AT&T Inc. (T) financial statements (2019 and earlier)

Company profile

Business Address 208 S. AKARD ST
DALLAS, TX 75202
State of Incorp. DE
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,4235,20450,4985,7885,12110,4933,339
Cash and cash equivalents8,4235,20450,4985,7885,1218,6033,339
Short-term investments     1,890 
Receivables22,38126,47216,52216,79416,53214,52712,918
Inventory, net of allowances, customer advances and progress billings 2,7712,2252,0394,0331,9331,148
Inventory 2,7712,2252,0394,0331,9331,148
Prepaid expense1,4412,0471,3691,5551,072831960
Deferred tax assets    1,1421,199
Other current assets14,97317,70410,75714,23213,2676,9254,780
Other undisclosed current assets (2,771)(2,225)(2,039)(4,033)(3,823)(1,148)
Total current assets:47,21851,42779,14638,36935,99232,02823,196
Noncurrent Assets
Property, plant and equipment132,074131,473125,222124,899124,450112,898110,968
Long-term investments and receivables4,1336,2451,5601,6741,6062503,860
Long-term investments4,1336,2451,5601,6741,6062503,860
Intangible assets, net (including goodwill)267,071275,057215,500214,303213,507141,896130,607
Goodwill146,662146,370105,449105,207104,56869,69269,273
Intangible assets, net (excluding goodwill)120,409128,687110,051109,096108,93972,20461,334
Regulated entity, other noncurrent assets 466 319323  
Restricted cash and investments216135     
Other noncurrent assets22,73324,80918,44416,81215,34610,9988,278
Deferred tax assets, net111311,4111,093(37,544)(36,308)
Other undisclosed noncurrent assets73,46942,1414,1946,03410,35532,30337,186
Total noncurrent assets:499,696480,437364,951365,452366,680260,801254,591
TOTAL ASSETS:546,914531,864444,097403,821402,672292,829277,787
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:42,08243,18434,47031,13830,37223,59221,107
Accounts payable 27,01824,43922,02721,04714,98411,561
Accrued liabilities 8,7663,5012,9942,9563,202 
Taxes payable2,062    1,0911,774
Interest and dividends payable3,7262,5572,6612,0231,9744,035 
Other undisclosed accounts payable and accrued liabilities36,2944,8433,8694,0944,3952807,772
Debt12,77210,25538,3749,8327,6366,0565,498
Postemployment benefits liability     1,8421,949
Customer advances and deposits4,2134,5194,6824,105
Contract with customer, liability5,5335,752
Other liabilities5,734      
Other undisclosed current liabilities2555,2294,3325,0875,1261,6876,441
Total current liabilities:66,37664,42081,38950,57647,81637,28234,995
Noncurrent Liabilities
Long-term debt and lease obligation, including:157,790166,250125,972113,681118,51576,01169,290
Other undisclosed long-term debt and lease obligation157,790166,250125,972113,681118,51576,01169,290
Liabilities, other than long-term debt108,099107,31094,729115,454112,70155,06845,712
Deferred tax liabilities, net58,71357,85943,20760,12856,181  
Postemployment benefits liability29,946
Liability, pension and other postretirement and postemployment benefits21,21019,21831,77533,57834,26237,079
Other liabilities28,17630,23319,74721,74822,25817,98915,766
Other undisclosed noncurrent liabilities20,568    37,54436,308
Total noncurrent liabilities:286,457273,560220,701229,135231,216168,623151,310
Total liabilities:352,833337,980302,090279,711279,032205,905186,305
Stockholders' equity
Stockholders' equity attributable to parent184,257184,089140,861123,135122,67186,37090,988
Common stock7,6217,6216,4956,4956,4956,4956,495
Treasury stock, value(11,151)(12,059)(12,714)(12,659)(12,592)(47,029)(45,619)
Additional paid in capital125,109125,52589,56389,60489,76391,10891,091
Accumulated other comprehensive income3,2894,2497,0174,9615,3348,0607,880
Retained earnings59,38958,75350,50034,73433,67127,73631,141
Stockholders' equity attributable to noncontrolling interest9,8249,7951,146975969554494
Total stockholders' equity:194,081193,884142,007124,110123,64086,92491,482
TOTAL LIABILITIES AND EQUITY:546,914531,864444,097403,821402,672292,829277,787

Income statement (P&L) ($ in millions)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues182,604170,756160,546163,786146,801132,447128,752
Cost of revenue(113,015)(106,104)(98,412)(96,432)(75,810)(60,611)(51,464)
Cost of goods and services sold  (37,511)(38,276)(35,782)  
Other cost of operating revenue(25,891)(32,906)     
Gross profit:69,58964,65262,13467,35470,99171,83677,288
Operating expenses(41,463)(38,556)(41,185)(43,007)(46,206)(41,229)(98,273)
Other undisclosed operating income (loss)     (18,861)51,464
Operating income:28,12626,09620,94924,34724,78511,74630,479
Nonoperating expense(6,566)(1,223)(5,810)(4,535)(4,093)(1,786)(2,702)
Other nonoperating income (expense)1,9286,782618277(52)1,652596
Interest and debt expense(8,543)(7,957)(6,300)(4,910)(4,120)(3,613)(3,940)
Income from continuing operations before equity method investments, income taxes:13,01716,9168,83914,90216,5726,34723,837
Income from equity method investments     175642
Other undisclosed income from continuing operations before income taxes8,5437,9576,3004,9104,1203,4383,298
Income from continuing operations before income taxes:21,56024,87315,13919,81220,6929,96027,777
Income tax expense (benefit)(3,760)(4,920)14,708(6,479)(7,005)(3,442)(9,224)
Net income:17,80019,95329,84713,33313,6876,51818,553
Net loss attributable to noncontrolling interest(1,037)(583)(397)(357)(342)(294)(304)
Net income available to common stockholders, basic:16,76319,37029,45012,97613,3456,22418,249
Dilutive securities, effect on basic earnings per share22191313131312
Net income available to common stockholders, diluted:16,78519,38929,46312,98913,3586,23718,261

Comprehensive Income ($ in millions)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:17,80019,95329,84713,33313,6876,51818,553
Other comprehensive income (loss)(1,991)(2,142)522(353)(2,743)1802,642
Comprehensive income:15,80917,81130,36912,98010,9446,69821,195
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,044)(551)(392)(377)(326)(294)302
Other undisclosed comprehensive loss, net of tax, attributable to parent      (604)
Comprehensive income, net of tax, attributable to parent:14,76517,26029,97712,60310,6186,40420,893

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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