VZ · 10-Q · 2026Q3 · Full report
Debt and Liquidity Position
VERIZON COMMUNICATIONS INC · 2026-10-29 · Importance 61 · Surprise 32 · From source text
At September 30, 2026, Verizon had total debt of $166.2 billion, comprising $136.1 billion of unsecured debt and $30.1 billion of secured debt, compared with $158.2 billion at December 31, 2025. Cash and cash equivalents totaled $4.5 billion, down $14.6 billion from year-end 2025, while restricted cash was $319 million. Nine-month financing cash outflows were $18.9 billion, including $17.3 billion of repayments, redemptions and repurchases of long-term borrowings and finance lease obligations and $14.3 billion of asset-backed debt repayments; these were partly offset by $13.8 billion of asset-backed borrowing proceeds and $13.7 billion of long-term borrowing proceeds. Verizon reported a 5.0% effective interest rate for the nine months and had $12.014 billion of unused capacity across its listed credit facilities; its $12.0 billion revolving facility was extended to 2030.
Key facts
- Verizon amended its $12.0 billion revolving credit facility in September 2026 and extended its maturity to 2030. source
- Repayments during the nine months ended September 30, 2026 included approximately $12.4 billion of principal debt assumed in the Frontier acquisition. source
- Financing cash outflows were partly offset by $13.8 billion of proceeds from asset-backed long-term borrowings and $13.7 billion from long-term borrowings during the nine months ended September 30, 2026. source
- Verizon's average debt outstanding was $167.321 billion for the three months and $168.591 billion for the nine months ended September 30, 2026. source
- Net cash used in financing activities was $18.9 billion in the nine months ended September 30, 2026, compared with $12.8 billion in 2025. source
- At September 30, 2026, Verizon had total debt of $166.2 billion, comprising $136.1 billion of unsecured debt and $30.1 billion of secured debt. source
- At December 31, 2025, Verizon had total debt of $158.2 billion, comprising $131.1 billion of unsecured debt and $27.1 billion of secured debt. source
- Verizon's cash and cash equivalents totaled $4.5 billion at September 30, 2026, down $14.6 billion from December 31, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +3.3% | Financing cash outflows were partly offset by $13.8 billion of proceeds from asset-backed long-term borrowings and $13.7 billion from… |
| liability | positive | realized | +3.3% | Financing cash outflows were partly offset by $13.8 billion of proceeds from asset-backed long-term borrowings and $13.7 billion from… |
| cash | negative | realized | -1.5% | Net cash used in financing activities was $18.9 billion in the nine months ended September 30, 2026, compared with $12.8 billion in 2025. |