| AT&T Inc. | ||||||||||||
| Consolidated Statements of Income - As Adjusted | ||||||||||||
| For the Quarters and Six Months Ended | ||||||||||||
| June 30, 2015 | ||||||||||||
| Dollars in millions except per share amounts | ||||||||||||
| Unaudited | For the Quarter Ended | For the Six Months | ||||||||||
| Mar 31, | Jun 30, | Ended | ||||||||||
| Operating Revenues | ||||||||||||
| Service | $ | 28,962 | $ | 29,541 | $ | 58,503 | ||||||
| Equipment | 3,614 | 3,474 | 7,088 | |||||||||
| Total Operating Revenues | 32,576 | 33,015 | 65,591 | |||||||||
| Operating Expenses | ||||||||||||
Cost of services and sales (exclusive of depreciation and amortization shown separately below) | 14,480 | 15,079 | 29,559 | |||||||||
| Selling, general and administrative | 7,961 | 7,467 | 15,428 | |||||||||
| Depreciation and amortization | 4,578 | 4,696 | 9,274 | |||||||||
| Total Operating Expenses | 27,019 | 27,242 | 54,261 | |||||||||
| Operating Income | 5,557 | 5,773 | 11,330 | |||||||||
| Interest Expense | 899 | 932 | 1,831 | |||||||||
| Equity in Net Income of Affiliates | - | 33 | 33 | |||||||||
| Other Income (Expense) - Net | 70 | 48 | 118 | |||||||||
| Income Before Income Taxes | 4,728 | 4,922 | 9,650 | |||||||||
| Income Tax Expense | 1,389 | 1,738 | 3,127 | |||||||||
| Net Income | 3,339 | 3,184 | 6,523 | |||||||||
| Less: Net Income Attributable to Noncontrolling Interest | (76 | ) | (102 | ) | (178 | ) | ||||||
| Net Income Attributable to AT&T | $ | 3,263 | $ | 3,082 | $ | 6,345 | ||||||
| Basic Earnings Per Share Attributable to AT&T | $ | 0.63 | $ | 0.59 | $ | 1.22 | ||||||
Weighted Average Common Shares Outstanding (000,000) | 5,203 | 5,204 | 5,204 | |||||||||
| Diluted Earnings Per Share Attributable to AT&T | $ | 0.63 | $ | 0.59 | $ | 1.22 | ||||||
Weighted Average Common Shares Outstanding with Dilution (000,000) | 5,219 | 5,220 | 5,220 | |||||||||
| AT&T Inc. | ||||||||||||||||||||
| Consolidated Statements of Income - As Adjusted | ||||||||||||||||||||
| For the Quarters and Year Ended 2014 | ||||||||||||||||||||
| Dollars in millions except per share amounts | ||||||||||||||||||||
| Unaudited | For the Quarter Ended | For the Year | ||||||||||||||||||
| Mar 31, | Jun 30, | Sep 30, | Dec 31, | Ended | ||||||||||||||||
| Operating Revenues | ||||||||||||||||||||
| Service | $ | 29,776 | $ | 29,556 | $ | 29,790 | $ | 29,315 | $ | 118,437 | ||||||||||
| Equipment | 2,700 | 3,019 | 3,167 | 5,124 | 14,010 | |||||||||||||||
| Total Operating Revenues | 32,476 | 32,575 | 32,957 | 34,439 | 132,447 | |||||||||||||||
| Operating Expenses | ||||||||||||||||||||
Cost of services and sales (exclusive of depreciation and amortization shown separately below) | 13,264 | 14,089 | 14,336 | 18,456 | 60,145 | |||||||||||||||
| Selling, general and administrative | 8,260 | 8,197 | 8,475 | 14,765 | 39,697 | |||||||||||||||
| Abandonment of network assets | - | - | - | 2,120 | 2,120 | |||||||||||||||
| Depreciation and amortization | 4,617 | 4,550 | 4,539 | 4,567 | 18,273 | |||||||||||||||
| Total Operating Expenses | 26,141 | 26,836 | 27,350 | 39,908 | 120,235 | |||||||||||||||
| Operating Income (Loss) | 6,335 | 5,739 | 5,607 | (5,469 | ) | 12,212 | ||||||||||||||
| Interest Expense | 860 | 881 | 1,016 | 856 | 3,613 | |||||||||||||||
| Equity in Net Income of Affiliates | 88 | 102 | (2 | ) | (13 | ) | 175 | |||||||||||||
| Other Income (Expense) - Net | 145 | 1,269 | 42 | 125 | 1,581 | |||||||||||||||
| Income (Loss) Before Income Taxes | 5,708 | 6,229 | 4,631 | (6,213 | ) | 10,355 | ||||||||||||||
| Income Tax Expense (Benefit) | 1,938 | 2,532 | 1,444 | (2,295 | ) | 3,619 | ||||||||||||||
| Net Income (Loss) | 3,770 | 3,697 | 3,187 | (3,918 | ) | 6,736 | ||||||||||||||
| Less: Net Income Attributable to Noncontrolling Interest | (82 | ) | (74 | ) | (57 | ) | (81 | ) | (294 | ) | ||||||||||
| Net Income (Loss) Attributable to AT&T | $ | 3,688 | $ | 3,623 | $ | 3,130 | $ | (3,999 | ) | $ | 6,442 | |||||||||
| Basic Earnings (Loss) Per Share Attributable to AT&T | $ | 0.71 | $ | 0.70 | $ | 0.60 | $ | (0.77 | ) | $ | 1.24 | |||||||||
Weighted Average Common Shares Outstanding (000,000) | 5,222 | 5,204 | 5,198 | 5,198 | 5,205 | |||||||||||||||
| Diluted Earnings (Loss) Per Share Attributable to AT&T | $ | 0.70 | $ | 0.69 | $ | 0.60 | $ | (0.77 | ) | $ | 1.24 | |||||||||
Weighted Average Common Shares Outstanding with Dilution (000,000) | 5,238 | 5,220 | 5,214 | 5,214 | 5,221 | |||||||||||||||
| AT&T Inc. | ||||||||||||||||||||
| Consolidated Statements of Income - As Adjusted | ||||||||||||||||||||
| For the Quarters and Year Ended 2013 | ||||||||||||||||||||
| Dollars in millions except per share amounts | ||||||||||||||||||||
| Unaudited | For the Quarter Ended | For the Year | ||||||||||||||||||
| Mar 31, | Jun 30, | Sep 30, | Dec 31, | Ended | ||||||||||||||||
| Operating Revenues | ||||||||||||||||||||
| Service | $ | 29,443 | $ | 29,851 | $ | 29,864 | $ | 30,094 | $ | 119,252 | ||||||||||
| Equipment | 1,913 | 2,224 | 2,294 | 3,069 | 9,500 | |||||||||||||||
| Total Operating Revenues | 31,356 | 32,075 | 32,158 | 33,163 | 128,752 | |||||||||||||||
| Operating Expenses | ||||||||||||||||||||
Cost of services and sales (exclusive of depreciation and amortization shown separately below) | 12,521 | 13,186 | 13,314 | 12,170 | 51,191 | |||||||||||||||
| Selling, general and administrative | 8,333 | 8,121 | 7,952 | 4,008 | 28,414 | |||||||||||||||
| Depreciation and amortization | 4,529 | 4,571 | 4,615 | 4,680 | 18,395 | |||||||||||||||
| Total Operating Expenses | 25,383 | 25,878 | 25,881 | 20,858 | 98,000 | |||||||||||||||
| Operating Income | 5,973 | 6,197 | 6,277 | 12,305 | 30,752 | |||||||||||||||
| Interest Expense | 827 | 825 | 829 | 1,459 | 3,940 | |||||||||||||||
| Equity in Net Income of Affiliates | 185 | 218 | 91 | 148 | 642 | |||||||||||||||
| Other Income (Expense) - Net | 32 | 288 | 50 | 226 | 596 | |||||||||||||||
| Income Before Income Taxes | 5,363 | 5,878 | 5,589 | 11,220 | 28,050 | |||||||||||||||
| Income Tax Expense | 1,569 | 1,946 | 1,628 | 4,185 | 9,328 | |||||||||||||||
| Net Income | 3,794 | 3,932 | 3,961 | 7,035 | 18,722 | |||||||||||||||
| Less: Net Income Attributable to Noncontrolling Interest | (73 | ) | (58 | ) | (91 | ) | (82 | ) | (304 | ) | ||||||||||
| Net Income Attributable to AT&T | $ | 3,721 | $ | 3,874 | $ | 3,870 | $ | 6,953 | $ | 18,418 | ||||||||||
| Basic Earnings Per Share Attributable to AT&T | $ | 0.67 | $ | 0.72 | $ | 0.73 | $ | 1.32 | $ | 3.42 | ||||||||||
Weighted Average Common Shares Outstanding (000,000) | 5,513 | 5,381 | 5,315 | 5,267 | 5,368 | |||||||||||||||
| Diluted Earnings Per Share Attributable to AT&T | $ | 0.67 | $ | 0.72 | $ | 0.73 | $ | 1.31 | $ | 3.42 | ||||||||||
Weighted Average Common Shares Outstanding with Dilution (000,000) | 5,530 | 5,397 | 5,331 | 5,283 | 5,385 | |||||||||||||||
