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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities    
Net Income $ 15,160 $ 12,835
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 13,830 13,386
Employee retirement benefits 444 469
Deferred income taxes 1,809 247
Provision for expected credit losses 1,613 1,623
Equity in losses of unconsolidated businesses, inclusive of dividends received 41 62
Changes in current assets and liabilities, net of effects from acquisition/disposition of businesses (4,054) (2,609)
Other, net (820) 467
Net cash provided by operating activities 28,023 26,480
Cash Flows from Investing Activities    
Capital expenditures (including capitalized software) (12,263) (12,019)
Acquisitions of wireless licenses (340) (768)
Other, net 923 (326)
Net cash used in investing activities (11,680) (13,113)
Cash Flows from Financing Activities    
Proceeds from long-term borrowings 3,952 3,142
Proceeds from asset-backed long-term borrowings 7,340 8,229
Repayments of long-term borrowings and finance lease obligations (7,529) (6,623)
Repayments of asset-backed long-term borrowings (6,437) (6,158)
Dividends paid (8,569) (8,399)
Other, net (1,579) (1,668)
Net cash used in financing activities (12,822) (11,477)
Increase in cash, cash equivalents and restricted cash 3,521 1,890
Cash, cash equivalents and restricted cash, beginning of period 4,635 3,497
Cash, cash equivalents and restricted cash, end of period $ 8,156 $ 5,387