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: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 22,171 | 2,594 |
| Accounts receivable | 25,169 | 26,162 |
| Less Allowance for credit losses | 1,252 | 0 |
| Less Allowance for doubtful accounts | 0 | 733 |
| Accounts receivable, net (Note 1) | 23,917 | 25,429 |
| Inventories | 1,796 | 1,422 |
| Prepaid expenses and other | 6,710 | 8,028 |
| Total current assets | 54,594 | 37,473 |
| Property, plant and equipment | 279,737 | 265,734 |
| Less Accumulated depreciation | 184,904 | 173,819 |
| Property, plant and equipment, net | 94,833 | 91,915 |
| Investments in unconsolidated businesses | 589 | 558 |
| Wireless licenses | 96,097 | 95,059 |
| Goodwill | 24,773 | 24,389 |
| Other intangible assets, net | 9,413 | 9,498 |
| Operating lease right-of-use assets | 22,531 | 22,694 |
| Other assets | 13,651 | 10,141 |
| Total assets | 316,481 | 291,727 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Debt maturing within one year | 5,889 | 10,777 |
| Accounts payable and accrued liabilities | 20,658 | 21,806 |
| Current operating lease liabilities | 3,485 | 3,261 |
| Other current liabilities | 9,628 | 9,024 |
| Total current liabilities | 39,660 | 44,868 |
| Long-term debt | 123,173 | 100,712 |
| Employee benefit obligations | 18,657 | 17,952 |
| Deferred income taxes | 35,711 | 34,703 |
| Non-current operating lease liabilities | 18,000 | 18,393 |
| Other liabilities | 12,008 | 12,264 |
| Total long-term liabilities | 207,549 | 184,024 |
| 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 shares issued in each period) | 429 | 429 |
| Additional paid in capital | 13,404 | 13,419 |
| Retained earnings | 60,464 | 53,147 |
| Accumulated other comprehensive income (loss) | (71) | 998 |
| Common stock in treasury, at cost (153,304,088 and 155,605,527 shares outstanding) | (6,719) | (6,820) |
| Deferred compensation employee stock ownership plans and other | 335 | 222 |
| Noncontrolling interests | 1,430 | 1,440 |
| Total equity | 69,272 | 62,835 |
| Total liabilities and equity | 316,481 | 291,727 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2020 | |
| 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 |