Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

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.

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

US$ in millions

Microsoft Excel
3 months ended: 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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net income (2,573) 4,884 4,766 5,018 6,698 5,024 5,315 4,711 4,737 6,554 5,949 5,378 4,718 4,504 4,839 4,287 5,217 5,337 4,074 5,160
Depreciation and amortization expense 4,516 4,431 4,359 4,318 4,218 4,324 4,321 4,236 4,051 3,961 4,020 4,174 4,197 4,192 4,181 4,150 4,105 4,114 4,232 4,231
Employee retirement benefits 1,045 53 54 54 (2,525) 600 89 (210) (1,463) (109) (1,566) (253) (27) 899 (31) (1) (179) 189 (99) (195)
Deferred income taxes 1,566 189 302 331 1,378 81 887 627 1,294 992 1,216 762 1,023 650 (33) (87) 162 482 129 459
Provision for expected credit losses 618 535 531 530 563 383 337 328 185 195 185 224 280 269 278 553 457 393 419 319
Equity in (earnings) losses of unconsolidated businesses, net of dividends received 15 20 39 10 3 5 (25) 7 4 7 6 19 24 21 20 26 10 14 29 21
Verizon Business Group goodwill impairment 5,841
Media goodwill impairment 186
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses (1,239) 1,592 154 (774) 2 1,501 1,533 (3,492) (1,493) 521 123 (41) (1,289) (1,952) 4,505 (1,208) (2,811) 691 (1,891) (2,702)
Discretionary employee benefits contributions (300)
Other, net (1,112) (926) (474) (1,198) (1,395) (1,384) (1,613) 614 1,062 (1,397) 811 (569) 370 337 969 1,104 1,851 (308) 1,862 88
Adjustments to reconcile net income to net cash provided by operating activities 11,250 5,894 4,965 3,271 2,244 5,510 5,529 2,110 3,640 4,170 4,795 4,316 4,578 4,416 9,889 4,537 3,781 5,575 4,681 1,921
Net cash provided by operating activities 8,677 10,778 9,731 8,289 8,942 10,534 10,844 6,821 8,377 10,724 10,744 9,694 9,296 8,920 14,728 8,824 8,998 10,912 8,755 7,081
Capital expenditures, including capitalized software (4,603) (4,094) (4,112) (5,958) (7,276) (5,320) (4,670) (5,821) (6,425) (5,145) (4,222) (4,494) (4,024) (4,318) (4,576) (5,274) (5,607) (4,365) (3,699) (4,268)
Cash (paid) received related to acquisitions of businesses, net (30) 1 247 (3,606) (1) (50) (408) (13) (108) (399) (1) (3) (25)
Acquisitions of wireless licenses (3,937) (774) (487) (598) (763) (615) (437) (1,838) (569) (1,749) (495) (44,783) (139) (186) (1,591) (210) (599) (100) (95) (104)
Collateral (payments) receipts related to derivative contracts, net 718 (662) 457 367 2,592 (2,782) (1,798) (277)
Proceeds from disposition of business 33 4,122 1 27
Other, net 28 122 52 79 105 19 (3) (59) 465 156 19 32 (867) (1,733) 1,422 (1,496) 781 871 11 (406)
Net cash used in investing activities (7,824) (5,408) (4,090) (6,110) (5,342) (8,664) (6,661) (7,995) (10,135) (2,617) (4,748) (49,653) (5,043) (6,345) (5,144) (6,980) (5,424) (3,568) (3,786) (4,803)
Proceeds from long-term borrowings 19 496 999 504 2,469 988 13 3,604 552 1,038 61 31,383 13,435 3,082 3,457 5,848 1,719 2,123 4,106 2,131
Proceeds from asset-backed long-term borrowings 1,938 951 1,951 1,754 4,793 886 1,508 3,545 5,688 1,695 1,000 1,196 1,595 2,844 4,594 2,865 1,117
Net proceeds from (repayments of) short-term commercial paper (483) 500 (509) 342 (4,408) 1,954 (1,231) 3,791
Repayments of long-term borrowings and finance lease obligations (613) (2,968) (1,275) (1,325) (615) (596) (849) (6,556) (6,159) (345) (7,257) (302) (922) (320) (6,833) (1,700) (5,098) (2,856) (6,667) (2,963)
Repayments of asset-backed long-term borrowings (714) (1,346) (1,452) (931) (1,301) (952) (1,045) (1,650) (913) (894) (2,261) (732) (687) (2,114) (2,383) (2,229) (1,029) (2,456) (2,004) (813)
Dividends paid (2,794) (2,744) (2,743) (2,744) (2,739) (2,688) (2,724) (2,654) (2,648) (2,599) (2,597) (2,601) (2,596) (2,546) (2,543) (2,547) (2,542) (2,493) (2,492) (2,489)
Other, net (369) (944) (174) 17 (1,275) (1,208) 246 165 (1,712) (281) (1,047) (792) (1,364) (1,202) (493) 347 (1,507) (576) (1,194) 360
Net cash provided by (used in) financing activities (3,016) (6,055) (3,203) (2,383) (3,076) (1,616) (4,082) 245 (5,192) (3,081) (11,406) 27,956 9,062 (1,505) (8,795) 2,563 (3,863) (6,258) (5,386) (2,657)
Increase (decrease) in cash, cash equivalents and restricted cash (2,163) (685) 2,438 (204) 524 254 101 (929) (6,950) 5,026 (5,410) (12,003) 13,315 1,070 789 4,407 (289) 1,086 (417) (379)

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Verizon Communications Inc. net cash provided by operating activities increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Verizon Communications Inc. net cash used in investing activities decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Verizon Communications Inc. net cash provided by (used in) financing activities decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.