XML 64 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows from Operating Activities    
Net (loss) $ (167) $ (128)
Reconciliation of net (loss) to net cash provided by operating activities:    
Depreciation and amortization 322 282
Provision for deferred income taxes (5) (160)
Provision for bad debts 15 12
Non-cash interest expense 45 24
Stock-based compensation expense 2 3
Employee retiree benefits (16) (1)
Non-cash reorganization items 0 32
Changes in assets and liabilities:    
Accounts receivable 35 82
Deferred directory costs 8 (20)
Other current assets 5 8
Accounts payable and accrued liabilities (41) 5
Other items, net (1) 0
Net cash provided by operating activities 202 139
Cash Flows from Investing Activities    
Additions to fixed assets and capitalized software (9) (12)
Cash acquired in acquisition 0 154
Net cash provided by (used in) investing activities (9) 142
Cash Flows from Financing Activities    
Debt repayments (202) (209)
Debt issuance costs and other financing items, net (1) 0
Net cash (used in) financing activities (203) (209)
Increase (decrease) in cash and cash equivalents (10) 72
Cash and cash equivalents, beginning of year 156 172
Cash and cash equivalents, end of period 146 244
Supplemental Information    
Cash interest on debt 138 86
Cash income taxes, net $ 2 $ 15