Verizon Communications Inc. (VZ) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 44.72B | 56.92B | 44.01B | 38.85B | 37.35B | 40.52B | 40.64B | 38.06B | 37.96B | 36.81B | 38.12B | 37.39B | 35.72B | 37.86B | 39.75B | 37.5B | 35.58B | 36.73B | 40.28B | 35.63B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 8.37B | 19.05B | 7.71B | 3.44B | 2.26B | 4.19B | 4.99B | 2.43B | 2.37B | 2.06B | 4.21B | 4.8B | 2.23B | 2.6B | 2.08B | 1.86B | 1.66B | 2.92B | 9.94B | 4.66B |
| Short-Term Investments | 0 | 0 | 0 | 27M | 26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 71.87 | 68.61 | 70.99 | 70.3 | 71.42 | 67.12 | 71.16 | 70.65 | 69.54 | 63.75 | 64.56 | 64.27 | 64.76 | 62.87 | 63.92 | 64 | 63.65 | 62.17 | 60.73 | 59.96 |
| Inventory | 2.32B | 2.44B | 2.7B | 2.14B | 2.2B | 2.25B | 2.52B | 1.84B | 2.08B | 2.06B | 2.24B | 1.9B | 2.38B | 2.39B | 3.13B | 3.65B | 3.66B | 3.06B | 2.3B | 1.42B |
| Days Inventory Outstanding | 15.67 | 33.32 | 12.39 | 10.65 | 11.34 | 10.96 | 11.34 | 10.51 | 10.86 | 10.03 | 10.65 | 11.37 | 12.04 | 12.71 | 16.48 | 17.74 | 16.26 | 12.94 | 9.79 | 6.78 |
| Other Current Assets | 0 | 7.09B | 0 | 6.97B | -1.17B | 5.04B | 7.18B | 8.18B | 8.2B | 5.65B | 8.07B | 7.5B | 8.25B | 5.91B | 0 | 0 | 0 | 5.79B | 0 | 0 |
| Total Non-Current Assets | 373.16B | 347.34B | 344.32B | 344.44B | 343.01B | 344.19B | 340.52B | 341.09B | 342.2B | 343.44B | 346.71B | 342.57B | 341.99B | 341.82B | 335.34B | 332.65B | 330.14B | 329.87B | 313.18B | 313.56B |
| Property, Plant & Equipment | 125.97B | 361.49B | 108.47B | 132.02B | 107.92B | 132.99B | 131.14B | 131.95B | 132.21B | 133.04B | 132.58B | 132.62B | 132.93B | 133.56B | 129.59B | 128.41B | 127.34B | 127.58B | 123.72B | 122.38B |
| Fixed Asset Turnover | 0.14x | 0.15x | 0.28x | 0.29x | 0.28x | 0.27x | 0.25x | 0.25x | 0.25x | 0.26x | 0.25x | 0.25x | 0.25x | 0.27x | 0.27x | 0.26x | 0.26x | 0.27x | 0.27x | 0.28x |
| Goodwill | 30.63B | 22.84B | 22.84B | 22.84B | 22.84B | 22.84B | 22.84B | 22.84B | 22.84B | 22.84B | 28.64B | 28.65B | 28.67B | 28.67B | 28.55B | 28.64B | 28.63B | 28.6B | 24.89B | 24.91B |
| Intangible Assets | 169.88B | 10.46B | 10.52B | 10.63B | 167.57B | 167.74B | 167.16B | 166.97B | 166.95B | 166.72B | 166.42B | 162.43B | 161.73B | 161.26B | 160.49B | 160.01B | 159.51B | 159.3B | 152.79B | 150.95B |
| Long-Term Investments | 730M | 785M | 799M | 15.48B | 13.09B | 842M | 867M | 908M | 941M | 953M | 929M | 1.01B | 1.05B | 1.07B | 1.08B | 1.11B | 1.07B | 1.06B | 1.1B | 560M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 417.88B | 404.26B | 388.33B | 383.29B | 380.36B | 384.71B | 381.16B | 379.15B | 380.16B | 380.25B | 384.83B | 379.95B | 377.72B | 379.68B | 375.09B | 370.15B | 365.72B | 366.6B | 353.46B | 349.19B |
| Asset Turnover | 0.08x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.10x |
| Asset Growth % | 9.86% | 5.08% | 1.88% | 1.09% | 0.05% | 1.17% | -0.95% | -0.21% | 0.65% | 0.15% | 2.6% | 2.65% | 3.28% | 3.57% | 6.12% | 6% | 5.83% | 15.84% | 19.01% | 19.07% |
| Total Current Liabilities | 69.88B | 62.37B | 59.56B | 60.95B | 61.07B | 64.77B | 61.82B | 60.81B | 53.63B | 53.22B | 55.68B | 51.4B | 47.77B | 50.17B | 53.14B | 49.22B | 46.59B | 47.16B | 41.36B | 40.08B |
| Accounts Payable | 21.93B | 24.98B | 20.7B | 19.88B | 19.41B | 10.43B | 22.22B | 19.73B | 20.14B | 10.02B | 26.14B | 20.07B | 19.27B | 8.75B | 22.23B | 20.96B | 18.17B | 8.04B | 20.15B | 17.33B |
| Days Payables Outstanding | 154.4 | 296.04 | 103.91 | 96.54 | 76.15 | 75.01 | 109.03 | 106.99 | 79.24 | 84.45 | 118.96 | 104.54 | 70.76 | 71.34 | 104.98 | 94.99 | 63.46 | 68.09 | 98.58 | 86.01 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 15B | 14.23B | 14.22B | 14.27B | 6.8B | 3.98B | 13.52B | 13.58B | 13.62B | 2.75B | 12.68B | 12.3B | 12.24B | 2.75B | 11.95B | 11.48B | 11.15B | 2.26B | 9.98B | 11.85B |
| Current Ratio | 0.64x | 0.91x | 0.74x | 0.64x | 0.61x | 0.63x | 0.66x | 0.63x | 0.71x | 0.69x | 0.68x | 0.73x | 0.75x | 0.75x | 0.75x | 0.76x | 0.76x | 0.78x | 0.97x | 0.89x |
| Quick Ratio | 0.61x | 0.87x | 0.69x | 0.60x | 0.58x | 0.59x | 0.62x | 0.60x | 0.67x | 0.65x | 0.64x | 0.69x | 0.70x | 0.71x | 0.69x | 0.69x | 0.69x | 0.71x | 0.92x | 0.85x |
| Cash Conversion Cycle | -66.86 | -194.11 | -20.54 | -15.59 | 6.61 | 3.07 | -26.53 | -25.82 | 1.15 | -10.66 | -43.75 | -28.9 | 6.04 | 4.24 | -24.59 | -13.26 | 16.45 | 7.02 | -28.06 | -19.27 |
| Total Non-Current Liabilities | 243.38B | 236.15B | 222.42B | 217.97B | 217.26B | 219.37B | 221.68B | 220.8B | 230.8B | 233.23B | 230.06B | 232.05B | 235.73B | 237.05B | 233.17B | 233.57B | 233.96B | 236.24B | 233.61B | 234B |
| Long-Term Debt | 144.23B | 158.48B | 126.63B | 123.93B | 121.02B | 121.38B | 128.88B | 126.02B | 136.1B | 137.7B | 134.44B | 137.87B | 140.77B | 140.68B | 132.91B | 136.18B | 139.96B | 143.43B | 143.35B | 144.89B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 313.26B | 298.52B | 281.99B | 278.92B | 278.33B | 284.14B | 283.5B | 281.61B | 284.43B | 286.46B | 285.74B | 283.45B | 283.5B | 287.22B | 286.31B | 282.79B | 280.54B | 283.4B | 274.97B | 274.08B |
| Total Debt | 195.87B | 200.59B | 170.45B | 169.89B | 167.71B | 168.36B | 174.2B | 172.98B | 175.63B | 174.94B | 172.07B | 177.65B | 178.33B | 176.33B | 174.04B | 175.57B | 180.16B | 177.93B | 178.09B | 179.16B |
| Net Debt | 187.51B | 181.55B | 162.75B | 166.46B | 165.46B | 164.16B | 169.21B | 170.55B | 173.27B | 172.88B | 167.86B | 172.85B | 176.1B | 173.73B | 171.96B | 173.71B | 178.5B | 175.01B | 168.15B | 174.5B |
| Debt / Equity | 1.87x | 1.90x | 1.60x | 1.63x | 1.64x | 1.67x | 1.78x | 1.77x | 1.83x | 1.87x | 1.74x | 1.84x | 1.89x | 1.91x | 1.96x | 2.01x | 2.12x | 2.14x | 2.27x | 2.39x |
| Debt / EBITDA | 14.91x | 21.06x | 13.40x | 13.27x | 13.36x | 14.12x | 14.16x | 14.06x | 14.55x | 15.97x | 14.32x | 15.04x | 14.98x | 15.41x | 14.24x | 14.79x | 14.97x | 15.26x | 14.52x | 14.70x |
| Net Debt / EBITDA | 14.28x | 19.06x | 12.79x | 13.00x | 13.18x | 13.76x | 13.75x | 13.86x | 14.35x | 15.78x | 13.97x | 14.63x | 14.80x | 15.18x | 14.07x | 14.63x | 14.84x | 15.01x | 13.71x | 14.32x |
| Interest Coverage | 4.50x | 2.74x | 4.92x | 5.03x | 4.97x | 4.99x | 3.58x | 4.55x | 4.71x | -0.14x | 5.32x | 5.76x | 6.39x | 8.97x | 7.96x | 9.74x | 8.74x | 9.31x | 11.45x | 10.27x |
| Total Equity | 104.62B | 105.74B | 106.34B | 104.36B | 102.04B | 100.58B | 97.67B | 97.54B | 95.73B | 93.8B | 99.09B | 96.5B | 94.22B | 92.46B | 88.78B | 87.36B | 85.17B | 83.2B | 78.49B | 75.11B |
| Equity Growth % | 2.53% | 5.14% | 8.88% | 6.99% | 6.59% | 7.22% | -1.43% | 1.07% | 1.6% | 1.44% | 11.61% | 10.47% | 10.62% | 11.13% | 13.12% | 16.3% | 17.19% | 20.11% | 17.98% | 17.16% |
| Book Value per Share | 24.85 | 25.00 | 25.12 | 24.68 | 24.15 | 23.82 | 23.12 | 23.11 | 22.69 | 22.26 | 23.50 | 22.91 | 22.37 | 21.98 | 21.12 | 20.79 | 20.27 | 19.96 | 18.94 | 18.13 |
| Total Shareholders' Equity | 103.31B | 104.46B | 105.04B | 103.06B | 100.72B | 99.24B | 96.33B | 96.17B | 94.33B | 92.43B | 97.74B | 95.19B | 92.88B | 91.14B | 87.47B | 86.02B | 83.76B | 81.79B | 77.04B | 73.68B |
| Common Stock | 429M | 429M | 429M | 429M | 429M | 429M | 429M | 429M | 429M | 429M | 429M | 429M | 429M | 429M | 429M | 429M | 429M | 429M | 429M | 429M |
| Retained Earnings | 96.82B | 94.74B | 95.32B | 93.28B | 91.13B | 89.11B | 86.96B | 86.5B | 84.71B | 82.92B | 88.42B | 86.45B | 84.54B | 82.38B | 78.55B | 76.4B | 73.89B | 71.99B | 70.06B | 66.31B |
| Treasury Stock | -5.33B | -3.25B | -3.29B | -3.29B | -3.29B | -3.58B | -3.58B | -3.59B | -3.6B | -3.82B | -3.83B | -3.83B | -3.83B | -4.01B | -4.01B | -4.02B | -4.02B | -4.1B | -6.63B | -6.63B |
| Accumulated OCI | -2.37B | -1.73B | -1.65B | -1.48B | -1.49B | -923M | -1.67B | -1.29B | -1.2B | -1.38B | -1.43B | -1.92B | -2.18B | -1.86B | -1.7B | -1.32B | -906M | -927M | -709M | -234M |
| Minority Interest | 1.31B | 1.28B | 1.3B | 1.3B | 1.31B | 1.34B | 1.34B | 1.37B | 1.39B | 1.37B | 1.35B | 1.31B | 1.34B | 1.32B | 1.31B | 1.34B | 1.41B | 1.41B | 1.45B | 1.43B |