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: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 10,557 | 10,198 | 10,217 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16,460 | 16,496 | 16,405 |
| Employee retirement benefits | 8,198 | 7,426 | 3,988 |
| Deferred income taxes | (952) | (223) | 3,233 |
| Provision for uncollectible accounts | 972 | 1,026 | 1,246 |
| Equity in earnings of unconsolidated businesses, net of dividends received | 77 | 36 | 2 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses | |||
| Accounts receivable | (1,717) | (966) | (859) |
| Inventories | (136) | 208 | 299 |
| Other assets | 306 | 86 | (313) |
| Accounts payable and accrued liabilities | 1,144 | (1,607) | 1,075 |
| Other, net | (3,423) | (2,900) | (1,930) |
| Net cash provided by operating activities | 31,486 | 29,780 | 33,363 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (16,175) | (16,244) | (16,458) |
| Acquisitions of investments and businesses, net of cash acquired | (913) | (1,797) | (652) |
| Acquisitions of wireless licenses, net | (3,935) | (221) | (786) |
| Proceeds from dispositions | 2,594 | ||
| Net change in short-term investments | 27 | 35 | (3) |
| Other, net | 494 | 977 | 251 |
| Net cash used in investing activities | (20,502) | (17,250) | (15,054) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 4,489 | 11,060 | |
| Repayments of long-term borrowings and capital lease obligations | (6,403) | (11,805) | (8,136) |
| Increase (decrease) in short-term obligations, excluding current maturities | (1,437) | 1,928 | (1,097) |
| Dividends paid | (5,230) | (5,555) | (5,412) |
| Proceeds from sale of common stock | 315 | 241 | |
| Proceeds from access line spin-off | 3,083 | ||
| Special distribution to noncontrolling interest | (8,325) | ||
| Other, net | (4,662) | (1,705) | (2,088) |
| Net cash used in financing activities | (21,253) | (5,836) | (13,650) |
| Increase (decrease) in cash and cash equivalents | (10,269) | 6,694 | 4,659 |
| Cash and cash equivalents, beginning of period | 13,362 | 6,668 | |
| Cash and cash equivalents, end of period | 3,093 | 13,362 | 6,668 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2012 | |
| 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 |