Verizon Communications (Verizon Communications) Change In Working Capital

: $-2,024 Mil (TTM As of Mar. 2024)

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Verizon Communications's change in working capital for the quarter that ended in Mar. 2024 was $-2,531 Mil.

Verizon Communications's change in working capital for the fiscal year that ended in Dec. 2023 was $-267 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).

Verizon Communications Change In Working Capital Historical Data

The historical data trend for Verizon Communications's Change In Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Verizon Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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-6,713.00

56.00

-890.00

-456.00

-267.00

Verizon Communications Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Working Capital	Get a 7-Day Free Trial															-774.00	154.00	1,592.00	-1,239.00	-2,531.00

Verizon Communications Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2,024 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows	Fiscal Years Ended	January 31,	(Amounts in millions)
Cash flows from operating activities:	2014	2013	2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net	(566)	(614)	(796)
Inventories	(1,667)	(2,759)	(3,727)
Accounts payable	531	1,061	2,687
Accrued liabilities	103	271	(935)
Accrued income taxes	(1,224)	981	994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.

Verizon Communications Change In Working Capital Related Terms

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Verizon Communications (Verizon Communications) Business Description

Industry

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Address

1095 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.verizon.com

Verizon Communications is primarily a wireless business (it provides about 70% of service revenue and nearly all operating income). It serves about 92 million postpaid and 22 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.

Executives

Craig L. Silliman	officer: EVP of PubPolicy & Gen Counsel	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Samantha Hammock	officer: EVP & Chief HR Officer	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Joseph J. Russo	officer: EVP&Pres-Global Networks&Tech	VERIZON COMMUNICATIONS INC., 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Mary-lee Stillwell	officer: SVP and Controller	804 CARNEGIE CENTER, PRINCETON NJ 08540
Kyle Malady	officer: EVP & Chief Technology Officer	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Vittorio Colao	director	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Vandana Venkatesh	officer: EVP and General Counsel	VERIZON COMMUNICATIONS INC., 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Sowmyanarayan Sampath	officer: EVP and Group CEO-VZ Business	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Tami A. Erwin	officer: EVP and Group CEO-VZ Business	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Hans Erik Vestberg	director, officer: Chairman and CEO	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Manon Brouillette	officer: EVP and Group CEO-VZ Consumer	40 AVENUE SPRINGGROVE, MONTREAL Z4 H3C 4M8
Carol B Tome	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kumara Guru Gowrappan	officer: EVP and Group CEO-VZ Media	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Laxman Narasimhan	director	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Shellye L Archambeau	director	1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036