Guarantor Financial Information (Tables)

9 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

	December 31, 2019
	Parent/Issuer		Subsidiary Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	2,932	$	247	$	—		$	3,179
Short-term investments	—		62		—		—			62
Accounts and notes receivable, net	233		473		3,873		(706		)	3,873
Current portion of notes receivable from consolidated affiliates	—		424		—		(424		)	—
Device and accessory inventory	—		—		1,117		—			1,117
Prepaid expenses and other current assets	—		15		1,209		—			1,224
Total current assets	233		3,906		6,446		(1,130		)	9,455
Investments in subsidiaries	25,471		17,021		—		(42,492		)	—
Property, plant and equipment, net	—		—		20,827		—			20,827
Costs to acquire a customer contract	—		—		1,808		—			1,808
Operating lease right-of-use assets	—		—		6,713		—			6,713
Due from consolidated affiliates	290		6,109		—		(6,399		)	—
Notes receivable from consolidated affiliates	11,902		23,143		—		(35,045		)	—
Intangible assets
Goodwill	—		—		4,598		—			4,598
FCC licenses and other	—		—		41,492		—			41,492
Definite-lived intangible assets, net	—		—		918		—			918
Other assets	—		40		1,051		—			1,091
Total assets	$	37,896	$	50,219	$	83,853	$	(85,066	)	$	86,902
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	—	$	—	$	3,396	$	—		$	3,396
Accrued expenses and other current liabilities	239		346		3,456		(706		)	3,335
Current operating lease liabilities	—		—		1,860		—			1,860
Current portion of long-term debt, financing and finance lease obligations	—		2,569		1,311		—			3,880
Current portion of notes payable to consolidated affiliates	—		—		424		(424		)	—
Total current liabilities	239		2,915		10,447		(1,130		)	12,471
Long-term debt, financing and finance lease obligations	11,902		9,085		12,520		—			33,507
Long-term operating lease liabilities	—		—		5,423		—			5,423
Notes payable to consolidated affiliates	—		11,902		23,143		(35,045		)	—
Deferred tax liabilities	—		—		7,038		—			7,038
Other liabilities	—		846		1,862		—			2,708
Due to consolidated affiliates	—		—		6,399		(6,399		)	—
Total liabilities	12,141		24,748		66,832		(42,574		)	61,147
Commitments and contingencies
Total stockholders' equity	25,755		25,471		17,021		(42,492		)	25,755
Noncontrolling interests	—		—		—		—			—
Total equity	25,755		25,471		17,021		(42,492		)	25,755
Total liabilities and equity	$	37,896	$	50,219	$	83,853	$	(85,066	)	$	86,902

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

	Nine Months Ended December 31, 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	$	—		$	(197	)	$	6,962		$	—		$	6,765
Cash flows from investing activities:
Capital expenditures - network and other	—			—			(3,360		)	—			(3,360		)
Capital expenditures - leased devices	—			—			(5,449		)	—			(5,449		)
Expenditures relating to FCC licenses	—			—			(24		)	—			(24		)
Proceeds from sales and maturities of short-term investments	—			79			—			—			79
Purchases of short-term investments	—			(74		)	—			—			(74		)
Change in amounts due from/due to consolidated affiliates	29			(3,560		)	—			3,531			—
Proceeds from sales of assets and FCC licenses	—			—			819			—			819
Proceeds from corporate owned life insurance policies	—			5			—			—			5
Proceeds from intercompany note advance to consolidated affiliate	—			424			—			(424		)	—
Other, net	—			—			(27		)	—			(27		)
Net cash provided by (used in) investing activities	29			(3,126		)	(8,041		)	3,107			(8,031		)
Cash flows from financing activities:
Proceeds from debt and financings	—			—			4,731			—			4,731
Repayments of debt, financing and finance lease obligations	—			(345		)	(6,843		)	—			(7,188		)
Debt financing costs	—			(3		)	(9		)	—			(12		)
Proceeds from issuance of common stock, net	(29		)	—			—			—			(29		)
Acquisition of noncontrolling interest	—			(3		)	(30		)	—			(33		)
Change in amounts due from/due to consolidated affiliates	—			—			3,531			(3,531		)	—
Repayments of intercompany note advance from parent	—			—			(424		)	424			—
Other, net	—			—			1			—			1
Net cash (used in) provided by financing activities	(29		)	(351		)	957			(3,107		)	(2,530		)
Net decrease in cash, cash equivalents and restricted cash	—			(3,674		)	(122		)	—			(3,796		)
Cash, cash equivalents and restricted cash, beginning of period	—			6,606			457			—			7,063
Cash, cash equivalents and restricted cash, end of period	$	—		$	2,932		$	335		$	—		$	3,267

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Nine Months Ended December 31, 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	$	—		$	(408	)	$	7,990		$	—		$	7,582
Cash flows from investing activities:
Capital expenditures - network and other	—			—			(3,814		)	—			(3,814		)
Capital expenditures - leased devices	—			—			(5,739		)	—			(5,739		)
Expenditures relating to FCC licenses	—			—			(145		)	—			(145		)
Proceeds from sales and maturities of short-term investments	—			6,619			—			—			6,619
Purchases of short-term investments	—			(5,152		)	—			—			(5,152		)
Change in amounts due from/due to consolidated affiliates	(253		)	(1,285		)	—			1,538			—
Proceeds from sales of assets and FCC licenses	—			—			416			—			416
Proceeds from deferred purchase price from sale of receivables	—			—			223			—			223
Proceeds from corporate owned life insurance policies	—			110			—			—			110
Proceeds from intercompany note advance to consolidated affiliate	—			424			—			(424		)	—
Other, net	—			—			52			—			52
Net cash (used in) provided by investing activities	(253		)	716			(9,007		)	1,114			(7,430		)
Cash flows from financing activities:
Proceeds from debt and financings	—			1,100			5,316			—			6,416
Repayments of debt, financing and finance lease obligations	—			(1,783		)	(5,154		)	—			(6,937		)
Debt financing costs	(28		)	(47		)	(211		)	—			(286		)
Proceeds from issuance of common stock, net	281			—			—			—			281
Change in amounts due from/due to consolidated affiliates	—			—			1,538			(1,538		)	—
Repayments of intercompany note advance from parent	—			—			(424		)	424			—
Net cash provided by (used in) financing activities	253			(730		)	1,065			(1,114		)	(526		)
Net (decrease) increase in cash, cash equivalents and restricted cash	—			(422		)	48			—			(374		)
Cash, cash equivalents and restricted cash, beginning of period	—			6,222			437			—			6,659
Cash, cash equivalents and restricted cash, end of period	$	—		$	5,800		$	485		$	—		$	6,285