← AT&T INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $13.3b | $29.4b | $19.4b | $13.9b | ($5.2b) | $20.1b | ($8.5b) | $14.4b | $10.9b | $22.0b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $13.3b | $29.8b | $20.0b | $13.9b | ($5.4b) | $19.9b | ($8.7b) | $14.2b | $10.7b | $21.9b | |
| Net increase in cash and cash equivalents and restricted cash from discontinued operations | — | — | — | — | $4.6b | $4.9b | $33.1b | $0 | $0 | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $13.0b | — | — | — | — | — | ($8.5b) | $14.2b | $10.7b | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $13.3b | — | — | — | — | — | ($6.9b) | $15.6b | $12.3b | $23.4b | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | ($181.0m) | $0 | $0 | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | ($181.0m) | $0 | $0 | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $357.0m | $397.0m | $583.0m | $1.1b | $1.4b | $1.4b | $1.5b | $1.2b | $1.3b | $1.4b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $29.8b | $20.0b | $15.0b | ($3.8b) | $21.5b | ($7.1b) | $15.6b | $12.3b | $23.4b | |
| Amortization | — | — | — | — | — | — | $169.0m | $184.0m | $159.0m | $140.0m | |
| Amortization of Intangible Assets | $5.2b | $4.6b | — | $7.9b | $8.2b | $4.3b | — | — | — | — | |
| Depreciation | $20.7b | $19.8b | $20.1b | $20.3b | $20.3b | $18.6b | $17.9b | $18.6b | $20.4b | $20.7b | |
| Depreciation, Depletion and Amortization | $25.8b | $24.4b | $28.4b | $28.2b | $28.5b | $22.9b | $18.0b | $18.8b | $20.6b | $20.9b | |
| Deferred Income Tax Expense (Benefit) | $2.9b | ($15.9b) | $610.0m | $1.8b | $1.7b | $5.2b | $3.0b | $3.0b | $1.6b | — | |
| Asset impairments and abandonments and restructuring | — | — | $46.0m | $1.5b | $18.9b | $4.9b | $27.5b | $1.2b | $5.1b | $838.0m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | $146.0m | $0 | — | $450.0m | $155.0m | $0 | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | $169.0m | $282.0m | $739.0m | $1.2b | $742.0m | $927.0m | ($381.0m) | ($441.0m) | ($80.0m) | — | |
| Goodwill, Impairment Loss | — | — | — | — | $10.5b | — | $24.8b | — | — | — | |
| Share-based Payment Arrangement, Expense | $653.0m | $480.0m | $463.0m | $819.0m | $638.0m | $637.0m | $518.0m | $479.0m | $505.0m | $536.0m | |
| Income (Loss) from Equity Method Investments | $98.0m | ($128.0m) | ($48.0m) | ($6.0m) | $95.0m | $631.0m | $1.8b | $1.7b | $2.0b | $1.9b | |
| Income Tax Expense (Benefit) | $6.5b | ($14.7b) | $4.9b | $3.5b | $965.0m | $5.5b | $3.8b | $4.2b | $4.4b | $3.6b | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $6.8b | $6.8b | |
| Other Nonoperating Income (Expense) | $277.0m | $1.6b | $6.8b | ($1.1b) | ($1.4b) | $9.9b | $5.8b | $1.4b | $2.4b | $7.8b | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | $37.0m | ($174.0m) | ($292.0m) | ($295.0m) | ($38.0m) | ($184.0m) | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts Receivable, Credit Loss Expense (Reversal) | $1.5b | $1.6b | $1.8b | $2.6b | $2.0b | $1.2b | $1.9b | $2.0b | $2.0b | $2.3b | |
| Accounts payable and other accrued liabilities | $118.0m | $816.0m | $1.6b | ($1.5b) | ($1.4b) | $1.6b | ($1.1b) | ($1.8b) | ($810.0m) | $884.0m | |
| Acquisitions, net of cash acquired | ($3.0b) | $1.1b | ($43.3b) | ($1.8b) | ($1.9b) | ($25.5b) | ($10.2b) | ($2.9b) | ($380.0m) | ($379.0m) | |
| Actuarial and settlement (gain) loss on pension and postretirement benefits – net | $1.0b | $1.3b | ($3.4b) | $5.2b | $4.2b | ($4.1b) | ($2.0b) | $1.6b | $56.0m | $519.0m | |
| Cash provided by financing activities | — | — | — | — | ($974.0m) | ($316.0m) | $35.8b | $0 | $0 | — | |
| Cash provided by investing activities | — | — | — | — | ($102.0m) | $399.0m | $1.1b | $0 | $0 | — | |
| Changes in income taxes | — | — | — | — | — | — | — | $2.6b | $2.0b | $2.2b | |
| Contract asset and cost deferral | ($2.4b) | ($1.4b) | ($3.5b) | ($910.0m) | $376.0m | $52.0m | ($947.0m) | $1.0m | $497.0m | ($1.2b) | |
| Dispositions | $646.0m | $59.0m | $2.1b | $4.7b | $3.6b | $8.7b | $199.0m | $72.0m | $75.0m | $3.2b | |
| Distributions from DIRECTV in excess of cumulative equity in earnings | — | — | — | $0 | $0 | $1.3b | $2.6b | $2.0b | $928.0m | $0 | |
| Equipment installment receivables and related sales | ($576.0m) | ($263.0m) | ($490.0m) | $548.0m | ($1.4b) | ($265.0m) | $154.0m | ($133.0m) | ($1.8b) | $324.0m | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | $171.0m | $293.0m | ($309.0m) | $257.0m | $209.0m | $85.0m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | ($25.0m) | ($5.0m) | ($80.0m) | $89.0m | ($52.0m) | $1.0m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | $196.0m | $298.0m | ($229.0m) | $168.0m | $261.0m | $84.0m | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | $441.0m | $80.0m | $5.9b | |
| Goodwill | $105.2b | $105.4b | $146.4b | $146.2b | $135.3b | $133.2b | $67.9b | $67.9b | $63.4b | $63.4b | |
| Increase (Decrease) in Other Operating Assets | ($1.7b) | $778.0m | $6.4b | $12.9b | $13.1b | $16.5b | $674.0m | $642.0m | $383.0m | $460.0m | |
| Inventories, prepaid and other current assets | $1.7b | ($777.0m) | ($6.4b) | ($12.9b) | ($13.1b) | ($16.5b) | ($674.0m) | ($642.0m) | ($383.0m) | ($460.0m) | |
| Issuance of other short-term borrowings | $0 | $0 | $4.9b | $4.0b | $9.4b | $21.9b | $4.0b | $5.4b | $491.0m | $0 | |
| Issuance of preferred interests in subsidiary | — | $0 | $0 | $7.9b | $2.0b | $0 | $0 | $7.2b | $0 | $2.2b | |
| Issuance of treasury stock | $146.0m | $33.0m | $745.0m | $631.0m | $105.0m | $96.0m | $28.0m | $3.0m | $15.0m | $21.0m | |
| Net (gain) loss on investments | — | — | — | — | — | — | — | $441.0m | $80.0m | ($5.9b) | |
| Net change in short-term borrowings with original maturities of three months or less | $0 | ($2.0m) | ($821.0m) | ($276.0m) | ($17.0m) | $1.3b | ($519.0m) | ($914.0m) | $0 | $0 | |
| Nonoperating Income (Expense) | ($4.5b) | ($4.8b) | ($1.2b) | ($9.5b) | ($9.3b) | $3.6b | $1.5b | ($3.6b) | ($2.4b) | $2.8b | |
| Note payable to DIRECTV, net of payments | — | — | — | $0 | $0 | $1.3b | ($1.2b) | ($130.0m) | $0 | $0 | |
| Other – net | ($2.4b) | ($1.2b) | $3.4b | $738.0m | $1.1b | ($2.4b) | ($3.2b) | ($2.3b) | ($2.2b) | ($1.1b) | |
| Payment of vendor financing | — | ($572.0m) | ($560.0m) | ($3.0b) | ($3.0b) | ($4.6b) | ($4.7b) | ($5.7b) | ($1.8b) | ($1.2b) | |
| Pension and postretirement benefit expense (credit) | — | ($1.0b) | ($1.1b) | ($2.0b) | ($3.0b) | ($3.8b) | ($3.2b) | ($2.6b) | ($1.9b) | ($1.6b) | |
| Postretirement claims and contributions | — | ($2.1b) | ($936.0m) | ($1.0b) | ($985.0m) | ($822.0m) | ($823.0m) | ($735.0m) | ($166.0m) | ($1.4b) | |
| Proceeds from Stock Options Exercised | — | $33.0m | $361.0m | $446.0m | $65.0m | $60.0m | $2.0m | $1.0m | — | — | |
| Provision for uncollectible accounts | $1.5b | $1.6b | $1.8b | $2.6b | $2.0b | $1.2b | $1.9b | $2.0b | $2.0b | $2.3b | |
| Purchase of treasury stock | ($512.0m) | ($463.0m) | ($609.0m) | ($2.4b) | ($5.5b) | ($202.0m) | ($890.0m) | ($194.0m) | ($215.0m) | ($4.5b) | |
| Receivables | ($1.0b) | ($986.0m) | ($1.2b) | $2.8b | $2.2b | ($634.0m) | $727.0m | $82.0m | $123.0m | ($1.5b) | |
| Redemption of preferred interests in subsidiary | — | — | $0 | $0 | ($1.9b) | $0 | ($2.7b) | ($5.3b) | $0 | ($65.0m) | |
| Redemption of preferred stock | — | — | — | — | — | — | — | $0 | $0 | ($2.1b) | |
| Repayment of other short-term borrowings | $0 | $0 | ($2.1b) | ($6.9b) | ($9.5b) | ($7.5b) | ($18.3b) | ($3.4b) | ($2.5b) | $0 | |
| Stock or Unit Option Plan Expense | — | — | $5.0m | ($5.0m) | — | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($38.0m) | ($39.0m) | ($13.0m) | ($45.0m) | — | — | — | — | — | — | |
| Total adjustments | $26.0b | $9.3b | $23.6b | $33.7b | $47.0b | $20.5b | $42.7b | $22.7b | $26.5b | $16.9b | |
| Net Cash Provided by (Used in) Operating Activities | $39.3b | $38.0b | $43.6b | $48.7b | $43.1b | $42.0b | ($3.8b) | $38.3b | $38.8b | $40.3b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $21.5b | $20.6b | $20.8b | $19.4b | $15.7b | $16.5b | $19.6b | $17.9b | $20.3b | $20.8b | |
| Payments to Acquire Businesses, Net of Cash Acquired | $3.0b | ($1.1b) | $43.3b | $1.8b | $1.9b | $25.5b | $10.2b | $2.9b | $380.0m | $379.0m | |
| (Purchases), sales and settlement of securities and investments, net | $506.0m | ($4.0m) | ($185.0m) | $435.0m | $497.0m | $44.0m | $82.0m | ($902.0m) | $2.6b | $181.0m | |
| Payments for (Proceeds from) Other Investing Activities | $0 | $0 | ($2.0m) | $0 | $0 | $172.0m | ($79.0m) | $84.0m | $425.0m | $955.0m | |
| Net Cash Provided by (Used in) Investing Activities | ($24.2b) | ($18.9b) | ($63.1b) | ($16.7b) | ($13.5b) | ($32.1b) | — | ($19.7b) | ($17.5b) | ($18.8b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $10.1b | $48.8b | $41.9b | $17.0b | $32.0b | $9.9b | $3.0b | $10.0b | $19.0m | $14.0b | |
| Repayment of long-term debt | ($10.8b) | ($12.3b) | ($52.6b) | ($27.6b) | ($40.0b) | ($3.1b) | ($25.1b) | ($12.0b) | ($10.3b) | ($5.5b) | |
| Repayments of Long-term Debt | $10.8b | $12.3b | $52.6b | $27.6b | $40.0b | $3.1b | $25.1b | $12.0b | $10.3b | $5.5b | |
| Payments for Repurchase of Common Stock | $512.0m | $463.0m | $609.0m | $2.4b | $5.5b | $202.0m | $890.0m | $194.0m | $215.0m | $4.5b | |
| Payments of Ordinary Dividends, Common Stock | $11.8b | $12.0b | $13.4b | $14.9b | $15.0b | $15.1b | $9.9b | $8.1b | $8.2b | $8.2b | |
| Proceeds from Noncontrolling Interests | — | — | — | $7.9b | $2.0b | $0 | $0 | $7.2b | $0 | $2.2b | |
| Dividends Payable, Current | $3.0b | $3.1b | $3.9b | $3.8b | $3.7b | $3.7b | $2.0b | $2.0b | $2.0b | $2.0b | |
| Dividends paid | ($11.8b) | ($12.0b) | ($13.4b) | ($14.9b) | ($15.0b) | ($15.1b) | ($9.9b) | ($8.1b) | ($8.2b) | ($8.2b) | |
| Payments of Dividends | $11.8b | $12.0b | $13.4b | $14.9b | $15.0b | $15.1b | $9.9b | $8.1b | $8.2b | $8.2b | |
| Proceeds from (Payments for) Other Financing Activities | ($1.6b) | $1.9b | ($3.9b) | ($678.0m) | ($4.6b) | ($2.4b) | ($3.2b) | ($2.3b) | ($2.2b) | ($1.1b) | |
| Net Cash Provided by (Used in) Financing Activities | ($14.5b) | $25.9b | ($26.0b) | ($25.1b) | ($32.0b) | $1.6b | — | ($15.6b) | ($24.7b) | ($6.4b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $662.0m | $45.0b | ($45.5b) | $6.9b | ($2.4b) | $11.4b | ($17.5b) | $3.0b | ($3.4b) | $15.1b | |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $662.0m | $45.0b | ($45.5b) | $6.9b | ($2.4b) | $11.4b | ($17.5b) | $3.0b | ($3.4b) | $15.1b | |
| Cash and cash equivalents and restricted cash beginning of year | $5.3b | $5.9b | $50.9b | $5.4b | $12.3b | $9.9b | $21.3b | $3.8b | $6.8b | $18.5b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $662.0m | $50.9b | $5.4b | $12.3b | $9.9b | $21.3b | $3.8b | $6.8b | $3.4b | $18.5b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | $7.7b | $7.8b | $7.4b | $7.1b | $6.6b | |
| Income Taxes Paid, Net | $3.7b | $2.0b | ($354.0m) | $1.4b | $993.0m | $700.0m | $592.0m | $1.6b | $2.5b | $1.4b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.