Verizon Communications Inc. (BCBA:VZ)

Verizon Communications Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	18,629	17,949	12,095	21,748	22,618	18,348
Depreciation & Amortization	18,176	17,892	17,624	17,099	16,206	16,720
Other Adjustments	2,319	3,349	8,023	-1,250	1,605	6,644
Change in Receivables	-	-2,565	-2,198	-1,978	-1,592	189
Changes in Inventories	-	-196	287	627	-905	-369
Changes in Accounts Payable	-	1,109	2,079	-33	1,457	-966
Changes in Other Operating Activities	254	-626	-435	928	150	1,202
Operating Cash Flow	37,100	36,912	37,475	37,141	39,539	41,768
Operating Cash Flow Growth	2.99%	-1.50%	0.90%	-6.07%	-5.34%	16.85%
Capital Expenditures	-16,972	-17,090	-18,767	-23,087	-20,286	-18,192
Purchases of Intangible Assets	-521	-900	-5,796	-3,653	-47,596	-3,896
Proceeds from Business Divestments	-	-	-	33	4,122	-
Other Investing Activities	1,451	-684	1,131	-1,955	-3,393	-1,424
Investing Cash Flow	-16,754	-18,674	-23,432	-28,662	-67,153	-23,512
Long-Term Debt Issued	13,256	15,568	8,612	17,806	41,417	31,457
Long-Term Debt Repaid	-20,659	-20,344	-10,624	-13,564	-18,863	-17,188
Net Long-Term Debt Issued (Repaid)	-7,403	-4,776	-2,012	4,242	22,554	14,269
Common Dividends Paid	-11,363	-11,249	-11,025	-10,805	-10,445	-10,232
Other Financing Activities	-1,543	-1,075	-1,620	-1,966	-3,832	-2,712
Financing Cash Flow	-20,309	-17,100	-14,657	-8,529	8,277	1,325
Net Cash Flow	37	1,138	-614	-50	-19,337	19,581
Beginning Cash & Cash Equivalents	3,894	3,497	4,111	4,161	23,498	3,917
Ending Cash & Cash Equivalents	3,931	4,635	3,497	4,111	4,161	23,498
Free Cash Flow	20,128	19,822	18,708	14,054	19,253	23,576
Free Cash Flow Growth	1.54%	5.96%	33.12%	-27.00%	-18.34%	32.40%
FCF Margin	14.69%	14.71%	13.96%	10.27%	14.41%	18.38%
Free Cash Flow Per Share	4.76	4.69	4.44	3.34	4.64	5.69
Levered Free Cash Flow	12,248	13,819	10,390	21,032	41,241	30,465
Unlevered Free Cash Flow	24,400	23,496	17,077	18,971	21,568	20,441

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.