Financial Performance Overview
Free Cash Flow Less Equipment Finance Leases and Principal
Repayments of All Other Finance Leases and Financing
Obligations Reconciliation - TTM
Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023
MM
Operating Cash Flow
Purchases of property and
equipment, net of proceeds from
sales and incentives
$39,324
$35,574
$39,665 $46,752
$46,752 $54,330
(57,951) (59,061) (59,351) (58,321) (57,649)
Equipment acquired under
finance leases (1)
(2,764) (1,621)
(868)
(299) (285)
Principal repayments of all
other finance leases (2)
(714)
(751)
(706) (670)
(625)
Principal repayments of
financing obligations
(174)
(205)
(233) (248)
(226)
Free Cash Flow Less Equipment
Finance Leases and Principal
Repayments of all other Finance
Leases and Financing Obligations
($22,279) ($26,064) ($21,493) ($12,786) ($4,455)
(1) For the twelve months ended March 31, 2022 and 2023, this amount relates to equipment included in "Property and equipment acquired under finance leases, net of
remeasurements and modifications" of $5,160 million and $517 million.
(2) For the twelve months ended March 31, 2022 and 2023, this amount relates to property included in "Principal repayments of finance leases" of $10,534 million and
$6,544 million.
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