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: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 2,921 | 22,171 |
| Accounts receivable | 24,742 | 25,169 |
| Less Allowance for credit losses | 896 | 1,252 |
| Accounts receivable, net | 23,846 | 23,917 |
| Inventories | 3,055 | 1,796 |
| Prepaid expenses and other | 6,906 | 6,710 |
| Total current assets | 36,728 | 54,594 |
| Property, plant and equipment | 289,897 | 279,737 |
| Less Accumulated depreciation | 190,201 | 184,904 |
| Property, plant and equipment, net | 99,696 | 94,833 |
| Investments in unconsolidated businesses | 1,061 | 589 |
| Wireless licenses | 147,619 | 96,097 |
| Deposits for wireless licenses | 0 | 2,772 |
| Goodwill | 28,603 | 24,773 |
| Other intangible assets, net | 11,677 | 9,413 |
| Operating lease right-of-use assets | 27,883 | 22,531 |
| Other assets | 13,329 | 10,879 |
| Total assets | 366,596 | 316,481 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Debt maturing within one year | 7,443 | 5,889 |
| Accounts payable and accrued liabilities | 24,833 | 20,658 |
| Current operating lease liabilities | 3,859 | 3,485 |
| Other current liabilities | 11,025 | 9,628 |
| Total current liabilities | 47,160 | 39,660 |
| Long-term debt | 143,425 | 123,173 |
| Employee benefit obligations | 15,410 | 18,657 |
| Deferred income taxes | 40,685 | 35,711 |
| Non-current operating lease liabilities | 23,203 | 18,000 |
| Other liabilities | 13,513 | 12,008 |
| Total long-term liabilities | 236,236 | 207,549 |
| 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 | 13,861 | 13,404 |
| Retained earnings | 71,993 | 60,464 |
| Accumulated other comprehensive loss | (927) | (71) |
| Common stock in treasury, at cost (93,634,725 and 153,304,088 shares outstanding) | (4,104) | (6,719) |
| Deferred compensation employee stock ownership plans (ESOPs) and other | 538 | 335 |
| Noncontrolling interests | 1,410 | 1,430 |
| Total equity | 83,200 | 69,272 |
| Total liabilities and equity | 366,596 | 316,481 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2021 | |
| 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 |