For the year ending 2025-12-31, VZ had $14,864M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 17,608 | 17,949 | 12,095 | 21,748 |
| Depreciation and amortization expense | 18,349 | 17,892 | 17,624 | 17,099 |
| Employee retirement benefits | 1,025 | -52 | 1,206 | -2,046 |
| Deferred income taxes | 2,340 | 815 | 2,388 | 2,973 |
| Provision for expected credit losses | 2,349 | 2,338 | 2,214 | 1,611 |
| Equity in losses of unconsolidated businesses, inclusive of dividends received | -42 | -75 | -84 | 10 |
| Verizon business group goodwill impairment | 0 | 0 | 5,841 | - |
| Accounts receivable | 2,513 | 2,565 | 2,198 | 1,978 |
| Inventories | 232 | 196 | -287 | -627 |
| Prepaid expenses and other | 1,394 | 626 | 435 | -928 |
| Accounts payable and accrued liabilities and other current liabilities | 1,819 | 1,109 | 2,079 | -33 |
| Collateral receipts (payments) related to derivative contracts, net | - | 712 | -880 | 2,265 |
| Other, net | -2,256 | 173 | -3,710 | -3,778 |
| Proceeds from disposition of business | - | 0 | 0 | 33 |
| Net cash provided by operating activities | 37,137 | 36,912 | 37,475 | 37,141 |
| Capital expenditures (including capitalized software) | 17,011 | 17,090 | 18,767 | 23,087 |
| Cash paid related to acquisitions of businesses, net of cash acquired | 0 | 0 | 30 | -248 |
| Acquisitions of wireless licenses | 450 | 900 | 5,796 | 3,653 |
| Other, net | -801 | -28 | -281 | -62 |
| Net cash used in investing activities | -16,660 | -18,674 | -23,432 | -28,662 |
| Net proceeds from (repayments of) short-term commercial paper | - | 0 | -150 | 106 |
| Proceeds from long-term borrowings | 18,268 | 3,146 | 2,018 | 7,074 |
| Proceeds from asset-backed long-term borrowings | 9,338 | 12,422 | 6,594 | 10,732 |
| Repayments of long-term borrowings and finance lease obligations | 11,352 | 11,854 | 6,181 | 8,616 |
| Repayments of asset-backed long-term borrowings | 8,437 | 8,490 | 4,443 | 4,948 |
| Dividends paid | 11,481 | 11,249 | 11,025 | 10,805 |
| Other, net | -1,949 | -1,075 | -1,470 | -2,072 |
| Net cash used in financing activities | -5,613 | -17,100 | -14,657 | -8,529 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 14,864 | 1,138 | -614 | -50 |
| Cash and cash equivalents at beginning of period | 4,635 | 3,497 | 4,111 | - |
| Cash and cash equivalents at end of period | 19,499 | 4,635 | 3,497 | - |
VERIZON COMMUNICATIONS INC (VZ)
VERIZON COMMUNICATIONS INC (VZ)