10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
VERIZON COMMUNICATIONS INC | |||
Ticker: VZ Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 15, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 16,039 | 30,550 | 13,608 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 17,403 | 16,954 | 15,928 |
| Employee retirement benefits | (2,657) | 440 | 2,705 |
| Deferred income taxes | 389 | (14,463) | (1,063) |
| Provision for uncollectible accounts | 980 | 1,167 | 1,420 |
| Equity in losses of unconsolidated businesses, net of dividends received | 231 | 117 | 138 |
| Net gain on sale of divested businesses | 0 | (1,774) | (1,007) |
| Oath goodwill impairment | 4,591 | 0 | 0 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses: | |||
| Accounts receivable | (2,667) | (5,674) | (5,067) |
| Inventories | (324) | 168 | 61 |
| Prepaid expenses and other | 37 | 27 | (660) |
| Accounts payable and accrued liabilities and Other current liabilities | 1,777 | (459) | (1,089) |
| Discretionary employee benefits contributions | (1,679) | (3,411) | (186) |
| Other, net | 219 | 676 | (3,099) |
| Net cash provided by operating activities | 34,339 | 24,318 | 21,689 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (16,658) | (17,247) | (17,059) |
| Acquisitions of businesses, net of cash acquired | (230) | (5,880) | (3,765) |
| Acquisitions of wireless licenses | (1,429) | (583) | (534) |
| Proceeds from dispositions of businesses | 0 | 3,614 | 9,882 |
| Other, net | 383 | 1,640 | 1,602 |
| Net cash used in investing activities | (17,934) | (18,456) | (9,874) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 5,967 | 27,707 | 12,964 |
| Proceeds from asset-backed long-term borrowings | 4,810 | 4,290 | 4,986 |
| Repayments of long-term borrowings and capital lease obligations | (10,923) | (23,837) | (19,159) |
| Repayments of asset-backed long-term borrowings | (3,635) | (400) | 0 |
| Dividends paid | (9,772) | (9,472) | (9,262) |
| Other, net | (1,824) | (4,439) | (2,905) |
| Net cash used in financing activities | (15,377) | (6,151) | (13,376) |
| Increase (decrease) in cash, cash equivalents and restricted cash | 1,028 | (289) | (1,561) |
| Cash, cash equivalents and restricted cash, beginning of period | 2,888 | 3,177 | |
| Cash, cash equivalents and restricted cash, end of period (Note 1) | 3,916 | 2,888 | 3,177 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2018 | |
| 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 |