Verizon Communications Inc. (TSX:VZ)
Canada · Delayed Price · Currency is CAD 18.03
-0.63 (-3.38%)
Oct 26, 2026, 3:51 PM EDT
Verizon Communications Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 16,420 | 17,174 | 17,506 | 11,614 | 21,256 | 22,065 |
Depreciation & Amortization | 19,514 | 18,349 | 17,892 | 17,624 | 17,099 | 16,206 |
Asset Writedown & Restructuring Costs | - | - | - | 5,841 | - | - |
Loss (Gain) on Equity Investments | -26 | 42 | 75 | 84 | -10 | 36 |
Provision & Write-off of Bad Debts | 2,239 | 2,349 | 2,338 | 2,214 | 1,611 | 789 |
Other Operating Activities | 2,607 | 1,543 | 1,379 | 365 | -2,359 | 1,333 |
Change in Accounts Receivable | -2,513 | -2,513 | -2,565 | -2,198 | -1,978 | -1,592 |
Change in Inventory | -232 | -232 | -196 | 287 | 627 | -905 |
Change in Accounts Payable | 1,819 | 1,819 | 1,109 | 2,079 | -33 | 1,457 |
Change in Other Net Operating Assets | -778 | -1,394 | -626 | -435 | 928 | 150 |
Operating Cash Flow | 39,050 | 37,137 | 36,912 | 37,475 | 37,141 | 39,539 |
Operating Cash Flow Growth | 1.55% | 0.61% | -1.50% | 0.90% | -6.07% | -5.34% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -16,674 | -17,011 | -17,090 | -18,767 | -23,087 | -20,286 |
Cash Acquisitions | -9,480 | - | - | -30 | 248 | -4,065 |
Divestitures | - | - | - | - | 33 | 4,122 |
Sale (Purchase) of Intangibles | -4,494 | -450 | -900 | -5,796 | -3,653 | -47,596 |
Other Investing Activities | 197 | 801 | -684 | 1,161 | -2,203 | 672 |
Investing Cash Flow | -30,451 | -16,660 | -18,674 | -23,432 | -28,662 | -67,153 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | - | 106 | - |
Long-Term Debt Issued | - | 27,606 | 15,568 | 8,612 | 17,806 | 41,417 |
Total Debt Issued | 43,745 | 27,606 | 15,568 | 8,612 | 17,912 | 41,417 |
Long-Term Debt Repaid | - | -19,789 | -20,344 | -10,624 | -13,564 | -18,863 |
Total Debt Repaid | -37,457 | -19,789 | -20,344 | -10,624 | -13,564 | -18,863 |
Net Debt Issued (Repaid) | 6,288 | 7,817 | -4,776 | -2,012 | 4,348 | 22,554 |
Repurchase of Common Stock | -4,000 | - | - | - | - | - |
Common Dividends Paid | -11,716 | -11,481 | -11,249 | -11,025 | -10,805 | -10,445 |
Other Financing Activities | -2,263 | -1,949 | -1,075 | -1,620 | -2,072 | -3,832 |
Financing Cash Flow | -11,691 | -5,613 | -17,100 | -14,657 | -8,529 | 8,277 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | -3,092 | 14,864 | 1,138 | -614 | -50 | -19,337 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 22,376 | 20,126 | 19,822 | 18,708 | 14,054 | 19,253 |
Free Cash Flow Growth | 5.94% | 1.53% | 5.96% | 33.12% | -27.00% | -18.34% |
Free Cash Flow Margin | 16.05% | 14.56% | 14.71% | 13.96% | 10.27% | 14.41% |
Free Cash Flow Per Share | 5.33 | 4.76 | 4.69 | 4.44 | 3.34 | 4.64 |
Levered Free Cash Flow | 17,979 | 17,241 | 16,012 | 9,421 | 6,810 | -25,814 |
Unlevered Free Cash Flow | 22,750 | 21,425 | 20,168 | 12,873 | 9,068 | -23,635 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 5,772 | 5,772 | 5,505 | 4,384 | 3,316 | 3,435 |
Cash Income Tax Paid | 3,581 | 3,581 | 5,632 | 2,343 | 2,736 | 3,040 |
Change in Working Capital | -1,704 | -2,320 | -2,278 | -267 | -456 | -890 |