VERIZON COMMUNICATIONS INC
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
VZ$46.31+0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets
Verizon Communications Inc. and Subsidiaries
| At March 31, | At December 31, | |
|---|---|---|
| (dollars in millions, except per share amounts) (unaudited) | 2024 | 2023 |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $2,365 | $2,065 |
| Accounts receivable | 26,380 | 26,102 |
| Less Allowance for credit losses | 1,061 | 1,017 |
| Accounts receivable, net | 25,319 | 25,085 |
| Inventories | 2,076 | 2,057 |
| Prepaid expenses and other | 8,197 | 7,607 |
| Total current assets | 37,957 | 36,814 |
| Property, plant and equipment | 322,266 | 320,108 |
| Less Accumulated depreciation | 214,403 | 211,798 |
| Property, plant and equipment, net | 107,863 | 108,310 |
| Investments in unconsolidated businesses | 941 | 953 |
| Wireless licenses | 156,111 | 155,667 |
| Goodwill | 22,842 | 22,843 |
| Other intangible assets, net | 10,835 | 11,057 |
| Operating lease right-of-use assets | 24,351 | 24,726 |
| Other assets | 19,258 | 19,885 |
| Total assets | $380,158 | $380,255 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Debt maturing within one year | $15,594 | $12,973 |
| Accounts payable and accrued liabilities | 20,139 | 23,453 |
| Current operating lease liabilities | 4,282 | 4,266 |
| Other current liabilities | 13,616 | 12,531 |
| Total current liabilities | 53,631 | 53,223 |
| Long-term debt | 136,104 | 137,701 |
| Employee benefit obligations | 12,805 | 13,189 |
| Deferred income taxes | 45,980 | 45,781 |
| Non-current operating lease liabilities | 19,654 | 20,002 |
| Other liabilities | 16,258 | 16,560 |
| Total long-term liabilities | 230,801 | 233,233 |
| Commitments and Contingencies (Note 12) | ||
| Equity | ||
| Series preferred stock ($0.10 par value; 250,000,000 shares authorized; none issued) | — | — |
| 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 | 429 |
| Additional paid in capital | 13,571 | 13,631 |
| Retained earnings | 84,714 | 82,915 |
| Accumulated other comprehensive loss | (1,199) | (1,380) |
| Common stock in treasury, at cost (82,178,752 and 87,172,997 shares outstanding) | (3,602) | (3,821) |
| Deferred compensation – employee stock ownership plans (ESOPs) and other | 421 | 656 |
| Noncontrolling interests | 1,392 | 1,369 |
| Total equity | 95,726 | 93,799 |
| Total liabilities and equity | $380,158 | $380,255 |
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