Verizon Communications Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $17.17B | $17.51B | $11.61B | $21.26B | $22.07B | $17.80B | $19.27B | $15.53B |
| Depreciation & Amortization | $18.35B | $17.89B | $17.62B | $17.10B | $16.21B | $16.72B | $16.68B | $17.40B |
| Depreciation | $15.35B | $15.11B | $14.94B | $14.59B | $14.12B | $14.28B | $14.37B | $15.19B |
| Amortization | $3.00B | $2.78B | $2.69B | $2.51B | $2.09B | $2.45B | $2.31B | $2.22B |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $37.14B | $36.91B | $37.48B | $37.14B | $39.54B | $41.77B | $35.75B | $34.34B |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | $16.66B |
| Business Acquisitions | $0 | $0 | $30.0M | $-248.0M | $4.07B | $520.0M | $29.0M | $230.0M |
| Net Cash from Investing Activities | $-16.66B | $-18.67B | $-23.43B | $-28.66B | $-67.15B | $-23.51B | $-17.58B | $-17.93B |
| Financing Activities | ||||||||
| Dividends Paid | $11.48B | $11.25B | $11.03B | $10.81B | $10.45B | $10.23B | $10.02B | $9.77B |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-5.61B | $-17.10B | $-14.66B | $-8.53B | $8.28B | $1.33B | $-18.16B | $-15.38B |
| Net Change in Cash | $14.86B | $1.14B | $-614.0M | $-50.0M | $-19.34B | $19.58B | $-151.0M | $666.0M |
| Free Cash Flow | — | — | — | — | — | — | — | $17.68B |