Stock Analysis on Net
Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

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Common-Size Balance Sheet: Assets
Quarterly Data

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Verizon Communications Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents
Accounts receivable, net
Inventories
Prepaid expenses and other
Current assets
Property, plant and equipment
Accumulated depreciation
Property, plant and equipment, net
Investments in unconsolidated businesses
Wireless licenses
Deposits for wireless licenses
Goodwill
Other intangible assets, net
Wireless licenses, goodwill and other intangible assets
Operating lease right-of-use assets
Other assets
Non-current assets
Total assets

Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

The composition of assets for the analyzed entity exhibits several notable trends over the observed period from March 2021 to December 2025. A significant portion of assets consistently resides in property, plant, and equipment net of accumulated depreciation, and wireless licenses, goodwill, and other intangible assets. Current assets represent a smaller, though still substantial, portion of the total asset base.

Cash and Cash Equivalents
Cash and cash equivalents demonstrate considerable volatility. Initially declining from 2.95% in March 2021 to a low of 0.45% in March 2022, it experienced a surge, peaking at 4.71% in December 2025. This suggests active cash management or potentially significant short-term financing or investment activities. The increase in the most recent quarter is particularly pronounced.
Accounts Receivable
Accounts receivable, net, remained relatively stable, fluctuating between approximately 6.05% and 6.86% of total assets throughout the period. A slight upward trend is observable towards the end of the period, increasing from 6.05% in March 2022 to 6.70% in December 2025. This could indicate changes in credit policies or sales terms.
Inventories
The proportion of inventories to total assets generally increased over the period, starting at 0.38% in March 2021 and reaching 0.60% in December 2025. While still a small percentage of total assets, the upward trend may suggest a build-up of inventory, potentially due to supply chain dynamics or anticipated demand.
Prepaid Expenses and Other
Prepaid expenses and other current assets show a fluctuating pattern, generally remaining between 1.63% and 2.90% of total assets. There is a slight decreasing trend in the latter half of the period, from 2.90% in September 2022 to 2.06% in December 2025.
Property, Plant, and Equipment
Property, plant, and equipment net of accumulated depreciation consistently represents a substantial portion of total assets, ranging from 26.98% to 28.48%. A gradual increase is observed throughout the period, indicating ongoing investment in fixed assets. The accumulated depreciation component is significant, consistently offsetting a large portion of the gross value.
Wireless Licenses, Goodwill, and Intangible Assets
Wireless licenses, goodwill, and other intangible assets collectively constitute the largest asset category, consistently accounting for over 50% of total assets. This proportion decreased from 51.41% in March 2021 to 47.08% in December 2025. The decline suggests a potential shift in asset allocation or amortization of intangible assets.
Operating Lease Right-of-Use Assets
Operating lease right-of-use assets increased from 6.46% in March 2021 to 5.81% in December 2025. This indicates an increasing reliance on leased assets rather than owned assets.
Other Assets
Other assets show an increasing trend, rising from 3.05% in March 2021 to 5.75% in December 2025. This suggests a growing proportion of assets not categorized within the primary asset classes.
Non-Current vs. Current Assets
Non-current assets consistently represent the majority of the asset base, generally exceeding 85% of total assets. The proportion of current assets, while smaller, experienced a notable increase in December 2025, reaching 14.08%, primarily driven by the increase in cash and cash equivalents. This could indicate a shift towards more liquid assets.