Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

Balance Sheet: Assets 

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Verizon Communications Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Cash and cash equivalents 2,921  22,171  2,594  2,745  2,079 
Accounts receivable, net 23,846  23,917  25,429  25,102  23,493 
Inventories 3,055  1,796  1,422  1,336  1,034 
Prepaid taxes 1,093  1,200  2,438  348  — 
Deferred contract costs 2,432  2,472  2,578  2,083  — 
Restricted cash 1,094  1,195  1,221  1,047  — 
Other prepaid expense and other 2,287  1,843  1,791  1,975  3,307 
Prepaid expenses and other 6,906  6,710  8,028  5,453  3,307 
Current assets 36,728  54,594  37,473  34,636  29,913 
Plant, property and equipment, net 99,696  94,833  91,915  89,286  88,568 
Investments in unconsolidated businesses 1,061  589  558  671  1,039 
Wireless licenses 147,619  96,097  95,059  94,130  88,417 
Deposits for wireless licenses —  2,772  —  —  — 
Goodwill 28,603  24,773  24,389  24,614  29,172 
Other intangible assets, net 11,677  9,413  9,498  9,775  10,247 
Wireless licenses, goodwill and other intangible assets 187,899  133,055  128,946  128,519  127,836 
Operating lease right-of-use assets 27,883  22,531  22,694  —  — 
Other assets 13,329  10,879  10,141  11,717  9,787 
Non-current assets 329,868  261,887  254,254  230,193  227,230 
Total assets 366,596  316,481  291,727  264,829  257,143 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Verizon Communications Inc. current assets increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Plant, property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Verizon Communications Inc. plant, property and equipment, net increased from 2019 to 2020 and from 2020 to 2021.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Verizon Communications Inc. non-current assets increased from 2019 to 2020 and from 2020 to 2021.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Verizon Communications Inc. total assets increased from 2019 to 2020 and from 2020 to 2021.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Verizon Communications Inc. cash and cash equivalents increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Verizon Communications Inc. accounts receivable, net decreased from 2019 to 2020 and from 2020 to 2021.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Verizon Communications Inc. inventories increased from 2019 to 2020 and from 2020 to 2021.