10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2009 | |||
Statement Of Cash Flows Indirect | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 10,358 | 12,583 | 10,574 |
| Adjustments to reconcile net income to net cash provided by operating activities - continuing operations: | |||
| Depreciation and amortization expense | 16,532 | 14,565 | 14,377 |
| Employee retirement benefits | 5,095 | 1,955 | 1,720 |
| Deferred income taxes | 1,384 | 2,183 | 408 |
| Provision for uncollectible accounts | 1,306 | 1,085 | 1,047 |
| Equity in earnings of unconsolidated businesses, net of dividends received | 389 | 212 | 1,986 |
| Extraordinary item, net of tax | 0 | 0 | 131 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses: | |||
| Accounts receivable | (1,393) | (1,085) | (1,931) |
| Inventories | 235 | (188) | (255) |
| Other assets | (102) | (59) | (140) |
| Accounts payable and accrued liabilities | (1,251) | (1,701) | (567) |
| Other, net | (988) | (1,993) | 59 |
| Net cash provided by operating activities - continuing operations | 31,565 | 27,557 | 27,409 |
| Net cash used in operating activities - discontinued operations | 0 | 0 | (570) |
| Net cash provided by operating activities | 31,565 | 27,557 | 26,839 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (17,047) | (17,238) | (17,538) |
| Acquisitions of licenses, investments and businesses, net of cash acquired | (5,958) | (15,904) | (763) |
| Net change in short-term investments | 84 | 1,677 | 169 |
| Other, net | (410) | (114) | 1,267 |
| Net cash used in investing activities - continuing operations | (23,331) | (31,579) | (16,865) |
| Net cash provided by investing activities - discontinued operations | 0 | 0 | 757 |
| Net cash used in investing activities | (23,331) | (31,579) | (16,108) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 12,040 | 21,598 | 3,402 |
| Repayments of long-term borrowings and capital lease obligations | (19,260) | (4,146) | (5,503) |
| Increase (decrease) in short-term obligations, excluding current maturities | (1,652) | 2,389 | (3,252) |
| Dividends paid | (5,271) | (4,994) | (4,773) |
| Proceeds from sale of common stock | 0 | 16 | 1,274 |
| Purchase of common stock for treasury | 0 | (1,368) | (2,843) |
| Other, net | (1,864) | (844) | (1,102) |
| Net cash provided by (used in) financing activities - continuing operations | (16,007) | 12,651 | (12,797) |
| Net cash used in financing activities - discontinued operations | 0 | 0 | 0 |
| Net cash provided by (used in) financing activities | (16,007) | 12,651 | (12,797) |
| Increase (decrease) in cash and cash equivalents | (7,773) | 8,629 | (2,066) |
| Cash and cash equivalents, beginning of year | 9,782 | 1,153 | |
| Cash and cash equivalents, end of year | 2,009 | 9,782 | 1,153 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2009 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |