Verizon Communications Inc (VZ)
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Fiscal Year End Date: 12/31
| 12-2010 | 12-2009 | 12-2008 | 12-2007 | 12-2006 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 10,217,000 | 11,601,000 | 3,962,000 | 10,574,000 | 6,197,000 |
| Depreciation Amortization | 16,405,000 | 16,534,000 | 14,610,000 | 14,377,000 | 14,545,000 |
| Income taxes - deferred | 3,233,000 | 2,093,000 | -3,468,000 | 408,000 | -252,000 |
| Accounts receivable | -859,000 | -1,393,000 | -1,085,000 | -1,931,000 | -1,312,000 |
| Accounts payable and accrued liabilities | 1,075,000 | -1,251,000 | -1,701,000 | -567,000 | -383,000 |
| Other Working Capital | 202,000 | -2,511,000 | -3,033,000 | -2,893,000 | -1,635,000 |
| Other Operating Activity | 3,090,000 | 6,317,000 | 18,167,000 | 6,871,000 | 6,946,000 |
| Operating Cash Flow | $33,363,000 | $31,390,000 | $27,452,000 | $26,839,000 | $24,106,000 |
| Cash Flows From Investing Activities | |||||
| Change In Deposits | -3,000 | 84,000 | 1,677,000 | 169,000 | 290,000 |
| PPE Investments | -16,458,000 | -16,872,000 | -17,133,000 | -17,538,000 | -17,101,000 |
| Net Acquisitions | 1,942,000 | -5,958,000 | -15,904,000 | -763,000 | -1,422,000 |
| Purchase Sale Intangibles | -786,000 | N/A | N/A | N/A | N/A |
| Other Investing Activity | -535,000 | -410,000 | -114,000 | 2,024,000 | 2,617,000 |
| Investing Cash Flow | $-15,054,000 | $-23,156,000 | $-31,474,000 | $-16,108,000 | $-15,616,000 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | -1,097,000 | -1,652,000 | 2,389,000 | -3,252,000 | 7,944,000 |
| Debt Issued | 0 | 12,040,000 | 21,598,000 | 3,402,000 | 3,983,000 |
| Debt Repayment | -8,136,000 | -19,260,000 | -4,146,000 | -5,503,000 | -11,233,000 |
| Common Stock Issued | 3,083,000 | 0 | 16,000 | 1,274,000 | 174,000 |
| Common Stock Repurchased | N/A | N/A | -1,368,000 | -2,843,000 | -1,700,000 |
| Dividend Paid | -5,412,000 | -5,271,000 | -4,994,000 | -4,773,000 | -4,719,000 |
| Other Financing Activity | -2,088,000 | -1,864,000 | -844,000 | -1,102,000 | -480,000 |
| Financing Cash Flow | $-13,650,000 | $-16,007,000 | $12,651,000 | $-12,797,000 | $-6,031,000 |
| Beginning Cash Position | 2,009,000 | 9,782,000 | 1,153,000 | 3,219,000 | 760,000 |
| End Cash Position | 6,668,000 | 2,009,000 | 9,782,000 | 1,153,000 | 3,219,000 |
| Net Cash Flow | $4,659,000 | $-7,773,000 | $8,629,000 | $-2,066,000 | $2,459,000 |
| Free Cash Flow | |||||
| Operating Cash Flow | 33,363,000 | 31,390,000 | 27,452,000 | 26,839,000 | 24,106,000 |
| Capital Expenditure | -16,458,000 | -16,872,000 | -17,133,000 | -17,538,000 | -17,101,000 |
| Free Cash Flow | 16,905,000 | 14,518,000 | 10,319,000 | 9,301,000 | 7,005,000 |