Verizon Communications Inc. (VZ) FY2026 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-03-31

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Verizon Communications Inc. cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026One 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: $5,146,000,000.00Depreciation and amortization expense → Operating adjustments reconciliation: $4,892,000,000.00Deferred income taxes → Operating adjustments reconciliation: $703,000,000.00Provision for expected credit losses → Operating adjustments reconciliation: $581,000,000.00Equity in losses of unconsolidated businesses, inclusive of dividends received → Operating adjustments reconciliation: $3,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $2,838,000,000.00Operating adjustments reconciliation → Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses: $3,082,000,000.00Operating adjustments reconciliation → Other, net: $142,000,000.00Operating adjustments reconciliation → Employee retirement benefits: $117,000,000.00Other, net → investing reconciliation: $191,000,000.00investing reconciliation → Cash paid related to acquisitions of businesses, net of cash acquired: $9,480,000,000.00investing reconciliation → Capital expenditures (including capitalized software): $4,201,000,000.00investing reconciliation → Acquisitions of wireless licenses: $83,000,000.00Net cash used in financing activities → financing reconciliation: $5,278,000,000.00Proceeds from asset-backed long-term borrowings → financing reconciliation: $6,154,000,000.00Proceeds from long-term borrowings → financing reconciliation: $5,975,000,000.00financing reconciliation → Repayments of asset-backed long-term borrowings: $6,828,000,000.00financing reconciliation → Repayments of long-term borrowings and finance lease obligations: $4,258,000,000.00financing reconciliation → Dividends paid: $2,910,000,000.00financing reconciliation → Purchase of common stock for treasury: $2,500,000,000.00financing reconciliation → Other, net: $911,000,000.00Net cash used in investing activities → investing reconciliation: $13,573,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $19,499,000,000.00Net cash from operating activities → Cash sources and uses: $7,984,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $8,632,000,000.00Cash sources and uses → Net cash used in investing activities: $13,573,000,000.00Cash sources and uses → Net cash used in financing activities: $5,278,000,000.00Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses: -$3,082,000,000.00Operating capital changes−$3.08 BEquity in losses of unconsolidated businesses, inclusive of dividends received: $3,000,000.00Equity-method income, net+$3.00 MDepreciation and amortization expense: $4,892,000,000.00Depreciation & amortization+$4.89 BProvision for expected credit losses: $581,000,000.00Credit loss provision+$581.00 MEmployee retirement benefits: -$117,000,000.00Noncash employee benefits−$117.00 MOther, net: -$142,000,000.00Other operating, net−$142.00 MNet Income: $5,146,000,000.00Net Income+$5.15 BDeferred income taxes: $703,000,000.00Deferred income taxes+$703.00 MNet cash from operating activities: $7,984,000,000.00Operating cash+$7.98 BOperating adjustments reconciliation: $6,179,000,000.00Proceeds from long-term borrowings: $5,975,000,000.00Long-term debt issued, ex. ABS+$5.98 BProceeds from asset-backed long-term borrowings: $6,154,000,000.00Secured debt issued+$6.15 BRepayments of long-term borrowings and finance lease obligations: -$4,258,000,000.00Long-term debt & leases repaid−$4.26 BRepayments of asset-backed long-term borrowings: -$6,828,000,000.00Secured debt repaid−$6.83 BDividends paid: -$2,910,000,000.00Dividends paid−$2.91 BPurchase of common stock for treasury: -$2,500,000,000.00Common stock repurchases−$2.50 BOther, net: -$911,000,000.00Other financing, net−$911.00 MNet cash used in financing activities: -$5,278,000,000.00. Cash required to fund net payments.Financing cash−$5.28 Bfinancing reconciliation: $17,407,000,000.00Other, net: $191,000,000.00Other investing, net+$191.00 MCapital expenditures (including capitalized software): -$4,201,000,000.00Other capital spending−$4.20 BAcquisitions of wireless licenses: -$83,000,000.00Intangible asset purchases−$83.00 MCash paid related to acquisitions of businesses, net of cash acquired: -$9,480,000,000.00Acquisitions, net of cash−$9.48 BNet cash used in investing activities: -$13,573,000,000.00. Cash required to fund net payments.Investing cash−$13.57 Binvesting reconciliation: $13,764,000,000.00Cash sources and uses: $27,483,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $19,499,000,000.00Beginning cash$19.50 BEnding cash: Cash, cash equivalents, and restricted cash: $8,632,000,000.00Ending cash$8.63 BCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flowNot availableCash flow / Net income1.55×Operating cash flow ÷ net incomeNet cash change−$10.87 BEnding cash − beginning cash
Chart details

Verizon Communications Inc. cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026

Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
19,499,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
7,984,000,000 US dollars. Net cash provided.
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses
negative 3,082,000,000 US dollars
Equity in losses of unconsolidated businesses, inclusive of dividends received
3,000,000 US dollars
Depreciation and amortization expense
4,892,000,000 US dollars
Provision for expected credit losses
581,000,000 US dollars
Employee retirement benefits
negative 117,000,000 US dollars
Other, net
negative 142,000,000 US dollars
Net Income
5,146,000,000 US dollars
Deferred income taxes
703,000,000 US dollars
Investing activities
negative 13,573,000,000 US dollars. Net cash used.
Other, net
191,000,000 US dollars
Capital expenditures (including capitalized software)
negative 4,201,000,000 US dollars
Acquisitions of wireless licenses
negative 83,000,000 US dollars
Cash paid related to acquisitions of businesses, net of cash acquired
negative 9,480,000,000 US dollars
Financing activities
negative 5,278,000,000 US dollars. Net cash used.
Proceeds from long-term borrowings
5,975,000,000 US dollars
Proceeds from asset-backed long-term borrowings
6,154,000,000 US dollars
Repayments of long-term borrowings and finance lease obligations
negative 4,258,000,000 US dollars
Repayments of asset-backed long-term borrowings
negative 6,828,000,000 US dollars
Dividends paid
negative 2,910,000,000 US dollars
Purchase of common stock for treasury
negative 2,500,000,000 US dollars
Other, net
negative 911,000,000 US dollars
Operating adjustment reconciliation
6,179,000,000 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
17,407,000,000 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
13,764,000,000 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 Mar 31, 2026
8,632,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
27,483,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 10,867,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.55×. 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 $2.84B 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) FY2026 Q1 Statement of Cash Flows Sankey chart
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