Verizon Communications Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	19,048	4,194	2,065	2,605	2,921
Short-Term Investments	-	-	-	-	18
Trading Asset Securities	-	-	-	-	188
Cash & Short-Term Investments	19,048	4,194	2,065	2,605	3,127
Cash Growth	354.17%	103.10%	-20.73%	-16.69%	-85.90%
Receivables	27,097	26,109	25,085	24,506	24,585
Inventory	2,441	2,247	2,057	2,388	3,055
Prepaid Expenses	8,336	2,604	2,201	2,100	2,393
Restricted Cash	-	319	1,244	1,343	1,094
Other Current Assets	-	5,050	4,162	4,915	2,474
Total Current Assets	56,922	40,523	36,814	37,857	36,728
Property, Plant & Equipment	132,965	132,994	133,036	133,564	127,579
Long-Term Investments	785	1,111	1,214	1,450	1,781
Goodwill	22,841	22,841	22,843	28,671	28,603
Other Intangible Assets	167,497	167,742	166,724	161,257	159,296
Long-Term Accounts Receivable	-	14,198	14,392	12,105	7,598
Long-Term Deferred Charges	-	2,808	2,639	2,475	2,259
Other Long-Term Assets	23,248	2,494	2,593	2,301	2,752
Total Assets	404,258	384,711	380,255	379,680	366,596
Accounts Payable	24,981	10,425	10,021	8,750	8,040
Accrued Expenses	-	11,047	10,820	13,351	15,169
Current Portion of Long-Term Debt	18,618	21,739	12,220	9,398	7,346
Current Portion of Leases	4,542	5,309	5,019	4,699	4,259
Current Income Taxes Payable	-	1,902	2,612	1,876	1,624
Current Unearned Revenue	-	7,492	6,955	6,583	6,053
Other Current Liabilities	14,229	6,857	5,576	5,514	4,669
Total Current Liabilities	62,370	64,771	53,223	50,171	47,160
Long-Term Debt	139,532	123,264	140,018	143,441	143,209
Long-Term Leases	18,951	21,383	21,340	22,725	24,128
Long-Term Unearned Revenue	-	2,186	1,947	1,651	1,176
Pension & Post-Retirement Benefits	11,099	11,997	13,189	12,974	15,410
Long-Term Deferred Tax Liabilities	48,717	46,732	45,781	43,441	40,685
Other Long-Term Liabilities	17,848	13,803	10,958	12,814	11,628
Total Liabilities	298,517	284,136	286,456	287,217	283,396
Common Stock	429	429	429	429	429
Additional Paid-In Capital	13,372	13,466	13,631	13,420	13,861
Retained Earnings	94,744	89,110	82,915	82,380	71,993
Treasury Stock	-3,255	-3,583	-3,821	-4,013	-4,104
Comprehensive Income & Other	-830	-185	-724	-1,072	-389
Total Common Equity	104,460	99,237	92,430	91,144	81,790
Minority Interest	1,281	1,338	1,369	1,319	1,410
Shareholders' Equity	105,741	100,575	93,799	92,463	83,200
Total Liabilities & Equity	404,258	384,711	380,255	379,680	366,596
Total Debt	181,643	171,695	178,597	180,263	178,942
Net Cash (Debt)	-162,595	-167,501	-176,532	-177,658	-175,815
Net Cash Per Share	-38.43	-39.66	-41.88	-42.26	-42.37
Filing Date Shares Outstanding	4,217	4,210	4,204	4,200	4,198
Total Common Shares Outstanding	4,217	4,210	4,204	4,200	4,198
Working Capital	-5,448	-24,248	-16,409	-12,314	-10,432
Book Value Per Share	24.77	23.57	21.98	21.70	19.48
Tangible Book Value	-85,878	-91,346	-97,137	-98,784	-106,109
Tangible Book Value Per Share	-20.36	-21.70	-23.10	-23.52	-25.28
Land	-	740	751	747	673
Buildings	-	39,130	36,940	35,382	33,361
Machinery	-	188,740	181,615	172,890	163,486
Construction In Progress	-	9,424	12,092	12,889	13,057
Leasehold Improvements	-	10,562	10,355	10,159	9,587

Source: S&P Global Market Intelligence. Standard template. Financial Sources.