| Cash Flow for Verizon Communications Inc. (VZ) | | | | After Hours: $ 26.70 |  -0.07 (-0.26%) | Volume: 6.13 m | 7:17 PM EDT Oct 10, 2008 | | | | | | | Cash Flow | in Millions of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 5,521 | 6,197 | 7,397 | 7,261 | 3,509 | | Depreciation & Amortization | 14,377 | 14,545 | 14,047 | 13,910 | 13,617 | | Deferred Income Taxes | 408 | (252) | (1,059) | 1,842 | 826 | | Operating Losses | 6,129 | (773) | 1,819 | 1,414 | 3,101 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (1,931) | (1,312) | (933) | (1,617) | (844) | | Decrease in Inventories | (255) | 8 | (252) | (274) | (65) | | Decrease in Other Current Assets | - | - | (191) | 578 | (8) | | Increase in Payables | (567) | (383) | (1,034) | (1,930) | 2,643 | | Increase in Other Current Liabilities | - | - | - | - | - | | Decrease in Other Working Capital | (140) | 1,460 | - | - | - | | Other Non-Cash Items | 2,767 | 2,999 | 2,218 | 636 | (297) | | Net Cash from Continuing Operations | 26,309 | 22,489 | 22,012 | 21,820 | 22,482 | | Net Cash from Discontinued Operations | (570) | 1,617 | - | - | - | | Cash from Operating Activities | 25,739 | 24,106 | 22,012 | 21,820 | 22,482 | | | | Sale of Property, Plant, Equipment | - | - | 1,326 | 1,720 | 229 | | Sale of Short Term Investments | 169 | 290 | - | - | 1,767 | | | Purchase of Property, Plant, Equipment | (17,538) | (17,101) | (15,324) | (13,259) | (11,884) | | Acquisitions | (763) | (1,422) | (4,684) | (1,196) | (1,162) | | Purchase of Short Term Investments | - | - | (344) | (100) | (1,887) | | Other Investment Changes, Net | 1,267 | 811 | 534 | 2,492 | 691 | | Cash from Investing Activities | (16,108) | (15,616) | (18,492) | (10,343) | (12,246) | | | Issuance of Debt | 3,402 | 11,927 | 3,616 | 514 | 4,653 | | Issuance of Capital Stock | 1,274 | 174 | 37 | 320 | 839 | | | Repayment of Debt | (8,755) | (11,233) | (3,919) | (5,981) | (12,089) | | Repurchase of Capital Stock | (2,843) | (1,700) | (271) | (370) | - | | Payment of Cash Dividends | (4,773) | (4,719) | (4,427) | (4,262) | (4,239) | | Other Financing Charges, Net | (2) | (201) | (70) | (77) | (123) | | Cash from Financing Activities | (11,697) | (6,031) | (5,034) | (9,856) | (10,959) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (2,066) | 2,459 | (1,514) | 1,621 | (723) | | | Cash at Beginning of Year | 3,219 | 760 | 2,290 | 669 | 1,422 | | Cash at End of Period | 1,153 | 3,219 | 776 | 2,290 | 699 | | | |
