Free Cash Flow to The Firm (FCFF)
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Verizon Communications Inc., FCFF calculation
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Net income attributable to Verizon | |
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Add: Net income attributable to noncontrolling interest | |
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Add: Net noncash charges | |
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Less: Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses | |
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Net cash provided by operating activities | |
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Add: Interest paid, net of amounts capitalized, net of tax | |
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Less: Capital expenditures (including capitalized software) | |
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Free cash flow to the firm (FCFF) | |
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| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the Verizon Communications Inc.'s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Verizon Communications Inc.'s FCFF increased from 2009 to 2010 but then declined significantly from 2010 to 2011. |