313.0m) $995.0m $107.0m —
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions ($138.0m) ($117.0m) ($231.0m) ($74.0m) ($91.0m) ($36.0m) $10.0m ($84.0m) ($75.0m) ($42.0m) —
Changes in operating assets and liabilities:
Change In Working Capital — — — — — — ($456.0m) ($267.0m) ($2.3b) ($2.3b) ($2.4b)
Accounts Receivable, Credit Loss Expense (Reversal) $1.4b $1.2b $980.0m $1.6b $1.4b $789.0m $1.6b $2.2b $2.3b $2.3b ($2.5b)
Accounts receivable ($5.1b) ($5.4b) ($2.7b) ($1.5b) $189.0m ($1.6b) ($2.0b) ($2.2b) ($2.6b) ($2.5b) ($2.5b)
Change In Receivables — — — — — — ($2.0b) ($2.2b) ($2.6b) ($2.5b) ($2.5b)
Changes In Account Receivables — — — — — — ($2.0b) ($2.2b) ($2.6b) ($2.5b) ($2.5b)
Increase (Decrease) in Accounts Receivable $5.1b $5.4b $2.7b $1.5b ($189.0m) $1.6b $2.0b $2.2b $2.6b $2.5b ($2.5b)
Change In Inventory — — — — — — $627.0m $287.0m ($196.0m) ($232.0m) ($232.0m)
Increase (Decrease) in Inventories ($61.0m) ($168.0m) $324.0m $76.0m $369.0m $905.0m ($627.0m) ($287.0m) $196.0m $232.0m ($232.0m)
Inventories $61.0m $168.0m ($324.0m) ($76.0m) ($369.0m) ($905.0m) $627.0m $287.0m ($196.0m) ($232.0m) ($232.0m)
Accounts payable and accrued liabilities and Other current liabilities ($1.1b) ($335.0m) $1.8b ($2.4b) ($966.0m) $1.5b ($33.0m) $2.1b $1.1b $1.8b $1.8b
Gain (Loss) on Disposition of Other Assets — — — $261.0m — — — — — — —
Increase (Decrease) in Other Operating Assets ($449.0m) ($656.0m) — — — — — — — — —
Net Cash Provided by (Used in) Operating Activities $22.7b
$25.3b +11.40%
$34.3b +35.70%
$35.7b +4.10%
$41.8b +16.85%
$39.5b -5.34%
$37.1b -6.06%
$37.5b +0.90%
$36.9b -1.50%
$37.1b +0.61%
$38.8b +4.48%
Cash flows from investing activities:
Capital Expenditure — — — — — — ($26.7b) ($24.6b) ($18.0b) ($17.5b) ($18.6b)
Capital Expenditure Reported $17.1b $17.2b $16.7b — — — ($23.1b) ($18.8b) ($17.1b) ($17.0b) ($18.6b)
Capital expenditures (including capitalized software) ($17.1b) ($17.2b) ($16.7b) ($17.9b) ($18.2b) ($20.3b) ($23.1b) ($18.8b) ($17.1b) ($17.0b) ($18.6b)
Acquisitions of wireless licenses ($534.0m) ($583.0m) ($1.4b) ($898.0m) ($2.1b) ($47.6b) ($3.7b) ($5.8b) ($900.0m) ($450.0m) —
Cash paid related to acquisitions of businesses, net of cash acquired ($3.8b) ($5.9b) ($230.0m) ($29.0m) ($520.0m) ($4.1b) $248.0m ($30.0m) $0 $0 —
Payments to Acquire Businesses, Net of Cash Acquired $3.8b $5.9b $230.0m $29.0m $520.0m $4.1b ($248.0m) $30.0m $0 $0 ($9.5b)
Net Other Investing Changes — — — — — — $62.0m $1.2b ($684.0m) $801.0m $149.0m
Payments for (Proceeds from) Other Investing Activities ($493.0m) ($772.0m) ($383.0m) ($1.3b) $2.7b ($672.0m) ($62.0m) ($281.0m) ($28.0m) ($801.0m) —
Net Cash Provided by (Used in) Investing Activities ($11.0b) ($19.4b) ($17.9b) ($17.6b) ($23.5b) ($67.2b) ($28.7b) ($23.4b) ($18.7b) ($16.7b) ($28.0b)
Cash flows from financing activities:
Gain (Loss) on Extinguishment of Debt ($1.8b) ($2.0b) ($700.0m) ($3.6b) ($129.0m) ($3.5b) ($1.1b) $308.0m $385.0m $368.0m —
Issuance Of Debt — — — — — — $17.8b $8.6b $15.6b $27.6b $42.9b
Long Term Debt Issuance — — — — — — $17.8b $8.6b $15.6b $27.6b $42.9b
Long Term Debt Payments — — — — — — ($13.6b) ($10.6b) ($20.3b) ($19.8b) ($38.1b)
Net Issuance Payments Of Debt — — — — — — $4.3b ($2.0b) ($4.8b) $7.8b $4.9b
Net Long Term Debt Issuance — — — — — — $4.2b ($2.0b) ($4.8b) $7.8b $4.9b
Net Short Term Debt Issuance — — — — — $0 $106.0m ($150.0m) $0 — $0
Proceeds from Issuance of Long-term Debt $13.0b $27.7b $10.8b $18.7b $31.5b $41.4b $17.8b $8.6b $15.6b $27.6b $42.9b
Proceeds from asset-backed long-term borrowings $5.0b $4.3b $4.8b $8.6b $5.6b $8.4b $10.7b $6.6b $12.4b $9.3b —
Proceeds from long-term borrowings $13.0b $27.7b $6.0b $10.1b $25.8b $33.0b $7.1b $2.0b $3.1b $18.3b —
Repayment Of Debt — — — — — — ($13.6b) ($10.6b) ($20.3b) ($19.8b) ($38.1b)
Repayments of asset-backed long-term borrowings $0 ($400.0m) ($3.6b) ($6.3b) ($7.4b) ($4.8b) ($4.9b) ($4.4b) ($8.5b) ($8.4b) —
Repayments of long-term borrowings and finance lease obligations — ($23.8b) ($10.9b) ($17.6b) ($9.8b) ($14.1b) ($8.6b) ($6.2b) ($11.9b) ($11.4b) —
Common Stock Dividend Paid — — — — — — ($10.8b) ($11.0b) ($11.2b) ($11.5b) ($11.6b)
Payments for Repurchase of Common Stock — $0 — — — — — — — — —
Proceeds from Issuance of Common Stock $3.0m — — — — — — — — — —
Cash Dividends Paid — — — — — — ($10.8b) ($11.0b) ($11.2b) ($11.5b) ($11.6b)
Dividends Payable, Current $2.4b $2.4b $2.5b $2.6b $2.6b $2.7b $2.8b $2.8b $2.9b $2.9b —
Dividends paid $9.3b $9.5b $9.8b $10.0b $10.2b $10.4b $10.8b $11.0b $11.2b $11.5b ($11.6b)
Equity in losses of unconsolidated businesses, inclusive of dividends received $138 $117 $231 $74 $91 $36 ($10) $84 $75 $42 —
Payments of Dividends $9.3b $9.5b $9.8b $10.0b $10.2b $10.4b $10.8b $11.0b $11.2b $11.5b ($11.6b)
Net Other Financing Charges — — — — — — ($2.1b) ($1.6b) ($1.1b) ($1.9b) ($2.2b)
Proceeds from (Payments for) Other Financing Activities ($2.7b) ($4.9b) ($1.8b) ($2.9b) ($2.7b) ($3.8b) ($2.1b) ($1.5b) ($1.1b) ($1.9b) —
Net Cash Provided by (Used in) Financing Activities ($13.3b)
($6.7b) +49.45%
($15.4b) -128.35%
($18.2b) -18.12%
$1.3b +107.29%
$8.3b +524.68%
($8.5b) -203.04%
($14.7b) -71.85%
($17.1b) -16.67%
($5.6b) +67.18%
($12.5b) -121.91%
Increase (decrease) in cash, cash equivalents and restricted cash ($1.6b) ($289.0m) $1.0b $1.0m $19.6b ($19.3b) ($50.0m) ($614.0m) $1.1b $14.9b —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $1.0b $1.0m $19.6b ($19.3b) ($50.0m) ($614.0m) $1.1b $14.9b $2.3b
Beginning Cash Position — — — — — — $4.2b $4.1b $3.5b $4.6b $3.9b
Cash, cash equivalents and restricted cash, beginning of period $3.2b $2.9b $3.9b $3.9b $23.5b $4.2b $4.1b $3.5b $4.6b $19.5b —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $3.9b $3.9b $23.5b $4.2b $4.1b $3.5b $4.6b $19.5b $2.3b
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Additional Financial Items
Cash Flow From Continuing Financing Activities — — — — — — ($8.5b) ($14.7b) ($17.1b) ($5.6b) ($12.5b)
Cash Flow From Continuing Investing Activities — — — — — — ($28.7b) ($23.4b) ($18.7b) ($16.7b) ($28.0b)
Change In Account Payable — — — — — — ($33.0m) $2.1b $1.1b $1.8b $1.8b
Change In Cash Supplemental As Reported — — — — — — ($50.0m) ($614.0m) $1.1b $14.9b —
Change In Payable — — — — — — ($33.0m) $2.1b $1.1b $1.8b $1.8b
Change In Prepaid Assets — — — — — — $928.0m ($435.0m) ($626.0m) ($1.4b) ($1.4b)
Changes In Cash — — — — — — ($50.0m) ($614.0m) $1.1b $14.9b ($1.6b)
Employee retirement benefits $2.7b $440.0m ($2.7b) ($284.0m) $840.0m ($3.4b) ($2.0b) $1.2b ($52.0m) $1.0b —
End Cash Position — — — — — — $4.1b $3.5b $4.6b $19.5b $2.3b
Financing Cash Flow — — — — — — ($8.5b)
($14.7b) -71.85%
($17.1b) -16.67%
($5.6b) +67.18%
($12.5b) -121.91%
Free Cash Flow — — — — — — $10.4b $12.9b $18.9b $19.7b $20.2b
Gain (Loss) on Disposition of Assets — — — ($94.0m) ($126.0m) $706.0m $0 $0 — — —
Gain (Loss) on Disposition of Business — $1.8b $0 $0 — $1.1b $0 $0 — — —
Gain (Loss) on Disposition of Intangible Assets $142.0m $270.0m $0 $0 — — — — — — —
Goodwill $27.2b $29.2b $24.6b $24.4b $24.8b $28.6b $28.7b $22.8b $22.8b $22.8b $0
Income Tax Expense (Benefit) $7.4b ($10.0b) $3.6b $2.9b $5.6b $6.8b $6.5b $4.9b $5.0b $5.1b —
Income Taxes Paid, Net $9.6b $4.4b $2.2b $3.6b $2.7b $3.0b $2.7b $2.3b $5.6b $3.6b —
Interest Expense Nonoperating — — — — — — — — $6.6b $6.7b —
Interest Paid, Excluding Capitalized Interest, Operating Activities $4.1b $4.4b $4.4b $4.7b $4.4b $3.4b $3.3b $4.4b $5.5b $5.8b —
Investing Cash Flow — — — — — — ($28.7b) ($23.4b) ($18.7b) ($16.7b) ($28.0b)
Net Business Purchase And Sale — — — — — — $281.0m ($30.0m) $0 $0 ($9.5b)
Net Intangibles Purchase And Sale — — — — — — ($3.7b) ($5.8b) ($900.0m) ($450.0m) ($1.4b)
Net Investment Purchase And Sale — — — — — ($21.0m) ($2.3b) $880.0m ($712.0m) — ($712.0m)
Operating Gains Losses — — — — — — ($2.1b) $1.3b $23.0m $1.1b ($4.0m)
Other Non Cash Items — — — — — — ($3.8b) ($3.7b) $173.0m ($2.3b) —
Other, net ($2.7b) ($4.9b) ($1.8b) ($2.9b) ($2.7b) ($3.8b) ($2.1b) ($1.5b) ($1.1b) ($1.9b) —
Payments of Financing Costs — — — $1.8b $1.1b $2.3b $366.0m $73.0m $259.0m $97.0m —
Pension And Employee Benefit Expense — — — — — — ($2.0b) $1.2b ($52.0m) $1.0b $729.0m
Prepaid expenses and other ($660.0m) $27.0m $37.0m ($2.8b) $1.2b $150.0m $928.0m ($435.0m) ($626.0m) ($1.4b) —
Provision for Loan, Lease, and Other Losses $692.0m $718.0m $459.0m $915.0m — — — — — — —
Provision for expected credit losses $1.4b $1.2b $980.0m $1.6b $1.4b $789.0m $1.6b $2.2b $2.3b $2.3b —
Provisionand Write Offof Assets — — — — — — $1.6b $2.2b $2.3b $2.3b $2.3b
Purchase Of Business — — — — — ($4.1b) — ($30.0m) $0 $0 ($9.5b)
Purchase Of Intangibles — — — — — — ($3.7b) ($5.8b) ($900.0m) ($450.0m) ($1.4b)
Purchase Of Investment — — — — — ($21.0m) ($2.3b) — — — —
Sale Of Business — — — — — $4.1b $281.0m $0 $0 — $0
Supplemental disclosure of cash flow information:

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.