AT&T Inc. (T)

AT&T Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	21,558	21,953	10,948	14,400	-8,524	20,081
Depreciation & Amortization	17,168	17,677	17,504	15,754	15,049	14,943
Other Amortization	3,209	3,209	3,076	3,023	2,972	2,909
Asset Writedown & Restructuring Costs	620	838	5,075	1,193	27,498	213
Loss (Gain) From Sale of Investments	-6,028	-5,889	80	441	381	-369
Provision & Write-off of Bad Debts	2,383	2,271	1,969	1,969	1,865	1,241
Other Operating Activities	2,059	2,211	2,716	3,418	-1,580	2,388
Change in Accounts Receivable	-3,070	-2,734	283	-924	727	-1,125
Change in Inventory	177	-460	70	747	-674	-
Change in Accounts Payable	2,759	884	-1,104	-1,574	-1,109	-1,570
Change in Other Net Operating Assets	-967	324	-1,846	-133	-793	-1,541
Operating Cash Flow	39,899	40,284	38,771	38,314	32,023	41,958
Operating Cash Flow Growth	-2.55%	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 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-22,245	-20,842	-20,263	-17,853	-19,626	-15,545
Sale of Property, Plant & Equipment	3,925	3,218	75	72	199	7,136
Cash Acquisitions	-3,056	-379	-380	-2,942	-10,200	-25,453
Investment in Securities	1,241	181	3,503	1,147	2,731	1,367
Other Investing Activities	-5,194	-955	-425	-84	1,091	405
Investing Cash Flow	-25,329	-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 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	-	491	5,406	3,955	23,172
Long-Term Debt Issued	-	14,027	19	10,004	2,979	11,272
Total Debt Issued	21,635	14,027	510	15,410	6,934	34,444
Short-Term Debt Repaid	-	-	-2,487	-4,329	-18,864	-7,510
Long-Term Debt Repaid	-	-6,709	-12,089	-17,916	-31,026	-7,635
Total Debt Repaid	-10,707	-6,709	-14,576	-22,245	-49,890	-15,145
Net Debt Issued (Repaid)	10,928	7,318	-14,066	-6,835	-42,956	19,299
Issuance of Common Stock	5	21	15	3	28	96
Repurchase of Common Stock	-7,990	-4,500	-215	-194	-890	-202
Dividends Paid	-8,018	-8,180	-8,208	-8,136	-9,859	-15,068
Other Financing Activities	-2,130	1,030	-2,234	-452	29,936	-2,547
Financing Cash Flow	-7,205	-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 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	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 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	17,654	19,442	18,508	20,461	12,397	26,413
Free Cash Flow Growth	-10.04%	5.05%	-9.54%	65.05%	-53.06%	-7.12%
Free Cash Flow Margin	13.88%	15.47%	15.13%	16.71%	10.27%	19.71%
Free Cash Flow Per Share	2.50	2.71	2.57	2.82	1.73	3.52
Levered Free Cash Flow	10,142	12,586	15,815	6,447	102,708	-67,741
Unlevered Free Cash Flow	14,634	16,839	20,039	10,637	106,525	-63,544

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	7,043	6,625	7,132	7,370	7,772	7,485
Cash Income Tax Paid	564	1,353	2,456	1,599	696	700
Change in Working Capital	-1,101	-1,986	-2,597	-1,884	-1,849	-4,236

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 22, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 5, 2026

Data Sources Report a data error