Cash flow Verizon Communications, Inc.

Equities

VZ

US92343V1044

Integrated Telecommunications Services

Market Closed - Nyse Other stock markets 04:00:02 2024-12-12 pm EST			Pre-market 07:57:28 am
42.08 ^USD	+0.21%		42.02	-0.15%

Dec. 11	Senators say US must boost security after Chinese Salt Typhoon telecom hacking	RE
Dec. 11	Verizon Redefines Clear Connections On-The-Go with the Launch of Enhanced Video Calling	CI

3df2208e827363181203133baddc.WxtC7hGYnDMeKupb0XR08KBzqqlwckxI_0CZ5FQsoN0.L2oqm0nx3mNzdZAsmzpAxY05nfEYBhMByzf3gA5V7JQDSRbDY_KxBUpGrw

Published financial data: VERIZON COMMUNICATIONS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	132B	128B	134B	137B	134B
Total Revenues	132B	128B	134B	137B	134B
Cost of Goods Sold, Total	54.73B	51.2B	56.3B	59.13B	54.8B
Gross Profit	77.14B	77.09B	77.31B	77.7B	79.17B
Selling General & Admin Expenses, Total	28.94B	28.97B	26.82B	29.16B	31.3B
Depreciation & Amortization - (IS)	16.68B	16.72B	16.21B	17.1B	17.6B
Other Operating Expenses, Total	45.62B	45.69B	43.03B	46.26B	48.9B
Operating Income	31.52B	31.4B	34.29B	31.44B	30.27B
Interest Expense, Total	-4.73B	-4.25B	-3.48B	-3.61B	-5.52B
Interest And Investment Income	121M	65M	48M	146M	354M
Net Interest Expenses	-4.61B	-4.18B	-3.44B	-3.47B	-5.17B
Income (Loss) On Equity Invest.	-15M	-45M	145M	44M	-53M
Currency Exchange Gains (Loss)	-	142M	-62M	-97M	25M
Other Non Operating Income (Expenses)	-44M	-199M	82M	15M	-62M
EBT, Excl. Unusual Items	26.85B	27.12B	31.01B	27.94B	25.01B
Restructuring Charges	-	-221M	-209M	-304M	-1.37B
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-186M	-	-	-16M	-5.87B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	7M	-	-	-
Legal Settlements	-	-	-	-	-100M
Other Unusual Items	-3.93B	-2.93B	-1.38B	655M	-684M
EBT, Incl. Unusual Items	22.73B	23.97B	29.42B	28.27B	16.99B
Income Tax Expense	2.94B	5.62B	6.8B	6.52B	4.89B
Earnings From Continuing Operations	19.79B	18.35B	22.62B	21.75B	12.1B
Net Income to Company	19.79B	18.35B	22.62B	21.75B	12.1B
Minority Interest	-523M	-547M	-553M	-492M	-481M
Net Income - (IS)	19.26B	17.8B	22.06B	21.26B	11.61B
Net Income to Common Incl Extra Items	19.26B	17.8B	22.06B	21.26B	11.61B
Net Income to Common Excl. Extra Items	19.26B	17.8B	22.06B	21.26B	11.61B
Per Share Items
Net EPS - Basic	4.66	4.3	5.32	5.06	2.76
Basic EPS - Continuing Operations	4.66	4.3	5.32	5.06	2.76
Basic Weighted Average Shares Outstanding	4.14B	4.14B	4.15B	4.2B	4.21B
Net EPS - Diluted	4.65	4.3	5.32	5.06	2.75
Diluted EPS - Continuing Operations	4.65	4.3	5.32	5.06	2.75
Diluted Weighted Average Shares Outstanding	4.14B	4.14B	4.15B	4.2B	4.22B
Normalized Basic EPS	3.93	3.96	4.54	4.04	3.6
Normalized Diluted EPS	3.93	3.96	4.54	4.04	3.59
Dividend Per Share	2.44	2.48	2.54	2.58	2.64
Payout Ratio	51.99	57.48	47.34	50.83	94.93
American Depositary Receipts Ratio (ADR)	0.17	0.17	0.17	0.17	0.17
Supplemental Items
EBITDA	48.2B	48.12B	50.49B	48.54B	47.87B
EBITA	33.83B	33.84B	36.37B	33.95B	31.13B
EBIT	31.52B	31.4B	34.29B	31.44B	30.27B
EBITDAR	52.93B	53.16B	55.88B	54B	53.43B
Total Revenues (As Reported)	132B	128B	134B	137B	134B
Effective Tax Rate - (Ratio)	12.95	23.44	23.12	23.07	28.8
Current Domestic Taxes	1.49B	3.91B	2.29B	3.35B	2.28B
Current Foreign Taxes	221M	159M	248M	201M	219M
Total Current Taxes	1.71B	4.07B	2.54B	3.55B	2.5B
Deferred Domestic Taxes	1.24B	1.55B	4.36B	3B	2.36B
Deferred Foreign Taxes	-13M	1M	-97M	-22M	28M
Total Deferred Taxes	1.23B	1.55B	4.26B	2.97B	2.39B
Normalized Net Income	16.26B	16.4B	18.83B	16.97B	15.15B
Interest Capitalized	656M	555M	1.84B	2.03B	1.82B
Interest on Long-Term Debt	694M	594M	1.88B	2.07B	1.89B
Non-Cash Pension Expense	232M	124M	-2.2B	1.01B	117M
Supplemental Operating Expense Items
Advertising Expense	3.07B	3.11B	3.39B	3.56B	3.85B
Selling and Marketing Expenses	3.07B	3.11B	3.39B	3.56B	3.85B
Net Rental Expense, Total	4.73B	5.04B	5.38B	5.46B	5.56B
Imputed Operating Lease Interest Expense	1.64B	1.36B	1.39B	1.37B	1.82B
Imputed Operating Lease Depreciation	3.08B	3.68B	4B	4.09B	3.74B
Stock-Based Comp., Net of Tax (Total)	872M	780M	625M	609M	533M
Total Stock-Based Compensation	872M	780M	625M	609M	533M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.59B	22.17B	2.92B	2.6B	2.06B
Short Term Investments	-	-	-	37M	-
Trading Asset Securities, Total	-	-	-	63M	-
Total Cash And Short Term Investments	2.59B	22.17B	2.92B	2.7B	2.06B
Accounts Receivable, Total	26.28B	24.65B	24.58B	25.16B	25.08B
Total Receivables	26.28B	24.65B	24.58B	25.16B	25.08B
Inventory	1.42B	1.8B	3.06B	2.39B	2.06B
Prepaid Expenses	3.38B	2.31B	2.64B	1.3B	2.2B
Restricted Cash	1.22B	1.2B	1.09B	1.34B	1.24B
Other Current Assets, Total	2.58B	2.47B	2.43B	4.96B	4.16B
Total Current Assets	37.47B	54.59B	36.73B	37.86B	36.81B
Gross Property Plant And Equipment	288B	302B	318B	334B	345B
Accumulated Depreciation	-174B	-185B	-190B	-200B	-212B
Net Property Plant And Equipment	115B	117B	128B	134B	133B
Long-term Investments	1.57B	1.84B	1.78B	1.45B	1.21B
Goodwill	24.39B	24.77B	28.6B	28.67B	22.84B
Other Intangibles, Total	105B	106B	159B	161B	167B
Accounts Receivable Long-Term	5.82B	5.17B	7.6B	12.11B	14.39B
Deferred Charges Long-Term	1.91B	2.07B	2.26B	2.48B	2.64B
Other Long-Term Assets, Total	1.4B	5.17B	2.75B	2.3B	2.59B
Total Assets	292B	316B	367B	380B	380B
Liabilities
Accounts Payable, Total	7.72B	6.67B	8.04B	8.75B	10.02B
Accrued Expenses, Total	12.31B	12.56B	15.17B	13.35B	10.82B
Short-term Borrowings	-	320M	-	-	-
Current Portion of Long-Term Debt	10.44B	5.2B	7.35B	10.19B	12.22B
Current Portion of Leases	3.6B	3.85B	4.26B	4.7B	5.02B
Current Income Taxes Payable	1.77B	1.43B	1.62B	1.88B	2.61B
Unearned Revenue Current, Total	4.65B	4.84B	6.05B	6.58B	6.96B
Other Current Liabilities	4.37B	4.78B	4.67B	4.72B	5.58B
Total Current Liabilities	44.87B	39.66B	47.16B	50.17B	53.22B
Long-Term Debt	101B	123B	143B	143B	140B
Long-Term Leases	19.17B	18.92B	24.13B	22.72B	21.34B
Unearned Revenue Non Current	656M	755M	1.18B	1.65B	1.95B
Pension & Other Post Retirement Benefits	17.95B	18.66B	15.41B	12.97B	13.19B
Deferred Tax Liability Non Current	34.7B	35.71B	40.68B	43.44B	45.78B
Other Non Current Liabilities	10.83B	10.56B	11.63B	12.81B	10.96B
Total Liabilities	229B	247B	283B	287B	286B
Common Stock, Total	429M	429M	429M	429M	429M
Additional Paid In Capital	13.42B	13.4B	13.86B	13.42B	13.63B
Retained Earnings	53.15B	60.46B	71.99B	82.38B	82.92B
Treasury Stock	-6.82B	-6.72B	-4.1B	-4.01B	-3.82B
Comprehensive Income and Other	1.22B	264M	-389M	-1.07B	-724M
Total Common Equity	61.4B	67.84B	81.79B	91.14B	92.43B
Minority Interest	1.44B	1.43B	1.41B	1.32B	1.37B
Total Equity	62.84B	69.27B	83.2B	92.46B	93.8B
Total Liabilities And Equity	292B	316B	367B	380B	380B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.14B	4.14B	4.2B	4.2B	4.2B
ECS Total Common Shares Outstanding	4.14B	4.14B	4.2B	4.2B	4.2B
Book Value / Share	14.84	16.39	19.48	21.7	21.98
Tangible Book Value	-67.55B	-62.44B	-106B	-98.78B	-97.14B
Tangible Book Value Per Share	-16.33	-15.09	-25.28	-23.52	-23.1
Total Debt	134B	151B	179B	181B	179B
Net Debt	131B	129B	176B	178B	177B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.8B	2.11B	80M	1.63B	1.6B
Debt Equivalent Oper. Leases	37.83B	40.34B	43.06B	43.7B	44.51B
Minority Interest, Total (Incl. Fin. Div)	1.44B	1.43B	1.41B	1.32B	1.37B
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	1.42B	1.8B	3.06B	2.39B	2.06B
Land - (BS)	594M	608M	673M	747M	751M
Buildings, Total	31.22B	32.93B	33.36B	35.38B	36.94B
Machinery, Total	163B	171B	173B	173B	182B
Full Time Employees	135K	132K	118K	117K	105K
Accumulated Allowance for Doubtful Accounts (Supple)	733M	1.25B	896M	826M	1.02B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	19.26B	17.8B	22.06B	21.26B	11.61B
Depreciation & Amortization - CF	14.37B	14.28B	14.12B	14.59B	16.74B
Amortization of Goodwill and Intangible Assets - (CF)	2.31B	2.44B	2.09B	2.51B	865M
Depreciation & Amortization, Total	16.68B	16.72B	16.21B	17.1B	17.6B
(Gain) Loss From Sale Of Asset	94M	-	-	-	-
Asset Writedown & Restructuring Costs	186M	-	-	-	5.86B
(Income) Loss On Equity Investments - (CF)	74M	91M	36M	-10M	84M
Provision and Write-off of Bad Debts	1.59B	1.38B	789M	1.61B	2.21B
Other Operating Activities, Total	4.57B	5.72B	1.33B	-2.36B	365M
Change In Accounts Receivable	-1.47B	189M	-1.59B	-1.98B	-2.2B
Change In Inventories	-76M	-369M	-905M	627M	287M
Change In Accounts Payable	-2.36B	-966M	1.46B	-33M	2.08B
Change in Other Net Operating Assets	-2.81B	1.2B	150M	928M	-435M
Cash from Operations	35.75B	41.77B	39.54B	37.14B	37.48B
Capital Expenditure	-17.94B	-18.19B	-20.29B	-23.09B	-18.77B
Cash Acquisitions	-29M	-520M	-4.06B	248M	-30M
Divestitures	28M	-	4.12B	33M	-
Sale (Purchase) of Intangible assets	-898M	-2.13B	-47.6B	-3.65B	-5.8B
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	1.26B	-2.67B	672M	-2.2B	1.16B
Cash from Investing	-17.58B	-23.51B	-67.15B	-28.66B	-23.43B
Short Term Debt Issued, Total	-	-	-	106M	-
Long-Term Debt Issued, Total	18.66B	31.46B	41.42B	17.81B	8.61B
Total Debt Issued	18.66B	31.46B	41.42B	17.91B	8.61B
Short Term Debt Repaid, Total	-	-	-	-	-150M
Long-Term Debt Repaid, Total	-23.89B	-17.19B	-18.86B	-13.56B	-10.62B
Total Debt Repaid	-23.89B	-17.19B	-18.86B	-13.56B	-10.77B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-10.02B	-10.23B	-10.44B	-10.8B	-11.02B
Common & Preferred Stock Dividends Paid	-10.02B	-10.23B	-10.44B	-10.8B	-11.02B
Other Financing Activities, Total	-2.92B	-2.71B	-3.83B	-2.07B	-1.47B
Cash from Financing	-18.16B	1.32B	8.28B	-8.53B	-14.66B
Net Change in Cash	1M	19.58B	-19.34B	-50M	-614M
Supplemental Items
Cash Interest Paid	4.71B	4.42B	3.44B	3.32B	4.38B
Cash Income Tax Paid (Refund)	3.58B	2.72B	3.04B	2.74B	2.34B
Levered Free Cash Flow	12.56B	16.06B	-27.51B	6.53B	9.45B
Unlevered Free Cash Flow	15.52B	18.72B	-25.33B	8.79B	12.9B
Change In Net Working Capital	2.9B	-1.91B	-4.29B	1.83B	-413M
Net Debt Issued / Repaid	-5.23B	14.27B	22.55B	4.35B	-2.16B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.08	6.45	6.27	5.27	4.98
Return on Total Capital	10.78	9.41	8.87	7.34	6.94
Return On Equity %	33.67	27.78	29.67	24.76	12.99
Return on Common Equity	33.64	27.55	29.49	24.58	12.65
Margin Analysis
Gross Profit Margin %	58.5	60.09	57.86	56.79	59.09
SG&A Margin	21.95	22.58	20.07	21.31	23.36
EBITDA Margin %	36.55	37.51	37.79	35.47	35.73
EBITA Margin %	25.66	26.38	27.22	24.81	23.24
EBIT Margin %	23.9	24.47	25.66	22.98	22.59
Income From Continuing Operations Margin %	15.01	14.3	16.93	15.89	9.03
Net Income Margin %	14.61	13.88	16.51	15.53	8.67
Net Avail. For Common Margin %	14.61	13.88	16.51	15.53	8.67
Normalized Net Income Margin	12.33	12.78	14.09	12.4	11.31
Levered Free Cash Flow Margin	9.53	12.52	-20.59	4.78	7.05
Unlevered Free Cash Flow Margin	11.77	14.59	-18.96	6.43	9.63
Asset Turnover
Asset Turnover	0.47	0.42	0.39	0.37	0.35
Fixed Assets Turnover	1.29	1.11	1.09	1.05	1.01
Receivables Turnover (Average Receivables)	5.06	5.04	5.43	5.5	5.4
Inventory Turnover (Average Inventory)	39.69	31.82	23.21	21.73	24.66
Short Term Liquidity
Current Ratio	0.84	1.38	0.78	0.75	0.69
Quick Ratio	0.64	1.18	0.58	0.56	0.51
Operating Cash Flow to Current Liabilities	0.8	1.05	0.84	0.74	0.7
Days Sales Outstanding (Average Receivables)	72.15	72.64	67.25	66.35	67.55
Days Outstanding Inventory (Average Inventory)	9.2	11.5	15.72	16.8	14.8
Average Days Payable Outstanding	49.8	51.07	46.63	52.41	62.89
Cash Conversion Cycle (Average Days)	31.55	33.08	36.34	30.74	19.47
Long Term Solvency
Total Debt/Equity