Verizon Communications Cash Flow Statement
NYSE: VZTelecommunicationsTelecommunications EquipmentUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Verizon Communications free cash flow
In fiscal 2025, Verizon Communications generated $37.14 billion of operating cash flow. That left free cash flow of $37.14 billion, a free-cash-flow margin of 26.9% of revenue. Free cash flow was up 0.6% from the prior year's $36.91 billion.
Verizon Communications returned $11.48 billion to shareholders through dividends, equal to 31% of free cash flow. Free cash flow covered dividend payments 3.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
Verizon Communications cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 17.61B | 17.95B | 12.10B | 21.75B | 22.62B | 18.35B | 19.79B | 16.04B | 30.55B | 13.61B |
| Net Income growth (YoY) | -1.90% | +48.40% | -44.39% | -3.85% | +23.27% | -7.28% | +23.37% | -47.50% | +124.50% | -25.94% |
| Depreciation & Amortization | 18.35B | 17.89B | 17.62B | 17.10B | 16.21B | 16.72B | 16.68B | 17.40B | 16.95B | 15.93B |
| Stock-Based Compensation | — | — | — | — | — | — | — | — | — | 400.00M |
| Change in Working Capital | -2.32B | -2.28B | -267.00M | -456.00M | -890.00M | 56.00M | -6.71B | -1.18B | -5.31B | -5.65B |
| Operating Cash Flow | 37.14B | 36.91B | 37.48B | 37.14B | 39.54B | 41.77B | 35.75B | 34.34B | 24.32B | 21.69B |
| Capital Expenditures | — | — | — | — | — | — | — | -16.66B | -17.25B | -17.06B |
| Investing Cash Flow | -16.66B | -18.67B | -23.43B | -28.66B | -67.15B | -23.51B | -17.58B | -17.93B | -18.46B | -9.87B |
| Dividends Paid | -11.48B | -11.25B | -11.03B | -10.80B | -10.45B | -10.23B | -10.02B | -9.77B | -9.47B | -9.26B |
| Share Repurchases | — | — | — | — | — | — | — | — | 0 | 0 |
| Debt Issued | 27.60B | 15.60B | 8.60B | 17.80B | 41.40B | 31.50B | 18.70B | 10.80B | 32.00B | 12.96B |
| Debt Repaid | -9.03B | -4.69B | -2.02B | -1.96B | -9.08B | -8.84B | -17.58B | -10.92B | -23.84B | -19.16B |
| Financing Cash Flow | -5.61B | -17.10B | -14.66B | -8.53B | 8.28B | 1.32B | -18.16B | -15.38B | -6.15B | -13.38B |
| Net Change in Cash | 14.86B | 1.14B | -614.00M | -50.00M | -19.34B | 19.58B | 1.00M | 1.03B | -289.00M | -1.56B |
| Free Cash Flow | 37.14B | 36.91B | 37.48B | 37.14B | 39.54B | 41.77B | 35.75B | 17.68B | 7.07B | 4.63B |
This table shows 10 annual periods of Verizon Communications's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow VZ's reporting calendar. What is a cash flow statement?