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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities    
Net Income $ 13,974 $ 11,767
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 13,051 12,498
Employee retirement benefits (886) (334)
Deferred income taxes 2,023 2,577
Provision for uncollectible accounts 699 842
Equity in losses of unconsolidated businesses, net of dividends received 291 100
Net gain on sale of divested businesses 0 (1,774)
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses (1,944) (6,257)
Discretionary employee benefits contributions (1,679) (3,411)
Other, net 715 467
Net cash provided by operating activities 26,244 16,475
Cash Flows from Investing Activities    
Capital expenditures (including capitalized software) (12,026) (11,282)
Acquisitions of businesses, net of cash acquired (39) (6,247)
Acquisitions of wireless licenses (1,307) (469)
Proceeds from dispositions of businesses 0 3,614
Other, net 236 1,397
Net cash used in investing activities (13,136) (12,987)
Cash Flows from Financing Activities    
Proceeds from long-term borrowings 5,932 21,915
Proceeds from asset-backed long-term borrowings 3,216 2,878
Repayments of long-term borrowings and capital lease obligations (9,776) (16,457)
Repayments of asset-backed long-term borrowings (2,915) 0
Dividends paid (7,283) (7,067)
Other, net (1,595) (2,866)
Net cash used in financing activities (12,421) (1,597)
Increase in cash, cash equivalents and restricted cash 687 1,891
Cash, cash equivalents and restricted cash, beginning of period 2,888 3,177
Cash, cash equivalents and restricted cash, end of period (Note 1) $ 3,575 $ 5,068