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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating activities        
Net income $ 978 $ 110 $ 1,911 $ 1,061
Adjustments to reconcile net income to net cash provided by operating activities        
Depreciation and amortization 4,077 4,064 8,366 5,782
Stock-based compensation expense 134 259 272 397
Deferred income tax expense 226 98 437 408
Bad debt expense 72 233 154 346
(Gains) losses from sales of receivables (12) 30 (30) 55
Losses on redemption of debt 28 163 129 163
Impairment expense 0 418 0 418
Changes in operating assets and liabilities        
Accounts receivable (1,839) (498) (1,743) (1,246)
Equipment installment plan receivables (568) 127 (1,295) 196
Inventories 584 (553) 863 (1,064)
Operating lease right-of-use assets 1,272 937 2,396 1,464
Other current and long-term assets (154) (104) (100) (98)
Accounts payable and accrued liabilities 28 (1,261) (1,356) (1,666)
Short and long-term operating lease liabilities (996) (1,077) (2,365) (1,802)
Other current and long-term liabilities (47) (2,190) (264) (2,111)
Other, net (4) 21 65 91
Net cash provided by operating activities 3,779 777 7,440 2,394
Investing activities        
Purchases of property and equipment, including capitalized interest of $57, $119, $141, and $231 (3,270) (2,257) (6,453) (4,010)
Purchases of spectrum licenses and other intangible assets, including deposits (8) (745) (8,930) (844)
Proceeds from sales of tower sites 31 0 31 0
Proceeds related to beneficial interests in securitization transactions 1,137 602 2,028 1,470
Net cash related to derivative contracts under collateral exchange arrangements 0 1,212 0 632
Acquisition of companies, net of cash and restricted cash acquired (1) (5,000) (30) (5,000)
Other, net 28 (168) 32 (184)
Net cash used in investing activities (2,083) (6,356) (13,322) (7,936)
Financing activities        
Proceeds from issuance of long-term debt 3,006 26,694 9,769 26,694
Payments of consent fees related to long-term debt 0 (109) 0 (109)
Repayments of financing lease obligations (269) (236) (556) (518)
Repayments of short-term debt for purchases of inventory, property and equipment and other financial liabilities (36) (151) (91) (176)
Repayments of long-term debt (3,150) (10,529) (5,369) (10,529)
Issuance of common stock 0 17,290 0 17,290
Repurchases of common stock 0 (16,990) 0 (16,990)
Proceeds from issuance of short-term debt 0 18,743 0 18,743
Repayments of short-term debt 0 (18,929) 0 (18,929)
Tax withholdings on share-based awards (76) (138) (294) (279)
Cash payments for debt prepayment or debt extinguishment costs (6) (24) (71) (24)
Other, net (46) 7 (91) 2
Net cash (used in) provided by financing activities (577) 15,628 3,297 15,175
Change in cash and cash equivalents, including restricted cash 1,119 10,049 (2,585) 9,633
Cash and cash equivalents, including restricted cash        
Beginning of period 6,759 1,112 10,463 1,528
End of period $ 7,878 $ 11,161 $ 7,878 $ 11,161