AT&T Inc. (T)
NYSE: T · Real-Time Price · USD
24.66
+0.24 (0.98%)
At close: Jul 28, 2026, 4:00 PM EDT
24.67
+0.01 (0.04%)
After-hours: Jul 28, 2026, 6:15 PM EDT
AT&T Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 23,090 | 23,386 | 12,253 | 15,623 | -6,874 | 23,776 |
Depreciation & Amortization | 20,377 | 20,886 | 20,580 | 18,777 | 18,021 | 17,852 |
Other Adjustments | 956 | -3,849 | 5,297 | 2,645 | 27,337 | 600 |
Change in Receivables | -1,751 | -1,202 | -1,723 | -51 | 881 | -1,396 |
Changes in Inventories | 177 | -460 | 70 | 747 | -674 | -1,288 |
Changes in Accounts Payable | 2,759 | 884 | -1,104 | -1,574 | -1,109 | -1,570 |
Changes in Income Taxes Payable | 2,392 | 2,226 | 1,978 | 2,618 | - | - |
Changes in Other Operating Activities | -1,566 | -1,587 | 1,420 | -471 | -5,559 | 3,984 |
Operating Cash Flow | 28,579 | 40,284 | 38,771 | 38,314 | 32,023 | 41,958 |
Operating Cash Flow Growth | -1.61% | 3.90% | 1.19% | 19.65% | -23.68% | -2.71% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -22,245 | -20,842 | -20,263 | -17,853 | -19,626 | -15,545 |
Proceeds from Sale of Investments | 1,241 | 181 | 2,575 | -902 | 82 | 44 |
Cash Acquisitions | -3,056 | -379 | -380 | -2,942 | -10,200 | -25,453 |
Proceeds from Business Divestments | 3,925 | 3,218 | 75 | 72 | 199 | 7,136 |
Other Investing Activities | -4,363 | -955 | 503 | 1,965 | 3,740 | 1,728 |
Investing Cash Flow | -20,985 | -18,777 | -17,490 | -19,660 | -25,805 | -32,090 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | 491 | 5,276 | 2,744 | 23,197 |
Short-Term Debt Repaid | - | - | -2,487 | -4,329 | -18,864 | -6,194 |
Net Short-Term Debt Issued (Repaid) | - | - | -1,996 | 947 | -16,120 | 17,003 |
Long-Term Debt Issued | 21,635 | 14,027 | 19 | 10,004 | 2,979 | 9,931 |
Long-Term Debt Repaid | -9,306 | -5,528 | -10,297 | -12,044 | -25,118 | -3,039 |
Net Long-Term Debt Issued (Repaid) | 12,329 | 8,499 | -10,278 | -2,040 | -22,139 | 6,892 |
Issuance of Common Stock | 5 | 21 | 15 | 3 | 28 | 96 |
Repurchase of Common Stock | -7,990 | -4,500 | -215 | -194 | -890 | -202 |
Net Common Stock Issued (Repurchased) | -7,985 | -4,479 | -200 | -191 | -862 | -106 |
Issuance of Preferred Stock | - | 2,221 | - | 7,151 | - | - |
Repurchase of Preferred Stock | - | -2,140 | - | -5,333 | -2,665 | - |
Net Preferred Stock Issued (Repurchased) | - | 81 | - | 1,818 | -2,665 | - |
Common Dividends Paid | -8,018 | -8,180 | -8,208 | -8,136 | -9,859 | -15,068 |
Other Financing Activities | -3,466 | -2,307 | -4,026 | -8,012 | 27,904 | -7,143 |
Financing Cash Flow | 1,572 | -6,386 | -24,708 | -15,614 | -23,741 | 1,578 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 7,365 | 15,121 | -3,427 | 3,040 | -17,523 | 11,446 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 6,334 | 19,442 | 18,508 | 20,461 | 12,397 | 26,413 |
Free Cash Flow Growth | -18.04% | 5.05% | -9.54% | 65.05% | -53.06% | -7.12% |
FCF Margin | 4.98% | 15.47% | 15.13% | 16.71% | 10.27% | 19.71% |
Free Cash Flow Per Share | 0.90 | 2.71 | 2.57 | 2.82 | 1.63 | 3.52 |
Levered Free Cash Flow | 35,637 | 31,495 | 1,153 | 15,343 | -55,933 | 47,202 |
Unlevered Free Cash Flow | 24,511 | 22,029 | 16,659 | 20,711 | -19,138 | 24,541 |