{"slug":"payout-ratio-over-100-percent","qid":"cash_bridge","label":"cash_bridge","post_title":"payout-ratio-over-100-percent","post_url":"/blog/payout-ratio-over-100-percent#q-cash_bridge","columns":["date","quarter_label","net_income_bn","dep_amort_bn","op_cash_flow_bn","dividends_paid_bn"],"rows":[{"date":"2024-03-31","quarter_label":"Mar 2024","net_income_bn":4.72,"dep_amort_bn":4.44,"op_cash_flow_bn":7.08,"dividends_paid_bn":2.8},{"date":"2024-06-30","quarter_label":"Jun 2024","net_income_bn":4.7,"dep_amort_bn":4.48,"op_cash_flow_bn":9.48,"dividends_paid_bn":2.8},{"date":"2024-09-30","quarter_label":"Sep 2024","net_income_bn":3.41,"dep_amort_bn":4.46,"op_cash_flow_bn":9.91,"dividends_paid_bn":2.8},{"date":"2024-12-31","quarter_label":"Dec 2024","net_income_bn":5.11,"dep_amort_bn":4.51,"op_cash_flow_bn":10.43,"dividends_paid_bn":2.85},{"date":"2025-03-31","quarter_label":"Mar 2025","net_income_bn":4.98,"dep_amort_bn":4.58,"op_cash_flow_bn":7.78,"dividends_paid_bn":2.86},{"date":"2025-06-30","quarter_label":"Jun 2025","net_income_bn":5.12,"dep_amort_bn":4.64,"op_cash_flow_bn":8.98,"dividends_paid_bn":2.86},{"date":"2025-09-30","quarter_label":"Sep 2025","net_income_bn":5.06,"dep_amort_bn":4.62,"op_cash_flow_bn":11.27,"dividends_paid_bn":2.86},{"date":"2025-12-31","quarter_label":"Dec 2025","net_income_bn":2.45,"dep_amort_bn":4.52,"op_cash_flow_bn":9.11,"dividends_paid_bn":2.91}],"shape":"series","sql":"SELECT\n    toString(period_end)                        AS date,\n    formatDateTime(period_end, '%b %Y')         AS quarter_label,\n    round(toFloat64(net_income_q) / 1e9, 2)     AS net_income_bn,\n    round(toFloat64(dep_amort_q) / 1e9, 2)      AS dep_amort_bn,\n    round(toFloat64(op_cash_q) / 1e9, 2)        AS op_cash_flow_bn,\n    round(abs(toFloat64(dividends_q)) / 1e9, 2) AS dividends_paid_bn\nFROM\n(\n    SELECT\n        period_end,\n        argMax(net_income, (filing_date, _ingest_time))                              AS net_income_q,\n        argMax(depreciation_depletion_and_amortization, (filing_date, _ingest_time)) AS dep_amort_q,\n        argMax(net_cash_from_operating_activities, (filing_date, _ingest_time))       AS op_cash_q,\n        argMax(dividends, (filing_date, _ingest_time))                               AS dividends_q\n    FROM global_markets.stocks_cash_flow_statements\n    WHERE has(tickers, 'VZ')\n      AND timeframe = 'quarterly'\n      AND period_end >= '2024-01-01'\n      AND period_end <= '2025-12-31'\n    GROUP BY period_end\n)\nORDER BY period_end","computed_at":"2026-10-02T14:58:43.168957+00:00","elapsed":0.003425112}