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: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 21, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 13,608 | 18,375 | 11,956 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 15,928 | 16,017 | 16,533 |
| Employee retirement benefits | 2,705 | (1,747) | 8,130 |
| Deferred income taxes | (1,063) | 3,516 | (92) |
| Provision for uncollectible accounts | 1,420 | 1,610 | 1,095 |
| Equity in losses (earnings) of unconsolidated businesses, net of dividends received | 138 | 127 | (1,743) |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses | |||
| Accounts receivable | (5,067) | (945) | (2,745) |
| Inventories | 61 | (99) | (132) |
| Other assets | 449 | 942 | (695) |
| Accounts payable and accrued liabilities | (1,079) | 2,545 | 1,412 |
| Other, net | (4,385) | (1,411) | (3,088) |
| Net cash provided by operating activities | 22,715 | 38,930 | 30,631 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (17,059) | (17,775) | (17,191) |
| Acquisitions of businesses, net of cash acquired | (3,765) | (3,545) | (182) |
| Acquisitions of wireless licenses | (534) | (9,942) | (354) |
| Proceeds from dispositions of wireless licenses | 2,367 | ||
| Proceeds from dispositions of businesses | 9,882 | 48 | 120 |
| Other, net | 493 | 1,171 | (616) |
| Net cash used in investing activities | (10,983) | (30,043) | (15,856) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 12,964 | 6,667 | 30,967 |
| Proceeds from asset-backed long-term borrowings | 4,986 | ||
| Repayments of long-term borrowings and capital lease obligations | (19,159) | (9,340) | (17,669) |
| Decrease in short-term obligations, excluding current maturities | (149) | (344) | (475) |
| Dividends paid | (9,262) | (8,538) | (7,803) |
| Proceeds from sale of common stock | 3 | 40 | 34 |
| Purchase of common stock for treasury | (5,134) | ||
| Acquisition of noncontrolling interest | (58,886) | ||
| Other, net | (2,705) | 1,634 | (3,873) |
| Net cash used in financing activities | (13,322) | (15,015) | (57,705) |
| Decrease in cash and cash equivalents | (1,590) | (6,128) | (42,930) |
| Cash and cash equivalents, beginning of period | 4,470 | 10,598 | |
| Cash and cash equivalents, end of period | 2,880 | 4,470 | 10,598 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2016 | |
| 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 |