Stock Analysis on Net
Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Verizon Communications Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Debt maturing within one year
Accounts payable
Accrued expenses
Accrued vacation, salaries and wages
Interest payable
Taxes payable
Accounts payable and accrued liabilities
Current operating lease liabilities
Dividends payable
Contract liability
Other
Other current liabilities
Current liabilities
Long-term debt, excluding maturing within one year
Employee benefit obligations
Deferred income taxes
Non-current operating lease liabilities
Other liabilities
Long-term liabilities
Total liabilities
Series preferred stock, $0.10 par value; none issued
Common stock, $0.10 par value
Additional paid in capital
Retained earnings
Accumulated other comprehensive loss
Common stock in treasury, at cost
Deferred compensation, employee stock ownership plans (ESOPs) and other
Equity attributable to Verizon
Noncontrolling interests
Total equity
Total liabilities and equity

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).

An examination of the provided financial information reveals several noteworthy trends in liabilities and stockholders’ equity between December 31, 2021, and December 31, 2025. Overall, total liabilities remained relatively stable for the first three years, experienced a significant increase in 2024, and then decreased slightly in 2025. Total equity demonstrated consistent growth throughout the five-year period.

Current Liabilities
Current liabilities exhibited a general upward trend from 2021 to 2024, increasing from US$47.160 billion to US$64.771 billion. This increase was particularly pronounced in 2024. However, current liabilities decreased to US$62.370 billion in 2025. A significant driver of this trend was debt maturing within one year, which nearly tripled between 2021 and 2024, before decreasing in 2025. Accounts payable also showed a consistent, albeit more moderate, increase over the period. Accrued expenses, conversely, demonstrated a consistent decline.
Long-Term Liabilities
Long-term liabilities remained relatively stable between 2021 and 2023, fluctuating around US$236 billion. A decrease was observed in 2024, falling to US$219.365 billion, followed by a rebound to US$236.147 billion in 2025. Long-term debt, excluding current maturities, followed a similar pattern, decreasing in 2024 and increasing again in 2025. Employee benefit obligations and non-current operating lease liabilities both showed consistent declines throughout the period.
Total Liabilities
Total liabilities remained relatively flat between 2021 and 2023, hovering around US$286-287 billion. A notable increase occurred in 2024, reaching US$284.136 billion, before a slight increase to US$298.517 billion in 2025. This fluctuation largely mirrored the trends observed in both current and long-term liabilities.
Stockholders’ Equity
Stockholders’ equity demonstrated a consistent upward trend throughout the five-year period, increasing from US$83.200 billion in 2021 to US$105.741 billion in 2025. This growth was primarily driven by increases in retained earnings, which rose from US$71.993 billion to US$94.744 billion. Additional paid-in capital remained relatively stable, while accumulated other comprehensive loss decreased, contributing positively to equity growth. Common stock in treasury consistently decreased, also adding to equity.
Total Liabilities and Equity
Total liabilities and equity increased steadily from US$366.596 billion in 2021 to US$404.258 billion in 2025, reflecting the growth in stockholders’ equity and the fluctuations in total liabilities. The increase in 2024 was less pronounced than in other years, likely due to the decrease in long-term liabilities.

In summary, the company experienced growth in equity alongside fluctuating liabilities. The significant increase in current liabilities in 2024, particularly in debt maturing within one year, warrants further investigation. The consistent growth in retained earnings suggests profitability and effective capital management.