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: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 18,348 | 19,788 | 16,039 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16,720 | 16,682 | 17,403 |
| Employee retirement benefits | 840 | (284) | (2,657) |
| Deferred income taxes | 1,553 | 1,232 | 389 |
| Provision for expected credit losses | 1,380 | 1,588 | 980 |
| Equity in losses of unconsolidated businesses, net of dividends received | 91 | 74 | 231 |
| Media goodwill impairment | 0 | 186 | 4,591 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses: | |||
| Accounts receivable | 189 | (1,471) | (2,667) |
| Inventories | (369) | (76) | (324) |
| Prepaid expenses and other | 1,202 | (2,807) | 37 |
| Accounts payable and accrued liabilities and Other current liabilities | (966) | (2,359) | 1,777 |
| Discretionary employee benefits contributions | 0 | (300) | (1,679) |
| Other, net | 2,780 | 3,493 | 219 |
| Net cash provided by operating activities | 41,768 | 35,746 | 34,339 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (18,192) | (17,939) | (16,658) |
| Acquisitions of businesses, net of cash acquired | (520) | (29) | (230) |
| Acquisitions of wireless licenses | (2,126) | (898) | (1,429) |
| Proceeds from dispositions of businesses | 0 | 28 | 0 |
| Other, net | (2,674) | 1,257 | 383 |
| Net cash used in investing activities | (23,512) | (17,581) | (17,934) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 25,822 | 10,079 | 5,967 |
| Proceeds from asset-backed long-term borrowings | 5,635 | 8,576 | 4,810 |
| Repayments Of Long Term Borrowings And Finance Lease Obligations | (9,775) | (17,584) | (10,923) |
| Repayments of asset-backed long-term borrowings | (7,413) | (6,302) | (3,635) |
| Dividends paid | (10,232) | (10,016) | (9,772) |
| Other, net | (2,712) | (2,917) | (1,824) |
| Net cash provided by (used in) financing activities | 1,325 | (18,164) | (15,377) |
| Increase in cash, cash equivalents and restricted cash | 19,581 | 1 | 1,028 |
| Cash, cash equivalents and restricted cash, beginning of period | 3,917 | 3,916 | |
| Cash, cash equivalents and restricted cash, end of period | 23,498 | 3,917 | 3,916 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2020 | |
| 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 |