AT&T Wireless 2010 Annual Report Download - page 63

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AT&T Inc. 61
Consolidated Statements of Cash Flows
Dollars in millions
2010 2009 2008
Operating Activities As Adjusted
Net income (loss) $ 20,179 $ 12,447 $ (2,364)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization 19,379 19,515 19,673
Undistributed earnings from investments in equity affiliates (603) (419) (654)
Provision for uncollectible accounts 1,334 1,762 1,795
Deferred income tax expense (benefit) and noncurrent unrecognized tax benefits (3,280) 1,885 (4,202)
Net (gain) loss from impairment and sale of investments (802) — 517
Actuarial loss on pension and postretirement benefit plans 2,521 215 25,150
(Income) loss from discontinued operations (779) (20) 2
Changes in operating assets and liabilities:
Accounts receivable (99) (490) (1,475)
Other current assets 717 (617) 1,854
Accounts payable and accrued liabilities (2,414) 943 (4,456)
Net income attributable to noncontrolling interest (315) (309) (261)
Other – net (845) (507) (1,969)
Total adjustments 14,814 21,958 35,974
Net Cash Provided by Operating Activities 34,993 34,405 33,610
Investing Activities
Construction and capital expenditures:
Capital expenditures (19,530) (16,554) (19,631)
Interest during construction (772) (740) (659)
Acquisitions, net of cash acquired (2,906) (983) (10,972)
Dispositions 1,830 287 1,615
(Purchases) and sales of securities, net (100) 55 68
Sale of other investments — — 436
Other 29 52 45
Net Cash Used in Investing Activities (21,449) (17,883) (29,098)
Financing Activities
Net change in short-term borrowings with original maturities of three months or less 1,592 (3,910) 2,017
Issuance of long-term debt 2,235 8,161 12,416
Repayment of long-term debt (9,294) (8,652) (4,009)
Purchase of treasury shares — — (6,077)
Issuance of treasury shares 50 28 319
Dividends paid (9,916) (9,670) (9,507)
Other (515) (465) 151
Net Cash Used in Financing Activities (15,848) (14,508) (4,690)
Net increase (decrease) in cash and cash equivalents (2,304) 2,014 (178)
Cash and cash equivalents beginning of year 3,741 1,727 1,905
Cash and Cash Equivalents End of Year $ 1,437 $ 3,741 $ 1,727
The accompanying notes are an integral part of the consolidated financial statements.