Stock Analysis on Net
Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Verizon Communications Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Debt maturing within one year 3.41 2.62 2.03 1.86 3.69
Accounts payable 2.64 2.30 2.19 2.11 2.65
Accrued expenses 1.36 2.06 2.49 1.91 2.05
Accrued vacation, salaries and wages 1.07 1.04 1.22 1.60 1.67
Interest payable 0.41 0.42 0.43 0.46 0.49
Taxes payable 0.69 0.49 0.44 0.45 0.61
Accounts payable and accrued liabilities 6.17% 6.32% 6.77% 6.53% 7.47%
Current operating lease liabilities 1.12 1.09 1.05 1.10 1.12
Dividends payable 0.74 0.73 0.74 0.83 0.88
Contract liability 1.83 1.73 1.65 1.53 1.59
Other 0.72 0.72 0.62 0.68 0.62
Other current liabilities 3.30% 3.19% 3.01% 3.04% 3.09%
Current liabilities 14.00% 13.21% 12.86% 12.53% 15.38%
Long-term debt, excluding maturing within one year 36.21 37.05 39.12 38.92 34.52
Employee benefit obligations 3.47 3.42 4.20 5.90 6.15
Deferred income taxes 12.04 11.44 11.10 11.28 11.90
Non-current operating lease liabilities 5.26 5.68 6.33 5.69 6.30
Other liabilities 4.35 4.85 3.69 3.79 4.20
Long-term liabilities 61.34% 62.43% 64.44% 65.58% 63.08%
Total liabilities 75.33% 75.65% 77.30% 78.11% 78.46%
Series preferred stock, $0.10 par value; none issued 0.00 0.00 0.00 0.00 0.00
Common stock, $0.10 par value 0.11 0.11 0.12 0.14 0.15
Additional paid in capital 3.58 3.53 3.78 4.24 4.60
Retained earnings 21.81 21.70 19.64 19.11 18.22
Accumulated other comprehensive income (loss) -0.36 -0.49 -0.25 -0.02 0.34
Common stock in treasury, at cost -1.00 -1.06 -1.12 -2.12 -2.34
Deferred compensation, employee stock ownership plans (ESOPs) and other 0.17 0.21 0.15 0.11 0.08
Equity attributable to Verizon 24.31% 24.01% 22.31% 21.44% 21.05%
Noncontrolling interests 0.36 0.35 0.38 0.45 0.49
Total equity 24.67% 24.35% 22.70% 21.89% 21.54%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Verizon Communications Inc. current liabilities as a percentage of total liabilities and equity increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Verizon Communications Inc. long-term liabilities as a percentage of total liabilities and equity decreased from 2021 to 2022 and from 2022 to 2023.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Verizon Communications Inc. total liabilities as a percentage of total liabilities and equity decreased from 2021 to 2022 and from 2022 to 2023.
Equity attributable to Verizon Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Verizon Communications Inc. equity attributable to Verizon as a percentage of total liabilities and equity increased from 2021 to 2022 and from 2022 to 2023.