Stock Analysis on Net
Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

Verizon Communications Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Debt maturing within one year 5.95 5.88 5.71 6.13 4.10 3.41 3.37 3.90 3.20 2.62 4.00 3.48 3.67 2.03 2.16 2.01 2.55 1.86 1.94 2.27 3.79
Accounts payable and accrued liabilities 5.10 6.08 5.83 5.20 5.30 6.17 6.79 5.28 5.10 6.32 5.93 5.66 4.97 6.77 5.70 4.96 4.98 6.53 5.86 6.58 5.91
Current operating lease liabilities 1.23 1.15 1.13 1.12 1.13 1.12 1.01 1.11 1.11 1.09 1.06 1.06 1.05 1.05 1.02 1.11 1.02 1.10 1.18 1.12 1.13
Other current liabilities 3.77 3.73 3.55 3.58 3.58 3.30 3.30 3.24 3.24 3.19 3.19 3.10 3.05 3.01 2.82 3.39 2.65 3.04 3.21 3.30 3.10
Current liabilities 16.05% 16.84% 16.22% 16.04% 14.11% 14.00% 14.47% 13.53% 12.65% 13.21% 14.17% 13.30% 12.74% 12.86% 11.70% 11.48% 11.21% 12.53% 12.18% 13.26% 13.94%
Long-term debt, excluding maturing within one year 31.82 31.55 33.81 33.24 35.80 36.21 34.94 36.29 37.27 37.05 35.43 36.79 38.27 39.12 40.56 41.49 43.32 38.92 36.97 36.21 36.18
Employee benefit obligations 3.10 3.12 3.34 3.38 3.37 3.47 3.18 3.25 3.38 3.42 4.24 4.09 4.13 4.20 4.67 4.79 5.28 5.90 6.32 6.08 5.98
Deferred income taxes 12.26 12.15 12.03 12.15 12.09 12.04 11.55 11.59 11.56 11.44 11.22 11.39 11.30 11.10 10.89 10.75 10.63 11.28 11.64 11.52 11.45
Non-current operating lease liabilities 5.09 5.18 5.05 5.13 5.17 5.26 5.40 5.46 5.64 5.68 5.91 6.10 6.27 6.33 6.65 6.69 5.14 5.69 6.11 6.19 6.15
Other liabilities 4.84 5.02 3.92 4.33 4.28 4.35 4.73 4.48 4.56 4.85 5.35 4.73 4.00 3.69 3.33 3.29 3.38 3.79 4.38 4.87 5.36
Long-term liabilities 57.12% 57.02% 58.16% 58.24% 60.71% 61.34% 59.78% 61.07% 62.41% 62.43% 62.16% 63.10% 63.97% 64.44% 66.09% 67.01% 67.76% 65.58% 65.42% 64.88% 65.12%
Total liabilities 73.17% 73.86% 74.38% 74.27% 74.82% 75.33% 74.25% 74.60% 75.06% 75.65% 76.33% 76.40% 76.71% 77.30% 77.79% 78.49% 78.97% 78.11% 77.60% 78.14% 79.07%
Series preferred stock, $0.10 par value; none issued 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.10 par value 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.12 0.12 0.12 0.12 0.12 0.12 0.14 0.14 0.15 0.15
Additional paid in capital 3.53 3.50 3.54 3.57 3.57 3.58 3.51 3.56 3.58 3.53 3.59 3.75 3.79 3.78 3.79 3.84 3.88 4.24 4.51 4.53 4.52
Retained earnings 23.96 23.16 22.81 22.82 22.28 21.81 22.98 22.75 22.38 21.70 20.94 20.64 20.20 19.64 19.82 18.99 18.26 19.11 19.69 19.35 18.53
Accumulated other comprehensive income (loss) -0.39 -0.24 -0.44 -0.34 -0.32 -0.36 -0.37 -0.51 -0.58 -0.49 -0.45 -0.36 -0.25 -0.25 -0.20 -0.07 0.19 -0.02 -0.27 -0.43 -0.51
Common stock in treasury, at cost -0.87 -0.93 -0.94 -0.95 -0.95 -1.00 -0.99 -1.01 -1.01 -1.06 -1.07 -1.09 -1.10 -1.12 -1.88 -1.90 -1.92 -2.12 -2.26 -2.29 -2.28
Deferred compensation, employee stock ownership plans (ESOPs) and other 0.14 0.19 0.19 0.15 0.11 0.17 0.16 0.14 0.11 0.21 0.20 0.18 0.14 0.15 0.14 0.12 0.08 0.11 0.10 0.08 0.05
Equity attributable to Verizon 26.48% 25.80% 25.27% 25.37% 24.81% 24.31% 25.40% 25.05% 24.59% 24.01% 23.32% 23.24% 22.90% 22.31% 21.80% 21.10% 20.61% 21.44% 21.91% 21.38% 20.44%
Noncontrolling interests 0.35 0.35 0.35 0.36 0.37 0.36 0.35 0.34 0.35 0.35 0.35 0.36 0.39 0.38 0.41 0.41 0.42 0.45 0.49 0.48 0.49
Total equity 26.83% 26.14% 25.62% 25.73% 25.18% 24.67% 25.75% 25.40% 24.94% 24.35% 23.67% 23.60% 23.29% 22.70% 22.21% 21.51% 21.03% 21.89% 22.40% 21.86% 20.93%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 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
The proportion of debt maturing within one year fluctuated over the observed period, initially declining from 3.79% in March 2020 to a low of 1.86% by December 2020. Subsequently, it exhibited an upward trend, reaching 5.95% by December 2024, indicating increased short-term debt obligations relative to total liabilities and equity toward the end of the period.
Accounts payable and accrued liabilities
This item showed moderate variability, generally oscillating between roughly 4.9% and 6.8%. After a decline in early 2021, there was a gradual increase, peaking near 6.79% in September 2023 before slightly receding to 5.10% in March 2025, suggesting relative stability with some short-term pressures.
Current operating lease liabilities
Current operating lease liabilities maintained a stable range, marginally increasing from about 1.13% in early 2020 to 1.23% by March 2025, indicating a slight rise in lease-related short-term obligations relative to liabilities and equity.
Other current liabilities
This category remained fairly steady, hovering around 3.0% to 3.7%, with a subtle upward movement noted toward the end of the timeline, which may reflect growing miscellaneous current obligations.
Current liabilities
Current liabilities as a whole initially decreased from around 13.9% in March 2020 to approximately 11.2% by March 2021. Following this, they showed a general increasing trend, rising to around 16.05% by March 2025. This suggests an overall increase in short-term liabilities relative to the company's total financing sources.
Long-term debt, excluding maturing within one year
Long-term debt peaked at 43.32% of total liabilities and equity in March 2021 but displayed a consistent declining trend afterward, reaching around 31.82% by March 2025. This indicates a gradual reduction in long-term debt obligations over the later years.
Employee benefit obligations
The proportion related to employee benefit obligations decreased notably from roughly 5.98% in March 2020 to 3.10% by March 2025, reflecting diminishing employee-related liabilities as a share of total financing.
Deferred income taxes
Deferred income taxes maintained a stable proportion throughout the periods, fluctuating narrowly around 11% to 12.3%, reflecting consistent tax-related deferred liabilities.
Non-current operating lease liabilities
This item experienced a modest decline from 6.15% in early 2020 to about 5.09% by March 2025, suggesting a slight reduction in long-term lease-related liabilities.
Other liabilities
Other liabilities initially decreased from 5.36% to 3.38% by December 2020 but then gradually increased to around 4.84% by March 2025, showing some recovery in this miscellaneous liability category after a decline.
Long-term liabilities
Overall long-term liabilities peaked at around 67.76% in March 2021, before declining steadily to approximately 57.12% by March 2025, indicating a reduction in long-term obligations relative to total liabilities and equity over the last years.
Total liabilities
Total liabilities showed a downward trend from roughly 79.07% in March 2020 to 73.17% by March 2025, reflecting a gradual decrease in total burden of liabilities compared to total financing.
Common stock, $0.10 par value
The proportion of common stock remained virtually unchanged, consistently around 0.11% to 0.15% throughout the period, indicating no material changes in this equity component.
Additional paid in capital
This equity component showed a slight decline from about 4.52% in early 2020 to approximately 3.53% in March 2025, reflecting a minor decrease in paid-in capital over time.
Retained earnings
Retained earnings exhibited steady growth from 18.53% in March 2020, increasing gradually to reach 23.96% by March 2025, indicating accumulated profits retained within the company expanded as a share of total financing.
Accumulated other comprehensive income (loss)
This metric varied within a narrow negative range, starting at -0.51% and moving toward a less negative -0.39%, showing slight fluctuations but remaining a modest detractor from equity.
Common stock in treasury, at cost
The treasury stock component showed a decreasing negative impact from -2.28% in March 2020 to -0.87% in March 2025, suggesting reduced treasury holdings or a smaller equity reduction from this account.
Deferred compensation, employee stock ownership plans (ESOPs) and other
This item increased overall from 0.05% in early 2020 to peak in the range between 0.16%-0.21% mid-period, with minor volatility, eventually settling at 0.14% by March 2025, indicating relatively stable deferred compensation obligations.
Equity attributable to Verizon
This key equity metric showed a consistent upward trajectory from 20.44% in March 2020 to 26.48% by March 2025, reflecting strengthening equity capital relative to total financing sources.
Noncontrolling interests
The share of noncontrolling interests remained steady, slightly decreasing from 0.49% to about 0.35%, indicating minor changes in equity interests attributable to external parties.
Total equity
Total equity rose from 20.93% in March 2020 to 26.83% by March 2025, evidencing a strengthening capital base over the period.
Total liabilities and equity
By definition, this remained constant at 100% across all reported periods, serving as the base for all proportional comparisons.