XML 22 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows provided from (used by) operating activities:    
Net loss $ (213) $ (79)
Adjustments to reconcile net loss to net cash provided from (used by) operating activities:    
Depreciation and amortization 891 676
Pension/OPEB costs 35  
Stock based compensation expense 15 12
Amortization of deferred financing costs 28 138
Other non-cash adjustments 2 (10)
Deferred income taxes (171) 115
Change in accounts receivable (141) 77
Change in accounts payable and other liabilities 170 (99)
Change in prepaid expenses, income taxes and other current assets 15 (214)
Net cash provided from operating activities 631 616
Cash flows provided from (used by) investing activities:    
Cash paid for the Verizon Acquisition (9,886)  
Capital expenditures - Business operations (557) (348)
Capital expenditures - Integration activities (88) (38)
Network expansion funded by Connect America Fund - Phase I   (16)
Cash transferred from escrow 8,444 (1,840)
Cash paid for an acquisition, net of cash acquired   (16)
Other 6 1
Net cash used by investing activities (2,081) (2,257)
Cash flows provided from (used by) financing activities:    
Proceeds from long-term debt borrowings 1,625 3
Financing costs paid (7)  
Long-term debt payments (69) (250)
Proceeds from issuance of common stock, net   799
Proceeds from issuance of preferred stock, net   1,866
Dividends paid on common stock (246) (211)
Dividends paid on preferred stock (107)  
Other 1 (2)
Net cash provided from financing activities 1,197 2,205
Increase/(Decrease) in cash and cash equivalents (253) 564
Cash and cash equivalents at January 1, 936 682
Cash and cash equivalents at June 30, 683 1,246
Cash paid (received) during the period for:    
Interest 711 358
Income taxes (refunds), net $ (32) $ 20