Cash flow AT&T Inc.

Equities

T

US00206R1023

Wireless Telecommunications Services

Market Closed - Nyse Other stock markets 04:02:35 2024-09-10 pm EDT			5-day change	1st Jan Change
21.71 ^USD	+0.98%		+6.27%	+29.38%

Sep. 10	Transcript : AT&T Inc. Presents at Goldman Sachs Communacopia + Technology Conference 2024, Sep-10-2024 08:10 AM
Sep. 10	Americans used record 100 trillion megabytes of wireless data in 2023	RE

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Published financial data: AT&T INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	181B	172B	169B	121B	122B
Total Revenues	181B	172B	169B	121B	122B
Cost of Goods Sold, Total	84.14B	79.92B	79.81B	50.85B	50.12B
Gross Profit	97.05B	91.84B	89.06B	69.89B	72.3B
Selling General & Admin Expenses, Total	41.09B	37.67B	29.29B	23.52B	27.36B
Depreciation & Amortization - (IS)	28.22B	28.52B	22.86B	18.02B	18.78B
Other Operating Expenses, Total	69.31B	66.18B	52.15B	41.54B	46.13B
Operating Income	27.74B	25.66B	36.9B	28.35B	26.17B
Interest Expense, Total	-8.42B	-7.92B	-6.88B	-6.11B	-6.7B
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-8.42B	-7.92B	-6.88B	-6.11B	-6.7B
Income (Loss) On Equity Invest.	6M	95M	631M	1.79B	1.68B
Currency Exchange Gains (Loss)	6M	-3M	1M	1M	-
Other Non Operating Income (Expenses)	-623M	-1.14B	-435M	371M	349M
EBT, Excl. Unusual Items	18.71B	16.69B	30.22B	24.4B	21.49B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-10.46B	-	-24.81B	-
Gain (Loss) On Sale Of Investments	1.22B	742M	927M	-	-450M
Gain (Loss) On Sale Of Assets	-	-	706M	-	-
Asset Writedown	-1.46B	-8.42B	-4.9B	-1.41B	-1.19B
Other Unusual Items	-	-1.4B	-	-1.27B	-
EBT, Incl. Unusual Items	18.47B	-2.86B	26.95B	-3.09B	19.85B
Income Tax Expense	3.49B	965M	5.47B	3.78B	4.22B
Earnings From Continuing Operations	14.98B	-3.82B	21.48B	-6.87B	15.62B
Earnings Of Discontinued Operations	-	-	-	-181M	-
Net Income to Company	14.98B	-3.82B	21.48B	-7.06B	15.62B
Minority Interest	-1.07B	-1.36B	-1.4B	-1.47B	-1.22B
Net Income - (IS)	13.9B	-5.18B	20.08B	-8.52B	14.4B
Preferred Dividend and Other Adjustments	3M	193M	207M	-460M	208M
Net Income to Common Incl Extra Items	13.9B	-5.37B	19.87B	-8.06B	14.19B
Net Income to Common Excl. Extra Items	13.9B	-5.37B	19.87B	-7.88B	14.19B
Per Share Items
Net EPS - Basic	1.9	-0.75	2.77	-1.13	1.98
Basic EPS - Continuing Operations	1.9	-0.75	2.77	-1.1	1.98
Basic Weighted Average Shares Outstanding	7.32B	7.16B	7.17B	7.17B	7.18B
Net EPS - Diluted	1.89	-0.75	2.76	-1.13	1.97
Diluted EPS - Continuing Operations	1.89	-0.75	2.76	-1.1	1.97
Diluted Weighted Average Shares Outstanding	7.35B	7.18B	7.2B	7.17B	7.26B
Normalized Basic EPS	1.45	1.27	2.44	1.92	1.7
Normalized Diluted EPS	1.45	1.26	2.43	1.92	1.68
Dividend Per Share	2.05	2.08	2.08	1.11	1.11
Payout Ratio	107.08	-288.95	75.04	-115.66	56.5
American Depositary Receipts Ratio (ADR)	0.33	0.33	0.33	0.33	0.33
Supplemental Items
EBITDA	52.64B	50.69B	56.75B	43.4B	41.92B
EBITA	35.67B	33.9B	41.19B	28.52B	26.36B
EBIT	27.74B	25.66B	36.9B	28.35B	26.17B
EBITDAR	58.33B	56.58B	62.54B	48.84B	47.5B
Total Revenues (As Reported)	181B	172B	169B	121B	122B
Effective Tax Rate - (Ratio)	18.91	-33.79	20.29	-122.17	21.29
Current Domestic Taxes	1.19B	-693M	-552M	600M	2.7B
Current Foreign Taxes	605M	413M	516M	106M	66M
Total Current Taxes	1.79B	-280M	-36M	706M	2.77B
Deferred Domestic Taxes	1.8B	1.3B	5.75B	3.12B	1.42B
Deferred Foreign Taxes	-99M	-57M	-248M	-44M	38M
Total Deferred Taxes	1.7B	1.24B	5.5B	3.07B	1.46B
Normalized Net Income	10.62B	9.07B	17.49B	13.78B	12.21B
Interest Capitalized	200M	123M	954M	1.29B	874M
Interest on Long-Term Debt	169M	156M	162M	159M	184M
Non-Cash Pension Expense	1.37B	421M	-5.84B	-1.61B	564M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	1.28B	1.21B	1.52B	1.24B	954M
Net Rental Expense, Total	5.68B	5.9B	5.79B	5.44B	5.58B
Imputed Operating Lease Interest Expense	2.11B	2.04B	1.85B	1.77B	2.12B
Imputed Operating Lease Depreciation	3.57B	3.85B	3.94B	3.67B	3.46B
Stock-Based Comp., Other (Total)	819M	638M	637M	518M	479M
Total Stock-Based Compensation	819M	638M	637M	518M	479M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	12.13B	9.74B	21.17B	3.7B	6.72B
Short Term Investments	54M	29M	41M	38M	80M
Trading Asset Securities, Total	2M	-	-	-	-
Total Cash And Short Term Investments	12.19B	9.77B	21.21B	3.74B	6.8B
Accounts Receivable, Total	24.25B	22.27B	20.26B	14.41B	13.84B
Other Receivables	1.57B	1.48B	2.12B	1.28B	1.3B
Total Receivables	25.82B	23.74B	22.38B	15.68B	15.13B
Inventory	2.86B	3.59B	3.46B	3.12B	2.18B
Prepaid Expenses	1.63B	1.82B	7.79B	5.19B	6.77B
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	69M	9M	3M	1M	2M
Other Current Assets, Total	12.2B	13.07B	5.15B	5.37B	5.57B
Total Current Assets	54.76B	52.01B	60B	33.11B	36.46B
Gross Property Plant And Equipment	358B	352B	354B	351B	361B
Accumulated Depreciation	-203B	-200B	-204B	-202B	-211B
Net Property Plant And Equipment	154B	152B	150B	149B	149B
Long-term Investments	5.08B	3.23B	8.62B	4.63B	2.4B
Goodwill	146B	135B	133B	67.9B	67.85B
Other Intangibles, Total	158B	146B	159B	129B	133B
Deferred Charges Long-Term	9.43B	8.83B	7.4B	8.12B	7.92B
Other Long-Term Assets, Total	24.37B	28.09B	32.81B	10.4B	10.53B
Total Assets	552B	526B	552B	403B	407B
Liabilities
Accounts Payable, Total	29.64B	31.84B	30.76B	31.1B	27.31B
Accrued Expenses, Total	7.15B	6.86B	7.19B	4.94B	4.52B
Short-term Borrowings	4M	-	16.69B	866M	2.09B
Current Portion of Long-Term Debt	11.67B	3.28B	13B	6.56B	7.2B
Current Portion of Leases	3.61B	3.73B	3.84B	3.31B	3.19B
Current Income Taxes Payable	1.21B	1.02B	1.4B	798M	1.02B
Unearned Revenue Current, Total	6.12B	6.18B	5.3B	3.92B	3.78B
Other Current Liabilities	9.49B	10.54B	7.41B	4.68B	2.02B
Total Current Liabilities	68.91B	63.44B	85.59B	56.17B	51.13B
Long-Term Debt	153B	152B	152B	133B	129B
Long-Term Leases	23.68B	24.05B	22.74B	20.72B	19.74B
Pension & Other Post Retirement Benefits	18.79B	18.28B	12.65B	7.26B	8.73B
Deferred Tax Liability Non Current	59.5B	60.47B	65.23B	57.03B	58.67B
Other Non Current Liabilities	26.14B	28.36B	29.17B	22.29B	20.34B
Total Liabilities	350B	347B	368B	296B	288B
Common Stock, Total	7.62B	7.62B	7.62B	7.62B	7.62B
Additional Paid In Capital	126B	130B	130B	124B	115B
Retained Earnings	57.94B	37.46B	42.35B	-19.42B	-5.02B
Treasury Stock	-13.08B	-17.91B	-17.28B	-17.08B	-16.13B
Comprehensive Income and Other	5.47B	4.33B	3.53B	2.77B	2.3B
Total Common Equity	184B	162B	166B	97.5B	103B
Minority Interest	17.71B	17.57B	17.52B	8.96B	16.12B
Total Equity	202B	179B	184B	106B	119B
Total Liabilities And Equity	552B	526B	552B	403B	407B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.17B	7.13B	7.14B	7.13B	7.15B
ECS Total Common Shares Outstanding	7.25B	7.13B	7.14B	7.13B	7.15B
Book Value / Share	25.39	22.69	23.29	13.68	14.45
Tangible Book Value	-120B	-120B	-126B	-99.84B	-97.06B
Tangible Book Value Per Share	-16.49	-16.83	-17.7	-14.01	-13.57
Total Debt	192B	183B	209B	164B	161B
Net Debt	179B	173B	187B	161B	154B
Debt Equivalent of Unfunded Proj. Benefit Obligation	6.34B	7.55B	2.81B	1.95B	3.13B
Debt Equivalent Oper. Leases	45.47B	47.17B	46.34B	43.5B	44.62B
Minority Interest, Total (Incl. Fin. Div)	17.71B	17.57B	17.52B	8.96B	16.12B
Equity Method Investments, Total	3.7B	1.78B	7.27B	3.53B	1.25B
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	2.86B	3.59B	-	-	-
Inventories - Others	-	-	-	-	-
Land - (BS)	2.65B	2.57B	2.46B	1.38B	1.38B
Buildings, Total	38.92B	39.42B	39.31B	38.75B	39.38B
Machinery, Total	194B	188B	184B	180B	186B
Full Time Employees	248K	231K	203K	161K	150K
Accumulated Allowance for Doubtful Accounts (Supple)	1.24B	1.22B	771M	588M	499M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	13.9B	-5.18B	20.08B	-8.52B	14.4B
Depreciation & Amortization - CF	16.97B	16.79B	15.55B	14.88B	15.57B
Amortization of Goodwill and Intangible Assets - (CF)	7.93B	8.24B	4.29B	169M	184M
Depreciation & Amortization, Total	24.9B	25.03B	19.84B	15.05B	15.75B
Amortization of Deferred Charges, Total - (CF)	12.9B	12.09B	14.03B	2.97B	3.02B
(Gain) Loss on Sale of Investments - (CF)	-1.22B	-742M	-927M	381M	441M
Asset Writedown & Restructuring Costs	1.46B	18.88B	4.9B	27.5B	1.19B
(Income) Loss On Equity Investments - (CF)	295M	38M	184M	-	-
Provision and Write-off of Bad Debts	2.58B	1.97B	1.24B	1.86B	1.97B
Net Cash From Discontinued Operations	-	-	-	-3.79B	-
Other Operating Activities, Total	5.78B	4.36B	-1.71B	-1.58B	3.99B
Change In Accounts Receivable	2.81B	2.22B	-634M	727M	82M
Change In Accounts Payable	-1.52B	-1.41B	1.64B	-1.11B	-1.76B
Change in Other Net Operating Assets	-13.21B	-14.12B	-16.68B	-1.47B	-774M
Cash from Operations	48.67B	43.13B	41.96B	32.02B	38.31B
Capital Expenditure	-19.64B	-15.68B	-16.53B	-19.63B	-17.85B
Sale of Property, Plant, and Equipment	4.68B	3.64B	8.74B	199M	72M
Cash Acquisitions	-1.81B	-1.85B	-25.45B	-10.2B	-2.94B
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	70M	337M	1.32B	2.65B	1.15B
Other Investing Activities, Total	-	-	-172M	1.17B	-84M
Cash from Investing	-16.69B	-13.55B	-32.09B	-25.8B	-19.66B
Short Term Debt Issued, Total	4.01B	9.44B	23.17B	3.96B	5.41B
Long-Term Debt Issued, Total	17.04B	31.99B	11.27B	2.98B	10B
Total Debt Issued	21.05B	41.43B	34.44B	6.93B	15.41B
Short Term Debt Repaid, Total	-7.18B	-9.48B	-7.51B	-18.86B	-4.33B
Long-Term Debt Repaid, Total	-30.64B	-42.93B	-7.74B	-31.03B	-17.92B
Total Debt Repaid	-37.82B	-52.41B	-15.25B	-49.89B	-22.24B
Issuance of Common Stock	631M	105M	96M	28M	3M
Repurchase of Common Stock	-2.42B	-5.5B	-202M	-890M	-194M
Issuance of Preferred Stock	1.16B	3.87B	-	-	-
Common Dividends Paid	-14.89B	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-14.96B	-15.07B	-9.86B	-8.14B
Common & Preferred Stock Dividends Paid	-14.89B	-14.96B	-15.07B	-9.86B	-8.14B
Other Financing Activities, Total	7.2B	-4.54B	-2.44B	29.94B	-452M
Cash from Financing	-25.08B	-32.01B	1.58B	-23.74B	-15.61B
Net Change in Cash	6.9B	-2.42B	11.45B	-17.52B	3.04B
Supplemental Items
Cash Interest Paid	8.69B	8.24B	7.67B	7.77B	7.37B
Cash Income Tax Paid (Refund)	1.42B	993M	700M	696M	1.6B
Levered Free Cash Flow	34.17B	36.36B	35.85B	103B	6.53B
Unlevered Free Cash Flow	39.43B	41.32B	40.15B	107B	10.72B
Change In Net Working Capital	-3.1B	-3.2B	893M	-89.93B	7.04B
Net Debt Issued / Repaid	-16.77B	-10.99B	19.2B	-42.96B	-6.84B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.2	2.98	4.28	3.71	4.04
Return on Total Capital	4.52	4.26	6.11	5.42	6
Return On Equity %	7.57	-2	11.83	-4.74	13.83
Return on Common Equity	7.55	-3.1	12.12	-5.98	14.14
Margin Analysis