XML 22 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2011
Mar. 31, 2011
Predecessor
Dec. 31, 2010
Predecessor
Dec. 31, 2009
Predecessor
OPERATING ACTIVITIES        
Net income (loss) $ 19 $ 211 $ (55) $ 662
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 2,394 533 2,200 2,311
Deferred income taxes 27 145 508 229
Provision for uncollectible accounts 62 19 86 130
Long-term debt (premium) discount amortization (150) 6 71 72
Loss on embedded option in convertible debt     475  
Loss on early retirement of debt 8   45  
Stock-based compensation   4 93 40
Changes in current assets and liabilities:        
Accounts receivable (85) 61 (35) 35
Accounts payable (99) (71) 44 (83)
Accounts receivable and payable-affiliates, net 51      
Accrued income and other taxes (44) 31 (6) (31)
Other current assets and other current liabilities, net (3) (117) (12) (70)
Changes in other noncurrent assets and liabilities (42) (53) (68) (12)
Other, net 14 8 21 24
Net cash provided by operating activities 2,152 777 3,367 3,307
INVESTING ACTIVITIES        
Payments for property, plant and equipment and capitalized software (1,207) (410) (1,488) (1,409)
Changes in short-term affiliate loans (663)      
Proceeds from sales or maturities of investment securities     943  
Purchases of investment securities     (944) 18
Other, net 2 2 1 (15)
Net cash used in investing activities (1,868) (408) (1,488) (1,406)
FINANCING ACTIVITIES        
Payments of long-term debt (2,402) (203) (3,379) (827)
Net proceeds from issuance of long-term debt 2,126   775 1,270
Dividends paid   (141) (555) (551)
Dividends paid to CenturyLink, Inc. (300)      
Net proceeds from issuance of common stock   14 67 57
Purchases of treasury stock     (136) (3)
Settlement of embedded option in convertible debt     (640)  
Early retirement of debt costs (66)   (41)  
Other, net (18) 13 (4) (6)
Net cash used in financing activities (660) (317) (3,913) (60)
Net (decrease) increase in cash and cash equivalents (376) 52 (2,034) 1,841
Cash and cash equivalents at beginning of period 424 372 2,406 565
Cash and cash equivalents at end of period 48 424 372 2,406
Supplemental cash flow information:        
Income taxes refunded (paid), net 13 1 (25) (48)
Interest paid (net of capitalized interest of $12, $5, $18 and $14) $ (659) $ (236) $ (989) $ (981)