v3.24.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating activities        
Net income $ 2,925 $ 2,221 $ 5,299 $ 4,161
Adjustments to reconcile net income to net cash provided by operating activities        
Depreciation and amortization 3,248 3,110 6,619 6,313
Stock-based compensation expense 164 167 304 344
Deferred income tax expense 747 703 1,462 1,314
Bad debt expense 255 213 537 435
Losses from sales of receivables 25 51 46 89
Loss on remeasurement of disposal group held for sale 0 22 0 9
Changes in operating assets and liabilities        
Accounts receivable (1,286) (1,514) (1,702) (2,782)
Equipment installment plan receivables 155 246 432 398
Inventory 221 362 391 491
Operating lease right-of-use assets 872 929 1,728 1,937
Other current and long-term assets (416) 354 (256) 212
Accounts payable and accrued liabilities 38 (864) (1,696) (1,746)
Short- and long-term operating lease liabilities (1,148) (1,183) (2,165) (2,192)
Other current and long-term liabilities (360) (466) (532) (649)
Other, net 81 4 138 72
Net cash provided by operating activities 5,521 4,355 10,605 8,406
Investing activities        
Purchases of property and equipment, including capitalized interest of $(8), $(14), $(17) and $(28) (2,040) (2,789) (4,667) (5,790)
Purchases of spectrum licenses and other intangible assets, including deposits (156) (33) (217) (106)
Proceeds from sales of tower sites 0 2 0 8
Proceeds related to beneficial interests in securitization transactions 958 1,309 1,848 2,654
Acquisition of companies, net of cash acquired (390) 0 (390) 0
Other, net (50) 24 (39) 19
Net cash used in investing activities (1,678) (1,487) (3,465) (3,215)
Financing activities        
Proceeds from issuance of long-term debt 2,136 3,450 5,609 6,463
Repayments of financing lease obligations (351) (304) (678) (610)
Repayments of long-term debt (2,723) (223) (2,946) (354)
Repurchases of common stock (2,387) (3,591) (5,981) (8,210)
Dividends on common stock (759) 0 (1,528) 0
Tax withholdings on share-based awards (16) (70) (208) (257)
Other, net (34) (46) (68) (89)
Net cash used in financing activities (4,134) (784) (5,800) (3,057)
Change in cash and cash equivalents, including restricted cash and cash held for sale (291) 2,084 1,340 2,134
Cash and cash equivalents, including restricted cash and cash held for sale        
Beginning of period 6,938 4,724 5,307 4,674
End of period $ 6,647 $ 6,808 $ 6,647 $ 6,808