Additional Financial Information (Tables)

12 Months Ended

Dec. 31, 2023

The following tables provide additional financial information related to our consolidated financial statements:

Income Statement Information


	(dollars in millions)
Years Ended December 31,	2023		2022		2021
Depreciation expense	$	14,937	$	14,592	$	14,119
Interest costs on debt balances	7,123		5,429		5,148
Net amortization of debt discount	219		214		178
Capitalized interest costs	(1,818)		(2,030)		(1,841)
Advertising expense	3,847		3,556		3,394

	(dollars in millions)
Years Ended December 31,	2023		2022		2021
Other income (expense), net
Interest income	$	354	$	146	$	48
Other components of net periodic benefit (cost) income	(938)		2,386		3,785
Net debt extinguishment gains (losses)	308		(1,077)		(3,541)
Other, net	(37)		(82)		20

	$	(313)	$	1,373	$	312


	(dollars in millions)
At December 31,	2023		2022
Prepaid expenses and other
Prepaid taxes	$	550	$	167
Deferred contract costs	2,756		2,629
Collateral payments related to derivative contracts	1,406		2,286
Restricted cash	1,244		1,343
Other prepaid expense and other	1,651		1,933
	$	7,607	$	8,358

Accounts payable and accrued liabilities
Accounts payable	$	10,021	$	8,750
Accrued expenses	5,190		7,824
Accrued vacation, salaries and wages	4,060		3,950
Interest payable	1,570		1,577
Taxes payable	2,612		1,876
	$	23,453	$	23,977

Other current liabilities
Dividends payable	$	2,821	$	2,764
Contract liability	6,955		6,583
Other	2,755		2,750
	$	12,531	$	12,097


	(dollars in millions)
Years Ended December 31,	2023		2022		2021
Cash Paid
Interest, net of amounts capitalized	$	4,384	$	3,316	$	3,435
Income taxes, net of amounts refunded	2,343		2,736		3,040

Other, net Cash Flows from Operating Activities
Changes in device payment plan agreement non-current receivables	$	(2,975)	$	(4,919)	$	(2,438)
Net debt extinguishment (gains) losses	(308)		1,077		3,541
Loss on spectrum licenses	—		—		223
Gain on disposition of Media business	—		—		(1,051)
Other, net	(427)		64		(368)
	$	(3,710)	$	(3,778)	$	(93)






Other, net Cash Flows from Financing Activities
Net debt related costs(1)	$	(73)	$	(366)	$	(2,309)

Other, net	(1,397)		(1,706)		(1,523)
	$	(1,470)	$	(2,072)	$	(3,832)
(1) These costs include the premiums paid for the early extinguishment of debt, fees paid in connection with exchange and tender offers, and settlements of associated instruments.