Verizon Communications Inc. (VZ) quarterly cash flow statement — complete operating, investing & financing history
Verizon Communications Inc. (VZ) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 10.44B | 7.98B | 9.11B | 11.27B | 8.97B | 7.78B | 10.43B | 9.91B | 9.48B | 7.08B | 8.68B | 10.78B | 9.73B | 8.29B | 8.94B | 10.53B | 10.84B | 6.82B | 8.38B | 10.72B |
| Operating CF Growth % | 16.27% | 2.6% | -12.63% | 13.67% | -5.38% | 9.85% | 20.23% | -8.04% | -2.53% | -14.54% | -2.96% | 2.32% | -10.26% | 21.52% | 6.74% | -1.77% | 0.93% | -29.64% | -9.89% | 20.22% |
| Operating CF / Revenue % | 30.46% | 23.18% | 25.05% | 33.31% | 26.01% | 23.24% | 29.24% | 29.74% | 28.92% | 21.48% | 24.7% | 32.33% | 29.85% | 25.19% | 25.37% | 30.76% | 32.09% | 20.33% | 24.59% | 32.58% |
| Net Income | 3.83B | 5.04B | 2.34B | 5.06B | 5.12B | 4.98B | 5.11B | 3.41B | 4.7B | 4.72B | -2.57B | 4.76B | 4.77B | 5.02B | 6.7B | 5.02B | 5.32B | 4.71B | 4.74B | 6.55B |
| Depreciation & Amortization | 5.01B | 4.89B | 4.52B | 4.62B | 4.63B | 4.58B | 4.51B | 4.46B | 4.48B | 4.45B | 4.52B | 4.43B | 4.36B | 4.32B | 4.22B | 4.32B | 4.32B | 4.24B | 4.05B | 3.96B |
| Deferred Taxes | 730M | 703M | 531M | 1.71B | -37M | 132M | 568M | -35M | 141M | 141M | 1.57B | 189M | 302M | 331M | 1.38B | 81M | 887M | 627M | 1.29B | 992M |
| Other Non-Cash Items | 1.06B | 426M | -832M | 614M | -44M | 708M | -87M | 1.11B | 1.2B | 307M | 6.41B | -196M | 150M | -604M | -3.96B | -396M | -1.21B | 739M | -212M | -1.3B |
| Working Capital Changes | -194M | -3.08B | 2.55B | -736M | -700M | -2.62B | 331M | 963M | -1.04B | -2.53B | -1.24B | 1.59B | 154M | -774M | 2M | 1.5B | 1.53B | -3.49B | -1.49B | 521M |
| Capital Expenditures | -4.01B | -13.57B | -4.75B | -4.42B | -3.92B | -4.27B | -5.2B | -4.1B | -3.86B | -4.83B | -7.82B | -4.09B | -4.11B | -5.96B | -8.04B | -5.93B | -5.11B | -7.66B | -6.99B | -6.89B |
| CapEx / Revenue % | 14.83% | 39.41% | 13.35% | 13.06% | 11.36% | 12.74% | 14.58% | 12.31% | 11.77% | 14.63% | 22.27% | 12.28% | 12.62% | 18.1% | 22.81% | 17.33% | 15.11% | 22.83% | 20.53% | 20.94% |
| CapEx / D&A | 1.01x | 2.77x | 1.08x | 0.96x | 0.85x | 0.93x | 1.15x | 0.92x | 0.86x | 1.09x | 1.73x | 0.92x | 0.94x | 1.38x | 1.91x | 1.37x | 1.18x | 1.81x | 1.73x | 1.74x |
| CapEx Coverage (OCF/CapEx) | 2.05x | 0.59x | 1.88x | 2.55x | 2.29x | 1.82x | 2.00x | 2.42x | 2.46x | 1.47x | 1.11x | 2.63x | 2.37x | 1.39x | 1.11x | 1.77x | 2.12x | 0.89x | 1.20x | 1.56x |
| Cash from Investing | -4.93B | -13.57B | -4.98B | -4.49B | -3.44B | -3.75B | -5.56B | -4B | -3.87B | -5.25B | -7.82B | -5.41B | -4.09B | -6.11B | -5.34B | -8.66B | -6.66B | -8B | -10.13B | -2.62B |
| Acquisitions | 0 | -9.48B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30M | 0 | 0 | 0 | 0 | 34M | 247M | 0 | -3.61B | 4.12B |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.59B | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 154M | 191M | -122M | -74M | 482M | 515M | -358M | 100M | -6M | -420M | -3.19B | -1.31B | 22M | -152M | 105M | -2.76B | -1.8B | -336M | 465M | 156M |
| Cash from Financing | -11.84B | -5.28B | 7.21B | -2.55B | -4.38B | -5.89B | -5.62B | -4.42B | -5.63B | -1.43B | -3.02B | -6.05B | -3.2B | -2.38B | -3.08B | -1.62B | -4.08B | 245M | -5.19B | -3.08B |
| Dividends Paid | -2.95B | -2.91B | -2.91B | -2.86B | -2.86B | -2.86B | -2.85B | -2.8B | -2.8B | -2.8B | -2.79B | -2.74B | -2.74B | -2.74B | -2.74B | -2.69B | -2.72B | -2.65B | -2.65B | -2.6B |
| Dividend Payout Ratio % | 77.03% | 57.68% | 124.34% | 57.72% | 57.09% | 58.54% | 56.94% | 84.72% | 61.01% | 60.76% | - | 57.62% | 59.01% | 55.9% | 41.65% | 54.86% | 52.39% | 57.95% | 57.4% | 40.56% |
| Debt Issuance (Net) | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -1B | -2.5B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -469M | -911M | -370M | -424M | -372M | -783M | 593M | -378M | -607M | -683M | -369M | -944M | -174M | 17M | -1.27B | -1.21B | 246M | 165M | -1.71B | -281M |
| Net Change in Cash | -6.71B | -10.98B | 11.04B | 4.22B | 1.16B | -1.86B | -752M | 1.49B | -14M | 411M | -2.16B | -685M | 2.44B | -204M | 524M | 254M | 101M | -929M | -6.95B | 5.03B |
| Exchange Rate Effect | -383M | -112M | -304M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 8.46B | 19.34B | 8.01B | 3.93B | 2.77B | 4.63B | 5.39B | 3.89B | 3.91B | 3.5B | 5.66B | 6.34B | 3.91B | 4.11B | 3.59B | 3.33B | 3.23B | 4.16B | 11.11B | 6.08B |
| Cash at End | 1.75B | 8.37B | 19.05B | 8.16B | 3.93B | 2.77B | 4.63B | 5.39B | 3.89B | 3.91B | 3.5B | 5.66B | 6.34B | 3.91B | 4.11B | 3.59B | 3.33B | 3.23B | 4.16B | 11.11B |
| Free Cash Flow | 6.43B | -5.59B | 4.37B | 6.85B | 5.05B | 3.52B | 5.23B | 5.81B | 5.63B | 2.26B | 853M | 6.68B | 5.62B | 2.33B | 903M | 4.6B | 5.74B | -838M | 1.38B | 3.83B |
| FCF Growth % | 27.12% | -259% | -16.5% | 17.94% | -10.15% | 55.6% | 513.01% | -13.11% | 0.12% | -3.09% | -5.54% | 45.34% | -2.06% | 378.16% | -34.71% | 20.08% | -4.81% | 97.88% | -73.06% | -13.27% |
| FCF Margin % | 18.76% | -16.23% | 12% | 20.25% | 14.65% | 10.5% | 14.65% | 17.43% | 17.15% | 6.85% | 2.43% | 20.05% | 17.24% | 7.08% | 2.56% | 13.43% | 16.98% | -2.5% | 4.06% | 11.64% |
| FCF / Net Income % | 167.56% | -110.78% | 186.42% | 138.38% | 101.04% | 72.04% | 104.48% | 175.68% | 122.49% | 49.09% | -31.53% | 140.36% | 120.89% | 47.48% | 13.73% | 93.86% | 110.35% | -18.3% | 29.98% | 59.78% |