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: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 19,788 | 16,039 | 30,550 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16,682 | 17,403 | 16,954 |
| Employee retirement benefits | (284) | (2,657) | 440 |
| Deferred income taxes | 1,232 | 389 | (14,463) |
| Provision for uncollectible accounts | 1,588 | 980 | 1,167 |
| Equity in losses of unconsolidated businesses, net of dividends received | 74 | 231 | 117 |
| Net loss (gain) on sale of divested businesses | 94 | 0 | (1,774) |
| Media goodwill impairment | 186 | 4,591 | 0 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses: | |||
| Accounts receivable | (1,471) | (2,667) | (5,674) |
| Inventories | (76) | (324) | 168 |
| Prepaid expenses and other | (2,807) | 37 | 27 |
| Accounts payable and accrued liabilities and Other current liabilities | (2,359) | 1,777 | (459) |
| Discretionary employee benefits contributions | (300) | (1,679) | (3,411) |
| Other, net | 3,399 | 219 | 676 |
| Net cash provided by operating activities | 35,746 | 34,339 | 24,318 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (17,939) | (16,658) | (17,247) |
| Acquisitions of businesses, net of cash acquired | (29) | (230) | (5,880) |
| Acquisitions of wireless licenses | (898) | (1,429) | (583) |
| Proceeds from dispositions of businesses | 28 | 0 | 3,614 |
| Other, net | 1,257 | 383 | 1,640 |
| Net cash used in investing activities | (17,581) | (17,934) | (18,456) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 10,079 | 5,967 | 27,707 |
| Proceeds from asset-backed long-term borrowings | 8,576 | 4,810 | 4,290 |
| Repayments of long-term borrowings and finance lease obligations | (17,584) | (10,923) | (23,837) |
| Repayments of asset-backed long-term borrowings | (6,302) | (3,635) | (400) |
| Dividends paid | (10,016) | (9,772) | (9,472) |
| Other, net | (2,917) | (1,824) | (4,439) |
| Net cash used in financing activities | (18,164) | (15,377) | (6,151) |
| Increase (decrease) in cash, cash equivalents and restricted cash | 1 | 1,028 | (289) |
| Cash, cash equivalents and restricted cash, beginning of period | 3,916 | 2,888 | |
| Cash, cash equivalents and restricted cash, end of period | 3,917 | 3,916 | 2,888 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2019 | |
| 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 |