Verizon Communications Inc (VZ)
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Fiscal Year End Date: 12/31
| 12-2005 | 12-2004 | 12-2003 | 12-2002 | 12-2001 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 7,397,000 | 7,831,000 | 3,077,000 | 4,591,000 | 584,000 |
| Depreciation Amortization | 13,615,000 | 13,503,000 | 13,607,000 | 13,282,000 | 13,523,000 |
| Income taxes - deferred | -1,093,000 | 1,721,000 | 826,000 | 1,706,000 | 1,084,000 |
| Accounts receivable | -788,000 | -1,293,000 | -938,000 | -952,000 | -2,414,000 |
| Accounts payable and accrued liabilities | -899,000 | -1,820,000 | 2,657,000 | -1,438,000 | 573,000 |
| Other Working Capital | -2,099,000 | -2,800,000 | 1,740,000 | -1,579,000 | -2,667,000 |
| Other Operating Activity | 5,892,000 | 4,649,000 | 1,498,000 | 6,472,000 | 8,843,000 |
| Operating Cash Flow | $22,025,000 | $21,791,000 | $22,467,000 | $22,082,000 | $19,526,000 |
| Cash Flows From Investing Activities | |||||
| Change In Deposits | -346,000 | -90,000 | -120,000 | -216,000 | -382,000 |
| PPE Investments | -14,964,000 | -12,794,000 | -11,874,000 | -13,052,000 | -18,369,000 |
| Net Acquisitions | -3,358,000 | -1,079,000 | -933,000 | 5,290,000 | -2,657,000 |
| Other Investing Activity | 176,000 | 3,620,000 | 691,000 | 1,187,000 | 84,000 |
| Investing Cash Flow | $-18,492,000 | $-10,343,000 | $-12,236,000 | $-6,791,000 | $-21,324,000 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | 2,098,000 | -747,000 | -1,330,000 | -11,024,000 | -546,000 |
| Debt Issued | 1,487,000 | 514,000 | 4,653,000 | 7,820,000 | 13,870,000 |
| Debt Repayment | -3,825,000 | -5,168,000 | -10,759,000 | -8,391,000 | -7,293,000 |
| Common Stock Issued | 37,000 | 320,000 | 839,000 | 915,000 | 501,000 |
| Common Stock Repurchased | -271,000 | -370,000 | N/A | N/A | N/A |
| Dividend Paid | -4,427,000 | -4,262,000 | -4,239,000 | -4,200,000 | -4,168,000 |
| Other Financing Activity | -133,000 | -143,000 | -123,000 | 71,000 | -391,000 |
| Financing Cash Flow | $-5,034,000 | $-9,856,000 | $-10,959,000 | $-14,809,000 | $1,973,000 |
| Beginning Cash Position | 2,261,000 | 669,000 | 1,397,000 | 915,000 | 757,000 |
| End Cash Position | 760,000 | 2,261,000 | 669,000 | 1,397,000 | 932,000 |
| Net Cash Flow | $-1,501,000 | $1,592,000 | $-728,000 | $482,000 | $175,000 |
| Free Cash Flow | |||||
| Operating Cash Flow | 22,025,000 | 21,791,000 | 22,467,000 | 22,082,000 | 19,526,000 |
| Capital Expenditure | -14,964,000 | -12,794,000 | -11,874,000 | -13,052,000 | -18,369,000 |
| Free Cash Flow | 7,061,000 | 8,997,000 | 10,593,000 | 9,030,000 | 1,157,000 |