Common-Size Balance Sheet: Assets
Quarterly Data
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Verizon Communications Inc. pages available for free this week:
- Income Statement
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Price to FCFE (P/FCFE)
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
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Verizon Communications Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Cash and Cash Equivalents
- Cash and cash equivalents as a percentage of total assets demonstrated notable volatility over the periods. Beginning at 2.39% in March 2020, the ratio peaked at 7.01% by December 2020 before experiencing a general decline through 2021 and fluctuating between approximately 0.5% and 1.3% in subsequent quarters up to mid-2025. The highest value occurred in late 2020, with lower, more stabilized values observed afterward.
- Accounts Receivable, Net
- This ratio showed a slight downward trend from 8.08% in March 2020 to around 6.09% by mid-2021. Thereafter, a gradual increase was observed until the end of the period, stabilizing between 6.6% and 6.86%. The overall pattern suggests a decrease initially followed by a modest recovery and stabilization.
- Inventories
- Inventories as a percentage of total assets ranged from 0.38% to 1.0%, showing a minor upward trend from early 2020 through early 2022, peaking near 1.0% in March 2022. Subsequently, the ratio experienced a slight decrease and fluctuated below 0.7%, indicating relatively stable inventory levels with mild variability over time.
- Prepaid Expenses and Other
- The ratio fluctuated moderately between 1.6% and 2.9%, with no clear upward or downward trend over the analysis period. Peaks were observed in late 2022 and early 2023, but overall, this category maintained a relatively stable proportion of total assets.
- Current Assets
- Current assets as a percentage of total assets showed a decline from 17.25% in December 2020 to around 10% in following quarters, with slight fluctuations thereafter. This decrease suggests a relative reduction in short-term assets compared to the total asset base over time, with stabilization near the 10% level from 2022 onward.
- Property, Plant, and Equipment (PPE)
- The gross PPE ratio decreased markedly from over 91% in early 2020 to approximately 79% by the end of 2021, after which a gradual increase was observed, reaching around 87% by mid-2025. Accumulated depreciation as a percentage of total assets showed a downward trend (less negative to more negative), declining from roughly -60% to nearly -59% over time, indicating ongoing asset wear and aging. The net PPE ratio remained relatively stable between 27% and 31%, with minor fluctuations but no significant long-term trend.
- Investments in Unconsolidated Businesses
- This category remained a small fraction of total assets, consistently below 0.3%. Minor fluctuations occurred, but no significant trends were observed.
- Wireless Licenses
- Wireless licenses as a share of total assets showed variability, initially declining from approximately 32.7% in mid-2020 to about 28% by early 2021. Subsequently, a marked increase occurred in late 2021, rising sharply to around 41%, where it mostly stabilized through mid-2025. This change indicates a significant revaluation or acquisition of wireless licenses starting in late 2021.
- Deposits for Wireless Licenses
- This item appeared only in late 2020 to mid-2021, peaking at around 13.16% of total assets and then disappearing from the data. The transient nature suggests a specific, short-term transaction or accounting adjustment related to wireless licensing during this period.
- Goodwill
- Goodwill steadily declined from approximately 8.3% in early 2020 to about 6% by mid-2025. This trend indicates either impairment charges or disposals of goodwill assets over time.
- Other Intangible Assets, Net
- This ratio showed a mild downward trend from around 3.2% to 2.7% of total assets over the period, indicating slight reduction or amortization of intangible assets.
- Wireless Licenses, Goodwill, and Other Intangible Assets Combined
- The combined ratio fluctuated between approximately 42% and 51%, with peaks occurring during 2021 and early 2022, largely driven by the increase in wireless licenses. Afterward, it stabilized near 50%, indicating the overall intangible asset base remained a significant and stable portion of total assets.
- Operating Lease Right-of-Use Assets
- These assets maintained a relatively narrow range between 6.2% and 8.1%. A slight decline was observed after a peak in mid-2021, but the ratio remained generally stable, suggesting consistent lease obligations over time.
- Other Assets
- Other assets gradually increased proportionally from 3.05% to 5.56% of total assets during the observed periods, indicating a growing relative importance of this asset category.
- Non-current Assets
- Non-current assets accounted for a dominant and stable majority of total assets, fluctuating between 82.75% and 90.54%. The increasing trend from late 2020 through mid-2025 suggests a strategic emphasis on longer-term asset holdings.
- Total Assets
- Total assets were consistently measured at 100% across all periods, serving as the stable denominator for all the asset structure ratios analyzed.