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: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 21,748 | 22,618 | 18,348 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 17,099 | 16,206 | 16,720 |
| Employee retirement benefits | (2,046) | (3,391) | 840 |
| Deferred income taxes | 2,973 | 4,264 | 1,553 |
| Provision for expected credit losses | 1,611 | 789 | 1,380 |
| Equity in losses (earnings) of unconsolidated businesses, net of dividends received | (10) | 36 | 91 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses: | |||
| Accounts receivable | (1,978) | (1,592) | 189 |
| Inventories | 627 | (905) | (369) |
| Prepaid expenses and other | 928 | 150 | 1,202 |
| Accounts payable and accrued liabilities and Other current liabilities | (33) | 1,457 | (966) |
| Other, net | (3,778) | (93) | 2,780 |
| Net cash provided by operating activities | 37,141 | 39,539 | 41,768 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (23,087) | (20,286) | (18,192) |
| Cash received (paid) related to acquisitions of businesses, net of cash acquired | 248 | (4,065) | (520) |
| Acquisitions of wireless licenses | (3,653) | (47,596) | (3,896) |
| Collateral payments related to derivative contracts, net of repayments | (2,265) | (21) | 0 |
| Proceeds from disposition of business | 33 | 4,122 | 0 |
| Other, net | 62 | 693 | (904) |
| Net cash used in investing activities | (28,662) | (67,153) | (23,512) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 7,074 | 33,034 | 25,822 |
| Proceeds from asset-backed long-term borrowings | 10,732 | 8,383 | 5,635 |
| Net proceeds from (repayments of) short-term commercial paper | 106 | 0 | (9) |
| Repayments of long-term borrowings and finance lease obligations | (8,616) | (14,063) | (9,775) |
| Repayments of asset-backed long-term borrowings | (4,948) | (4,800) | (7,413) |
| Dividends paid | (10,805) | (10,445) | (10,232) |
| Other, net | (2,072) | (3,832) | (2,703) |
| Net cash provided by (used in) financing activities | (8,529) | 8,277 | 1,325 |
| Increase (decrease) in cash, cash equivalents and restricted cash | (50) | (19,337) | 19,581 |
| Cash, cash equivalents and restricted cash, beginning of period | 4,161 | 23,498 | |
| Cash, cash equivalents and restricted cash, end of period | 4,111 | 4,161 | 23,498 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2022 | |
| 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 |