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VZ
VERIZON COMMUNICATIONS INCTelecom & Utilitiesanswer key
| field | SEC value | XBRL concept | printed on |
|---|---|---|---|
| Total revenue | $138.2B | Revenues | Total Operating Revenues |
| Operating income | $29.3B | OperatingIncomeLoss | Operating Income |
| Net income attributable to the company | $17.2B | NetIncomeLoss | Net income attributable to Verizon |
| Diluted EPS | $4.06 | EarningsPerShareDiluted | Net income attributable to Verizon · Net income attributable to Verizon |
| Cash and cash equivalents | $19.0B | CashAndCashEquivalentsAtCarryingValue | Cash and cash equivalents |
| Total assets | $404.3B | Assets | Total assets · Total liabilities and equity |
| Total liabilities | - | not reported | not in this filing's XBRL |
| Total shareholders' equity attributable to the company | - | not reported | not in this filing's XBRL |
| Net cash from operating activities | $37.1B | NetCashProvidedByUsedInOperatingActivities | Net cash provided by operating activities |
| Net cash from investing activities | -$16.7B | NetCashProvidedByUsedInInvestingActivities | Net cash used in investing activities |
| Net cash from financing activities | -$5.6B | NetCashProvidedByUsedInFinancingActivities | Net cash used in financing activities |
Income statement
table #77 · score 41 vs 28 runner-up · in millions| (dollars in millions, except per share amounts) | |||
| Years Ended December 31, | 2025 | 2024 | 2023 |
| Operating Revenues | |||
| Service revenues and other | 112,721 | 111,571 | 109,652 |
| Wireless equipment revenues | 25,470 | 23,217 | 24,322 |
| Total Operating Revenues | 138,191 | 134,788 | 133,974 |
| Operating Expenses | |||
| Cost of services (exclusive of items shown below) | 27,789 | 27,997 | 28,100 |
| Cost of wireless equipment | 28,976 | 26,100 | 26,787 |
| Selling, general and administrative expense | 33,818 | 34,113 | 32,745 |
| Depreciation and amortization expense | 18,349 | 17,892 | 17,624 |
| Verizon Business Group goodwill impairment | - | - | 5,841 |
| Total Operating Expenses | 108,932 | 106,102 | 111,097 |
| Operating Income | 29,259 | 28,686 | 22,877 |
| Equity in earnings (losses) of unconsolidated businesses | - | (53) | (53) |
| Other income (expense), net | 107 | 995 | (313) |
| Interest expense | (6,694) | (6,649) | (5,524) |
| Income Before Provision For Income Taxes | 22,672 | 22,979 | 16,987 |
| Provision for income taxes | (5,064) | (5,030) | (4,892) |
| Net Income | 17,608 | 17,949 | 12,095 |
| Net income attributable to noncontrolling interests | 434 | 443 | 481 |
| Net income attributable to Verizon | 17,174 | 17,506 | 11,614 |
| Net Income | 17,608 | 17,949 | 12,095 |
| Basic Earnings Per Common Share | |||
| Net income attributable to Verizon | 4.06 | 4.15 | 2.76 |
| Weighted-average shares outstanding (in millions) | 4,226 | 4,218 | 4,211 |
| Diluted Earnings Per Common Share | |||
| Net income attributable to Verizon | 4.06 | 4.14 | 2.75 |
| Weighted-average shares outstanding (in millions) | 4,231 | 4,223 | 4,215 |
Balance sheet
table #81 · score 54.5 vs 20.8 runner-up · in millions| (dollars in millions, except per share amounts) | ||
| At December 31, | 2025 | 2024 |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | 19,048 | 4,194 |
| Accounts receivable | 28,347 | 27,261 |
| Less Allowance for credit losses | 1,250 | 1,152 |
| Accounts receivable, net | 27,097 | 26,109 |
| Inventories | 2,441 | 2,247 |
| Prepaid expenses and other | 8,336 | 7,973 |
| Total current assets | 56,922 | 40,523 |
| Property, plant and equipment | 337,991 | 331,406 |
| Less Accumulated depreciation | 228,524 | 222,884 |
| Property, plant and equipment, net | 109,467 | 108,522 |
| Investments in unconsolidated businesses | 785 | 842 |
| Wireless licenses | 157,039 | 156,613 |
| Goodwill | 22,841 | 22,841 |
| Other intangible assets, net | 10,458 | 11,129 |
| Operating lease right-of-use assets | 23,498 | 24,472 |
| Other assets | 23,248 | 19,769 |
| Total assets | 404,258 | 384,711 |
| Liabilities and Equity | ||
| Current liabilities | ||
| Debt maturing within one year | 18,618 | 22,633 |
| Accounts payable and accrued liabilities | 24,981 | 23,374 |
| Current operating lease liabilities | 4,542 | 4,415 |
| Other current liabilities | 14,229 | 14,349 |
| Total current liabilities | 62,370 | 64,771 |
| Long-term debt | 139,532 | 121,381 |
| Employee benefit obligations | 11,099 | 11,997 |
| Deferred income taxes | 48,717 | 46,732 |
| Non-current operating lease liabilities | 18,951 | 19,928 |
| Other liabilities | 17,848 | 19,327 |
| Total long-term liabilities | 236,147 | 219,365 |
| Commitments and Contingencies (Note 16) | ||
| Equity | ||
| Series preferred stock ($0.10 par value; 250,000,000 shares authorized; none issued) | - | - |
| 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 | 13,372 | 13,466 |
| Retained earnings | 94,744 | 89,110 |
| Accumulated other comprehensive loss | (1,727) | (923) |
| Common stock in treasury, at cost (74,258,296 and 81,753,488 shares outstanding) | (3,255) | (3,583) |
| Deferred compensation - employee stock ownership plans (ESOPs) and other | 897 | 738 |
| Noncontrolling interests | 1,281 | 1,338 |
| Total equity | 105,741 | 100,575 |
| Total liabilities and equity | 404,258 | 384,711 |
Cash flow statement
table #83 · score 52.3 vs 20.8 runner-up · in millions| (dollars in millions) | |||
| Years Ended December 31, | 2025 | 2024 | 2023 |
| Cash Flows from Operating Activities | |||
| Net Income | 17,608 | 17,949 | 12,095 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 18,349 | 17,892 | 17,624 |
| Employee retirement benefits | 1,025 | (52) | 1,206 |
| Deferred income taxes | 2,340 | 815 | 2,388 |
| Provision for expected credit losses | 2,349 | 2,338 | 2,214 |
| Equity in losses of unconsolidated businesses, inclusive of dividends received | 42 | 75 | 84 |
| Verizon Business Group goodwill impairment | - | - | 5,841 |
| Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses: | |||
| Accounts receivable | (2,513) | (2,565) | (2,198) |
| Inventories | (232) | (196) | 287 |
| Prepaid expenses and other | (1,394) | (626) | (435) |
| Accounts payable and accrued liabilities and Other current liabilities | 1,819 | 1,109 | 2,079 |
| Other, net | (2,256) | 173 | (3,710) |
| Net cash provided by operating activities | 37,137 | 36,912 | 37,475 |
| Cash Flows from Investing Activities | |||
| Capital expenditures (including capitalized software) | (17,011) | (17,090) | (18,767) |
| Cash paid related to acquisitions of businesses, net of cash acquired | - | - | (30) |
| Acquisitions of wireless licenses | (450) | (900) | (5,796) |
| Other, net | 801 | (684) | 1,161 |
| Net cash used in investing activities | (16,660) | (18,674) | (23,432) |
| Cash Flows from Financing Activities | |||
| Proceeds from long-term borrowings | 18,268 | 3,146 | 2,018 |
| Proceeds from asset-backed long-term borrowings | 9,338 | 12,422 | 6,594 |
| Repayments of long-term borrowings and finance lease obligations | (11,352) | (11,854) | (6,181) |
| Repayments of asset-backed long-term borrowings | (8,437) | (8,490) | (4,443) |
| Dividends paid | (11,481) | (11,249) | (11,025) |
| Other, net | (1,949) | (1,075) | (1,620) |
| Net cash used in financing activities | (5,613) | (17,100) | (14,657) |
| Increase (decrease) in cash, cash equivalents and restricted cash | 14,864 | 1,138 | (614) |
| Cash, cash equivalents and restricted cash, beginning of period | 4,635 | 3,497 | 4,111 |
| Cash, cash equivalents and restricted cash, end of period (Note 1) | 19,499 | 4,635 | 3,497 |