Verizon Communications Inc. (VZ) FY2023 Annual Balance Sheet

Verizon Communications Inc. (VZ) FY2023 Annual Balance Sheet

Balance sheet as of 2023-12-31. The chart shows assets, liabilities and equity at that date.

Assets

380,255,000,000 US dollars

Current assets

36,814,000,000 US dollars

Non-current assets

343,441,000,000 US dollars

Liabilities (calculated)

286,456,000,000 US dollars

Current liabilities

53,223,000,000 US dollars

Non-current liabilities

233,233,000,000 US dollars

Equity

93,799,000,000 US dollars

Noncontrolling interest

1,369,000,000 US dollars. Included in consolidated equity; this amount is not added again.

Accounts receivable

26,102,000,000 US dollars. Part of Accounts receivable, net, drawn as one net amount.

Less Allowance for credit losses

negative 1,017,000,000 US dollars. Part of Accounts receivable, net, drawn as one net amount.

Property, plant and equipment

320,108,000,000 US dollars. Part of Property, plant and equipment, net, drawn as one net amount.

Less Accumulated depreciation

negative 211,798,000,000 US dollars. Part of Property, plant and equipment, net, drawn as one net amount.

Accounts receivable, net

25,085,000,000 US dollars

Prepaid expenses and other

7,607,000,000 US dollars

Cash and cash equivalents

2,065,000,000 US dollars

Inventories

2,057,000,000 US dollars

Wireless licenses

155,667,000,000 US dollars

Property, plant and equipment, net

108,310,000,000 US dollars

Operating lease right-of-use assets

24,726,000,000 US dollars

Goodwill

22,843,000,000 US dollars

Other assets

19,885,000,000 US dollars

Other intangible assets, net

11,057,000,000 US dollars

Investments in unconsolidated businesses

953,000,000 US dollars

Accounts payable and accrued liabilities

23,453,000,000 US dollars

Debt maturing within one year

12,973,000,000 US dollars

Other current liabilities

12,531,000,000 US dollars

Current operating lease liabilities

4,266,000,000 US dollars

Long-term debt

137,701,000,000 US dollars

Deferred income taxes

45,781,000,000 US dollars

Non-current operating lease liabilities

20,002,000,000 US dollars

Other liabilities

16,560,000,000 US dollars

Employee benefit obligations

13,189,000,000 US dollars

Retained earnings

82,915,000,000 US dollars

Additional paid in capital

13,631,000,000 US dollars

Deferred compensation – employee stock ownership plans (ESOPs) and other

656,000,000 US dollars

Common stock ($0.10 par value; 6,250,000,000 shares authorized in each period; 4,291,433,646 shares issued in each period)

429,000,000 US dollars

Series preferred stock ($0.10 par value; 250,000,000 shares authorized; none issued)

0 US dollars

Noncontrolling interests

1,369,000,000 US dollars

Common stock in treasury, at cost (87,172,997 and 91,572,258 shares outstanding)

negative 3,821,000,000 US dollars

Accumulated other comprehensive loss

negative 1,380,000,000 US dollars

Gross equity (calculated)

99,000,000,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

• Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
• Treasury shares and other negative equity contributions reduce equity.