10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AT&T INC. | |||
Ticker: T Fiscal Year: 2019 | |||
Consolidated Statements Of Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 20, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Operating Revenues | |||
| Total operating revenues | $ 181,193 | 170,756 | 160,546 |
| Operating Expenses | |||
| Other cost of revenues (exclusive of depreciation and amortization shown separately below) | 34,356 | 32,906 | 37,942 |
| Selling, general and administrative | 39,422 | 36,765 | 35,465 |
| Asset abandonments and impairments | 1,458 | 46 | 2,914 |
| Depreciation and amortization | 28,217 | 28,430 | 24,387 |
| Total operating expenses | 153,238 | 144,660 | 140,576 |
| Operating Income | 27,955 | 26,096 | 19,970 |
| Other Income (Expense) | |||
| Interest expense | (8,422) | (7,957) | (6,300) |
| Equity in net income (loss) of affiliates | (6) | 48 | 128 |
| Other income (expense) - net | (1,071) | 6,782 | 1,597 |
| Total other income (expense) | (9,487) | (1,223) | (4,831) |
| Income Before Income Taxes | 18,468 | 24,873 | 15,139 |
| Income tax (benefit) expense | 3,493 | 4,920 | (14,708) |
| Net Income | 14,975 | 19,953 | 29,847 |
| Less: Net Income Attributable to Noncontrolling Interest | (1,072) | (583) | (397) |
| Net Income Attributable to AT&T | 13,903 | 19,370 | 29,450 |
| Less: Preferred Stock Dividends | (3) | 0 | 0 |
| Net Income Attributable to Common Stock | 13,900 | 19,370 | 29,450 |
| Basic Earnings Per Share Attributable to Common Stock | 1.90 | 2.85 | 4.77 |
| Diluted Earnings Per Share Attributable to Common Stock | 1.89 | 2.85 | 4.76 |
| Products and Services | |||
| Service | |||
| Total operating revenues | 163,499 | 152,345 | 145,597 |
| Equipment | |||
| Total operating revenues | 17,694 | 18,411 | 14,949 |
| Cost of Goods and Services Sold | 18,653 | 19,786 | 18,709 |
| Broadcast, programming and operations | |||
| Cost of Goods and Services Sold | 31,132 | 26,727 | 21,159 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AT&T INC. | |||
Ticker: T Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 20, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net Income | $ 14,975 | 19,953 | 29,847 |
| Other comprehensive income, net of tax: | |||
| Foreign Currency: | |||
| Translation adjustment (includes $(9), $(32) and $(5) attributable to noncontrolling interest), net of taxes of $18, $(45) and $123 | 19 | (1,062) | 15 |
| Securities: | |||
| Net unrealized gains (losses), net of taxes of $17, $(1) and $109 | 50 | (4) | 187 |
| Reclassification adjustment included in net income, net of taxes of $0, $0 and $(117) | 0 | 0 | (185) |
| Derivative Instruments: | |||
| Net unrealized gains (losses), net of taxes of $(240), $(156) and $200 | (900) | (597) | 371 |
| Reclassification adjustment included in net income, net of taxes of $12, $6 and $21 | 45 | 13 | 39 |
| Defined benefit postretirement plans: | |||
| Net prior service credit arising during period, net of taxes of $1,134, $271 and $675 | 3,457 | 830 | 1,083 |
| Amortization of net prior service credit included in net income, net of taxes of $(475), $(431) and $(604) | (1,459) | (1,322) | (988) |
| Other comprehensive income (loss) | 1,212 | (2,142) | 522 |
| Total comprehensive Income | 16,187 | 17,811 | 30,369 |
| Less: Total comprehensive income attributable to noncontrolling interest | (1,063) | (551) | (392) |
| Total Comprehensive Income Attributable to AT&T | 15,124 | 17,260 | 29,977 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AT&T INC. | |||
Ticker: T Fiscal Year: 2019 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 20, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Operating Activities | |||
| Net Income | $ 14,975 | 19,953 | 29,847 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 28,217 | 28,430 | 24,387 |
| Amortization of film and television costs | 9,587 | 3,772 | 0 |
| Undistributed earnings from investments in equity affiliates | 295 | 292 | 174 |
| Provision for uncollectible accounts | 2,575 | 1,791 | 1,642 |
| Deferred income tax expense (benefit) | 1,806 | 4,931 | (15,265) |
| Net (gain) loss from sale of investments, net of impairments | (1,218) | (739) | (282) |
| Pension and postretirement benefit expense (credit) | (2,002) | (1,148) | (1,031) |
| Actuarial (gain) loss on pension and postretirement benefits | 5,171 | (3,412) | 1,258 |
| Asset abandonments and impairments | 1,458 | 46 | 2,914 |
| Changes in operating assets and liabilities: | |||
| Receivable | 2,812 | (1,580) | (986) |
| Other current assets inventories and theatrical film and television production costs | (12,852) | (6,442) | (778) |
| Accounts payable and other accrued liabilities | (1,524) | 1,602 | 816 |
| Equipment installment receivables and related sales | 548 | (490) | (1,239) |
| Deferred customer contract acquisition and fulfillment costs | (910) | (3,458) | (1,422) |
| Postretirement claims and contributions | (1,008) | (936) | (2,064) |
| Other - net | 738 | 990 | 39 |
| Total adjustments | 33,693 | 23,649 | 8,163 |
| Net Cash Provided by Operating Activities | 48,668 | 43,602 | 38,010 |
| Investing Activities | |||
| Purchase of property and equipment | (19,435) | (20,758) | (20,647) |
| Interest during construction | (200) | (493) | (903) |
| Acquisitions, net of cash acquired | (1,809) | (43,309) | 1,123 |
| Disposition | 4,684 | 2,148 | 59 |
| (Purchases) sales and settlement of of securities and investments, net | 435 | (183) | 449 |
| Advances to and investments in equity affiliates | (365) | (1,050) | 0 |
| Cash collections of deferred purchase price | 0 | 500 | 976 |
| Net Cash Used in Investing Activities | (16,690) | (63,145) | (18,943) |
| Financing Activities | |||
| Net change in short-term borrowings with original maturities of three months or less | (276) | (821) | (2) |
| Issuance of other short-term borrowings | 4,012 | 4,898 | 0 |
| Repayment of other short-term borrowings | (6,904) | (2,098) | 0 |
| Issuance of long-term debt | 17,039 | 41,875 | 48,793 |
| Repayment of long-term debt | (27,592) | (52,643) | (12,339) |
| Payment of vendor financing | (3,050) | (560) | (572) |
| Issuance of preferred stock | 1,164 | 0 | 0 |
| Purchase of treasury stock | (2,417) | (609) | (463) |
| Issuance of treasury stock | 631 | 745 | 33 |
| Issuance of preferred interest in subsidiary | 7,876 | 0 | 0 |
| Dividends paid | (14,888) | (13,410) | (12,038) |
| Other | (678) | (3,366) | 2,518 |
| Net Cash (Used in) Provided by Financing Activities | (25,083) | (25,989) | 25,930 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 6,895 | (45,532) | 44,997 |
| Cash and cash equivalents and restricted cash beginning of year | 5,400 | 50,932 | |
| Cash and Cash Equivalents and Restricted Cash End of Year | 12,295 | 5,400 | 50,932 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AT&T INC. | ||
Ticker: T Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 20, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $ 12,130 | 5,204 |
| Accounts receivable - net of allowances for doubtful accounts of $1,235 and $907 | 22,636 | 26,472 |
| Prepaid expenses | 1,631 | 2,047 |
| Other current assets | 18,364 | 17,704 |
| Total current assets | 54,761 | 51,427 |
| Noncurrent inventories and theatrical film and television production costs | 12,434 | 7,713 |
| Property, Plant and Equipment - Net | 130,128 | 131,473 |
| Goodwill | 146,241 | 146,370 |
| Licenses - Net | 97,907 | 96,144 |
| Indefinite-Lived Intangible Assets (Excluding Goodwill) | 101,392 | 102,418 |
| Other Intangible Assets - Net | 20,798 | 26,269 |
| Investments In and Advances to Equity Affiliates | 3,695 | 6,245 |
| Operating lease right-of-use assets | 24,039 | 0 |
| Other Assets | 22,754 | 24,809 |
| Total Assets | 551,669 | 531,864 |
| Liabilities and Stockholders' Equity | ||
| Current Liabilities | ||
| Debt maturing within one year | 11,838 | 10,255 |
| Accounts payable and accrued liabilities | 45,956 | 43,184 |
| Advanced billings and customer deposits | 6,124 | 5,948 |
| Accrued taxes | 1,212 | 1,179 |
| Dividends payable | 3,781 | 3,854 |
| Total current liabilities | 68,911 | 64,420 |
| Long-Term Debt | 151,309 | 166,250 |
| Deferred Credits and Other Noncurrent Liabilities | ||
| Deferred income taxes | 59,502 | 57,859 |
| Postemployment benefit obligation | 18,788 | 19,218 |
| Operating lease liabilities | 21,804 | 0 |
| Other noncurrent liabilities | 29,421 | 30,233 |
| Total deferred credits and other noncurrent liabilities | 129,515 | 107,310 |
| Stockholders' Equity | ||
| 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 | 0 | 0 |
| 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 December 31, 2018) | 7,621 | 7,621 |
| Additional paid-in capital | 126,279 | 125,525 |
| Retained earnings | 57,936 | 58,753 |
| Treasury stock (366,193,458 at December 31, 2019 and 339,120,073 at December 31, 2018, at cost) | (13,085) | (12,059) |
| Accumulated other comprehensive income | 5,470 | 4,249 |
| Noncontrolling interest | 17,713 | 9,795 |
| Total stockholders' equity | 201,934 | 193,884 |
| Total Liabilities and Stockholders' Equity | 551,669 | 531,864 |
| Indefinite-lived Intangible Assets | ||
| Trademarks And Tradenames - Net | ||
| Indefinite-Lived Intangible Assets (Excluding Goodwill) | 23,567 | 24,345 |
| Distribution Networks - Net | ||
| Indefinite-Lived Intangible Assets (Excluding Goodwill) | 15,345 | 17,069 |
| External Links | |
| AT&T INC. (T) Fiscal Year 2019 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |