Guarantor Financial Information (Tables)

6 Months Ended

Sep. 30, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

	September 30, 2019
	Parent/Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	3,876	$	386	$	—		$	4,262
Short-term investments	—		61		—		—			61
Accounts and notes receivable, net	96		220		3,723		(316		)	3,723
Current portion of notes receivable from consolidated affiliates	—		424		—		(424		)	—
Device and accessory inventory	—		—		963		—			963
Prepaid expenses and other current assets	—		9		1,188		—			1,197
Total current assets	96		4,590		6,260		(740		)	10,206
Investments in subsidiaries	25,567		17,144		—		(42,711		)	—
Property, plant and equipment, net	—		—		20,562		—			20,562
Costs to acquire a customer contract	—		—		1,712		—			1,712
Operating lease right-of-use assets	—		—		6,885		—			6,885
Due from consolidated affiliates	290		5,215		—		(5,505		)	—
Notes receivable from consolidated affiliates	11,895		23,143		—		(35,038		)	—
Intangible assets
Goodwill	—		—		4,598		—			4,598
FCC licenses and other	—		—		41,481		—			41,481
Definite-lived intangible assets, net	—		—		1,413		—			1,413
Other assets	—		40		1,031		—			1,071
Total assets	$	37,848	$	50,132	$	83,942	$	(83,994	)	$	87,928
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	—	$	—	$	3,918	$	—		$	3,918
Accrued expenses and other current liabilities	103		228		3,183		(316		)	3,198
Current operating lease liabilities	—		—		1,835		—			1,835
Current portion of long-term debt, financing and finance lease obligations	—		2,574		1,527		—			4,101
Current portion of notes payable to consolidated affiliates	—		—		424		(424		)	—
Total current liabilities	103		2,802		10,887		(740		)	13,052
Long-term debt, financing and finance lease obligations	11,895		9,105		12,268		—			33,268
Long-term operating lease liabilities	—		—		5,667		—			5,667
Notes payable to consolidated affiliates	—		11,895		23,143		(35,038		)	—
Deferred tax liabilities	—		—		7,489		—			7,489
Other liabilities	—		763		1,792		—			2,555
Due to consolidated affiliates	—		—		5,505		(5,505		)	—
Total liabilities	11,998		24,565		66,751		(41,283		)	62,031
Commitments and contingencies
Total stockholders' equity	25,850		25,567		17,144		(42,711		)	25,850
Noncontrolling interests	—		—		47		—			47
Total equity	25,850		25,567		17,191		(42,711		)	25,897
Total liabilities and equity	$	37,848	$	50,132	$	83,942	$	(83,994	)	$	87,928

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

	Six Months Ended September 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	$	—		$	(88	)	$	4,898		$	—		$	4,810
Cash flows from investing activities:
Capital expenditures - network and other	—			—			(2,298		)	—			(2,298		)
Capital expenditures - leased devices	—			—			(3,302		)	—			(3,302		)
Expenditures relating to FCC licenses	—			—			(16		)	—			(16		)
Proceeds from sales and maturities of short-term investments	—			67			—			—			67
Purchases of short-term investments	—			(61		)	—			—			(61		)
Change in amounts due from/due to consolidated affiliates	33			(2,743		)	—			2,710			—
Proceeds from sales of assets and FCC licenses	—			—			599			—			599
Proceeds from intercompany note advance to consolidated affiliate	—			424			—			(424		)	—
Other, net	—			3			(12		)	—			(9		)
Net cash provided by (used in) investing activities	33			(2,310		)	(5,029		)	2,286			(5,020		)
Cash flows from financing activities:
Proceeds from debt and financings	—			—			3,364			—			3,364
Repayments of debt, financing and finance lease obligations	—			(330		)	(5,496		)	—			(5,826		)
Debt financing costs	—			(2		)	(10		)	—			(12		)
Proceeds from issuance of common stock, net	(33		)	—			—			—			(33		)
Change in amounts due from/due to consolidated affiliates	—			—			2,710			(2,710		)	—
Repayments of intercompany note advance from parent	—			—			(424		)	424			—
Net cash (used in) provided by financing activities	(33		)	(332		)	144			(2,286		)	(2,507		)
Net (decrease) increase in cash, cash equivalents and restricted cash	—			(2,730		)	13			—			(2,717		)
Cash, cash equivalents and restricted cash, beginning of period	—			6,606			457			—			7,063
Cash, cash equivalents and restricted cash, end of period	$	—		$	3,876		$	470		$	—		$	4,346

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Six Months Ended September 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	$	—		$	(209	)	$	5,566		$	—		$	5,357
Cash flows from investing activities:
Capital expenditures - network and other	—			—			(2,398		)	—			(2,398		)
Capital expenditures - leased devices	—			—			(3,524		)	—			(3,524		)
Expenditures relating to FCC licenses	—			—			(70		)	—			(70		)
Proceeds from sales and maturities of short-term investments	—			4,002			—			—			4,002
Purchases of short-term investments	—			(4,834		)	—			—			(4,834		)
Change in amounts due from/due to consolidated affiliates	(248		)	(320		)	—			568			—
Proceeds from sales of assets and FCC licenses	—			—			272			—			272
Proceeds from deferred purchase price from sale of receivables	—			—			223			—			223
Proceeds from intercompany note advance to consolidated affiliate	—			424			—			(424		)	—
Other, net	—			—			42			—			42
Net cash (used in) provided by investing activities	(248		)	(728		)	(5,455		)	144			(6,287		)
Cash flows from financing activities:
Proceeds from debt and financings	—			—			2,944			—			2,944
Repayments of debt, financing and finance lease obligations	—			(20		)	(2,908		)	—			(2,928		)
Debt financing costs	(28		)	(9		)	(211		)	—			(248		)
Proceeds from issuance of common stock, net	276			—			—			—			276
Change in amounts due from/due to consolidated affiliates	—			—			568			(568		)	—
Repayments of intercompany note advance from parent	—			—			(424		)	424			—
Net cash provided by (used in) financing activities	248			(29		)	(31		)	(144		)	44
Net (decrease) increase in cash, cash equivalents and restricted cash	—			(966		)	80			—			(886		)
Cash, cash equivalents and restricted cash, beginning of period	—			6,222			437			—			6,659
Cash, cash equivalents and restricted cash, end of period	$	—		$	5,256		$	517		$	—		$	5,773