| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 15,160 | 10,104 | 4,983 | 12,835 |
| Depreciation and amortization expense | 13,830 | 9,212 | 4,577 | 13,386 |
| Employee retirement benefits | 444 | 331 | 143 | 469 |
| Deferred income taxes | 1,809 | 95 | 132 | 247 |
| Provision for expected credit losses | 1,613 | 1,135 | 587 | 1,623 |
| Equity in losses of unconsolidated businesses, inclusive of dividends received | -41 | -29 | -20 | -62 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses | 4,054 | 3,318 | 2,618 | 2,609 |
| Other, net | -820 | -831 | -42 | 467 |
| Net cash provided by operating activities | 28,023 | 16,757 | 7,782 | 26,480 |
| Capital expenditures (including capitalized software) | 12,263 | 7,953 | 4,145 | 12,019 |
| Acquisitions of wireless licenses | 340 | 234 | 122 | 768 |
| Collateral receipts (payments) related to derivative contracts, net | - | - | - | 332 |
| Other, net | -923 | -997 | -515 | -6 |
| Net cash used in investing activities | -11,680 | -7,190 | -3,752 | -13,113 |
| Proceeds from long-term borrowings | 3,952 | 1,676 | 0 | 3,142 |
| Proceeds from asset-backed long-term borrowings | 7,340 | 4,962 | 2,781 | 8,229 |
| Net proceeds from short-term commercial paper | - | - | - | 0 |
| Repayments of long-term borrowings and finance lease obligations | 7,529 | 5,530 | 2,446 | 6,623 |
| Repayments of asset-backed long-term borrowings | 6,437 | 4,512 | 2,589 | 6,158 |
| Dividends paid | 8,569 | 5,712 | 2,856 | 8,399 |
| Other, net | -1,579 | -1,155 | -783 | -1,668 |
| Net cash used in financing activities | -12,822 | -10,271 | -5,893 | -11,477 |
| Increase in cash, cash equivalents and restricted cash | 3,521 | -704 | -1,863 | 1,890 |
| Cash and cash equivalents at beginning of period | 4,635 | 4,635 | 4,635 | 3,497 |
| Cash and cash equivalents at end of period | 8,156 | 3,931 | 2,772 | 5,387 |
VERIZON COMMUNICATIONS INC (VZ)
VERIZON COMMUNICATIONS INC (VZ)