Verizon Communications Inc. (VZ)
NYSE: VZ · Real-Time Price · USD
46.97
-0.02 (-0.04%)
Aug 7, 2026, 3:43 PM EDT - Market open
Verizon 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 | Jun '26 Jun 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 | 16,599 | 17,608 | 17,949 | 12,095 | 21,748 | 22,618 |
Depreciation & Amortization | 19,037 | 18,349 | 17,892 | 17,624 | 17,099 | 16,206 |
Other Adjustments | 5,583 | 3,500 | 3,349 | 8,023 | -1,250 | 1,605 |
Change in Receivables | - | -2,513 | -2,565 | -2,198 | -1,978 | -1,592 |
Changes in Inventories | - | -232 | -196 | 287 | 627 | -905 |
Changes in Accounts Payable | - | 1,819 | 1,109 | 2,079 | -33 | 1,457 |
Changes in Other Operating Activities | -4,154 | -1,394 | -626 | -435 | 928 | 150 |
Operating Cash Flow | 38,799 | 37,137 | 36,912 | 37,475 | 37,141 | 39,539 |
Operating Cash Flow Growth | 4.58% | 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 | Jun '26 Jun 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 | -17,268 | -17,011 | -17,090 | -18,767 | -23,087 | -20,286 |
Purchases of Intangible Assets | -1,371 | -450 | -900 | -5,796 | -3,653 | -47,596 |
Cash Acquisitions | -9,480 | - | - | -30 | 248 | -4,065 |
Proceeds from Business Divestments | - | - | - | - | 33 | 4,122 |
Other Investing Activities | 149 | 801 | -684 | 1,161 | -2,203 | 672 |
Investing Cash Flow | -27,970 | -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 | Jun '26 Jun 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 | - |
Net Short-Term Debt Issued (Repaid) | - | - | - | - | 106 | - |
Long-Term Debt Issued | 42,936 | 27,606 | 15,568 | 8,612 | 17,806 | 41,417 |
Long-Term Debt Repaid | -38,085 | -19,789 | -20,344 | -10,624 | -13,564 | -18,863 |
Net Long-Term Debt Issued (Repaid) | 4,851 | 7,817 | -4,776 | -2,012 | 4,242 | 22,554 |
Repurchase of Common Stock | -3,500 | - | - | - | - | - |
Net Common Stock Issued (Repurchased) | -3,500 | - | - | - | - | - |
Common Dividends Paid | -11,633 | -11,481 | -11,249 | -11,025 | -10,805 | -10,445 |
Other Financing Activities | -2,174 | -1,949 | -1,075 | -1,620 | -2,072 | -3,832 |
Financing Cash Flow | -12,456 | -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 | Jun '26 Jun 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 | -1,627 | 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 | Jun '26 Jun 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 | 21,531 | 20,126 | 19,822 | 18,708 | 14,054 | 19,253 |
Free Cash Flow Growth | 6.97% | 1.53% | 5.96% | 33.12% | -27.00% | -18.34% |
FCF Margin | 15.50% | 14.56% | 14.71% | 13.96% | 10.27% | 14.41% |
Free Cash Flow Per Share | 5.11 | 4.76 | 4.69 | 4.44 | 3.34 | 4.64 |
Levered Free Cash Flow | 18,638 | 26,522 | 13,819 | 10,390 | 21,138 | 41,241 |
Unlevered Free Cash Flow | 19,491 | 24,255 | 23,496 | 17,077 | 18,971 | 21,568 |