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

	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	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)	22,171)	8,983)	7,882)	7,047)
Accounts receivable, net	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)	23,917)	22,617)	22,672)	23,797)
Inventories	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)	1,796)	1,457)	1,289)	1,633)
Prepaid expenses and other	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)	6,710)	5,515)	5,490)	8,228)
Current assets	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)	54,594)	38,572)	37,333)	40,705)
Property, plant and equipment	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)	279,737)	276,210)	272,714)	268,993)
Accumulated depreciation	(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)	(184,904)	(183,028)	(179,960)	(176,816)
Property, plant and equipment, net	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)	94,833)	93,182)	92,754)	92,177)
Investments in unconsolidated businesses	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)	589)	535)	529)	543)
Wireless licenses	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)	96,097)	95,958)	95,767)	92,471)
Deposits for wireless licenses	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	45,910)	45,490)	2,772)	—)	—)	—)
Goodwill	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)	24,773)	24,799)	24,667)	24,382)
Other intangible assets, net	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)	9,413)	9,599)	9,600)	9,371)
Wireless licenses, goodwill and other intangible assets	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)	133,055)	130,356)	130,034)	126,224)
Operating lease right-of-use assets	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)	22,531)	22,680)	22,431)	22,472)
Other assets	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)	10,879)	11,669)	10,178)	12,379)
Non-current assets	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)	261,887)	258,422)	255,926)	253,795)
Total assets	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)	316,481)	296,994)	293,259)	294,500)

The quarterly financial data reveals several key trends across various asset categories over the analyzed periods.

Cash and Cash Equivalents: Cash levels exhibited notable volatility, with a peak in December 2020 at 22,171 million USD, followed by a significant decline through 2021 and early 2022. From there, cash balances stabilized at lower levels, fluctuating between approximately 2,000 and 5,000 million USD in recent quarters.
Accounts Receivable, Net: This asset category remained relatively stable, fluctuating modestly between around 21,000 and 26,000 million USD. An upward trend is observable in the more recent quarters, suggesting increased amounts owed by customers.
Inventories: Inventories grew sharply between mid-2020 and late 2021, peaking at over 3,600 million USD in early 2022. Since then, inventories have experienced fluctuations but generally remained elevated above levels seen in early 2020, indicating potentially higher stockholding or supply adjustments.
Prepaid Expenses and Other Current Assets: Prepaid expenses and other similar current assets showed fluctuations, with peaks around mid-2022 exceeding 10,800 million USD, followed by some contraction. The series reflects occasional volatility but no consistent upward or downward trend.
Current Assets: Overall current assets peaked at nearly 54,600 million USD at the end of 2020, mainly driven by increased cash and receivables. After this peak, current assets declined and stabilized in the range of approximately 35,000 to 40,000 million USD in subsequent periods.
Property, Plant, and Equipment (PP&E), Gross and Net: Gross PP&E steadily increased throughout the periods, reflecting ongoing investment in infrastructure and physical assets, advancing from roughly 269,000 million USD in early 2020 to beyond 331,800 million USD by the end of 2024. Accumulated depreciation also rose consistently, leading to net PP&E values that displayed a moderate upward trend but with some fluctuation around the 106,000 to 108,000 million USD range in later quarters.
Investments in Unconsolidated Businesses: These investments showed a slight decline over the period, from approximately 543 million USD to around 820 million USD, with some intermittent variations.
Wireless Licenses and Related Intangible Assets: Wireless licenses saw a dramatic increase from about 92,400 million USD at the start to over 156,700 million USD by late 2024, indicating significant acquisitions or capitalization of intangible assets. Deposits for wireless licenses appeared only in late 2020 and early 2021, with substantial amounts recorded, then disappeared, suggesting licensing transactions finalized during that timeframe.
Goodwill: Goodwill remained largely stable around 24,800 million USD until late 2022, after which it declined sharply to approximately 22,800 million USD, possibly signifying impairment or restructuring events.
Other Intangible Assets, Net: These assets showed a gradual decrease from around 9,371 million USD early in 2020 to slightly below 10,800 million USD at the end of 2024, indicating amortization or asset disposals offset by occasional additions.
Operating Lease Right-of-Use Assets: These assets peaked around mid-2021 near 28,000 million USD but gradually declined afterward to approximately 24,000 million USD by late 2024, reflecting lease term expirations or changes in lease accounting treatments.
Other Assets: Other long-term assets generally trended upwards, increasing from roughly 12,400 million USD in early 2020 to near 19,700 million USD by the end of 2024, suggesting acquisitions or reclassifications to other asset categories.
Non-Current Assets: Non-current assets increased steadily, especially due to rises in PP&E and intangible assets, climbing from about 254,000 million USD to a peak near 346,700 million USD around 2023, followed by slight declines but remaining above 340,000 million USD.
Total Assets: Total assets increased from approximately 294,500 million USD at the start to a peak exceeding 384,700 million USD in late 2024. The growth is largely attributed to investment in wireless licenses, property assets, and non-current assets, indicating ongoing capital expenditure and strategic asset accumulation.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

Verizon Communications Inc. (NYSE:VZ)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data