Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

	Sep 30, 2025	Jun 30, 2025	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
Cash and cash equivalents	7,706)	3,435)	2,257)	4,194)	4,987)	2,432)	2,365)	2,065)	4,210)	4,803)	2,234)	2,605)	2,082)	1,857)	1,661)	2,921)	9,936)	4,657)	10,205)	22,171)	8,983)	7,882)	7,047)
Accounts receivable, net	25,920)	26,275)	25,889)	26,109)	25,954)	25,607)	25,319)	25,085)	23,602)	23,186)	22,856)	24,506)	23,670)	23,909)	23,615)	23,846)	22,195)	21,257)	22,507)	23,917)	22,617)	22,672)	23,797)
Inventories	2,700)	2,137)	2,197)	2,247)	2,523)	1,841)	2,076)	2,057)	2,240)	1,896)	2,381)	2,388)	3,133)	3,646)	3,659)	3,055)	2,303)	1,421)	1,303)	1,796)	1,457)	1,289)	1,633)
Prepaid expenses and other	7,684)	6,999)	7,010)	7,973)	7,177)	8,176)	8,197)	7,607)	8,067)	7,503)	8,251)	8,358)	10,861)	8,087)	6,645)	6,906)	5,843)	8,291)	5,632)	6,710)	5,515)	5,490)	8,228)
Current assets	44,010)	38,846)	37,353)	40,523)	40,641)	38,056)	37,957)	36,814)	38,119)	37,388)	35,722)	37,857)	39,746)	37,499)	35,580)	36,728)	40,277)	35,626)	39,647)	54,594)	38,572)	37,333)	40,705)
Property, plant and equipment	334,765)	332,529)	331,888)	331,406)	327,555)	324,978)	322,266)	320,108)	316,767)	313,424)	310,519)	307,689)	300,870)	296,700)	292,568)	289,897)	287,421)	283,654)	282,742)	279,737)	276,210)	272,714)	268,993)
Accumulated depreciation	(226,298)	(224,460)	(223,965)	(222,884)	(220,027)	(217,088)	(214,403)	(211,798)	(209,277)	(206,154)	(203,532)	(200,255)	(197,866)	(195,390)	(192,725)	(190,201)	(191,665)	(189,452)	(187,866)	(184,904)	(183,028)	(179,960)	(176,816)
Property, plant and equipment, net	108,467)	108,069)	107,923)	108,522)	107,528)	107,890)	107,863)	108,310)	107,490)	107,270)	106,987)	107,434)	103,004)	101,310)	99,843)	99,696)	95,756)	94,202)	94,876)	94,833)	93,182)	92,754)	92,177)
Investments in unconsolidated businesses	799)	807)	820)	842)	867)	908)	941)	953)	929)	1,015)	1,052)	1,071)	1,083)	1,113)	1,074)	1,061)	1,100)	560)	555)	589)	535)	529)	543)
Wireless licenses	156,926)	156,820)	156,726)	156,613)	156,481)	156,291)	156,111)	155,667)	155,465)	151,337)	150,485)	149,796)	149,292)	148,724)	148,083)	147,619)	145,767)	98,034)	98,012)	96,097)	95,958)	95,767)	92,471)
Deposits for wireless licenses	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	45,910)	45,490)	2,772)	—)	—)	—)
Goodwill	22,841)	22,841)	22,842)	22,841)	22,844)	22,842)	22,842)	22,843)	28,642)	28,647)	28,674)	28,671)	28,548)	28,638)	28,629)	28,603)	24,887)	24,915)	24,837)	24,773)	24,799)	24,667)	24,382)
Other intangible assets, net	10,516)	10,635)	10,847)	11,129)	10,674)	10,680)	10,835)	11,057)	10,952)	11,097)	11,246)	11,461)	11,196)	11,286)	11,432)	11,677)	7,022)	7,002)	9,304)	9,413)	9,599)	9,600)	9,371)
Wireless licenses, goodwill and other intangible assets	190,283)	190,296)	190,415)	190,583)	189,999)	189,813)	189,788)	189,567)	195,059)	191,081)	190,405)	189,928)	189,036)	188,648)	188,144)	187,899)	177,676)	175,861)	177,643)	133,055)	130,356)	130,034)	126,224)
Operating lease right-of-use assets	23,760)	23,949)	24,175)	24,472)	23,613)	24,064)	24,351)	24,726)	25,086)	25,345)	25,947)	26,130)	26,588)	27,098)	27,494)	27,883)	27,969)	28,180)	22,315)	22,531)	22,680)	22,431)	22,472)
Other assets	21,012)	21,318)	19,678)	19,769)	18,516)	18,415)	19,258)	19,885)	18,147)	17,856)	17,603)	17,260)	15,633)	14,479)	13,581)	13,329)	10,679)	14,761)	10,537)	10,879)	11,669)	10,178)	12,379)
Non-current assets	344,321)	344,439)	343,011)	344,188)	340,523)	341,090)	342,201)	343,441)	346,711)	342,567)	341,994)	341,823)	335,344)	332,648)	330,136)	329,868)	313,180)	313,564)	305,926)	261,887)	258,422)	255,926)	253,795)
Total assets	388,331)	383,285)	380,364)	384,711)	381,164)	379,146)	380,158)	380,255)	384,830)	379,955)	377,716)	379,680)	375,090)	370,147)	365,716)	366,596)	353,457)	349,190)	345,573)	316,481)	296,994)	293,259)	294,500)

The analysis of the quarterly financial data reveals several notable trends and patterns in the company’s asset composition and valuation over the observed periods.

Cash and Cash Equivalents: This category shows high volatility, with amounts fluctuating significantly across quarters. After peaking sharply at the end of 2020, cash levels decreased substantially in 2021 and 2022 before showing intermittent rises towards the later periods, reaching another peak by the end of 2025.
Accounts Receivable, Net: The accounts receivable balance remained relatively stable throughout the periods, with minor fluctuations. Values hover around the low to mid-20,000 million USD range, indicating consistent credit sales and collection patterns.
Inventories: Inventories experienced a gradual increase initially, peaking during early 2022 followed by a decline, then fluctuating moderately towards the end of the series. This suggests varying levels of stock holding possibly linked to demand cycles or supply chain adjustments.
Prepaid Expenses and Other Current Assets: The prepaid expenses showed irregular movement but tended to increase in mid-2020 and 2022, followed by decreases in other quarters, reflecting variable timing in prepaid obligations or other short-term asset components.
Current Assets: Current assets displayed fluctuations reflecting the changes in cash, receivables, inventories, and prepaids. There was a marked surge at the end of 2020, aligning with the spike in cash balances, followed by a general decline and some recovery phases in subsequent periods.
Property, Plant, and Equipment (PP&E): Gross PP&E consistently increased over time, demonstrating ongoing capital investments. Accumulated depreciation increased as well, at a steady pace, leading to a relatively stable net PP&E, with only slight increases. This stability indicates replacement and maintenance of assets to sustain operational capacity.
Investments in Unconsolidated Businesses: Investments remained fairly consistent, fluctuating modestly without significant increasing or decreasing trends, signifying stable partnerships or financial interests in associated ventures.
Wireless Licenses and Deposits: Wireless licenses increased significantly in mid-2021, marking the addition of a large intangible asset value. Deposits for wireless licenses appeared only briefly in late 2020 and early 2021, indicating the acquisition or payment for licenses that were subsequently capitalized.
Goodwill: Goodwill remained generally stable with a minor increase in the fourth quarter of 2021 followed by a sharp decrease in late 2022 and onwards. This may reflect a revaluation or impairment relating to acquisitions or business adjustments.
Other Intangible Assets: Other intangible assets showed a general declining trend with minor fluctuations, indicating amortization exceeding new acquisitions or revaluations over time.
Wireless Licenses, Goodwill, and Other Intangibles Composite: This composite figure rose sharply in 2021, largely driven by the significant increase in wireless licenses and goodwill, then stabilized with minor fluctuations, reflecting the combined changes in intangibles.
Operating Lease Right-of-Use Assets: These assets slightly declined over the periods with small fluctuations, possibly due to lease term expirations or remeasurements under lease accounting standards.
Other Assets: Other assets steadily increased, especially from mid-2022 onward, signifying accumulation of various non-current assets or deferred charges.
Non-Current Assets: Non-current assets exhibited an upward growth trend through most periods, peaking around 2023, with slight fluctuations thereafter, indicating steady long-term asset base expansion despite some variation.
Total Assets: Total assets showed a strong upward trajectory overall with a substantial increase in 2021 correlating with large additions to intangibles and other asset classes. After peaking in 2023, total assets showed minor declines but remained at elevated levels approaching the end of the analyzed period.

In summary, the financial data indicates ongoing capital investment in property and intangible assets, especially wireless licenses, supported by fluctuating liquidity levels. The asset base expanded notably in 2021 and early 2023, driven by acquisitions or capital expenditures, while depreciation and amortization steadily impacted the net asset values. The company maintained a relatively stable mix of current assets, with cash and inventory levels showing the highest volatility. Overall, asset growth and maintenance appear consistent with strategic investment patterns and operational stability.

Assets: Selected Items

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Current Assets: Selected Items

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Verizon Communications Inc. (NYSE:VZ)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data