7Baggers
Quarterly
Annual
    Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-09-30 2019-06-30 2019-03-31 2004-09-30 
                                
      cash flows from operating activities
    		                            
      net income
    		2,448,000,000 5,056,000,000 5,121,000,000 4,983,000,000 5,114,000,000 3,411,000,000 4,702,000,000 4,722,000,000 -2,573,000,000 4,884,000,000 4,766,000,000 5,018,000,000 6,698,000,000 5,024,000,000 5,315,000,000 4,711,000,000 4,737,000,000 6,554,000,000 5,949,000,000 5,378,000,000 4,718,000,000 4,504,000,000 4,839,000,000 4,287,000,000 5,337,000,000 4,074,000,000 5,160,000,000  
      adjustments to reconcile net income to net cash from operating activities:
    		                            
      depreciation and amortization expense
    		4,519,000,000 4,618,000,000 4,635,000,000 4,577,000,000 4,506,000,000 4,458,000,000 4,483,000,000 4,445,000,000 4,516,000,000 4,431,000,000 4,359,000,000 4,318,000,000 4,218,000,000 4,324,000,000 4,321,000,000 4,236,000,000 4,051,000,000 3,961,000,000 4,020,000,000 4,174,000,000 4,197,000,000 4,192,000,000 4,181,000,000 4,150,000,000 4,114,000,000 4,232,000,000 4,231,000,000  
      employee retirement benefits
    		581,000,000 113,000,000 188,000,000 143,000,000 -521,000,000 115,000,000 292,000,000 62,000,000 1,045,000,000 53,000,000 54,000,000 54,000,000 -2,525,000,000 600,000,000 89,000,000 -210,000,000 -1,463,000,000 -109,000,000 -1,566,000,000 -253,000,000 -27,000,000 899,000,000      267,000,000 
      deferred income taxes
    		531,000,000 1,714,000,000 -37,000,000 132,000,000 568,000,000 -35,000,000 141,000,000 141,000,000 1,566,000,000 189,000,000 302,000,000 331,000,000 1,378,000,000 81,000,000 887,000,000 627,000,000 1,294,000,000 992,000,000 1,216,000,000 762,000,000 1,023,000,000 650,000,000   482,000,000 129,000,000 459,000,000 495,000,000 
      provision for expected credit losses
    		736,000,000 478,000,000 548,000,000 587,000,000 715,000,000 504,000,000 552,000,000 567,000,000 618,000,000 535,000,000 531,000,000 530,000,000 563,000,000 383,000,000 337,000,000 328,000,000             
      equity in losses of unconsolidated businesses, inclusive of dividends received
    		1,000,000 12,000,000 9,000,000 20,000,000  29,000,000                       
      verizon business group goodwill impairment
    		                            
      changes in current assets and liabilities, net of effects from acquisition/disposition of businesses:
    		                            
      accounts receivable
    		                            
      inventories
    		                            
      prepaid expenses and other
    		                            
      accounts payable and accrued liabilities and other current liabilities
    		                            
      other
    		-1,436,000,000 11,000,000 -789,000,000 -42,000,000 -294,000,000 466,000,000 337,000,000 -336,000,000 -1,112,000,000 -926,000,000 -474,000,000 -1,198,000,000 -1,395,000,000 -1,384,000,000 -1,613,000,000 614,000,000 1,062,000,000 -1,397,000,000 811,000,000 -569,000,000 370,000,000 337,000,000 969,000,000 1,104,000,000 -402,000,000 1,862,000,000 88,000,000 -177,000,000 
      net cash from operating activities
    		9,114,000,000 11,266,000,000 8,975,000,000 7,782,000,000 10,432,000,000 9,911,000,000 9,485,000,000 7,084,000,000 8,677,000,000 10,778,000,000 9,731,000,000 8,289,000,000 8,942,000,000 10,534,000,000 10,844,000,000 6,821,000,000 8,377,000,000 10,724,000,000 10,744,000,000 9,694,000,000 9,296,000,000 8,920,000,000 14,728,000,000 8,824,000,000 10,912,000,000 8,755,000,000 7,081,000,000 5,603,000,000 
      cash flows from investing activities
    		                            
      capital expenditures
    		-4,748,000,000 -4,310,000,000 -3,808,000,000 -4,145,000,000 -5,071,000,000 -3,948,000,000 -3,695,000,000 -4,376,000,000 -4,603,000,000 -4,094,000,000 -4,112,000,000 -5,958,000,000 -7,276,000,000 -5,320,000,000 -4,670,000,000 -5,821,000,000 -6,425,000,000 -5,145,000,000 -4,222,000,000 -4,494,000,000 -4,024,000,000 -4,318,000,000 0 0 0 0 0 0 
      free cash flows
    		4,366,000,000 6,956,000,000 5,167,000,000 3,637,000,000 5,361,000,000 5,963,000,000 5,790,000,000 2,708,000,000 4,074,000,000 6,684,000,000 5,619,000,000 2,331,000,000 1,666,000,000 5,214,000,000 6,174,000,000 1,000,000,000 1,952,000,000 5,579,000,000 6,522,000,000 5,200,000,000 5,272,000,000 4,602,000,000 14,728,000,000 8,824,000,000 10,912,000,000 8,755,000,000 7,081,000,000 5,603,000,000 
      cash paid related to acquisitions of businesses, net of cash acquired
    		                            
      acquisitions of wireless licenses
    		-110,000,000 -106,000,000 -112,000,000 -122,000,000 -132,000,000 -155,000,000 -164,000,000 -449,000,000 -3,937,000,000 -774,000,000 -487,000,000 -598,000,000 -763,000,000 -615,000,000 -437,000,000 -1,838,000,000 -569,000,000 -1,749,000,000 -495,000,000 -44,783,000,000 -139,000,000 -186,000,000       
      net cash from investing activities
    		-4,980,000,000 -4,490,000,000 -3,438,000,000 -3,752,000,000 -5,561,000,000 -4,003,000,000 -3,865,000,000 -5,245,000,000 -7,824,000,000 -5,408,000,000 -4,090,000,000 -6,110,000,000 -5,342,000,000 -8,664,000,000 -6,661,000,000 -7,995,000,000 -10,135,000,000 -2,617,000,000 -4,748,000,000 -49,653,000,000 -5,043,000,000 -6,345,000,000       
      cash flows from financing activities
    		                            
      proceeds from long-term borrowings
    		14,316,000,000 2,276,000,000   4,000,000 20,000,000 12,000,000 3,110,000,000 19,000,000 496,000,000 999,000,000 504,000,000 2,469,000,000 988,000,000 13,000,000 3,604,000,000 552,000,000 1,038,000,000 61,000,000 31,383,000,000 13,435,000,000 3,082,000,000 3,457,000,000 5,848,000,000 2,123,000,000 4,106,000,000 2,131,000,000 2,000,000 
      proceeds from asset-backed long-term borrowings
    		1,998,000,000 2,378,000,000 2,181,000,000 2,781,000,000 4,193,000,000 2,401,000,000 3,318,000,000 2,510,000,000 1,938,000,000 951,000,000 1,951,000,000 1,754,000,000 4,793,000,000 886,000,000 1,508,000,000 3,545,000,000 5,688,000,000 0 1,695,000,000 1,000,000,000 1,196,000,000 1,595,000,000 0 2,844,000,000 0 2,865,000,000 1,117,000,000  
      repayments of long-term borrowings and finance lease obligations
    		-3,823,000,000 -1,999,000,000 -3,084,000,000 -2,446,000,000 -5,231,000,000 -904,000,000 -1,211,000,000 -4,508,000,000 -613,000,000 -2,968,000,000 -1,275,000,000 -1,325,000,000 -615,000,000 -596,000,000 -849,000,000 -6,556,000,000 -6,159,000,000 -345,000,000 -7,257,000,000 -302,000,000 -922,000,000 -320,000,000       
      repayments of asset-backed long-term borrowings
    		-2,000,000,000 -1,925,000,000 -1,923,000,000 -2,589,000,000 -2,332,000,000 -2,150,000,000 -2,600,000,000 -1,408,000,000 -714,000,000 -1,346,000,000 -1,452,000,000 -931,000,000 -1,301,000,000 -952,000,000 -1,045,000,000 -1,650,000,000 -913,000,000 -894,000,000 -2,261,000,000 -732,000,000 -687,000,000 -2,114,000,000       
      dividends paid
    		-2,912,000,000 -2,857,000,000 -2,856,000,000 -2,856,000,000 -2,850,000,000 -2,801,000,000 -2,802,000,000 -2,796,000,000 -2,794,000,000 -2,744,000,000 -2,743,000,000 -2,744,000,000 -2,739,000,000 -2,688,000,000 -2,724,000,000 -2,654,000,000 -2,648,000,000 -2,599,000,000 -2,597,000,000 -2,601,000,000 -2,596,000,000 -2,546,000,000       
      net cash from financing activities
    		7,209,000,000 -2,551,000,000 -4,378,000,000 -5,893,000,000 -5,623,000,000 -4,415,000,000 -5,634,000,000 -1,428,000,000 -3,016,000,000 -6,055,000,000 -3,203,000,000 -2,383,000,000 -3,076,000,000 -1,616,000,000 -4,082,000,000 245,000,000 -5,192,000,000 -3,081,000,000 -11,406,000,000 27,956,000,000 9,062,000,000 -1,505,000,000 -8,795,000,000 2,563,000,000     
      increase in cash, cash equivalents and restricted cash
    		11,343,000,000 4,225,000,000 1,159,000,000 -1,863,000,000 -752,000,000 1,493,000,000 -14,000,000 411,000,000  -685,000,000       -6,950,000,000 5,026,000,000 -5,410,000,000 -12,003,000,000 13,315,000,000 1,070,000,000 789,000,000 4,407,000,000     
      cash, cash equivalents and restricted cash, beginning of period
    		0 0 0 4,635,000,000 0 0 0 3,497,000,000 0 0 0 4,111,000,000 0 0 0 4,161,000,000 0 0 0 23,498,000,000 0 0 0 3,917,000,000 0 0 3,916,000,000  
      cash, cash equivalents and restricted cash, end of period
    		11,343,000,000 4,225,000,000 1,159,000,000 2,772,000,000 -752,000,000 1,493,000,000 -14,000,000 3,908,000,000 -2,163,000,000 -685,000,000 2,438,000,000 3,907,000,000 524,000,000 254,000,000 101,000,000 3,232,000,000 -6,950,000,000 5,026,000,000 -5,410,000,000 11,495,000,000 13,315,000,000 1,070,000,000 789,000,000 8,324,000,000 1,086,000,000 -417,000,000 3,537,000,000  
      changes in current assets and liabilities, net of effects from acquisition/disposition of businesses
    		 -736,000,000 -700,000,000 -2,618,000,000  963,000,000 -1,041,000,000 -2,531,000,000  1,592,000,000 154,000,000 -774,000,000  1,501,000,000 1,533,000,000 -3,492,000,000  521,000,000 123,000,000 -41,000,000  -1,952,000,000       
      equity in losses of unconsolidated businesses, net of dividends received
    		       14,000,000 15,000,000 20,000,000 39,000,000 10,000,000 3,000,000 5,000,000 -25,000,000 7,000,000 4,000,000 7,000,000 6,000,000 19,000,000 24,000,000 21,000,000 20,000,000 26,000,000 14,000,000 29,000,000 21,000,000  
      cash received related to acquisitions of businesses, net of cash acquired
    		            0 1,000,000               
      collateral receipts (payments) related to derivative contracts
    		    -380,000,000 92,000,000 8,000,000 -432,000,000 718,000,000 -662,000,000                   
      proceeds from disposition of business
    		            0                
      net proceeds from (repayments of) short-term commercial paper
    		                            
      net proceeds from short-term commercial paper
    		       2,347,000,000    342,000,000                 
      decrease in cash, cash equivalents and restricted cash
    		           -204,000,000  254,000,000 101,000,000 -929,000,000             
      cash received related to acquisitions of businesses
    		                            
      collateral repayments (payments) related to derivative contracts
    		           367,000,000                 
      collateral payments related to derivative contracts, net of repayments
    		            2,592,000,000                
      acquisitions of businesses, net of cash acquired
    		                -3,606,000,000 -1,000,000 -50,000,000 -408,000,000 -13,000,000 -108,000,000       
      media goodwill impairment
    		                            
      discretionary employee benefits contributions
    		                            
      proceeds from dispositions of businesses
    		                            
      benefit from expected credit losses
    		                 195,000,000 185,000,000 224,000,000 280,000,000 269,000,000       
      net income on sale of divested businesses
    		                            
      benefit from uncollectible accounts
    		                       553,000,000 393,000,000 419,000,000 319,000,000  
      income before discontinued operations and cumulative effect of accounting change
    		                           1,748,000,000 
      adjustments to reconcile income before discontinued operations and cumulative effect of accounting change to net cash from operating activities:
    		                            
      sales of businesses
    		                            
      provision for uncollectible accounts
    		                           364,000,000 
      income from unconsolidated businesses
    		                            
      acquisitions, net of cash acquired, and investments
    		                            
      proceeds from disposition of businesses
    		                           0 
      net change in short-term investments
    		                           415,000,000 
      repayments of long-term borrowings and capital lease obligations
    		                            
      decrease in short-term obligations, excluding current maturities
    		                            
      proceeds from sale of common stock
    		                           129,000,000 
      purchase of common stock for treasury
    		                            
      decrease in cash and cash equivalents
    		                            
      cash and cash equivalents, beginning of period
    		                           -30,000,000 
      cash and cash equivalents, end of period
    		                           8,000,000 
      depreciation and amortization
    		                            
      increase in short-term obligations, excluding current maturities
    		                            
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.