AT&T Wireless 2011 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 of the 2011 AT&T Wireless annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

AT&T Inc. 59
Consolidated Statements of Cash Flows
Dollars in millions
2011 2010 2009
Operating Activities
Net income $ 4,184 $ 20,179 $ 12,447
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 18,377 19,379 19,515
Undistributed earnings from investments in equity affiliates (623) (603) (419)
Provision for uncollectible accounts 1,136 1,334 1,762
Deferred income tax expense (benefit) and noncurrent
unrecognized tax benefits 2,937 (3,280) 1,885
Net gain from impairment and sale of investments (89) (802) —
Impairment of intangible assets 2,910 85 —
Actuarial loss on pension and postretirement benefits 6,280 2,521 215
Income from discontinued operations — (779) (20)
Changes in operating assets and liabilities:
Accounts receivable (1,133) (99) (490)
Other current assets (428) (187) (617)
Accounts payable and accrued liabilities (383) (1,508) 943
Retirement benefit funding (1,000) — —
Other − net 2,480 (1,247) (816)
Total adjustments 30,464 14,814 21,958
Net Cash Provided by Operating Activities 34,648 34,993 34,405
Investing Activities
Construction and capital expenditures:
Capital expenditures (20,110) (19,530) (16,554)
Interest during construction (162) (772) (740)
Acquisitions, net of cash acquired (2,368) (2,906) (983)
Dispositions 1,301 1,830 287
(Purchases) and sales of securities, net 62 (100) 55
Other 27 29 52
Net Cash Used in Investing Activities (21,250) (21,449) (17,883)
Financing Activities
Net change in short-term borrowings with original maturities
of three months or less (1,625) 1,592 (3,910)
Issuance of long-term debt 7,936 2,235 8,161
Repayment of long-term debt (7,574) (9,294) (8,652)
Issuance of treasury stock 237 50 28
Dividends paid (10,172) (9,916) (9,670)
Other (452) (515) (465)
Net Cash Used in Financing Activities (11,650) (15,848) (14,508)
Net increase (decrease) in cash and cash equivalents 1,748 (2,304) 2,014
Cash and cash equivalents beginning of year 1,437 3,741 1,727
Cash and Cash Equivalents End of Year $ 3,185 $ 1,437 $ 3,741
The accompanying notes are an integral part of the consolidated financial statements.