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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 30,550 | 13,608 | 18,375 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16,954 | 15,928 | 16,017 |
| Employee retirement benefits | 440 | 2,705 | (1,747) |
| Deferred income taxes | (14,463) | (1,063) | 3,516 |
| Provision for uncollectible accounts | 1,167 | 1,420 | 1,610 |
| Equity in losses of unconsolidated businesses, net of dividends received | 117 | 138 | 127 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses | |||
| Accounts receivable | (5,436) | (5,067) | (945) |
| Inventories | 168 | 61 | (99) |
| Other assets | 656 | 449 | 942 |
| Accounts payable and accrued liabilities | (335) | (1,079) | 2,545 |
| Discretionary contribution to qualified pension plans | (3,411) | (186) | 0 |
| Net gain on sale of divested businesses | (1,774) | (1,007) | 0 |
| Other, net | 672 | (3,097) | (1,314) |
| Net cash provided by operating activities | 25,305 | 22,810 | 39,027 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (17,247) | (17,059) | (17,775) |
| Acquisitions of businesses, net of cash acquired | (5,928) | (3,765) | (3,545) |
| Acquisitions of wireless licenses | (583) | (534) | (9,942) |
| Proceeds from dispositions of businesses | 3,614 | 9,882 | 48 |
| Other, net | 772 | 493 | 1,171 |
| Net cash used in investing activities | (19,372) | (10,983) | (30,043) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 27,707 | 12,964 | 6,667 |
| Proceeds from asset-backed long-term borrowings | 4,290 | 4,986 | 0 |
| Repayments of long-term borrowings and capital lease obligations | (23,837) | (19,159) | (9,340) |
| Repayments of asset-backed long-term borrowings | (400) | 0 | 0 |
| Decrease in short-term obligations, excluding current maturities | (170) | (149) | (344) |
| Dividends paid | (9,472) | (9,262) | (8,538) |
| Purchase of common stock for treasury | 0 | 0 | (5,134) |
| Other, net | (4,852) | (2,797) | 1,577 |
| Net cash used in financing activities | (6,734) | (13,417) | (15,112) |
| Decrease in cash and cash equivalents | (801) | (1,590) | (6,128) |
| Cash and cash equivalents, beginning of period | 2,880 | 4,470 | |
| Cash and cash equivalents, end of period | 2,079 | 2,880 | 4,470 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2017 | |
| 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 |