AT&T Inc. (BCBA:T)

AT&T Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	123,984	122,336	122,428	120,741	134,038	143,050
Revenue Growth (YoY)	1.46%	-0.07%	1.40%	-9.92%	-6.30%	-21.05%
Cost of Revenue	50,008	49,221	50,123	50,848	60,407	65,651
Gross Profit	73,976	73,115	72,305	69,893	73,631	77,399
Selling, General & Admin	26,289	26,085	27,357	23,523	21,015	30,446
Operating Expenses	47,191	46,665	46,134	41,544	38,867	52,969
Operating Income	26,785	26,450	26,171	28,349	34,764	24,430
Interest Expense	-6,649	-6,759	-6,704	-6,108	-6,716	-7,727
Earnings From Equity Investments	3,271	1,989	1,675	1,791	603	89
Currency Exchange Gain (Loss)	-	-	-	1	1	-3
Other Non Operating Income (Expenses)	299	248	349	371	26	-51
EBT Excluding Unusual Items	23,706	21,928	21,491	24,404	28,678	16,738
Merger & Restructuring Charges	-	-	-	-1,273	-	-
Impairment of Goodwill	-4,422	-4,422	-	-24,812	-	-
Gain (Loss) on Sale of Investments	61	-155	-450	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	706	-
Asset Writedown	-518	-653	-1,193	-1,413	-213	-15,687
Other Unusual Items	-	-	-	-	-	-1,405
Pretax Income	18,827	16,698	19,848	-3,094	29,171	-354
Income Tax Expense	4,721	4,445	4,225	3,780	5,395	1,168
Earnings From Continuing Operations	14,106	12,253	15,623	-6,874	23,776	-1,522
Earnings From Discontinued Operations	-	-	-	-181	-2,297	-2,299
Net Income to Company	14,106	12,253	15,623	-7,055	21,479	-3,821
Minority Interest in Earnings	-1,349	-1,305	-1,223	-1,469	-1,398	-1,355
Net Income	12,757	10,948	14,400	-8,524	20,081	-5,176
Preferred Dividends & Other Adjustments	93	202	208	-460	207	193
Net Income to Common	12,664	10,746	14,192	-8,064	19,874	-5,369
Net Income Growth	0.25%	-23.97%	-	-	-	-
Shares Outstanding (Basic)	7,208	7,199	7,181	7,166	7,168	7,157
Shares Outstanding (Diluted)	7,217	7,204	7,258	7,166	7,503	7,157
Shares Change (YoY)	0.35%	-0.74%	1.28%	-4.49%	4.83%	-2.60%
EPS (Basic)	1.76	1.49	1.98	-1.13	2.77	-0.75
EPS (Diluted)	1.76	1.49	1.97	-1.13	2.73	-0.75
EPS Growth	1.16%	-24.25%	-	-	-	-
Free Cash Flow	19,624	18,508	20,461	12,397	26,413	28,439
Free Cash Flow Per Share	2.72	2.57	2.82	1.73	3.52	3.97
Dividend Per Share	1.110	1.110	1.110	1.110	2.080	2.080
Dividend Growth	-	-	-	-46.63%	-	1.46%
Gross Margin	59.67%	59.77%	59.06%	57.89%	54.93%	54.11%
Operating Margin	21.60%	21.62%	21.38%	23.48%	25.94%	17.08%
Profit Margin	10.21%	8.78%	11.59%	-6.68%	14.83%	-3.75%
Free Cash Flow Margin	15.83%	15.13%	16.71%	10.27%	19.71%	19.88%
EBITDA	44,611	43,954	41,925	43,398	49,707	43,610
EBITDA Margin	35.98%	35.93%	34.24%	35.94%	37.08%	30.49%
D&A For EBITDA	17,826	17,504	15,754	15,049	14,943	19,180
EBIT	26,785	26,450	26,171	28,349	34,764	24,430
EBIT Margin	21.60%	21.62%	21.38%	23.48%	25.94%	17.08%
Effective Tax Rate	25.08%	26.62%	21.29%	-	18.49%	-
Revenue as Reported	123,984	122,336	122,428	120,741	134,038	143,050
Advertising Expenses	-	2,505	2,576	2,462	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.