VZ

VERIZON COMMUNICATIONS INCeval run

10-K for period ending 2025-12-31gpt-6-luna@none · prompt v4$0.00084.7sfiling on sec.gov ↗

figures

field	value	statement row	printed	SEC
Total revenue	$138.2B	R5 Total Operating Revenues	138,191 millions	$138.2B ✓
Operating income	$29.3B	R13 Operating Income	29,259 millions	$29.3B ✓
Net income attributable to the company	$17.2B	R21 Net income attributable to Verizon	17,174 millions	$17.2B ✓
Diluted EPS	$4.06	R27 Net income attributable to Verizon	4.06	$4.06 ✓
Cash and cash equivalents	$19.0B	R4 Cash and cash equivalents	19,048 millions	$19.0B ✓
Total assets	$404.3B	R20 Total assets	404,258 millions	$404.3B ✓
Total liabilities	-	not printed on this statement	-	-
Total shareholders' equity attributable to the company	$105.7B	R44 Total equity	105,741 millions	-
Net cash from operating activities	$37.1B	R17 Net cash provided by operating activities	37,137 millions	$37.1B ✓
Net cash from investing activities	-$16.7B	R23 Net cash used in investing activities	(16,660) millions	-$16.7B ✓
Net cash from financing activities	-$5.6B	R31 Net cash used in financing activities	(5,613) millions	-$5.6B ✓

checks

assets = liabilities + equity · total assets equals total liabilities and equity
equity excludes minority interests · totalEquity excludes noncontrolling interests
net income is before preferred dividends · net income is not the after-preferred-dividends line
diluted EPS is for total net income · diluted EPS is for total net income
net income excludes minority interests · netIncome excludes noncontrolling interests
cash flows tie to the change in cash · not applicable: missing a section total or no net change in cash line

management's claims

Found 2 claims, none about a company-wide figure the statements can confirm.

trace

0locator (code)0.19s

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  "balance": {
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    "heading": "Consolidated Balance Sheets Verizon Communications Inc. and Subsidiaries",
    "tableIndex": 81,
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  "cashflow": {
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    "scale": 1000000,
    "score": 52.25,
    "heading": "Consolidated Statements of Cash Flows Verizon Communications Inc. and Subsidiaries",
    "tableIndex": 83,
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1cash flow agent1.78s · 1452 tokens · $0.0002

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    {
      "note": "This is the investing activities section total.",
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    {
      "note": "This is the financing activities section total.",
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2balance sheet agent1.97s · 1569 tokens · $0.0002

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      "note": "This is the balance sheet’s cash and cash equivalents line.",
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3income statement agent2.28s · 1580 tokens · $0.0002

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4reconciler (code)0.00s

null

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5MD&A claims agent1.85s · 1580 tokens · $0.0002

null

[
  {
    "kind": "current_value",
    "field": "cash",
    "quote": "Our Cash and cash equivalents at December 31, 2025 totaled $19.0 billion, a $14.9 billion increase compared to December 31, 2024, primarily as a result of the factors discussed above.",
    "scope": "consolidated",
    "actual": null,
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    "kind": "amount_change",
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    "scope": "consolidated",
    "actual": null,
    "reason": "Cash and cash equivalents: the sentence is about a region, segment or adjusted measure",
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Income statement

table #77 · current period is figure column 1

0	(dollars in millions, except per share amounts)
1	Years Ended December 31,	2025	2024	2023
2	Operating Revenues
3	Service revenues and other	112,721	111,571	109,652
4	Wireless equipment revenues	25,470	23,217	24,322
5	Total Operating Revenues← Total revenue	138,191	134,788	133,974
6	Operating Expenses
7	Cost of services (exclusive of items shown below)	27,789	27,997	28,100
8	Cost of wireless equipment	28,976	26,100	26,787
9	Selling, general and administrative expense	33,818	34,113	32,745
10	Depreciation and amortization expense	18,349	17,892	17,624
11	Verizon Business Group goodwill impairment	-	-	5,841
12	Total Operating Expenses	108,932	106,102	111,097
13	Operating Income← Operating income	29,259	28,686	22,877
14	Equity in earnings (losses) of unconsolidated businesses	-	(53)	(53)
15	Other income (expense), net	107	995	(313)
16	Interest expense	(6,694)	(6,649)	(5,524)
17	Income Before Provision For Income Taxes	22,672	22,979	16,987
18	Provision for income taxes	(5,064)	(5,030)	(4,892)
19	Net Income	17,608	17,949	12,095
20	Net income attributable to noncontrolling interests	434	443	481
21	Net income attributable to Verizon← Net income attributable to the company	17,174	17,506	11,614
22	Net Income	17,608	17,949	12,095
23	Basic Earnings Per Common Share
24	Net income attributable to Verizon	4.06	4.15	2.76
25	Weighted-average shares outstanding (in millions)	4,226	4,218	4,211
26	Diluted Earnings Per Common Share
27	Net income attributable to Verizon← Diluted EPS	4.06	4.14	2.75
28	Weighted-average shares outstanding (in millions)	4,231	4,223	4,215

Balance sheet

table #81 · current period is figure column 1

0	(dollars in millions, except per share amounts)
1	At December 31,	2025	2024
2	Assets
3	Current assets
4	Cash and cash equivalents← Cash and cash equivalents	19,048	4,194
5	Accounts receivable	28,347	27,261
6	Less Allowance for credit losses	1,250	1,152
7	Accounts receivable, net	27,097	26,109
8	Inventories	2,441	2,247
9	Prepaid expenses and other	8,336	7,973
10	Total current assets	56,922	40,523
11	Property, plant and equipment	337,991	331,406
12	Less Accumulated depreciation	228,524	222,884
13	Property, plant and equipment, net	109,467	108,522
14	Investments in unconsolidated businesses	785	842
15	Wireless licenses	157,039	156,613
16	Goodwill	22,841	22,841
17	Other intangible assets, net	10,458	11,129
18	Operating lease right-of-use assets	23,498	24,472
19	Other assets	23,248	19,769
20	Total assets← Total assets	404,258	384,711
21	Liabilities and Equity
22	Current liabilities
23	Debt maturing within one year	18,618	22,633
24	Accounts payable and accrued liabilities	24,981	23,374
25	Current operating lease liabilities	4,542	4,415
26	Other current liabilities	14,229	14,349
27	Total current liabilities	62,370	64,771
28	Long-term debt	139,532	121,381
29	Employee benefit obligations	11,099	11,997
30	Deferred income taxes	48,717	46,732
31	Non-current operating lease liabilities	18,951	19,928
32	Other liabilities	17,848	19,327
33	Total long-term liabilities	236,147	219,365
34	Commitments and Contingencies (Note 16)
35	Equity
36	Series preferred stock ($0.10 par value; 250,000,000 shares authorized; none issued)	-	-
37	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
38	Additional paid in capital	13,372	13,466
39	Retained earnings	94,744	89,110
40	Accumulated other comprehensive loss	(1,727)	(923)
41	Common stock in treasury, at cost (74,258,296 and 81,753,488 shares outstanding)	(3,255)	(3,583)
42	Deferred compensation - employee stock ownership plans (ESOPs) and other	897	738
43	Noncontrolling interests	1,281	1,338
44	Total equity← Total shareholders' equity attributable to the company	105,741	100,575
45	Total liabilities and equity	404,258	384,711

Cash flow statement

table #83 · current period is figure column 1

0	(dollars in millions)
1	Years Ended December 31,	2025	2024	2023
2	Cash Flows from Operating Activities
3	Net Income	17,608	17,949	12,095
4	Adjustments to reconcile net income to net cash provided by operating activities:
5	Depreciation and amortization expense	18,349	17,892	17,624
6	Employee retirement benefits	1,025	(52)	1,206
7	Deferred income taxes	2,340	815	2,388
8	Provision for expected credit losses	2,349	2,338	2,214
9	Equity in losses of unconsolidated businesses, inclusive of dividends received	42	75	84
10	Verizon Business Group goodwill impairment	-	-	5,841
11	Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses:
12	Accounts receivable	(2,513)	(2,565)	(2,198)
13	Inventories	(232)	(196)	287
14	Prepaid expenses and other	(1,394)	(626)	(435)
15	Accounts payable and accrued liabilities and Other current liabilities	1,819	1,109	2,079
16	Other, net	(2,256)	173	(3,710)
17	Net cash provided by operating activities← Net cash from operating activities	37,137	36,912	37,475
18	Cash Flows from Investing Activities
19	Capital expenditures (including capitalized software)	(17,011)	(17,090)	(18,767)
20	Cash paid related to acquisitions of businesses, net of cash acquired	-	-	(30)
21	Acquisitions of wireless licenses	(450)	(900)	(5,796)
22	Other, net	801	(684)	1,161
23	Net cash used in investing activities← Net cash from investing activities	(16,660)	(18,674)	(23,432)
24	Cash Flows from Financing Activities
25	Proceeds from long-term borrowings	18,268	3,146	2,018
26	Proceeds from asset-backed long-term borrowings	9,338	12,422	6,594
27	Repayments of long-term borrowings and finance lease obligations	(11,352)	(11,854)	(6,181)
28	Repayments of asset-backed long-term borrowings	(8,437)	(8,490)	(4,443)
29	Dividends paid	(11,481)	(11,249)	(11,025)
30	Other, net	(1,949)	(1,075)	(1,620)
31	Net cash used in financing activities← Net cash from financing activities	(5,613)	(17,100)	(14,657)
32	Increase (decrease) in cash, cash equivalents and restricted cash	14,864	1,138	(614)
33	Cash, cash equivalents and restricted cash, beginning of period	4,635	3,497	4,111
34	Cash, cash equivalents and restricted cash, end of period (Note 1)	19,499	4,635	3,497