Verizon Communications Inc. (VZ) Financial Statements (2024 and earlier)
Company Profile
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2023
| 12/31/2022
| 12/31/2021
| 12/31/2020
| 12/31/2019
| 12/31/2018
| 12/31/2017
|
|
ASSETS |
|
Current Assets |
|
Cash, cash equivalents, and short-term investments | | 2,605 | 2,921 | 22,171 | 2,594 | 2,745 | 2,079 |
|
Cash and cash equivalents | | 2,605 | 2,921 | 22,171 | 2,594 | 2,745 | 2,079 |
|
Restricted cash and investments | | 1,343 | 1,094 | 1,195 | 1,221 | | |
|
Receivables | | 24,506 | 23,846 | 23,917 | 25,429 | 25,102 | 23,493 |
|
Inventory, net of allowances, customer advances and progress billings | | 2,388 | 3,055 | 1,796 | 1,422 | 1,336 | 1,034 |
|
Inventory | | 2,388 | 3,055 | 1,796 | 1,422 | 1,336 | 1,034 |
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Prepaid expense | | 167 | 1,093 | 1,200 | 2,438 | | |
|
Contract with customer, asset, after allowance for credit loss | | 656 | | | | | ✕ |
|
Capitalized contract cost | | 2,629 | 2,432 | 2,472 | 2,578 | | ✕ |
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Other undisclosed current assets | | 3,563 | 2,287 | 1,843 | 1,791 | 5,453 | 3,307 |
|
Total current assets: | | 37,857 | 36,728 | 54,594 | 37,473 | 34,636 | 29,913 |
|
Noncurrent Assets |
|
Operating lease, right-of-use asset | | 26,130 | 27,883 | 22,531 | 22,694 | ✕ | ✕ |
|
Property, plant and equipment | | 107,434 | 99,696 | 94,833 | 91,915 | 89,286 | 88,568 |
|
Long-term investments and receivables | | 1,071 | 1,061 | 589 | 558 | 671 | 1,039 |
|
Long-term investments | | 1,071 | 1,061 | 589 | 558 | 671 | 1,039 |
|
Intangible assets, net (including goodwill) | | 189,928 | 187,899 | 130,283 | 128,946 | 128,519 | 127,836 |
|
Goodwill | | 28,671 | 28,603 | 24,773 | 24,389 | 24,614 | 29,172 |
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Intangible assets, net (excluding goodwill) | | 161,257 | 159,296 | 105,510 | 104,557 | 103,905 | 98,664 |
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Other noncurrent assets | | 17,260 | 13,329 | 13,651 | 10,141 | 11,717 | 9,787 |
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Total noncurrent assets: | | 341,823 | 329,868 | 261,887 | 254,254 | 230,193 | 227,230 |
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TOTAL ASSETS: | | 379,680 | 366,596 | 316,481 | 291,727 | 264,829 | 257,143 |
|
LIABILITIES AND EQUITY |
|
Liabilities |
|
Current Liabilities |
|
Accounts payable and accrued liabilities, including: | | 23,977 | 24,833 | 20,658 | 21,806 | 22,501 | 21,232 |
|
Interest and dividends payable | ✕ | ✕ | 1,561 | 1,452 | 1,441 | 1,570 | 1,409 |
|
Taxes payable | ✕ | ✕ | 1,624 | 1,432 | 1,771 | 1,483 | 1,483 |
|
Employee-related liabilities | ✕ | ✕ | 4,485 | 5,057 | 4,885 | 6,268 | 4,521 |
|
Accounts payable | | 8,750 | 8,040 | 6,667 | 7,725 | 7,232 | 7,063 |
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Accrued liabilities | | 7,824 | 9,123 | 6,050 | 5,984 | 5,948 | 6,756 |
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Other undisclosed accounts payable and accrued liabilities | | 7,403 | | | | | |
|
Debt | | 9,963 | 7,443 | 5,889 | 10,777 | 7,190 | 3,453 |
|
Business combination, contingent consideration, liability | | | | | | | |
|
Other liabilities | | 12,097 | 11,025 | 9,628 | 9,024 | 8,239 | 8,352 |
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Other undisclosed current liabilities | | 4,134 | 3,859 | 3,485 | 3,261 | | |
|
Total current liabilities: | | 50,171 | 47,160 | 39,660 | 44,868 | 37,930 | 33,037 |
|
Noncurrent Liabilities |
|
Long-term debt and lease obligation, including: | | 140,676 | 143,425 | 123,173 | 100,712 | 105,873 | 113,642 |
|
Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 589 | 638 |
|
Finance lease, liability | | 1,167 | 925 | 916 | 780 | ✕ | ✕ |
|
Other undisclosed long-term debt and lease obligation | | 139,509 | 119,297 | 104,257 | 81,539 | 105,284 | 113,004 |
|
Liabilities, other than long-term debt | | 96,370 | 69,608 | 66,376 | 64,919 | 32,521 | 65,777 |
|
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | | 31,232 |
|
Deferred income tax liabilities | | 43,441 | 40,685 | 35,711 | 34,703 | ✕ | ✕ |
|
Liability, pension and other postretirement and postemployment benefits | | 12,974 | 15,410 | 18,657 | 17,952 | 18,599 | 22,112 |
|
Other liabilities | | 18,397 | 13,513 | 12,008 | 12,264 | 13,922 | 12,433 |
|
Operating lease, liability | | 21,558 | 23,203 | 18,000 | 18,393 | ✕ | ✕ |
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Other undisclosed noncurrent liabilities | | | 23,203 | 18,000 | 18,393 | 33,795 | |
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Total noncurrent liabilities: | | 237,046 | 236,236 | 207,549 | 184,024 | 172,189 | 179,419 |
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Total liabilities: | | 287,217 | 283,396 | 247,209 | 228,892 | 210,119 | 212,456 |
|
Equity |
|
Equity, attributable to parent | | 90,351 | 81,252 | 67,507 | 61,173 | 52,792 | 42,680 |
|
Common stock | | 429 | 429 | 429 | 429 | 429 | 424 |
|
Treasury stock, value | | (4,013) | (4,104) | (6,719) | (6,820) | (6,986) | (7,139) |
|
Additional paid in capital | | 13,420 | 13,861 | 13,404 | 13,419 | 13,437 | 11,101 |
|
Accumulated other comprehensive income (loss) | | (1,865) | (927) | (71) | 998 | 2,370 | 2,659 |
|
Retained earnings | | 82,380 | 71,993 | 60,464 | 53,147 | 43,542 | 35,635 |
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Equity, attributable to noncontrolling interest | | 1,319 | 1,410 | 1,430 | 1,440 | 1,565 | 1,591 |
|
Other undisclosed equity | | 793 | 538 | 335 | 222 | 353 | 416 |
|
Total equity: | | 92,463 | 83,200 | 69,272 | 62,835 | 54,710 | 44,687 |
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TOTAL LIABILITIES AND EQUITY: | | 379,680 | 366,596 | 316,481 | 291,727 | 264,829 | 257,143 |
Income Statement (P&L) ($ in millions)
Comprehensive Income ($ in millions)
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission
(SEC)
through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from
the 10-K and 10-Q reports submitted
to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP
Taxonomy.
Please review the original filings
for a more detailed information.