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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating activities        
Net income $ 508 $ 691 $ 1,113 $ 2,602
Adjustments to reconcile net income to net cash provided by operating activities        
Depreciation and amortization 3,313 4,145 10,389 12,511
Stock-based compensation expense 150 131 445 403
Deferred income tax (benefit) expense (36) (27) 73 410
Bad debt expense 239 105 760 259
Losses (gains) from sales of receivables 60 4 168 (26)
Losses on redemption of debt 0 55 0 184
Impairment expense 0 0 477 0
Loss on disposal group held for sale 371 0 371 0
Changes in operating assets and liabilities        
Accounts receivable (1,224) (454) (3,781) (2,197)
Equipment installment plan receivables (77) (530) (801) (1,825)
Inventories (7) 41 384 904
Operating lease right-of-use assets 1,113 1,334 4,275 3,730
Other current and long-term assets (334) (88) (450) (188)
Accounts payable and accrued liabilities 342 111 319 (1,245)
Short- and long-term operating lease liabilities (700) (2,046) (2,218) (4,411)
Other current and long-term liabilities 550 (87) 587 (351)
Other, net 123 92 334 157
Net cash provided by operating activities 4,391 3,477 12,445 10,917
Investing activities        
Purchases of property and equipment, including capitalized interest of $(16), $(46), $(44), and $(187) (3,634) (2,944) (10,587) (9,397)
Purchases of spectrum licenses and other intangible assets, including deposits (360) (407) (3,319) (9,337)
Proceeds from sales of tower sites 0 0 0 31
Proceeds related to beneficial interests in securitization transactions 1,308 1,071 3,614 3,099
Acquisition of companies, net of cash and restricted cash acquired 0 (1,886) (52) (1,916)
Other, net 131 14 138 46
Net cash used in investing activities (2,555) (4,152) (10,206) (17,474)
Financing activities        
Proceeds from issuance of long-term debt 2,972 1,989 2,972 11,758
Repayments of financing lease obligations (311) (266) (901) (822)
Repayments of short-term debt for purchases of inventory, property and equipment and other financial liabilities 0 (76) 0 (167)
Repayments of long-term debt (132) (4,600) (3,145) (9,969)
Repurchases of common stock (557) 0 (557) 0
Tax withholdings on share-based awards (10) (14) (225) (308)
Cash payments for debt prepayment or debt extinguishment costs 0 (45) 0 (116)
Other, net (35) (48) (97) (139)
Net cash provided by (used in) financing activities 1,927 (3,060) (1,953) 237
Change in cash and cash equivalents, including restricted cash and cash held for sale 3,763 (3,735) 286 (6,320)
Cash and cash equivalents, including restricted cash and cash held for sale        
Beginning of period 3,226 7,878 6,703 10,463
End of period $ 6,989 $ 4,143 $ 6,989 $ 4,143