Free Cash Flow to Equity (FCFE)
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Verizon Communications Inc., FCFE 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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Less: Capital expenditures (including capitalized software) | |
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Add: Increase (decrease) in short-term obligations, excluding current maturities | |
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Add: Proceeds from long-term borrowings | |
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Less: Repayments of long-term borrowings and capital lease obligations | |
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Free cash flow to equity (FCFE) | |
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| Item | Description | The company |
|---|---|---|
| FCFE | Free cash flow to equity is the cash flow available to Verizon Communications Inc.'s equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. | Verizon Communications Inc.'s FCFE increased from 2009 to 2010 and from 2010 to 2011. |