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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net Income $ 22,618 $ 18,348 $ 19,788
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 16,206 16,720 16,682
Employee retirement benefits (3,391) 840 (284)
Deferred income taxes 4,264 1,553 1,232
Provision for expected credit losses 789 1,380 1,588
Equity in losses of unconsolidated businesses, net of dividends received 36 91 74
Media goodwill impairment 0 0 186
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses:      
Accounts receivable (1,592) 189 (1,471)
Inventories (905) (369) (76)
Prepaid expenses and other 150 1,202 (2,807)
Accounts payable and accrued liabilities and Other current liabilities 1,457 (966) (2,359)
Discretionary employee benefits contributions 0 0 (300)
Other, net (93) 2,780 3,493
Net cash provided by operating activities 39,539 41,768 35,746
Cash Flows from Investing Activities      
Capital expenditures (including capitalized software) (20,286) (18,192) (17,939)
Acquisitions of businesses, net of cash acquired (4,065) (520) (29)
Acquisitions of wireless licenses (47,596) (3,896) (898)
Proceeds from dispositions of businesses 4,122 0 28
Other, net 672 (904) 1,257
Net cash used in investing activities (67,153) (23,512) (17,581)
Cash Flows from Financing Activities      
Proceeds from long-term borrowings 33,034 25,822 10,079
Proceeds from asset-backed long-term borrowings 8,383 5,635 8,576
Repayments of long-term borrowings and finance lease obligations (14,063) (9,775) (17,584)
Repayments of asset-backed long-term borrowings (4,800) (7,413) (6,302)
Dividends paid (10,445) (10,232) (10,016)
Other, net (3,832) (2,712) (2,917)
Net cash provided by (used in) financing activities 8,277 1,325 (18,164)
Increase (decrease) in cash, cash equivalents and restricted cash (19,337) 19,581 1
Cash, cash equivalents and restricted cash, beginning of period 23,498 3,917 3,916
Cash, cash equivalents and restricted cash, end of period $ 4,161 $ 23,498 $ 3,917