XML 21 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows provided from (used by) operating activities:    
Net loss $ (293) $ (93)
Adjustments to reconcile net loss to net cash provided from (used by) operating activities:    
Depreciation and amortization 1,469 1,001
Loss on debt exchanges 7  
Pension/OPEB costs 59 (3)
Stock based compensation expense 21 19
Amortization of deferred financing costs 38 194
Deferred income taxes (163) (163)
Change in accounts receivable (56) 59
Change in accounts payable and other liabilities (118) (46)
Change in prepaid expenses, income taxes and other current assets (12) (7)
Net cash provided from operating activities 952 961
Cash flows provided from (used by) investing activities:    
Cash paid for the Verizon Acquisition (9,886)  
Capital expenditures - Business operations (960) (525)
Capital expenditures - Integration activities (99) (101)
Network expansion funded by Connect America Fund - Phase I   (22)
Cash transferred from/(to) escrow 8,444 (8,440)
Cash paid for an acquisition, net of cash acquired   (17)
Other   (2)
Net cash used by investing activities (2,501) (9,107)
Cash flows provided from (used by) financing activities:    
Proceeds from long-term debt borrowings 1,625 6,603
Financing costs paid (38) (119)
Long-term debt payments (113) (274)
Proceeds from issuance of common stock, net   799
Proceeds from issuance of preferred stock, net   1,866
Dividends paid on common stock (370) (333)
Dividends paid on preferred stock (161) (67)
Other 1  
Net cash provided from financing activities 944 8,475
Increase/(Decrease) in cash and cash equivalents (605) 329
Cash and cash equivalents at January 1, 936 682
Cash and cash equivalents at September 30, 331 1,011
Cash paid (received) during the period for:    
Interest 1,277 553
Income taxes (refunds), net $ (35) $ 27