XML 20 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities    
Net Income $ 8,912 $ 8,031
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 8,674 8,226
Employee retirement benefits (300) (223)
Deferred income taxes 1,354 1,880
Provision for uncollectible accounts 462 632
Equity in losses of unconsolidated businesses, net of dividends received 268 67
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses (1,538) (3,721)
Discretionary employee benefits contributions (1,679) (3,411)
Net gain on sale of divested businesses 0 (1,774)
Other, net 280 (401)
Net cash provided by operating activities 16,433 9,306
Cash Flows from Investing Activities    
Capital expenditures (including capitalized software) (7,838) (7,011)
Acquisitions of businesses, net of cash acquired (38) (6,231)
Acquisitions of wireless licenses (1,155) (315)
Proceeds from dispositions of businesses 0 3,512
Other, net 303 786
Net cash used in investing activities (8,728) (9,259)
Cash Flows from Financing Activities    
Proceeds from long-term borrowings 4,584 16,009
Proceeds from asset-backed long-term borrowings 1,716 2,878
Repayments of long-term borrowings and capital lease obligations (6,568) (10,294)
Repayments of asset-backed long-term borrowings (2,000) 0
Decrease in short-term obligations, excluding current maturities (210) (152)
Dividends paid (4,845) (4,710)
Other, net (542) (1,831)
Net cash provided by (used in) financing activities (7,865) 1,900
Increase (decrease) in cash, cash equivalents and restricted cash (160) 1,947
Cash, cash equivalents and restricted cash, beginning of period 2,888 3,177
Cash, cash equivalents and restricted cash, end of period (Note 1) $ 2,728 $ 5,124