# Verizon Communications Inc. (VZ) FY2023 Annual Balance Sheet

- Company: Verizon Communications Inc. (VZ)
- Period: As of 2023-12-31
- Filing: FY2023 10-K, filed 2024-02-09, accession number 0000732712-24-000010
- Page: https://plicit.ai/financials/vz/fy2023-annual-balance-sheet
- Chart image: https://plicit.ai/charts/vz-fy2023-annual-balance-sheet-sankey.png

## Chart details

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.