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: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 10,198 | 10,217 | 11,601 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16,496 | 16,405 | 16,534 |
| Employee retirement benefits | 7,426 | 3,988 | 2,964 |
| Deferred income taxes | (223) | 3,233 | 2,093 |
| Provision for uncollectible accounts | 1,026 | 1,246 | 1,306 |
| Equity in earnings of unconsolidated businesses, net of dividends received | 36 | 2 | 389 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses | |||
| Accounts receivable | (966) | (859) | (1,393) |
| Inventories | 208 | 299 | 235 |
| Other assets | 86 | (313) | (102) |
| Accounts payable and accrued liabilities | (1,607) | 1,075 | (1,251) |
| Other, net | (2,900) | (1,930) | (986) |
| Net cash provided by operating activities | 29,780 | 33,363 | 31,390 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (16,244) | (16,458) | (16,872) |
| Acquisitions of licenses, investments and businesses, net of cash acquired | (2,018) | (1,438) | (5,958) |
| Proceeds from dispositions | 2,594 | ||
| Net change in short-term investments | 35 | (3) | 84 |
| Other, net | 977 | 251 | (410) |
| Net cash used in investing activities | (17,250) | (15,054) | (23,156) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 11,060 | 12,040 | |
| Repayments of long-term borrowings and capital lease obligations | (11,805) | (8,136) | (19,260) |
| Increase (decrease) in short-term obligations, excluding current maturities | 1,928 | (1,097) | (1,652) |
| Dividends paid | (5,555) | (5,412) | (5,271) |
| Proceeds from sale of common stock | 241 | ||
| Proceeds from access line spin-off | 3,083 | ||
| Other, net | (1,705) | (2,088) | (1,864) |
| Net cash used in financing activities | (5,836) | (13,650) | (16,007) |
| Increase (decrease) in cash and cash equivalents | 6,694 | 4,659 | (7,773) |
| Cash and cash equivalents, beginning of period | 6,668 | 2,009 | |
| Cash and cash equivalents, end of period | 13,362 | 6,668 | 2,009 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2011 | |
| 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 |