Guarantor Financial Information (Tables)

3 Months Ended

Jun. 30, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

	June 30, 2019
	Parent/Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	4,469	$	400	$	—		$	4,869
Accounts and notes receivable, net	233		473		3,558		(706		)	3,558
Current portion of notes receivable from consolidated affiliates	—		424		—		(424		)	—
Device and accessory inventory	—		—		726		—			726
Prepaid expenses and other current assets	—		17		1,419		—			1,436
Total current assets	233		5,383		6,103		(1,130		)	10,589
Investments in subsidiaries	25,832		17,396		—		(43,228		)	—
Property, plant and equipment, net	—		—		20,556		—			20,556
Costs to acquire a customer contract	—		—		1,631		—			1,631
Operating lease right-of-use assets	—		—		7,054		—			7,054
Due from consolidated affiliates	290		4,900		—		(5,190		)	—
Notes receivable from consolidated affiliates	11,889		23,143		—		(35,032		)	—
Intangible assets
Goodwill	—		—		4,598		—			4,598
FCC licenses and other	—		—		41,474		—			41,474
Definite-lived intangible assets, net	—		—		1,525		—			1,525
Other assets	—		40		1,079		—			1,119
Total assets	$	38,244	$	50,862	$	84,020	$	(84,580	)	$	88,546
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	—	$	—	$	3,672	$	—		$	3,672
Accrued expenses and other current liabilities	239		348		3,167		(706		)	3,048
Current operating lease liabilities	—		—		1,680		—			1,680
Current portion of long-term debt, financing and finance lease obligations	—		1,369		1,520		—			2,889
Current portion of notes payable to consolidated affiliates	—		—		424		(424		)	—
Total current liabilities	239		1,717		10,463		(1,130		)	11,289
Long-term debt, financing and finance lease obligations	11,889		10,636		12,548		—			35,073
Long-term operating lease liabilities	—		—		5,913		—			5,913
Notes payable to consolidated affiliates	—		11,889		23,143		(35,032		)	—
Deferred tax liabilities	—		—		7,563		—			7,563
Other liabilities	—		788		1,752		—			2,540
Due to consolidated affiliates	—		—		5,190		(5,190		)	—
Total liabilities	12,128		25,030		66,572		(41,352		)	62,378
Commitments and contingencies
Total stockholders' equity	26,116		25,832		17,396		(43,228		)	26,116
Noncontrolling interests	—		—		52		—			52
Total equity	26,116		25,832		17,448		(43,228		)	26,168
Total liabilities and equity	$	38,244	$	50,862	$	84,020	$	(84,580	)	$	88,546

CONDENSED CONSOLIDATING BALANCE SHEET

	March 31, 2019
	Parent/Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	6,605	$	377	$	—		$	6,982
Short-term investments	—		67		—		—			67
Accounts and notes receivable, net	96		233		3,554		(329		)	3,554
Current portion of notes receivable from consolidated affiliates	—		424		—		(424		)	—
Device and accessory inventory	—		—		999		—			999
Prepaid expenses and other current assets	—		9		1,280		—			1,289
Total current assets	96		7,338		6,210		(753		)	12,891
Investments in subsidiaries	25,785		17,363		—		(43,148		)	—
Property, plant and equipment, net	—		—		21,201		—			21,201
Costs to acquire a customer contract	—		—		1,559		—			1,559
Due from consolidated affiliates	288		2,418		—		(2,706		)	—
Notes receivable from consolidated affiliates	11,883		23,567		—		(35,450		)	—
Intangible assets
Goodwill	—		—		4,598		—			4,598
FCC licenses and other	—		—		41,465		—			41,465
Definite-lived intangible assets, net	—		—		1,769		—			1,769
Other assets	—		52		1,066		—			1,118
Total assets	$	38,052	$	50,738	$	77,868	$	(82,057	)	$	84,601
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	—	$	—	$	3,961	$	—		$	3,961
Accrued expenses and other current liabilities	97		230		3,599		(329		)	3,597
Current portion of long-term debt, financing and finance lease obligations	—		1,373		3,184		—			4,557
Current portion of notes payable to consolidated affiliates	—		—		424		(424		)	—
Total current liabilities	97		1,603		11,168		(753		)	12,115
Long-term debt, financing and finance lease obligations	11,883		10,660		12,823		—			35,366
Notes payable to consolidated affiliates	—		11,883		23,567		(35,450		)	—
Deferred tax liabilities	—		—		7,556		—			7,556
Other liabilities	—		807		2,630		—			3,437
Due to consolidated affiliates	—		—		2,706		(2,706		)	—
Total liabilities	11,980		24,953		60,450		(38,909		)	58,474
Commitments and contingencies
Total stockholders' equity	26,072		25,785		17,363		(43,148		)	26,072
Noncontrolling interests	—		—		55		—			55
Total equity	26,072		25,785		17,418		(43,148		)	26,127
Total liabilities and equity	$	38,052	$	50,738	$	77,868	$	(82,057	)	$	84,601

Condensed Cash Flow Statement

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Three Months Ended June 30, 2019
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	—		$	(186	)	$	2,430		$	—		$	2,244
Cash flows from investing activities:
Capital expenditures - network and other	—			—			(1,189		)	—			(1,189		)
Capital expenditures - leased devices	—			—			(1,516		)	—			(1,516		)
Expenditures relating to FCC licenses	—			—			(9		)	—			(9		)
Purchases of short-term investments	—			67			—			—			67
Change in amounts due from/due to consolidated affiliates	17			(2,427		)	—			2,410			—
Proceeds from sales of assets and FCC licenses	—			—			182			—			182
Proceeds from intercompany note advance to consolidated affiliate	—			424			—			(424		)	—
Other, net	—			2			(5		)	—			(3		)
Net cash provided by (used in) investing activities	17			(1,934		)	(2,537		)	1,986			(2,468		)
Cash flows from financing activities:
Proceeds from debt and financings	—			—			1,061			—			1,061
Repayments of debt, financing and finance lease obligations	—			(15		)	(2,904		)	—			(2,919		)
Debt financing costs	—			(2		)	(10		)	—			(12		)
Proceeds from issuance of common stock, net	(17		)	—			—			—			(17		)
Change in amounts due from/due to consolidated affiliates	—			—			2,410			(2,410		)	—
Repayments of intercompany note advance from parent	—			—			(424		)	424			—
Net cash (used in) provided by financing activities	(17		)	(17		)	133			(1,986		)	(1,887		)
Net (decrease) increase in cash, cash equivalents and restricted cash	—			(2,137		)	26			—			(2,111		)
Cash, cash equivalents and restricted cash, beginning of period	—			6,606			457			—			7,063
Cash, cash equivalents and restricted cash, end of period	$	—		$	4,469		$	483		$	—		$	4,952

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Three Months Ended June 30, 2018
	Parent/Issuer			Subsidiary Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	—		$	(231	)	$	2,661		$	—		$	2,430
Cash flows from investing activities:
Capital expenditures - network and other	—			—			(1,132		)	—			(1,132		)
Capital expenditures - leased devices	—			—			(1,817		)	—			(1,817		)
Expenditures relating to FCC licenses	—			—			(59		)	—			(59		)
Proceeds from sales and maturities of short-term investments	—			810			—			—			810
Purchases of short-term investments	—			(2,464		)	—			—			(2,464		)
Change in amounts due from/due to consolidated affiliates	28			(778		)	—			750			—
Proceeds from sales of assets and FCC licenses	—			—			133			—			133
Proceeds from deferred purchase price from sale of receivables	—			—			170			—			170
Proceeds from intercompany note advance to consolidated affiliate	—			424			—			(424		)	—
Other, net	—			—			(10		)	—			(10		)
Net cash provided by (used in) investing activities	28			(2,008		)	(2,715		)	326			(4,369		)
Cash flows from financing activities:
Proceeds from debt and financings	—			—			1,370			—			1,370
Repayments of debt, financing and finance lease obligations	—			(10		)	(1,405		)	—			(1,415		)
Debt financing costs	(28		)	(9		)	(211		)	—			(248		)
Change in amounts due from/due to consolidated affiliates	—			—			750			(750		)	—
Repayments of intercompany note advance from parent	—			—			(424		)	424			—
Other, net	—			(2		)	—			—			(2		)
Net cash (used in) provided by financing activities	(28		)	(21		)	80			(326		)	(295		)
Net (decrease) increase in cash, cash equivalents and restricted cash	—			(2,260		)	26			—			(2,234		)
Cash, cash equivalents and restricted cash, beginning of period	—			6,222			437			—			6,659
Cash, cash equivalents and restricted cash, end of period	$	—		$	3,962		$	463		$	—		$	4,425