v3.20.4
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net income (loss) $ (3,821) $ 14,975 $ 19,953
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 28,516 28,217 28,430
Amortization of film and television costs 8,603 9,587 3,772
Undistributed earnings from investments in equity affiliates 38 295 292
Provision for uncollectible accounts 1,972 2,575 1,791
Deferred income tax expense 1,675 1,806 4,931
Net (gain) loss on investments, net of impairments (742) (1,218) (739)
Pension and postretirement benefit expense (credit) (2,992) (2,002) (1,148)
Actuarial (gain) loss on pension and postretirement benefits 4,169 5,171 (3,412)
Asset impairments and abandonments 18,880 1,458 46
Changes in operating assets and liabilities:      
Receivables 2,216 2,812 (1,580)
Other current assets, inventories and theatrical film and television production costs (13,070) (12,852) (6,442)
Accounts payable and other accrued liabilities (1,410) (1,524) 1,602
Equipment installment receivables and related sales (1,429) 548 (490)
Deferred customer contract acquisition and fulfillment costs 376 (910) (3,458)
Postretirement claims and contributions (985) (1,008) (936)
Other - net 1,134 738 990
Total adjustments 46,951 33,693 23,649
Net Cash Provided by Operating Activities 43,130 48,668 43,602
Investing Activities      
Capital expenditures, including $(123), $(200) and $(493) of interest during construction (15,675) (19,635) (21,251)
Acquisitions, net of cash acquired (1,851) (1,809) (43,309)
Dispositions 3,641 4,684 2,148
(Purchases), sales and settlement of securities and investments, net 497 435 (183)
Advances to and investments in equity affiliates, net (160) (365) (1,050)
Cash collections of deferred purchase price 0 0 500
Net Cash Used in Investing Activities (13,548) (16,690) (63,145)
Financing Activities      
Net change in short-term borrowings with original maturities of three months or less (17) (276) (821)
Issuance of other short-term borrowings 9,440 4,012 4,898
Repayment of other short-term borrowings (9,467) (6,904) (2,098)
Issuance of long-term debt 31,988 17,039 41,875
Repayment of long-term debt (39,964) (27,592) (52,643)
Payment of vendor financing (2,966) (3,050) (560)
Issuance of preferred stock 3,869 1,164 0
Purchase of treasury stock (5,498) (2,417) (609)
Issuance of treasury stock 105 631 745
Issuance of preferred interests in subsidiaries 1,979 7,876 0
Redemption of preferred interest in subsidiary (1,950) 0 0
Dividends paid (14,956) (14,888) (13,410)
Other - net (4,570) (678) (3,366)
Net Cash Used in Financing Activities (32,007) (25,083) (25,989)
Net (decrease) increase in cash and cash equivalents and restricted cash (2,425) 6,895 (45,532)
Cash and cash equivalents and restricted cash beginning of year 12,295 5,400 50,932
Cash and Cash Equivalents and Restricted Cash End of Year $ 9,870 $ 12,295 $ 5,400