Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Verizon Communications Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cash and cash equivalents	19,048)	7,706)	3,435)	2,257)	4,194)	4,987)	2,432)	2,365)	2,065)	4,210)	4,803)	2,234)	2,605)	2,082)	1,857)	1,661)	2,921)	9,936)	4,657)	10,205)
Accounts receivable, net	27,097)	25,920)	26,275)	25,889)	26,109)	25,954)	25,607)	25,319)	25,085)	23,602)	23,186)	22,856)	24,506)	23,670)	23,909)	23,615)	23,846)	22,195)	21,257)	22,507)
Inventories	2,441)	2,700)	2,137)	2,197)	2,247)	2,523)	1,841)	2,076)	2,057)	2,240)	1,896)	2,381)	2,388)	3,133)	3,646)	3,659)	3,055)	2,303)	1,421)	1,303)
Prepaid expenses and other	8,336)	7,684)	6,999)	7,010)	7,973)	7,177)	8,176)	8,197)	7,607)	8,067)	7,503)	8,251)	8,358)	10,861)	8,087)	6,645)	6,906)	5,843)	8,291)	5,632)
Current assets	56,922)	44,010)	38,846)	37,353)	40,523)	40,641)	38,056)	37,957)	36,814)	38,119)	37,388)	35,722)	37,857)	39,746)	37,499)	35,580)	36,728)	40,277)	35,626)	39,647)
Property, plant and equipment	337,991)	334,765)	332,529)	331,888)	331,406)	327,555)	324,978)	322,266)	320,108)	316,767)	313,424)	310,519)	307,689)	300,870)	296,700)	292,568)	289,897)	287,421)	283,654)	282,742)
Accumulated depreciation	(228,524)	(226,298)	(224,460)	(223,965)	(222,884)	(220,027)	(217,088)	(214,403)	(211,798)	(209,277)	(206,154)	(203,532)	(200,255)	(197,866)	(195,390)	(192,725)	(190,201)	(191,665)	(189,452)	(187,866)
Property, plant and equipment, net	109,467)	108,467)	108,069)	107,923)	108,522)	107,528)	107,890)	107,863)	108,310)	107,490)	107,270)	106,987)	107,434)	103,004)	101,310)	99,843)	99,696)	95,756)	94,202)	94,876)
Investments in unconsolidated businesses	785)	799)	807)	820)	842)	867)	908)	941)	953)	929)	1,015)	1,052)	1,071)	1,083)	1,113)	1,074)	1,061)	1,100)	560)	555)
Wireless licenses	157,039)	156,926)	156,820)	156,726)	156,613)	156,481)	156,291)	156,111)	155,667)	155,465)	151,337)	150,485)	149,796)	149,292)	148,724)	148,083)	147,619)	145,767)	98,034)	98,012)
Deposits for wireless licenses	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	45,910)	45,490)
Goodwill	22,841)	22,841)	22,841)	22,842)	22,841)	22,844)	22,842)	22,842)	22,843)	28,642)	28,647)	28,674)	28,671)	28,548)	28,638)	28,629)	28,603)	24,887)	24,915)	24,837)
Other intangible assets, net	10,458)	10,516)	10,635)	10,847)	11,129)	10,674)	10,680)	10,835)	11,057)	10,952)	11,097)	11,246)	11,461)	11,196)	11,286)	11,432)	11,677)	7,022)	7,002)	9,304)
Wireless licenses, goodwill and other intangible assets	190,338)	190,283)	190,296)	190,415)	190,583)	189,999)	189,813)	189,788)	189,567)	195,059)	191,081)	190,405)	189,928)	189,036)	188,648)	188,144)	187,899)	177,676)	175,861)	177,643)
Operating lease right-of-use assets	23,498)	23,760)	23,949)	24,175)	24,472)	23,613)	24,064)	24,351)	24,726)	25,086)	25,345)	25,947)	26,130)	26,588)	27,098)	27,494)	27,883)	27,969)	28,180)	22,315)
Other assets	23,248)	21,012)	21,318)	19,678)	19,769)	18,516)	18,415)	19,258)	19,885)	18,147)	17,856)	17,603)	17,260)	15,633)	14,479)	13,581)	13,329)	10,679)	14,761)	10,537)
Non-current assets	347,336)	344,321)	344,439)	343,011)	344,188)	340,523)	341,090)	342,201)	343,441)	346,711)	342,567)	341,994)	341,823)	335,344)	332,648)	330,136)	329,868)	313,180)	313,564)	305,926)
Total assets	404,258)	388,331)	383,285)	380,364)	384,711)	381,164)	379,146)	380,158)	380,255)	384,830)	379,955)	377,716)	379,680)	375,090)	370,147)	365,716)	366,596)	353,457)	349,190)	345,573)

The asset composition of the entity demonstrates several notable trends over the observed period from March 2021 to December 2025. Current assets exhibit fluctuations, while non-current assets generally show an increasing trend, particularly driven by significant holdings in wireless licenses, goodwill, and property, plant, and equipment. A substantial increase in total assets is observed towards the end of the period.

Cash and Cash Equivalents: Cash and cash equivalents experienced considerable volatility. A significant decrease is apparent from March 2021 to December 2021, followed by a period of lower, relatively stable levels through June 2023. A marked increase occurs in September 2025, reaching the highest value in the observed period, suggesting a potential shift in liquidity management or a significant inflow of funds. The final value in December 2025 is substantially higher than the initial value in March 2021.
Accounts Receivable, Net: Accounts receivable remained relatively stable throughout the period, fluctuating within a narrow range. A slight upward trend is discernible, with values generally increasing from approximately US$21.2 billion to US$27.1 billion by December 2025. This suggests consistent revenue collection practices and a moderate increase in credit sales.
Inventories: Inventory levels demonstrate some fluctuation, peaking in December 2021 and subsequently decreasing. A modest increase is observed in September 2025, but remains below the peak levels. This suggests effective inventory management, with adjustments made to align with demand.
Current Assets: Current assets experienced a decrease from March 2021 to June 2021, followed by a recovery and relative stability through June 2023. A notable increase is observed in September 2025, driven primarily by the surge in cash and cash equivalents, resulting in a substantial increase in total current assets by December 2025.
Property, Plant, and Equipment (Net): Net property, plant, and equipment consistently increased throughout the period, indicating ongoing investment in fixed assets. The growth is steady, with a slight acceleration towards the end of the period. Accumulated depreciation offsets a portion of the gross value, but the net value continues to rise.
Wireless Licenses, Goodwill, and Other Intangible Assets: This category represents a significant portion of the entity’s assets. Wireless licenses demonstrate a substantial increase, particularly from September 2021 onwards, indicating significant investment in spectrum rights. Goodwill remains relatively stable until December 2022, after which it decreases, potentially reflecting impairment charges or adjustments. Overall, this asset category contributes significantly to the growth in total assets.
Total Assets: Total assets generally increased over the period, with a more pronounced increase observed from September 2024 through December 2025. This growth is primarily driven by increases in non-current assets, particularly wireless licenses and property, plant, and equipment. The total asset value in December 2025 is considerably higher than in March 2021, reflecting substantial asset accumulation.

The observed trends suggest a company focused on long-term investments in infrastructure and spectrum rights, alongside consistent management of current assets and receivables. The significant increase in cash and cash equivalents towards the end of the period warrants further investigation to understand the underlying reasons and potential strategic implications.

Assets: Selected Items

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Current Assets: Selected Items

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Verizon Communications Inc. (NYSE:VZ)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data