XML 68 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statement Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 147 $ 175 $ 157
Add (deduct) adjustments to reconcile net income to net cash flows from operating activities      
Depreciation, amortization and accretion 932 883 844
Bad debts expense 112 101 95
Stock-based compensation expense 59 54 46
Deferred income taxes, net 34 33 (369)
Equity in earnings of unconsolidated entities (168) (160) (137)
Distributions from unconsolidated entities 162 153 136
Loss on impairment of goodwill 0 0 262
(Gain) loss on asset disposals, net 12 9 21
(Gain) loss on sale of business and other exit costs, net (1) 0 (1)
(Gain) loss on license sales and exchanges, net 0 (18) (22)
Other operating activities 4 4 3
Changes in assets and liabilities from operations      
Accounts receivable (49) (39) (61)
Equipment installment plans receivable (97) (149) (261)
Inventory (19) (5) 6
Accounts payable (60) 2 (7)
Customer deposits and deferred revenues (9) 8 (4)
Accrued taxes (17) (29) 37
Other assets and liabilities (26) (5) 31
Net cash provided by operating activities 1,016 1,017 776
Cash flows from investing activities      
Cash paid for additions to property, plant and equipment (957) (776) (685)
Cash paid for acquisitions and licenses (346) (16) (218)
Cash received from investments 29 100 0
Cash paid for investments (11) (17) (100)
Cash received from divestitures and exchanges 41 29 21
Other investing activities (5) 0 1
Net cash used in investing activities (1,249) (680) (981)
Cash flows from financing activities      
Repayment of long-term debt (118) (20) (17)
TDS Common Shares reissued for benefit plans, net of tax payments (6) 42 4
U.S. Cellular Common Shares reissued for benefit plans, net of tax payments (9) 18 1
Repurchase of U.S. Cellular Common Shares (21) 0 0
Dividends paid to TDS shareholders (75) (72) (69)
Distributions to noncontrolling interests (4) (6) (4)
Other financing activities 13 6 8
Net cash used in financing activities (220) (32) (77)
Net increase (decrease) in cash, cash equivalents and restricted cash (453) 305 (282)
Cash, cash equivalents and restricted cash      
Beginning of period 927 622 904
End of period $ 474 $ 927 $ 622