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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities      
Net Income $ 21,748 $ 22,618 $ 18,348
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 17,099 16,206 16,720
Employee retirement benefits (2,046) (3,391) 840
Deferred income taxes 2,973 4,264 1,553
Provision for expected credit losses 1,611 789 1,380
Equity in losses (earnings) of unconsolidated businesses, net of dividends received (10) 36 91
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses:      
Accounts receivable (1,978) (1,592) 189
Inventories 627 (905) (369)
Prepaid expenses and other 928 150 1,202
Accounts payable and accrued liabilities and Other current liabilities (33) 1,457 (966)
Other, net (3,778) (93) 2,780
Net cash provided by operating activities 37,141 39,539 41,768
Cash Flows from Investing Activities      
Capital expenditures (including capitalized software) (23,087) (20,286) (18,192)
Cash received (paid) related to acquisitions of businesses, net of cash acquired 248 (4,065) (520)
Acquisitions of wireless licenses (3,653) (47,596) (3,896)
Collateral payments related to derivative contracts, net of repayments (2,265) (21) 0
Proceeds from disposition of business 33 4,122 0
Other, net 62 693 (904)
Net cash used in investing activities (28,662) (67,153) (23,512)
Cash Flows from Financing Activities      
Proceeds from long-term borrowings 7,074 33,034 25,822
Proceeds from asset-backed long-term borrowings 10,732 8,383 5,635
Net proceeds from (repayments of) short-term commercial paper 106 0 (9)
Repayments of long-term borrowings and finance lease obligations (8,616) (14,063) (9,775)
Repayments of asset-backed long-term borrowings (4,948) (4,800) (7,413)
Dividends paid (10,805) (10,445) (10,232)
Other, net (2,072) (3,832) (2,703)
Net cash provided by (used in) financing activities (8,529) 8,277 1,325
Increase (decrease) in cash, cash equivalents and restricted cash (50) (19,337) 19,581
Cash, cash equivalents and restricted cash, beginning of period 4,161 23,498 3,917
Cash, cash equivalents and restricted cash, end of period $ 4,111 $ 4,161 $ 23,498