Overview Financials News + Filings IR Vault Key Docs Charts Transactions Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| OPERATING ACTIVITIES | | | | | | | | |
| Net income | -1,548.0 | 2,033.0 | -1,232.0 | -5,269.0 | -1,733.0 | 1,389.0 | 626.0 | 878.0 |
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| Adjustments to reconcile net income to net cash from operating activities: | | | | | | | | |
| Depreciation and amortization | 3,239.0 | 4,019.0 | 4,710.0 | 4,829.0 | 5,120.0 | 3,936.0 | 3,916.0 | 4,189.0 |
| Deferred income taxes | -1,230.0 | 598.0 | 366.0 | 440.0 | 522.0 | -931.0 | 6.0 | 350.0 |
| Provision for uncollectible accounts | 133.0 | 105.0 | 189.0 | 145.0 | 153.0 | 176.0 | 192.0 | 177.0 |
| Net gain on early retirement of debt | | | | | | | | |
| Stock-based compensation | 98.0 | 120.0 | 175.0 | 162.0 | 186.0 | 111.0 | 80.0 | 73.0 |
| Changes in current assets and liabilities: | | | | | | | | |
| Accounts receivable | -158.0 | -8.0 | 115.0 | -5.0 | 25.0 | 31.0 | -266.0 | -132.0 |
| Accounts payable | 98.0 | -261.0 | -543.0 | -261.0 | 124.0 | -123.0 | 109.0 | -168.0 |
| Accrued income and other taxes | 972.0 | -69.0 | 27.0 | 20.0 | 75.0 | 54.0 | -43.0 | 32.0 |
| Other current assets and liabilities, net | -372.0 | -353.0 | -262.0 | -32.0 | 127.0 | -614.0 | 92.0 | -53.0 |
| Retirement benefits | 46.0 | 163.0 | -111.0 | -12.0 | -667.0 | -202.0 | -152.0 | -141.0 |
| Changes in other noncurrent assets and liabilities, net | 258.0 | 283.0 | 246.0 | 245.0 | 329.0 | -174.0 | -18.0 | -77.0 |
| Net cash provided by operating activities | 4,735.0 | 6,501.0 | 6,524.0 | 6,680.0 | 7,032.0 | 3,878.0 | 4,608.0 | 5,153.0 |
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| INVESTING ACTIVITIES | | | | | | | | |
| Capital expenditures | -3,016.0 | -2,900.0 | -3,729.0 | -3,628.0 | -3,175.0 | -3,106.0 | -2,981.0 | -2,872.0 |
| Proceeds from sale of property, plant and equipment, and other assets | 120.0 | 135.0 | 153.0 | 93.0 | 158.0 | 1,529.0 | 30.0 | 31.0 |
| Other, net | 3.0 | 53.0 | 12.0 | -35.0 | -61.0 | -5.0 | -43.0 | -8.0 |
| Net cash used in investing activities | 5,476.0 | -2,712.0 | -3,564.0 | -3,570.0 | -3,078.0 | -8,871.0 | -2,994.0 | -2,853.0 |
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| FINANCING ACTIVITIES | | | | | | | | |
| Payments of long-term debt | -8,093.0 | -3,598.0 | -7,315.0 | -4,157.0 | -1,936.0 | -1,963.0 | -2,462.0 | -966.0 |
| Net payments on revolving line of credit | -200.0 | 1,931.0 | 4,261.0 | 3,407.0 | 130.0 | 8,433.0 | 2,121.0 | 989.0 |
| Dividends paid | -780.0 | -1,087.0 | -1,109.0 | -1,100.0 | -2,312.0 | -1,453.0 | -1,167.0 | -1,198.0 |
| Other, net | -40.0 | -53.0 | -87.0 | -61.0 | -50.0 | -17.0 | -10.0 | 8.0 |
| Net cash used in financing activities | -9,313.0 | -3,807.0 | -4,250.0 | -1,911.0 | -4,023.0 | 5,356.0 | -1,518.0 | -2,301.0 |
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| Supplemental cash flow information: | | | | | | | | |
| Income taxes paid, net | -76.0 | -112.0 | 28.0 | 34.0 | 674.0 | -392.0 | -397.0 | -63.0 |
| Interest paid (net of capitalized interest of $21 and $16) | -1,365.0 | -1,487.0 | -1,627.0 | -2,028.0 | -2,138.0 | -1,401.0 | -1,301.0 | -1,310.0 |
| Supplemental noncash information regarding financing activities: | | | | | | | | |
| Cash, cash equivalents and restricted cash: | | | | | | | | |
| Cash and cash equivalents | | | | | | | | |
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