AT&T Inc. | ||||||||||||||||||||
Financial Data | ||||||||||||||||||||
Consolidated Statements of Income | ||||||||||||||||||||
Dollars in millions except per share amounts | ||||||||||||||||||||
Unaudited | First Quarter | Percent | ||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Operating Revenues | ||||||||||||||||||||
Service | $ | 24,842 | $ | 24,617 | 0.9 | % | ||||||||||||||
Equipment | 5,186 | 5,522 | (6.1) | % | ||||||||||||||||
Total Operating Revenues | 30,028 | 30,139 | (0.4) | % | ||||||||||||||||
Operating Expenses | ||||||||||||||||||||
Cost of revenues | ||||||||||||||||||||
Equipment | 5,143 | 5,658 | (9.1) | % | ||||||||||||||||
Other cost of revenues (exclusive of depreciation and amortization shown separately below) | 6,811 | 6,673 | 2.1 | % | ||||||||||||||||
Selling, general and administrative | 7,021 | 7,175 | (2.1) | % | ||||||||||||||||
Asset impairments and abandonments and restructuring | 159 | — | — | % | ||||||||||||||||
Depreciation and amortization | 5,047 | 4,631 | 9.0 | % | ||||||||||||||||
Total Operating Expenses | 24,181 | 24,137 | 0.2 | % | ||||||||||||||||
Operating Income | 5,847 | 6,002 | (2.6) | % | ||||||||||||||||
Interest Expense | 1,724 | 1,708 | 0.9 | % | ||||||||||||||||
Equity in Net Income of Affiliates | 295 | 538 | (45.2) | % | ||||||||||||||||
Other Income (Expense) — Net | 451 | 935 | (51.8) | % | ||||||||||||||||
Income Before Income Taxes | 4,869 | 5,767 | (15.6) | % | ||||||||||||||||
Income Tax Expense | 1,118 | 1,314 | (14.9) | % | ||||||||||||||||
Net Income | 3,751 | 4,453 | (15.8) | % | ||||||||||||||||
Less: Net Income Attributable to Noncontrolling Interest | (306) | (225) | (36.0) | % | ||||||||||||||||
Net Income Attributable to AT&T | $ | 3,445 | $ | 4,228 | (18.5) | % | ||||||||||||||
Less: Preferred Stock Dividends | (50) | (52) | 3.8 | % | ||||||||||||||||
Net Income Attributable to Common Stock | $ | 3,395 | $ | 4,176 | (18.7) | % | ||||||||||||||
Basic Earnings Per Share Attributable to Common Stock | $ | 0.47 | $ | 0.58 | (19.0) | % | ||||||||||||||
Weighted Average Common Shares Outstanding (000,000) | 7,192 | 7,168 | 0.3 | % | ||||||||||||||||
Diluted Earnings Per Share Attributable to Common Stock | $ | 0.47 | $ | 0.57 | (17.5) | % | ||||||||||||||
Weighted Average Common Shares Outstanding with Dilution (000,000) | 7,193 | 7,474 | (3.8) | % | ||||||||||||||||
1
AT&T Inc. | |||||||||||
Financial Data | |||||||||||
Consolidated Balance Sheets | |||||||||||
Dollars in millions | |||||||||||
Mar. 31, | Dec. 31, | ||||||||||
2024 | 2023 | ||||||||||
Assets | (Unaudited) | ||||||||||
Current Assets | |||||||||||
Cash and cash equivalents | $ | 3,520 | $ | 6,722 | |||||||
Accounts receivable – net of related allowances for credit loss of $463 and $499 | 9,577 | 10,289 | |||||||||
Inventories | 2,127 | 2,177 | |||||||||
Prepaid and other current assets | 15,221 | 17,270 | |||||||||
Total current assets | 30,445 | 36,458 | |||||||||
Property, Plant and Equipment – Net | 127,851 | 128,489 | |||||||||
Goodwill – Net | 67,854 | 67,854 | |||||||||
Licenses – Net | 127,423 | 127,219 | |||||||||
Other Intangible Assets – Net | 5,281 | 5,283 | |||||||||
Investments in and Advances to Equity Affiliates | 891 | 1,251 | |||||||||
Operating Lease Right-Of-Use Assets | 20,668 | 20,905 | |||||||||
Other Assets | 19,015 | 19,601 | |||||||||
Total Assets | $ | 399,428 | $ | 407,060 | |||||||
Liabilities and Stockholders’ Equity | |||||||||||
Current Liabilities | |||||||||||
Debt maturing within one year | $ | 7,060 | $ | 9,477 | |||||||
Accounts payable and accrued liabilities | 31,973 | 35,852 | |||||||||
Advanced billings and customer deposits | 3,713 | 3,778 | |||||||||
Dividends payable | 2,088 | 2,020 | |||||||||
Total current liabilities | 44,834 | 51,127 | |||||||||
Long-Term Debt | 125,704 | 127,854 | |||||||||
Deferred Credits and Other Noncurrent Liabilities | |||||||||||
Deferred income taxes | 58,820 | 58,666 | |||||||||
Postemployment benefit obligation | 8,743 | 8,734 | |||||||||
Operating lease liabilities | 17,291 | 17,568 | |||||||||
Other noncurrent liabilities | 23,441 | 23,696 | |||||||||
Total deferred credits and other noncurrent liabilities | 108,295 | 108,664 | |||||||||
Redeemable Noncontrolling Interest | 1,975 | 1,973 | |||||||||
Stockholders’ Equity | |||||||||||
Preferred stock | — | — | |||||||||
Common stock | 7,621 | 7,621 | |||||||||
Additional paid-in capital | 111,599 | 114,519 | |||||||||
Retained (deficit) earnings | (1,570) | (5,015) | |||||||||
Treasury stock | (15,277) | (16,128) | |||||||||
Accumulated other comprehensive income | 2,167 | 2,300 | |||||||||
Noncontrolling interest | 14,080 | 14,145 | |||||||||
Total stockholders’ equity | 118,620 | 117,442 | |||||||||
Total Liabilities and Stockholders’ Equity | $ | 399,428 | $ | 407,060 | |||||||
2
AT&T Inc. | |||||||||||
Financial Data | |||||||||||
Consolidated Statements of Cash Flows | |||||||||||
Dollars in millions | |||||||||||
Unaudited | First Quarter | ||||||||||
2024 | 2023 | ||||||||||
Operating Activities | |||||||||||
Net income | $ | 3,751 | $ | 4,453 | |||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | 5,047 | 4,631 | |||||||||
Provision for uncollectible accounts | 472 | 477 | |||||||||
Deferred income tax expense | 479 | 529 | |||||||||
Net (gain) loss on investments, net of impairments | 201 | (93) | |||||||||
Pension and postretirement benefit expense (credit) | (471) | (670) | |||||||||
Asset impairments and abandonments and restructuring | 159 | — | |||||||||
Changes in operating assets and liabilities: | |||||||||||
Receivables | 512 | 620 | |||||||||
Other current assets | 629 | 364 | |||||||||
Accounts payable and other accrued liabilities | (3,497) | (3,409) | |||||||||
Equipment installment receivables and related sales | 24 | (243) | |||||||||
Deferred customer contract acquisition and fulfillment costs | 103 | (22) | |||||||||
Postretirement claims and contributions | (54) | (89) | |||||||||
Other - net | 192 | 130 | |||||||||
Total adjustments | 3,796 | 2,225 | |||||||||
Net Cash Provided by Operating Activities | 7,547 | 6,678 | |||||||||
Investing Activities | |||||||||||
Capital expenditures | (3,758) | (4,335) | |||||||||
Acquisitions, net of cash acquired | (211) | (291) | |||||||||
Dispositions | 8 | 15 | |||||||||
Distributions from DIRECTV in excess of cumulative equity in earnings | 194 | 774 | |||||||||
(Purchases), sales and settlements of securities and investments - net | 1,079 | 19 | |||||||||
Other - net | (273) | — | |||||||||
Net Cash Used in Investing Activities | (2,961) | (3,818) | |||||||||
Financing Activities | |||||||||||
Net change in short-term borrowings with original maturities of three months or less | 1,933 | (536) | |||||||||
Issuance of other short-term borrowings | 491 | 3,627 | |||||||||
Repayment of other short-term borrowings | (1,996) | — | |||||||||
Issuance of long-term debt | — | 3,366 | |||||||||
Repayment of long-term debt | (4,685) | (5,945) | |||||||||
Repayment of note payable to DIRECTV | — | (130) | |||||||||
Payment of vendor financing | (841) | (2,113) | |||||||||
Purchase of treasury stock | (157) | (188) | |||||||||
Issuance of treasury stock | — | 3 | |||||||||
Dividends paid | (2,034) | (2,014) | |||||||||
Other - net | (526) | 219 | |||||||||
Net Cash Used in Financing Activities | (7,815) | (3,711) | |||||||||
Net increase (decrease) in cash and cash equivalents and restricted cash | (3,229) | (851) | |||||||||
Cash and cash equivalents and restricted cash beginning of year | 6,833 | 3,793 | |||||||||
Cash and Cash Equivalents and Restricted Cash End of Period | $ | 3,604 | $ | 2,942 | |||||||
3
AT&T Inc. | ||||||||||||||||||||
Consolidated Supplementary Data | ||||||||||||||||||||
Supplementary Financial Data | ||||||||||||||||||||
Dollars in millions except per share amounts | ||||||||||||||||||||
Unaudited | First Quarter | Percent | ||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Capital expenditures | ||||||||||||||||||||
Purchase of property and equipment | $ | 3,721 | $ | 4,291 | (13.3) | % | ||||||||||||||
Interest during construction | 37 | 44 | (15.9) | % | ||||||||||||||||
Total Capital Expenditures | $ | 3,758 | $ | 4,335 | (13.3) | % | ||||||||||||||
Acquisitions, net of cash acquired | ||||||||||||||||||||
Business acquisitions | $ | — | $ | — | — | % | ||||||||||||||
Spectrum acquisitions | 145 | 63 | — | % | ||||||||||||||||
Interest during construction - spectrum | 66 | 228 | (71.1) | % | ||||||||||||||||
Total Acquisitions | $ | 211 | $ | 291 | (27.5) | % | ||||||||||||||
Cash paid for interest | $ | 2,077 | $ | 1,971 | 5.4 | % | ||||||||||||||
Cash paid for income taxes, net of (refunds) | $ | (9) | $ | 10 | — | % | ||||||||||||||
Dividends Declared per Common Share | $ | 0.2775 | $ | 0.2775 | — | % | ||||||||||||||
End of Period Common Shares Outstanding (000,000) | 7,170 | 7,149 | 0.3 | % | ||||||||||||||||
Debt Ratio | 52.4 | % | 55.9 | % | (350) | BP | ||||||||||||||
Total Employees | 148,290 | 157,790 | (6.0) | % | ||||||||||||||||
4
COMMUNICATIONS SEGMENT
The Communications segment provides wireless and wireline telecom and broadband services to consumers located in the U.S. and businesses globally. The Communications segment contains three reporting units: Mobility, Business Wireline and Consumer Wireline.
Segment Results | ||||||||||||||||||||
Dollars in millions | ||||||||||||||||||||
Unaudited | First Quarter | Percent | ||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Segment Operating Revenues | ||||||||||||||||||||
Mobility | $ | 20,594 | $ | 20,582 | 0.1 | % | ||||||||||||||
Business Wireline | 4,913 | 5,331 | (7.8) | % | ||||||||||||||||
Consumer Wireline | 3,350 | 3,239 | 3.4 | % | ||||||||||||||||
Total Segment Operating Revenues | 28,857 | 29,152 | (1.0) | % | ||||||||||||||||
Segment Operating Income | ||||||||||||||||||||
Mobility | 6,468 | 6,271 | 3.1 | % | ||||||||||||||||
Business Wireline | 64 | 378 | (83.1) | % | ||||||||||||||||
Consumer Wireline | 213 | 94 | — | % | ||||||||||||||||
Total Segment Operating Income | $ | 6,745 | $ | 6,743 | — | % | ||||||||||||||
Supplementary Operating Data | ||||||||||||||||||||
Subscribers and connections in thousands | ||||||||||||||||||||
Unaudited | March 31, | Percent | ||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Broadband Connections | ||||||||||||||||||||
Broadband | 15,143 | 15,061 | 0.5 | % | ||||||||||||||||
DSL | 191 | 284 | (32.7) | % | ||||||||||||||||
Total Broadband Connections | 15,334 | 15,345 | (0.1) | % | ||||||||||||||||
Voice Connections | ||||||||||||||||||||
Retail Consumer Switched Access Lines | 3,934 | 4,938 | (20.3) | % | ||||||||||||||||
Consumer VoIP Connections | 2,467 | 2,835 | (13.0) | % | ||||||||||||||||
Total Retail Consumer Voice Connections | 6,401 | 7,773 | (17.7) | % | ||||||||||||||||
First Quarter | Percent | |||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Broadband Net Additions | ||||||||||||||||||||
Broadband | 65 | (14) | — | % | ||||||||||||||||
DSL | (19) | (27) | 29.6 | % | ||||||||||||||||
Total Broadband Net Additions | 46 | (41) | — | % | ||||||||||||||||
5
Mobility
Mobility provides nationwide wireless service and equipment.
Mobility Results | ||||||||||||||||||||
Dollars in millions | ||||||||||||||||||||
Unaudited | First Quarter | Percent | ||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Operating Revenues | ||||||||||||||||||||
Service | $ | 15,994 | $ | 15,483 | 3.3 | % | ||||||||||||||
Equipment | 4,600 | 5,099 | (9.8) | % | ||||||||||||||||
Total Operating Revenues | 20,594 | 20,582 | 0.1 | % | ||||||||||||||||
Operating Expenses | ||||||||||||||||||||
Operations and support | 11,639 | 12,213 | (4.7) | % | ||||||||||||||||
Depreciation and amortization | 2,487 | 2,098 | 18.5 | % | ||||||||||||||||
Total Operating Expenses | 14,126 | 14,311 | (1.3) | % | ||||||||||||||||
Operating Income | $ | 6,468 | $ | 6,271 | 3.1 | % | ||||||||||||||
Operating Income Margin | 31.4 | % | 30.5 | % | 90 | BP | ||||||||||||||
Supplementary Operating Data | ||||||||||||||||||||
Subscribers and connections in thousands | ||||||||||||||||||||
Unaudited | March 31, | Percent | ||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Mobility Subscribers | ||||||||||||||||||||
Postpaid | 87,450 | 85,421 | 2.4 | % | ||||||||||||||||
Postpaid phone | 71,558 | 70,049 | 2.2 | % | ||||||||||||||||
Prepaid | 19,211 | 19,200 | 0.1 | % | ||||||||||||||||
Reseller | 7,852 | 6,192 | 26.8 | % | ||||||||||||||||
Total Mobility Subscribers1 | 114,513 | 110,813 | 3.3 | % | ||||||||||||||||
1Effective with our first-quarter 2024 reporting, we have removed connected devices from our total Mobility subscribers, consistent with industry standards and our key performance metrics. Connected devices include data-centric devices such as session-based tablets, monitoring devices and primarily wholesale automobile systems. | ||||||||||||||||||||
First Quarter | Percent | |||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Mobility Net Additions | ||||||||||||||||||||
Postpaid Phone Net Additions | 349 | 424 | (17.7) | % | ||||||||||||||||
Total Phone Net Additions | 350 | 464 | (24.6) | % | ||||||||||||||||
Postpaid | 389 | 542 | (28.2) | % | ||||||||||||||||
Prepaid | 1 | 40 | (97.5) | % | ||||||||||||||||
Reseller | 351 | 108 | — | % | ||||||||||||||||
Total Mobility Net Additions1 | 741 | 690 | 7.4 | % | ||||||||||||||||
Postpaid Churn | 0.89 | % | 0.99 | % | (10) BP | |||||||||||||||
Postpaid Phone-Only Churn | 0.72 | % | 0.81 | % | (9) BP | |||||||||||||||
1Excludes migrations between wireless subscriber categories, including connected devices, and acquisition-related activity during the period. | ||||||||||||||||||||
6
Business Wireline
Business Wireline provides advanced ethernet-based fiber services, IP Voice and managed professional services, as well as our fixed wireless access product and traditional voice and data services and related equipment to business customers.
Business Wireline Results | ||||||||||||||||||||
Dollars in millions | ||||||||||||||||||||
Unaudited | First Quarter | Percent | ||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Operating Revenues | ||||||||||||||||||||
Service | $ | 4,700 | $ | 5,200 | (9.6) | % | ||||||||||||||
Equipment | 213 | 131 | 62.6 | % | ||||||||||||||||
Total Operating Revenues | 4,913 | 5,331 | (7.8) | % | ||||||||||||||||
Operating Expenses | ||||||||||||||||||||
Operations and support | 3,487 | 3,623 | (3.8) | % | ||||||||||||||||
Depreciation and amortization | 1,362 | 1,330 | 2.4 | % | ||||||||||||||||
Total Operating Expenses | 4,849 | 4,953 | (2.1) | % | ||||||||||||||||
Operating Income | $ | 64 | $ | 378 | (83.1) | % | ||||||||||||||
Operating Income Margin | 1.3 | % | 7.1 | % | (580) | BP |
7
Consumer Wireline
Consumer Wireline provides broadband services, including fiber connections that provide multi-gig services to residential customers in select locations and our fixed wireless access product that provides home internet services. Consumer Wireline also provides legacy telephony voice communication services.
Consumer Wireline Results | ||||||||||||||||||||
Dollars in millions | ||||||||||||||||||||
Unaudited | First Quarter | Percent | ||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Operating Revenues | ||||||||||||||||||||
Broadband | $ | 2,722 | $ | 2,527 | 7.7 | % | ||||||||||||||
Legacy voice and data services | 342 | 396 | (13.6) | % | ||||||||||||||||
Other service and equipment | 286 | 316 | (9.5) | % | ||||||||||||||||
Total Operating Revenues | 3,350 | 3,239 | 3.4 | % | ||||||||||||||||
Operating Expenses | ||||||||||||||||||||
Operations and support | 2,256 | 2,284 | (1.2) | % | ||||||||||||||||
Depreciation and amortization | 881 | 861 | 2.3 | % | ||||||||||||||||
Total Operating Expenses | 3,137 | 3,145 | (0.3) | % | ||||||||||||||||
Operating Income | $ | 213 | $ | 94 | — | % | ||||||||||||||
Operating Income Margin | 6.4 | % | 2.9 | % | 350 | BP | ||||||||||||||
Supplementary Operating Data | ||||||||||||||||||||
Subscribers and connections in thousands | ||||||||||||||||||||
Unaudited | March 31, | Percent | ||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Broadband Connections | ||||||||||||||||||||
Total Broadband and DSL Connections | 13,930 | 13,949 | (0.1) | % | ||||||||||||||||
Broadband1 | 13,784 | 13,730 | 0.4 | % | ||||||||||||||||
Fiber Broadband Connections | 8,559 | 7,487 | 14.3 | % | ||||||||||||||||
Voice Connections | ||||||||||||||||||||
Retail Consumer Switched Access Lines | 1,553 | 1,921 | (19.2) | % | ||||||||||||||||
Consumer VoIP Connections | 1,869 | 2,212 | (15.5) | % | ||||||||||||||||
Total Retail Consumer Voice Connections | 3,422 | 4,133 | (17.2) | % | ||||||||||||||||
1 Includes AT&T Internet Air | ||||||||||||||||||||
First Quarter | Percent | |||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Broadband Net Additions | ||||||||||||||||||||
Total Broadband and DSL Net Additions | 40 | (42) | — | % | ||||||||||||||||
Broadband Net Additions1 | 55 | (23) | — | % | ||||||||||||||||
Fiber Broadband Net Additions | 252 | 272 | (7.4) | % | ||||||||||||||||
1 Includes AT&T Internet Air | ||||||||||||||||||||
8
LATIN AMERICA SEGMENT
The segment provides wireless services and equipment to customers in Mexico.
Segment Results | ||||||||||||||||||||
Dollars in millions | ||||||||||||||||||||
Unaudited | First Quarter | Percent | ||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Operating Revenues | ||||||||||||||||||||
Wireless service | $ | 690 | $ | 591 | 16.8 | % | ||||||||||||||
Wireless equipment | 373 | 292 | 27.7 | % | ||||||||||||||||
Total Segment Operating Revenues | 1,063 | 883 | 20.4 | % | ||||||||||||||||
Operating Expenses | ||||||||||||||||||||
Operations and support | 883 | 738 | 19.6 | % | ||||||||||||||||
Depreciation and amortization | 177 | 175 | 1.1 | % | ||||||||||||||||
Total Segment Operating Expenses | 1,060 | 913 | 16.1 | % | ||||||||||||||||
Operating Income (Loss) | $ | 3 | $ | (30) | — | % | ||||||||||||||
Operating Income Margin | 0.3 | % | (3.4) | % | 370 | BP | ||||||||||||||
Supplementary Operating Data | ||||||||||||||||||||
Subscribers and connections in thousands | ||||||||||||||||||||
Unaudited | March 31, | Percent | ||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Mexico Wireless Subscribers | ||||||||||||||||||||
Postpaid | 5,352 | 4,973 | 7.6 | % | ||||||||||||||||
Prepaid | 16,742 | 16,146 | 3.7 | % | ||||||||||||||||
Reseller | 365 | 494 | (26.1) | % | ||||||||||||||||
Total Mexico Wireless Subscribers | 22,459 | 21,613 | 3.9 | % | ||||||||||||||||
First Quarter | Percent | |||||||||||||||||||
2024 | 2023 | Change | ||||||||||||||||||
Mexico Wireless Net Additions | ||||||||||||||||||||
Postpaid | 116 | 49 | — | % | ||||||||||||||||
Prepaid | 79 | (58) | — | % | ||||||||||||||||
Reseller | (52) | 19 | — | % | ||||||||||||||||
Total Mexico Wireless Net Additions | 143 | 10 | — | % | ||||||||||||||||
9
SUPPLEMENTAL SEGMENT RECONCILIATION
Three Months Ended | |||||||||||||||||
Dollars in millions | |||||||||||||||||
Unaudited | |||||||||||||||||
March 31, 2024 | |||||||||||||||||
Revenues | Operations and Support Expenses | EBITDA | Depreciation and Amortization | Operating Income (Loss) | |||||||||||||
Communications | |||||||||||||||||
Mobility | $ | 20,594 | $ | 11,639 | $ | 8,955 | $ | 2,487 | $ | 6,468 | |||||||
Business Wireline | 4,913 | 3,487 | 1,426 | 1,362 | 64 | ||||||||||||
Consumer Wireline | 3,350 | 2,256 | 1,094 | 881 | 213 | ||||||||||||
Total Communications | 28,857 | 17,382 | 11,475 | 4,730 | 6,745 | ||||||||||||
Latin America - Mexico | 1,063 | 883 | 180 | 177 | 3 | ||||||||||||
Segment Total | 29,920 | 18,265 | 11,655 | 4,907 | 6,748 | ||||||||||||
Corporate and Other | |||||||||||||||||
Corporate: | |||||||||||||||||
DTV-related retained costs | — | 134 | (134) | 120 | (254) | ||||||||||||
Parent administration support | — | 392 | (392) | 1 | (393) | ||||||||||||
Securitization fees | 26 | 165 | (139) | — | (139) | ||||||||||||
Value portfolio | 82 | 26 | 56 | 4 | 52 | ||||||||||||
Total Corporate | 108 | 717 | (609) | 125 | (734) | ||||||||||||
Certain significant items | — | 152 | (152) | 15 | (167) | ||||||||||||
Total Corporate and Other | 108 | 869 | (761) | 140 | (901) | ||||||||||||
AT&T Inc. | $ | 30,028 | $ | 19,134 | $ | 10,894 | $ | 5,047 | $ | 5,847 | |||||||
March 31, 2023 | |||||||||||||||||
Revenues | Operations and Support Expenses | EBITDA | Depreciation and Amortization | Operating Income (Loss) | |||||||||||||
Communications | |||||||||||||||||
Mobility | $ | 20,582 | $ | 12,213 | $ | 8,369 | $ | 2,098 | $ | 6,271 | |||||||
Business Wireline | 5,331 | 3,623 | 1,708 | 1,330 | 378 | ||||||||||||
Consumer Wireline | 3,239 | 2,284 | 955 | 861 | 94 | ||||||||||||
Total Communications | 29,152 | 18,120 | 11,032 | 4,289 | 6,743 | ||||||||||||
Latin America - Mexico | 883 | 738 | 145 | 175 | (30) | ||||||||||||
Segment Total | 30,035 | 18,858 | 11,177 | 4,464 | 6,713 | ||||||||||||
Corporate and Other | |||||||||||||||||
Corporate: | |||||||||||||||||
DTV-related retained costs | — | 169 | (169) | 144 | (313) | ||||||||||||
Parent administration support | (9) | 374 | (383) | 1 | (384) | ||||||||||||
Securitization fees | 19 | 121 | (102) | — | (102) | ||||||||||||
Value portfolio | 94 | 28 | 66 | 5 | 61 | ||||||||||||
Total Corporate | 104 | 692 | (588) | 150 | (738) | ||||||||||||
Certain significant items | — | (44) | 44 | 17 | 27 | ||||||||||||
Total Corporate and Other | 104 | 648 | (544) | 167 | (711) | ||||||||||||
AT&T Inc. | $ | 30,139 | $ | 19,506 | $ | 10,633 | $ | 4,631 | $ | 6,002 | |||||||
10