We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Name | Symbol | Market | Type |
|---|---|---|---|
| AT&T Inc | NYSE:T-A | NYSE | Preference Share |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.73 | -3.45% | 20.40 | 20.75 | 20.41 | 20.67 | 279,460 | 01:00:00 |
| (Mark One) | ||||||||
| ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||||
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||||
| Name of each exchange | ||||||||
| Title of each class | Trading Symbol(s) | on which registered | ||||||
| Common Shares (Par Value $1.00 Per Share) | T | New York Stock Exchange | ||||||
Depositary Shares, each representing a 1/1000th interest in a share of 5.000% Perpetual Preferred Stock, Series A | T PRA | New York Stock Exchange | ||||||
Depositary Shares, each representing a 1/1000th interest in a share of 4.750% Perpetual Preferred Stock, Series C | T PRC | New York Stock Exchange | ||||||
| AT&T Inc. 2.500% Global Notes due March 15, 2023 | T 23 | New York Stock Exchange | ||||||
| AT&T Inc. 2.750% Global Notes due May 19, 2023 | T 23C | New York Stock Exchange | ||||||
| AT&T Inc. Floating Rate Global Notes due September 5, 2023 | T 23D | New York Stock Exchange | ||||||
| AT&T Inc. 1.050% Global Notes due September 5, 2023 | T 23E | New York Stock Exchange | ||||||
| AT&T Inc. 1.300% Global Notes due September 5, 2023 | T 23A | New York Stock Exchange | ||||||
| AT&T Inc. 1.950% Global Notes due September 15, 2023 | T 23F | New York Stock Exchange | ||||||
| AT&T Inc. 2.400% Global Notes due March 15, 2024 | T 24A | New York Stock Exchange | ||||||
| AT&T Inc. Floating Rate Global Notes due March 6, 2025 | T 25A | New York Stock Exchange | ||||||
| AT&T Inc. 3.500% Global Notes due December 17, 2025 | T 25 | New York Stock Exchange | ||||||
| AT&T Inc. 0.250% Global Notes due March 4, 2026 | T 26E | New York Stock Exchange | ||||||
| AT&T Inc. 1.800% Global Notes due September 5, 2026 | T 26D | New York Stock Exchange | ||||||
| AT&T Inc. 2.900% Global Notes due December 4, 2026 | T 26A | New York Stock Exchange | ||||||
| AT&T Inc. 1.600% Global Notes due May 19, 2028 | T 28C | New York Stock Exchange | ||||||
| Name of each exchange | ||||||||
| Title of each class | Trading Symbol(s) | on which registered | ||||||
| AT&T Inc. 2.350% Global Notes due September 5, 2029 | T 29D | New York Stock Exchange | ||||||
| AT&T Inc. 4.375% Global Notes due September 14, 2029 | T 29B | New York Stock Exchange | ||||||
| AT&T Inc. 2.600% Global Notes due December 17, 2029 | T 29A | New York Stock Exchange | ||||||
| AT&T Inc. 0.800% Global Notes due March 4, 2030 | T 30B | New York Stock Exchange | ||||||
| AT&T Inc. 2.050% Global Notes due May 19, 2032 | T 32A | New York Stock Exchange | ||||||
| AT&T Inc. 3.550% Global Notes due December 17, 2032 | T 32 | New York Stock Exchange | ||||||
| AT&T Inc. 5.200% Global Notes due November 18, 2033 | T 33 | New York Stock Exchange | ||||||
| AT&T Inc. 3.375% Global Notes due March 15, 2034 | T 34 | New York Stock Exchange | ||||||
| AT&T Inc. 2.450% Global Notes due March 15, 2035 | T 35 | New York Stock Exchange | ||||||
| AT&T Inc. 3.150% Global Notes due September 4, 2036 | T 36A | New York Stock Exchange | ||||||
| AT&T Inc. 2.600% Global Notes due May 19, 2038 | T 38C | New York Stock Exchange | ||||||
| AT&T Inc. 1.800% Global Notes due September 14, 2039 | T 39B | New York Stock Exchange | ||||||
| AT&T Inc. 7.000% Global Notes due April 30, 2040 | T 40 | New York Stock Exchange | ||||||
| AT&T Inc. 4.250% Global Notes due June 1, 2043 | T 43 | New York Stock Exchange | ||||||
| AT&T Inc. 4.875% Global Notes due June 1, 2044 | T 44 | New York Stock Exchange | ||||||
| AT&T Inc. 4.000% Global Notes due June 1, 2049 | T 49A | New York Stock Exchange | ||||||
| AT&T Inc. 4.250% Global Notes due March 1, 2050 | T 50 | New York Stock Exchange | ||||||
| AT&T Inc. 3.750% Global Notes due September 1, 2050 | T 50A | New York Stock Exchange | ||||||
| AT&T Inc. 5.350% Global Notes due November 1, 2066 | TBB | New York Stock Exchange | ||||||
| AT&T Inc. 5.625% Global Notes due August 1, 2067 | TBC | New York Stock Exchange | ||||||
| Large Accelerated Filer | ☒ | Accelerated Filer | ☐ | ||||||||
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ | ||||||||
| Emerging growth company | ☐ | ||||||||||
| AT&T INC. | |||||||||||
| CONSOLIDATED STATEMENTS OF INCOME | |||||||||||
| Dollars in millions except per share amounts | |||||||||||
| (Unaudited) | |||||||||||
| Three months ended | |||||||||||
| March 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Operating Revenues | |||||||||||
| Service | $ | 24,617 | $ | 23,999 | |||||||
| Equipment | 5,522 | 5,713 | |||||||||
| Total operating revenues | 30,139 | 29,712 | |||||||||
| Operating Expenses | |||||||||||
| Cost of revenues | |||||||||||
| Equipment | 5,658 | 6,036 | |||||||||
Other cost of revenues (exclusive of depreciation and amortization shown separately below) | 6,673 | 6,699 | |||||||||
| Selling, general and administrative | 7,175 | 6,978 | |||||||||
| Depreciation and amortization | 4,631 | 4,462 | |||||||||
| Total operating expenses | 24,137 | 24,175 | |||||||||
| Operating Income | 6,002 | 5,537 | |||||||||
| Other Income (Expense) | |||||||||||
| Interest expense | (1,708) | (1,626) | |||||||||
| Equity in net income of affiliates | 538 | 521 | |||||||||
Other income (expense) — net | 935 | 2,157 | |||||||||
| Total other income (expense) | (235) | 1,052 | |||||||||
| Income from Continuing Operations Before Income Taxes | 5,767 | 6,589 | |||||||||
| Income tax expense on continuing operations | 1,314 | 1,440 | |||||||||
| Income from Continuing Operations | 4,453 | 5,149 | |||||||||
Income from discontinued operations, net of tax | — | 15 | |||||||||
| Net Income | 4,453 | 5,164 | |||||||||
| Less: Net Income Attributable to Noncontrolling Interest | (225) | (354) | |||||||||
| Net Income Attributable to AT&T | $ | 4,228 | $ | 4,810 | |||||||
| Less: Preferred Stock Dividends | (52) | (48) | |||||||||
| Net Income Attributable to Common Stock | $ | 4,176 | $ | 4,762 | |||||||
| Basic Earnings Per Share from continuing operations | $ | 0.58 | $ | 0.66 | |||||||
| Basic Earnings Per Share from discontinued operations | $ | — | $ | — | |||||||
| Basic Earnings Per Share Attributable to Common Stock | $ | 0.58 | $ | 0.66 | |||||||
| Diluted Earnings Per Share from continuing operations | $ | 0.57 | $ | 0.65 | |||||||
| Diluted Earnings Per Share from discontinued operations | $ | — | $ | — | |||||||
| Diluted Earnings Per Share Attributable to Common Stock | $ | 0.57 | $ | 0.65 | |||||||
Weighted Average Number of Common Shares Outstanding — Basic (in millions) | 7,168 | 7,184 | |||||||||
Weighted Average Number of Common Shares Outstanding — with Dilution (in millions) | 7,474 | 7,556 | |||||||||
| AT&T INC. | |||||||||||
| CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||||||||||
| Dollars in millions | |||||||||||
| (Unaudited) | |||||||||||
| Three months ended | |||||||||||
| March 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Net income | $ | 4,453 | $ | 5,164 | |||||||
| Other comprehensive income (loss), net of tax: | |||||||||||
| Foreign currency: | |||||||||||
Translation adjustment, net of taxes of $52 and $5 | 193 | 19 | |||||||||
| Securities: | |||||||||||
Net unrealized gains (losses), net of taxes of $8 and $(23) | 23 | (69) | |||||||||
Reclassification adjustment included in net income, net of taxes of $1 and $1 | 3 | 3 | |||||||||
| Derivative instruments: | |||||||||||
Net unrealized gains (losses), net of taxes of $(43) and $69 | (152) | 258 | |||||||||
Reclassification adjustment included in net income, net of taxes of $3 and $4 | 12 | 15 | |||||||||
| Defined benefit postretirement plans: | |||||||||||
Amortization of net prior service credit included in net income, net of taxes of $(160) and $(152) | (491) | (465) | |||||||||
| Other comprehensive income (loss) | (412) | (239) | |||||||||
| Total comprehensive income | 4,041 | 4,925 | |||||||||
Less: Total comprehensive income attributable to noncontrolling interest | (225) | (354) | |||||||||
| Total Comprehensive Income Attributable to AT&T | $ | 3,816 | $ | 4,571 | |||||||
| AT&T INC. | |||||||||||
| CONSOLIDATED BALANCE SHEETS | |||||||||||
| Dollars in millions except per share amounts | |||||||||||
| (Unaudited) | |||||||||||
| March 31, | December 31, | ||||||||||
| 2023 | 2022 | ||||||||||
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and cash equivalents | $ | 2,821 | $ | 3,701 | |||||||
Accounts receivable – net of related allowances for credit loss of $619 and $588 | 10,214 | 11,466 | |||||||||
| Inventories | 2,791 | 3,123 | |||||||||
| Prepaid and other current assets | 14,077 | 14,818 | |||||||||
| Total current assets | 29,903 | 33,108 | |||||||||
| Property, plant and equipment | 330,486 | 329,630 | |||||||||
| Less: accumulated depreciation and amortization | (202,028) | (202,185) | |||||||||
| Property, Plant and Equipment – Net | 128,458 | 127,445 | |||||||||
| Goodwill – Net | 67,895 | 67,895 | |||||||||
| Licenses – Net | 124,502 | 124,092 | |||||||||
| Other Intangible Assets – Net | 5,346 | 5,354 | |||||||||
| Investments in and Advances to Equity Affiliates | 2,810 | 3,533 | |||||||||
| Operating Lease Right-Of-Use Assets | 21,619 | 21,814 | |||||||||
| Other Assets | 20,340 | 19,612 | |||||||||
| Total Assets | $ | 400,873 | $ | 402,853 | |||||||
| Liabilities and Stockholders’ Equity | |||||||||||
| Current Liabilities | |||||||||||
| Debt maturing within one year | $ | 13,757 | $ | 7,467 | |||||||
| Note payable to DIRECTV | — | 130 | |||||||||
| Accounts payable and accrued liabilities | 38,389 | 42,644 | |||||||||
| Advanced billings and customer deposits | 3,922 | 3,918 | |||||||||
| Dividends payable | 2,082 | 2,014 | |||||||||
| Total current liabilities | 58,150 | 56,173 | |||||||||
| Long-Term Debt | 123,727 | 128,423 | |||||||||
| Deferred Credits and Other Noncurrent Liabilities | |||||||||||
| Deferred income taxes | 57,294 | 57,032 | |||||||||
| Postemployment benefit obligation | 7,060 | 7,260 | |||||||||
| Operating lease liabilities | 18,413 | 18,659 | |||||||||
| Other noncurrent liabilities | 27,883 | 28,849 | |||||||||
| Total deferred credits and other noncurrent liabilities | 110,650 | 111,800 | |||||||||
| Stockholders’ Equity | |||||||||||
Preferred stock ($1 par value, 10,000,000 authorized at March 31, 2023 and December 31, 2022): | |||||||||||
Series A (48,000 issued and outstanding at March 31, 2023 and December 31, 2022) | — | — | |||||||||
Series B (20,000 issued and outstanding at March 31, 2023 and December 31, 2022) | — | — | |||||||||
Series C (70,000 issued and outstanding at March 31, 2023 and December 31, 2022) | — | — | |||||||||
Common stock ($1 par value, 14,000,000,000 authorized at March 31, 2023 and December 31, 2022: issued 7,620,748,598 at March 31, 2023 and December 31, 2022) | 7,621 | 7,621 | |||||||||
| Additional paid-in capital | 120,774 | 123,610 | |||||||||
| Retained (deficit) earnings | (15,187) | (19,415) | |||||||||
Treasury stock (471,514,050 at March 31, 2023 and 493,156,816 at December 31, 2022, at cost) | (16,166) | (17,082) | |||||||||
| Accumulated other comprehensive income | 2,354 | 2,766 | |||||||||
| Noncontrolling interest | 8,950 | 8,957 | |||||||||
| Total stockholders’ equity | 108,346 | 106,457 | |||||||||
| Total Liabilities and Stockholders’ Equity | $ | 400,873 | $ | 402,853 | |||||||
| AT&T INC. | ||||||||||||||||||||||||||
| CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY | ||||||||||||||||||||||||||
| Dollars and shares in millions except per share amounts | ||||||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||||||
| Three months ended | ||||||||||||||||||||||||||
| March 31, 2023 | March 31, 2022 | |||||||||||||||||||||||||
| Shares | Amount | Shares | Amount | |||||||||||||||||||||||
| Preferred Stock - Series A | ||||||||||||||||||||||||||
| Balance at beginning of period | — | $ | — | — | $ | — | ||||||||||||||||||||
| Balance at end of period | — | $ | — | — | $ | — | ||||||||||||||||||||
| Preferred Stock - Series B | ||||||||||||||||||||||||||
| Balance at beginning of period | — | $ | — | — | $ | — | ||||||||||||||||||||
| Balance at end of period | — | $ | — | — | $ | — | ||||||||||||||||||||
| Preferred Stock - Series C | ||||||||||||||||||||||||||
| Balance at beginning of period | — | $ | — | — | $ | — | ||||||||||||||||||||
| Balance at end of period | — | $ | — | — | $ | — | ||||||||||||||||||||
| Common Stock | ||||||||||||||||||||||||||
| Balance at beginning of period | 7,621 | $ | 7,621 | 7,621 | $ | 7,621 | ||||||||||||||||||||
| Balance at end of period | 7,621 | $ | 7,621 | 7,621 | $ | 7,621 | ||||||||||||||||||||
| Additional Paid-In Capital | ||||||||||||||||||||||||||
| Balance at beginning of period | $ | 123,610 | $ | 130,112 | ||||||||||||||||||||||
| Preferred stock dividends | (98) | — | ||||||||||||||||||||||||
Common stock dividends ($0.2775 per share in 2023) | (2,002) | — | ||||||||||||||||||||||||
| Issuance of treasury stock | (365) | (126) | ||||||||||||||||||||||||
| Share-based payments | (371) | (349) | ||||||||||||||||||||||||
| Balance at end of period | $ | 120,774 | $ | 129,637 | ||||||||||||||||||||||
| Retained (Deficit) Earnings | ||||||||||||||||||||||||||
| Balance at beginning of period | $ | (19,415) | $ | 42,350 | ||||||||||||||||||||||
| Net income attributable to AT&T | 4,228 | 4,810 | ||||||||||||||||||||||||
| Preferred stock dividends | — | (99) | ||||||||||||||||||||||||
Common stock dividends ($0.2775 per share in 2022) | — | (2,020) | ||||||||||||||||||||||||
| Balance at end of period | $ | (15,187) | $ | 45,041 | ||||||||||||||||||||||
| AT&T INC. | ||||||||||||||||||||||||||
| CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - continued | ||||||||||||||||||||||||||
| Dollars and shares in millions except per share amounts | ||||||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||||||
| Three months ended | ||||||||||||||||||||||||||
| March 31, 2023 | March 31, 2022 | |||||||||||||||||||||||||
| Shares | Amount | Shares | Amount | |||||||||||||||||||||||
| Treasury Stock | ||||||||||||||||||||||||||
| Balance at beginning of period | (493) | $ | (17,082) | (480) | $ | (17,280) | ||||||||||||||||||||
| Repurchase and acquisition of common stock | (10) | (188) | (8) | (197) | ||||||||||||||||||||||
| Reissuance of treasury stock | 31 | 1,104 | 26 | 924 | ||||||||||||||||||||||
| Balance at end of period | (472) | $ | (16,166) | (462) | $ | (16,553) | ||||||||||||||||||||
Accumulated Other Comprehensive Income Attributable to AT&T, net of tax | ||||||||||||||||||||||||||
| Balance at beginning of period | $ | 2,766 | $ | 3,529 | ||||||||||||||||||||||
| Other comprehensive income attributable to AT&T | (412) | (239) | ||||||||||||||||||||||||
| Balance at end of period | $ | 2,354 | $ | 3,290 | ||||||||||||||||||||||
| Noncontrolling Interest | ||||||||||||||||||||||||||
| Balance at beginning of period | $ | 8,957 | $ | 17,523 | ||||||||||||||||||||||
| Net income attributable to noncontrolling interest | 225 | 354 | ||||||||||||||||||||||||
| Redemption of noncontrolling interest | — | (16) | ||||||||||||||||||||||||
| Distributions | (232) | (341) | ||||||||||||||||||||||||
| Balance at end of period | $ | 8,950 | $ | 17,520 | ||||||||||||||||||||||
| Total Stockholders' Equity at beginning of period | $ | 106,457 | $ | 183,855 | ||||||||||||||||||||||
| Total Stockholders' Equity at end of period | $ | 108,346 | $ | 186,556 | ||||||||||||||||||||||
| Three months ended | |||||||||||
| March 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Numerators | |||||||||||
| Numerator for basic earnings per share: | |||||||||||
| Income from continuing operations, net of tax | $ | 4,453 | $ | 5,149 | |||||||
| Net income from continuing operations attributable to noncontrolling interests | (225) | (354) | |||||||||
| Preferred Stock Dividends | (52) | (48) | |||||||||
| Income from continuing operations attributable to common stock | 4,176 | 4,747 | |||||||||
| Income from discontinued operations attributable to common stock | — | 15 | |||||||||
| Net Income Attributable to Common Stock | $ | 4,176 | $ | 4,762 | |||||||
| Dilutive potential common shares: | |||||||||||
| Mobility preferred interests | 72 | 140 | |||||||||
| Share-based payment | 4 | 6 | |||||||||
| Numerator for diluted earnings per share | $ | 4,252 | $ | 4,908 | |||||||
| Denominators (000,000) | |||||||||||
| Denominator for basic earnings per share: | |||||||||||
| Weighted average number of common shares outstanding | 7,168 | 7,184 | |||||||||
| Dilutive potential common shares: | |||||||||||
| Mobility preferred interests (in shares) | 284 | 337 | |||||||||
| Share-based payment (in shares) | 22 | 35 | |||||||||
| Denominator for diluted earnings per share | 7,474 | 7,556 | |||||||||
| Foreign Currency Translation Adjustment | Net Unrealized Gains (Losses) on Securities | Net Unrealized Gains (Losses) on Derivative Instruments | Defined Benefit Postretirement Plans | Accumulated Other Comprehensive Income (Loss) | |||||||||||||||||||||||||
| Balance as of December 31, 2022 | $ | (1,800) | $ | (90) | $ | (1,998) | $ | 6,654 | $ | 2,766 | |||||||||||||||||||
Other comprehensive income (loss) before reclassifications | 193 | 23 | (152) | — | 64 | ||||||||||||||||||||||||
Amounts reclassified from accumulated OCI | — | 1 | 3 | 1 | 12 | 2 | (491) | 3 | (476) | ||||||||||||||||||||
Net other comprehensive income (loss) | 193 | 26 | (140) | (491) | (412) | ||||||||||||||||||||||||
| Balance as of March 31, 2023 | $ | (1,607) | $ | (64) | $ | (2,138) | $ | 6,163 | $ | 2,354 | |||||||||||||||||||
| Foreign Currency Translation Adjustment | Net Unrealized Gains (Losses) on Securities | Net Unrealized Gains (Losses) on Derivative Instruments | Defined Benefit Postretirement Plans | Accumulated Other Comprehensive Income (Loss) | |||||||||||||||||||||||||
| Balance as of December 31, 2021 | $ | (1,964) | $ | 45 | $ | (1,422) | $ | 6,870 | $ | 3,529 | |||||||||||||||||||
Other comprehensive income (loss) before reclassifications | 19 | (69) | 258 | — | 208 | ||||||||||||||||||||||||
Amounts reclassified from accumulated OCI | — | 1 | 3 | 1 | 15 | 2 | (465) | 3 | (447) | ||||||||||||||||||||
Net other comprehensive income (loss) | 19 | (66) | 273 | (465) | (239) | ||||||||||||||||||||||||
| Balance as of March 31, 2022 | $ | (1,945) | $ | (21) | $ | (1,149) | $ | 6,405 | $ | 3,290 | |||||||||||||||||||
1(Gains) losses are included in “Other income (expense) - net” in the consolidated statements of income. | |||||||||||||||||||||||||||||
2(Gains) losses are primarily included in “Interest expense” in the consolidated statements of income (see Note 7). | |||||||||||||||||||||||||||||
3The amortization of prior service credits associated with postretirement benefits are included in “Other income (expense) - net” in the consolidated statements of income (see Note 6). | |||||||||||||||||||||||||||||
| For the three months ended March 31, 2023 | |||||||||||||||||||||||||||||
| Revenues | Operations and Support Expenses | EBITDA | Depreciation and Amortization | Operating Income (Loss) | |||||||||||||||||||||||||
| Communications | |||||||||||||||||||||||||||||
| Mobility | $ | 20,582 | $ | 12,213 | $ | 8,369 | $ | 2,098 | $ | 6,271 | |||||||||||||||||||
| Business Wireline | 5,331 | 3,623 | 1,708 | 1,330 | 378 | ||||||||||||||||||||||||
| Consumer Wireline | 3,239 | 2,284 | 955 | 861 | 94 | ||||||||||||||||||||||||
| Total Communications | 29,152 | 18,120 | 11,032 | 4,289 | 6,743 | ||||||||||||||||||||||||
| Latin America - Mexico | 883 | 738 | 145 | 175 | (30) | ||||||||||||||||||||||||
| Segment Total | 30,035 | 18,858 | 11,177 | 4,464 | 6,713 | ||||||||||||||||||||||||
| Corporate and Other | |||||||||||||||||||||||||||||
| Corporate: | |||||||||||||||||||||||||||||
| DTV-related retained costs | — | 169 | (169) | 144 | (313) | ||||||||||||||||||||||||
| Parent administration support | (9) | 374 | (383) | 1 | (384) | ||||||||||||||||||||||||
| Securitization fees | 19 | 121 | (102) | — | (102) | ||||||||||||||||||||||||
| Value portfolio | 94 | 28 | 66 | 5 | 61 | ||||||||||||||||||||||||
| Total Corporate | 104 | 692 | (588) | 150 | (738) | ||||||||||||||||||||||||
| Certain significant items | — | (44) | 44 | 17 | 27 | ||||||||||||||||||||||||
| Total Corporate and Other | 104 | 648 | (544) | 167 | (711) | ||||||||||||||||||||||||
| AT&T Inc. | $ | 30,139 | $ | 19,506 | $ | 10,633 | $ | 4,631 | $ | 6,002 | |||||||||||||||||||
| Three months ended March 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Communications | $ | 6,743 | $ | 6,487 | |||||||
| Latin America | (30) | (102) | |||||||||
| Segment Operating Income | 6,713 | 6,385 | |||||||||
| Reconciling Items: | |||||||||||
| Corporate | (738) | (630) | |||||||||
| Transaction and other costs | — | (98) | |||||||||
| Amortization of intangibles acquired | (17) | (27) | |||||||||
| Benefit-related gains (losses) | 44 | (93) | |||||||||
| AT&T Operating Income | 6,002 | 5,537 | |||||||||
| Interest expense | 1,708 | 1,626 | |||||||||
| Equity in net income of affiliates | 538 | 521 | |||||||||
Other income (expense) — net | 935 | 2,157 | |||||||||
| Income from Continuing Operations Before Income Taxes | $ | 5,767 | $ | 6,589 | |||||||
| For the three months ended March 31, 2023 | |||||||||||||||||||||||||||||||||||
| Communications | |||||||||||||||||||||||||||||||||||
| Mobility | Business Wireline | Consumer Wireline | Latin America | Corporate & Other | Total | ||||||||||||||||||||||||||||||
| Wireless service | $ | 15,483 | $ | — | $ | — | $ | 591 | $ | — | $ | 16,074 | |||||||||||||||||||||||
| Business service | — | 5,200 | — | — | — | 5,200 | |||||||||||||||||||||||||||||
| Broadband | — | — | 2,527 | — | — | 2,527 | |||||||||||||||||||||||||||||
| Legacy voice and data | — | — | 396 | — | 83 | 479 | |||||||||||||||||||||||||||||
| Other | — | — | 316 | — | 21 | 337 | |||||||||||||||||||||||||||||
| Total Service | 15,483 | 5,200 | 3,239 | 591 | 104 | 24,617 | |||||||||||||||||||||||||||||
| Equipment | 5,099 | 131 | — | 292 | — | 5,522 | |||||||||||||||||||||||||||||
| Total | $ | 20,582 | $ | 5,331 | $ | 3,239 | $ | 883 | $ | 104 | $ | 30,139 | |||||||||||||||||||||||
| For the three months ended March 31, 2022 | |||||||||||||||||||||||||||||||||||
| Communications | |||||||||||||||||||||||||||||||||||
| Mobility | Business Wireline | Consumer Wireline | Latin America | Corporate & Other | Total | ||||||||||||||||||||||||||||||
| Wireless service | $ | 14,724 | $ | — | $ | — | $ | 490 | $ | — | $ | 15,214 | |||||||||||||||||||||||
| Business service | — | 5,478 | — | — | — | 5,478 | |||||||||||||||||||||||||||||
| Broadband | — | — | 2,355 | — | — | 2,355 | |||||||||||||||||||||||||||||
| Legacy voice and data | — | — | 460 | — | 89 | 549 | |||||||||||||||||||||||||||||
| Other | — | — | 346 | — | 57 | 403 | |||||||||||||||||||||||||||||
| Total Service | 14,724 | 5,478 | 3,161 | 490 | 146 | 23,999 | |||||||||||||||||||||||||||||
| Equipment | 5,351 | 162 | — | 200 | — | 5,713 | |||||||||||||||||||||||||||||
| Total | $ | 20,075 | $ | 5,640 | $ | 3,161 | $ | 690 | $ | 146 | $ | 29,712 | |||||||||||||||||||||||
| March 31, | December 31, | ||||||||||
| Consolidated Balance Sheets | 2023 | 2022 | |||||||||
| Deferred Acquisition Costs | |||||||||||
| Prepaid and other current assets | $ | 2,988 | $ | 2,893 | |||||||
| Other Assets | 3,962 | 3,913 | |||||||||
| Total deferred customer contract acquisition costs | $ | 6,950 | $ | 6,806 | |||||||
| Deferred Fulfillment Costs | |||||||||||
| Prepaid and other current assets | $ | 2,433 | $ | 2,481 | |||||||
| Other Assets | 4,133 | 4,206 | |||||||||
| Total deferred customer contract fulfillment costs | $ | 6,566 | $ | 6,687 | |||||||
| March 31, | March 31, | ||||||||||
| Consolidated Statements of Income | 2023 | 2022 | |||||||||
| Deferred acquisition cost amortization | $ | 830 | $ | 663 | |||||||
| Deferred fulfillment cost amortization | 678 | 664 | |||||||||
| March 31, | December 31, | ||||||||||
| Consolidated Balance Sheets | 2023 | 2022 | |||||||||
| Contract asset | $ | 5,812 | $ | 5,512 | |||||||
| Current portion in “Prepaid and other current assets” | 3,058 | 2,941 | |||||||||
| Contract liability | 4,158 | 4,170 | |||||||||
| Current portion in “Advanced billings and customer deposits” | 3,818 | 3,816 | |||||||||
| Three months ended | |||||||||||
| March 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Pension cost: | |||||||||||
| Service cost – benefits earned during the period | $ | 121 | $ | 183 | |||||||
| Interest cost on projected benefit obligation | 516 | 320 | |||||||||
| Expected return on assets | (714) | (868) | |||||||||
| Amortization of prior service credit | (33) | (33) | |||||||||
| Net pension (credit) cost before remeasurement | (110) | (398) | |||||||||
| Actuarial (gain) loss | — | (1,012) | |||||||||
| Net pension (credit) cost | $ | (110) | $ | (1,410) | |||||||
| Postretirement cost: | |||||||||||
| Service cost – benefits earned during the period | $ | 6 | $ | 9 | |||||||
| Interest cost on accumulated postretirement benefit obligation | 85 | 63 | |||||||||
| Expected return on assets | (33) | (32) | |||||||||
| Amortization of prior service credit | (618) | (582) | |||||||||
| Net postretirement (credit) cost | $ | (560) | $ | (542) | |||||||
| Combined net pension and postretirement (credit) cost | $ | (670) | $ | (1,952) | |||||||
| March 31, 2023 | December 31, 2022 | ||||||||||||||||||||||
| Carrying | Fair | Carrying | Fair | ||||||||||||||||||||
| Amount | Value | Amount | Value | ||||||||||||||||||||
Notes and debentures1 | $ | 132,260 | $ | 126,075 | $ | 133,207 | $ | 122,524 | |||||||||||||||
| Commercial paper | 3,258 | 3,258 | 866 | 866 | |||||||||||||||||||
Investment securities2 | 2,762 | 2,762 | 2,692 | 2,692 | |||||||||||||||||||
1Includes credit agreement borrowings. | |||||||||||||||||||||||
2Excludes investments accounted for under the equity method. | |||||||||||||||||||||||
| March 31, 2023 | |||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||
| Equity Securities | |||||||||||||||||||||||
| Domestic equities | $ | 986 | $ | — | $ | — | $ | 986 | |||||||||||||||
| International equities | 184 | — | — | 184 | |||||||||||||||||||
| Fixed income equities | 203 | — | — | 203 | |||||||||||||||||||
| Available-for-Sale Debt Securities | — | 1,214 | — | 1,214 | |||||||||||||||||||
| Asset Derivatives | |||||||||||||||||||||||
| Interest rate swaps | — | 7 | — | 7 | |||||||||||||||||||
| Cross-currency swaps | — | 45 | — | 45 | |||||||||||||||||||
| Liability Derivatives | |||||||||||||||||||||||
| Cross-currency swaps | — | (5,485) | — | (5,485) | |||||||||||||||||||
| Foreign exchange contracts | — | (20) | — | (20) | |||||||||||||||||||
| December 31, 2022 | |||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||
| Equity Securities | |||||||||||||||||||||||
| Domestic equities | $ | 995 | $ | — | $ | — | $ | 995 | |||||||||||||||
| International equities | 198 | — | — | 198 | |||||||||||||||||||
| Fixed income equities | 189 | — | — | 189 | |||||||||||||||||||
| Available-for-Sale Debt Securities | — | 1,132 | — | 1,132 | |||||||||||||||||||
| Asset Derivatives | |||||||||||||||||||||||
| Cross-currency swaps | — | 28 | — | 28 | |||||||||||||||||||
| Liability Derivatives | |||||||||||||||||||||||
| Cross-currency swaps | — | (6,010) | — | (6,010) | |||||||||||||||||||
| Foreign exchange contracts | — | (23) | — | (23) | |||||||||||||||||||
| Three months ended | |||||||||||
| March 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Total gains (losses) recognized on equity securities | $ | 83 | $ | (95) | |||||||
| Gains (losses) recognized on equity securities sold | 4 | (7) | |||||||||
| Unrealized gains (losses) recognized on equity securities held at end of period | $ | 79 | $ | (88) | |||||||
| March 31, | December 31, | ||||||||||
| 2023 | 2022 | ||||||||||
| Interest rate swaps | $ | 1,750 | $ | — | |||||||
| Cross-currency swaps | 37,908 | 38,213 | |||||||||
| Foreign exchange contracts | 617 | 617 | |||||||||
| Total | $ | 40,275 | $ | 38,830 | |||||||
| Effect of Derivatives on the Consolidated Statements of Income | |||||||||||
| Three months ended | |||||||||||
| March 31, | |||||||||||
| Fair Value Hedging Relationships | 2023 | 2022 | |||||||||
| Interest rate swaps (“Interest expense”): | |||||||||||
| Gain (loss) on interest rate swaps | $ | 7 | $ | (1) | |||||||
| Gain (loss) on long-term debt | (7) | 1 | |||||||||
| Cross-currency swaps: | |||||||||||
| Gain (loss) on cross-currency swaps | 380 | (37) | |||||||||
| Gain (loss) on long-term debt | (380) | 37 | |||||||||
| Gain (loss) recognized in accumulated OCI | (182) | 9 | |||||||||
| Foreign exchange contracts: | |||||||||||
| Gain (loss) on foreign exchange contracts | 7 | — | |||||||||
| Gain (loss) on long-term debt | (7) | — | |||||||||
| Gain (loss) recognized in accumulated OCI | (3) | — | |||||||||
| Three months ended | |||||||||||
| March 31, | |||||||||||
| Cash Flow Hedging Relationships | 2023 | 2022 | |||||||||
| Cross-currency swaps: | |||||||||||
| Gain (loss) recognized in accumulated OCI | $ | (10) | $ | 315 | |||||||
| Foreign exchange contracts: | |||||||||||
| Gain (loss) recognized in accumulated OCI | — | 3 | |||||||||
| Other income (expense) - net reclassified from accumulated OCI into income | — | 1 | |||||||||
| Interest rate locks: | |||||||||||
| Interest income (expense) reclassified from accumulated OCI into income | (15) | (20) | |||||||||
| Three months ended | |||||||||||
| March 31, | |||||||||||
| 2023 | 2022 | ||||||||||
Net cash received from equipment installment receivables1 | $ | 10 | $ | 1,026 | |||||||
| Net cash (paid) received from other programs | (114) | 288 | |||||||||
| Total net cash impact to cash flows from operating activities | $ | (104) | $ | 1,314 | |||||||
1Net cash from initial sales of $2,529 and $3,316 during the three months ended March 31, 2023 and 2022, respectively. | |||||||||||
| Three months ended | |||||||||||
| March 31, | |||||||||||
| 2023 | 2022 | ||||||||||
Gross receivables sold1 | $ | 2,560 | $ | 3,601 | |||||||
Net receivables sold2 | 2,438 | 3,478 | |||||||||
| Cash proceeds received | 2,529 | 3,316 | |||||||||
| Deferred purchase price recorded | — | 245 | |||||||||
| Guarantee obligation recorded | 206 | 152 | |||||||||
1Receivables net of promotion credits. | |||||||||||
2Receivables net of allowance, imputed interest and equipment trade-in right guarantees. | |||||||||||
| Three months ended | |||||||||||
| March 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Fair value of repurchased receivables | $ | 541 | $ | 905 | |||||||
| Carrying value of deferred purchase price | 542 | 902 | |||||||||
Gain (loss) on repurchases1 | $ | (1) | $ | 3 | |||||||
1These gains (losses) are included in “Selling, general and administrative” expense in the consolidated statements of income. | |||||||||||
| Three months ended | |||||||||||
| March 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Operating lease cost | $ | 1,395 | $ | 1,347 | |||||||
| Finance lease cost: | |||||||||||
| Amortization of right-of-use assets | $ | 57 | $ | 45 | |||||||
| Interest on lease obligation | 46 | 37 | |||||||||
| Total finance lease cost | $ | 103 | $ | 82 | |||||||
| Three months ended | ||||||||||||||
| March 31, | ||||||||||||||
| 2023 | 2022 | |||||||||||||
| Cash Flows from Operating Activities | ||||||||||||||
| Cash paid for amounts included in lease obligations: | ||||||||||||||
| Operating cash flows for operating leases | $ | 1,166 | $ | 1,173 | ||||||||||
| Supplemental Lease Cash Flow Disclosures | ||||||||||||||
| Operating lease right-of-use assets obtained in exchange for new operating lease obligations | 707 | 689 | ||||||||||||
| March 31, 2023 | December 31, 2022 | ||||||||||
| Operating Leases | |||||||||||
| Operating lease right-of-use assets | $ | 21,619 | $ | 21,814 | |||||||
| $ | 3,530 | $ | 3,547 | ||||||||
| 18,413 | 18,659 | ||||||||||
| Total operating lease obligation | $ | 21,943 | $ | 22,206 | |||||||
| Finance Leases | |||||||||||
| Property, plant and equipment, at cost | $ | 2,972 | $ | 2,770 | |||||||
| Accumulated depreciation and amortization | (1,314) | (1,224) | |||||||||
| $ | 1,658 | $ | 1,546 | ||||||||
| $ | 209 | $ | 170 | ||||||||
| 1,758 | 1,647 | ||||||||||
| Total finance lease obligation | $ | 1,967 | $ | 1,817 | |||||||
| March 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Weighted-Average Remaining Lease Term (years) | |||||||||||
| Operating leases | 8.1 | 8.2 | |||||||||
| Finance leases | 7.3 | 8.5 | |||||||||
| Weighted-Average Discount Rate | |||||||||||
| Operating leases | 3.8 | % | 3.7 | % | |||||||
| Finance leases | 7.8 | % | 8.1 | % | |||||||
| At March 31, 2023 | Operating | Finance | |||||||||
| Leases | Leases | ||||||||||
| Remainder of 2023 | $ | 3,537 | $ | 273 | |||||||
| 2024 | 4,309 | 364 | |||||||||
| 2025 | 3,652 | 367 | |||||||||
| 2026 | 2,942 | 309 | |||||||||
| 2027 | 2,415 | 306 | |||||||||
| Thereafter | 9,427 | 1,091 | |||||||||
| Total lease payments | 26,282 | 2,710 | |||||||||
| Less: imputed interest | (4,339) | (743) | |||||||||
| Total | $ | 21,943 | $ | 1,967 | |||||||
| March 31, | December 31, | ||||||||||||||||||||||
| 2023 | 2022 | 2022 | 2021 | ||||||||||||||||||||
| Cash and cash equivalents from continuing operations | $ | 2,821 | $ | 17,084 | $ | 3,701 | $ | 19,223 | |||||||||||||||
| Cash and cash equivalents from discontinued operations | — | 21,481 | — | 1,946 | |||||||||||||||||||
| Restricted cash in Prepaid and other current assets | 1 | 2 | 1 | 3 | |||||||||||||||||||
| Restricted cash in Other Assets | 120 | 81 | 91 | 144 | |||||||||||||||||||
| Cash and Cash Equivalents and Restricted Cash | $ | 2,942 | $ | 38,648 | $ | 3,793 | $ | 21,316 | |||||||||||||||
| Three months ended | |||||||||||
| March 31, | |||||||||||
| Cash paid (received) during the period for: | 2023 | 2022 | |||||||||
| Interest | $ | 1,971 | $ | 2,154 | |||||||
| Income taxes, net of refunds | 10 | 72 | |||||||||
| The following table summarizes capital expenditures: | |||||||||||
| Three months ended | |||||||||||
| March 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Purchase of property and equipment | $ | 4,291 | $ | 4,532 | |||||||
Interest during construction - capital expenditures1 | 44 | 36 | |||||||||
| Total Capital Expenditures | $ | 4,335 | $ | 4,568 | |||||||
| The following table summarizes acquisitions, net of cash acquired: | |||||||||||
| Three months ended | |||||||||||
| March 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| Business acquisitions | $ | — | $ | — | |||||||
| Spectrum acquisitions | 63 | 8,956 | |||||||||
Interest during construction - spectrum1 | 228 | 288 | |||||||||
| Total Acquisitions | $ | 291 | $ | 9,244 | |||||||
1 Total capitalized interest was $272 and $324 for the three months ended March 31, 2023 and 2022, respectively. | |||||||||||
| First Quarter | |||||||||||||||||
| Percent | |||||||||||||||||
| 2023 | 2022 | Change | |||||||||||||||
| Operating Revenues | |||||||||||||||||
| Communications | $ | 29,152 | $ | 28,876 | 1.0 | % | |||||||||||
| Latin America - Mexico | 883 | 690 | 28.0 | ||||||||||||||
| Corporate and Other: | |||||||||||||||||
| Corporate | 104 | 146 | (28.8) | ||||||||||||||
| AT&T Operating Revenues | $ | 30,139 | $ | 29,712 | 1.4 | % | |||||||||||
| Operating Income | |||||||||||||||||
| Communications | $ | 6,743 | $ | 6,487 | 3.9 | % | |||||||||||
| Latin America - Mexico | (30) | (102) | 70.6 | ||||||||||||||
| Segment Operating Income | 6,713 | 6,385 | 5.1 | ||||||||||||||
| Corporate | (738) | (630) | (17.1) | ||||||||||||||
| Certain significant items | 27 | (218) | — | ||||||||||||||
| AT&T Operating Income | $ | 6,002 | $ | 5,537 | 8.4 | % | |||||||||||
| First Quarter | |||||||||||||||||
| Percent | |||||||||||||||||
| 2023 | 2022 | Change | |||||||||||||||
| Operating Revenues | |||||||||||||||||
| Service | $ | 24,617 | $ | 23,999 | 2.6 | % | |||||||||||
| Equipment | 5,522 | 5,713 | (3.3) | ||||||||||||||
| Total Operating Revenues | 30,139 | 29,712 | 1.4 | ||||||||||||||
| Operating expenses | |||||||||||||||||
| Operations and support | 19,506 | 19,713 | (1.1) | ||||||||||||||
| Depreciation and amortization | 4,631 | 4,462 | 3.8 | ||||||||||||||
| Total Operating Expenses | 24,137 | 24,175 | (0.2) | ||||||||||||||
| Operating Income | 6,002 | 5,537 | 8.4 | ||||||||||||||
| Interest expense | 1,708 | 1,626 | 5.0 | ||||||||||||||
| Equity in net income of affiliates | 538 | 521 | 3.3 | ||||||||||||||
| Other income (expense) - net | 935 | 2,157 | (56.7) | ||||||||||||||
| Income from Continuing Operations Before Income Taxes | 5,767 | 6,589 | (12.5) | ||||||||||||||
| Income from Continuing Operations | $ | 4,453 | $ | 5,149 | (13.5) | % | |||||||||||
| COMMUNICATIONS SEGMENT | First Quarter | ||||||||||||||||
| Percent | |||||||||||||||||
| 2023 | 2022 | Change | |||||||||||||||
| Segment Operating Revenues | |||||||||||||||||
| Mobility | $ | 20,582 | $ | 20,075 | 2.5 | % | |||||||||||
| Business Wireline | 5,331 | 5,640 | (5.5) | ||||||||||||||
| Consumer Wireline | 3,239 | 3,161 | 2.5 | ||||||||||||||
| Total Segment Operating Revenues | $ | 29,152 | $ | 28,876 | 1.0 | % | |||||||||||
| Segment Operating Income | |||||||||||||||||
| Mobility | $ | 6,271 | $ | 5,689 | 10.2 | % | |||||||||||
| Business Wireline | 378 | 639 | (40.8) | ||||||||||||||
| Consumer Wireline | 94 | 159 | (40.9) | ||||||||||||||
| Total Segment Operating Income | $ | 6,743 | $ | 6,487 | 3.9 | % | |||||||||||
| Selected Subscribers and Connections | ||||||||||||||
| March 31, | ||||||||||||||
| (000s) | 2023 | 2022 | ||||||||||||
| Mobility Subscribers | 222,839 | 196,616 | ||||||||||||
| Total domestic broadband connections | 15,345 | 15,533 | ||||||||||||
| Network access lines in service | 4,938 | 5,956 | ||||||||||||
| U-verse VoIP connections | 2,835 | 3,227 | ||||||||||||
| Communications Business Unit Discussion | |||||||||||||||||
| Mobility Results | |||||||||||||||||
| First Quarter | |||||||||||||||||
| Percent | |||||||||||||||||
| 2023 | 2022 | Change | |||||||||||||||
| Operating revenues | |||||||||||||||||
| Service | $ | 15,483 | $ | 14,724 | 5.2 | % | |||||||||||
| Equipment | 5,099 | 5,351 | (4.7) | ||||||||||||||
| Total Operating Revenues | 20,582 | 20,075 | 2.5 | ||||||||||||||
| Operating expenses | |||||||||||||||||
| Operations and support | 12,213 | 12,327 | (0.9) | ||||||||||||||
| Depreciation and amortization | 2,098 | 2,059 | 1.9 | ||||||||||||||
| Total Operating Expenses | 14,311 | 14,386 | (0.5) | ||||||||||||||
| Operating Income | $ | 6,271 | $ | 5,689 | 10.2 | % | |||||||||||
| Mobility Net Additions | |||||||||||||||||
| First Quarter | |||||||||||||||||
| Percent | |||||||||||||||||
| (in 000s) | 2023 | 2022 | Change | ||||||||||||||
| Postpaid Phone Net Additions | 424 | 691 | (38.6) | % | |||||||||||||
| Total Phone Net Additions | 464 | 804 | (42.3) | ||||||||||||||
Postpaid2 | 542 | 965 | (43.8) | ||||||||||||||
| Prepaid | 40 | 116 | (65.5) | ||||||||||||||
| Reseller | 108 | (17) | — | ||||||||||||||
Connected devices3 | 4,457 | 4,468 | (0.2) | ||||||||||||||
Mobility Net Subscriber Additions1 | 5,147 | 5,532 | (7.0) | % | |||||||||||||
Postpaid Churn4 | 0.99 | % | 0.94 | % | 5 | BP | |||||||||||
Postpaid Phone-Only Churn4 | 0.81 | % | 0.79 | % | 2 | BP | |||||||||||
1Excludes migrations and acquisition-related activities during the period. | |||||||||||||||||
2In addition to postpaid phones, includes tablets and wearables and other. Tablet net adds (losses) were (18) and 31 for the quarter ended March 31, 2023 and 2022. Wearables and other net adds were 136 and 243 for the quarter ended March 31, 2023 and 2022. | |||||||||||||||||
3Includes data-centric devices such as session-based tablets, monitoring devices and primarily wholesale automobile systems. Excludes postpaid tablets and other postpaid data devices. Wholesale connected car net adds were approximately 2,700 and 1,900 for the quarter ended March 31, 2023 and March 31, 2022. | |||||||||||||||||
4Calculated by dividing the aggregate number of wireless subscribers who canceled service during a month by the total number of wireless subscribers at the beginning of that month. The churn rate for the period is equal to the average of the churn rate for each month of that period. | |||||||||||||||||
| Business Wireline Results | |||||||||||||||||
| First Quarter | |||||||||||||||||
| Percent | |||||||||||||||||
| 2023 | 2022 | Change | |||||||||||||||
| Operating revenues | |||||||||||||||||
| Service | $ | 5,200 | $ | 5,478 | (5.1) | % | |||||||||||
| Equipment | 131 | 162 | (19.1) | ||||||||||||||
| Total Operating Revenues | 5,331 | 5,640 | (5.5) | ||||||||||||||
| Operating expenses | |||||||||||||||||
| Operations and support | 3,623 | 3,702 | (2.1) | ||||||||||||||
| Depreciation and amortization | 1,330 | 1,299 | 2.4 | ||||||||||||||
| Total Operating Expenses | 4,953 | 5,001 | (1.0) | ||||||||||||||
| Operating Income | $ | 378 | $ | 639 | (40.8) | % | |||||||||||
| Consumer Wireline Results | |||||||||||||||||
| First Quarter | |||||||||||||||||
| Percent | |||||||||||||||||
| 2023 | 2022 | Change | |||||||||||||||
| Operating revenues | |||||||||||||||||
| Broadband | $ | 2,527 | $ | 2,355 | 7.3 | % | |||||||||||
| Legacy voice and data services | 396 | 460 | (13.9) | ||||||||||||||
| Other service and equipment | 316 | 346 | (8.7) | ||||||||||||||
| Total Operating Revenues | 3,239 | 3,161 | 2.5 | ||||||||||||||
| Operating expenses | |||||||||||||||||
| Operations and support | 2,284 | 2,236 | 2.1 | ||||||||||||||
| Depreciation and amortization | 861 | 766 | 12.4 | ||||||||||||||
| Total Operating Expenses | 3,145 | 3,002 | 4.8 | ||||||||||||||
| Operating Income | $ | 94 | $ | 159 | (40.9) | % | |||||||||||
| Connections | ||||||||||||||||||||||||||||||||||||||
| March 31, | Percent | |||||||||||||||||||||||||||||||||||||
| (in 000s) | 2023 | 2022 | Change | |||||||||||||||||||||||||||||||||||
| Broadband Connections | ||||||||||||||||||||||||||||||||||||||
| Total Broadband and DSL Connections | 13,949 | 14,148 | (1.4) | % | ||||||||||||||||||||||||||||||||||
| Broadband | 13,730 | 13,850 | (0.9) | |||||||||||||||||||||||||||||||||||
| Fiber Broadband Connections | 7,487 | 6,281 | 19.2 | |||||||||||||||||||||||||||||||||||
| Voice Connections | ||||||||||||||||||||||||||||||||||||||
| Retail Consumer Switched Access Lines | 1,921 | 2,324 | (17.3) | |||||||||||||||||||||||||||||||||||
| U-verse Consumer VoIP Connections | 2,212 | 2,628 | (15.8) | |||||||||||||||||||||||||||||||||||
| Total Retail Consumer Voice Connections | 4,133 | 4,952 | (16.5) | % | ||||||||||||||||||||||||||||||||||
| Broadband Net Additions | |||||||||||||||||
| First Quarter | |||||||||||||||||
| Percent | |||||||||||||||||
| (in 000s) | 2023 | 2022 | Change | ||||||||||||||
| Total Broadband and DSL Net Additions | (42) | (12) | — | % | |||||||||||||
| Broadband Net Additions | (23) | 5 | — | ||||||||||||||
| Fiber Broadband Net Additions | 272 | 289 | (5.9) | % | |||||||||||||
| LATIN AMERICA SEGMENT | First Quarter | |||||||||||||||||||
| 2023 | 2022 | Percent Change | ||||||||||||||||||
| Segment Operating Revenues | ||||||||||||||||||||
| Service | $ | 591 | $ | 490 | 20.6 | % | ||||||||||||||
| Equipment | 292 | 200 | 46.0 | |||||||||||||||||
| Total Segment Operating Revenues | 883 | 690 | 28.0 | |||||||||||||||||
| Segment Operating Expenses | ||||||||||||||||||||
| Operations and support | 738 | 631 | 17.0 | |||||||||||||||||
| Depreciation and amortization | 175 | 161 | 8.7 | |||||||||||||||||
| Total Segment Operating Expenses | 913 | 792 | 15.3 | |||||||||||||||||
| Operating Income (Loss) | $ | (30) | $ | (102) | 70.6 | % | ||||||||||||||
Continuing operations for three months ended March 31, | 2023 | 2022 | |||||||||
Cash provided by operating activities | $ | 6,678 | $ | 7,630 | |||||||
Cash used in investing activities | (3,818) | (12,458) | |||||||||
Cash used in financing activities | (3,711) | (5,550) | |||||||||
| March 31, | December 31, | ||||||||||
| 2023 | 2022 | ||||||||||
Cash and cash equivalents | $ | 2,821 | $ | 3,701 | |||||||
Total debt | 137,484 | 135,890 | |||||||||
| Three months ended March 31, 2023 | |||||
| Net commercial paper borrowings | $ | 2,341 | |||
| Issuance of Notes and Debentures: | |||||
| USD notes | $ | 1,750 | |||
| Euro notes | 1,321 | ||||
| Other | 1,045 | ||||
| Debt Issuances | $ | 4,116 | |||
| Repayments: | |||||
| USD notes | $ | (376) | |||
| Euro notes | (1,626) | ||||
| 2025 Term Loan | (2,500) | ||||
| Other | (1,443) | ||||
| Repayments of long-term debt | $ | (5,945) | |||
| Exhibit | ||||||||
| Number | Exhibit Description | |||||||
| 3.1 | ||||||||
| 31 | Rule 13a-14(a)/15d-14(a) Certifications | |||||||
| 32 | ||||||||
| 101 | The following financial statements from the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, formatted in Inline XBRL: (i) Consolidated Statements of Cash Flows, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of Comprehensive Income, (iv) Consolidated Balance Sheets, and (v) Notes to Consolidated Financial Statements, tagged as blocks of text and including detailed tags. | |||||||
| 104 | The cover page from the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, (formatted as Inline XBRL and contained in Exhibit 101). | |||||||
| AT&T Inc. | |||||
| May 1, 2023 | /s/ Pascal Desroches | ||||
| Pascal Desroches | |||||
| Senior Executive Vice President | |||||
| and Chief Financial Officer | |||||
1 Year AT&T Chart |
1 Month AT&T Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
