← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $163.8b | $160.5b | $170.8b | $181.2b | $171.8b | $168.9b | $120.7b | $122.4b | $122.3b | $125.6b | |
| Other cost of revenues (exclusive of depreciation and amortization shown separately below) | $38.6b | $37.9b | $32.9b | $34.4b | $32.9b | $31.2b | $26.8b | $27.0b | $27.0b | $25.4b | |
| Selling, general and administrative | $36.3b | $34.9b | $36.8b | $39.4b | $38.0b | $37.9b | $29.0b | $28.9b | $28.4b | $28.9b | |
| Operating expenses: | |||||||||||
| Total operating expenses | $139.4b | $139.6b | $144.7b | $153.2b | $165.4b | $145.5b | $125.3b | $99.0b | $103.3b | $101.5b | |
| Operating Income (Loss) | $24.3b | $20.0b | $26.1b | $28.0b | $6.4b | $23.3b | ($4.6b) | $23.5b | $19.0b | $24.2b | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $5.2b | $4.6b | — | $7.9b | $8.2b | $4.3b | — | — | — | — | |
| Asset impairments and abandonments and restructuring | — | — | $46.0m | $1.5b | $18.9b | $4.9b | $27.5b | $1.2b | $5.1b | $838.0m | |
| Depreciation and amortization | $25.8b | $24.4b | $28.4b | $28.2b | $28.5b | $22.9b | $18.0b | $18.8b | $20.6b | $20.9b | |
| Equipment | $18.8b | $18.7b | $19.8b | $49.8b | $47.0b | $48.6b | $24.0b | $23.1b | $22.2b | $25.4b | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | ($25.0m) | ($5.0m) | ($80.0m) | $89.0m | ($52.0m) | $1.0m | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | — | — | $5.9b | |
| Goodwill, Impairment Loss | — | — | — | — | $10.5b | — | $24.8b | — | — | — | |
| Income (Loss) from Continuing Operations | $13.3b | — | — | — | ($1.5b) | $23.8b | ($6.9b) | $15.6b | $12.3b | $23.4b | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $20.9b | $16.4b | $25.4b | $18.3b | ($452.0m) | $30.2b | ($1.5b) | $20.5b | $16.7b | $27.0b | |
| Income (Loss) from Continuing Operations, Per Basic Share | $2 | — | — | — | ($0) | $3 | ($1) | $2 | $1 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $2 | — | — | — | ($0) | $3 | ($1) | $2 | $1 | — | |
| Interest Income, Other | — | — | — | — | — | — | — | $303.0m | $212.0m | $403.0m | |
| Less: Preferred Stock Dividends and Redemption Gain | — | — | — | — | — | — | — | ($208) | ($202) | ($64) | |
| Loss from discontinued operations, net of tax | — | — | — | — | ($2.3b) | ($2.3b) | ($181.0m) | $0 | $0 | — | |
| Preferred Stock Dividends and Other Adjustments | — | — | — | — | — | — | — | ($208.0m) | ($202.0m) | $64.0m | |
| Preferred Stock Dividends, Income Statement Impact | — | — | — | $3.0m | $193.0m | $207.0m | $203.0m | $208.0m | $202.0m | ($64.0m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $19.8b | $15.1b | $24.9b | $18.5b | ($2.9b) | $26.9b | ($3.1b) | $19.8b | $16.7b | $27.0b | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $13.0b | — | — | — | $1.5b | $23.8b | ($8.5b) | $14.2b | $10.7b | $23.4b | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $13.3b | — | — | — | $1.5b | $23.8b | ($6.9b) | $15.6b | $12.3b | $23.4b | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | $2.3b | $2.3b | ($181.0m) | $0 | $0 | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | $2.3b | $2.3b | ($181.0m) | $0 | $0 | — | |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic | $13.0b | $29.4b | $19.4b | $13.9b | ($5.4b) | $19.9b | ($7.9b) | $14.2b | $10.7b | $21.9b | |
| Income Before Income Taxes | $19.8b | $15.1b | $24.9b | $18.5b | ($2.9b) | $26.9b | ($3.1b) | $19.8b | $16.7b | $27.0b | |
| Equity in net income of affiliates | $98.0m | ($128.0m) | ($48.0m) | ($6.0m) | $95.0m | $631.0m | $1.8b | $1.7b | $2.0b | $1.9b | |
| Net Income (Loss) Attributable to Parent | $13.0b | $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 | $13.0b | $29.4b | $19.4b | $13.9b | ($5.4b) | $19.9b | ($8.7b) | $14.2b | $10.7b | $21.9b | |
| Less: Net Income 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) Attributable to Noncontrolling Interest | $357.0m | $397.0m | $583.0m | $1.1b | $1.4b | $1.4b | $1.5b | $1.2b | $1.3b | $1.4b | |
| Basic Earnings (Loss) Per Share from continuing operations | $1.20 | — | — | — | ($0.26) | $1.75 | ($1.10) | $1.97 | $1.49 | — | |
| Basic Loss Per Share from discontinued operations | — | — | — | — | ($0.17) | ($0.17) | ($0.03) | $0.00 | $0.00 | — | |
| Common Stock, Dividends, Per Share, Declared | $1.46 | $1.49 | $1.52 | $1.55 | $1.57 | $1.57 | $1.11 | $1.11 | $1.11 | $1.11 | |
| Diluted Earnings (Loss) Per Share from continuing operations | $1.20 | — | — | — | ($0.26) | $1.72 | ($1.10) | $1.97 | $1.49 | — | |
| Diluted Loss Per Share from discontinued operations | — | — | — | — | ($0.17) | ($0.17) | ($0.03) | $0.00 | $0.00 | — | |
| Earnings Per Share, Basic | $1.59 | $3.60 | $2.15 | $1.44 | ($0.57) | $2.09 | ($1.13) | $1.97 | $1.49 | $3.04 | |
| Earnings Per Share, Diluted | $1.59 | $3.60 | $2.15 | $1.43 | ($0.57) | $2.08 | ($1.13) | $1.97 | $1.49 | $3.04 | |
| Weighted Average Number of Shares Outstanding, Basic | 8.2b | 8.2b | 9.0b | 9.7b | 9.5b | 9.5b | 7.2b | 7.2b | 7.2b | 7.2b | |
| Weighted Average Number of Shares Outstanding, Diluted | 8.2b | 8.2b | 9.0b | 9.7b | 9.5b | 9.5b | 7.6b | 7.3b | 7.2b | 7.2b | |
| Income tax expense | $6.5b | ($14.7b) | $4.9b | $3.5b | $965.0m | $5.5b | $3.8b | $4.2b | $4.4b | $3.6b | |
| Interest Expense | $4.9b | $6.3b | $8.0b | $8.4b | $7.9b | $6.9b | $6.1b | $6.7b | $6.8b | $6.8b | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $6.8b | $6.8b | |
| Other Cost of Operating Revenue | $38.6b | $37.9b | $32.9b | $34.4b | $32.9b | $31.2b | $26.8b | $27.0b | $27.0b | $25.4b | |
| Other Nonoperating Income (Expense) | $277.0m | $1.6b | $6.8b | ($1.1b) | ($1.4b) | $9.9b | $5.8b | $1.4b | $2.4b | $7.8b | |
| Other income (expense) – net | $277.0m | $618.0m | $6.8b | ($1.1b) | ($1.4b) | $9.9b | $5.8b | $1.4b | $2.4b | $7.8b | |
| Selling, General and Administrative Expense | $36.3b | $35.5b | $36.8b | $39.4b | $38.0b | $37.9b | $29.0b | $28.9b | $28.4b | $28.9b | |
| Income Tax Expense (Benefit) | $6.5b | ($14.7b) | $4.9b | $3.5b | $965.0m | $5.5b | $3.8b | $4.2b | $4.4b | $3.6b | |
| Total other income (expense) | ($4.5b) | ($5.8b) | ($1.2b) | ($9.5b) | ($9.3b) | $3.6b | $1.5b | ($3.6b) | ($2.4b) | $2.8b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.