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I completed the horizontal and vertical analysis of the balance sheets for Verizon 10-K form. Are my answers correct? If some of them aren't, could

I completed the horizontal and vertical analysis of the balance sheets for Verizon 10-K form. Are my answers correct? If some of them aren't, could you please tell me how to solve it? Sorry if it is a kinda blurry, I tried to fit the whole sheet in the picture. Thanks in advance!

image text in transcribedimage text in transcribed

Rate of Change (Horizontal) Analysis VERIZON COMMUNICATIONS INC VZ on NYSE. Consolidated Balance Sheets - USD 151 $ in Millions Dec 31, 2020 Dec 31, 2019 Increase (Decrease) Amount Percent $ 22,171 25,169 1.252 $ 2,594 26,162 $ 19,577 $ 1993) $ 1,252 733 $(733) 25,429 1,422 8,028 37,473 265,734 173,819 91,915 23,917 1,796 6,710 54.594 279,737 184,904 94.833 589 96,097 24,773 9,413 22,531 13,651 $316,481 $(1,512) $ 374 $ (1,318) $ 17,121 $ 14,003 $ 11,085 $ 2,918 $31 $ 1,038 $384 754.796 (3.8%) NA (100.0%) (5.976) 26.3% (16.4%) 45.7% 5.3% 6.4% 3.2% 5.6% 11% 16% 558 0.99 95,059 24,389 9,498 22,694 10,141 $291,727 $ (163) $3,510 $ 24,754 10.7%) 34.6% 8.5% Current assets Cash and cash equivalents Accounts receivable Less Allowance for credit losses Less Allowance for doubtful accounts Accounts receivable, net (Note 1) Inventories Prepaid expenses and other Total current assets Property, plant and equipment Less Accumulated depredation Property, plant and equipment, net investments in unconsolidated businesses Wireless licenses Goodwill Other intangible assets, net Operating lease right of use assets Other assets Total assets Current abilities Debt maturing within one year Accounts payable and accrued liabilities Current operating lease liabilities Other current liabilities Total current liabilities Long term debt Employee benefit obligations Deferred income taxes Non current operating lease liabilities Other liabilities Total long term liabilities Commitments and contingendes (Note 15) Equity Series preferred stock ($0.10 par value, 250,000,000 shares authorized, none issued) Common stock ($0.10 par value: 6,250,000,000 shares authorized in each period Additional paid in capital Retained earnings Accumulated other comprehensive income foss) Common stock in treasury, at cost (153,304,083 and 155,605,527 shares outstanding) Deferred compensation - employee stock ownership plans and other Non controlling interests Total equity Total liabilities and equity $5.889 20,658 3.485 9,628 39,650 123,173 18,657 35,711 18,000 12,008 $207,549 $10,777 21,806 3,261 9,024 44,868 100,712 17,952 34,703 18,393 12 264 $184,024 $14.888) $(1,143) $ 224 $ 604 $5.208) $22.461 $ 705 $ 1,008 $ (393) $ (256) $23.525 (45.4%) (5.3%) 6.9% 6.7% (11.6%) 223% 3.9% 2.9% 12.1%) (2.1%) 12.8% 429 13,404 60,464 (71) 16,719) 335 1.430 $69,272 $316,481 429 13,419 53,147 998 16,820) 222 1,440 $62,835 $ 291,727 $ (15) $ 7,317 $(1,069) $ 101 $ 113 $ (10) $6,437 $ 24,754 N/A 0% (0.1%) 13.8% (107.1%) (15%) 50.9% (0.7%) 10.2% 8.5% Common Size (Vertical) Analysis VERIZON COMMUNICATIONS INC VZ on NYSE Dec 31, 2020 Dec 31, 2019 Consolidated Balance Sheets. USD ($1$ in Millions Amount Percent Amount Percent $22,171 25, 169 1252 7.0% 8.0% $ 2.594 26,162 0% 7.6% 0.6% 2.1% 17.3% 23,917 1,796 6.710 54,594 279,737 184,904 94,833 589 96,097 24,773 9,413 22,531 13,651 $316,481 0.9% 9.0% OOK 0.3% 8.7% 0.5% 2.8% 12.8% 91 19 59.6% 31.5% 0.2% 32.6% 8.4% 3.3% 7.8% 3.5% 100.0% 733 25,429 1.422 8,028 37.473 265,734 173,819 91,915 558 95,059 24,389 9,498 22.694 10,141 $291,727 58.4% 30.0% 0.2% 30.4% 7.8% 3.0% 7.1% 4.3% 100.0% Current assets Cash and cash equivalents Accounts receivable Less Allowance for credit losses Less Allowance for doubtful accounts Accounts receivable, net (Note 1) Inventories Prepaid expenses and other Total current assets Property, plant and equipment Less Accumulated depredation Property, plant and equipment, net Investments in unconsolidated businesses Wireless licenses Goodwill Other intangible assets, net Operating lease right of use assets Other assets Total assets Current abilities Debt maturing within one year Accounts payable and accrued liabilities Current operating lease liabilities Other current liabilities Total current liabilities Long term debt Employee benefit obligations Deferred income taxes Non current operating lease liabilities Other liabilities Total long term liabilities Commitments and contingendes (Note 16) Equity Series preferred stock ($0.10 par value: 250,000,000 shares authorized: none issued Common stock ($0.10 par value; 6.250,000,000 shares authorized in each period: 4,291,433,646 shares issued in each period Additional paid in capital Retained earnings Accumulated other comprehensive income foss) Common stock in treasury, at cost (153,304,083 and 155,605,527 shares outstanding) Deferred compensation - employee stock ownership plans and other Noncontrolling interests Total equity Total liabilities and equity 19% 6.5% 11% 3.0% 12.5% $5.889 20,658 3,485 9,628 39,660 123,173 18,657 35,711 18,000 12,008 $207,549 38.9% $10,777 21,806 3.261 9,024 44,858 100,712 17,952 34,703 18,393 12,264 $184,024 3.7% 7.5% 11% 3.1% 15.496 34.5% 6.296 119% 6.3% 4.296 63.1% 5.9% 11 3% 5.7% 65.6% $429 13,404 60,464 (71) 16,719) 335 1,430 $69,272 $316,481 0% 0.1% 4.2% 19.1% (0.02%) 12.1%) 429 13.419 53,147 998 16,820) 222 1,440 $62.835 $ 291,727 0.0% 0.1% 4.6% 18.2% 0.3% (23%) 0.1% 0.5% 21.5% 100.0% 0.1% 0.5% 21.9% 1000

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