v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income $ 8,317 $ 2,590 $ 3,024
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 12,818 13,651 16,383
Stock-based compensation expense 667 595 540
Deferred income tax expense 2,600 492 197
Bad debt expense 898 1,026 452
Losses from sales of receivables 165 214 15
Losses on redemption of debt 0 0 184
Impairment expense 0 477 0
Loss on remeasurement of disposal group held for sale 9 377 0
Changes in operating assets and liabilities      
Accounts receivable (5,038) (5,158) (3,225)
Equipment installment plan receivables 170 (1,184) (3,141)
Inventory 197 744 201
Operating lease right-of-use assets 3,721 5,227 4,964
Other current and long-term assets (358) (754) (573)
Accounts payable and accrued liabilities (1,126) 558 549
Short- and long-term operating lease liabilities (3,785) (2,947) (5,358)
Other current and long-term liabilities (839) 459 (531)
Other, net 143 414 236
Net cash provided by operating activities 18,559 16,781 13,917
Investing activities      
Purchases of property and equipment, including capitalized interest of $(104), $(61) and $(210) (9,801) (13,970) (12,326)
Purchases of spectrum licenses and other intangible assets, including deposits (1,010) (3,331) (9,366)
Proceeds from sales of tower sites 12 9 40
Proceeds related to beneficial interests in securitization transactions 4,816 4,836 4,131
Acquisition of companies, net of cash and restricted cash acquired 0 (52) (1,916)
Other, net 154 149 51
Net cash used in investing activities (5,829) (12,359) (19,386)
Financing activities      
Proceeds from issuance of long-term debt 8,446 3,714 14,727
Repayments of financing lease obligations (1,227) (1,239) (1,111)
Repayments of short-term debt for purchases of inventory, property and equipment and other financial liabilities 0 0 (184)
Repayments of long-term debt (5,051) (5,556) (11,100)
Repurchases of common stock (13,074) (3,000) 0
Dividends on common stock (747) 0 0
Tax withholdings on share-based awards (297) (243) (316)
Cash payments for debt prepayment or debt extinguishment costs 0 0 (116)
Other, net (147) (127) (191)
Net cash (used in) provided by financing activities (12,097) (6,451) 1,709
Change in cash and cash equivalents, including restricted cash and cash held for sale 633 (2,029) (3,760)
Cash and cash equivalents, including restricted cash and cash held for sale      
Beginning of period 4,674 6,703 10,463
End of period $ 5,307 $ 4,674 $ 6,703