| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||||||
Net income (loss) | |||||||||||
-5,269 | -1,733 | 1,389 | 626 | 878 | 772 | -239 | 777 | 573 | 948 | 647 | 367 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
4,829 | 5,120 | 3,936 | 3,916 | 4,189 | 4,428 | 4,541 | 4,780 | 4,026 | 1,434 | 975 | 523 |
Impairment of goodwill (Note 2) | |||||||||||
- | - | - | - | - | - | 1,092 | 0 | 0 | - | - | - |
Impairment of goodwill and other assets | |||||||||||
6,506 | 2,746 | 0 | 13 | 9 | 32 | 0 | 0 | - | - | - | - |
Extraordinary item, net of income tax expense | |||||||||||
- | - | - | - | - | - | - | - | - | - | 136 | 0 |
Gains on asset dispositions and liquidation of marketable securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -12 |
Deferred income taxes | |||||||||||
440 | 522 | -931 | 6 | 350 | 291 | 391 | 394 | 395 | 132 | 154 | 67 |
Loss on the sale of data centers and colocation business | |||||||||||
0 | 0 | -82 | 0 | 0 | - | - | - | - | - | - | - |
Provision for uncollectible accounts | |||||||||||
145 | 153 | 176 | 192 | 177 | 159 | 152 | 187 | 153 | 91 | 57 | - |
Gain on sale of intangible assets | |||||||||||
- | - | - | - | - | - | 32 | 0 | 0 | - | - | - |
Net long-term debt issuance costs and premium amortization | |||||||||||
- | - | - | 2 | -3 | -21 | -46 | -88 | -148 | 1 | 11 | - |
Net loss (gain) on early retirement of debt | |||||||||||
72 | -7 | -5 | -27 | 0 | 0 | 10 | -179 | -8 | - | - | - |
Income from unconsolidated cellular entity | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -12 |
Distributions from unconsolidated cellular entity | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 15 |
Share-based compensation | |||||||||||
162 | 186 | 111 | 80 | 73 | 79 | 71 | 110 | - | - | - | 16 |
Changes in current assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
5 | -25 | -31 | 266 | 132 | 163 | 212 | 154 | 102 | 118 | 80 | -7 |
Accounts payable | |||||||||||
-261 | 124 | -123 | 109 | -168 | 70 | -76 | -72 | -58 | -96 | -32 | 14 |
Accrued income and other taxes | |||||||||||
20 | 75 | 54 | -43 | 32 | -84 | 28 | -14 | 31 | 38 | -150 | -64 |
Other current assets and liabilities, net | |||||||||||
32 | -127 | 614 | -92 | 53 | 270 | -263 | -16 | 76 | 127 | -121 | -15 |
Retirement benefits | |||||||||||
-12 | -667 | -202 | -152 | -141 | -184 | -342 | -169 | -688 | -271 | -82 | -26 |
Changes in other noncurrent assets and liabilities, net | |||||||||||
-245 | -329 | 174 | 18 | 77 | -99 | -8 | -161 | 6 | 13 | -40 | - |
Other, net | |||||||||||
-16 | 18 | 138 | -24 | -19 | 20 | 30 | 42 | -93 | -26 | -49 | 6 |
Cash paid for Savvis acquisition, net of $61 cash acquired | |||||||||||
- | - | - | - | - | - | - | - | 1,671 | - | - | - |
Cash acquired in Qwest acquisition, net of $5 cash paid | |||||||||||
- | - | - | - | - | - | - | - | 419 | - | - | 0 |
Cash paid for other acquisitions | |||||||||||
- | - | - | - | 4 | 93 | 160 | 0 | 0 | - | - | - |
Excess tax benefits from share-based compensation | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -1 |
Increase in other noncurrent assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 9 |
Increase in other noncurrent liabilities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -27 |
Net cash provided by operating activities | |||||||||||
6,680 | 7,032 | 3,878 | 4,608 | 5,153 | 5,188 | 5,559 | 6,065 | 4,201 | 2,045 | 1,574 | 853 |
INVESTING ACTIVITIES | |||||||||||
Capital expenditures | |||||||||||
3,628 | 3,175 | 3,106 | 2,981 | 2,872 | 3,047 | 3,048 | 2,919 | 2,411 | 864 | 755 | 286 |
Cash paid for Level 3 acquisition, net of $2.3 billion cash acquired | |||||||||||
0 | 0 | 7,289 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from sale of property, plant and equipment and other assets | |||||||||||
93 | 158 | 1,529 | 30 | 31 | 63 | 80 | 191 | 0 | - | - | - |
Cash acquired in Embarq acquisition | |||||||||||
- | - | - | - | - | - | - | - | - | - | 77 | - |
Purchase of wireless spectrum | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 148 |
Proceeds from liquidation of marketable securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 34 |
Proceeds from sale of assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 15 |
Other, net | |||||||||||
35 | 61 | 5 | 43 | 8 | 0 | 20 | -38 | -16 | -5 | 1 | 3 |
Net cash used in investing activities | |||||||||||
-3,570 | -3,078 | -8,871 | -2,994 | -2,853 | -3,077 | -3,148 | -2,690 | -3,647 | -859 | -679 | -388 |
FINANCING ACTIVITIES | |||||||||||
Net proceeds from issuance of long-term debt | |||||||||||
3,707 | 130 | 8,398 | 2,161 | 989 | 483 | 2,481 | 3,362 | 4,102 | - | 644 | 563 |
Proceeds from financing obligation (Note 3) | |||||||||||
0 | 0 | 356 | 0 | 0 | - | - | - | - | - | - | - |
Payments of long-term debt | |||||||||||
4,157 | 1,936 | 1,963 | 2,462 | 966 | 800 | 2,010 | 5,118 | 2,984 | 500 | 825 | - |
Early retirement of debt costs | |||||||||||
- | - | - | - | - | 0 | 31 | 346 | 114 | - | 7 | - |
Net proceeds from revolving line of credit | |||||||||||
-300 | 145 | 35 | -40 | 315 | 4 | -95 | 543 | -88 | -74 | 272 | - |
Dividends paid | |||||||||||
1,100 | 2,312 | 1,453 | 1,167 | 1,198 | 1,228 | 1,301 | 1,811 | 1,556 | 879 | 560 | 220 |
Payments of debt | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -285 |
Net proceeds from settlement of hedges | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -20 |
Proceeds from issuance of common stock | |||||||||||
- | - | - | - | - | 50 | 73 | 110 | 103 | 130 | 57 | 14 |
Shares withheld to satisfy tax withholdings | |||||||||||
- | - | - | - | 819 | 650 | 1,586 | 37 | 31 | 17 | 16 | 347 |
Other, net | |||||||||||
-61 | -50 | -17 | -10 | 8 | -2 | 15 | 2 | -9 | 17 | 3 | -2 |
Net cash used in financing activities | |||||||||||
-1,911 | -4,023 | 5,356 | -1,518 | -2,301 | -2,151 | -2,454 | -3,295 | -577 | -1,175 | -976 | -255 |
Other, net | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1 |
Effect of exchange rates on cash, cash equivalents, restricted cash and securities | |||||||||||
- | - | - | - | 0 | - | - | 3 | -22 | - | - | - |
Net decrease in cash, cash equivalents and restricted cash | |||||||||||
1,199 | -69 | 363 | 96 | -1 | -40 | -43 | 83 | -45 | 11 | -81 | 208 |
Supplemental cash flow information: | |||||||||||
Income taxes paid, net | |||||||||||
-34 | -674 | 392 | 397 | 63 | 27 | 48 | 82 | -118 | 424 | -257 | - |
Interest paid (net of capitalized interest of $23 and $15) | |||||||||||
2,028 | 2,138 | 1,401 | 1,301 | 1,310 | 1,338 | 1,333 | 1,405 | 1,225 | 548 | 392 | - |