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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net income $ 679 $ 272
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,858 2,739
Deferred income taxes 486 (243)
Loss on the sale of data centers and colocation business 0 82
Impairment of assets 46 11
Provision for uncollectible accounts 119 127
Net loss on early retirement of debt 30 5
Share-based compensation 144 64
Changes in current assets and liabilities:    
Accounts receivable (8) 2
Accounts payable (151) (93)
Accrued income and other taxes 217 103
Other current assets and liabilities, net (42) (221)
Retirement benefits (639) (181)
Changes in other noncurrent assets and liabilities, net 324 (54)
Other, net (27) 87
Net cash provided by operating activities 5,036 2,700
INVESTING ACTIVITIES    
Capital expenditures (2,260) (2,363)
Proceeds from the sale of data centers and colocation business, less cash sold 0 1,467
Proceeds from sale of property, plant and equipment and other assets 125 51
Other investing, net (61) (5)
Net cash used in investing activities (2,196) (850)
FINANCING ACTIVITIES    
Net proceeds from issuance of long-term debt 130 6,608
Proceeds from financing obligation 0 356
Payments of long-term debt (1,539) (1,612)
Net borrowings (payments) on revolving line of credit 185 (370)
Dividends paid (1,735) (881)
Other financing, net (48) (11)
Net cash (used in) provided by financing activities (3,007) 4,090
Net (decrease) increase in cash, cash equivalents, restricted cash and securities (167) 5,940
Cash, cash equivalents, restricted cash and securities at beginning of period 587 224
Cash, cash equivalents, restricted cash and securities at end of period 420 6,164
Supplemental cash flow information:    
Income taxes refunded (paid), net 674 (378)
Interest paid (net of capitalized interest of $42 and $61) $ (1,571) $ (917)