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: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 2,594 | 2,745 |
| Accounts receivable, net of allowances of $733 and $765 | 25,429 | 25,102 |
| Inventories | 1,422 | 1,336 |
| Prepaid expenses and other | 8,028 | 5,453 |
| Total current assets | 37,473 | 34,636 |
| Property, plant and equipment | 265,734 | 252,835 |
| Less accumulated depreciation | 173,819 | 163,549 |
| Property, plant and equipment, net | 91,915 | 89,286 |
| Investments in unconsolidated businesses | 558 | 671 |
| Wireless licenses | 95,059 | 94,130 |
| Goodwill | 24,389 | 24,614 |
| Other intangible assets, net | 9,498 | 9,775 |
| Operating lease right-of-use assets | 22,694 | 23,241 |
| Other assets | 10,141 | 11,717 |
| Total assets | 291,727 | 264,829 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Debt maturing within one year | 10,777 | 7,190 |
| Accounts payable and accrued liabilities | 21,806 | 22,501 |
| Current operating lease liabilities | 3,261 | 2,931 |
| Other current liabilities | 9,024 | 8,239 |
| Total current liabilities | 44,868 | 37,930 |
| Long-term debt | 100,712 | 105,873 |
| Employee benefit obligations | 17,952 | 18,599 |
| Deferred income taxes | 34,703 | 33,795 |
| Non-current operating lease liabilities | 18,393 | 19,203 |
| Other liabilities | 12,264 | 13,922 |
| Total long-term liabilities | 184,024 | 172,189 |
| Commitments and Contingencies (Note 16) | ||
| Equity | ||
| Series preferred stock ($0.10 par value; 250,000,000 shares authorized; none issued) | 0 | 0 |
| Common stock ($0.10 par value; 6,250,000,000 shares authorized in each period; 4,291,433,646 issued in each period) | 429 | 429 |
| Additional paid in capital | 13,419 | 13,437 |
| Retained earnings | 53,147 | 43,542 |
| Accumulated other comprehensive income | 998 | 2,370 |
| Common stock in treasury, at cost (155,605,527 and 159,400,267 shares outstanding) | (6,820) | (6,986) |
| Deferred compensation employee stock ownership plans and other | 222 | 353 |
| Noncontrolling interests | 1,440 | 1,565 |
| Total equity | 62,835 | 54,710 |
| Total liabilities and equity | 291,727 | 264,829 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2019 | |
| 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 |