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

- Company: Verizon Communications Inc. (VZ)
- Period: 2025-01-01 to 2025-09-30
- Filing: Q3 FY2025 10-Q, filed 2025-10-29, accession number 0000732712-25-000116
- Page: https://plicit.ai/financials/vz/fy2025-ytd-q3-cash-flow
- Chart image: https://plicit.ai/charts/vz-fy2025-ytd-q3-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2025 through Sep 30, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. 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 Dec 31, 2024**: 4,635,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 28,023,000,000 US dollars. Net cash provided.
- **Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses**: negative 4,054,000,000 US dollars
- **Equity in losses of unconsolidated businesses, inclusive of dividends received**: 41,000,000 US dollars
- **Depreciation and amortization expense**: 13,830,000,000 US dollars
- **Provision for expected credit losses**: 1,613,000,000 US dollars
- **Employee retirement benefits**: 444,000,000 US dollars
- **Other, net**: negative 820,000,000 US dollars
- **Net Income**: 15,160,000,000 US dollars
- **Deferred income taxes**: 1,809,000,000 US dollars
- **Investing activities**: negative 11,680,000,000 US dollars. Net cash used.
- **Other, net**: 923,000,000 US dollars
- **Capital expenditures (including capitalized software)**: negative 12,263,000,000 US dollars
- **Acquisitions of wireless licenses**: negative 340,000,000 US dollars
- **Financing activities**: negative 12,822,000,000 US dollars. Net cash used.
- **Proceeds from asset-backed long-term borrowings**: 7,340,000,000 US dollars
- **Repayments of long-term borrowings and finance lease obligations**: negative 7,529,000,000 US dollars
- **Dividends paid**: negative 8,569,000,000 US dollars
- **Other, net**: negative 1,579,000,000 US dollars
- **Repayments of asset-backed long-term borrowings**: negative 6,437,000,000 US dollars
- **Proceeds from long-term borrowings**: 3,952,000,000 US dollars
- **Operating adjustment reconciliation**: 17,737,000,000 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**: 24,114,000,000 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**: 12,603,000,000 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**: 32,658,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 3,521,000,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 1.85×. 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 $12.86B 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.