Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Verizon Communications Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Debt maturing within one year	12,973)	9,963)	7,443)	5,889)	10,777)
Accounts payable	10,021)	8,750)	8,040)	6,667)	7,725)
Accrued expenses	5,190)	7,824)	9,123)	6,050)	5,984)
Accrued vacation, salaries and wages	4,060)	3,950)	4,485)	5,057)	4,885)
Interest payable	1,570)	1,577)	1,561)	1,452)	1,441)
Taxes payable	2,612)	1,876)	1,624)	1,432)	1,771)
Accounts payable and accrued liabilities	23,453)	23,977)	24,833)	20,658)	21,806)
Current operating lease liabilities	4,266)	4,134)	3,859)	3,485)	3,261)
Dividends payable	2,821)	2,764)	2,709)	2,618)	2,566)
Contract liability	6,955)	6,583)	6,053)	4,843)	4,651)
Other	2,755)	2,750)	2,263)	2,167)	1,807)
Other current liabilities	12,531)	12,097)	11,025)	9,628)	9,024)
Current liabilities	53,223)	50,171)	47,160)	39,660)	44,868)
Long-term debt, excluding maturing within one year	137,701)	140,676)	143,425)	123,173)	100,712)
Employee benefit obligations	13,189)	12,974)	15,410)	18,657)	17,952)
Deferred income taxes	45,781)	43,441)	40,685)	35,711)	34,703)
Non-current operating lease liabilities	20,002)	21,558)	23,203)	18,000)	18,393)
Other liabilities	16,560)	18,397)	13,513)	12,008)	12,264)
Long-term liabilities	233,233)	237,046)	236,236)	207,549)	184,024)
Total liabilities	286,456)	287,217)	283,396)	247,209)	228,892)
Series preferred stock, $0.10 par value; none issued	—)	—)	—)	—)	—)
Common stock, $0.10 par value	429)	429)	429)	429)	429)
Additional paid in capital	13,631)	13,420)	13,861)	13,404)	13,419)
Retained earnings	82,915)	82,380)	71,993)	60,464)	53,147)
Accumulated other comprehensive income (loss)	(1,380)	(1,865)	(927)	(71)	998)
Common stock in treasury, at cost	(3,821)	(4,013)	(4,104)	(6,719)	(6,820)
Deferred compensation, employee stock ownership plans (ESOPs) and other	656)	793)	538)	335)	222)
Equity attributable to Verizon	92,430)	91,144)	81,790)	67,842)	61,395)
Noncontrolling interests	1,369)	1,319)	1,410)	1,430)	1,440)
Total equity	93,799)	92,463)	83,200)	69,272)	62,835)
Total liabilities and equity	380,255)	379,680)	366,596)	316,481)	291,727)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Verizon Communications Inc. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Verizon Communications Inc. long-term liabilities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Verizon Communications Inc. total liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Equity attributable to Verizon	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Verizon Communications Inc. equity attributable to Verizon increased from 2021 to 2022 and from 2022 to 2023.

Verizon Communications Inc. (NYSE:VZ)

Balance Sheet: Liabilities and Stockholders’ Equity