The US Telecommunications giant Verizon, who’s roots can be traced back to the merger of the 2 “baby bells”, NYNEX and Bell Atlantic, today is giant in the global telecommunications landscape.
It carries debt as part of its financing operation of the overall business
https://www.verizon.com/about/sites/default/files/Verizon-IR-Debt-Portfolio-033126.pdf
Courtesy of Verizon.
Total Debt that Verizon carries is $177 Billion dollars
The 2025 Annual Report has some salient information:-
https://www.verizon.com/about/sites/default/files/2025-Annual-Report-on-Form-10k.pdf
Courtesy of Verizon.
Now the annual report is up to Dec 2025. Debt was stated at $147 Bn, (see below) and then 3 months later, the debt has increased to $177 Bn. In a quarter, the debt has grown by $30 Bn in just 3 months
Courtesy of Verizon.
You can see above, Debt Interest = Financing Costs are $6.694 Billion
From the Income statement we see:-
Courtesy of Verizon.
That Version has revenues of $106 Bn (income) and while the income stream is huge, it still needs $6.694 Bn to simply pay interest on its debt to its Bond Holders (the creditor)