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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- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Aggregate Accruals
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Verizon Communications Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 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 displayed fluctuations, initially declining from $11,175 million in Q1 2020 to a low of $5,770 million in Q3 2020, then increasing substantially to a peak above $22,000 million by late 2024 and early 2025. This indicates variable refinancing or repayment activity over the periods.
- Accounts payable and accrued liabilities
- These liabilities showed moderate volatility, with values generally ranging between $17,000 million and $26,000 million. A notable peak near $26,140 million in Q3 2023 was followed by a decline toward $19,413 million by Q1 2025, indicating changing supplier payment patterns or accrued expenses.
- Current operating lease liabilities
- Current lease liabilities remained fairly stable, oscillating between $3,300 million and $4,700 million, with a slight increasing trend toward the end of the period, suggesting ongoing lease commitments without major expansion or contraction.
- Other current liabilities
- This category exhibited a gradual increase from around $9,132 million in early 2020 to approximately $14,338 million by Q1 2025, indicating incremental increases in miscellaneous current obligations.
- Current liabilities
- Total current liabilities rose overall, starting near $41,057 million in Q1 2020 and reaching a maximum near $64,771 million in Q4 2024 before slightly declining toward $61,066 million by Q1 2025. The upward trajectory reflects increasing operational or financial short-term obligations.
- Long-term debt, excluding maturing within one year
- Long-term debt displayed a peak of approximately $149,700 million in Q1 2021, followed by a gradual decline to roughly $121,000 million by early 2025. This downward trend may indicate debt repayments or refinancing activities.
- Employee benefit obligations
- These liabilities generally decreased from $17,617 million in early 2020 to around $11,793 million by Q1 2025, showing a reduction in employee-related long-term obligations, possibly due to benefit plan changes or funding strategies.
- Deferred income taxes
- Deferred income taxes showed a general gradual increase, from about $33,709 million in Q1 2020 to $46,643 million by early 2025, indicating growing temporary differences favorable to future tax obligations.
- Non-current operating lease liabilities
- This liability remained relatively stable, beginning near $18,117 million in early 2020 and declining slightly to about $19,379 million by Q1 2025 after some fluctuation, reflecting steady long-term lease commitments.
- Other liabilities
- Other liabilities increased from $15,786 million in Q1 2020 to a peak of almost $19,327 million in late 2024, with some volatility, suggesting rising miscellaneous long-term obligations.
- Long-term liabilities
- Long-term liabilities remained in the range of $190,000 million to $234,000 million, peaking in early 2021 and trending downward towards $217,261 million by Q1 2025. This decline suggests debt repayments and other liability reductions over time.
- Total liabilities
- Total liabilities grew from around $232,847 million in Q1 2020 to a maximum near $287,217 million in late 2022 and early 2023, before gradually decreasing to approximately $278,327 million by Q1 2025, reflecting overall liability management and restructuring activity.
- Common stock and paid-in capital
- Common stock value remained constant at $429 million, while additional paid-in capital remained stable near $13,400 million with minor fluctuations, showing consistency in capital contributions from shareholders.
- Retained earnings
- Retained earnings consistently increased from approximately $54,557 million in early 2020 to over $91,128 million by Q1 2025, demonstrating ongoing profitability and earnings retention.
- Accumulated other comprehensive income (loss)
- This item showed fluctuating negative balances, with an improving trend from a loss of $1,502 million in early 2020 to less severe losses near $923 million in late 2024, followed by a slight worsening to $1,489 million by Q1 2025.
- Common stock in treasury
- Treasury stock showed a decreasing negative balance from -$6,725 million in early 2020 to around -$3,295 million by Q1 2025, suggesting treasury stock retirement or buyback activities.
- Deferred compensation and ESOPs
- Values in this category fluctuated with an increasing tendency, rising from $149 million in early 2020 to around $738 million in late 2024 before slightly declining to $534 million by Q1 2025, indicating adjustments in employee compensation plans.
- Equity attributable to Verizon
- Equity increased steadily from approximately $60,210 million in Q1 2020 to exceed $100,000 million by Q1 2025, reflecting accumulated earnings and shareholder investments, despite some short-term fluctuations.
- Noncontrolling interests
- Noncontrolling interests remained fairly stable, ranging mostly between $1,300 million and $1,450 million through the entire period.
- Total equity
- Total equity showed an upward trend from about $61,653 million in early 2020 to over $102,000 million by early 2025, indicating overall growth in the company’s net assets attributable to all equity holders.
- Total liabilities and equity
- The aggregate of liabilities and equity increased from approximately $294,500 million in early 2020 to a peak of around $384,700 million by late 2024, then slightly decreased to about $380,300 million in early 2025, reflecting overall growth in the balance sheet size followed by stabilization.