10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AT&T INC. | |||
Ticker: T Fiscal Year: 2021 | |||
Consolidated Statements Of Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 16, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating Revenues | |||
| Total operating revenues | $ 168,864 | 171,760 | 181,193 |
| Operating Expenses | |||
| Cost of revenues | |||
| Other cost of revenues (exclusive of depreciation and amortization shown separately below) | 31,232 | 32,909 | 34,356 |
| Selling, general and administrative | 37,944 | 38,039 | 39,422 |
| Asset impairments and abandonments | 4,904 | 18,880 | 1,458 |
| Depreciation and amortization | 22,862 | 28,516 | 28,217 |
| Total operating expenses | 145,517 | 165,355 | 153,238 |
| Operating Income (Loss) | 23,347 | 6,405 | 27,955 |
| Other Income (Expense) | |||
| Interest expense | (6,884) | (7,925) | (8,422) |
| Equity in net income of affiliates | 631 | 95 | 6 |
| Other income (expense) net | 9,853 | (1,431) | (1,071) |
| Total other income (expense) | 3,600 | (9,261) | (9,487) |
| Income (Loss) Before Income Taxes | 26,947 | (2,856) | 18,468 |
| Income tax expense | 5,468 | 965 | 3,493 |
| Net Income (Loss) | 21,479 | (3,821) | 14,975 |
| Less: Net Income Attributable to Noncontrolling Interest | (1,398) | (1,355) | (1,072) |
| Net Income (Loss) Attributable to AT&T | 20,081 | (5,176) | 13,903 |
| Less: Preferred Stock Dividends | (207) | (193) | (3) |
| Net Income (Loss) Attributable to Common Stock | 19,874 | (5,369) | 13,900 |
| Basic Earnings Per Share Attributable to Common Stock (in dollars per share) | 2.77 | (0.75) | 1.90 |
| Diluted Earnings Per Share Attributable to Common Stock (in dollars per share) | 2.76 | (0.75) | 1.89 |
| Product and Service | |||
| Service | |||
| Total operating revenues | 146,391 | 152,767 | 163,499 |
| Equipment | |||
| Total operating revenues | 22,473 | 18,993 | 17,694 |
| Cost of goods and services sold | 23,778 | 19,706 | 18,653 |
| Broadcast, programming and operations | |||
| Cost of goods and services sold | 24,797 | 27,305 | 31,132 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AT&T INC. | |||
Ticker: T Fiscal Year: 2021 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 16, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net income (loss) | $ 21,479 | (3,821) | 14,975 |
| Other comprehensive income (loss), net of tax: | |||
| Foreign Currency: | |||
| Translation adjustment (includes $(2), $(59) and $(9) attributable to noncontrolling interest), net of taxes of $(44), $(42) and $18 | (127) | (929) | 19 |
| Reclassification adjustment included in net income (loss), net of taxes of $204, $0 and $0 | 2,087 | 0 | 0 |
| Securities: | |||
| Net unrealized gains (losses), net of taxes of $(21), $27 and $17 | (63) | 78 | 50 |
| Reclassification adjustment included in net income (loss), net of taxes of $(1), $(5) and $0 | (3) | (15) | 0 |
| Derivative Instruments: | |||
| Net unrealized gains (losses), net of taxes of $(192), $(212) and $(240) | (715) | (811) | (900) |
| Reclassification adjustment included in net income (loss), net of taxes of $19, $18 and $12 | 72 | 69 | 45 |
| Defined benefit postretirement plans: | |||
| Net prior service (cost) credit arising during period, net of taxes of $(8), $735 and $1,134 | (34) | 2,250 | 3,457 |
| Amortization of net prior service credit included in net income (loss), net of taxes of $(660), $(601) and $(475) | (2,020) | (1,841) | (1,459) |
| Other comprehensive income (loss) | (803) | (1,199) | 1,212 |
| Total comprehensive income (loss) | 20,676 | (5,020) | 16,187 |
| Less: Total comprehensive income attributable to noncontrolling interest | (1,396) | (1,296) | (1,063) |
| Total Comprehensive Income (Loss) Attributable to AT&T | 19,280 | (6,316) | 15,124 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AT&T INC. | |||
Ticker: T Fiscal Year: 2021 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 16, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating Activities | |||
| Net income (loss) | $ 21,479 | (3,821) | 14,975 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 22,862 | 28,516 | 28,217 |
| Amortization of film and television costs | 11,006 | 8,603 | 9,587 |
| Distributed (undistributed) earnings from investments in equity affiliates | 184 | 38 | 295 |
| Provision for uncollectible accounts | 1,240 | 1,972 | 2,575 |
| Deferred income tax expense | 5,246 | 1,675 | 1,806 |
| Net (gain) loss on investments, net of impairments | (927) | (742) | (1,218) |
| Pension and postretirement benefit expense (credit) | (3,848) | (2,992) | (2,002) |
| Actuarial (gain) loss on pension and postretirement benefits | (4,140) | 4,169 | 5,171 |
| Asset impairments and abandonments | 4,904 | 18,880 | 1,458 |
| Changes in operating assets and liabilities: | |||
| Receivables | (634) | 2,216 | 2,812 |
| Other current assets, inventories and theatrical film and television production costs | (16,472) | (13,070) | (12,852) |
| Accounts payable and other accrued liabilities | 1,636 | (1,410) | (1,524) |
| Equipment installment receivables and related sales | (265) | (1,429) | 548 |
| Deferred customer contract acquisition and fulfillment costs | 52 | 376 | (910) |
| Postretirement claims and contributions | (822) | (985) | (1,008) |
| Other net | 456 | 1,134 | 738 |
| Total adjustments | 20,478 | 46,951 | 33,693 |
| Net Cash Provided by Operating Activities | 41,957 | 43,130 | 48,668 |
| Investing Activities | |||
| Capital expenditures | (16,527) | (15,675) | (19,635) |
| Acquisitions, net of cash acquired | (25,453) | (1,851) | (1,809) |
| Dispositions | 8,740 | 3,641 | 4,684 |
| Distributions from DIRECTV in excess of cumulative equity in earnings | 1,323 | 0 | 0 |
| Other net | (172) | 337 | 70 |
| Net Cash Used in Investing Activities | (32,089) | (13,548) | (16,690) |
| Financing Activities | |||
| Net change in short-term borrowings with original maturities of three months or less | 1,316 | (17) | (276) |
| Issuance of other short-term borrowings | 21,856 | 9,440 | 4,012 |
| Repayment of other short-term borrowings | (7,510) | (9,467) | (6,904) |
| Issuance of long-term debt | 9,931 | 31,988 | 17,039 |
| Repayment of long-term debt | (3,142) | (39,964) | (27,592) |
| Note payable to DIRECTV, net of payments of $459 | 1,341 | 0 | 0 |
| Payment of vendor financing | (4,596) | (2,966) | (3,050) |
| Issuance of preferred stock | 0 | 3,869 | 1,164 |
| Purchase of treasury stock | (202) | (5,498) | (2,417) |
| Issuance of treasury stock | 96 | 105 | 631 |
| Issuance of preferred interests in subsidiaries | 0 | 1,979 | 7,876 |
| Redemption of preferred interest in subsidiary | 0 | (1,950) | 0 |
| Dividends paid | (15,068) | (14,956) | (14,888) |
| Other net | (2,444) | (4,570) | (678) |
| Net Cash Provided by (Used in) Financing Activities | 1,578 | (32,007) | (25,083) |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 11,446 | (2,425) | 6,895 |
| Cash and cash equivalents and restricted cash beginning of year | 9,870 | 12,295 | |
| Cash and Cash Equivalents and Restricted Cash End of Year | 21,316 | 9,870 | 12,295 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AT&T INC. | ||
Ticker: T Fiscal Year: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 16, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $ 21,169 | 9,740 |
| Accounts receivable net of related allowance for credit loss of $771 and $1,221 | 17,571 | 20,215 |
| Inventories | 3,464 | 3,695 |
| Prepaid and other current assets | 17,793 | 18,358 |
| Total current assets | 59,997 | 52,008 |
| Noncurrent Inventories and Theatrical Film and Television Production Costs | 18,983 | 14,752 |
| Property, Plant and Equipment Net | 125,904 | 127,315 |
| Goodwill | 133,223 | 135,259 |
| Licenses Net | 113,830 | 93,840 |
| Other Intangible Assets Net | 11,783 | 15,386 |
| Investments in and Advances to Equity Affiliates | 7,274 | 1,780 |
| Operating Lease Right-Of-Use Assets | 24,180 | 24,714 |
| Other Assets | 22,568 | 23,617 |
| Total Assets | 551,622 | 525,761 |
| Liabilities and Stockholders Equity | ||
| Current Liabilities | ||
| Debt maturing within one year | 24,630 | 3,470 |
| Note payable to DIRECTV | 1,245 | 0 |
| Accounts payable and accrued liabilities | 50,661 | 50,051 |
| Advanced billings and customer deposits | 5,303 | 6,176 |
| Dividends payable | 3,749 | 3,741 |
| Total current liabilities | 85,588 | 63,438 |
| Long-Term Debt | 152,724 | 153,775 |
| Deferred Credits and Other Noncurrent Liabilities | ||
| Deferred income taxes | 65,226 | 60,472 |
| Postemployment benefit obligation | 12,649 | 18,276 |
| Operating lease liabilities | 21,261 | 22,202 |
| Other noncurrent liabilities | 30,223 | 28,358 |
| Due to Related Parties, Noncurrent | 96 | 0 |
| Total deferred credits and other noncurrent liabilities | 129,455 | 129,308 |
| Stockholders Equity | ||
| Common stock ($1 par value, 14,000,000,000 authorized at December 31, 2021 and December 31, 2020: issued 7,620,748,598 at December 31, 2021 and December 31, 2020) | 7,621 | 7,621 |
| Additional paid-in capital | 130,112 | 130,175 |
| Retained earnings | 42,350 | 37,457 |
| Treasury stock (479,684,705 at December 31, 2021 and 494,826,583 at December 31, 2020, at cost) | (17,280) | (17,910) |
| Accumulated other comprehensive income | 3,529 | 4,330 |
| Noncontrolling interest | 17,523 | 17,567 |
| Total stockholders equity | 183,855 | 179,240 |
| Total Liabilities and Stockholders Equity | 551,622 | 525,761 |
| Finite-Lived Intangible Assets by Major Class | ||
| Trademarks And Trade Names - Net | ||
| Finite-Lived Intangible Assets - Net | 21,938 | 23,297 |
| Distribution Networks Net | ||
| Finite-Lived Intangible Assets - Net | 11,942 | 13,793 |
| Class of Stock | ||
| Series A (48,000 issued and outstanding at December 31, 2021 and December 31, 2020) | ||
| Preferred stock ($1 par value, 10,000,000 authorized at December 31, 2021 and December 31, 2020): | 0 | 0 |
| Series B (20,000 issued and outstanding at December 31, 2021 and December 31, 2020) | ||
| Preferred stock ($1 par value, 10,000,000 authorized at December 31, 2021 and December 31, 2020): | 0 | 0 |
| Series C (70,000 issued and outstanding at December 31, 2021 and December 31, 2020) | ||
| Preferred stock ($1 par value, 10,000,000 authorized at December 31, 2021 and December 31, 2020): | 0 | 0 |
| External Links | |
| AT&T INC. (T) Fiscal Year 2021 | |
| 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 |