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: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 22,618 | 18,348 | 19,788 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 16,206 | 16,720 | 16,682 |
| Employee retirement benefits | (3,391) | 840 | (284) |
| Deferred income taxes | 4,264 | 1,553 | 1,232 |
| Provision for expected credit losses | 789 | 1,380 | 1,588 |
| Equity in losses of unconsolidated businesses, net of dividends received | 36 | 91 | 74 |
| Media goodwill impairment | 0 | 0 | 186 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses: | |||
| Accounts receivable | (1,592) | 189 | (1,471) |
| Inventories | (905) | (369) | (76) |
| Prepaid expenses and other | 150 | 1,202 | (2,807) |
| Accounts payable and accrued liabilities and Other current liabilities | 1,457 | (966) | (2,359) |
| Discretionary employee benefits contributions | 0 | 0 | (300) |
| Other, net | (93) | 2,780 | 3,493 |
| Net cash provided by operating activities | 39,539 | 41,768 | 35,746 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (20,286) | (18,192) | (17,939) |
| Acquisitions of businesses, net of cash acquired | (4,065) | (520) | (29) |
| Acquisitions of wireless licenses | (47,596) | (3,896) | (898) |
| Proceeds from dispositions of businesses | 4,122 | 0 | 28 |
| Other, net | 672 | (904) | 1,257 |
| Net cash used in investing activities | (67,153) | (23,512) | (17,581) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 33,034 | 25,822 | 10,079 |
| Proceeds from asset-backed long-term borrowings | 8,383 | 5,635 | 8,576 |
| Repayments of long-term borrowings and finance lease obligations | (14,063) | (9,775) | (17,584) |
| Repayments of asset-backed long-term borrowings | (4,800) | (7,413) | (6,302) |
| Dividends paid | (10,445) | (10,232) | (10,016) |
| Other, net | (3,832) | (2,712) | (2,917) |
| Net cash provided by (used in) financing activities | 8,277 | 1,325 | (18,164) |
| Increase (decrease) in cash, cash equivalents and restricted cash | (19,337) | 19,581 | 1 |
| Cash, cash equivalents and restricted cash, beginning of period | 23,498 | 3,917 | |
| Cash, cash equivalents and restricted cash, end of period | 4,161 | 23,498 | 3,917 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2021 | |
| 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 |