Verizon Wireless 2012 Annual Report Download - page 54

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52
CONSOLIDATED BALANCE SHEETS
VERIZON COMMUNICATIONS INC. AND SUBSIDIARIES
(dollars in millions, except per share amounts)
At December 31, 2012 2011
Assets
Current assets
Cash and cash equivalents $ 3,093 $ 13,362
Short-term investments 470 592
Accounts receivable, net of allowances of $641 and $802 12,576 11,776
Inventories 1,075 940
Prepaid expenses and other 4,021 4,269
Total current assets 21,235 30,939
Plant, property and equipment 209,575 215,626
Less accumulated depreciation 120,933 127,192
88,642 88,434
Investments in unconsolidated businesses 3,401 3,448
Wireless licenses 77,744 73,250
Goodwill 24,139 23,357
Other intangible assets, net 5,933 5,878
Other assets 4,128 5,155
Total assets $ 225,222 $ 230,461
Liabilities and Equity
Current liabilities
Debt maturing within one year $ 4,369 $ 4,849
Accounts payable and accrued liabilities 16,182 14,689
Other 6,405 11,223
Total current liabilities 26,956 30,761
Long-term debt 47,618 50,303
Employee benefit obligations 34,346 32,957
Deferred income taxes 24,677 25,060
Other liabilities 6,092 5,472
Equity
Series preferred stock ($.10 par value; none issued) – –
Common stock ($.10 par value; 2,967,610,119 shares issued in both periods) 297 297
Contributed capital 37,990 37,919
Reinvested earnings (Accumulated deficit) (3,734) 1,179
Accumulated other comprehensive income 2,235 1,269
Common stock in treasury, at cost (4,071) (5,002)
Deferred compensation – employee stock ownership plans and other 440 308
Noncontrolling interest 52,376 49,938
Total equity 85,533 85,908
Total liabilities and equity $ 225,222 $ 230,461
See Notes to Consolidated Financial Statements