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

	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash and cash equivalents	19,048)	4,194)	2,065)	2,605)	2,921)
Accounts receivable, net	27,097)	26,109)	25,085)	24,506)	23,846)
Inventories	2,441)	2,247)	2,057)	2,388)	3,055)
Prepaid taxes	1,844)	811)	550)	167)	1,093)
Deferred contract costs	3,315)	2,932)	2,756)	2,629)	2,432)
Collateral payments related to derivative contracts	1,074)	2,118)	1,406)	2,286)	21)
Restricted cash	297)	319)	1,244)	1,343)	1,094)
Other prepaid expense and other	1,806)	1,793)	1,651)	1,933)	2,266)
Prepaid expenses and other	8,336)	7,973)	7,607)	8,358)	6,906)
Current assets	56,922)	40,523)	36,814)	37,857)	36,728)
Plant, property and equipment, net	109,467)	108,522)	108,310)	107,434)	99,696)
Investments in unconsolidated businesses	785)	842)	953)	1,071)	1,061)
Wireless licenses	157,039)	156,613)	155,667)	149,796)	147,619)
Goodwill	22,841)	22,841)	22,843)	28,671)	28,603)
Other intangible assets, net	10,458)	11,129)	11,057)	11,461)	11,677)
Wireless licenses, goodwill and other intangible assets	190,338)	190,583)	189,567)	189,928)	187,899)
Operating lease right-of-use assets	23,498)	24,472)	24,726)	26,130)	27,883)
Other assets	23,248)	19,769)	19,885)	17,260)	13,329)
Non-current assets	347,336)	344,188)	343,441)	341,823)	329,868)
Total assets	404,258)	384,711)	380,255)	379,680)	366,596)

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).

The asset composition of the entity demonstrates notable shifts over the five-year period. Current assets experienced fluctuation, while non-current assets generally increased. A significant surge in cash and cash equivalents is observed in the final year, contrasting with a general decline in the preceding two years.

Liquidity & Current Assets: Current assets exhibited a modest increase from 2021 to 2022, followed by a slight decrease in 2023. A substantial increase is then noted in 2024 and 2025, driven primarily by the dramatic rise in cash and cash equivalents in 2025. Accounts receivable, net, consistently increased throughout the period, indicating a potential growth in credit sales or extended payment terms. Inventories experienced a decline from 2021 to 2023, stabilizing thereafter. Prepaid taxes show volatility, with a significant decrease in 2022, followed by increases in 2023, 2024, and a larger increase in 2025.
Long-Term Investments & Intangibles: Plant, property, and equipment, net, remained relatively stable over the period, with incremental increases each year. Investments in unconsolidated businesses experienced a gradual decline. Wireless licenses consistently increased, representing a continued investment in spectrum assets. Goodwill decreased significantly in 2023 and remained constant thereafter. Other intangible assets, net, also showed a slight decline over the period. The combined value of wireless licenses, goodwill, and other intangible assets remained relatively stable, constituting a substantial portion of total assets.
Other Asset Trends: Operating lease right-of-use assets decreased steadily throughout the period, potentially reflecting the expiration or modification of lease agreements. Other assets demonstrated a consistent increase, particularly in the later years, contributing to the overall growth in total assets. Collateral payments related to derivative contracts were highly volatile, peaking in 2022 before declining in subsequent years. Restricted cash decreased from 2023 to 2025.

Overall, total assets increased from 366,596 US$ millions in 2021 to 404,258 US$ millions in 2025. The most significant change observed is the substantial increase in cash and cash equivalents in 2025, which significantly impacted the composition of current assets. The entity continues to hold a large proportion of its assets in long-term investments, particularly wireless licenses, goodwill, and other intangible assets.

Verizon Communications Inc. (NYSE:VZ)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items