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: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 23,547 | 10,557 | 10,198 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16,606 | 16,460 | 16,496 |
| Employee retirement benefits | (5,052) | 8,198 | 7,426 |
| Deferred income taxes | 5,785 | (952) | (223) |
| Provision for uncollectible accounts | 993 | 972 | 1,026 |
| Equity in earnings of unconsolidated businesses, net of dividends received | (102) | 77 | 36 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses | |||
| Accounts receivable | (843) | (1,717) | (966) |
| Inventories | 56 | (136) | 208 |
| Other assets | (143) | 306 | 86 |
| Accounts payable and accrued liabilities | 925 | 1,144 | (1,607) |
| Other, net | (2,954) | (3,423) | (2,900) |
| Net cash provided by operating activities | 38,818 | 31,486 | 29,780 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (16,604) | (16,175) | (16,244) |
| Acquisitions of investments and businesses, net of cash acquired | (494) | (913) | (1,797) |
| Acquisitions of wireless licenses | (580) | (4,298) | (221) |
| Proceeds from dispositions of wireless licenses | 2,111 | 363 | |
| Net change in short-term investments | 63 | 27 | 35 |
| Other, net | 671 | 494 | 977 |
| Net cash used in investing activities | (14,833) | (20,502) | (17,250) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 49,166 | 4,489 | 11,060 |
| Repayments of long-term borrowings and capital lease obligations | (8,163) | (6,403) | (11,805) |
| Decrease in short-term obligations, excluding current maturities | (142) | (1,437) | 1,928 |
| Dividends paid | (5,936) | (5,230) | (5,555) |
| Proceeds from sale of common stock | 85 | 315 | 241 |
| Purchase of common stock for treasury | (153) | ||
| Special distribution to noncontrolling interest | (3,150) | (8,325) | |
| Other, net | (5,257) | (4,662) | (1,705) |
| Net cash provided by (used in) financing activities | 26,450 | (21,253) | (5,836) |
| Increase (decrease) in cash and cash equivalents | 50,435 | (10,269) | 6,694 |
| Cash and cash equivalents, beginning of period | 3,093 | 13,362 | |
| Cash and cash equivalents, end of period | 53,528 | 3,093 | 13,362 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2013 | |
| 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 |