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: 2025-03-31), 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.