Verizon Communications Inc. (VZ) FY2024 Annual Balance Sheet

Verizon Communications Inc. (VZ) FY2024 Annual Balance Sheet

Balance sheet as of 2024-12-31. The chart shows assets, liabilities and equity at that date.

Assets

384,711,000,000 US dollars

Current assets

40,523,000,000 US dollars

Non-current assets

344,188,000,000 US dollars

Liabilities (calculated)

284,136,000,000 US dollars

Current liabilities

64,771,000,000 US dollars

Non-current liabilities

219,365,000,000 US dollars

Equity

100,575,000,000 US dollars

Noncontrolling interest

1,338,000,000 US dollars. Included in consolidated equity; this amount is not added again.

Accounts receivable

27,261,000,000 US dollars. Part of Accounts receivable, net, drawn as one net amount.

Less Allowance for credit losses

negative 1,152,000,000 US dollars. Part of Accounts receivable, net, drawn as one net amount.

Property, plant and equipment

331,406,000,000 US dollars. Part of Property, plant and equipment, net, drawn as one net amount.

Less Accumulated depreciation

negative 222,884,000,000 US dollars. Part of Property, plant and equipment, net, drawn as one net amount.

Accounts receivable, net

26,109,000,000 US dollars

Prepaid expenses and other

7,973,000,000 US dollars

Cash and cash equivalents

4,194,000,000 US dollars

Inventories

2,247,000,000 US dollars

Wireless licenses

156,613,000,000 US dollars

Property, plant and equipment, net

108,522,000,000 US dollars

Operating lease right-of-use assets

24,472,000,000 US dollars

Goodwill

22,841,000,000 US dollars

Other assets

19,769,000,000 US dollars

Other intangible assets, net

11,129,000,000 US dollars

Investments in unconsolidated businesses

842,000,000 US dollars

Accounts payable and accrued liabilities

23,374,000,000 US dollars

Debt maturing within one year

22,633,000,000 US dollars

Other current liabilities

14,349,000,000 US dollars

Current operating lease liabilities

4,415,000,000 US dollars

Long-term debt

121,381,000,000 US dollars

Deferred income taxes

46,732,000,000 US dollars

Non-current operating lease liabilities

19,928,000,000 US dollars

Other liabilities

19,327,000,000 US dollars

Employee benefit obligations

11,997,000,000 US dollars

Retained earnings

89,110,000,000 US dollars

Additional paid in capital

13,466,000,000 US dollars

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

738,000,000 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

1,338,000,000 US dollars

Common stock in treasury, at cost (81,753,488 and 87,172,997 shares outstanding)

negative 3,583,000,000 US dollars

Accumulated other comprehensive loss

negative 923,000,000 US dollars

Gross equity (calculated)

105,081,000,000 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.