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: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 2,605 | 2,921 |
| Accounts receivable | 25,332 | 24,742 |
| Less Allowance for credit losses | 826 | 896 |
| Accounts receivable, net | 24,506 | 23,846 |
| Inventories | 2,388 | 3,055 |
| Prepaid expenses and other | 8,358 | 6,906 |
| Total current assets | 37,857 | 36,728 |
| Property, plant and equipment | 307,689 | 289,897 |
| Less Accumulated depreciation | 200,255 | 190,201 |
| Property, plant and equipment, net | 107,434 | 99,696 |
| Investments in unconsolidated businesses | 1,071 | 1,061 |
| Wireless licenses | 149,796 | 147,619 |
| Goodwill | 28,671 | 28,603 |
| Other intangible assets, net | 11,461 | 11,677 |
| Operating lease right-of-use assets | 26,130 | 27,883 |
| Other assets | 17,260 | 13,329 |
| Total assets | 379,680 | 366,596 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Debt maturing within one year | 9,963 | 7,443 |
| Accounts payable and accrued liabilities | 23,977 | 24,833 |
| Current operating lease liabilities | 4,134 | 3,859 |
| Other current liabilities | 12,097 | 11,025 |
| Total current liabilities | 50,171 | 47,160 |
| Long-term debt | 140,676 | 143,425 |
| Employee benefit obligations | 12,974 | 15,410 |
| Deferred income taxes | 43,441 | 40,685 |
| Non-current operating lease liabilities | 21,558 | 23,203 |
| Other liabilities | 18,397 | 13,513 |
| Total long-term liabilities | 237,046 | 236,236 |
| Commitments and Contingencies | ||
| 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 | 13,420 | 13,861 |
| Retained earnings | 82,380 | 71,993 |
| Accumulated other comprehensive loss | (1,865) | (927) |
| Common stock in treasury, at cost (91,572,258 and 93,634,725 shares outstanding) | (4,013) | (4,104) |
| Deferred compensation employee stock ownership plans (ESOPs) and other | 793 | 538 |
| Noncontrolling interests | 1,319 | 1,410 |
| Total equity | 92,463 | 83,200 |
| Total liabilities and equity | 379,680 | 366,596 |
| External Links | |
| VERIZON COMMUNICATIONS INC (VZ) Fiscal Year 2022 | |
| 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 |