Verizon Wireless 2013 Annual Report Download - page 42

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40
CONSOLIDATED BALANCE SHEETS
VERIZON COMMUNICATIONS INC. AND SUBSIDIARIES
(dollars in millions, except per share amounts)
At December 31, 2013 2012
Assets
Current assets
Cash and cash equivalents $ 53,528 $ 3,093
Short-term investments 601 470
Accounts receivable, net of allowances of $645 and $641 12,439 12,576
Inventories 1,020 1,075
Prepaid expenses and other 3,406 4,021
Total current assets 70,994 21,235
Plant, property and equipment 220,865 209,575
Less accumulated depreciation 131,909 120,933
88,956 88,642
Investments in unconsolidated businesses 3,432 3,401
Wireless licenses 75,747 77,744
Goodwill 24,634 24,139
Other intangible assets, net 5,800 5,933
Other assets 4,535 4,128
Total assets $ 274,098 $ 225,222
Liabilities and Equity
Current liabilities
Debt maturing within one year $ 3,933 $ 4,369
Accounts payable and accrued liabilities 16,453 16,182
Other 6,664 6,405
Total current liabilities 27,050 26,956
Long-term debt 89,658 47,618
Employee benet obligations 27,682 34,346
Deferred income taxes 28,639 24,677
Other liabilities 5,653 6,092
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 37,939 37,990
Reinvested earnings (Accumulated decit) 1,782 (3,734)
Accumulated other comprehensive income 2,358 2,235
Common stock in treasury, at cost (3,961) (4,071)
Deferred compensation – employee stock ownership plans and other 421 440
Noncontrolling interests 56,580 52,376
Total equity 95,416 85,533
Total liabilities and equity $ 274,098 $ 225,222
See Notes to Consolidated Financial Statements