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Consolidated Statements of Cash Flows
$ in Millions
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash Flows from Operating Activities:      
Net income $ 677 $ 3,433 $ 314
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,250 1,166 808
Loss on impairment 0 0 18
Non-cash compensation expense attributable to stock awards 156 141 73
Loss on modification and extinguishment of debt 40 218 53
Venezuela deconsolidation charge 0 171 0
Accretion of debt discount and amortization of debt issuance costs 21 24 36
Accrued interest on long-term debt, net 21 (57) 12
Non-cash tax adjustments 0 0 (7)
Deferred income taxes 123 (3,202) (116)
(Gain) loss on sale of property, plant, and equipment and other assets (2) 1 (3)
Other, net (10) 35 (8)
Changes in working capital items:      
Receivables 31 (87) 9
Other current assets (36) (11) 2
Payables 83 4 (77)
Deferred revenue 18 88 6
Other current liabilities (29) (69) 41
Net Cash Provided by Operating Activities 2,343 1,855 1,161
Cash Flows from Investing Activities:      
Capital expenditures (1,334) (1,229) (910)
Cash related to deconsolidated Venezuela operations 0 (83) 0
Change in restricted cash and securities, net 12 (22) (10)
Proceeds from sale of property, plant and equipment and other assets 3 4 3
Investment in tw telecom, net of cash acquired 0 0 (167)
Other 0 (14) (2)
Net Cash Used in Investing Activities (1,319) (1,344) (1,086)
Cash Flows from Financing Activities:      
Long-term debt borrowings, net of issuance costs 764 4,832 589
Payments on and repurchases of long-term debt and capital leases (820) (5,051) (671)
Net Cash Used in Financing Activities (56) (219) (82)
Effect of Exchange Rates on Cash and Cash Equivalents (3) (18) (44)
Net Change in Cash and Cash Equivalents 965 274 (51)
Cash and Cash Equivalents at Beginning of Year 854 580 631
Cash and Cash Equivalents at End of Year 1,819 854 580
Supplemental Disclosure of Cash Flow Information:      
Cash interest paid 508 668 598
Income taxes paid, net of refunds 35 50 44
Non-cash Investing and Financing Activities:      
Capital lease obligations incurred 1 6 2
Long-term debt conversion into equity 0 333 142
Accrued interest conversion into equity 0 10 2
Long-term debt issued and proceeds placed in escrow 0 0 3,000
Escrowed securities used in the acquisition of tw telecom $ 0 $ 0 $ 3,014