Vendor financing payables due within one year

AT&T INC.SEPTEMBER 30, 2022  
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) - ContinuedDollars in millions except per share amounts  
The following table summarizes cash paid during the periods for interest and income taxes:

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Nine months ended |
|   | September 30, |
| Cash paid (received) during the period for: | 2022 |  | 2021 |
| Interest | $ | 5,981  |  |  | $ | 5,931  |  |
| Income taxes, net of refunds | 400  |  |  | 215  |  |
|  |  |  |  |
|  |  |  |  |
| The following table summarizes capital expenditures: |  |  |  |
|  | Nine months ended |
|  | September 30, |
|  | 2022 |  | 2021 |
| Purchase of property and equipment | $ | 15,273  |  |  | $ | 11,919  |  |
| Interest during construction - capital expenditures1 | 124  |  |  | 132  |  |
| Total Capital Expenditures  | $ | 15,397  |  |  | $ | 12,051  |  |
|  |  |  |  |
| The following table summarizes acquisitions, net of cash acquired: |  |  |  |
|  | Nine months ended |
|  | September 30, |
|  | 2022 |  | 2021 |
| Business acquisitions | $ | —  |  |  | $ | —  |  |
| Spectrum acquisitions | 9,076  |  |  | 23,017  |  |
| Interest during construction - spectrum1 | 883  |  |  | 516  |  |
| Total Acquisitions | $ | 9,959  |  |  | $ | 23,533  |  |
| 1 Total capitalized interest was $1,007 and $648 for the nine months ended September 30, 2022 and 2021, respectively. |

  
Noncash Investing and Financing Activities In connection with capital improvements and the acquisition of other productive assets, we negotiate favorable payment terms (referred to as vendor financing), which are reported as financing activities in our statements of cash flows when paid. For the nine months ended September 30, 2022 and 2021, we recorded vendor financing commitments related to capital investments of approximately $3,916 and $3,624, respectively.  
Total vendor financing payables included in our September 30, 2022 consolidated balance sheet were approximately $4,635, with $3,105 due within one year (in “Accounts payable and accrued liabilities”) and the remainder predominantly due within two to five years (in “Other noncurrent liabilities”).  
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