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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES    
Net income $ 407 $ 180
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,573 1,829
Deferred income taxes 400 (126)
Loss on the sale of data centers and colocation business 0 119
Impairment of assets 28 11
Provision for uncollectible accounts 83 78
Share-based compensation 95 43
Changes in current assets and liabilities:    
Accounts receivable 35 71
Accounts payable (173) (112)
Accrued income and other taxes (147) 29
Other current assets and liabilities, net (276) (306)
Retirement benefits (195) (56)
Changes in other noncurrent assets and liabilities, net 400 (92)
Other, net 19 74
Net cash provided by operating activities 3,249 1,742
INVESTING ACTIVITIES    
Capital expenditures (1,576) (1,610)
Proceeds from the sale of data centers and colocation business, less cash sold 0 1,473
Proceeds from sale of property, plant and equipment and other assets 125 48
Other investing, net (61) (5)
Net cash used in investing activities (1,512) (94)
FINANCING ACTIVITIES    
Net proceeds from issuance of long-term debt 130 6,608
Proceeds from financing obligation 0 378
Payments of long-term debt (123) (1,530)
Net payments on revolving line of credit (405) (370)
Dividends paid (1,156) (590)
Other financing, net (36) (11)
Net cash (used in) provided by financing activities (1,590) 4,485
Effect of exchange rates on cash, cash equivalents, restricted cash and securities (2) 0
Net increase in cash, cash equivalents, restricted cash and securities 145 6,133
Cash, cash equivalents, restricted cash and securities at beginning of period 587 224
Cash, cash equivalents, restricted cash and securities at end of period 732 6,357
Supplemental cash flow information:    
Income taxes refunded (paid), net 292 (260)
Interest paid (net of capitalized interest of $28 and $41) $ (1,061) $ (624)