10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
VERIZON COMMUNICATIONS INC | ||
Ticker: VZ Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 2,079 | 2,880 |
| Accounts receivable, net of allowances of $939 and $845 | 23,493 | 17,513 |
| Inventories | 1,034 | 1,202 |
| Assets held for sale | 0 | 882 |
| Prepaid expenses and other | 3,307 | 3,918 |
| Total current assets | 29,913 | 26,395 |
| Property, plant and equipment | 246,498 | 232,215 |
| Less accumulated depreciation | 157,930 | 147,464 |
| Property, plant and equipment, net | 88,568 | 84,751 |
| Investments in unconsolidated businesses | 1,039 | 1,110 |
| Wireless licenses | 88,417 | 86,673 |
| Goodwill | 29,172 | 27,205 |
| Other intangible assets, net | 10,247 | 8,897 |
| Non-current assets held for sale | 0 | 613 |
| Other assets | 9,787 | 8,536 |
| Total assets | 257,143 | 244,180 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Debt maturing within one year | 3,453 | 2,645 |
| Accounts payable and accrued liabilities | 21,232 | 19,593 |
| Other | 8,352 | 8,102 |
| Total current liabilities | 33,037 | 30,340 |
| Long-term debt | 113,642 | 105,433 |
| Employee benefit obligations | 22,112 | 26,166 |
| Deferred income taxes | 31,232 | 45,964 |
| Other liabilities | 12,433 | 12,245 |
| Total long-term liabilities | 179,419 | 189,808 |
| Commitments and Contingencies (Note 15) | ||
| Equity | ||
| Series preferred stock ($.10 par value; 250,000,000 shares authorized; none issued) | 0 | 0 |
| Common stock ($.10 par value; 6,250,000,000 shares authorized in each period; 4,242,374,240 shares issued in each period) | 424 | 424 |
| Additional paid in capital | 11,101 | 11,182 |
| Retained earnings | 35,635 | 15,059 |
| Accumulated other comprehensive income | 2,659 | 2,673 |
| Common stock in treasury, at cost (162,897,868 and 165,689,589 shares outstanding) | (7,139) | (7,263) |
| Deferred compensation employee stock ownership plans and other | 416 | 449 |
| Noncontrolling interests | 1,591 | 1,508 |
| Total equity | 44,687 | 24,032 |
| Total liabilities and equity | 257,143 | 244,180 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2017 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |