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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES      
Net (loss) income $ (5,269) $ (1,733) $ 1,389
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 4,829 5,120 3,936
Impairment of goodwill and other assets 6,506 2,746 0
Deferred income taxes 440 522 (931)
Loss on the sale of data centers and colocation business 0 0 82
Provision for uncollectible accounts 145 153 176
Net (gain) loss on early retirement and modification of debt (72) 7 5
Share-based compensation 162 186 111
Changes in current assets and liabilities:      
Accounts receivable (5) 25 31
Accounts payable (261) 124 (123)
Accrued income and other taxes 20 75 54
Other current assets and liabilities, net (32) 127 (614)
Retirement benefits (12) (667) (202)
Changes in other noncurrent assets and liabilities, net 245 329 (174)
Other, net 16 (18) (138)
Net cash provided by operating activities 6,680 7,032 3,878
INVESTING ACTIVITIES      
Capitalized expenditures (3,628) (3,175) (3,106)
Cash paid for Level 3 acquisition, net of $2.3 billion cash acquired 0 0 (7,289)
Proceeds from sale of property, plant and equipment and other assets 93 158 1,529
Other, net (35) (61) (5)
Net cash used in investing activities (3,570) (3,078) (8,871)
FINANCING ACTIVITIES      
Net proceeds from issuance of long-term debt 3,707 130 8,398
Proceeds from financing obligation (Note 3) 0 0 356
Payments of long-term debt (4,157) (1,936) (1,963)
Net proceeds (payments) on credit facility and revolving line of credit (300) 145 35
Dividends paid (1,100) (2,312) (1,453)
Other, net (61) (50) (17)
Net cash (used in) provided by financing activities (1,911) (4,023) 5,356
Net increase (decrease) in cash, cash equivalents and restricted cash 1,199 (69) 363
Cash, cash equivalents and restricted cash at beginning of period 518 587 224
Cash, cash equivalents and restricted cash at end of period 1,717 518 587
Supplemental cash flow information:      
Income taxes received (paid), net 34 674 (392)
Interest paid (net of capitalized interest of $72, $53 and $78) (2,028) (2,138) (1,401)
Cash, cash equivalents and restricted cash:      
Total $ 1,717 $ 587 $ 587