v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 3,768 $ 3,512
Adjustments to reconcile consolidated net income to net cash flows from operating activities:    
Depreciation and amortization 4,342 4,345
Stock compensation expense 379 367
Noncash interest, net 5 7
Deferred income taxes 0 41
Other, net 304 101
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable (288) (32)
Prepaid expenses and other assets (133) (223)
Accounts payable, accrued liabilities and other 116 (274)
Net cash flows from operating activities 8,475 7,641
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (5,273) (5,644)
Change in accrued expenses related to capital expenditures 47 233
Other, net (166) (225)
Net cash flows from investing activities (5,392) (5,636)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings of long-term debt 5,116 14,743
Borrowings of equipment installment plan financing facility 233 876
Repayments of long-term debt (4,793) (15,784)
Payments for debt issuance costs (1) (27)
Distributions to parent (3,356) (1,630)
Contributions from parent 60 11
Distributions to noncontrolling interest (2) (2)
Other, net (192) (211)
Net cash flows from financing activities (2,935) (2,024)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 148 (19)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 301 471
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 449 452
CASH PAID FOR INTEREST 2,426 2,582
CASH PAID FOR INCOME TAXES 23 18
Restricted cash 43 40
Related Party    
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:    
Receivables from and payables to related party $ (18) $ (203)