Stock Analysis on Net
Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (quarterly data)

US$ in millions

Microsoft Excel
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
Debt maturing within one year
Accounts payable and accrued liabilities
Current operating lease liabilities
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 income (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-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Debt maturing within one year
The short-term debt exhibits considerable volatility throughout the periods. There is a marked increase starting in the first quarter of 2022, peaking notably in the second quarter of 2024 before slightly declining toward mid-2025. This suggests fluctuating refinancing or repayment activities within the near term.
Accounts payable and accrued liabilities
This liability category fluctuates moderately across the quarters. Peaks are observed toward the end of 2021 and in late 2023, followed by declines in early 2024, indicating variations in operational obligations and vendor payment timings.
Current operating lease liabilities
Current lease liabilities steadily increase over the periods with minor fluctuations, demonstrating a gradual growth in lease commitments due within one year.
Other current liabilities
These liabilities show a general upward trend with some periods of stabilization, particularly in the later quarters, reflecting increasing miscellaneous short-term obligations.
Current liabilities
The total current liabilities display a noticeable growth trend from 2020 through 2025. Significant increases occur in 2022 and 2024, which may indicate higher short-term funding needs or increased operational activity.
Long-term debt, excluding maturing within one year
Long-term debt peaks in early 2021, then follows a gradual declining path with slight recoveries in some quarters. The overall decrease from 2021 through 2025 suggests repayments or refinancing possibly reducing long-term financial leverage.
Employee benefit obligations
Employee benefit obligations decline steadily over the reported periods, indicating either reduced obligations or recognition adjustments related to pension or other postretirement benefits.
Deferred income taxes
Deferred tax liabilities show a consistent increase, albeit at a slower pace in later periods. This increment aligns with accumulating taxable temporary differences or tax timing differences.
Non-current operating lease liabilities
There is a gradual decline in non-current operating lease liabilities, reflecting either lease terminations or reclassifications to current liabilities as leases approach maturity.
Other liabilities
Other long-term liabilities vary substantially with noticeable increases around 2022, followed by gradual declines. This variability suggests changes in miscellaneous obligations or contingent liabilities.
Long-term liabilities
Long-term liabilities remain relatively stable with small fluctuations. A slight downward trend is observed from 2022 onward, consistent with the reduction in long-term debt and lease liabilities.
Total liabilities
Total liabilities rise through 2021, reaching a peak in late 2021 and early 2022, then fluctuate modestly but remain at elevated levels. The stability around these high levels indicates sustained leverage and large obligation balances.
Shareholders' equity components
Equity attributable to the company steadily increases from 2020 through 2023, followed by a dip in early 2024 and a subsequent recovery by mid-2025. The retained earnings component largely drives this trend, showing continuous growth except for a notable decrease in early 2024. Accumulated other comprehensive income (loss) remains negative, increasing in magnitude intermittently, implying persistent unrealized losses or adverse valuation adjustments. Treasury stock balances slightly decline over time, hinting at occasional share repurchases or changes in treasury holdings.
Total equity
Total equity trends upward consistent with retained earnings and paid-in capital increases, with minor fluctuations attributed to noncontrolling interests. The increase in equity levels supports the company’s ability to build shareholders' value over time despite some interim variability.
Total liabilities and equity
The sum of liabilities and equity exhibits steady growth, reflecting expansion in the company’s overall financial size and balance sheet resources. Minor declines in certain quarters suggest temporary adjustments but the overall direction is upward, demonstrating asset growth funded by a mix of liabilities and equity.