AT&T Mobility 8-K Highlights of Third-Quarter Results for Cingular Wireless

Exhibit 99.1

  1

Highlights of Third-Quarter Results for Cingular Wireless

n	Normalized OIBDA margin of 31.6 percent for the quarter, a 270-basis-point sequential improvement
n	Gross subscriber additions of 4.4 million and net subscriber additions of 867 thousand; 52.3 million cellular/PCS subscribers at quarter’s end
n	Data ARPU grows to $4.33, a sequential improvement of 4.1 percent
n	Continued strength in enterprise services, with more than 700 new high-end service contracts in the quarter
n	UMTS/HSDPA roll-out on track
n	Merger initiatives on or ahead of schedule
n	Continued progress in transitioning subscribers to GSM, with 93 percent of minutes now on Cingular’s GSM network

FOR RELEASE WEDNESDAY, OCTOBER 19, 2005

ATLANTA — Cingular Wireless, which is a joint venture between SBC Communications Inc. (NYSE:SBC) and BellSouth Corporation (NYSE:BLS), today reported solid third-quarter results driven by expanded margins, progress on merger initiatives, growth of data ARPU, and continued strength in enterprise services.

     For the quarter, the nation’s largest wireless provider had OIBDA margins, normalized to exclude merger-related integration costs and costs associated with Hurricanes Katrina and Rita, of 31.6 percent, which represents a sequential improvement of 270 basis points. (OIBDA margin is operating income (loss) before depreciation and amortization, divided by total service revenues.) For the first time since its acquisition of AT&T Wireless, Cingular’s OIBDA margins were higher than in the comparable quarter in the prior year.

     This strong showing in margins was in part the result of the company’s continued progress in its merger integration initiatives, which are on or ahead of schedule. For example, by the end of the year Cingular will have integrated its own and former AT&T Wireless GSM networks in 30 markets, created a single TDMA network in all its markets, and turned off the CDPD network.

     Cingular’s data ARPU improved 4.1 percent sequentially to $4.33, and the company’s Business Markets Group signed up more than 700 new high-end service contracts in the quarter.

     Gross subscriber additions continued to be strong at 4.4 million. Net additions were 867 thousand, which was 7.3 percent higher than pro forma net additions in the year-ago third quarter. Postpaid net additions were up by 56 percent compared to the year-ago third quarter. (Pro forma results reflect the acquisition of AT&T Wireless, plus related acquisitions and dispositions, as if they had occurred on January 1, 2003.) Cingular ended the third quarter of 2005 with 52.3 million cellular/PCS subscribers.

2

     Monthly subscriber churn was 2.3 percent, which was a sequential increase of 10 basis points, and post-paid churn was 2.0 percent, which was a sequential increase of 20 basis points. Churn results reflect seasonal patterns and a relatively high number of contract expirations in the quarter, the company noted.

     “Next Wednesday, October 26, marks the first anniversary of Cingular’s life as the largest wireless company in the United States, and our third-quarter results show once again that we are making solid progress delivering on the promise of the merger,” said Stan Sigman, Cingular’s president and chief executive officer.

     “I am pleased with our continued improvement in margins, with the performance of our enterprise business, and with our steady stream of new and innovative offers for consumers. Though we of course have not yet realized all the benefits of the merger, we are already ahead of where we planned to be on the journey. In just a year we have added nearly 5 million customers, significantly boosted our margins, improved churn, and delivered positive financial performance.

     “Several members of Cingular’s senior team took a very different journey last month to Louisiana, Alabama, Mississippi, and Texas to view first-hand the effects of Hurricanes Katrina and Rita. We saw destruction and devastation that go far beyond what anyone ever wants to see. We also watched with awe and gratitude the work of the people of Cingular to restore our service and facilities and to help their colleagues and communities in need. These are the men and women who every day are transforming the country’s biggest wireless company into the best,” Sigman said.

Strong gross additions and continued retention of former AT&T Wireless customers

     Cingular’s “more bars in more places” (SM) and ALLOVER (SM) network messages continue to resonate with our customers as well as with the customers of our competitors, driving Cingular’s strong showing in gross subscriber additions. In addition, the company continued to transition its customer base to GSM and move former AT&T Wireless customers to Cingular plans

     During the third quarter, 82 percent of Cingular’s subscriber base was GSM-equipped, up from 78 percent in the second quarter of 2005. More than 6 percent of Cingular’s customer base upgraded handsets during the quarter — almost entirely onto GSM.

     Cingular has now converted nearly 6 million former AT&T Wireless subscribers to new Cingular plans as customers continued to respond positively to Cingular’s broad network coverage and innovative products and services.

     Cingular operates the nation’s largest digital voice and data network, and 93 percent of the company’s total minutes are now carried on its GSM network. GSM is the world’s most widely used wireless technology. Through roaming alliances with other GSM-based providers around the world, Cingular provides the largest global presence of any U.S. wireless carrier, with coverage in nearly 180 countries.

3

Financial Results

n	In the third quarter, Cingular’s revenues were $8.7 billion, which is an improvement of 6.2 percent over pro forma revenue of $8.2 billion during the year-ago third quarter and up 1.6 percent versus the second quarter of this year. (Revenues were reduced in the quarter by $31 million in credits given to Cingular customers in areas affected by Hurricanes Katrina and Rita.)
n	Average revenue per user (ARPU) in the quarter was $49.65, which was down 5.2 percent from pro forma ARPU in the year-ago third quarter. ARPU continued to be adversely affected primarily by the transition of customers to lower-priced GSM plans, the ongoing popularity of FamilyTalk® plans, and the impact of Rollover (SM) plans, though these impacts were partially offset by a continued increase in data ARPU. (Adjusted for hurricane-related customer credits, ARPU would have been 20 cents higher at $49.85 and the year-over-year decline would have been 4.8 percent.)
n	ARPU from data services continued its strong growth in the third quarter, increasing 4.1 percent to $4.33 compared to $4.16 in the second quarter of this year. This growth was spurred by the ever-increasing popularity of text messaging, mobile instant messaging, mobile e-mail, downloadable ringtones, games, photo messaging and media bundles. In the third quarter, Cingular had 22 million active data customers, and delivered 5.2 billion text messages and 60 million multi-media messages.
n	Cingular’s reported third-quarter operating expenses were $8.1 billion. These included merger-related integration costs of $241 million and expenses of $96 million in connection with Hurricanes Katrina and Rita. Merger- and hurricane-related expenses reduced Cingular’s OIBDA by $245 million. In addition, operating expenses included $396 million in non-cash amortization of intangibles that were acquired as part of the merger with AT&T Wireless.
n	Reported OIBDA margin was 28.5 percent for the third quarter. Normalized to exclude merger-related integration costs and hurricane-related expenses, OIBDA margin was 31.6 percent — a sequential improvement of 270 basis points.
n	Reported operating income was $657 million, a sequential increase of 30 percent. Normalized to exclude merger-related integration costs and hurricane-related expenses, operating income for the third quarter was $994 million, a sequential increase of 40 percent.
n	Reported net income was $222 million compared to $147 million in the second quarter. Normalized to exclude merger-related integration costs and hurricane-related expenses, net income increased to $504 million compared to $317 million in the second quarter.

4

Third-quarter highlights and initiatives

n	Cingular’s Business Markets Group continued to introduce innovative new products, services, and alliances. These included, among many others, the EDGE-powered Nokia 9300, which comes with popular BlackBerryâ wireless services, and an alliance with Dell to bring Cingular’s 3G wireless broadband technology to Dell’s notebook computers.
n	In addition, the Business Markets Group also signed more than 700 new high-end service contracts during the quarter, including such business and government accounts as Xcel Energy, California Teachers Association, United States Marine Corps — Camp Lejeune, Conmed Corp., U.S. Navy Air Command, Hillsborough County, Fla., Sheriff’s Department, The Sports Authority, Flying J, Inc., and Sealy.
n	With Appleâ and Motorola, Cingular launched the first wireless phone with iTunesâ, enabling music lovers to transfer their favorite songs to their mobile phone.
n	The company announced a 10-year distribution agreement with RadioShack Corp. that will give Cingular more than 5,000 new sales outlets across the United States.
n	Cingular is still on track to launch UMTS/HSDPA in 15-20 markets by the end of 2005. UMTS with HSDPA provides superior speeds for data and video services, and it delivers outstanding operating efficiencies, using the same spectrum and infrastructure for voice and data. The cities of Dallas, Phoenix, and Seattle have already been upgraded to HSDPA.

Conference Call with Investment Community

     Cingular will hold a conference call with the investment community beginning at 10:00 a.m. (ET) today. During the call, we will discuss our operational and financial results for the quarter.

     The conference call will be webcast and archived on our website atwww.cingular.com/investor for 30 days, as well as on the websites of SBC Communications Inc. and BellSouth Corporation. Our third-quarter news release and downloadable financial statements are also available on that website.

     Dial-in information for the conference call is as follows:

Domestic:	866-406-3487
International:	630-691-2771
Replay:	877-213-9653
(Domestic)
Replay:	630-652-3041
(International)
Passcode:	12765500
Replays will be available for five days.

* * *

5

About Cingular Wireless

     Cingular Wireless is the largest wireless carrier in the United States, serving 52.3 million customers. Cingular, a joint venture between SBC Communications Inc. (NYSE:SBC) and BellSouth Corporation (NYSE:BLS), has the largest digital voice and data network in the nation — the ALLOVER (SM) network — and the largest mobile-to-mobile community of any national wireless carrier. Cingular is the only U.S. wireless carrier to offer Rollover (SM), the wireless plan that lets customers keep their unused monthly minutes. Details of the company are available athttp://www.cingular.com. Get Cingular Wireless press releases e-mailed to you automatically. Sign up athttp://www.cingular.com/newsroom.

FORWARD-LOOKING INFORMATION

     In addition to historical information, this document and the conference call referred to above may contain forward-looking statements regarding events and financial trends. Factors that could affect future results and could cause actual results to differ materially from those expressed or implied in the forward-looking statements include:

— the pervasive and intensifying competition in all markets where Cingular operates;

— failure to quickly realize capital and expense synergies from the acquisition of AT&T Wireless as a result of technical, logistical, regulatory and other factors;

— delays or inability of vendors to deliver hardware, software, handsets or network equipment;

— problems associated with the transition of Cingular’s network to higher-speed technologies;

— slow growth of Cingular’s data services due to lack of popular applications, terminal equipment, advanced technology and other factors;

— sluggish economic and employment conditions in the markets Cingular serves;

— the final outcome of FCC proceedings, including rulemakings, and judicial review, if any, of such proceedings;

— enactment of additional state and federal laws, regulations and requirements pertaining to Cingular’s operations; and

— the outcome of pending or threatened complaints and litigation.

     Such forward-looking information is given as of this date only, and Cingular assumes no duty to update this information.

Cingular Wireless LLC Income Statement —amounts in millions (unaudited)

	Quarter Ended								Year to Date
	9/30/2005		9/30/2004			% Change			9/30/2005		9/30/2004			% Change
	(Restated)								(Restated)
Operating revenues:
Service revenues	$	7,721	$	3,873			99.4	%	$	22,859	$	11,289			102.5	%
Equipment sales		1,025		419			144.6	%		2,725		1,157			135.5	%
Total operating revenues		8,746		4,292			103.8	%		25,584		12,446			105.6	%
Operating expenses:
Cost of services		2,464		1,107			122.6	%		6,901		3,045			126.6	%
Cost of equipment sales		1,203		585			105.6	%		3,728		1,627			129.1	%
Selling, general and administrative		2,881		1,567			83.9	%		8,835		4,402			100.7	%
Depreciation and amortization		1,541		573			168.9	%		4,845		1,691			186.5	%
Total operating expenses		8,089		3,832			111.1	%		24,309		10,765			125.8	%
Operating income (loss)		657		460			42.8	%		1,275		1,681			(24.2	%)
Interest expense		304		200			52.0	%		968		597			62.1	%
Minority interest expense		38		20			90.0	%		95		88			8.0	%
Equity in net income (loss) of affiliates		1		(98	)	NM				4		(301	)	NM
Other income (expense), net		10		—		NM				63		5		NM
Income (loss) before income tax and cum. effect of acctng. chg.		326		142			129.6	%		279		700			(60.1	%)
Provision (benefit) for income taxes		104		—		NM				150		4		NM
Income (loss) before cumulative effect of accounting change		222		142			56.3	%		129		696			(81.5	%)

Selected Financial and Operating Data for Cingular Wireless— amounts in millions, except customer data in 000s

	Quarter Ended									Year to Date
	9/30/2005			9/30/2004			% Change			9/30/2005			9/30/2004			% Change
(Amounts in millions, except customer data in 000s)				(Restated)									(Restated)
OIBDA1	$	2,198		$	1,033			112.8	%	$	6,120		$	3,372			81.5	%
OIBDA margin2		28.5	%		26.7	%	180		BP		26.8	%		29.9	%	-310		BP
Total Cellular/PCS Customers3		52,292			25,672			103.7	%		52,292			25,672			103.7	%
Net Customer Additions — Cellular/PCS		867			657			32.0	%		3,186			1,639			94.4	%
M&A Activity, Partitioned Customers and/or Other Adjs.		(17	)		(29	)					(26	)		6
Churn — Cellular/PCS4		2.3	%		2.8	%	-50		BP		2.2	%		2.7	%	-50		BP
ARPU — Cellular/PCS5	$	49.65		$	50.25			(1.2	%)	$	49.92		$	49.78			0.3	%
Minutes Of Use Per Cellular/PCS Subscriber6		727			598			21.6	%		692			565			22.5	%
Licensed POPs — Cellular/PCS7		294			243						294			243
Penetration — Cellular/PCS8		18.3	%		11.4	%					18.3	%		11.4	%
Capital Expenditures9		1,346			634			112.3	%		4,505			1,751			157.3	%

Reconciliations of Non-GAAP Financial Measures to GAAP Financial Measures —amounts in millions (unaudited)

	Quarter Ended								Year to Date
	9/30/2005			9/30/2004		% Change			9/30/2005			9/30/2004			% Change
				(Restated)								(Restated)
Income (loss) before cumulative effect of accounting change		222			142		56.3	%		129			696			(81.5	%)
Plus: Interest expense		304			200		52.0	%		968			597			62.1	%
Plus: Minority interest expense		38			20		90.0	%		95			88			8.0	%
Plus: Equity in net loss of affiliates		(1	)		98	NM				(4	)		301		NM
Plus: Other, net		(10	)		—	NM				(63	)		(5	)	NM
Plus: Provision (benefit) for income taxes		104			—	NM				150			4		NM
Operating income (loss)		657			460		42.8	%		1,275			1,681			(24.2	%)
Plus: Depreciation and amortization		1,541			573		168.9	%		4,845			1,691			186.5	%
OIBDA1	$	2,198		$	1,033		112.8	%	$	6,120		$	3,372			81.5	%

NM — Not Meaningful

On February 18, 2005, our management and the Audit Committee of the board of directors of our Manager concluded that our financial statements for fiscal periods ending December 31, 2000 through December 31, 2003 and the first three interim periods of 2004 should be restated to correct certain errors relating to accounting for operating leases and that such previously filed financial statements should no longer be relied upon. Additionally, our network infrastructure venture with T-Mobile USA, Inc., GSM Facilities LLC, accounted for under the equity method, reached a similar conclusion with respect to operating leases, requiring correction and restatement of the venture’s previously issued financial statements for the years ended December 31, 2003 and 2002. Please see our 2004 Form 10-K filed with the Securities and Exchange Commission on March 7, 2005 for further information.

Notes:
1	OIBDA is defined as operating income (loss) before depreciation and amortization. OIBDA differs from operating income (loss), as calculated in accordance with GAAP, in it excludes depreciation and amortization. It differs from net income (loss), as calculated in accordance with GAAP, in that it excludes, as presented on our Consolidated Statement of Income:
	(1) depreciation and amortization, (2) interest expense, (3) minority interest expense, (4) equity in net income (loss) of affiliates, (5) other, net, and (6) provision (benefit) for income taxes. OIBDA does not give effect to cash used for debt service requirements and thus does not reflect available funds for distributions, reinvestment or other discretionary uses. OIBDA is not presented as an alternative measure of operating results or cash flows from operations, as determined in accordance with generally accepted accounting principles. Our calculation of OIBDA, as presented, may differ from similarly titled measures reported by other companies.
2	OIBDA margin is defined as OIBDA divided by service revenues.
3	Cellular/PCS customers include customers served through reseller agreements.
4	Cellular/PCS churn is calculated by dividing the aggregate number of cellular/PCS customers who cancel service during each month in a period by the total number of cellular/PCS customers. at the beginning of each month in that period.
5	ARPU is defined as cellular/PCS service revenues during the period divided by average cellular/PCS customers during the period.
6	Total Minutes Of Use Per Cellular/PCS Subscriber definition was changed effective with the 2Q05 reporting period. Prior to the change, the numerator was defined as Local Minutes of Use. Effective with this change, the numerator is now defined as including Local Minutes of Use and Outcollect Minutes of Use.
7	Licensed POPs refers to the number of people residing in areas where we and our partners have licenses to provide cellular or PCS service including areas where we have not yet commenced service.
8	Penetration calculation for 3Q05 is based on licensed “operational” POP’s of 286 million.
9	Capital expenditures reflect GAAP disclosure and accordingly do not include cash/capital contributed to our previous joint ventures with T-Mobile and AT&T Wireless (pre-merger).

Cingular Wireless LLC
Normalized Earnings Summary and Reconciliation to Reported Results
(amounts in millions)

Quarter Ended September 30, 2005

			Normalized Items
				Integration			Hurricane
	GAAP		Costs(1)			Costs(2)			Normalized
Operating revenues:
Service revenues	$	7,721	$	0		$	0		$	7,721
Equipment sales		1,025		—			—			1,025
Total operating revenues		8,746		—			—			8,746
Operating expenses:
Cost of services		2,464		(101	)		(78	)		2,285
Cost of equipment sales		1,203		—			—			1,203
Selling, general and administrative		2,881		(48	)		(18	)		2,815
Depreciation and amortization*		1,541		(92	)		—			1,449
Total operating expenses		8,089		(241	)		(96	)		7,752
Operating income (loss)		657		241			96			994
Interest expense		304		—			—			304
Minority interest expense		38		—			—			38
Equity in net income (loss) of affiliates		1		—			—			1
Other income (expense), net		10		—			—			10
Income (loss) before income tax and cum. effect of acctng. chg.		326		241			96			663
Provision (benefit) for income taxes		104		39			16			159
Income (loss) before cumulative effect of accounting change		222		202			80			504

Year to Date — September 30, 2005

			Normalized Item			Normalized Item
			Integration			Hurricane
	GAAP		Costs(1)			Costs(2)			Normalized
Operating revenues:
Service revenues	$	22,859	$	0		$	0		$	22,859
Equipment sales		2,725		—			—			2,725
Total operating revenues		25,584		—			—			25,584
Operating expenses:
Cost of services		6,901		(123	)		(78	)		6,700
Cost of equipment sales		3,728		—			—			3,728
Selling, general and administrative		8,835		(226	)		(18	)		8,591
Depreciation and amortization*		4,845		(201	)		—			4,644
Total operating expenses		24,309		(550	)		(96	)		23,663
Operating income (loss)		1,275		550			96			1,921
Interest expense		968		—			—			968
Minority interest expense		95		—			—			95
Equity in net income (loss) of affiliates		4		—			—			4
Other income (expense), net		63		—			—			63
Income (loss) before income tax and cum. effect of acctng. chg.		279		550			96			925
Provision (benefit) for income taxes		150		90			16			256
Income (loss) before cumulative effect of accounting change		129		460			80			669

Notes to Normalized Financial Data

*

Results for the quarter ended September 30, 2005, include a reduction for depreciation and amortization for prior quarters of $51 million ($43 million net income impact), in connection with valuation adjustments recorded in the third quarter to assets acquired in the AT&T Wireless acquisition. The valuation adjustments to the AT&T Wireless assets were the result of integration plans approved in 2005. Of the $51 million reduction in depreciation and amortization expenses, $12 million ($10 million net income) relates to the fourth quarter of 2004. The impacts are not included in our normalized integration costs.

On a YTD basis, depreciation true-ups (i.e. reduction to depreciation expense) associated with valuation and other purchase price allocation changes to PP&E acquired from AT&T Wireless include $35 million ($29 million net income) of impacts related to the fourth quarter of 2004.

Our normalized earnings have been adjusted for the following:

(1)

Tax-effected integration costs resulting from the Cingular acquisition of AT&T Wireless.

(2)

Tax-effected operating costs resulting from hurricanes Katrina and Rita. Approximately $31M in customer bill credits issued to customers affected by hurricanes Katrina and Rita have not been normalized. If such customer bill credits had been normalized, ARPU would have increased to $49.85 (from $49.65) and the normalized OIBDA margin for the third quarter of 2005 would have increased to 31.9% (from 31.6%).

Cingular Wireless LLC Income Statement, Normalized —amounts in millions (unaudited)

			Quarter Ended								Year to Date
	9/30/2005		9/30/2004			% Change			9/30/2005		9/30/2004			% Change
	(Normalized)		(Normalized)						(Normalized)		(Normalized)
			(Restated)								(Restated)
Operating revenues:
Service revenues	$	7,721	$	3,873			99.4	%	$	22,859	$	11,289			102.5	%
Equipment sales		1,025		419			144.6	%		2,725		1,157			135.5	%
Total operating revenues		8,746		4,292			103.8	%		25,584		12,446			105.6	%
Operating expenses:
Cost of services		2,285		1,106			106.6	%		6,700		3,044			120.1	%
Cost of equipment sales		1,203		585			105.6	%		3,728		1,627			129.1	%
Selling, general and administrative		2,815		1,525			84.6	%		8,591		4,360			97.0	%
Depreciation and amortization		1,449		573			152.9	%		4,644		1,691			174.6	%
Total operating expenses		7,752		3,789			104.6	%		23,663		10,722			120.7	%
Operating income (loss)		994		503			97.6	%		1,921		1,724			11.4	%
Interest expense		304		200			52.0	%		968		597			62.1	%
Minority interest expense		38		20			90.0	%		95		88			8.0	%
Equity in net income (loss) of affiliates		1		(98	)	NM				4		(301	)	NM
Other income (expense), net		10		—		NM				63		5		NM
Income (loss) before income tax and cum. effect of acctng. chg.		663		185			258.4	%		925		743			24.5	%
Provision (benefit) for income taxes		159		—		NM				256		4		NM
Income (loss) before cumulative effect of accounting change		504		185			172.4	%		669		739			(9.5	%)

Selected Financial and Operating Data for Cingular Wireless— amounts in millions, except customer data in 000s

	Quarter Ended									Year to Date
	9/30/2005			9/30/2004			% Change			9/30/2005			9/30/2004			% Change
	(Normalized)			(Normalized)						(Normalized)			(Normalized)
(Amounts in millions, except customer data in 000s)				(Restated)									(Restated)
OIBDA — normalized1	$	2,443		$	1,076			127.0	%	$	6,565		$	3,415			92.2	%
OIBDA margin — normalized2		31.6	%		27.8	%	380 BP				28.7	%		30.3	%	-160 BP
Total Cellular/PCS Customers3**		52,292			25,672			103.7	%		52,292			25,672			103.7	%
Net Customer Additions — Cellular/PCS **		867			657			32.0	%		3,186			1,639			94.4	%
M&A Activity, Partitioned Customers and/or Other Adjs. **		(17	)		(29	)					(26	)		6
Churn — Cellular/PCS4 **		2.3	%		2.8	%	-50 BP				2.2	%		2.7	%	-50 BP
ARPU — Cellular/PCS5**	$	49.65		$	50.25			(1.2	%)	$	49.92		$	49.78			0.3	%
Minutes Of Use Per Cellular/PCS Subscriber6 **		727			598			21.6	%		692			565			22.5	%
Licensed POPs — Cellular/PCS 7**		294			243						294			243
Penetration — Cellular/PCS 8**		18.3	%		11.4	%					18.3	%		11.4	%
Capital Expenditures 9**		1,346			634			112.3	%		4,505			1,751			157.3	%

Reconciliations of Non-GAAP Financial Measures to GAAP Financial Measures —amounts in millions (unaudited)

	Quarter Ended									Year To Date
	9/30/2005			9/30/2004			% Change			9/30/2005			9/30/2004			% Change
	(Normalized)			(Normalized)						(Normalized)			(Normalized)
				(Restated)									(Restated)
Income (loss) before cumulative effect of accounting change		504			185			172.4	%		669			739			(9.5	%)
Plus: Interest expense		304			200			52.0	%		968			597			62.1	%
Plus: Minority interest expense		38			20			90.0	%		95			88			8.0	%
Plus: Equity in net loss of affiliates		(1	)		98			-101.0	%		(4	)		301			-101.3	%
Plus: Other, net		(10	)		—		NM				(63	)		(5	)	NM
Plus: Provision (benefit) for income taxes		159			—		NM				256			4		NM
Operating income (loss)		994			503			97.6	%		1,921			1,724			11.4	%
Plus: Depreciation and amortization		1,449			573			152.9	%		4,644			1,691			174.6	%
OIBDA — normalized1	$	2,443		$	1,076			127.0	%	$	6,565		$	3,415			92.2	%
OIBDA margin2		28.5	%		26.7	%	180 BP				26.8	%		29.9	%	-310 BP
Plus: OIBDA margin, merger integration and hurricane expenses		3.1	%		1.1	%	200 BP				1.9	%		0.4	%		150 BP
OIBDA margin — normalized		31.6	%		27.8	%	380 BP				28.7	%		30.3	%	-160 BP

NM — Not Meaningful
**	Metrics and calculations are not impacted by the 3Q05 and YTD 2005 normalization of merger integration and hurricane costs.

On February 18, 2005, our management and the Audit Committee of the board of directors of our Manager concluded that our financial statements for fiscal periods ending December 31, 2000 through December 31, 2003 and the first three interim periods of 2004 should be restated to correct certain errors relating to accounting for operating leases and that such previously filed financial statements should no longer be relied upon. Additionally, our network infrastructure venture with T-Mobile USA, Inc., GSM Facilities LLC, accounted for under the equity method, reached a similar conclusion with respect to operating leases, requiring correction and restatement of the venture’s previously issued financial statements for the years ended December 31, 2003 and 2002. Please see our 2004 Form 10-K filed with the Securities and Exchange Commission on March 7, 2005 for further information.

Notes:

1	OIBDA is defined as operating income (loss) before depreciation and amortization. OIBDA differs from operating income (loss), as calculated in accordance with GAAP, in it excludes depreciation and amortization. It differs from net income (loss), as calculated in accordance with GAAP, in that it excludes, as presented on our Consolidated Statement of Income:
	(1) depreciation and amortization, (2) interest expense, (3) minority interest expense, (4) equity in net income (loss) of affiliates, (5) other, net, and (6) provision (benefit) for income taxes. OIBDA does not give effect to cash used for debt service requirements and thus does not reflect available funds for distributions, reinvestment or other discretionary uses. OIBDA is not presented as an alternative measure of operating results or cash flows from operations, as determined in accordance with generally accepted accounting principles. Our calculation of OIBDA, as presented, may differ from similarly titled measures reported by other companies.
2	OIBDA margin is defined as OIBDA divided by service revenues.
3	Cellular/PCS customers include customers served through reseller agreements.
4	Cellular/PCS churn is calculated by dividing the aggregate number of cellular/PCS customers who cancel service during each month in a period by the total number of cellular/PCS customers. at the beginning of each month in that period.
5	ARPU is defined as cellular/PCS service revenues during the period divided by average cellular/PCS customers during the period.
6	Total Minutes Of Use Per Cellular/PCS Subscriber definition was changed effective with the 2Q05 reporting period. Prior to the change, the numerator was defined as Local Minutes of Use. Effective with this change, the numerator is now defined as including Local Minutes of Use and Outcollect Minutes of Use.
7	Licensed POPs refers to the number of people residing in areas where we and our partners have licenses to provide cellular or PCS service including areas where we have not yet commenced service.
8	Penetration calculation for 3Q05 is based on licensed “operational” POP’s of 286 million.
9	Capital expenditures reflect GAAP disclosure and accordingly do not include cash/capital contributed to our previous joint ventures with T-Mobile and AT&T Wireless (pre-merger).

Cingular Wireless LLC Income Statement —amounts in millions (unaudited)
	Full Year
	2002			3/31/2003			6/30/2003			9/30/2003			12/31/2003			3/31/2004			6/30/2004			9/30/2004			12/31/2004			3/31/2005			6/30/2005		9/30/2005
Operating revenues:	(Restated)			(Restated)			(Restated)			(Restated)			(Restated)			(Restated)			(Restated)			(Restated)			(Revised)
Service revenues	$	13,922		$	3,414		$	3,643		$	3,701		$	3,559		$	3,583		$	3,833		$	3,873		$	6,313		$	7,419		$	7,719	$	7,721
Equipment sales		981			244			255			383			378			384			354			419			806			810			890		1,025
Total operating revenues		14,903			3,658			3,898			4,084			3,937			3,967			4,187			4,292			7,119			8,229			8,609		8,746
Operating expenses:
Cost of services		3,594			849			921			1,035			970			955			983			1,107			1,692			2,144			2,293		2,464
Cost of equipment sales		1,535			396			451			606			578			537			505			585			1,247			1,295			1,230		1,203
Selling, general and administrative		5,429			1,218			1,271			1,442			1,497			1,372			1,463			1,567			2,947			3,001			2,953		2,881
Depreciation and amortization		1,849			488			508			521			572			553			565			573			1,386			1,675			1,629		1,541
Total operating expenses		12,407			2,951			3,151			3,604			3,617			3,417			3,516			3,832			7,272			8,115			8,105		8,089
Operating income (loss)		2,496			707			747			480			320			550			671			460			(153	)		114			504		657
Interest expense		911			225			230			197			204			198			199			200			303			338			326		304
Minority interest expense		123			24			35			25			17			27			41			20			(2	)		16			41		38
Equity in net income (loss) of affiliates		(274	)		(74	)		(78	)		(90	)		(91	)		(108	)		(95	)		(98	)		(114	)		2			1		1
Other income (expense), net		29			26			7			4			4			4			1			—			11			20			33		10
Income (loss) before income tax and cum. effect of acctng. chg.		1,217			410			411			172			12			221			337			142			(557	)		(218	)		171		326
Provision (benefit) for income taxes		12			2			12			6			8			6			(2	)		—			(62	)		22			24		104
Income (loss) before cumulative effect of accounting change		1,205			408			399			166			4			215			339			142			(495	)		(240	)		147		222

Selected Financial and Operating Data for Cingular Wireless— amounts in millions, except customer data in 000s
	Full Year
	2002			3/31/2003			6/30/2003			9/30/2003			12/31/2003			3/31/2004			6/30/2004			9/30/2004			12/31/2004			3/31/2005			6/30/2005			9/30/2005
	(Restated)			(Restated)			(Restated)			(Restated)			(Restated)			(Restated)			(Restated)			(Restated)			(Revised)
OIBDA1	$	4,345		$	1,195		$	1,255		$	1,001		$	892		$	1,103		$	1,236		$	1,033		$	1,233		$	1,789		$	2,133		$	2,198
OIBDA margin2		31.2	%		35.0	%		34.4	%		27.0	%		25.1	%		30.8	%		32.2	%		26.7	%		19.5	%		24.1	%		27.6	%		28.5	%
Integration and Hurricane Costs	$	0		$	0		$	0		$	0		$	0		$	0		$	0		$	43		$	245		$	105		$	204		$	337
OIBDA — normalized	$	4,345		$	1,195		$	1,255		$	1,001		$	892		$	1,103		$	1,236		$	1,076		$	1,478		$	1,894		$	2,228		$	2,443
OIBDA margin — normalized		31.2	%		35.0	%		34.4	%		27.0	%		25.1	%		30.8	%		32.2	%		27.8	%		23.4	%		25.5	%		28.9	%		31.6	%
Total Cellular/PCS Customers3		21,925			22,114			22,640			23,385			24,027			24,618			25,044			25,672			49,132			50,350			51,442			52,292
Net Customer Additions — Cellular/PCS		359			189			540			745			642			554			428			657			1,699			1,367			952			867
M&A Activity, Partitioned Customers and/or Other Adjs.		(32	)		0			(14	)		0			0			37			(2	)		(29	)		21,761			(149	)		140			(17	)
Churn — Cellular/PCS4		2.8	%		2.6	%		2.5	%		2.8	%		2.8	%		2.7	%		2.7	%		2.8	%		2.6	%		2.2	%		2.2	%		2.3	%
ARPU — Cellular/PCS5	$	52.14		$	51.07		$	53.47		$	52.80		$	49.38		$	48.30		$	50.75		$	50.25		$	49.51		$	49.60		$	50.51		$	49.65
Minutes Of Use Per Cellular/PCS Subscriber6		423			441			485			500			515			527			568			598			617			643			705			727
Licensed POPs — Cellular/PCS7		219			235			236			236			236			240			243			243			291			293			294			294
Penetration — Cellular/PCS8		10.1	%		10.0	%		10.2	%		10.6	%		10.8	%		10.9	%		11.1	%		11.4	%		17.2	%		17.7	%		18.0	%		18.3	%
Total Cingular Interactive Customers		817			835			788			788			789			768			735			653		NA			NA			NA			NA
Net Customer Additions — Cingular Interactive		84			18			(47	)		0			1			(21	)		(33	)		(82	)	NA			NA			NA			NA
Capital Expenditures9		3,085			327			668			773			966			334			783			634			1,698			971			2,188			1,346

Reconciliations of Non-GAAP Financial Measures to GAAP Financial Measures —amounts in millions (unaudited)
	Full Year
	2002			3/31/2003			6/30/2003			9/30/2003			12/31/2003			3/31/2004			6/30/2004			9/30/2004		12/31/2004			3/31/2005			6/30/2005			9/30/2005
	(Restated)			(Restated)			(Restated)			(Restated)			(Restated)			(Restated)			(Restated)			(Restated)		(Revised)
Income (loss) before cumulative effect of accounting change		1,205			408			399			166			4			215			339			142		(495	)		(240	)		147			222
Plus: Interest expense		911			225			230			197			204			198			199			200		303			338			326			304
Plus: Minority interest expense		123			24			35			25			17			27			41			20		(2	)		16			41			38
Plus: Equity in net loss of affiliates		274			74			78			90			91			108			95			98		114			(2	)		(1	)		(1	)
Plus: Other, net		(29	)		(26	)		(7	)		(4	)		(4	)		(4	)		(1	)		0		(11	)		(20	)		(33	)		(10	)
Plus: Provision (benefit) for income taxes		12			2			12			6			8			6			(2	)		0		(62	)		22			24			104
Operating income (loss)		2,496			707			747			480			320			550			671			460		(153	)		114			504			657
Plus: Depreciation and amortization		1,849			488			508			521			572			553			565			573		1,386			1,675			1,629			1,541
OIBDA1	$	4,345		$	1,195		$	1,255		$	1,001		$	892		$	1,103		$	1,236		$	1,033	$	1,233		$	1,789		$	2,133		$	2,198
Plus: Integration costs (excluding depreciation and amortization)		0			0			0			0			0			0			0			43		245			105			95			149
Plus: Hurricane costs (excluding depreciation and amortization)		0			0			0			0			0			0			0			0		0			0			0			96
OIBDA — normalized1	$	4,345		$	1,195		$	1,255		$	1,001		$	892		$	1,103		$	1,236		$	1,076	$	1,478		$	1,894		$	2,228		$	2,443
Service revenues		13,922			3,414			3,643			3,701			3,559			3,583			3,833			3,873		6,313			7,419			7,719			7,721
Less: Mobitex data revenues		189			55			53			54			58			58			59			54		36			18			20			18
Service revenues used to calculate ARPU	$	13,733		$	3,359		$	3,590		$	3,647		$	3,501		$	3,525		$	3,774		$	3,819	$	6,277		$	7,401		$	7,699		$	7,703

On February 18, 2005, our management and the Audit Committee of the board of directors of our Manager concluded that our financial statements for fiscal periods ending December 31, 2000 through December 31, 2003 and the first three interim periods of 2004 should be restated to correct certain errors relating to accounting for operating leases and that such previously filed financial statements should no longer be relied upon. Additionally, our network infrastructure venture with T-Mobile USA, Inc., GSM Facilities LLC, accounted for under the equity method, reached a similar conclusion with respect to operating leases, requiring correction and restatement of the venture’s previously issued financial statements for the years ended December 31, 2003 and 2002. Please see our 2004 Form 10-K filed with the Securities and Exchange Commission on March 7, 2005 for further information.

In 2003, to be consistent with industry practices, historical consolidated statements of income for all periods presented were reclassified to reflect billings to our customers for the Universal Service Fund (USF) and other regulatory fees as operating revenues and the costs related to payments into the associated regulatory funds as operating expenses. Similar reclassifications have also been made to 2003 and 2004 historical results for certain gross receipts taxes and other fees which are billed to our customers. Operating income and net income for all periods were unaffected.

Notes:

1	OIBDA is defined as operating income (loss) before depreciation and amortization. OIBDA differs from operating income (loss), as calculated in accordance with GAAP, in it excludes depreciation and amortization. It differs from net income (loss), as calculated in accordance with GAAP, in that it excludes, as presented on our Consolidated Statement of Income: (1) depreciation and amortization, (2) interest expense, (3) minority interest expense, (4) equity in net income (loss) of affiliates, (5) other, net, and (6) provision (benefit) for income taxes. OIBDA does not give effect to cash used for debt service requirements and thus does not reflect available funds for distributions, reinvestment or other discretionary uses. OIBDA is not presented as an alternative measure of operating results or cash flows from operations, as determined in accordance with generally accepted accounting principles. Our calculation of OIBDA, as presented, may differ from similarly titled measures reported by other companies.
2	OIBDA margin is defined as OIBDA divided by service revenues.
3	Cellular/PCS customers include customers served through reseller agreements.
4	Cellular/PCS churn is calculated by dividing the aggregate number of cellular/PCS customers who cancel service during each month in a period by the total number of cellular/PCS customers at the beginning of each month in that period.
5	ARPU is defined as cellular/PCS service revenues during the period divided by average cellular/PCS customers during the period.
6	Total Minutes Of Use Per Cellular/PCS Subscriber definition was changed effective with the 2Q05 reporting period. Prior to the change, the numerator was defined as Local Minutes of Use. Effective with this change, the numerator is now defined as including Local Minutes of Use and Outcollect Minutes of Use.
7	Licensed POPs refers to the number of people residing in areas where we and our partners have licenses to provide cellular or PCS service including areas where we have not yet commenced service. Licensed POPs have been restated in periods 4Q04 through 2Q05 due to reconciliation of respective licenses. Licensed POPs are based on estimated 2005 total US POPs of 297 million.
8	Penetration calculation for 3Q05 is based on licensed “operational” POP’s of 286 million.
9	Capital expenditures reflect GAAP disclosure and accordingly do not include cash/capital contributed to our previous joint ventures with T-Mobile and AT&T Wireless (pre-merger).

Cingular Wireless LLC Income Statement, Normalized —amounts in millions (unaudited)

The normalized financial data presented below exclude the impact of integration costs that are cash outlays, or specified non-cash charges, directly related to the acquisition of AT&T Wireless. These costs would not have been incurred if not for the acquisition, as they support the utilization and/or disposal of the acquired assets. Integration costs are separately identifiable from business as usual outlays. In connection with certain rationalization plans approved by management, costs were recognized in the income statement during the second and third quarters of 2005. Purchase accounting impacts of the AT&T Wireless acquisition are not included in integration costs.

Examples of merger integration costs impacting expenses include (but are not limited to) the following:

*	Network rationalization (write-offs and accelerated depreciation related to certain “overlap” network assets)
*	Sales distribution optimization (lease terminations, leasehold improvement write-offs/accelerated depreciation)
*	Workforce rationalization (severance, relocation, retention)
*	IT System/Application rationalization (system/platform consolidation, contract termination fees, third party support)
*	Real Estate space rationalization (lease terminations, leasehold improvements write-offs and accelerated depreciation, contract termination fees)

	Normalized
	12/31/2004			3/31/2005			6/30/2005		9/30/2005
Operating revenues:	(Revised)
Service revenues	$	6,313		$	7,419		$	7,719	$	7,721
Equipment sales		806			810			890		1,025
Total operating revenues		7,119			8,229			8,609		8,746
Operating expenses:
Cost of services		1,685			2,141			2,274		2,285
Cost of equipment sales		1,244			1,295			1,230		1,203
Selling, general and administrative		2,712			2,899			2,877		2,815
Depreciation and amortization		1,386			1,675			1,520		1,449
Total operating expenses		7,027			8,010			7,901		7,752
Operating income		92			219			708		994
Interest expense		303			338			326		304
Minority interest expense		(2	)		16			41		38
Equity in net income (loss) of affiliates		(114	)		2			1		1
Other income (expense), net		11			20			33		10
Income (loss) before income tax and cum. effect of acctng. chg.		(312	)		(113	)		375		663
Provision for income taxes		(27	)		39			58		159
Income (loss) before cumulative effect of accounting change		(285	)		(152	)		317		504

Selected Financial and Operating Data for Cingular Wireless— amounts in millions, except customer data in 000s
	Normalized
	12/31/2004			3/31/2005			6/30/2005			9/30/2005
	(Revised)
OIBDA1 (in millions)	$	1,478		$	1,894		$	2,228		$	2,443
OIBDA margin2		23.4	%		25.5	%		28.9	%		31.6	%
Total Cellular/PCS Customers3 (000’s)		49,132			50,350			51,442			52,292
Net Customer Additions — Cellular/PCS (000’s)		1,699			1,367			952			867
M&A Activity, Partitioned Customers and/or Other Adjs. (000’s)		21,761			(149	)		140			(17	)
Churn — Cellular/PCS4		2.6	%		2.2	%		2.2	%		2.3	%
ARPU — Cellular/PCS5	$	49.51		$	49.60		$	50.51		$	49.65

Reconciliations of Non-GAAP Financial Measures to GAAP Financial Measures —amounts in millions (unaudited)
	Normalized
	12/31/2004			3/31/2005			6/30/2005			9/30/2005
	(Revised)
Income (loss) before cumulative effect of accounting change		(285	)		(152	)		317			504
Plus: Interest expense		303			338			326			304
Plus: Minority interest expense		(2	)		16			41			38
Plus: Equity in net (income) loss of affiliates		114			(2	)		(1	)		(1	)
Plus: Other, net		(11	)		(20	)		(33	)		(10	)
Plus: Provision for income taxes		(27	)		39			58			159
Operating income		92			219			708			994
Plus: Depreciation and amortization		1,386			1,675			1,520			1,449
OIBDA1		1,478			1,894			2,228			2,443
Service revenues		6,313			7,419			7,719			7,721
Less: Mobitex data revenues		36			18			20			18
Service revenues used to calculate ARPU	$	6,277		$	7,401		$	7,699		$	7,703

Notes:

1	OIBDA is defined as operating income (loss) before depreciation and amortization. OIBDA differs from operating income (loss), as calculated in accordance with GAAP, in it excludes depreciation and amortization. It differs from net income (loss), as calculated in accordance with GAAP, in that it excludes, as presented on our Consolidated Statement of Income: (1) depreciation and amortization, (2) interest expense, (3) minority interest expense, (4) equity in net income (loss) of affiliates, (5) other, net, and (6) provision (benefit) for income taxes. OIBDA does not give effect to cash used for debt service requirements and thus does not reflect available funds for distributions, reinvestment or other discretionary uses. OIBDA is not presented as an alternative measure of operating results or cash flows from operations, as determined in accordance with generally accepted accounting principles. Our calculation of OIBDA, as presented, may differ from similarly titled measures reported by other companies.
2	OIBDA margin is defined as OIBDA divided by service revenues.
3	Cellular/PCS customers include customers served through reseller agreements.
4	Cellular/PCS customer churn is calculated by dividing the aggregate number of cellular/PCS customers who cancel service during each month in a period by the total number of cellular/PCS customers at the beginning of each month in that period.
5	ARPU is defined as cellular/PCS service revenues during the period divided by average cellular/PCS customers during the period.

Cingular Wireless LLC Income Statement, Prior Quarter Normalized Reconciliations —amounts in millions (unaudited)

	Three months ended 09/30/04									Three months ended 12/31/04									Three months ended 3/31/05									Three months ended 6/30/05
				Integration									Integration									Integration								Integration
	GAAP			Costs			Normalized			GAAP			Costs			Normalized			GAAP			Costs			Normalized			GAAP		Costs			Normalized
Operating revenues:	(Revised)									(Revised)									(Revised)									(Revised)
Service revenues	$	3,873		$	0		$	3,873		$	6,313		$	0		$	6,313		$	7,419		$	0		$	7,419		$	7,719	$	0		$	7,719
Equipment sales		419			—			419			806			—			806			810			—			810			890		—			890
Total operating revenues		4,292			—			4,292			7,119			—			7,119			8,229			—			8,229			8,609		—			8,609
Operating expenses:
Cost of services		1,107			(1	)		1,106			1,692			(7	)		1,685			2,144			(3	)		2,141			2,293		(19	)		2,274
Cost of equipment sales		585			—			585			1,247			(3	)		1,244			1,295			—			1,295			1,230		—			1,230
Selling, general and administrative		1,567			(42	)		1,525			2,947			(235	)		2,712			3,001			(102	)		2,899			2,953		(76	)		2,877
Depreciation and amortization		573			—			573			1,386			—			1,386			1,675			—			1,675			1,629		(109	)		1,520
Total operating expenses		3,832			(43	)		3,789			7,272			(245	)		7,027			8,115			(105	)		8,010			8,105		(204	)		7,901
Operating income		460			43			503			(153	)		245			92			114			105			219			504		204			708
Interest expense		200			—			200			303			—			303			338			—			338			326		—			326
Minority interest expense		20			—			20			(2	)		—			(2	)		16			—			16			41		—			41
Equity in net income (loss) of affiliates		(98	)		—			(98	)		(114	)		—			(114	)		2			—			2			1		—			1
Other income (expense), net		—			—			—			11			—			11			20			—			20			33		—			33
Income (loss) before income tax and cum. effect of acctng. chg.		142			43			185			(557	)		245			(312	)		(218	)		105			(113	)		171		204			375
Provision for income taxes		—			—			—			(62	)		35			(27	)		22			17			39			24		34			58
Income (loss) before cumulative effect of accounting change		142			43			185			(495	)		210			(285	)		(240	)		88			(152	)		147		170			317

	Nine months ended 09/30/04									Twelve months ended 12/31/04									Three months ended 3/31/05									Six months ended 6/30/05
				Integration									Integration									Integration									Integration
	GAAP			Costs*			Normalized			GAAP			Costs			Normalized			GAAP			Costs			Normalized			GAAP			Costs			Normalized
Operating revenues:	(Revised)									(Revised)									(Revised)									(Revised)
Service revenues	$	7,416		$	0		$	7,416		$	13,729		$	0		$	13,729		$	7,419		$	0		$	7,419		$	15,138		$	0		$	15,138
Equipment sales		738			—			738			1,544			—			1,544			810			—			810			1,700			—			1,700
Total operating revenues		8,154			—			8,154			15,273			—			15,273			8,229			—			8,229			16,838			—			16,838
Operating expenses:
Cost of services		1,938			(1	)		1,937			3,630			(8	)		3,622			2,144			(3	)		2,141			4,437			(22	)		4,415
Cost of equipment sales		1,042			—			1,042			2,289			(3	)		2,286			1,295			—			1,295			2,525			—			2,525
Selling, general and administrative		2,835			(42	)		2,793			5,782			(277	)		5,505			3,001			(102	)		2,899			5,954			(178	)		5,776
Depreciation and amortization		1,118			—			1,118			2,504			—			2,504			1,675			—			1,675			3,304			(109	)		3,195
Total operating expenses		6,933			(43	)		6,890			14,205			(288	)		13,917			8,115			(105	)		8,010			16,220			(309	)		15,911
Operating income		1,221			43			1,264			1,068			288			1,356			114			105			219			618			309			927
Interest expense		397			—			397			700			—			700			338			—			338			664			—			664
Minority interest expense		68			—			68			66			—			66			16			—			16			57			—			57
Equity in net income (loss) of affiliates		(203	)		—			(203	)		(317	)		—			(317	)		2			—			2			3			—			3
Other income (expense), net		5			—			5			16			—			16			20			—			20			53			—			53
Income (loss) before income tax and cum. effect of acctng. chg.		558			43			601			1			288			289			(218	)		105			(113	)		(47	)		309			262
Provision for income taxes		4			—			4			(58	)		35			(23	)		22			17			39			46			51			97
Income (loss) before cumulative effect of accounting change		554			43			597			59			253			312			(240	)		88			(152	)		(93	)		258			165

* No integration costs were incurred prior to the third quarter of 2004.

Cingular Wireless LLC Balance Sheet —amounts in millions (unaudited)

	9/30/2005		12/31/2004		Incr(Decr)			% + / -
			(audited)
Assets
Current assets:
Cash and cash equivalents		288		352		(64	)		(18.2	%)
Accounts receivable — net of allowance for doubtful accounts		3,486		3,448		38			1.1	%
Inventories		537		690		(153	)		(22.2	%)
Prepaid expenses and other current assets		717		1,080		(363	)		(33.6	%)
Total current assets		5,028		5,570		(542	)		(9.7	%)
Property, plant and equipment — net		20,226		21,958		(1,732	)		(7.9	%)
Intangible assets — net		51,754		51,338		416			0.8	%
Other assets		931		3,372		(2,441	)		(72.4	%)
Total assets		77,939		82,238		(4,299	)		(5.2	%)
Liabilities and members’ capital
Current liabilities:
Debt maturing within one year		1,034		2,158		(1,124	)		(52.1	%)
Accounts payable and accrued liabilities		7,139		5,825		1,314			22.6	%
Total current liabilities		8,173		7,983		190			2.4	%
Long-term debt to affiliates		6,953		9,628		(2,675	)		(27.8	%)
Long-term debt to external parties		13,151		14,229		(1,078	)		(7.6	%)
Total long-term debt		20,104		23,857		(3,753	)		(15.7	%)
Other noncurrent liabilities		4,350		5,253		(903	)		(17.2	%)
Minority interests in consolidated entities		534		609		(75	)		(12.3	%)
Members’ capital		44,778		44,536		242			0.5	%
Total liabilities and members’ capital		77,939		82,238		(4,299	)		(5.2	%)