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: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 10,217 | 11,601 | 3,962 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16,405 | 16,534 | 14,610 |
| Employee retirement benefits | 3,988 | 2,964 | 16,077 |
| Deferred income taxes | 3,233 | 2,093 | (3,468) |
| Provision for uncollectible accounts | 1,246 | 1,306 | 1,085 |
| Equity in earnings of unconsolidated businesses, net of dividends received | 2 | 389 | 212 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses: | |||
| Accounts receivable | (859) | (1,393) | (1,085) |
| Inventories | 299 | 235 | (188) |
| Other assets | (313) | (102) | (59) |
| Accounts payable and accrued liabilities | 1,075 | (1,251) | (1,701) |
| Other, net | (1,930) | (986) | (1,993) |
| Net cash provided by operating activities | 33,363 | 31,390 | 27,452 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (16,458) | (16,872) | (17,133) |
| Acquisitions of licenses, investments and businesses, net of cash acquired | (1,438) | (5,958) | (15,904) |
| Proceeds from dispositions | 2,594 | ||
| Net change in short-term investments | (3) | 84 | 1,677 |
| Other, net | 251 | (410) | (114) |
| Net cash used in investing activities | (15,054) | (23,156) | (31,474) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 12,040 | 21,598 | |
| Repayments of long-term borrowings and capital lease obligations | (8,136) | (19,260) | (4,146) |
| Increase (decrease) in short-term obligations, excluding current maturities | (1,097) | (1,652) | 2,389 |
| Dividends paid | (5,412) | (5,271) | (4,994) |
| Proceeds from access line spin-off | 3,083 | ||
| Proceeds from sale of common stock | 16 | ||
| Purchase of common stock for treasury | (1,368) | ||
| Other, net | (2,088) | (1,864) | (844) |
| Net cash provided by (used in) financing activities | (13,650) | (16,007) | 12,651 |
| Increase (decrease) in cash and cash equivalents | 4,659 | (7,773) | 8,629 |
| Cash and cash equivalents, beginning of year | 2,009 | 9,782 | |
| Cash and cash equivalents, end of year | 6,668 | 2,009 | 9,782 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2010 | |
| 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 |