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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net Income $ 19,788 $ 16,039 $ 30,550
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 16,682 17,403 16,954
Employee retirement benefits (284) (2,657) 440
Deferred income taxes 1,232 389 (14,463)
Provision for uncollectible accounts 1,588 980 1,167
Equity in losses of unconsolidated businesses, net of dividends received 74 231 117
Net loss (gain) on sale of divested businesses 94 0 (1,774)
Media goodwill impairment 186 4,591 0
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses:      
Accounts receivable (1,471) (2,667) (5,674)
Inventories (76) (324) 168
Prepaid expenses and other (2,807) 37 27
Accounts payable and accrued liabilities and Other current liabilities (2,359) 1,777 (459)
Discretionary employee benefits contributions (300) (1,679) (3,411)
Other, net 3,399 219 676
Net cash provided by operating activities 35,746 34,339 24,318
Cash Flows from Investing Activities      
Capital expenditures (including capitalized software) (17,939) (16,658) (17,247)
Acquisitions of businesses, net of cash acquired (29) (230) (5,880)
Acquisitions of wireless licenses (898) (1,429) (583)
Proceeds from dispositions of businesses 28 0 3,614
Other, net 1,257 383 1,640
Net cash used in investing activities (17,581) (17,934) (18,456)
Cash Flows from Financing Activities      
Proceeds from long-term borrowings 10,079 5,967 27,707
Proceeds from asset-backed long-term borrowings 8,576 4,810 4,290
Repayments of long-term borrowings and finance lease obligations (17,584) (10,923) (23,837)
Repayments of asset-backed long-term borrowings (6,302) (3,635) (400)
Dividends paid (10,016) (9,772) (9,472)
Other, net (2,917) (1,824) (4,439)
Net cash used in financing activities (18,164) (15,377) (6,151)
Increase (decrease) in cash, cash equivalents and restricted cash 1 1,028 (289)
Cash, cash equivalents and restricted cash, beginning of period 3,916 2,888 3,177
Cash, cash equivalents and restricted cash, end of period $ 3,917 $ 3,916 $ 2,888