Verizon Financial Summary

Verizon Communications, Inc. is a multi-billion company based in New York City and incorporated in Delaware and was formed on June 20, 2000 with the merger of Bell Atlantic Corporation and G TE Corporation. Verizon began trading on the New York Stock Exchange (NYSE) under the VZ symbol in the year 2000. Verizon is ranked 16 in the Fortune 500 for the year 2014. It also began trading on the NASDAQ exchange under the same symbol in the year 2010. (Verizon Corporate History) Verizon also has a presence in wireline and the wireless market, with over 100 million Americans connecting to a Verizon network on a daily basis. Verizon Communication Inc., like many reputable businesses, makes their financial statements publically available. By having

Looking at the annual report, the value of assets in the year 2014 compared to the year 2013, has decline in the cash and cash equivalent by 30%, in the short-term investment by 1% and in the prepaid expenses and other by 1%. The total current assets for 2014 is $29,632 million and 2013 is $70,994. (See attach balance sheet) As you can see that is an approximate 42% difference between the two years. (2014 Annual Report). The company’s cash and cash equivalents are money, paper checks, money orders, gift certificates, and gift cards, the short term investments, these investments accounts hold bonds and stocks that the company can liquidate reasonably fast, the accounts receivable is full amount of money that Verizon’s customers owed minus the amount the company does not expect to receive from its clients. The inventory is basically the list of items in inventory of the company. The prepaid expenses are accounts that contain non-cash value assets. Verizon’s cash equivalents are its short-term investments. These investments are liquid and can easily convert to cash. The short-term investments are so near maturity, usually there months or less, they have a