v3.22.4
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:      
Consolidated net income $ 5,849 $ 5,320 $ 3,676
Adjustments to reconcile consolidated net income to net cash flows from operating activities:      
Depreciation and amortization 8,903 9,345 9,704
Stock compensation expense 470 430 351
Noncash interest income, net (17) (23) (41)
Deferred income taxes 87 826 465
Other, net 29 181 214
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:      
Accounts receivable (342) (35) (67)
Prepaid expenses and other assets (202) (167) (31)
Accounts payable, accrued liabilities and other 148 362 291
Net cash flows from operating activities 14,925 16,239 14,562
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (9,376) (7,635) (7,415)
Change in accrued expenses related to capital expenditures 553 80 (77)
Purchases of wireless spectrum licenses 0 0 (464)
Other, net (291) (199) (201)
Net cash flows from investing activities (9,114) (7,754) (8,157)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings of long-term debt 25,643 20,976 15,754
Repayments of long-term debt (19,311) (12,146) (12,094)
Payments for debt issuance costs (71) (102) (125)
Issuance of equity 0 0 23
Purchase of treasury stock (10,277) (15,431) (11,217)
Proceeds from exercise of stock options 5 44 184
Purchase of noncontrolling interest (1,602) (2,234) (1,462)
Distributions to noncontrolling interest (111) (75) (154)
Other, net (43) 83 138
Net cash flows from financing activities (5,767) (8,885) (8,953)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 44 (400) (2,548)
CASH AND CASH EQUIVALENTS, beginning of period 601 1,001 3,549
CASH AND CASH EQUIVALENTS, end of period 645 601 1,001
CASH PAID FOR INTEREST 4,509 4,043 3,866
CASH PAID FOR TAXES $ 1,321 $ 157 $ 123