Stock Analysis on Net
Stock Analysis on Net
Stock Analysis on Net without ads!

Verizon Communications Inc. (NYSE:VZ)

$24.99

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Paying user area

Try for free

Verizon Communications Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check

Verizon Communications Inc., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Net income
Depreciation and amortization expense
Employee retirement benefits
Deferred income taxes
Provision for expected credit losses
Equity in (earnings) losses of unconsolidated businesses, net of dividends received
Verizon Business Group goodwill impairment
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses
Other, net
Adjustments to reconcile net income to net cash provided by operating activities
Net cash provided by operating activities
Capital expenditures, including capitalized software
Cash paid related to acquisitions of businesses, net of cash acquired
Acquisitions of wireless licenses
Proceeds from disposition of business
Other, net
Net cash used in investing activities
Proceeds from long-term borrowings
Proceeds from asset-backed long-term borrowings
Repayments of long-term borrowings and finance lease obligations
Repayments of asset-backed long-term borrowings
Dividends paid
Purchase of common stock for treasury
Other, net
Net cash provided by (used in) financing activities
Increase (decrease) in cash, cash equivalents and restricted cash

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

Net cash provided by operating activities demonstrates a consistent ability to generate substantial liquidity, typically ranging between $7 billion and $11 billion per quarter. While net income exhibits notable volatility—most significantly the deficit reported in the quarter ending December 31, 2023—the overall cash generation remains resilient due to the steady influence of non-cash adjustments.

Operating Performance and Non-Cash Adjustments
Operating cash flows are heavily supported by depreciation and amortization expenses, which show a gradual upward trend from approximately $4.1 billion in early 2021 to $5.0 billion by mid-2026. A significant impact on net income was observed in December 2023, where a $5.8 billion goodwill impairment related to the Verizon Business Group resulted in a quarterly net loss of $2.57 billion, although this non-cash charge did not diminish the actual cash provided by operations.
Investment Patterns and Capital Expenditure
Capital expenditures remain a primary use of cash, generally fluctuating between $3.6 billion and $7.3 billion per quarter. Beyond routine CapEx, investing activities are characterized by periodic large-scale outlays for wireless licenses and business acquisitions. A massive license expenditure of $44.8 billion occurred in March 2021, and a significant business acquisition of $9.48 billion was recorded in March 2026. These episodic investments create substantial volatility in the net cash used in investing activities.
Financing Strategy and Shareholder Distributions
Dividend payments exhibit a high degree of stability and a slight upward trajectory, moving from $2.6 billion per quarter in 2021 to $2.95 billion by mid-2026, indicating a prioritized commitment to shareholder returns. The company utilizes a combination of long-term and asset-backed borrowings to manage liquidity, with a notable surge in borrowing in December 2025 ($14.3 billion) and March 2021 ($31.4 billion). Debt repayment is frequent and substantial, often offsetting new borrowings, though a shift toward common stock repurchases is observed in the first half of 2026.
Liquidity and Cash Position
The net change in cash, cash equivalents, and restricted cash is highly variable, reflecting the timing of major financing events and capital investments. Large swings are evident, such as the $11.3 billion increase in December 2025 followed by a $10.8 billion decrease in March 2026, primarily driven by the acquisition of businesses and adjustments in long-term borrowing repayments.