AT&T Inc. (T) financial statements (2020 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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,1306,5888,4236,5165,2048,657
Cash and cash equivalents12,1306,5888,4236,5165,2048,657
Receivables22,63622,92122,38123,86326,47226,312
Inventory, net of allowances, customer advances and progress billings2,864   2,7712,310
Inventory2,864   2,7712,310
Prepaid expense1,6311,4931,4411,5182,0471,860
Other current assets18,36419,69314,97314,57517,70416,278
Other undisclosed current assets(2,864)   (2,771)(2,310)
Total current assets:54,76150,69547,21846,47251,42753,107
Noncurrent Assets
Operating lease, right-of-use asset24,03924,477  
Property, plant and equipment130,128131,316132,074132,051131,473130,348
Long-term investments and receivables3,6954,1374,1336,2306,2456,128
Long-term investments3,6954,1374,1336,2306,2456,128
Intangible assets, net (including goodwill)167,039264,192267,071268,167275,057271,225
Goodwill146,241146,106146,662146,434146,370146,475
Intangible assets, net (excluding goodwill)20,798118,086120,409121,733128,687124,750
Regulated entity, other noncurrent assets    466 
Restricted cash and investments 1792169413575
Other noncurrent assets22,75422,30422,73324,11824,80925,490
Deferred tax assets, net111 
Other undisclosed noncurrent assets149,25351,49673,46971,25242,14148,497
Total noncurrent assets:496,908498,101499,696501,912480,437481,763
TOTAL ASSETS:551,669548,796546,914548,384531,864534,870
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:45,95643,95542,08242,30643,18439,375
Accounts payable29,640   27,018 
Accrued liabilities9,164   8,766 
Taxes payable 2,7412,0621,130 1,460
Interest and dividends payable2,4983,7253,7263,7222,5573,635
Other undisclosed accounts payable and accrued liabilities4,65437,48936,29437,4544,84334,280
Deferred revenue5,9395,910  
Debt11,83811,60812,77211,53810,25514,905
Contract with customer, liability5,5335,7525,846
Other liabilities 6,0975,7345,956  
Other undisclosed current liabilities5,1785562554,8525,2295,294
Total current liabilities:68,91168,12666,37664,65264,42065,420
Noncurrent Liabilities
Long-term debt and lease obligation, including:151,309153,568157,790163,942166,250168,513
Finance lease, liability1,8721,823  
Operating lease, liability21,80422,288  
Other undisclosed long-term debt and lease obligation127,633129,457157,790163,942166,250168,513
Liabilities, other than long-term debt107,54352,701108,099106,586107,310115,966
Deferred tax liabilities, net58,71359,20757,85960,495
Deferred income tax liabilities59,334   
Liability, pension and other postretirement and postemployment benefits18,78822,85321,21019,66419,21828,981
Other liabilities29,42129,84828,17627,71530,23326,490
Other undisclosed noncurrent liabilities21,97280,07420,56818,253  
Total noncurrent liabilities:280,824286,343286,457288,781273,560284,479
Total liabilities:349,735354,469352,833353,433337,980349,899
Stockholders' equity
Stockholders' equity attributable to parent184,221183,049184,257185,112184,089183,848
Common stock7,6217,6217,6217,6217,6217,621
Treasury stock, value(13,085)(11,195)(11,151)(11,452)(12,059)(12,486)
Additional paid in capital126,279125,139125,109125,174125,525125,706
Accumulated other comprehensive income5,4702,1373,2894,3454,2495,383
Retained earnings57,93659,34759,38959,42458,75357,624
Stockholders' equity attributable to noncontrolling interest17,71311,2789,8249,8399,7951,123
Total stockholders' equity:201,934194,327194,081194,951193,884184,971
TOTAL LIABILITIES AND EQUITY:551,669548,796546,914548,384531,864534,870

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Revenues46,82144,58844,95744,82747,99345,739
Cost of revenue(22,435)(27,036)(27,613)(27,353)(30,696)(28,872)
Cost of goods and services sold     (8,651)
Other cost of operating revenue(8,446)(8,604)(8,721)(8,585)  
Gross profit:24,38617,55217,34417,47417,29716,867
Operating expenses(19,065)(9,651)(9,844)(10,241)(11,137)(9,598)
Operating income:5,3217,9017,5007,2336,1607,269
Nonoperating expense(2,183)(3,015)(2,427)(1,862)(415)(1,062)
Other nonoperating income (expense)(104)(935)(318)2861,6741,053
Interest and debt expense(2,049)(2,083)(2,149)(2,141)(2,112)(2,051)
Income from continuing operations before equity method investments, income taxes:1,0892,8032,9243,2303,6334,156
Other undisclosed income from continuing operations before income taxes2,0492,0832,1492,1412,1122,051
Income from continuing operations before income taxes:3,1384,8865,0735,3715,7456,207
Income tax expense(434)(937)(1,099)(1,023)(615)(1,391)
Net income:2,7043,9493,9744,3485,1304,816
Net loss attributable to noncontrolling interest(310)(249)(261)(252)(272)(98)
Net income attributable to parent:2,3943,7003,7134,0964,8584,718
Other undisclosed net loss available to common stockholders, basic(3)     
Net income available to common stockholders, basic:2,3913,7003,7134,0964,8584,718
Dilutive securities, effect on basic earnings per share564664
Net income available to common stockholders, diluted:2,3963,7063,7174,1024,8644,722

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Net income:2,7043,9493,9744,3485,1304,816
Other comprehensive income (loss)3,339(1,169)(1,054)96(1,129)(340)
Comprehensive income:6,0432,7802,9204,4444,0014,476
Comprehensive loss, net of tax, attributable to noncontrolling interest(316)(232)(263)(252)(277)(91)
Comprehensive income, net of tax, attributable to parent:5,7272,5482,6574,1923,7244,385

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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