Verizon Communications Inc.
Cash Flow Statement
| Line Item | FY2009 | FY2008 | FY2007 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | $4.89B | $-2.19B | $5.52B |
| Depreciation & Amortization | $16.53B | $14.61B | $14.38B |
| Depreciation | $14.56B | $13.23B | — |
| Amortization | $1.97B | $1.38B | — |
| Stock-Based Compensation | $500.0M | $400.0M | — |
| Net Cash from Operating Activities | $31.39B | $27.45B | $26.84B |
| Investing Activities | |||
| Capital Expenditures | $16.87B | $17.13B | $17.54B |
| Business Acquisitions | — | — | — |
| Net Cash from Investing Activities | $-23.16B | $-31.47B | $-16.11B |
| Financing Activities | |||
| Dividends Paid | $5.27B | $4.99B | $4.77B |
| Stock Repurchases | $0 | $1.37B | $2.84B |
| Net Cash from Financing Activities | $-16.01B | $12.65B | $-12.80B |
| Net Change in Cash | $-7.77B | $8.63B | $-2.07B |
| Free Cash Flow | $14.52B | $10.32B | $9.30B |