Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (quarterly data)

US$ in millions

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Debt maturing within one year 21,763 23,255 15,594 12,973 12,950 14,827 12,081 9,963 14,995 12,873 13,421 7,443 7,623 7,023 8,802 5,889 5,770 6,651 11,175 10,777 7,830 8,773 8,614
Accounts payable and accrued liabilities 22,222 19,727 20,139 23,453 26,140 20,067 19,273 23,977 22,235 20,956 18,169 24,833 20,153 17,328 17,219 20,658 17,391 19,297 17,419 21,806 19,566 17,633 18,664
Current operating lease liabilities 4,312 4,247 4,282 4,266 3,906 4,211 4,177 4,134 3,961 3,912 3,847 3,859 3,606 3,881 3,536 3,485 3,494 3,270 3,331 3,261 2,959 3,154 2,997
Other current liabilities 13,519 13,577 13,616 12,531 12,681 12,299 12,237 12,097 11,950 11,483 11,148 11,025 9,976 11,846 9,173 9,628 9,530 9,668 9,132 9,024 8,854 8,654 8,332
Current liabilities 61,816 60,806 53,631 53,223 55,677 51,404 47,768 50,171 53,141 49,224 46,585 47,160 41,358 40,078 38,730 39,660 36,185 38,886 41,057 44,868 39,209 38,214 38,607
Long-term debt, excluding maturing within one year 128,878 126,022 136,104 137,701 134,441 137,871 140,772 140,676 132,912 136,184 139,961 143,425 143,352 144,894 149,700 123,173 109,790 106,190 106,561 100,712 101,769 104,598 105,045
Employee benefit obligations 12,744 12,812 12,805 13,189 12,226 12,357 12,750 12,974 15,912 15,125 15,104 15,410 16,516 16,713 18,252 18,657 18,756 17,821 17,617 17,952 18,236 18,040 17,888
Deferred income taxes 45,865 46,082 45,980 45,781 44,434 44,055 43,667 43,441 42,094 42,154 41,341 40,685 38,481 37,534 36,747 35,711 34,567 33,798 33,709 34,703 34,592 34,225 34,344
Non-current operating lease liabilities 19,247 19,456 19,654 20,002 20,773 20,745 21,303 21,558 22,175 22,597 22,932 23,203 23,507 23,360 17,766 18,000 18,155 18,158 18,117 18,393 18,214 18,254 18,971
Other liabilities 14,946 16,429 16,258 16,560 18,191 17,021 17,237 18,397 20,073 17,506 14,618 13,513 11,754 11,499 11,695 12,008 13,011 14,293 15,786 12,264 12,543 11,830 11,632
Long-term liabilities 221,680 220,801 230,801 233,233 230,065 232,049 235,729 237,046 233,166 233,566 233,956 236,236 233,610 234,000 234,160 207,549 194,279 190,260 191,790 184,024 185,354 186,947 187,880
Total liabilities 283,496 281,607 284,432 286,456 285,742 283,453 283,497 287,217 286,307 282,790 280,541 283,396 274,968 274,078 272,890 247,209 230,464 229,146 232,847 228,892 224,563 225,161 226,487
Series preferred stock, $0.10 par value; none issued
Common stock, $0.10 par value 429 429 429 429 429 429 429 429 429 429 429 429 429 429 429 429 429 429 429 429 429 429 429
Additional paid in capital 13,479 13,539 13,571 13,631 13,524 13,523 13,523 13,420 13,467 13,872 13,874 13,861 13,402 13,403 13,408 13,404 13,404 13,281 13,302 13,419 13,418 13,419 13,418
Retained earnings 86,958 86,504 84,714 82,915 88,416 86,448 84,543 82,380 78,545 76,401 73,891 71,993 70,062 66,310 63,107 60,464 58,473 56,746 54,557 53,147 50,595 47,945 46,493
Accumulated other comprehensive income (loss) (1,665) (1,287) (1,199) (1,380) (1,428) (1,921) (2,177) (1,865) (1,700) (1,320) (906) (927) (709) (234) 640 (71) (812) (1,274) (1,502) 998 1,104 1,447 2,216
Common stock in treasury, at cost (3,585) (3,590) (3,602) (3,821) (3,828) (3,830) (3,832) (4,013) (4,015) (4,020) (4,023) (4,104) (6,630) (6,632) (6,634) (6,719) (6,721) (6,722) (6,725) (6,820) (6,822) (6,823) (6,825)
Deferred compensation, employee stock ownership plans (ESOPs) and other 710 577 421 656 628 544 397 793 742 654 497 538 490 408 282 335 296 237 149 222 197 165 125
Equity attributable to Verizon 96,326 96,172 94,334 92,430 97,741 95,193 92,883 91,144 87,468 86,016 83,762 81,790 77,044 73,684 71,232 67,842 65,069 62,697 60,210 61,395 58,921 56,582 55,856
Noncontrolling interests 1,342 1,367 1,392 1,369 1,347 1,309 1,336 1,319 1,315 1,341 1,413 1,410 1,445 1,428 1,451 1,430 1,461 1,416 1,443 1,440 1,391 1,365 1,604
Total equity 97,668 97,539 95,726 93,799 99,088 96,502 94,219 92,463 88,783 87,357 85,175 83,200 78,489 75,112 72,683 69,272 66,530 64,113 61,653 62,835 60,312 57,947 57,460
Total liabilities and equity 381,164 379,146 380,158 380,255 384,830 379,955 377,716 379,680 375,090 370,147 365,716 366,596 353,457 349,190 345,573 316,481 296,994 293,259 294,500 291,727 284,875 283,108 283,947

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 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 Q1 2024 to Q2 2024 but then slightly increased from Q2 2024 to Q3 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 Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.
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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.