Search Help Sitemap Download Next Page Previous Page note 21 (page 2 of 2) Condensed Consolidating       Verizon           (dollars in millions ) Balance Sheets       New   Verizon       Adjust -     At December 31, 2005   Parent England   South   Other ments   Total   Cash $ –   $ –   $ –   $ 776   $ –   $ 776   Short-term investments   –     216     32     2,250     –     2,498   Accounts receivable, net   20     910     142     9,429     (1,330 )   9,171   Other current assets   9,365     166     185     3,784     (9,497 )   4,003      Total current assets   9,385     1,292     359     16,239     (10,827 )   16,448   Plant, property and equipment, net   1     6,146     1,158     68,000     –     75,305   Investments in    unconsolidated businesses   32,593     116     –     10,017     (38,122 )   4,604   Other assets   532     472     390     70,609     (230 )   71,773   Total Assets $ 42,511   $ 8,026   $ 1,907   $ 164,865   $ (49,179 ) $ 168,130   Debt maturing within one year $ 22   $ 471   $ –   $ 16,452   $ (9,804 ) $ 7,141   Other current liabilities   2,511     1,049     176     15,209     (1,023 )   17,922      Total current liabilities   2,533     1,520     176     31,661     (10,827 )   25,063   Long-term debt   92     2,702     901     28,404     (230 )   31,869   Employee benefit obligations   205     1,892     254     16,468     –     18,819   Deferred income taxes   –     537     220     21,654     –     22,411   Other liabilities   1     146     27     3,360     –     3,534   Minority interest   –     –     –     26,754     –     26,754   Total shareowners’ investment   39,680     1,229     329     36,564     (38,122 )   39,680   Total Liabilities and    Shareowners’ Investment $ 42,511   $ 8,026   $ 1,907   $ 164,865   $ (49,179 ) $ 168,130   Condensed Consolidating       Verizon           (dollars in millions ) Balance Sheets       New   Verizon       Adjust -     At December 31, 2004   Parent England   South   Other ments   Total   Cash $ –   $ –   $ –   $ 2,290   $ –   $ 2,290   Short-term investments   –     187     33     2,037     –     2,257   Accounts receivable, net   6     913     151     9,751     (1,020 )   9,801   Other current assets   7,632     151     123     4,985     (7,760 )   5,131      Total current assets   7,638     1,251     307     19,063     (8,780 )   19,479   Plant, property and equipment, net   1     6,444     1,204     66,475     –     74,124   Investments in    unconsolidated businesses   32,191     116     –     9,639     (36,091 )   5,855   Other assets   408     488     374     65,460     (230 )   66,500   Total Assets $ 40,238   $ 8,299   $ 1,885   $ 160,637   $ (45,101 ) $ 165,958   Debt maturing within one year $ 31   $ 168   $ –   $ 11,222   $ (7,828 ) $ 3,593   Other current liabilities   2,372     1,217     181     16,718     (952 )   19,536      Total current liabilities   2,403     1,385     181     27,940     (8,780 )   23,129   Long-term debt   113     2,966     901     31,924     (230 )   35,674   Employee benefit obligations   160     1,940     235     15,606     –     17,941   Deferred income taxes   –     571     249     21,712     –     22,532   Other liabilities   2     253     34     3,780     –     4,069   Minority interest   –     –     –     25,053     –     25,053   Total shareowners’ investment   37,560     1,184     285     34,622     (36,091 )   37,560   Total Liabilities and    Shareowners’ Investment $ 40,238   $ 8,299   $ 1,885   $ 160,637   $ (45,101 ) $ 165,958   Condensed Consolidating       Verizon           (dollars in millions ) Statements of Cash Flows       New   Verizon       Adjust -     At December 31, 2005   Parent England   South   Other ments   Total   Net cash from operating activities $ 7,605   $ 831   $ 284   $ 20,229   $ (6,937 ) $ 22,012   Net cash from investing activities   (913 )   (784 )   (221 )   (16,343 )   (231 )   (18,492 ) Net cash from financing activities   (6,692 )   (47 )   (63 )   (5,400 )   7,168     (5,034 ) Net Decrease in Cash $ –   $ –   $ –   $ (1,514 ) $ –   $ (1,514 ) Condensed Consolidating       Verizon           (dollars in millions ) Statements of Cash Flows       New   Verizon       Adjust -     At December 31, 2004   Parent England   South   Other ments   Total   Net cash from operating activities $ 6,650   $ 1,219   $ 282   $ 20,133   $ (6,464 ) $ 21,820   Net cash from investing activities   –     (655 )   (75 )   (9,559 )   (54 )   (10,343 ) Net cash from financing activities   (6,650 )   (564 )   (207 )   (8,953 )   6,518     (9,856 ) Net Increase in Cash $ –   $ –   $ –   $ 1,621   $ –   $ 1,621   Condensed Consolidating       Verizon           (dollars in millions ) Statements of Cash Flows       New   Verizon       Adjust -     At December 31, 2003   Parent England   South   Other ments   Total   Net cash from operating activities $ 8,763   $ 1,304   $ 283   $ 20,630   $ (8,513 ) $ 22,467   Net cash from investing activities   –     (628 )   (229 )   (11,506 )   127     (12,236 ) Net cash from financing activities   (8,763 )   (676 )   (54 )   (9,852 )   8,386     (10,959 ) Net Decrease in Cash $ –   $ –   $ –   $ (728 ) $ –   $ (728 )
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	* This is an interactive electronic version of Verizon’s 2005 Annual Report to Shareholders, and it is intended to be complete and accurate. The contents of this version are qualified in their entirety by reference to the printed version. A reproduction of the printed version is available in PDF format on this website.