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: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 18,375 | 11,956 | 23,547 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16,017 | 16,533 | 16,606 |
| Employee retirement benefits | (1,747) | 8,130 | (5,052) |
| Deferred income taxes | 3,516 | (92) | 5,785 |
| Provision for uncollectible accounts | 1,610 | 1,095 | 993 |
| Equity in losses (earnings) of unconsolidated businesses, net of dividends received | 127 | (1,743) | (102) |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses | |||
| Accounts receivable | (945) | (2,745) | (843) |
| Inventories | (99) | (132) | 56 |
| Other assets | 942 | (695) | (143) |
| Accounts payable and accrued liabilities | 2,545 | 1,412 | 925 |
| Other, net | (1,411) | (3,088) | (2,954) |
| Net cash provided by operating activities | 38,930 | 30,631 | 38,818 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (17,775) | (17,191) | (16,604) |
| Acquisitions of investments and businesses, net of cash acquired | (3,545) | (182) | (494) |
| Acquisitions of wireless licenses | (9,942) | (354) | (580) |
| Proceeds from dispositions of wireless licenses | 2,367 | 2,111 | |
| Proceeds from dispositions of businesses | 48 | 120 | |
| Other, net | 1,171 | (616) | 734 |
| Net cash used in investing activities | (30,043) | (15,856) | (14,833) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 6,667 | 30,967 | 49,166 |
| Repayments of long-term borrowings and capital lease obligations | (9,340) | (17,669) | (8,163) |
| Decrease in short-term obligations, excluding current maturities | (344) | (475) | (142) |
| Dividends paid | (8,538) | (7,803) | (5,936) |
| Proceeds from sale of common stock | 40 | 34 | 85 |
| Purchase of common stock for treasury | (5,134) | (153) | |
| Special distribution to noncontrolling interest | (3,150) | ||
| Acquisition of noncontrolling interest | (58,886) | ||
| Other, net | 1,634 | (3,873) | (5,257) |
| Net cash provided by (used in) financing activities | (15,015) | (57,705) | 26,450 |
| Increase (decrease) in cash and cash equivalents | (6,128) | (42,930) | 50,435 |
| Cash and cash equivalents, beginning of period | 10,598 | 53,528 | |
| Cash and cash equivalents, end of period | 4,470 | 10,598 | 53,528 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2015 | |
| 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 |