Verizon Communications Inc. (VZ) FY2025 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-07-01 to 2025-09-30

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Verizon Communications Inc. cash flow reconciliation, Jul 1, 2025 through Sep 30, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Net Income → Net cash from operating activities: $5,056,000,000.00Depreciation and amortization expense → Operating adjustments reconciliation: $4,618,000,000.00Deferred income taxes → Operating adjustments reconciliation: $1,714,000,000.00Provision for expected credit losses → Operating adjustments reconciliation: $478,000,000.00Employee retirement benefits → Operating adjustments reconciliation: $113,000,000.00Equity in losses of unconsolidated businesses, inclusive of dividends received → Operating adjustments reconciliation: $12,000,000.00Other, net → Operating adjustments reconciliation: $11,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $6,210,000,000.00Operating adjustments reconciliation → Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses: $736,000,000.00Net cash used in investing activities → investing reconciliation: $4,490,000,000.00investing reconciliation → Capital expenditures (including capitalized software): $4,310,000,000.00investing reconciliation → Acquisitions of wireless licenses: $106,000,000.00investing reconciliation → Other, net: $74,000,000.00Net cash used in financing activities → financing reconciliation: $2,551,000,000.00Proceeds from asset-backed long-term borrowings → financing reconciliation: $2,378,000,000.00Proceeds from long-term borrowings → financing reconciliation: $2,276,000,000.00financing reconciliation → Dividends paid: $2,857,000,000.00financing reconciliation → Repayments of long-term borrowings and finance lease obligations: $1,999,000,000.00financing reconciliation → Repayments of asset-backed long-term borrowings: $1,925,000,000.00financing reconciliation → Other, net: $424,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $3,931,000,000.00Net cash from operating activities → Cash sources and uses: $11,266,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $8,156,000,000.00Cash sources and uses → Net cash used in investing activities: $4,490,000,000.00Cash sources and uses → Net cash used in financing activities: $2,551,000,000.00Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses: -$736,000,000.00Operating capital changes−$736.00 MEquity in losses of unconsolidated businesses, inclusive of dividends received: $12,000,000.00Equity-method income, net+$12.00 MDepreciation and amortization expense: $4,618,000,000.00Depreciation & amortization+$4.62 BProvision for expected credit losses: $478,000,000.00Credit loss provision+$478.00 MEmployee retirement benefits: $113,000,000.00Noncash employee benefits+$113.00 MOther, net: $11,000,000.00Other operating, net+$11.00 MNet Income: $5,056,000,000.00Net Income+$5.06 BDeferred income taxes: $1,714,000,000.00Deferred income taxes+$1.71 BNet cash from operating activities: $11,266,000,000.00Operating cash+$11.27 BOperating adjustments reconciliation: $6,946,000,000.00Proceeds from asset-backed long-term borrowings: $2,378,000,000.00Secured debt issued+$2.38 BRepayments of long-term borrowings and finance lease obligations: -$1,999,000,000.00Long-term debt & leases repaid−$2.00 BDividends paid: -$2,857,000,000.00Dividends paid−$2.86 BOther, net: -$424,000,000.00Other financing, net−$424.00 MRepayments of asset-backed long-term borrowings: -$1,925,000,000.00Secured debt repaid−$1.93 BProceeds from long-term borrowings: $2,276,000,000.00Long-term debt issued, ex. ABS+$2.28 BNet cash used in financing activities: -$2,551,000,000.00. Cash required to fund net payments.Financing cash−$2.55 Bfinancing reconciliation: $7,205,000,000.00Other, net: -$74,000,000.00Other investing, net−$74.00 MCapital expenditures (including capitalized software): -$4,310,000,000.00Other capital spending−$4.31 BAcquisitions of wireless licenses: -$106,000,000.00Intangible asset purchases−$106.00 MNet cash used in investing activities: -$4,490,000,000.00. Cash required to fund net payments.Investing cash−$4.49 Binvesting reconciliation: $4,490,000,000.00Cash sources and uses: $15,197,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $3,931,000,000.00Beginning cash$3.93 BEnding cash: Cash, cash equivalents, and restricted cash: $8,156,000,000.00Ending cash$8.16 BCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flowNot availableCash flow / Net income2.23×Operating cash flow ÷ net incomeNet cash change+$4.23 BEnding cash − beginning cash
Chart details

Verizon Communications Inc. cash flow reconciliation, Jul 1, 2025 through Sep 30, 2025

Cash flows for Jul 1, 2025 through Sep 30, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2025. Ending cash: Sep 30, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2025
3,931,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
11,266,000,000 US dollars. Net cash provided.
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses
negative 736,000,000 US dollars
Equity in losses of unconsolidated businesses, inclusive of dividends received
12,000,000 US dollars
Depreciation and amortization expense
4,618,000,000 US dollars
Provision for expected credit losses
478,000,000 US dollars
Employee retirement benefits
113,000,000 US dollars
Other, net
11,000,000 US dollars
Net Income
5,056,000,000 US dollars
Deferred income taxes
1,714,000,000 US dollars
Investing activities
negative 4,490,000,000 US dollars. Net cash used.
Other, net
negative 74,000,000 US dollars
Capital expenditures (including capitalized software)
negative 4,310,000,000 US dollars
Acquisitions of wireless licenses
negative 106,000,000 US dollars
Financing activities
negative 2,551,000,000 US dollars. Net cash used.
Proceeds from asset-backed long-term borrowings
2,378,000,000 US dollars
Repayments of long-term borrowings and finance lease obligations
negative 1,999,000,000 US dollars
Dividends paid
negative 2,857,000,000 US dollars
Other, net
negative 424,000,000 US dollars
Repayments of asset-backed long-term borrowings
negative 1,925,000,000 US dollars
Proceeds from long-term borrowings
2,276,000,000 US dollars
Operating adjustment reconciliation
6,946,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
7,205,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
4,490,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Sep 30, 2025
8,156,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
15,197,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
4,225,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.23×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $6.21B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
Verizon Communications Inc. (VZ) FY2025 Q3 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

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