XML 25 R7.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES      
Net (loss) income $ (1,733) $ 1,389 $ 626
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 5,120 3,936 3,916
Impairment of goodwill and other assets 2,746 0 13
Deferred income taxes 522 (931) 6
Loss on the sale of data centers and colocation business 0 82 0
Provision for uncollectible accounts 153 176 192
Net long-term debt issuance costs and premium amortization 13 9 2
Net loss on early retirement of debt 7 5 27
Share-based compensation 186 111 80
Changes in current assets and liabilities:      
Accounts receivable 25 31 (266)
Accounts payable 124 (123) 109
Accrued income and other taxes 75 54 (43)
Other current assets and liabilities, net 127 (614) 92
Retirement benefits (667) (202) (152)
Changes in other noncurrent assets and liabilities, net 329 (174) (18)
Other, net 5 129 24
Net cash provided by operating activities 7,032 3,878 4,608
INVESTING ACTIVITIES      
Payments for property, plant and equipment and capitalized software (3,175) (3,106) (2,981)
Cash paid for Level 3 acquisition, net of $2.3 billion cash acquired 0 (7,289) 0
Proceeds from sale of property and intangible assets 158 1,529 30
Other, net (61) (5) (43)
Net cash used in investing activities (3,078) (8,871) (2,994)
FINANCING ACTIVITIES      
Net proceeds from issuance of long-term debt 130 8,398 2,161
Proceeds from financing obligation (Note 3) 0 356 0
Payments of long-term debt (1,936) (1,963) (2,462)
Net proceeds (payments) on credit facility and revolving line of credit 145 35 (40)
Dividends paid (2,312) (1,453) (1,167)
Other, net (50) (17) (10)
Net cash (used in) provided by financing activities (4,023) 5,356 (1,518)
Net (decrease) increase in cash, cash equivalents and restricted cash (69) 363 96
Cash, cash equivalents and restricted cash at beginning of period 587 224 128
Cash, cash equivalents and restricted cash at end of period 518 587 224
Supplemental cash flow information:      
Income taxes received (paid), net 674 (392) (397)
Interest paid (net of capitalized interest of $53, $78 and $54) (2,138) (1,401) (1,301)
Cash, cash equivalents and restricted cash:      
Total $ 587 $ 224 $ 128