Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

Balance Sheet: Liabilities and Stockholders’ Equity 

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Debt maturing within one year 22,633 12,973 9,963 7,443 5,889
Accounts payable 10,425 10,021 8,750 8,040 6,667
Accrued expenses 5,058 5,190 7,824 9,123 6,050
Accrued vacation, salaries and wages 4,436 4,060 3,950 4,485 5,057
Interest payable 1,553 1,570 1,577 1,561 1,452
Taxes payable 1,902 2,612 1,876 1,624 1,432
Accounts payable and accrued liabilities 23,374 23,453 23,977 24,833 20,658
Current operating lease liabilities 4,415 4,266 4,134 3,859 3,485
Dividends payable 2,878 2,821 2,764 2,709 2,618
Contract liability 7,492 6,955 6,583 6,053 4,843
Other 3,979 2,755 2,750 2,263 2,167
Other current liabilities 14,349 12,531 12,097 11,025 9,628
Current liabilities 64,771 53,223 50,171 47,160 39,660
Long-term debt, excluding maturing within one year 121,381 137,701 140,676 143,425 123,173
Employee benefit obligations 11,997 13,189 12,974 15,410 18,657
Deferred income taxes 46,732 45,781 43,441 40,685 35,711
Non-current operating lease liabilities 19,928 20,002 21,558 23,203 18,000
Other liabilities 19,327 16,560 18,397 13,513 12,008
Long-term liabilities 219,365 233,233 237,046 236,236 207,549
Total liabilities 284,136 286,456 287,217 283,396 247,209
Series preferred stock, $0.10 par value; none issued
Common stock, $0.10 par value 429 429 429 429 429
Additional paid in capital 13,466 13,631 13,420 13,861 13,404
Retained earnings 89,110 82,915 82,380 71,993 60,464
Accumulated other comprehensive loss (923) (1,380) (1,865) (927) (71)
Common stock in treasury, at cost (3,583) (3,821) (4,013) (4,104) (6,719)
Deferred compensation, employee stock ownership plans (ESOPs) and other 738 656 793 538 335
Equity attributable to Verizon 99,237 92,430 91,144 81,790 67,842
Noncontrolling interests 1,338 1,369 1,319 1,410 1,430
Total equity 100,575 93,799 92,463 83,200 69,272
Total liabilities and equity 384,711 380,255 379,680 366,596 316,481

Based on: 10-K (reporting date: 2024-12-31), 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).

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 increased from 2022 to 2023 and from 2023 to 2024.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Verizon Communications Inc. long-term liabilities decreased from 2022 to 2023 and from 2023 to 2024.
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 decreased from 2022 to 2023 and from 2023 to 2024.
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 increased from 2022 to 2023 and from 2023 to 2024.