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.
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Verizon Communications Inc. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Current Ratio since 2005
- Analysis of Debt
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Verizon Communications Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The total asset base demonstrates a consistent long-term expansion, increasing from $345.6 billion in March 2021 to $410.2 billion by June 2026. This growth is characterized by steady capital investment in infrastructure and strategic acquisitions of intangible assets, offset by consistent depreciation of physical assets.
- Liquidity and Current Asset Trends
- Current assets have remained relatively stable but are punctuated by significant volatility in cash and cash equivalents. Cash levels fluctuated from a low of $1.7 billion in March 2022 to a peak of $19.0 billion in December 2025. Accounts receivable show a steady upward trend, rising from $22.5 billion in early 2021 to $26.5 billion by mid-2026, indicating a gradual increase in credit extended to customers or an expansion of the subscriber base.
- Fixed Asset Investment and Depreciation
- Gross property, plant, and equipment (PP&E) experienced a persistent increase, climbing from $282.7 billion to $357.1 billion over the analyzed period. This growth was largely balanced by accumulated depreciation, which rose from $187.9 billion to $231.6 billion. Notably, net PP&E remained stable near $108 billion for several years before a significant jump to $125.5 billion occurred in March 2026, suggesting a period of accelerated capital expenditure or a shift in asset valuation.
- Intangible Assets and Spectrum Licenses
- A critical shift occurred in September 2021, where wireless licenses jumped from $98.0 billion to $145.8 billion, reflecting substantial investment in spectrum acquisitions. Wireless licenses continued a gradual ascent to $158.2 billion by June 2026. Goodwill exhibited more volatility, decreasing from $28.6 billion in 2021 to approximately $22.8 billion between December 2023 and March 2025, before rising sharply to $30.7 billion in March 2026.
- Other Asset Components
- Operating lease right-of-use assets showed a slow, consistent decline from a peak of $28.2 billion in June 2021 to $23.2 billion by June 2026. Other assets grew steadily from $10.5 billion to $22.0 billion, contributing to the overall increase in non-current assets, which rose from $305.9 billion to $372.6 billion over the period.