Verizon cash flow statement
In fiscal 2025, Verizon's operations generated $37.14bn of cash; it spent $0 on capital projects, leaving free cash flow of $37.14bn. It returned $11.48bn in dividends.
Cash flow statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 31.4 | 33.4 | 29.8 | 31.5 | 38.8 | 30.6 | 39.0 | 21.7 | 24.3 | 34.3 | 35.7 | 41.8 | 39.5 | 37.1 | 37.5 | 36.9 | 37.1 | 39.1 |
| Depreciation and amortisation | 16.5 | 16.4 | 16.5 | 16.5 | 16.6 | 16.5 | 16.0 | 15.9 | 17.0 | 17.4 | 16.7 | 16.7 | 16.2 | 17.1 | 17.6 | 17.9 | 18.3 | 19.5 |
| Stock-based pay | 0.5 | 0.5 | 0.5 | 0.7 | 0.4 | 0.3 | 0.3 | 0.4 | — | — | — | — | — | — | — | — | — | — |
| Capital spending | 16.9 | 16.5 | 16.2 | 16.2 | 16.6 | 17.2 | 17.8 | 17.1 | 17.2 | 16.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Free cash flow | 14.5 | 16.9 | 13.5 | 15.3 | 22.2 | 13.4 | 21.3 | 4.6 | 7.1 | 17.7 | 35.7 | 41.8 | 39.5 | 37.1 | 37.5 | 36.9 | 37.1 | 39.1 |
| Free cash flow after stock pay | 14.0 | 16.4 | 13.0 | 14.6 | 21.8 | 13.1 | 21.0 | 4.2 | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | 5.3 | 5.4 | 5.6 | 5.2 | 5.9 | 7.8 | 8.5 | 9.3 | 9.5 | 9.8 | 10.0 | 10.2 | 10.4 | 10.8 | 11.0 | 11.2 | 11.5 | 11.7 |
| Share buybacks | 0.0 | — | — | — | 0.2 | — | 5.1 | 0.0 | 0.0 | — | — | — | — | — | — | — | — | — |
| Shares issued | 0.0 | — | 0.2 | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 | — | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 10.4 | 7.8 | 9.0 | 11.3 | 9.1 | 8.0 | 10.4 | 11.5 |
| Depreciation and amortisation | 4.5 | 4.6 | 4.6 | 4.6 | 4.5 | 4.9 | 5.0 | 5.1 |
| Capital spending | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Free cash flow | 10.4 | 7.8 | 9.0 | 11.3 | 9.1 | 8.0 | 10.4 | 11.5 |
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