XML 77 R5.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:                  
Net income (loss) $ 193 $ 100 $ 409 $ 270 $ 652 $ 421 $ 860 $ 622 $ 366
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:                  
Depreciation, amortization and accretion 394 374 787 753 1,175 1,138 1,572 1,527 1,241
(Gains) losses on retirement of long-term obligations 1 [1] 71 [1] 2 74 2 106 2 [2] 106 [2] 4 [3]
Amortization of deferred financing costs and other non-cash interest 1 2 1 4 1 5 1 7 9
Stock-based compensation expense 29 23 62 47 91 79 117 103 92
Asset write-down charges 6 3 12 9 13 18 19 26 17
Deferred income tax (benefit) provision 1 1 1 1 2 2 2 2 15
Other non-cash adjustments, net 2 2 3 1 4 2 (2) 2 (2)
Changes in assets and liabilities, excluding the effects of acquisitions:                  
Increase (decrease) in accrued interest (41) (28) 18 22 (38) (31) 21 16 35
Increase (decrease) in accounts payable (5) (5) 6 3 37 31 19 37 (34)
Increase (decrease) in other liabilities (7) (43) 77 76 179 179 254 271 234
Decrease (increase) in receivables (43) (5) (89) (59) (166) (74) (96) (105) 71
Decrease (increase) in other assets (19) (43) (62) (91) (62) (103) (71) (114) (16)
Net cash provided by (used for) operating activities 512 452 1,227 1,110 1,890 1,773 2,698 2,500 2,032
Cash flows from investing activities:                  
Capital expenditures (480) (370) (998) (762) (1,537) (1,239) (2,057) (1,739) (1,217)
Payments for acquisitions, net of cash acquired (10) (14) (13) (18) (15) (26) (17) (42) (9,260)
Other investing activities, net 1 0 1 3 3 (14) (7) (12) (5)
Net cash provided by (used for) investing activities (489) (384) (1,010) (777) (1,549) (1,279) (2,081) (1,793) (10,482)
Cash flows from financing activities:                  
Proceeds from issuance of long-term debt 996 1,743 995 1,743 1,895 2,743 1,894 2,742 3,093
Principal payments on debt and other long-term obligations (25) (32) (36) (47) (59) (76) (86) (105) (119)
Purchases and redemptions of long-term debt (12) (1,318) (12) (1,318) (12) (2,346) (12) (2,346) 0
Borrowings under revolving credit facility 710 170 1,195 485 1,585 1,290 2,110 1,820 2,820
Payments under revolving credit facility (1,140) (1,050) (1,785) (1,150) (2,270) (1,465) (2,660) (1,725) (1,840)
Proceeds from Issuance of Commercial Paper 0   500   0   155 0  
Payments for financing costs (10) (15) (14) (20) (24) (33) (24) (31) (29)
Net proceeds from issuance of common stock   843   841   841 0 841 4,221
Net proceeds from issuance of preferred stock             0 0 1,608
Purchases of common stock (42) (33) (43) (34) (44) (34) (44) (34) (23)
Dividends/distributions paid on common stock (477) (443) (944) (879) (1,415) (1,315) (1,912) (1,782) (1,509)
Dividends paid on preferred stock (28) (28) (57) (57) (85) (85) (113) (113) (30)
Net cash provided by (used for) financing activities (28) (163) (201) (436) (429) (480) (692) (733) 8,192
Net increase (decrease) in cash, cash equivalents, and restricted cash from continuing operations (5) (95) 16 (103) (88) 14 (75) (26) (258)
Effect of exchange rate changes on cash 0 0 0 (1) 0 (1) 0 (1) 1
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 413 440 413 440 413 440 413 440 697
Cash, Cash Equivalents and Restricted Cash - End of Period $ 408 $ 345 $ 429 $ 336 $ 325 $ 453 $ 338 $ 413 $ 440
[1]
The sum of quarterly information may not agree to year-to-date information due to rounding.
[2]
Inclusive of the write-off of the respective deferred financing costs.
[3]
The losses represent write-off of deferred financing costs.