Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Verizon Communications Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (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).
- Debt maturing within one year
- This liability fluctuates moderately across the periods, starting at 3.79% in March 2020, dipping to a low of 1.86% by December 2020, and then exhibiting an upward trend reaching a peak of 6.13% in June 2024 before slightly declining to 5.76% in June 2025. This indicates increasing short-term debt obligations relative to total liabilities and equity in recent quarters.
- Accounts payable and accrued liabilities
- The percentage shows variability without a clear directional trend. It peaked at 6.77% in December 2021 and then fluctuated around 5% to 6.8% in subsequent periods, suggesting steady operational obligations with periodic increases.
- Current operating lease liabilities
- This item remains relatively stable, generally around the 1.0% to 1.2% range, indicating consistent lease commitments relative to total liabilities and equity.
- Other current liabilities
- The component maintains a narrow range between approximately 2.65% to 3.77%, with minor fluctuations, reflecting stable other short-term obligations.
- Current liabilities
- Current liabilities as a whole show a slight increasing trend from 13.94% in March 2020 to around 16% in the later periods, suggesting a gradual increase in short-term obligations relative to total liabilities and equity.
- Long-term debt, excluding maturing within one year
- This is a large component of total liabilities and equity, ranging between 31.55% and 43.32%. It peaked in March 2021 at 43.32%, then exhibited a downward trajectory to around 31.82%-32.33% in 2025, indicating a reduction in the proportion of long-term debt over time.
- Employee benefit obligations
- There is a notable decline from 5.98% in March 2020 to about 2.91% in June 2025, reflecting diminishing relative employee benefit liabilities.
- Deferred income taxes
- Deferred tax liabilities remain relatively stable around 10.6% to 12.3% of total liabilities and equity, with a slight upward trend in recent periods, indicating consistent tax-related deferred obligations.
- Non-current operating lease liabilities
- This liability decreases modestly from around 6.15% in March 2020 to approximately 5.0% by June 2025, suggesting gradual reductions or lease terminations in long-term lease commitments.
- Other liabilities
- The percentage increases progressively from 3.38% in early 2021 to around 5.0% by early 2025, despite some minor fluctuations, indicating growing other miscellaneous liabilities.
- Long-term liabilities
- Long-term liabilities generally decline from 67.76% in March 2021 to approximately 56.87% in June 2025. This reflects a general decrease in long-term obligations as a proportion of the total capital structure.
- Total liabilities
- Total liabilities decrease steadily from 79.07% in March 2020 to 72.77% in June 2025, indicating a gradual reduction in overall liabilities relative to equity.
- Common stock and Additional paid-in capital
- Common stock remains nearly constant at about 0.11%-0.15%, while additional paid-in capital shows a slight decline from 4.52% to around 3.5%. This indicates limited changes in paid-in equity components.
- Retained earnings
- Retained earnings consistently increase from 18.53% in March 2020 to 24.34% in June 2025, indicating growth in accumulated profits reinvested in the company.
- Accumulated other comprehensive income (loss)
- This fluctuates mostly within a narrow negative range, generally between -0.02% and -0.58%, showing minor accumulated losses or comprehensive income changes over the periods.
- Common stock in treasury
- There is a decreasing negative balance in this category, from about -2.28% to -0.86%, suggesting increasing treasury stock reductions or buyback patterns.
- Deferred compensation, ESOPs, and other
- These small liabilities display modest growth, increasing from nearly zero to around 0.19% at peak periods, indicating incremental employee-related compensation obligations.
- Equity attributable to the company
- Equity rises steadily from 20.44% in March 2020 to approximately 26.9% by June 2025, demonstrating strengthening ownership equity relative to liabilities.
- Noncontrolling interests
- Noncontrolling interests remain stable at roughly 0.34%-0.49%, showing consistent minority interest proportions.
- Total equity
- Total equity correspondingly grows from 20.93% to 27.23%, matching the upward trend in company equity and reflecting a gradual shift towards higher equity financing relative to liabilities.
- Total liabilities and equity
- This remains constant at 100% as expected, serving as the base for relative proportions of components.