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

	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	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	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	2,137)	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	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	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	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	(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	108,069)	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	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	156,820)	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)	22,842)	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	10,635)	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	190,296)	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	23,949)	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	21,318)	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	344,439)	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	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)

Cash and cash equivalents: There was a significant spike in cash and cash equivalents at the end of 2020, reaching 22,171 million US dollars, followed by a sharp decrease in the subsequent quarters. From 2021 onward, the cash balance fluctuated notably, with periodic rises and falls, generally maintaining a range between approximately 1,600 and 5,000 million US dollars without establishing a clear upward or downward trend.
Accounts receivable, net: The net accounts receivable remained relatively stable over the periods, with minor fluctuations around the mid-20,000 million US dollars mark. A gradual upward trend is observed starting from early 2023, with amounts increasing steadily to reach over 26,000 million US dollars by the third quarter of 2025.
Inventories: Inventory levels show some volatility, peaking notably at the end of 2021 with a high of 3,659 million US dollars but subsequently declining overall to values approximately in the 2,100 to 2,500 million US dollars range in the most recent quarters.
Prepaid expenses and other current assets: The line items classified under prepaid expenses and others demonstrate variability as well, with values ranging mostly between about 5,000 and 10,000 million US dollars. Spikes appear in mid-2020 and mid-2022, exceeding 10,000 million, while recent quarters show some moderation around 7,000 to 8,000 million US dollars.
Current assets: Current asset totals were elevated in late 2020, primarily driven by the large cash balance, but then generally stabilized between roughly 35,000 and 40,000 million US dollars from 2021 through 2025, indicating relative steadiness in liquidity components.
Property, plant, and equipment (PPE) and net PPE: Gross PPE has shown a consistent upward trajectory across all periods, increasing steadily from around 269,000 million US dollars in early 2020 to over 332,000 million US dollars in late 2025. Correspondingly, accumulated depreciation increased steadily as well, reflecting ongoing asset depreciation. Net PPE values hovered roughly between 92,000 and 108,000 million US dollars, with more pronounced growth occurring from mid-2021 onward, indicating expanding capital assets on a net basis.
Investments in unconsolidated businesses: This category remained relatively flat with minor decreases over time, starting from approximately 543 million in early 2020 and declining gradually to around 807 million US dollars by mid-2025.
Wireless licenses and deposits: Wireless licenses increased considerably in mid-2021 from about 98,000 million to over 145,000 million US dollars, maintaining growth thereafter. Deposits for wireless licenses appear only in late 2020 and early 2021, reflecting large payments of 27,720 and 45,490 million US dollars respectively, after which no deposits are recorded.
Goodwill: Goodwill was generally steady around 24,000 to 28,000 million US dollars until early 2023, after which it dropped sharply to approximately 22,800 million US dollars and remained steady at that level thereafter.
Other intangible assets, net: This line item experienced slight declines over the reported periods, ranging between about 9,300 and 11,600 million US dollars, with a subtle downward trend visible particularly after 2020.
Wireless licenses, goodwill, and other intangible assets combined: Combined intangible assets showed an overall increase from approximately 126,000 million US dollars in early 2020 to just over 190,000 million by late 2025. Sharp growth occurred primarily between early 2021 and end-2021, mainly driven by increases in wireless licenses and deposits during that period.
Operating lease right-of-use assets: These assets remained relatively stable throughout the periods, ranging between approximately 22,000 and 28,000 million US dollars, but with a slight downward trend from early 2021 to late 2024, followed by minor fluctuations.
Other assets: Other long-term assets showed an increasing trend overall, starting near 10,000 million US dollars in early 2020 and rising to over 21,000 million US dollars by late 2025, with some fluctuations between periods.
Non-current assets: Non-current assets increased steadily across the entire period, from approximately 254,000 million US dollars in early 2020 to around 344,000 million by late 2025, reflecting growth in PPE, intangible assets, and other long-term holdings.
Total assets: Total assets followed a similar upward pattern, starting at roughly 294,500 million US dollars in early 2020, experiencing an important increase in 2021, and progressing to approximately 383,000 million by mid-2025. The growth aligns mainly with increases in non-current assets, offset partially by declines or modest changes in current assets.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

Verizon Communications Inc. (NYSE:VZ)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data