AT&T Inc. (T)

AT&T Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	122,060	122,428	120,741	134,038	143,050	181,193
Revenue Growth (YoY)	0.26%	1.40%	-9.92%	-6.30%	-21.05%	6.11%
Cost of Revenue	48,937	50,123	50,848	60,407	65,651	84,141
Gross Profit	73,123	72,305	69,893	73,631	77,399	97,052
Selling, General & Admin	26,990	27,357	23,523	21,015	30,446	41,094
Operating Expenses	46,962	46,134	41,544	38,867	52,969	69,311
Operating Income	26,161	26,171	28,349	34,764	24,430	27,741
Interest Expense	-6,824	-6,704	-6,108	-6,716	-7,727	-8,422
Earnings From Equity Investments	1,252	1,675	1,791	603	89	6
Currency Exchange Gain (Loss)	-	-	1	1	-3	6
Other Non Operating Income (Expenses)	-163	349	371	26	-51	-623
EBT Excluding Unusual Items	20,426	21,491	24,404	28,678	16,738	18,708
Impairment of Goodwill	-	-	-24,812	-	-	-
Gain (Loss) on Sale of Investments	-450	-450	-	-	-	1,218
Gain (Loss) on Sale of Assets	-	-	-	706	-	-
Asset Writedown	-5,650	-1,193	-1,413	-213	-15,687	-1,458
Other Unusual Items	-	-	-1,273	-	-1,405	-
Pretax Income	14,326	19,848	-3,094	29,171	-354	18,468
Income Tax Expense	3,899	4,225	3,780	5,395	1,168	3,493
Earnings From Continuing Operations	10,427	15,623	-6,874	23,776	-1,522	14,975
Earnings From Discontinued Operations	-	-	-181	-2,297	-2,299	-
Net Income to Company	10,427	15,623	-7,055	21,479	-3,821	14,975
Minority Interest in Earnings	-1,371	-1,223	-1,469	-1,398	-1,355	-1,072
Net Income	9,056	14,400	-8,524	20,081	-5,176	13,903
Preferred Dividends & Other Adjustments	206	208	-460	207	193	3
Net Income to Common	8,850	14,192	-8,064	19,874	-5,369	13,900
Net Income Growth	-	-	-	-	-	-28.22%
Shares Outstanding (Basic)	7,195	7,181	7,166	7,168	7,157	7,319
Shares Outstanding (Diluted)	7,198	7,258	7,166	7,503	7,157	7,348
Shares Change (YoY)	0.35%	1.28%	-4.49%	4.83%	-2.60%	7.96%
EPS (Basic)	1.23	1.98	-1.13	2.77	-0.75	1.90
EPS (Diluted)	1.22	1.97	-1.13	2.73	-0.75	1.89
EPS Growth	-	-	-	-	-	-33.50%
Free Cash Flow	20,232	20,461	12,397	26,413	28,439	29,033
Free Cash Flow Per Share	2.81	2.82	1.73	3.52	3.97	3.95
Dividend Per Share	1.110	1.110	1.110	2.080	2.080	2.050
Dividend Growth	0%	0%	-46.63%	0%	1.46%	1.99%
Gross Margin	59.91%	59.06%	57.89%	54.93%	54.11%	53.56%
Operating Margin	21.43%	21.38%	23.48%	25.94%	17.08%	15.31%
Profit Margin	7.25%	11.59%	-6.68%	14.83%	-3.75%	7.67%
Free Cash Flow Margin	16.58%	16.71%	10.27%	19.71%	19.88%	16.02%
EBITDA	43,110	41,925	43,398	49,707	43,610	52,645
EBITDA Margin	35.32%	34.24%	35.94%	37.08%	30.49%	29.05%
D&A For EBITDA	16,949	15,754	15,049	14,943	19,180	24,904
EBIT	26,161	26,171	28,349	34,764	24,430	27,741
EBIT Margin	21.43%	21.38%	23.48%	25.94%	17.08%	15.31%
Effective Tax Rate	27.22%	21.29%	-	18.49%	-	18.91%
Revenue as Reported	122,060	122,428	120,741	134,038	143,050	181,193

Source: S&P Capital IQ. Standard template. Financial Sources.