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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating activities        
Net income $ 366 $ 138 $ 1,070 $ 436
Adjustments to reconcile net income to net cash provided by operating activities        
Depreciation and amortization 1,568 1,157 4,695 3,319
Stock-based compensation expense 59 42 171 153
Deferred income tax expense 219 134 623 82
Bad debt expense 118 172 358 384
Losses from sales of receivables 59 26 157 139
Deferred rent expense 32 43 97 131
Gains on disposal of spectrum licenses (199) (1) (835) (24)
Changes in operating assets and liabilities        
Accounts receivable (155) (48) (462) (156)
Equipment installment plan receivables 104 229 556 (350)
Inventories 301 (915) (497) (973)
Deferred purchase price from sales of receivables (16) (34) (199) (46)
Other current and long-term assets (98) (184) 31 (58)
Accounts payable and accrued liabilities (731) 582 (1,568) 36
Other current and long-term liabilities 112 92 326 2
Other, net 1 98 10 106
Net cash provided by operating activities 1,740 1,531 4,533 3,181
Investing activities        
Purchases of property and equipment (1,159) (1,120) (3,843) (3,293)
Purchases of spectrum licenses and other intangible assets, including deposits (705) (94) (3,544) (1,938)
Sales of short-term investments 0 0 2,998 0
Other, net 5 5 3 (7)
Net cash used in investing activities (1,859) (1,209) (4,386) (5,238)
Financing activities        
Proceeds from issuance of long-term debt 0 0 997 0
Repayments of capital lease obligations (54) (13) (133) (24)
Repayments of short-term debt for purchases of inventory, property and equipment, net 0 (315) (150) (563)
Repayments of long-term debt (5) 0 (15) 0
Tax withholdings on share-based awards (3) (2) (52) (100)
Dividends on preferred stock (13) (13) (41) (41)
Other, net 8 12 17 103
Net cash provided by (used in) financing activities (67) (331) 623 (625)
Change in cash and cash equivalents (186) (9) 770 (2,682)
Cash and cash equivalents        
Beginning of period 5,538 2,642 4,582 5,315
End of period 5,352 2,633 5,352 2,633
Supplemental disclosure of cash flow information        
Interest payments, net of amounts capitalized 478 348 1,292 969
Income tax payments 4 8 23 41
Changes in accounts payable for purchases of property and equipment (79) 267 (307) 94
Leased devices transferred from inventory to property and equipment 234 854 1,175 854
Returned leased devices transferred from property and equipment to inventory (186) (32) (422) (32)
Issuance of short-term debt for financing of property and equipment 0 0 150 500
Assets acquired under capital lease obligations $ 384 $ 119 $ 679 $ 309