v3.22.0.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Revenues $ 80,118 $ 68,397 $ 44,998
Operating expenses      
Selling, general and administrative 20,238 18,926 14,139
Impairment expense 0 418 0
Depreciation and amortization 16,383 14,151 6,616
Total operating expenses 73,226 61,761 39,276
Operating income 6,892 6,636 5,722
Other income (expense)      
Interest expense (3,189) (2,483) (727)
Interest expense to affiliates (173) (247) (408)
Interest income 20 29 24
Other expense, net (199) (405) (8)
Total other expense, net (3,541) (3,106) (1,119)
Income from continuing operations before income taxes 3,351 3,530 4,603
Income tax expense (327) (786) (1,135)
Income from continuing operations 3,024 2,744 3,468
Income from discontinued operations, net of tax 0 320 0
Net income 3,024 3,064 3,468
Other comprehensive income (loss), net of tax      
Unrealized gain (loss) on cash flow hedges, net of tax effect of $49, $(250) and $(187) 140 (723) (536)
Unrealized (loss) gain on foreign currency translation adjustment, net of tax effect of $0, $1 and $0 (4) 4 0
Net unrecognized gain on pension and other postretirement benefits, net of tax effect of $28, $2 and $0 80 6 0
Other comprehensive income (loss) 216 (713) (536)
Total comprehensive income $ 3,240 $ 2,351 $ 2,932
Basic earnings per share:      
Continuing operations (in USD per share) $ 2.42 $ 2.40 $ 4.06
Discontinued operations (in USD per share) 0 0.28 0
Basic (in USD per share) 2.42 2.68 4.06
Diluted earnings per share:      
Continuing operations (in USD per share) 2.41 2.37 4.02
Discontinued operations (in USD per share) 0 0.28 0
Diluted (in USD per share) $ 2.41 $ 2.65 $ 4.02
Weighted-average shares outstanding      
Basic (in shares) 1,247,154,988 1,144,206,326 854,143,751
Diluted (in shares) 1,254,769,926 1,154,749,428 863,433,511
Service      
Revenues      
Revenues $ 58,369 $ 50,395 $ 34,500
Operating expenses      
Cost of services and equipment sales 13,934 11,878 6,622
Postpaid revenues      
Revenues      
Revenues 42,562 36,306 22,673
Prepaid revenues      
Revenues      
Revenues 9,733 9,421 9,543
Wholesale revenues      
Revenues      
Revenues 3,751 2,590 1,279
Other service revenues      
Revenues      
Revenues 2,323 2,078 1,005
Equipment      
Revenues      
Revenues 20,727 17,312 9,840
Operating expenses      
Cost of services and equipment sales 22,671 16,388 11,899
Other revenues      
Revenues      
Revenues $ 1,022 $ 690 $ 658