7Baggers

AT&T Inc
(NYSE:T) 

T stock logo

AT&T Inc. provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband,...

Founded: 1983
Full Time Employees: 203,000 (Jan 2022)
Sector: Communication Services
Industry: Telecom Services
TechnologyTelecommunication
Share this website to your friends
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-09-30 2018-06-30 2018-03-31 2017-09-30 2017-06-30 2016-09-30 2008-05-07 2007-09-30 2007-06-30 2007-03-31 2006-09-30 2006-06-30 2005-03-31 2004-03-31 
                                              
      operating revenues
    		                                          
      service
    		25,392,000,000 25,336,000,000 25,292,000,000 25,138,000,000 25,153,000,000 25,134,000,000 25,006,000,000 24,842,000,000 25,070,000,000 25,112,000,000 24,850,000,000 24,617,000,000 24,833,000,000 24,731,000,000 24,268,000,000 32,392,000,000 -112,302,853,609 34,843,000,000 38,956,000,000 38,504,000,000 -113,715,847,233 37,782,000,000 37,051,000,000 38,883,000,000 30,506,000,000 40,317,000,000 41,023,000,000 40,684,000,000 41,297,000,000 33,773,000,000 33,646,000,000 36,378,000,000 36,538,000,000 37,272,000,000         
      equipment
    		8,074,000,000 5,373,000,000 5,555,000,000 5,488,000,000 7,145,000,000 5,079,000,000 4,791,000,000 5,186,000,000 6,952,000,000 5,238,000,000 5,067,000,000 5,522,000,000 6,510,000,000 5,312,000,000 5,375,000,000 5,713,000,000 -15,602,977,527 5,079,000,000 5,089,000,000 5,435,000,000 -12,352,981,007 4,558,000,000 3,899,000,000 3,896,000,000 3,087,000,000 4,271,000,000 3,934,000,000 4,143,000,000 4,442,000,000 4,080,000,000 4,392,000,000 3,290,000,000 3,299,000,000 3,618,000,000         
      total operating revenues
    		33,466,000,000 30,709,000,000 30,847,000,000 30,626,000,000 32,298,000,000 30,213,000,000 29,797,000,000 30,028,000,000 32,022,000,000 30,350,000,000 29,917,000,000 30,139,000,000 31,343,000,000 30,043,000,000 29,643,000,000 38,105,000,000 -127,905,831,136 39,922,000,000 44,045,000,000 43,939,000,000 -126,068,828,240 42,340,000,000 40,950,000,000 42,779,000,000 33,593,000,000 44,588,000,000 44,957,000,000 44,827,000,000 45,739,000,000 38,986,000,000 38,038,000,000 39,668,000,000 39,837,000,000 40,890,000,000 30,744,000,000 30,132,000,000 29,478,000,000 28,969,000,000 15,638,000,000 15,810,000,000 10,248,000,000 10,128,000,000 
      yoy
    		3.62% 1.64% 3.52% 1.99% 0.86% -0.45% -0.40% -0.37% 2.17% 1.02% 0.92% -20.91% -124.50% -24.75% -32.70% -13.28% 1.46% -5.71% 7.56% 2.71% -475.28% -5.04% -8.91% -4.57% -26.56% 14.37% 18.19% 13.01% 14.82% -4.66% 23.72% 31.65% 35.14% 41.15% 96.60% 90.59% 187.65% 186.03%     
      qoq
    		8.98% -0.45% 0.72% -5.18% 6.90% 1.40% -0.77% -6.23% 5.51% 1.45% -0.74% -3.84% 4.33% 1.35% -22.21% -129.79% -420.39% -9.36% 0.24% -134.85% -397.75% 3.39% -4.28% 27.34% -24.66% -0.82% 0.29% -1.99% 17.32% 2.49% -4.11% -0.42% -2.58% 33.00% 2.03% 2.22% 1.76% 85.25% -1.09% 54.27% 1.18%  
      operating expenses
    		                                          
      cost of revenues
    		                                          
      other cost of revenues
    		6,322,000,000 6,351,000,000 6,412,000,000 6,339,000,000 6,837,000,000 6,697,000,000 6,627,000,000 6,811,000,000 6,708,000,000 6,835,000,000 6,771,000,000 6,673,000,000 6,572,000,000 6,761,000,000 6,807,000,000 7,206,000,000 -23,796,968,768 7,649,000,000 8,155,000,000 7,993,000,000 -24,832,967,091 8,375,000,000  8,342,000,000 6,477,500,000 8,604,000,000 8,721,000,000 8,585,000,000 8,651,000,000 7,632,000,000             
      gross profit
    		27,144,000,000 24,358,000,000 24,435,000,000 24,287,000,000 25,461,000,000 23,516,000,000 23,170,000,000 23,217,000,000 25,314,000,000 23,515,000,000 23,146,000,000 23,466,000,000 24,771,000,000 23,282,000,000 22,836,000,000 30,899,000,000 -151,702,799,904 32,273,000,000 35,890,000,000 35,946,000,000 -150,901,795,331 33,965,000,000  34,437,000,000 27,115,500,000 35,984,000,000 36,236,000,000 36,242,000,000 37,088,000,000 31,354,000,000             
      yoy
    		6.61% 3.58% 5.46% 4.61% 0.58% 0.00% 0.10% -1.06% 2.19% 1.00% 1.36% -24.06% -116.33% -27.86% -36.37% -14.04% 0.53% -4.98%  4.38% -656.51% -5.61%  -4.98% -26.89% 14.77%                 
      qoq
    		11.44% -0.32% 0.61% -4.61% 8.27% 1.49% -0.20% -8.28% 7.65% 1.59% -1.36% -5.27% 6.40% 1.95% -26.09% -120.37% -570.06% -10.08% -0.16% -123.82% -544.29%   27.00% -24.65% -0.70% -0.02% -2.28% 18.29%              
      gross margin %
    		81.11% 79.32% 79.21% 79.30% 78.83% 77.83% 77.76% 77.32% 79.05% 77.48% 77.37% 77.86% 79.03% 77.50% 77.04% 81.09% 118.61% 80.84% 81.48% 81.81% 119.70% 80.22% 0% 80.50% 80.72% 80.70% 80.60% 80.85% 81.09% 80.42% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 
      selling, general and administrative
    		7,398,000,000 7,454,000,000 6,945,000,000 7,145,000,000 7,389,000,000 6,958,000,000 7,043,000,000 7,021,000,000 7,485,000,000 7,205,000,000 7,009,000,000 7,175,000,000 7,516,000,000 7,202,000,000 7,265,000,000 9,368,000,000 -27,949,962,056 9,207,000,000 9,361,000,000 9,382,000,000 -27,856,961,961 9,266,000,000 9,831,000,000 8,790,000,000 7,269,250,000 9,584,000,000 9,844,000,000 9,649,000,000 9,598,000,000 8,684,000,000 7,897,000,000 8,317,000,000 8,113,000,000 9,013,000,000 8,086,000,000 7,915,000,000 7,640,000,000 7,437,000,000 3,620,000,000 3,792,000,000 2,470,000,000 2,408,000,000 
      asset impairments and abandonments and restructuring
    		334,000,000   504,000,000 14,000,000 4,422,000,000 480,000,000 159,000,000 589,000,000 604,000,000   26,753,000,000 114,000,000 631,000,000                            
      depreciation and amortization
    		5,128,000,000 5,317,000,000 5,251,000,000 5,190,000,000 5,374,000,000 5,087,000,000 5,072,000,000 5,047,000,000 4,766,000,000 4,705,000,000 4,675,000,000 4,631,000,000 4,595,000,000 4,514,000,000 4,450,000,000 5,539,000,000 -17,188,977,138 5,619,000,000 5,761,000,000 5,809,000,000 -21,536,971,484 7,030,000,000 7,285,000,000 7,222,000,000 5,314,000,000 6,949,000,000 7,101,000,000 7,206,000,000 8,166,000,000 6,378,000,000 5,994,000,000 6,042,000,000 6,147,000,000 6,579,000,000 4,903,000,000 5,322,000,000 5,416,000,000 5,616,000,000 2,437,000,000 2,486,000,000 1,825,000,000 1,923,000,000 
      total operating expenses
    		27,678,000,000 24,590,000,000 24,346,000,000 24,872,000,000 26,972,000,000 28,097,000,000 24,037,000,000 24,181,000,000 26,751,000,000 24,568,000,000 23,511,000,000 24,137,000,000 52,435,000,000 24,031,000,000 24,687,000,000 32,464,000,000 -109,866,854,483 32,813,000,000 40,776,000,000 36,278,000,000 -108,918,834,645 36,208,000,000 37,418,000,000 35,293,000,000 27,934,500,000 36,687,000,000 37,457,000,000 37,594,000,000 38,470,000,000 32,520,000,000 31,837,000,000 33,265,000,000 32,514,000,000 34,482,000,000 24,764,000,000 24,828,000,000 24,534,000,000 24,305,000,000 12,721,000,000 13,206,000,000 8,692,000,000 8,558,000,000 
      operating income
    		5,788,000,000 6,119,000,000 6,501,000,000 5,754,000,000 5,326,000,000 2,116,000,000 5,760,000,000 5,847,000,000 5,271,000,000 5,782,000,000 6,406,000,000 6,002,000,000 -21,092,000,000 6,012,000,000 4,956,000,000 5,641,000,000 -18,038,976,653 7,109,000,000 3,269,000,000 7,661,000,000 -17,149,993,595 6,132,000,000 3,532,000,000 7,486,000,000 5,321,000,000 7,901,000,000 7,500,000,000 7,233,000,000 7,269,000,000 6,466,000,000 6,201,000,000 6,403,000,000 7,323,000,000 6,408,000,000 5,980,000,000 5,304,000,000 4,944,000,000 4,664,000,000 2,917,000,000 2,604,000,000 1,556,000,000 1,570,000,000 
      yoy
    		8.67% 189.18% 12.86% -1.59% 1.04% -63.40% -10.08% -2.58% -124.99% -3.83% 29.26% 6.40% 16.92% -15.43% 51.61% -26.37% 5.18% 15.93% -7.45% 2.34% -422.31% -22.39% -52.91% 3.50% -26.80% 22.19% 20.95% 12.96% -0.74% 0.91% 3.70% 20.72% 48.12% 37.39% 105.01% 103.69% 217.74% 197.07%     
      qoq
    		-5.41% -5.88% 12.98% 8.04% 151.70% -63.26% -1.49% 10.93% -8.84% -9.74% 6.73% -128.46% -450.83% 21.31% -12.14% -131.27% -353.75% 117.47% -57.33% -144.67% -379.68% 73.61% -52.82% 40.69% -32.65% 5.35% 3.69% -0.50% 12.42% 4.27% -3.15% -12.56% 14.28% 7.16% 12.75% 7.28% 6.00% 59.89% 12.02% 67.35% -0.89%  
      operating margin %
    		17.30% 19.93% 21.07% 18.79% 16.49% 7.00% 19.33% 19.47% 16.46% 19.05% 21.41% 19.91% -67.29% 20.01% 16.72% 14.80% 14.10% 17.81% 7.42% 17.44% 13.60% 14.48% 8.63% 17.50% 15.84% 17.72% 16.68% 16.14% 15.89% 16.59% 16.30% 16.14% 18.38% 15.67% 19.45% 17.60% 16.77% 16.10% 18.65% 16.47% 15.18% 15.50% 
      other income
    		                                          
      interest expense
    		-1,791,000,000 -1,700,000,000 -1,655,000,000 -1,658,000,000 -1,661,000,000 -1,675,000,000 -1,699,000,000 -1,724,000,000 -1,726,000,000 -1,662,000,000 -1,608,000,000 -1,708,000,000 -1,560,000,000 -1,420,000,000 -1,502,000,000 -1,722,000,000 5,220,993,116 -1,667,000,000 -1,684,000,000 -1,870,000,000 6,030,992,075 -1,972,000,000 -2,041,000,000 -2,018,000,000 14,795,000,000 -2,083,000,000 -2,149,000,000 -2,141,000,000 -2,051,000,000 -2,023,000,000 -1,771,000,000 -1,686,000,000 -1,395,000,000 -1,224,000,000 -865,000,000 -887,000,000 -879,000,000 -873,000,000 -442,000,000 -472,000,000   
      equity in net income of affiliates
    		-10,000,000 -20,000,000 485,000,000 1,440,000,000 1,074,000,000 272,000,000 348,000,000 295,000,000 337,000,000 420,000,000 380,000,000 538,000,000 374,000,000 392,000,000 504,000,000 501,000,000 -183,999,369 91,000,000 41,000,000 52,000,000 11,000,095 5,000,000 -10,000,000 -6,000,000 -30,000,000 3,000,000 40,000,000  -64,000,000 -16,000,000 9,000,000 11,000,000 14,000,000 16,000,000 243,000,000 162,000,000 210,000,000 173,000,000 649,000,000 455,000,000  592,000,000 
      other income — net
    		1,869,000,000 6,254,000,000 767,000,000 455,000,000 462,500,000 717,000,000 682,000,000 451,000,000 590,500,000 440,000,000 987,000,000 935,000,000 1,682,250,000 2,270,000,000 2,302,000,000 2,187,000,000 1,874,750,000 2,279,000,000 999,000,000 4,221,000,000 397,250,000 -231,000,000                     
      total other income
    		-1,523,000,000 4,534,000,000 -403,000,000 237,000,000 -18,000,000 -686,000,000 -669,000,000 -978,000,000 -2,335,000,000 -802,000,000 -241,000,000 -235,000,000 -2,105,000,000 1,242,000,000 1,304,000,000 966,000,000 -2,461,996,400 703,000,000 -644,000,000 2,403,000,000 4,452,990,739 -2,198,000,000 -1,034,000,000 -1,221,000,000 -1,826,000,000 -3,015,000,000 -2,427,000,000 -1,862,000,000 -1,062,000,000 314,000,000 -60,000,000 -1,429,000,000 -1,253,000,000 -1,215,000,000 -589,000,000 -742,000,000 -542,000,000 -196,000,000 316,000,000 93,000,000  1,338,000,000 
      income before income taxes
    		4,265,000,000 10,653,000,000 6,098,000,000 5,991,000,000 2,847,500,000 1,430,000,000 5,091,000,000 4,869,000,000        6,607,000,000 -20,500,973,053 7,812,000,000 2,625,000,000 10,064,000,000 -12,697,002,856 3,934,000,000 2,498,000,000 6,265,000,000 3,832,500,000 4,886,000,000 5,073,000,000 5,371,000,000 6,207,000,000 6,780,000,000 6,141,000,000 4,974,000,000 6,070,000,000 5,193,000,000 5,391,000,000 4,562,000,000 4,402,000,000 4,468,000,000 3,233,000,000 2,697,000,000 1,301,000,000 2,908,000,000 
      income tax expense
    		109,000,000 976,000,000 1,237,000,000 1,299,000,000 886,250,000 1,285,000,000 1,142,000,000 1,118,000,000        1,443,000,000 -4,411,994,532 1,539,000,000 751,000,000 2,122,000,000 -3,002,999,035 766,000,000 935,000,000 1,302,000,000 764,750,000 937,000,000 1,099,000,000 1,023,000,000 1,391,000,000 1,532,000,000 1,382,000,000 1,851,000,000 2,056,000,000 1,775,000,000         
      net income
    		4,156,000,000 9,677,000,000 4,861,000,000 4,692,000,000 4,408,000,000 145,000,000 3,949,000,000 3,751,000,000 2,582,000,000 3,826,000,000 4,762,000,000 4,453,000,000 -23,155,000,000 6,399,000,000 4,537,000,000 5,164,000,000 -16,088,978,521 6,273,000,000 1,874,000,000 7,942,000,000 -9,694,003,821 3,168,000,000 1,563,000,000 4,963,000,000 2,704,000,000 3,949,000,000 3,974,000,000 4,348,000,000 4,816,000,000 5,248,000,000 4,759,000,000 3,123,000,000 4,014,000,000 3,418,000,000 3,461,000,000 3,063,000,000 2,904,000,000 2,848,000,000 2,165,000,000 1,808,000,000 885,000,000 1,948,000,000 
      yoy
    		-5.72% 6573.79% 23.09% 25.09% 70.72% -96.21% -17.07% -15.76% -111.15% -40.21% 4.96% -13.77% 43.92% 2.01% 142.10% -34.98% 65.97% 98.01% 19.90% 60.02% -458.51% -19.78% -60.67% 14.14% -43.85% -24.75% -16.50% 39.23% 19.98% 53.54% 37.50% 1.96% 38.22% 20.01% 59.86% 69.41% 228.14% 46.20%     
      qoq
    		-57.05% 99.07% 3.60% 6.44% 2940.00% -96.33% 5.28% 45.27% -32.51% -19.66% 6.94% -119.23% -461.85% 41.04% -12.14% -132.10% -356.48% 234.74% -76.40% -181.93% -406.00% 102.69% -68.51% 83.54% -31.53% -0.63% -8.60% -9.72% -8.23% 10.28% 52.39% -22.20% 17.44% -1.24% 12.99% 5.48% 1.97% 31.55% 19.75% 104.29% -54.57%  
      net income margin %
    		12.42% 31.51% 15.76% 15.32% 13.65% 0.48% 13.25% 12.49% 8.06% 12.61% 15.92% 14.77% -73.88% 21.30% 15.31% 13.55% 12.58% 15.71% 4.25% 18.08% 7.69% 7.48% 3.82% 11.60% 8.05% 8.86% 8.84% 9.70% 10.53% 13.46% 12.51% 7.87% 10.08% 8.36% 11.26% 10.17% 9.85% 9.83% 13.84% 11.44% 8.64% 19.23% 
      net income attributable to noncontrolling interest
    		-266,250,000 -363,000,000 -361,000,000 -341,000,000                                       
      net income attributable to at&t
    		3,788,000,000 9,314,000,000 4,500,000,000 4,351,000,000 4,080,000,000 -174,000,000 3,597,000,000 3,445,000,000 2,188,000,000 3,495,000,000 4,489,000,000 4,228,000,000 -23,517,000,000 6,026,000,000 4,157,000,000 4,810,000,000 -15,037,979,919 5,918,000,000 1,570,000,000 7,550,000,000 -8,707,005,176 2,816,000,000 1,281,000,000 4,610,000,000 2,394,000,000 3,700,000,000 3,713,000,000 4,096,000,000 4,718,000,000 5,132,000,000 4,662,000,000 3,029,000,000 3,915,000,000 3,328,000,000         
      preferred stock dividends and redemption gain
    		-7,000,000 -36,000,000 -36,000,000 44,000,000                                       
      net income attributable to common stock
    		3,752,000,000 9,278,000,000 4,464,000,000 4,395,000,000 4,031,000,000 -226,000,000 3,546,000,000 3,395,000,000 2,135,000,000 3,444,000,000 4,437,000,000 4,176,000,000 -23,571,000,000 5,977,000,000 4,105,000,000 4,762,000,000 -14,881,980,126 5,868,000,000 1,514,000,000 7,500,000,000 -8,569,005,369 2,762,000,000 1,229,000,000 4,578,000,000                   
      basic earnings per share attributable tocommon stock
    		0.628 1.29   0.233 -0.03          0.66 0.518 0.82 0.21  0.298 0.39                     
      diluted earnings per share attributable tocommon stock
    		0.628 1.29   0.233 -0.03          0.65 0.518 0.82 0.21  0.298 0.39                     
      weighted-average number of common sharesoutstanding — basic
    		 7,156 7,209 7,213  7,202 7,196 7,192  7,185 7,180 7,168  7,153 7,169 7,184  7,171 7,168   7,147                     
      weighted-average number of common sharesoutstanding — with dilution
    		 7,169 7,219 7,223  7,208 7,198 7,193  7,185 7,180 7,474  7,647 7,611 7,556  7,202 7,200   7,173                     
      basic earnings per share attributable to common stock
    		  0.62 0.61   0.49 0.47 0.3 0.48 0.61 0.58 -3.19 0.83 0.57     1.04    0.63                   
      diluted earnings per share attributable to common stock
    		  0.62 0.61   0.49 0.47 0.3 0.48 0.61 0.57 -3.14 0.8 0.56     1.04    0.63                   
      less: net income attributable to noncontrolling interest
    		    -328,000,000 -319,000,000 -352,000,000 -306,000,000 -394,000,000 -331,000,000 -273,000,000 -225,000,000 -362,000,000 -373,000,000 -380,000,000 -354,000,000 1,050,998,602 -355,000,000 -304,000,000 -392,000,000 986,998,645 -352,000,000 -282,000,000 -353,000,000 -310,000,000 -249,000,000 -261,000,000 -252,000,000 -98,000,000 -116,000,000 -97,000,000 -94,000,000 -99,000,000 -90,000,000         
      less: preferred stock dividends
    		    -49,000,000 -52,000,000 -51,000,000 -50,000,000 -53,000,000 -51,000,000 -52,000,000 -52,000,000 -54,000,000 -49,000,000 -52,000,000 -48,000,000 155,999,793 -50,000,000 -56,000,000 -50,000,000 137,999,807 -54,000,000 -52,000,000 -32,000,000                   
      income from continuing operations before income taxes
    		        2,936,000,000 4,980,000,000 6,165,000,000 5,767,000,000 -23,197,000,000 7,254,000,000 6,260,000,000                            
      income tax expense on continuing operations
    		        354,000,000 1,154,000,000 1,403,000,000 1,314,000,000 -77,000,000 908,000,000 1,509,000,000                            
      income from continuing operations
    		        2,582,000,000 3,826,000,000 4,762,000,000 4,453,000,000 -23,120,000,000 6,346,000,000 4,751,000,000                          885,000,000  
      income from discontinued operations, net of tax
    		            -36,500,000 53,000,000 -214,000,000                            
      basic earnings per share from continuing operations
    		        0.3 0.48 0.61 0.58 -3.18 0.82 0.6                            
      basic earnings per share from discontinued operations
    		            -0.005 0.01 -0.03                            
      diluted earnings per share from continuing operations
    		        0.3 0.48 0.61 0.57 -3.13 0.79 0.59                            
      diluted earnings per share from discontinued operations
    		            -0.005 0.01 -0.03                            
      broadcast, programming and operations
    		               4,313,000,000 -19,890,975,203 4,750,000,000 7,603,000,000 7,538,000,000 -19,554,972,695 6,912,000,000 5,889,000,000 6,847,000,000 5,612,000,000 7,066,000,000 7,730,000,000 7,652,000,000 7,227,000,000 5,449,000,000 5,166,000,000 5,284,000,000 4,898,000,000 4,909,000,000         
      asset impairments and abandonments
    		                -4,715,995,096 161,000,000 4,555,000,000  -2,514,981,120 73,000,000 2,319,000,000                    
      weighted-average number of common shares outstanding — basic
    		                   7,161                       
      weighted-average number of common shares outstanding — with dilution
    		                   7,188                       
      other cost of revenues (exclusive of depreciation and
    		                                          
      amortization shown separately below)
    		                      8,116,000,000             11,591,000,000 11,478,000,000  6,664,000,000 6,928,000,000   
      other income – net
    		                      1,017,000,000 803,000,000 -241,750,000 -935,000,000 -318,000,000 286,000,000 1,053,000,000 2,353,000,000 1,702,000,000 246,000,000 128,000,000 -7,000,000 33,000,000 -17,000,000 88,000,000 469,000,000 11,000,000 15,000,000   
      basic earnings per share attributable to
    		                                          
      common stock
    		                      0.17                    
      diluted earnings per share attributable to
    		                                          
      weighted-average number of common shares
    		                                          
      outstanding – basic
    		                      7,145           6,168         
      outstanding – with dilution
    		                      7,170           6,189         
      see notes to consolidated financial statements.
    		                                          
      weighted-average number of common shares outstanding – basic
    		                       7,187  7,327 7,323 7,313 7,284 6,351 6,161 6,162 6,165          
      weighted-average number of common shares outstanding – with dilution
    		                       7,214  7,356 7,353 7,342 7,320 6,374 6,180 6,182 6,184          
      basic earnings per share attributable to at&t
    		                        0.393 0.5 0.51 0.56 0.65 0.81 0.75 0.49 0.63 0.54         
      diluted earnings per share attributable to at&t
    		                        0.393 0.5 0.51 0.56 0.65 0.81 0.75 0.49 0.63 0.54         
      dividends declared per common share
    		                            0.5 0.5 0.5 0.49 0.49 0.48 0.4 355,000 355,000 355,000 332,500 332,500 322,500 312,500 
      media
    		                             1,133,000,000             
      cost of services and sales
    		                                          
      other cost of services
    		                              7,932,000,000 9,431,000,000 9,218,000,000 9,526,000,000         
      wireless service
    		                                  10,605,000,000 9,834,000,000 9,513,000,000 9,070,000,000     
      voice
    		                                  9,693,000,000 10,164,000,000 10,378,000,000 10,455,000,000 8,464,000,000 8,618,000,000 5,086,000,000 5,232,000,000 
      data
    		                                  5,972,000,000 5,880,000,000 5,746,000,000 5,655,000,000 4,546,000,000 4,477,000,000 2,824,000,000 2,647,000,000 
      directory
    		                                  1,398,000,000 1,240,000,000 1,155,000,000 1,022,000,000 906,000,000 909,000,000   
      other
    		                                  3,076,000,000 3,014,000,000 2,686,000,000 2,767,000,000 1,722,000,000 1,806,000,000 491,000,000 440,000,000 
      cost of sales (exclusive of depreciation and amortization
    		                                          
      shown separately below)
    		                                  11,775,000,000   11,252,000,000   4,397,000,000 4,227,000,000 
      income taxes
    		                                  1,930,000,000 1,499,000,000 1,498,000,000 1,620,000,000 1,068,000,000 889,000,000 416,000,000 960,000,000 
      basic earnings per share
    		                                  0.58        
      diluted earnings per share
    		                                  0.57        
      weighted-average number of common
    		                                          
      shares outstanding – basic
    		                                  5,997 6,088,000,000 6,145,000,000 6,224,000,000 3,873,000,000 3,886,000,000   
      cost of sales (exclusive of depreciation and
    		                                          
      earnings per common share
    		                                          
      earnings per common share - assuming dilution
    		                                          
      weighted average number of common
    		                                          
      interest income
    		                                    39,000,000 35,000,000 98,000,000 95,000,000 109,000,000 116,000,000 
      earnings per common share:
    		                                          
      earnings per common share - assuming dilution:
    		                                          
      long-distance voice
    		                                        901,000,000 749,000,000 
      directory advertising
    		                                        946,000,000 1,060,000,000 
      other income - net
    		                                        47,000,000 861,000,000 
      shares outstanding - basic
    		                                        3,303,000,000  
      income before cumulative effect of accounting changes
    		                                         1,948,000,000 
      cumulative effect of accounting changes, net of tax
    		                                          
      shares outstanding
    		                                         3,308,000,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2018-09-30 2018-06-30 2018-03-31 2017-09-30 2017-06-30 2017-03-31 2016-09-30 2014-10-01 2008-05-07 2007-09-30 2007-06-30 2007-03-31 2006-09-30 2006-06-30 2004-03-31 
                                                
        assets
      		                                          
        current assets
      		                                          
        cash and cash equivalents
      		18,234,000,000 20,272,000,000 10,499,000,000 6,885,000,000 3,298,000,000 2,586,000,000 3,093,000,000 3,520,000,000 6,722,000,000 7,540,000,000 9,528,000,000 2,821,000,000 3,701,000,000 2,423,000,000 4,018,000,000 38,565,000,000 21,169 21,270,000,000 11,869,000,000 11,342,000,000 9,740 9,758,000,000 16,941,000,000 9,955,000,000 12,130,000,000 6,588,000,000 8,423,000,000 8,657,000,000 13,523,000,000 48,872,000,000 48,499,000,000 25,617,000,000 14,884,000,000 5,895,000,000  1,963,000,000 2,714,000,000 2,570,000,000 2,364,000,000 1,251,000,000 1,097,000,000 7,081,000,000 
        accounts receivable – net of related allowance for credit loss of 429 and 375
      		8,843,000,000                                          
        inventories
      		2,420,000,000 2,886,000,000 2,357,000,000 2,593,000,000 2,270,000,000 2,529,000,000 1,816,000,000 2,127,000,000 2,177,000,000 2,520,000,000 2,348,000,000 2,791,000,000 3,123,000,000 3,935,000,000 3,241,000,000 3,153,000,000 3,464 3,088,000,000 2,810,000,000 3,347,000,000                       
        prepaid and other current assets
      		19,235,000,000 22,485,000,000 17,606,000,000 15,074,000,000 15,962,000,000 15,616,000,000 15,273,000,000 15,221,000,000 17,270,000,000 16,598,000,000 15,492,000,000 14,077,000,000 14,818,000,000 14,553,000,000 15,764,000,000 17,920,000,000 17,793 16,568,000,000 32,419,000,000 31,094,000,000                       
        total current assets
      		48,732,000,000 54,579,000,000 39,306,000,000 33,780,000,000 31,168,000,000 29,799,000,000 29,868,000,000 30,445,000,000 36,458,000,000 35,620,000,000 36,672,000,000 29,903,000,000 33,108,000,000 32,295,000,000 34,485,000,000 76,856,000,000 59,997 57,230,000,000 62,869,000,000 62,754,000,000 52,008 49,971,000,000 56,555,000,000 52,704,000,000 54,761,000,000 50,695,000,000 47,218,000,000 53,107,000,000 55,286,000,000 78,505,000,000 76,357,000,000 53,547,000,000 45,727,000,000 37,374,000,000  23,946,000,000 25,543,000,000 24,393,000,000 24,693,000,000 13,512,000,000 13,635,000,000 15,818,000,000 
        property, plant and equipment – net
      		131,559,000,000 129,922,000,000 129,094,000,000 128,453,000,000 128,871,000,000 127,964,000,000 127,772,000,000 127,851,000,000 128,489,000,000 128,496,000,000 128,783,000,000 128,458,000,000 127,445,000,000 127,045,000,000 125,135,000,000 127,159,000,000 125,904 124,419,000,000 123,591,000,000 124,607,000,000 127,315  128,945,000,000 128,921,000,000 130,128,000,000 131,316,000,000 132,074,000,000 130,348,000,000 129,556,000,000 125,124,000,000 126,462,000,000 126,184,000,000 125,292,000,000 123,922,000,000  96,238,000,000 94,446,000,000 94,055,000,000 93,592,000,000 57,651,000,000 58,351,000,000  
        goodwill – net
      		63,425,000,000 63,425,000,000 63,432,000,000 63,432,000,000 63,432,000,000 63,432,000,000 67,854,000,000 67,854,000,000 67,854,000,000 67,854,000,000 67,854,000,000 67,895,000,000 67,895,000,000                              
        licenses – net
      		128,148,000,000 127,771,000,000 127,543,000,000 127,344,000,000 127,035,000,000 127,134,000,000 127,279,000,000 127,423,000,000 127,219,000,000 127,113,000,000 125,049,000,000 124,502,000,000 124,092,000,000 123,856,000,000 123,557,000,000 114,107,000,000 113,830 112,423,000,000 87,962,000,000 87,947,000,000 93,840  98,763,000,000 96,662,000,000 97,907,000,000 96,026,000,000 97,125,000,000                
        other intangible assets – net
      		5,254,000,000 5,254,000,000 5,255,000,000 5,255,000,000 5,255,000,000 5,256,000,000 5,277,000,000 5,281,000,000 5,283,000,000 5,332,000,000 5,339,000,000 5,346,000,000 5,354,000,000 5,362,000,000 5,371,000,000 11,452,000,000 11,783 12,338,000,000 12,736,000,000 13,384,000,000 15,386  18,452,000,000 19,623,000,000 20,798,000,000 22,060,000,000 23,284,000,000 28,673,000,000 30,800,000,000 7,201,000,000 7,775,000,000 7,980,000,000 8,295,000,000 8,734,000,000   6,001,000,000 6,064,000,000     
        investments in and advances to equity affiliates
      		1,106,000,000 1,056,000,000 1,011,000,000 942,000,000 295,000,000 281,000,000 584,000,000 891,000,000 1,251,000,000 1,847,000,000 2,779,000,000 2,810,000,000 3,533,000,000 3,964,000,000 4,523,000,000 5,943,000,000 7,274 8,629,000,000 1,853,000,000 1,805,000,000 1,780 2,325,000,000 2,302,000,000 3,606,000,000 3,695,000,000 4,137,000,000 4,133,000,000 6,128,000,000 8,007,000,000 2,623,000,000             
        operating lease right-of-use assets
      		22,642,000,000 22,654,000,000 21,494,000,000 21,006,000,000 20,909,000,000 20,779,000,000 20,582,000,000 20,668,000,000 20,905,000,000 21,001,000,000 21,581,000,000 21,619,000,000 21,814,000,000 21,782,000,000 21,808,000,000 23,941,000,000 24,180 24,341,000,000 24,390,000,000 24,415,000,000 24,714 24,546,000,000 24,692,000,000 24,008,000,000 24,039,000,000 24,477,000,000 22,650,000,000                
        other assets
      		19,332,000,000 18,552,000,000 18,356,000,000 17,255,000,000 17,830,000,000 19,074,000,000 18,810,000,000 19,015,000,000 19,601,000,000 19,435,000,000 20,396,000,000 20,340,000,000 19,612,000,000 19,434,000,000 18,808,000,000 22,291,000,000 22,568 21,748,000,000 21,598,000,000 21,496,000,000 23,617 21,609,000,000 21,563,000,000 22,829,000,000 22,754,000,000 22,304,000,000 22,733,000,000 25,490,000,000 23,941,000,000 20,974,000,000 18,332,000,000 17,645,000,000 17,462,000,000 16,527,000,000  6,697,000,000 6,901,000,000 6,848,000,000 6,608,000,000 16,365,000,000 16,150,000,000 14,615,000,000 
        total assets
      		420,198,000,000 423,213,000,000 405,491,000,000 397,467,000,000 394,795,000,000 393,719,000,000 398,026,000,000 399,428,000,000 407,060,000,000 406,698,000,000 408,453,000,000 400,873,000,000 402,853,000,000 426,463,000,000 426,433,000,000 577,195,000,000 551,622 547,107,000,000 544,710,000,000 546,985,000,000 525,761 538,553,000,000 547,898,000,000 545,354,000,000 551,669,000,000 548,796,000,000 546,914,000,000 534,870,000,000 534,691,000,000 446,343,000,000 443,865,000,000 420,795,000,000 411,903,000,000 402,975,000,000  278,199,000,000 267,968,000,000 267,346,000,000 268,276,000,000 143,892,000,000 144,350,000,000 100,419,000,000 
        liabilities and stockholders’ equity
      		                                          
        current liabilities
      		                                          
        debt maturing within one year
      		9,011,000,000 11,378,000,000 9,254,000,000 8,902,000,000 5,089,000,000 2,637,000,000 5,249,000,000 7,060,000,000 9,477,000,000 11,302,000,000 15,268,000,000 13,757,000,000 7,467,000,000 9,626,000,000 6,210,000,000 27,333,000,000 24,630 23,755,000,000 24,016,000,000 19,505,000,000 3,470 5,898,000,000 15,576,000,000 17,067,000,000 11,838,000,000 11,608,000,000 12,772,000,000 14,905,000,000 21,672,000,000 29,322,000,000 8,551,000,000 10,831,000,000 12,681,000,000 7,982,000,000  13,301,000,000 6,026,000,000 7,701,000,000 7,119,000,000 4,713,000,000 3,314,000,000 2,070,000,000 
        accounts payable and accrued liabilities
      		38,514,000,000 36,592,000,000 33,289,000,000 33,113,000,000 35,657,000,000 31,935,000,000 31,173,000,000 31,973,000,000 35,852,000,000 34,659,000,000 33,038,000,000 38,389,000,000 42,644,000,000 36,642,000,000 36,659,000,000 46,845,000,000 50,661 47,926,000,000 49,429,000,000 48,245,000,000 49,032 42,728,000,000 41,881,000,000 40,771,000,000 45,956,000,000 43,955,000,000 42,082,000,000 39,375,000,000 35,488,000,000 31,569,000,000 28,928,000,000 26,471,000,000 27,120,000,000 28,849,000,000  18,590,000,000 20,239,000,000 19,171,000,000 17,949,000,000 14,789,000,000 15,472,000,000 9,471,000,000 
        advanced billings and customer deposits
      		4,266,000,000 3,897,000,000 3,999,000,000 3,951,000,000 4,099,000,000 4,059,000,000 3,981,000,000 3,713,000,000 3,778,000,000 3,703,000,000 3,833,000,000 3,922,000,000 3,918,000,000 3,705,000,000 3,603,000,000 5,183,000,000 5,303 4,991,000,000 4,932,000,000 5,029,000,000 6,176 5,862,000,000 5,723,000,000 5,960,000,000 6,124,000,000 6,097,000,000 5,734,000,000   5,081,000,000             
        dividends payable
      		1,989,000,000 2,009,000,000 2,023,000,000 2,033,000,000 2,027,000,000 2,027,000,000 2,026,000,000 2,088,000,000 2,020,000,000 2,020,000,000 2,020,000,000 2,082,000,000 2,014,000,000 2,013,000,000 2,013,000,000 2,086,000,000 3,749 3,749,000,000 3,749,000,000 3,829,000,000 3,741 3,741,000,000 3,741,000,000 3,737,000,000 3,781,000,000 3,725,000,000 3,726,000,000 3,635,000,000 3,630,000,000 3,074,000,000 3,008,000,000 3,008,000,000 3,012,000,000 2,948,000,000  2,375,000,000 2,156,000,000 2,168,000,000 2,197,000,000 1,281,000,000 1,291,000,000 1,035,000,000 
        total current liabilities
      		53,780,000,000 53,876,000,000 48,565,000,000 47,999,000,000 46,872,000,000 40,658,000,000 42,429,000,000 44,834,000,000 51,127,000,000 51,684,000,000 54,159,000,000 58,150,000,000 56,173,000,000 52,257,000,000 49,189,000,000 82,494,000,000 85,588 81,601,000,000 82,126,000,000 76,608,000,000 63,438 59,565,000,000 69,469,000,000 69,704,000,000 68,911,000,000 68,126,000,000 66,376,000,000 65,420,000,000 68,593,000,000 70,580,000,000 47,693,000,000 48,012,000,000 50,690,000,000 47,102,000,000  42,129,000,000 38,174,000,000 38,539,000,000 34,746,000,000 23,905,000,000 23,032,000,000 13,471,000,000 
        long-term debt
      		127,089,000,000 128,090,000,000 123,057,000,000 117,259,000,000 118,443,000,000 126,375,000,000 125,355,000,000 125,704,000,000 127,854,000,000 126,701,000,000 128,012,000,000 123,727,000,000 128,423,000,000 123,854,000,000 129,747,000,000 180,225,000,000 152,724 155,406,000,000 155,767,000,000 160,694,000,000 153,775 152,980,000,000 153,388,000,000 147,202,000,000 151,309,000,000 153,568,000,000 157,790,000,000 168,513,000,000 168,495,000,000 133,724,000,000 154,728,000,000 132,824,000,000 120,568,000,000 117,239,000,000  60,189,000,000 54,585,000,000 53,970,000,000 55,467,000,000 26,799,000,000 27,159,000,000 15,854,000,000 
        deferred credits and other noncurrent liabilities
      		                                          
        noncurrent deferred tax liabilities
      		58,312,000,000 59,304,000,000 59,786,000,000 59,144,000,000                                       
        postemployment benefit obligation
      		8,478,000,000 8,728,000,000 9,079,000,000 9,040,000,000 9,025,000,000 8,750,000,000 8,744,000,000 8,743,000,000 8,734,000,000 6,494,000,000 6,696,000,000 7,060,000,000 7,260,000,000 6,152,000,000 9,775,000,000 11,294,000,000 12,649 14,158,000,000 14,876,000,000 14,723,000,000 18,276 17,928,000,000 18,167,000,000 18,324,000,000 18,788,000,000 22,853,000,000 21,210,000,000 28,981,000,000 28,791,000,000 30,116,000,000 31,231,000,000 31,422,000,000 33,404,000,000 33,483,000,000  24,510,000,000 28,756,000,000 28,609,000,000 28,352,000,000 18,150,000,000 18,461,000,000 12,472,000,000 
        operating lease liabilities
      		18,943,000,000 19,025,000,000 17,762,000,000 17,433,000,000 17,391,000,000 17,331,000,000 17,174,000,000 17,291,000,000 17,568,000,000 17,730,000,000 18,311,000,000 18,413,000,000 18,659,000,000 18,741,000,000 18,749,000,000 20,917,000,000 21,261 21,510,000,000 21,637,000,000 21,766,000,000 22,202 22,056,000,000 22,230,000,000 21,584,000,000 21,804,000,000 22,288,000,000 20,568,000,000                
        other noncurrent liabilities
      		25,104,000,000 25,451,000,000 23,865,000,000 24,753,000,000 23,900,000,000 23,884,000,000 24,082,000,000 23,441,000,000 23,696,000,000 25,591,000,000 25,258,000,000 27,883,000,000 28,849,000,000 29,426,000,000 28,365,000,000 29,746,000,000 30,223 29,466,000,000 28,726,000,000 28,229,000,000 28,358 30,520,000,000 32,804,000,000 34,600,000,000 29,421,000,000 29,848,000,000 28,176,000,000 26,490,000,000 25,017,000,000 19,117,000,000 19,723,000,000 20,753,000,000 21,160,000,000 20,899,000,000  13,910,000,000 12,526,000,000 13,926,000,000 14,539,000,000 5,081,000,000 5,148,000,000 3,475,000,000 
        total deferred credits and other noncurrent liabilities
      		110,837,000,000 112,508,000,000 110,492,000,000 110,370,000,000 109,255,000,000 108,426,000,000 108,918,000,000 108,295,000,000 108,664,000,000 108,486,000,000 108,237,000,000 110,650,000,000 111,800,000,000 110,374,000,000 112,190,000,000 127,920,000,000 129,455 128,797,000,000 126,971,000,000 126,604,000,000 129,308 130,952,000,000 131,588,000,000 132,999,000,000 129,515,000,000 132,775,000,000 128,667,000,000 115,966,000,000 113,473,000,000 94,963,000,000 115,335,000,000 114,101,000,000 115,664,000,000 114,031,000,000  63,623,000,000 64,035,000,000 63,176,000,000 64,057,000,000 37,787,000,000 38,690,000,000 31,685,000,000 
        redeemable noncontrolling interest
      		2,001,000,000 1,984,000,000 1,983,000,000 1,981,000,000 1,980,000,000 1,978,000,000 1,977,000,000 1,975,000,000 1,973,000,000 1,972,000,000 1,970,000,000                                
        stockholders’ equity
      		                                          
        preferred stock
      		                                          
        series a
      		                                          
        series b
      		                                          
        series c
      		                                          
        common stock
      		7,621,000,000 7,621,000,000 7,621,000,000 7,621,000,000 7,621,000,000 7,621,000,000 7,621,000,000 7,621,000,000 7,621,000,000 7,621,000,000 7,621,000,000 7,621,000,000 7,621,000,000 7,621,000,000 7,621,000,000 7,621,000,000 7,621 7,621,000,000 7,621,000,000 7,621,000,000 7,621 7,621,000,000     7,621,000,000 7,621,000,000 7,621,000,000  6,495,000,000            
        additional paid-in capital
      		106,533,000,000 106,461,000,000 106,381,000,000 106,302,000,000 109,108,000,000 109,354,000,000 111,515,000,000 111,599,000,000 114,519,000,000 116,890,000,000 118,833,000,000 120,774,000,000 123,610,000,000 122,933,000,000 122,850,000,000 129,637,000,000 130,112 130,035,000,000 129,941,000,000 129,856,000,000 130,175 130,139,000,000 130,046,000,000 129,966,000,000 126,279,000,000 125,139,000,000 125,109,000,000 125,706,000,000 125,960,000,000 89,404,000,000 89,527,000,000 89,471,000,000 89,411,000,000 89,536,000,000         
        retained earnings
      		15,768,000,000 13,974,000,000 6,680,000,000 4,215,000,000 1,871,000,000  2,000,000       6,127,000,000 2,128,000,000 45,041,000,000 42,350 41,091,000,000 38,947,000,000 41,154,000,000 37,457 55,094,000,000 56,045,000,000 58,534,000,000 57,936,000,000 59,347,000,000 59,389,000,000 57,624,000,000 56,555,000,000 55,067,000,000 36,074,000,000 36,067,000,000 35,175,000,000 35,319,000,000  34,311,000,000 32,606,000,000 31,706,000,000 30,972,000,000 30,653,000,000 29,771,000,000 28,548,000,000 
        treasury stock
      		-18,529,000,000 -16,700,000,000 -15,210,000,000 -14,252,000,000 -15,023,000,000 -15,087,000,000 -15,268,000,000 -15,277,000,000 -16,128,000,000 -16,150,000,000 -16,158,000,000 -16,166,000,000 -17,082,000,000 -17,148,000,000 -17,160,000,000 -16,553,000,000 -17,280 -17,319,000,000 -17,332,000,000 -17,342,000,000 -17,910 -17,950,000,000     -11,151,000,000  -12,872,000,000  -12,716,000,000            
        accumulated other comprehensive income
      		-860,000,000 -648,000,000 -200,000,000 -142,000,000 795,000,000 648,000,000 1,440,000,000 2,167,000,000 2,300,000,000 2,545,000,000 2,305,000,000 2,354,000,000 2,766,000,000 2,873,000,000 2,307,000,000 3,290,000,000 3,529 2,343,000,000 3,119,000,000 4,199,000,000 4,330 649,000,000 129,000,000 -385,000,000 5,470,000,000 2,137,000,000 3,289,000,000 5,383,000,000 5,716,000,000 7,386,000,000 5,580,000,000 5,389,000,000 5,160,000,000 4,850,000,000  -556,000,000 -5,050,000,000 -5,066,000,000 -5,186,000,000 -348,000,000 -364,000,000 65,000,000 
        noncontrolling interest
      		15,958,000,000 16,047,000,000 16,122,000,000 16,114,000,000 13,873,000,000 13,931,000,000 14,037,000,000 14,080,000,000 14,145,000,000 14,152,000,000 14,172,000,000 8,950,000,000 8,957,000,000 17,572,000,000 17,561,000,000 17,520,000,000 17,523 17,532,000,000 17,550,000,000 17,591,000,000 17,567 19,503,000,000 17,557,000,000 17,670,000,000 17,713,000,000 11,278,000,000 9,824,000,000 1,123,000,000 1,150,000,000 1,156,000,000 1,149,000,000 1,133,000,000 1,140,000,000 992,000,000         
        total stockholders’ equity
      		126,491,000,000 126,755,000,000 121,394,000,000 119,858,000,000 118,245,000,000 116,282,000,000 119,347,000,000 118,620,000,000 117,442,000,000 117,855,000,000 116,075,000,000 108,346,000,000 106,457,000,000 139,978,000,000 135,307,000,000 186,556,000,000 183,855 181,303,000,000 179,846,000,000 183,079,000,000 179,240 195,056,000,000 193,453,000,000 195,449,000,000 201,934,000,000 194,327,000,000 194,081,000,000 184,971,000,000 184,130,000,000       112,258,000,000 111,174,000,000 111,661,000,000 114,006,000,000 55,401,000,000 55,469,000,000  
        total liabilities and stockholders’ equity
      		420,198,000,000 423,213,000,000 405,491,000,000 397,467,000,000 394,795,000,000 393,719,000,000 398,026,000,000 399,428,000,000 407,060,000,000 406,698,000,000 408,453,000,000 400,873,000,000 402,853,000,000 426,463,000,000 426,433,000,000 577,195,000,000 551,622 547,107,000,000 544,710,000,000 546,985,000,000 525,761 538,553,000,000 547,898,000,000 545,354,000,000 551,669,000,000 548,796,000,000 546,914,000,000 534,870,000,000 534,691,000,000       278,199,000,000 267,968,000,000 267,346,000,000 268,276,000,000 143,892,000,000 144,350,000,000  
        accounts receivable – net of related allowances for credit loss of 395 and 375
      		 8,936,000,000                                         
        property, plant and equipment
      		 359,091,000,000 356,188,000,000 351,203,000,000  346,030,000,000 342,607,000,000 339,115,000,000  337,309,000,000 334,206,000,000 330,486,000,000  327,903,000,000 323,349,000,000 323,434,000,000  325,866,000,000 322,259,000,000 322,534,000,000  333,797,000,000 332,883,000,000 329,187,000,000  337,240,000,000 334,916,000,000 327,680,000,000 324,889,000,000 317,127,000,000 326,240,000,000 323,098,000,000 319,108,000,000 316,261,000,000  209,920,000,000 206,818,000,000 203,845,000,000 204,205,000,000 152,573,000,000 151,716,000,000  
        less: accumulated depreciation and amortization
      		 -229,169,000,000 -227,094,000,000 -222,750,000,000  -218,066,000,000 -214,835,000,000 -211,264,000,000  -208,813,000,000 -205,423,000,000 -202,028,000,000  -200,858,000,000 -198,214,000,000 -196,275,000,000  -201,447,000,000 -198,668,000,000 -197,927,000,000  -205,075,000,000 -203,938,000,000 -200,266,000,000  -205,924,000,000 -202,842,000,000 -197,332,000,000 -195,333,000,000 -192,003,000,000 -199,778,000,000 -196,914,000,000 -193,816,000,000 -192,339,000,000  113,682,000,000 112,372,000,000 109,790,000,000 110,613,000,000 94,922,000,000 93,365,000,000 83,122,000,000 
        accounts receivable – net of related allowances for credit loss of 392 and 375
      		  8,844,000,000                                        
        accounts receivable – net of related allowances for credit loss of 357 and 375
      		   9,228,000,000                                       
        accounts receivable – net of related allowance for credit loss of 375 and 499
      		    9,638,000,000                                      
        deferred income taxes
      		    58,939,000,000 58,461,000,000 58,918,000,000 58,820,000,000 58,666,000,000 58,671,000,000 57,972,000,000 57,294,000,000 57,032,000,000 56,055,000,000 55,301,000,000 65,963,000,000 65,226 63,405,000,000 61,732,000,000 61,886,000,000 60,472 60,448,000,000 58,387,000,000 58,491,000,000 59,502,000,000 57,786,000,000 58,713,000,000 60,495,000,000 59,665,000,000 45,730,000,000 64,381,000,000 61,926,000,000 61,100,000,000 59,649,000,000  1,934,000,000 2,433,000,000 2,360,000,000 2,571,000,000 1,598,000,000 1,876,000,000 644,000,000 
        accounts receivable – net of related allowances for credit loss of 403 and 499
      		     9,068,000,000                                     
        retained (deficit) earnings
      		     -185,000,000  -1,570,000,000 -5,015,000,000 -7,203,000,000 -10,698,000,000 -15,187,000,000 -19,415,000,000                              
        accounts receivable – net of related allowances for credit loss of 443 and 499
      		      9,686,000,000                                    
        accounts receivable – net of related allowances for credit loss of 463 and 499
      		       9,577,000,000                                   
        accounts receivable – net of related allowance for credit loss of 499 and 588
      		        10,289,000,000                                  
        note payable to directv
      		            130,000,000 271,000,000 619,000,000 1,047,000,000 1,245 1,180,000,000                         
        accounts receivable – net of related allowances for credit loss of 484 and 588
      		         8,962,000,000                                 
        accounts receivable – net of related allowances for credit loss of 528 and 588
      		          9,304,000,000                                
        accounts receivable – net of related allowances for credit loss of 619 and 588
      		           10,214,000,000                               
        accounts receivable – net of related allowance for credit loss of 588 and 658
      		            11,466,000,000                              
        assets from discontinued operations
      		              85,000,000                            
        liabilities from discontinued operations
      		              85,000,000                            
        accounts receivable – net of related allowances for credit loss of 646 and 658
      		             11,384,000,000                             
        goodwill
      		             92,725,000,000 92,746,000,000 133,247,000,000 133,223 133,663,000,000 134,626,000,000 135,168,000,000 135,259 143,688,000,000 143,651,000,000 145,546,000,000 146,241,000,000 146,106,000,000 146,662,000,000 146,475,000,000 142,607,000,000 105,482,000,000 105,668,000,000 105,546,000,000 105,593,000,000 105,271,000,000  70,815,000,000 66,847,000,000 67,072,000,000 67,235,000,000 13,385,000,000 13,433,000,000 1,621,000,000 
        accounts receivable – net of related allowances for credit loss of 655 and 658
      		              11,377,000,000                            
        see notes to consolidated financial statements.
      		                                          
        accounts receivable – net of related allowances for credit loss of 788 and 771
      		               17,218,000,000                           
        noncurrent inventories and theatrical film and television production costs
      		               19,803,000,000 18,983 17,811,000,000 16,271,000,000 15,626,000,000 14,752 13,948,000,000 14,514,000,000 13,276,000,000 12,434,000,000 12,014,000,000 10,685,000,000 7,221,000,000 5,849,000,000              
        trademarks and trade names – net
      		               21,781,000,000 21,938 22,097,000,000 22,276,000,000 23,043,000,000 23,297  23,757,000,000 23,293,000,000 23,567,000,000 23,855,000,000 24,088,000,000 24,389,000,000 24,440,000,000              
        distribution networks – net
      		               11,486,000,000 11,942 12,408,000,000 12,875,000,000 13,334,000,000 13,793  14,704,000,000 14,886,000,000 15,345,000,000 15,806,000,000 16,262,000,000 16,962,000,000 17,403,000,000              
        deposits on wireless licenses
      		               9,129,000,000   23,663,000,000 23,406,000,000                       
        noncurrent portion of note payable to directv
      		                96 258,000,000                         
        accounts receivable – net of related allowance for credit loss of 771 and 1,221
      		                17,571                          
        accounts receivable – net of related allowances for credit loss of 806 and 1,221
      		                 16,304,000,000                         
        accounts receivable – net of related allowances for credit loss of 843 and 1,221
      		                  15,771,000,000                        
        accounts receivable – net of related allowances for credit loss of 954 and 1,221
      		                   16,971,000,000                       
        accounts receivable - net of related allowance for credit loss of 1,221 and 1,235
      		                    20,215                      
        prepaid expenses
      		                    1,822 1,420,000,000 1,439,000,000 1,600,000,000 1,631,000,000 1,493,000,000 1,441,000,000 1,860,000,000 1,966,000,000 1,335,000,000 1,258,000,000 1,371,000,000 1,418,000,000 1,333,000,000  1,610,000,000 1,900,000,000 1,743,000,000 2,058,000,000 1,038,000,000 1,144,000,000 810,000,000 
        other current assets
      		                    20,231 19,414,000,000 19,048,000,000 21,241,000,000 18,364,000,000 19,693,000,000 14,973,000,000 16,278,000,000 14,305,000,000 12,008,000,000 10,724,000,000 11,562,000,000 14,347,000,000 13,291,000,000  2,742,000,000 2,191,000,000 2,352,000,000 2,120,000,000 957,000,000 1,034,000,000 1,112,000,000 
        accrued taxes
      		                    1,019 1,336,000,000 2,548,000,000 2,169,000,000 1,212,000,000 2,741,000,000 2,062,000,000 1,460,000,000 1,889,000,000 1,534,000,000 2,703,000,000 3,331,000,000 3,384,000,000 2,686,000,000  4,186,000,000 6,282,000,000 5,932,000,000 3,715,000,000 3,122,000,000 2,955,000,000 895,000,000 
        accounts receivable — net of related allowances for credit loss of 1,386 and 1,235
      		                     19,379,000,000                     
        property, plant and equipment — net
      		                     128,722,000,000                     
        licenses — net
      		                     98,397,000,000                     
        trademarks and trade names — net
      		                     23,575,000,000                     
        distribution networks — net
      		                     14,249,000,000                     
        other intangible assets — net
      		                     17,523,000,000                     
        accounts receivable - net of related allowances for credit loss of 1,606 and 1,235
      		                      19,127,000,000                    
        series b (20,000 issued and outstanding at june 30, 2020
      		                                          
        and 0 issued and outstanding at december 31, 2019)
      		                                          
        series c (70,000 issued and outstanding at june 30, 2020
      		                                          
        common stock (1 par value, 14,000,000,000 authorized at june 30, 2020 and
      		                                          
        december 31, 2019: issued 7,620,748,598 at june 30, 2020 and december 31, 2019)
      		                      7,621,000,000                    
        at cost)
      		                      -17,945,000,000 -17,957,000,000 -13,085,000,000 -11,195,000,000                 
        accounts receivable - net of allowances for doubtful accounts of 1,651 and 1,235
      		                       19,908,000,000                   
        series b (20,000 issued and outstanding at march 31, 2020
      		                                          
        series c (70,000 issued and outstanding at march 31, 2020
      		                                          
        common stock (1 par value, 14,000,000,000 authorized at march 31, 2020 and
      		                                          
        december 31, 2019: issued 7,620,748,598 at march 31, 2020 and at december 31, 2019)
      		                       7,621,000,000                   
        accounts receivable - net of allowances for doubtful accounts of 1,235 and 907
      		                        22,636,000,000                  
        preferred stock (1 par value, 5% cumulative, 10,000,000 authorized, 48,000 shares issued
      		                                          
        and outstanding at december 31, 2019 and 0 issued and outstanding at december 31, 2018)
      		                                          
        common stock (1 par value, 14,000,000,000 authorized at december 31, 2019 and
      		                                          
        december 31, 2018: issued 7,620,748,598 at december 31, 2019 and at december 31, 2018)
      		                        7,621,000,000                  
        the accompanying notes are an integral part of the consolidated financial statements.
      		                                          
        accounts receivable - net of allowances for doubtful accounts of 1,121 and 907
      		                         22,921,000,000                 
        common stock (1 par value, 14,000,000,000 authorized at september 30, 2019 and
      		                                          
        december 31, 2018: issued 7,620,748,598 at september 30, 2019 and december 31, 2018)
      		                         7,621,000,000                 
        accounts receivable - net of allowances for doubtful accounts of 1,086 and 907
      		                          22,381,000,000                
        accounts receivable - net of allowances for doubtful accounts of 845 and 663
      		                           26,312,000,000               
        licenses
      		                           96,077,000,000 96,802,000,000 96,556,000,000 96,071,000,000 95,864,000,000 94,617,000,000 94,241,000,000  40,711,000,000 35,687,000,000 35,370,000,000 35,608,000,000    
        advanced billing and customer deposits
      		                           6,045,000,000 5,914,000,000  4,503,000,000 4,371,000,000 4,493,000,000 4,637,000,000  3,677,000,000 3,471,000,000 3,567,000,000 3,766,000,000    
        at december 31, 2017, at cost)
      		                           -12,486,000,000  -12,432,000,000             
        accounts receivable - net of allowances for doubtful accounts of 804 and 663
      		                            25,492,000,000              
        accounts receivable - net of allowances for doubtful accounts of 642 and 663
      		                             16,290,000,000             
        customer lists and relationships – net
      		                             9,878,000,000 11,573,000,000 12,414,000,000 13,366,000,000 15,227,000,000   15,361,000,000 16,683,000,000     
        liabilities and stockholders' equity
      		                                          
        stockholders' equity
      		                                          
        common stock (1 par value, 14,000,000,000 authorized at march 31, 2018 and
      		                                          
        december 31, 2017: issued 6,495,231,088 at march 31, 2018 and december 31, 2017)
      		                             6,495,000,000             
        total stockholders' equity
      		                             147,076,000,000 126,109,000,000 125,858,000,000 124,981,000,000 124,603,000,000         
        total liabilities and stockholders' equity
      		                             446,343,000,000 443,865,000,000 420,795,000,000 411,903,000,000 402,975,000,000         
        net income
      		                              3,123,000,000            
        other comprehensive income, net of tax:
      		                                          
        foreign currency:
      		                                          
        foreign currency translation adjustment (includes 10, 21, 6 and 21 attributable to noncontrolling interest), net of taxes of 74, (91), 580 and 35
      		                              151,000,000            
        available-for-sale securities:
      		                                          
        net unrealized gains, net of taxes of 28, 28, 72 and 15
      		                              45,000,000            
        reclassification adjustment included in net income, net of taxes of (50), , (54) and
      		                              -79,000,000            
        cash flow hedges:
      		                                          
        net unrealized gains, net of taxes of 178, 240, (94) and 99
      		                              330,000,000            
        reclassification adjustment included in net income, net of taxes of 5, 5, 15 and 15
      		                              10,000,000            
        defined benefit postretirement plans:
      		                                          
        net prior service credit arising during period, net of taxes of 0, 0, 594 and 0
      		                                          
        amortization of net prior service credit included in net income, net of taxes of
      		                              -256,000,000            
        other comprehensive income
      		                              201,000,000            
        total comprehensive income
      		                              3,324,000,000            
        less: total comprehensive income attributable to noncontrolling interest
      		                              -104,000,000            
        total comprehensive income attributable to at&t
      		                              3,220,000,000            
        at&t inc.
      		                                          
        consolidated balance sheets
      		                                          
        dollars in millions except per share amounts
      		                                          
        accounts receivable - net of allowances for doubtful accounts of 741 and 661
      		                              15,876,000,000            
        investments in equity affiliates
      		                              1,627,000,000 1,615,000,000 1,551,000,000 1,679,000,000  2,578,000,000 2,403,000,000 2,342,000,000 2,110,000,000 2,222,000,000 2,147,000,000 6,021,000,000 
        accounts receivable - net of allowances for doubtful accounts of 732 and 661
      		                               14,997,000,000           
        common stock (1 par value, 14,000,000,000 authorized at june 30, 2017 and
      		                                          
        december 31, 2016: issued 6,495,231,088 at june 30, 2017 and december 31, 2016)
      		                               6,495,000,000           
        at december 31, 2016, at cost)
      		                               -12,697,000,000 -12,400,000,000          
        accounts receivable - net of allowances for doubtful accounts of 699 and 661
      		                                15,078,000,000          
        common stock (1 par value, 14,000,000,000 authorized at march 31, 2017 and
      		                                          
        december 31, 2016: issued 6,495,231,088 at march 31, 2017 and december 31, 2016)
      		                                6,495,000,000          
        accounts receivable - net of allowances for doubtful accounts of 650 and 704
      		                                 16,855,000,000         
        common stock (1 par value, 14,000,000,000 authorized at september 30, 2016 and
      		                                          
        december 31, 2015: issued 6,495,231,088 at september 30, 2016 and december 31, 2015)
      		                                 6,495,000,000         
        at december 31, 2015, at cost)
      		                                 -12,589,000,000         
        2
      		                                          
        3
      		                                          
        1
      		                                          
        accounts receivable – net of allowances for
      		                                          
        uncollectibles of 1,361 and 1,364
      		                                   15,697,000,000       
        customer lists and relationships - net
      		                                   13,692,000,000   17,946,000,000    
        other intangible assets - net
      		                                   5,877,000,000   6,233,000,000    
        postemployment benefit
      		                                   17,645,000,000 14,779,000,000 14,519,000,000 14,251,000,000    
        common shares issued
      		                                   6,495,000,000 6,495,000,000 6,495,000,000 6,495,000,000 4,065,000,000 4,065,000,000 3,433,000,000 
        capital in excess of par value
      		                                   91,598,000,000 91,534,000,000 91,277,000,000 91,109,000,000 27,116,000,000 27,217,000,000 12,955,000,000 
        treasury shares
      		                                   -19,590,000,000 -14,411,000,000 -12,751,000,000 -9,384,000,000 -5,867,000,000 -5,002,000,000  
        uncollectibles of 1,362 and 1,276
      		                                    16,305,000,000      
        unamortized investment tax credits
      		                                    158,000,000 166,000,000 173,000,000 188,000,000 195,000,000 212,000,000 
        uncollectibles of 1,371 and 1,276
      		                                     15,368,000,000     
        uncollectibles of 1,239 and 1,276
      		                                      15,580,000,000    
        uncollectibles of 936 and 1,176
      		                                       8,668,000,000   
        intangible assets – net
      		                                       7,728,000,000 7,978,000,000  
        investments in and advances to cingular wireless
      		                                       33,029,000,000 32,656,000,000 11,142,000,000 
        additional minimum pension liability adjustment
      		                                       -218,000,000 -218,000,000  
        uncollectibles of 1,039 and 1,176
      		                                        8,484,000,000  
        accounts receivable - net of allowances for
      		                                          
        uncollectibles of 981 and 914
      		                                         5,793,000,000 
        short-term investments
      		                                         378,000,000 
        property, plant and equipment - at cost
      		                                         134,324,000,000 
        property, plant and equipment - net
      		                                         51,202,000,000 
        liabilities and shareowners' equity
      		                                          
        shareowners' equity
      		                                          
        total shareowners' equity
      		                                         39,409,000,000 
        total liabilities and shareowners' equity
      		                                         100,419,000,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-06-30 2020-03-31 2019-09-30 2018-09-30 2018-06-30 2018-03-31 2017-09-30 2017-06-30 2017-03-31 2008-05-07 2007-09-30 2007-06-30 2007-03-31 2006-09-30 2006-06-30 2004-03-31 
                                            
          operating activities
        		                                    
          net income
        		4,156,000,000 9,677,000,000 4,861,000,000 4,692,000,000  145,000,000 3,949,000,000 3,751,000,000        5,164,000,000 -16,088,978,521 6,273,000,000 1,874,000,000 7,942,000,000 1,563,000,000 4,963,000,000 3,949,000,000 4,816,000,000 5,248,000,000 4,759,000,000 3,123,000,000 4,014,000,000 3,574,000,000 3,461,000,000 3,063,000,000 2,904,000,000 2,848,000,000 2,165,000,000 1,305,000,000 1,948,000,000 
          adjustments to reconcile net income to net cash from operating activities:
        		                                    
          depreciation and amortization
        		5,128,000,000 5,317,000,000 5,251,000,000 5,190,000,000 5,374,000,000 5,087,000,000 5,072,000,000 5,047,000,000 4,766,000,000 4,705,000,000 4,675,000,000 4,631,000,000 4,595,000,000 4,514,000,000 3,373,000,000 5,539,000,000 -17,188,977,138 5,619,000,000 5,761,000,000 5,809,000,000 7,285,000,000 7,222,000,000 6,949,000,000 8,166,000,000 6,378,000,000 5,994,000,000 6,042,000,000 6,147,000,000 6,127,000,000 4,903,000,000 5,322,000,000 5,416,000,000 5,616,000,000 2,437,000,000 3,055,000,000 1,923,000,000 
          provision for uncollectible accounts
        		679,000,000 555,000,000 521,000,000 516,000,000 538,000,000 489,000,000 470,000,000 472,000,000 560,000,000 480,000,000 452,000,000 477,000,000 542,000,000 453,000,000 410,000,000 460,000,000              480,000,000 404,000,000 362,000,000 376,000,000 130,000,000 84,000,000 236,000,000 
          asset impairments and abandonments and restructuring
        		334,000,000 0 0 504,000,000 14,000,000 4,422,000,000 480,000,000 159,000,000 589,000,000    26,753,000,000 114,000,000                       
          pension and postretirement benefit expense
        		-397,000,000 -397,000,000 -397,000,000 -397,000,000 -471,000,000 -471,000,000 -470,000,000 -471,000,000 -586,000,000 -625,000,000 -671,000,000 -670,000,000 -708,000,000 -794,000,000 -798,000,000 -937,000,000 2,869,996,152 -971,000,000 -925,000,000 -974,000,000 -747,000,000 -748,000,000               
          actuarial and settlement loss on pension and postretirement benefits – net
        		                                    
          net loss on investments
        		-167,000,000 -5,691,000,000 -112,000,000 81,000,000                                 
          changes in operating assets and liabilities:
        		                                    
          receivables
        		-913,000,000 -366,000,000 -262,000,000 15,000,000 -451,000,000 444,000,000 -382,000,000 512,000,000 -1,091,000,000 -169,000,000 722,000,000 620,000,000 -294,000,000 -271,000,000 1,520,000,000 -228,000,000 -57,000,634 -1,358,000,000 664,000,000 751,000,000 827,000,000 1,695,000,000               
          equipment installment receivables and related sales
        		-482,000,000 -309,000,000 -97,000,000 1,212,000,000 -947,000,000 -579,000,000 -344,000,000 24,000,000 -77,000,000 246,000,000 -59,000,000 -243,000,000 -752,000,000 564,000,000 -199,000,000 541,000,000 -715,000,265 -96,000,000 -379,000,000 1,190,000,000 -309,000,000 535,000,000 -296,000,000 -270,000,000 -15,000,000 505,000,000 209,000,000 328,000,000 579,000,000        
          contract asset and cost deferral
        		-726,000,000 -183,000,000 -152,000,000 -147,000,000                                 
          inventories, prepaid and other current assets
        		1,492,000,000 -1,635,000,000 344,000,000 -661,000,000 -530,000,000                                
          accounts payable and other accrued liabilities
        		2,913,000,000 2,411,000,000 -1,143,000,000 -3,297,000,000 3,693,000,000 328,000,000 -1,334,000,000 -3,497,000,000 3,298,000,000 707,000,000 -2,360,000,000 -3,409,000,000 2,152,000,000 644,000,000 126,000,000 -4,031,000,000 2,254,001,636 2,044,000,000 -1,238,000,000 -3,060,000,000 37,000,000 -3,884,000,000 2,120,000,000 2,505,000,000 -1,928,000,000 -1,962,000,000 1,324,000,000 -983,000,000 -1,778,000,000        
          changes in income taxes
        		-383,000,000 946,000,000 378,000,000 1,285,000,000                                 
          postretirement claims and contributions
        		-843,000,000 -490,000,000 -35,000,000 -68,000,000 -37,000,000 -36,000,000 -39,000,000 -54,000,000 -20,000,000 -159,000,000 -467,000,000 -89,000,000 -380,000,000 -257,000,000 -89,000,000 -97,000,000 424,999,178 -218,000,000 136,000,000 -343,000,000 -117,000,000 -111,000,000               
          other – net
        		                                    
          total adjustments
        		7,164,000,000 475,000,000 4,902,000,000 4,357,000,000 7,488,000,000 10,090,000,000 5,144,000,000 3,796,000,000 8,796,000,000 6,510,000,000 5,160,000,000 2,225,000,000 33,468,000,000 3,748,000,000 4,902,000,000 568,000,000 -14,613,979,522 3,593,000,000 9,036,000,000 1,985,000,000 10,496,000,000 3,903,000,000 7,440,000,000 7,530,000,000 4,981,000,000 4,188,000,000 7,991,000,000 4,928,000,000 5,644,000,000 1,496,000,000 6,156,000,000 7,484,000,000 1,765,000,000 1,275,000,000 3,804,000,000 96,000,000 
          net cash from operating activities
        		11,320,000,000 10,152,000,000 9,763,000,000 9,049,000,000  10,235,000,000 9,093,000,000 7,547,000,000        5,732,000,000 -30,702,958,043 9,866,000,000 10,910,000,000 9,927,000,000 12,059,000,000 8,866,000,000 11,389,000,000 12,346,000,000 10,229,000,000 8,947,000,000 11,114,000,000 8,942,000,000 9,218,000,000 4,957,000,000 9,219,000,000 10,388,000,000 4,613,000,000 3,440,000,000 5,109,000,000 2,044,000,000 
          investing activities
        		                                    
          capital expenditures
        		-6,781,000,000 -4,887,000,000 -4,897,000,000 -4,277,000,000  -5,302,000,000 -4,360,000,000 -3,758,000,000        -4,748,000,000 12,695,983,473 -4,704,000,000 0 0 -4,434,000,000 -4,938,000,000 -5,141,000,000 -5,736,000,000 -5,002,000,000 -5,957,000,000 -5,006,000,000 -4,966,000,000 -5,784,000,000 -4,178,000,000 0 0 0 0 0 0 
          free cash flows
        		4,539,000,000 5,265,000,000 4,866,000,000 4,772,000,000  4,933,000,000 4,733,000,000 3,789,000,000        984,000,000 -18,006,974,570 5,162,000,000 10,910,000,000 9,927,000,000 7,625,000,000 3,928,000,000 6,248,000,000 6,610,000,000 5,227,000,000 2,990,000,000 6,108,000,000 3,976,000,000 3,434,000,000 779,000,000 9,219,000,000 10,388,000,000 4,613,000,000 3,440,000,000 5,109,000,000 2,044,000,000 
          acquisitions, net of cash acquired
        		-332,000,000 1,000,000 -28,000,000 -20,000,000 -58,000,000 -52,000,000 -59,000,000 -211,000,000 -2,019,000,000 -408,000,000 -224,000,000 -291,000,000 -241,000,000 -389,000,000 -326,000,000 -9,244,000,000 23,532,974,547 -364,000,000 -285,000,000 -22,884,000,000 -1,074,000,000 -100,000,000 -804,000,000 -2,401,000,000 -40,481,000,000 -234,000,000 -70,000,000 1,386,000,000 -162,000,000 -3,662,000,000 -12,000,000 -23,000,000 -198,000,000    
          dispositions
        		2,779,000,000 399,000,000 29,000,000 11,000,000 9,000,000 52,000,000 6,000,000 8,000,000 6,000,000 50,000,000 1,000,000 15,000,000 150,000,000 27,000,000 11,000,000 11,000,000 -9,085,991,260 8,451,000,000 584,000,000 51,000,000 229,000,000 118,000,000 182,000,000 924,000,000 3,000,000 56,000,000 5,000,000 45,000,000 6,000,000 47,000,000 473,000,000 311,000,000 209,000,000 17,000,000 -2,124,000,000 2,179,000,000 
          distributions from directv in excess of cumulative equity in earnings
        		    0 342,000,000 392,000,000 194,000,000 602,000,000 473,000,000 200,000,000 774,000,000 444,000,000 567,000,000 323,000,000 1,315,000,000                     
          (purchases), sales and settlements of securities – net
        		                                    
          net cash from investing activities
        		-4,344,000,000 -3,389,000,000 -6,086,000,000 -4,958,000,000  -5,150,000,000 -4,016,000,000 -2,961,000,000        -12,651,000,000 27,332,967,911 3,298,000,000 -3,779,000,000 -26,852,000,000 -5,256,000,000 -5,022,000,000 -5,703,000,000 -7,352,000,000 -45,483,000,000 -7,152,000,000 -5,318,000,000 -3,777,000,000 -6,171,000,000 -7,699,000,000 -4,117,000,000 -3,833,000,000 -2,802,000,000 -2,014,000,000 -6,156,000,000 1,344,000,000 
          financing activities
        		                                    
          net change in short-term borrowings with original maturities of three months or less
        		      753,000,000 1,933,000,000 0 0 -378,000,000 -536,000,000 -603,000,000 -88,000,000 -2,113,000,000 2,285,000,000  554,000,000 -611,000,000 687,000,000 -1,244,000,000 1,742,000,000 -141,000,000 -3,298,000,000    -1,000,000 -1,000,000        
          issuance of other short-term borrowings
        		    0 0 0 491,000,000 0 0 1,779,000,000 3,627,000,000 0 1,362,000,000 0 2,593,000,000 -17,475,978,144 1,036,000,000 955,000,000 15,485,000,000 7,050,000,000 1,390,000,000 945,000,000 13,000,000             
          repayment of other short-term borrowings
        		    0 0 -491,000,000 -1,996,000,000 -2,436,000,000 -112,000,000   -1,484,000,000 -1,248,000,000 -12,206,000,000 -3,407,000,000 2,447,992,490 -1,591,000,000     -1,554,000,000              
          issuance of long-term debt
        		0 7,598,000,000 3,473,000,000 2,956,000,000 15,000,000 2,000,000   371,000,000 0 6,267,000,000 3,366,000,000 2,500,000,000 0 -29,817,000,000 30,296,000,000 -9,930,990,069 834,000,000 0 9,097,000,000 16,703,000,000 4,357,000,000 5,004,000,000 11,847,000,000 23,913,000,000 2,565,000,000 22,646,000,000 11,675,000,000 12,440,000,000 3,972,000,000 1,974,000,000 0 5,924,000,000 0   
          repayment of long-term debt
        		-3,679,000,000 -229,000,000 -94,000,000 -1,526,000,000 -3,184,000,000 -203,000,000 -2,225,000,000 -4,685,000,000 -155,000,000 -4,280,000,000 -1,664,000,000 -5,945,000,000 -706,000,000 -199,000,000 -23,411,000,000 -802,000,000 1,652,996,858 -498,000,000 -253,000,000 -902,000,000 -12,862,000,000 -4,422,000,000 -8,244,000,000 -14,132,000,000 -24,536,000,000 -4,911,000,000 -4,191,000,000 -3,065,000,000 -3,053,000,000 -613,000,000 -943,000,000 -1,838,000,000 -227,000,000 -342,000,000   
          note payable to directv, net of payments
        		            -141,000,000                        
          payment of vendor financing
        		-358,000,000 -400,000,000 -220,000,000 -203,000,000 -221,000,000 -180,000,000 -550,000,000 -841,000,000 -1,006,000,000 -980,000,000 -1,643,000,000 -2,113,000,000 -460,000,000 -900,000,000 -1,771,000,000 -1,566,000,000 4,012,995,404 -1,019,000,000 -1,304,000,000 -1,690,000,000 -563,000,000 -791,000,000               
          redemption of preferred stock
        		0 0 0 -2,075,000,000                                 
          purchase of treasury stock
        		-1,831,000,000 -1,490,000,000 -961,000,000 -218,000,000 -13,000,000 -43,000,000 -2,000,000 -157,000,000 -4,000,000 -1,000,000 -1,000,000 -188,000,000 -15,000,000 -3,000,000 -675,000,000 -197,000,000 190,999,798 -6,000,000 -9,000,000 -176,000,000 -17,000,000 -5,463,000,000 -169,000,000 -13,000,000 -419,000,000 -145,000,000 -2,000,000 -281,000,000 -177,000,000        
          issuance of treasury stock
        		2,000,000 2,000,000 0 17,000,000 13,000,000    0 0 0 3,000,000 0 0 2,000,000 26,000,000 -88,999,904 4,000,000 22,000,000 63,000,000 26,000,000 58,000,000 121,000,000 347,000,000 1,000,000 11,000,000 2,000,000 3,000,000 21,000,000        
          issuance of preferred interests in subsidiary
        		0 0 0 2,221,000,000     0 0                           
          redemption of preferred interests in subsidiary
        		        0 0                           
          dividends paid
        		-2,012,000,000 -2,033,000,000 -2,044,000,000 -2,091,000,000 -2,037,000,000 -2,038,000,000 -2,099,000,000 -2,034,000,000 -2,020,000,000 -2,019,000,000 -2,083,000,000 -2,014,000,000 -2,014,000,000 -2,010,000,000 -2,086,000,000 -3,749,000,000 11,318,984,932 -3,748,000,000 -3,830,000,000 -3,741,000,000 -3,737,000,000 -3,737,000,000 -3,726,000,000 -3,631,000,000 -3,074,000,000 -3,070,000,000 -3,009,000,000 -3,012,000,000 -3,009,000,000 -2,422,000,000 -2,170,000,000 -2,196,000,000 -2,218,000,000 -1,292,000,000   
          net cash from financing activities
        		-8,777,000,000 2,989,000,000 -45,000,000 -553,000,000  -5,562,000,000 -5,478,000,000 -7,815,000,000        24,251,000,000 -8,164,998,422 -3,735,000,000 -6,583,000,000 18,483,000,000 188,000,000 -6,099,000,000 -7,558,000,000 -9,959,000,000 -218,000,000 -3,502,000,000 17,086,000,000 5,568,000,000 6,049,000,000 2,735,000,000 -4,958,000,000 -6,349,000,000 -1,865,000,000 -1,272,000,000   
          net increase in cash and cash equivalents and restricted cash
        		-1,801,000,000 9,752,000,000 3,632,000,000 3,538,000,000 680,000,000 -477,000,000 -401,000,000 -3,229,000,000 -826,000,000 -1,963,000,000 6,680,000,000 -851,000,000 1,299,000,000 -1,623,000,000 -34,531,000,000 17,332,000,000 -11,534,988,554 9,429,000,000 548,000,000 1,558,000,000 6,991,000,000 -2,255,000,000 -1,872,000,000 -4,965,000,000 -35,472,000,000 -1,707,000,000           
          cash and cash equivalents and restricted cash beginning of year
        		0 0 0 3,406,000,000 0 0 0 6,833,000,000 0 0 0 3,793,000,000 0 0 0 21,316,000,000 -9,869,990,130 0 0 9,870,000,000 0 12,295,000,000 0 0 0 50,932,000,000           
          cash and cash equivalents and restricted cash end of year
        		                                    
          other - net
        		 317,000,000 606,000,000 124,000,000  701,000,000 272,000,000 192,000,000  6,000,000 904,000,000 130,000,000  579,000,000 -349,000,000 -166,000,000  622,000,000 53,000,000 -159,000,000 691,000,000 -345,000,000 230,000,000   -288,000,000 -379,000,000 -544,000,000 -497,000,000 467,000,000 598,000,000 -242,000,000 71,000,000 219,000,000   
          (purchases), sales and settlements of securities - net
        		                                    
          cash and cash equivalents and restricted cash end of period
        		 9,752,000,000 3,632,000,000 6,944,000,000  -477,000,000 -401,000,000 3,604,000,000  -1,963,000,000 6,680,000,000 2,942,000,000  -1,623,000,000 -34,531,000,000 38,648,000,000  9,429,000,000 548,000,000 11,428,000,000 6,991,000,000 10,040,000,000 -1,872,000,000 -4,965,000,000 -35,472,000,000 49,225,000,000           
          see notes to consolidated financial statements.
        		                                    
          (purchases), sales and settlements of securities and investments - net
        		  -1,129,000,000 45,000,000  6,000,000 68,000,000 1,079,000,000 141,000,000 13,000,000                           
          income from continuing operations
        		        2,582,000,000 3,826,000,000 4,762,000,000 4,453,000,000 -23,120,000,000 6,346,000,000                       
          adjustments to reconcile income from continuing operations to net cash from operating activities from continuing operations:
        		                                    
          deferred income tax expense
        		    -241,000,000 608,000,000 724,000,000 479,000,000 -126,000,000 1,327,000,000 1,307,000,000 529,000,000 28,000,000 623,000,000 1,392,000,000 932,000,000 -3,186,994,754 1,415,000,000 -76,000,000 1,848,000,000 394,000,000 259,000,000 -41,000,000 902,000,000 810,000,000 1,222,000,000 2,290,000,000 484,000,000 480,000,000 569,000,000   65,000,000 -334,000,000 -401,000,000 466,000,000 
          net loss on investments, net of impairments
        		    -8,000,000 -97,000,000 -16,000,000 201,000,000 106,000,000 495,000,000 -67,000,000 -93,000,000 -31,000,000 79,000,000 240,000,000 93,000,000                     
          deferred customer contract acquisition and fulfillment costs
        		    7,000,000 196,000,000 191,000,000 103,000,000 -46,000,000 13,000,000 56,000,000 -22,000,000 -191,000,000 -250,000,000 -247,000,000 -259,000,000 -315,999,948 -94,000,000 166,000,000 244,000,000 217,000,000 105,000,000 -182,000,000 -932,000,000 -899,000,000 -826,000,000           
          net cash from operating activities from continuing operations
        		        11,378,000,000 10,336,000,000 9,922,000,000 6,678,000,000 10,348,000,000 10,094,000,000                       
          (purchases), sales and settlements of securities and investments – net
        		                                    
          net cash from investing activities from continuing operations
        		        -5,874,000,000 -4,545,000,000 -5,423,000,000 -3,818,000,000 -3,888,000,000 -5,700,000,000                       
          net cash from financing activities from continuing operations
        		        -6,330,000,000 -7,754,000,000 2,181,000,000 -3,711,000,000 -5,161,000,000 -4,939,000,000                       
          net increase in cash and cash equivalents and restricted cash from continuing operations
        		        -826,000,000 -1,963,000,000   1,299,000,000 -545,000,000                       
          cash flows from discontinued operations:
        		                                    
          cash from operating activities
        		            -35,000,000 -23,000,000                       
          cash from investing activities
        		            65,000,000 157,000,000                       
          cash from financing activities
        		            -30,000,000 -1,212,000,000                       
          net increase in cash and cash equivalents and restricted cash from discontinued operations
        		            0 -1,078,000,000                       
          actuarial and settlement loss on pension and postretirement benefits - net
        		        1,739,000,000 -71,000,000                           
          repayment of note payable to directv
        		         0 0 -130,000,000   -428,000,000 -294,000,000                     
          other current assets
        		      520,000,000 629,000,000 -699,000,000 -1,049,000,000 742,000,000 364,000,000 125,000,000 -810,000,000            614,000,000 -577,000,000 243,000,000 228,000,000 159,000,000 4,000,000 83,000,000 -748,000,000 126,000,000   
          actuarial loss on pension and postretirement benefits
        		            1,839,000,000 -1,440,000,000 -1,345,000,000 -1,053,000,000                     
          net decrease in cash and cash equivalents and restricted cash from continuing operations
        		           -851,000,000                         
          issuance of preferred stock
        		                    0 3,869,000,000               
          issuance of preferred interests in subsidiaries
        		                                    
          redemption of preferred interest in subsidiary
        		                                    
          amortization of film and television costs
        		               3,009,000,000 -8,420,988,994 2,165,000,000 3,370,000,000 2,886,000,000                 
          distributed (undistributed) earnings from investments in equity affiliates
        		               26,000,000 -101,999,816                    
          other current assets, inventories and theatrical film and television production costs
        		               -3,261,000,000  -4,943,000,000 -3,467,000,000 -3,518,000,000 -2,325,000,000 -3,267,000,000 -3,915,000,000 -3,768,000,000             
          adjustments to reconcile net income to net cash fromoperating activities:
        		                                    
          asset impairments and abandonments
        		                -4,715,995,096 161,000,000                   
          other current assets, inventories and theatrical film and televisionproduction costs
        		                                    
          net change in short-term borrowings with original maturities ofthree months or less
        		                                    
          note payable to directv, net of payments of 459
        		                                    
          benefit from uncollectible accounts
        		                 262,000,000 275,000,000 321,000,000 419,000,000 780,000,000  432,000,000 370,000,000 438,000,000 421,000,000 402,000,000 393,000,000        
          net (gain) loss on investments, net of impairments
        		                 -728,000,000 -118,000,000 -119,000,000                 
          actuarial (gain) loss on pension and postretirement benefits
        		                 -374,000,000 197,000,000 -2,844,000,000    0 -1,796,000,000 -930,000,000           
          note payable to directv, net of payments of 361
        		                                    
          undistributed earnings from investments in equity affiliates
        		                  62,000,000 -47,000,000 25,000,000 39,000,000 5,000,000 77,000,000 237,000,000 -2,000,000    -225,000,000 -90,000,000 -188,000,000 -156,000,000 -607,000,000   
          capital expenditures, including (61) and (28) of interest during construction
        		                   -4,033,000,000                 
          (purchases), sales and settlements of securities and investments
        		                   -4,000,000   127,000,000              
          advances to and investments in equity affiliates
        		                   18,000,000 2,000,000 -68,000,000 -19,000,000 14,000,000 -28,000,000 -1,007,000,000           
          capital expenditures, including (123), (200) and (493) ofinterest during construction
        		                                    
          (purchases), sales and settlement of securities and investments
        		                     -6,000,000               
          cash collections of deferred purchase price
        		                       0 233,000,000 267,000,000           
          amortization of television and film costs
        		                    1,716,000,000 2,269,000,000 1,860,000,000 1,440,000,000             
          capital expenditures:
        		                                    
          purchase of property and equipment
        		                    -4,434,000,000 -4,938,000,000 -5,141,000,000 -5,736,000,000 -5,002,000,000 -5,957,000,000 -5,006,000,000 -4,966,000,000 -5,784,000,000        
          interest during construction
        		                    -32,000,000 -28,000,000 -48,000,000 -137,000,000 -106,000,000 -161,000,000 -245,000,000 -242,000,000 -231,000,000 -70,000,000       
          other
        		                    807,000,000 -3,102,000,000 1,319,000,000 -17,000,000 -3,169,000,000 2,048,000,000 1,638,000,000 249,000,000 -172,000,000 33,000,000 11,000,000 10,000,000 7,000,000 1,000,000   
          net (gain) loss on assets, net of impairments
        		                     -646,000,000               
          net loss from investments, net of impairments
        		                                    
          net (gain) income from investments, net of impairments
        		                       -472,000,000 -31,000,000 2,000,000           
          accounts receivable
        		                       -1,251,000,000 672,000,000 -439,000,000 -771,000,000 -326,000,000 445,000,000 -150,000,000 -1,340,000,000 -150,000,000 237,000,000 -296,000,000 396,000,000 149,000,000 
          employee retirement benefits
        		                                    
          retirement benefit funding
        		                       -140,000,000 -140,000,000 -140,000,000 -140,000,000 -140,000,000 -140,000,000        
          (purchases) sales of securities
        		                       -16,000,000             
          sales (purchases) of securities
        		                         -116,000,000           
          undistributed loss (earnings) from investments in equity affiliates
        		                          4,000,000 -15,000,000 182,000,000        
          net gain from sale of investments, net of impairments
        		                          -126,000,000 -49,000,000 61,000,000        
          actuarial gain on pension and postretirement benefits
        		                          0          
          deferred fulfillment costs
        		                          -306,000,000 -360,000,000 -436,000,000        
          net increase in cash and cash equivalents
        		                          22,882,000,000 10,733,000,000 9,096,000,000  144,000,000 206,000,000 -54,000,000 154,000,000 -2,402,000,000 2,275,000,000 
          cash and cash equivalents beginning of year
        		                          0 0 5,788,000,000 1,970,000,000 0 0 2,418,000,000 0 -3,582,000,000 4,806,000,000 
          cash and cash equivalents end of period
        		                          22,882,000,000 10,733,000,000 14,884,000,000 1,963,000,000 144,000,000 206,000,000 2,364,000,000 154,000,000 -5,984,000,000 7,081,000,000 
          cash paid during the nine months ended september 30 for:
        		                                    
          interest
        		                          1,936,000,000 1,452,000,000 1,643,000,000 1,130,000,000 947,000,000 860,000,000 711,000,000 488,000,000 716,000,000 299,000,000 
          income taxes, net of refunds
        		                          391,000,000 1,630,000,000 -160,000,000 2,763,000,000 544,000,000 307,000,000 1,177,000,000 1,270,000,000   
          sale of securities
        		                                    
          cash paid during the six months ended june 30 for:
        		                                    
          cash paid (received) during the three months ended march 31 for:
        		                                    
          accounts payable and accrued liabilities
        		                              241,000,000 2,945,000,000 -3,232,000,000 -388,000,000   
          2
        		                                    
          3
        		                                    
          1
        		                                    
          adjustments to reconcile net income to net cash
        		                                    
          provided by operating activities:
        		                                    
          net gain on sales of investments
        		                             -46,000,000 35,000,000   0   
          gain on license exchange
        		                              0 0 -409,000,000    
          accounts payable, accrued and other liabilities
        		                             -4,654,000,000       
          stock-based compensation tax benefit
        		                             -7,000,000 -42,000,000 -60,000,000 -47,000,000 -15,000,000   
          construction and capital expenditures
        		                              -4,664,000,000 -4,122,000,000 -3,338,000,000 -2,116,000,000   
          proceeds from sale of securities, net of investments
        		                             131,000,000       
          net change in short-term borrowings with original
        		                                    
          maturities of three months or less
        		                             5,786,000,000 -2,286,000,000 996,000,000 -2,989,000,000 1,316,000,000   
          purchase of treasury shares
        		                             -4,071,000,000 -2,008,000,000 -3,899,000,000 -3,005,000,000 -1,211,000,000   
          issuance of treasury shares
        		                             103,000,000 484,000,000 565,000,000 687,000,000 227,000,000 173,000,000 63,000,000 
          net decrease in cash and cash equivalents
        		                             -7,000,000       
          cash paid during the three months ended march 31 for:
        		                                    
          amortization of investment tax credits
        		                              -8,000,000   -7,000,000   
          deferred income tax (benefit) expense
        		                              1,032,000,000      
          net investments in affiliates
        		                                    
          proceeds from sale of marketable securities
        		                              0 0 471,000,000    
          proceeds from sale of debt and equity securities
        		                              187,000,000 165,000,000 62,000,000    
          investments in debt and equity securities
        		                              -112,000,000 -174,000,000 -15,000,000    
          receipts from (investments in) affiliates – net
        		                                 84,000,000   
          acquisitions
        		                                 0   
          maturities of held-to-maturity securities
        		                                 0 -127,000,000 130,000,000 
          proceeds from note repayment
        		                                   50,000,000 
          net increase in cash and cash equivalents from continuing operations
        		                                 154,000,000   
          net cash from operating activities from discontinued operations
        		                                    
          gain on sales of investments
        		                                    
          cumulative effect of accounting changes, net of tax
        		                                    
          purchases of held-to-maturity securities
        		                                    
          income taxes, net of refund
        		                                   52,000,000