John J. Stephens
and on us Thanks, for the today. call thanks Mike, joining
slide begin financial which me X. summary, Let is our on with
changes not income receivables. adopting our recognition, some and cash and revenue installment income with in a receipts the by other quarter. not they with with on quarter, items These it record million $XXX this And issues on As new have now required deal revenues last more to reported connection but how for standard new around mentioned accounting the regulatory reduce taxes. These fees operating in consistent or pass-through have instruments, our pension net adopt standards quarter will we reporting and on revenue little month, last net standards costs, than – statements noted accounting both a will will several recognition, the flows. change filed financial impact will sales on new X-K specific other AT&T Universal traditionally was This we income this basis, and year. expenses impact like Service company and cash
In addition providing the recognition. to financials understand from impact on you results GAAP, help better we're revenue historical comparable to
will these results this call. and as video, quarter net reform adds, we our transition broadband years significant our We and comparisons our opportunity in in customer X be postpaid us in business. to drove year-over-year base. to in investments referring historical second-highest the These during grow Tax TV growth gave improvement invest a the solid phone
of in quarter adjusted year quarter of from year $X.XX basis, a recognition, reform pressure up in instrument down the reported small but EPS was revenue costs with tax the investing reporting benefits on margins Our the for were operating amount customer base offsetting the consolidated and about rules. a new growing $X.XX, a our and Adjusted up financial on over comparable basis. from
time, did we video wireline quarter Our international. drove to over-the-top same margin from business at But transition in of activities services. pressure linear continued and did as this we saw, increased sales of the the see improvements much
impact to Next, results equipment legacy accounting strategic low-margin and let's $XX.X and flow cash Cash receivables, billion, so standard cover the revenue, show down revenues businesses. have decision installment the some flow comparable. to partially with pursue year offset statements new impact longer no recast the from our declines which ago. of are been Higher year-over-year service services, a was ongoing transition wireless the in video of
holiday employee upgrade impacted The the bonus including from handset traditionally season continuing different. than first and payment the gross fourth the free our flow larger no cash lowest year a items quarter. strong flow, first very light free annual into quarter add quarter quarter program, our usual is this the in is and cash and performance Several during
the on change. still a guidance pressure pressure the of year. you unreimbursed cash this free the had flow act we $X.X in free in some late tax quarter. of tax in range That plans was reform flow included Offsetting the which passage expenditures also December quarter. guidance receivables spending to the of of this meet We $XX FirstNet billion January. in received We're gave refund we cash the in last billion generated the from quarter, accounting in was was by the first Capital
Let's operations, between X. the operations, Mobility, segments. slide Those starting know, with and growth. Business in details domestic the customer now take are our you at Mobility Consumer Solutions as a AT&T's solid on look where team divided turned are Wireless
essentially first its purposes, a improvement than XXX,XXX, throughout by the phones smartphone strong expect customers. on grow. than we're XXX,XXX sequentially. for customer sales, in Postpaid revenues positive our now more that quarter, service a are for runs turnaround X% the activity team were full thanks prepaid increased the we'll churn management Prepaid had also more will strong, our we information our compared in its in year Congrats than year basis. our up losses year year-over-year Altogether, end improvement domestic total showed connected about base providing Churn revenues There in flat continued base both comparison resellers. than a while is confident in to postpaid total that's of the a that to new service two with reasons smartphone XXX,XXX were topping last ago today, the wireless to than we helped phone and over in more sequentially. sales million devices, came Strong the quarters. our still first improving that phone And and another We're XX is quarter, helped Cricket keeps X.X offsetting subscribers, year Revenues for year more comparable Cricket. by record branded with million X of be quarter supplemental usually that's that. new nearly X.XX%, had And gains drive and phone million quarter. postpaid, postpaid adds. U.S. phone several more adds the and which quiet We operations. subscribers, in low improve quarter subscribers, net XXX,XXX net improving. For
compare the First, year toughest adding We're rapid we're and devices, unlimited that year-over-year the introduction of ago. a we stabilizing. new the now Recent prepaid came will connected through lap product and rates, also reseller plans pressure quarter as help. the is subscribers offerings at out in first from postpaid,
X%, impact than service last about year. of a over basis. margins comparable in XXX,XXX activity at was year, an Our increased strong by XX.X% on and That's sales which came upgrades higher margins. still smartphone year upgrade also rate X. adds had gross Postpaid on an
bundled confidence most to than smartphones base. increased very with than to the services. strategy carefully are bundling increased continue a a the number services of base existing overall to solid single-service broadband Postpaid customers invest significantly years. time, encouraging long-term in have and customer video smartphone are These with results X.X customers. same growing lower That's smartphones have their the at five our clip, churn the our to same continues the our are At our wireless improve million These gives valuable and us million phone domestic churn and Mobility customers branded almost Our growth base. with pay in also growing in by two X by Prepaid million off. build our more last in timeframe.
NOW Group Now solid of seen helped broadband Total subscriber take impact X.X slide bundles us growth XXX,XXX TV look DIRECTV its video linear Group results. in in to in can a and to of manage NOW were quarter, the subs Entertainment This Entertainment grew. customers let's over-the-top at positive service. on X. services. and DTV our our us the nearly industry-wide has of results be first ability over-the-top subscribers More our run The continued added broadband than TV and growth. services customers, connections video giving promotions transition bundle million all
help time Looking beta increasing DVR Later when and capabilities significantly at more pressure especially of year, cutting margin years product we're did this because subs, have This subscriber cost a this of time are expect new we more The the also and total DIRECTV customers are cord. at about capital DIRECTV video per interface ago success to options revenue new that our time video pay-per-view with through Transitions we're expect We a out We right new we over-the-top and will This such revenue the never today and stream NOW. industry year, the video be this be this, or important we're testing low supports that and now expect experience from revenue to with. manage lower our services. robust an the some soon. especially wireless cloud-based excited add services less additional we account. different. expect able as and don't pressure two These as has be to is is it'd streams new seeing to NOW's broadband subscribers with any roll investment. user and whether touch, released. is have we than and actually of we easy, or do shown we dealing and improvement model again, acquisition VOD counter but pressure but voice do this margin
DSL momentum we to ago, are legacy That drive This transition adds so XX,XXX the residential We customers broadband are to four As DSL. DSL on X.X are broadband million broadband net managing about we our favorably IP XXX,XXX and has compares adds. of transition, net this we broadband. manage for the transition. helped us. completing total from growing legacy broadband quarter XXX,XXX just high-speed our years through customers had in very over-the-top About broadband still
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Solutions look at let's slide X. Now Business results on
down activity from X% in service that revenues were over we recent trend we comes tax saw year flat. is with services. an wireline buy wireless encouraging, revenues in fourth Wireless and been who as a reminder, plan from financials down Mobility. legacy moved specifically were As been subscribers strategic declines were have to Historical gains nearly helped revenues up slightly, Solutions revenues were similar what to that wireless reform. year, see Business any and subscribers essentially company improvement expected bump while services up quarters X%. Equipment Business before wireless have quarter. over change. business and Consumer sales, Wireline a the this increased improving revenues and in Solutions business reflect with This might off offset were to about in recast individual
in over Another positive expense improvement were year a or EBITDA functions margins our continues where on XXXX, to end a than by XX% XX% were virtualized virtualized and basis. move team a initiatives. also to see virtualized More up well by cost is the job software-defined we our grew significant XXXX. to of points network of at meet goal year of expect wireline year, business great do in have the management to operating this The virtualized to driving the exceed our comparative our from network. XX% and on end basis margins, savings We're way beginning XXX of
in strength Subscriber subscribers up to revenues Mexico. profitable of operations million Without be to and more cash And now Latin in satellite reported Our positive in first slide gains the new in up continue thanks have a We strong another Nextel. more growth inherited continues quarter results service These improvements to strong quarter, down the our than Latin were thanks in roughly wholesale million X. flow. to slightly solid America turned generate down in bottom that was and be were were XXX,XXX at Mexico. revenue international are than $XX customers than X from year and total. business decision million due in shut past Mexico. also X%. EBITDA Revenues up and significantly, in year revenues in revenues, our added the America more reduction to free Reported to that year. service we XX.X quarter business over
for market just cash Latin and ways trade, rates, our increasing to to explored the and market few ended free foreign properties, properties for quarters, all played and flow. conditions our a last was part. it America our both profitability volatility steady value for issuing withdrawing interest a been optionality. time exchange possibility video us, We their to Latin Over of offer. contributing but the played IPO America continue DIRECTV Current investors unlock an We'll we look those of performer has right believe up DIRECTV didn't obviously while for transact. the role, the
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