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: 2020 | |||
Consolidated Statements Of Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating Revenues | |||
| Total operating revenues | $ 171,760 | 181,193 | 170,756 |
| Operating Expenses | |||
| Cost of revenues | |||
| Other cost of revenues (exclusive of depreciation and amortization shown separately below) | 32,909 | 34,356 | 32,906 |
| Selling, general and administrative | 38,039 | 39,422 | 36,765 |
| Asset impairments and abandonments | 18,880 | 1,458 | 46 |
| Depreciation and amortization | 28,516 | 28,217 | 28,430 |
| Total operating expenses | 165,355 | 153,238 | 144,660 |
| Operating Income (Loss) | 6,405 | 27,955 | 26,096 |
| Other Income (Expense) | |||
| Interest expense | (7,925) | (8,422) | (7,957) |
| Equity in net income (loss) of affiliates | 95 | 6 | (48) |
| Other income (expense) net | (1,431) | (1,071) | 6,782 |
| Total other income (expense) | (9,261) | (9,487) | (1,223) |
| Income (Loss) Before Income Taxes | (2,856) | 18,468 | 24,873 |
| Income tax expense | 965 | 3,493 | 4,920 |
| Net Income (Loss) | (3,821) | 14,975 | 19,953 |
| Less: Net Income Attributable to Noncontrolling Interest | (1,355) | (1,072) | (583) |
| Net Income (Loss) Attributable to AT&T | (5,176) | 13,903 | 19,370 |
| Less: Preferred Stock Dividends | (193) | (3) | 0 |
| Net Income (Loss) Attributable to Common Stock | (5,369) | 13,900 | 19,370 |
| Basic Earnings Per Share Attributable to Common Stock (in dollars per share) | (0.75) | 1.90 | 2.85 |
| Diluted Earnings Per Share Attributable to Common Stock (in dollars per share) | (0.75) | 1.89 | 2.85 |
| Product and Service | |||
| Service | |||
| Total operating revenues | 152,767 | 163,499 | 152,345 |
| Equipment | |||
| Total operating revenues | 18,993 | 17,694 | 18,411 |
| Cost of goods and services sold | 19,706 | 18,653 | 19,786 |
| Broadcast, programming and operations | |||
| Cost of goods and services sold | 27,305 | 31,132 | 26,727 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AT&T INC. | |||
Ticker: T Fiscal Year: 2020 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net income (loss) | $ (3,821) | 14,975 | 19,953 |
| Other comprehensive income (loss), net of tax: | |||
| Foreign Currency: | |||
| Translation adjustment (includes $(59), $(9) and $(32) attributable to noncontrolling interest), net of taxes of $(42), $18 and $(45) | (929) | 19 | (1,062) |
| Securities: | |||
| Net unrealized gains (losses), net of taxes of $27, $17 and $(1) | 78 | 50 | (4) |
| Reclassification adjustment included in net income, net of taxes of $(5), $0 and $0 | (15) | 0 | 0 |
| Derivative Instruments: | |||
| Net unrealized gains (losses), net of taxes of $(212), $(240) and $(156) | (811) | (900) | |
| Net unrealized gains (losses), net of taxes of $(212), $(240) and $(156) | (597) | ||
| Reclassification adjustment included in net income, net of taxes of $18, $12 and $6 | 69 | 45 | |
| Reclassification adjustment included in net income, net of taxes of $18, $12 and $6 | 13 | ||
| Defined benefit postretirement plans: | |||
| Net prior service credit arising during period, net of taxes of $735, $1,134 and $271 | 2,250 | 3,457 | 830 |
| Amortization of net prior service credit included in net income, net of taxes of $(601), $(475) and $(431) | (1,841) | (1,459) | (1,322) |
| Other comprehensive income (loss) | (1,199) | 1,212 | (2,142) |
| Total comprehensive income (loss) | (5,020) | 16,187 | 17,811 |
| Less: Total comprehensive income attributable to noncontrolling interest | (1,296) | (1,063) | (551) |
| Total Comprehensive Income (Loss) Attributable to AT&T | (6,316) | 15,124 | 17,260 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AT&T INC. | |||
Ticker: T Fiscal Year: 2020 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating Activities | |||
| Net income (loss) | $ (3,821) | 14,975 | 19,953 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 28,516 | 28,217 | 28,430 |
| Amortization of film and television costs | 8,603 | 9,587 | 3,772 |
| Undistributed earnings from investments in equity affiliates | 38 | 295 | 292 |
| Provision for uncollectible accounts | 1,972 | 2,575 | 1,791 |
| Deferred income tax expense | 1,675 | 1,806 | 4,931 |
| Net (gain) loss on investments, net of impairments | (742) | (1,218) | (739) |
| Pension and postretirement benefit expense (credit) | (2,992) | (2,002) | (1,148) |
| Actuarial (gain) loss on pension and postretirement benefits | 4,169 | 5,171 | (3,412) |
| Asset impairments and abandonments | 18,880 | 1,458 | 46 |
| Changes in operating assets and liabilities: | |||
| Receivables | 2,216 | 2,812 | (1,580) |
| Other current assets, inventories and theatrical film and television production costs | (13,070) | (12,852) | (6,442) |
| Accounts payable and other accrued liabilities | (1,410) | (1,524) | 1,602 |
| Equipment installment receivables and related sales | (1,429) | 548 | (490) |
| Deferred customer contract acquisition and fulfillment costs | 376 | (910) | (3,458) |
| Postretirement claims and contributions | (985) | (1,008) | (936) |
| Other - net | 1,134 | 738 | 990 |
| Total adjustments | 46,951 | 33,693 | 23,649 |
| Net Cash Provided by Operating Activities | 43,130 | 48,668 | 43,602 |
| Investing Activities | |||
| Capital expenditures, including $(123), $(200) and $(493) of interest during construction | (15,675) | (19,635) | (21,251) |
| Acquisitions, net of cash acquired | (1,851) | (1,809) | (43,309) |
| Dispositions | 3,641 | 4,684 | 2,148 |
| (Purchases), sales and settlement of securities and investments, net | 497 | 435 | (183) |
| Advances to and investments in equity affiliates, net | (160) | (365) | (1,050) |
| Cash collections of deferred purchase price | 0 | 0 | 500 |
| Net Cash Used in Investing Activities | (13,548) | (16,690) | (63,145) |
| Financing Activities | |||
| Net change in short-term borrowings with original maturities of three months or less | (17) | (276) | (821) |
| Issuance of other short-term borrowings | 9,440 | 4,012 | 4,898 |
| Repayment of other short-term borrowings | (9,467) | (6,904) | (2,098) |
| Issuance of long-term debt | 31,988 | 17,039 | 41,875 |
| Repayment of long-term debt | (39,964) | (27,592) | (52,643) |
| Payment of vendor financing | (2,966) | (3,050) | (560) |
| Issuance of preferred stock | 3,869 | 1,164 | 0 |
| Purchase of treasury stock | (5,498) | (2,417) | (609) |
| Issuance of treasury stock | 105 | 631 | 745 |
| Issuance of preferred interests in subsidiaries | 1,979 | 7,876 | 0 |
| Redemption of preferred interest in subsidiary | (1,950) | 0 | 0 |
| Dividends paid | (14,956) | (14,888) | (13,410) |
| Other - net | (4,570) | (678) | (3,366) |
| Net Cash Used in Financing Activities | (32,007) | (25,083) | (25,989) |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (2,425) | 6,895 | (45,532) |
| Cash and cash equivalents and restricted cash beginning of year | 12,295 | 5,400 | |
| Cash and Cash Equivalents and Restricted Cash End of Year | 9,870 | 12,295 | 5,400 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AT&T INC. | ||
Ticker: T Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $ 9,740 | 12,130 |
| Accounts receivable - net of related allowance for credit loss of $1,221 and $1,235 | 20,215 | 22,636 |
| Prepaid expenses | 1,822 | 1,631 |
| Other current assets | 20,231 | 18,364 |
| Total current assets | 52,008 | 54,761 |
| Noncurrent Inventories and Theatrical Film and Television Production Costs | 14,752 | 12,434 |
| Property, Plant and Equipment Net | 127,315 | 130,128 |
| Goodwill | 135,259 | 146,241 |
| Licenses Net | 93,840 | 97,907 |
| Other Intangible Assets Net | 15,386 | 20,798 |
| Investments in and Advances to Equity Affiliates | 1,780 | 3,695 |
| Operating Lease Right-Of-Use Assets | 24,714 | 24,039 |
| Other Assets | 23,617 | 22,754 |
| Total Assets | 525,761 | 551,669 |
| Liabilities and Stockholders Equity | ||
| Current Liabilities | ||
| Debt maturing within one year | 3,470 | 11,838 |
| Accounts payable and accrued liabilities | 49,032 | 45,956 |
| Advanced billings and customer deposits | 6,176 | 6,124 |
| Accrued taxes | 1,019 | 1,212 |
| Dividends payable | 3,741 | 3,781 |
| Total current liabilities | 63,438 | 68,911 |
| Long-Term Debt | 153,775 | 151,309 |
| Deferred Credits and Other Noncurrent Liabilities | ||
| Deferred income taxes | 60,472 | 59,502 |
| Postemployment benefit obligation | 18,276 | 18,788 |
| Operating lease liabilities | 22,202 | 21,804 |
| Other noncurrent liabilities | 28,358 | 29,421 |
| Total deferred credits and other noncurrent liabilities | 129,308 | 129,515 |
| Stockholders Equity | ||
| Common stock ($1 par value, 14,000,000,000 authorized at December 31, 2020 and December 31, 2019: issued 7,620,748,598 at December 31, 2020 and December 31, 2019) | 7,621 | 7,621 |
| Additional paid-in capital | 130,175 | 126,279 |
| Retained earnings | 37,457 | 57,936 |
| Treasury stock (494,826,583 at December 31, 2020 and 366,193,458 at December 31, 2019, at cost) | (17,910) | (13,085) |
| Accumulated other comprehensive income | 4,330 | 5,470 |
| Noncontrolling interest | 17,567 | 17,713 |
| Total stockholders equity | 179,240 | 201,934 |
| Total Liabilities and Stockholders Equity | 525,761 | 551,669 |
| Finite-Lived Intangible Assets by Major Class | ||
| Trademarks And Trade Names - Net | ||
| Finite-Lived Intangible Assets - Net | 23,297 | 23,567 |
| Distribution Networks Net | ||
| Finite-Lived Intangible Assets - Net | 13,793 | 15,345 |
| Class of Stock | ||
| Series A (48,000 issued and outstanding at December 31, 2020 and December 31, 2019) | ||
| Preferred stock ($1 par value, 10,000,000 authorized): | 0 | 0 |
| Series B (20,000 issued and outstanding at December 31, 2020 and 0 issued and outstanding at December 31, 2019) | ||
| Preferred stock ($1 par value, 10,000,000 authorized): | 0 | 0 |
| Series C (70,000 issued and outstanding at December 31, 2020 and 0 issued and outstanding at December 31, 2019) | ||
| Preferred stock ($1 par value, 10,000,000 authorized): | 0 | 0 |
| External Links | |
| AT&T INC. (T) Fiscal Year 2020 | |
| 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 |