Verizon Wireless 2014 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, 2014 2013
Assets
Current assets
Cash and cash equivalents $ 10,598 $ 53,528
Short-term investments 555 601
Accounts receivable, net of allowances of $739 and $645 13,993 12,439
Inventories 1,153 1,020
Prepaid expenses and other 3,324 3,406
Total current assets 29,623 70,994
Plant, property and equipment 230,508 220,865
Less accumulated depreciation 140,561 131,909
89,947 88,956
Investments in unconsolidated businesses 802 3,432
Wireless licenses 75,341 75,747
Goodwill 24,639 24,634
Other intangible assets, net 5,728 5,800
Other assets 6,628 4,535
Total assets $ 232,708 $ 274,098
Liabilities and Equity
Current liabilities
Debt maturing within one year $ 2,735 $ 3,933
Accounts payable and accrued liabilities 16,680 16,453
Other 8,649 6,664
Total current liabilities 28,064 27,050
Long-term debt 110,536 89,658
Employee benet obligations 33,280 27,682
Deferred income taxes 41,578 28,639
Other liabilities 5,574 5,653
Equity
Series preferred stock ($.10 par value; none issued) – –
Common stock ($.10 par value; 4,242,374,240 and 2,967,610,119 shares
issued in each period, respectively) 424 297
Contributed capital 11,155 37,939
Reinvested earnings 2,447 1,782
Accumulated other comprehensive income 1,111 2,358
Common stock in treasury, at cost (3,263) (3,961)
Deferred compensation – employee stock ownership plans and other 424 421
Noncontrolling interests 1,378 56,580
Total equity 13,676 95,416
Total liabilities and equity $ 232,708 $ 274,098
See Notes to Consolidated Financial Statements