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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net income (loss) $ 2,033 $ (1,232) $ (5,269)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 4,019 4,710 4,829
Goodwill impairment 0 2,642 6,506
Deferred income taxes 598 366 440
Provision for uncollectible accounts 105 189 145
Net (gain) loss on early retirement and modification of debt (8) 105 (72)
Stock-based compensation 120 175 162
Changes in current assets and liabilities:      
Accounts receivable (8) 115 (5)
Accounts payable (261) (543) (261)
Accrued income and other taxes (69) 27 20
Other current assets and liabilities, net (353) (262) (32)
Retirement benefits 163 (111) (12)
Changes in other noncurrent assets and liabilities, net 283 246 245
Other, net (121) 97 (16)
Net cash provided by operating activities 6,501 6,524 6,680
INVESTING ACTIVITIES      
Capital expenditures (2,900) (3,729) (3,628)
Proceeds from sale of property, plant and equipment and other assets 135 153 93
Other, net 53 12 (35)
Net cash used in investing activities (2,712) (3,564) (3,570)
FINANCING ACTIVITIES      
Net proceeds from issuance of long-term debt 1,881 4,361 3,707
Payments of long-term debt (3,598) (7,315) (4,157)
Net proceeds from (payments on) revolving line of credit 50 (100) (300)
Dividends paid (1,087) (1,109) (1,100)
Repurchases of common stock (1,000) 0 0
Other, net (53) (87) (61)
Net cash used in financing activities (3,807) (4,250) (1,911)
Net (decrease) increase in cash, cash equivalents and restricted cash (18) (1,290) 1,199
Cash, cash equivalents and restricted cash at beginning of period 427 1,717 518
Cash, cash equivalents and restricted cash at end of period 409 427 1,717
Supplemental cash flow information:      
Income taxes (paid) refunded, net (112) 28 34
Interest paid (net of capitalized interest of $53, $75 and $72) (1,487) (1,627) (2,028)
Supplemental non-cash information regarding investing activities:      
Sale of property, plant and equipment in exchange for note receivable 56 0 0
Supplemental non-cash information regarding financing activities:      
Purchase of software subscription in exchange for installment debt 77 0 0
Cash, cash equivalents and restricted cash:      
Cash and cash equivalents 354 406 1,690
Cash and cash equivalents included in Assets held for sale 40 0 0
Restricted cash included in Other current assets 2 3 3
Restricted cash included in Other, net noncurrent assets 13 18 24
Total $ 409 $ 427 $ 1,717