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: 2022 | |||
Consolidated Statements Of Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 13, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating Revenues | |||
| Total operating revenues | $ 120,741 | 134,038 | 143,050 |
| Operating Expenses | |||
| Cost of revenues | |||
| Other cost of revenues (exclusive of depreciation and amortization shown separately below) | 26,839 | 28,616 | 29,989 |
| Selling, general and administrative | 28,961 | 29,669 | 30,817 |
| Asset impairments and abandonments and restructuring | 27,498 | 213 | 15,687 |
| Depreciation and amortization | 18,021 | 17,852 | 22,523 |
| Total operating expenses | 125,328 | 108,141 | 134,678 |
| Operating Income (Loss) | (4,587) | 25,897 | 8,372 |
| Other Income (Expense) | |||
| Interest Expense | (6,108) | (6,716) | (7,727) |
| Equity in net income of affiliates | 1,791 | 603 | 89 |
| Other income (expense) net | 5,810 | 9,387 | (1,088) |
| Total other income (expense) | 1,493 | 3,274 | (8,726) |
| Income (Loss) from Continuing Operations Before Income Taxes | (3,094) | 29,171 | (354) |
| Income tax expense on continuing operations | 3,780 | 5,395 | 1,168 |
| Income (Loss) from Continuing Operations | (6,874) | 23,776 | (1,522) |
| Loss from discontinued operations, net of tax | (181) | (2,297) | (2,299) |
| Net Income (Loss) | (7,055) | 21,479 | (3,821) |
| Less: Net Income Attributable to Noncontrolling Interest | (1,469) | (1,398) | (1,355) |
| Net Income (Loss) Attributable to AT&T | (8,524) | 20,081 | (5,176) |
| Less: Preferred Stock Dividends | (203) | (207) | (193) |
| Net Income (Loss) Attributable to Common Stock | (8,727) | 19,874 | (5,369) |
| Basic Earnings (Loss) Per Share from continuing operations | (1.10) | 3.07 | (0.45) |
| Basic Loss Per Share from discontinued operations | (0.03) | (0.30) | (0.30) |
| Basic Earnings (Loss) Per Share Attributable to Common Stock | (1.13) | 2.77 | (0.75) |
| Diluted Earnings (Loss) Per Share from continuing operations | (1.10) | 3.02 | (0.45) |
| Diluted Loss Per Share from discontinued operations | (0.03) | (0.29) | (0.30) |
| Diluted Earnings (Loss) Per Share Attributable to Common Stock | (1.13) | 2.73 | (0.75) |
| Product and Service | |||
| Service | |||
| Total operating revenues | 97,831 | 111,565 | 124,057 |
| Equipment | |||
| Total operating revenues | 22,910 | 22,473 | 18,993 |
| Cost of goods and services sold | 24,009 | 23,685 | 19,585 |
| Broadcast, programming and operations | |||
| Cost of goods and services sold | 0 | 8,106 | 16,077 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AT&T INC. | |||
Ticker: T Fiscal Year: 2022 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 13, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net Income (Loss) Attributable to Parent [Abstract] | |||
| Net income (loss) | $ (7,055) | 21,479 | (3,821) |
| Other comprehensive income (loss), net of tax: | |||
| Other comprehensive income (loss), net of tax: | |||
| Foreign Currency: | |||
| Translation adjustment (includes $0, $(2) and $(59) attributable to noncontrolling interest), net of taxes of $90, $(44) and $(42) | 346 | (127) | (929) |
| Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax | 2,087 | 0 | |
| Securities: | |||
| Net unrealized gains (losses), net of taxes of $(49), $(21) and $27 | (143) | (63) | 78 |
| Reclassification adjustment included in net income (loss), net of taxes of $3, $(1) and $(5) | 8 | (3) | (15) |
| Derivative Instruments: | |||
| Net unrealized gains (losses), net of taxes of $(183), $(192) and $(212) | (648) | (715) | (811) |
| Reclassification adjustment included in net income (loss), net of taxes of $25, $19 and $18 | 96 | 72 | 69 |
| Defined benefit postretirement plans: | |||
| Net prior service (cost) credit arising during period, net of taxes of $583, $(8) and $735 | 1,787 | (34) | 2,250 |
| Amortization of net prior service credit included in net income (loss), net of taxes of $(663), $(660) and $(601) | (2,028) | (2,020) | (1,841) |
| Other comprehensive income (loss) | (763) | (803) | (1,199) |
| Total comprehensive income (loss) | (7,818) | 20,676 | (5,020) |
| Less: Total comprehensive income attributable to noncontrolling interest | (1,469) | (1,396) | (1,296) |
| Total Comprehensive Income (Loss) Attributable to AT&T | (9,287) | 19,280 | (6,316) |
| Disposal Group Name | |||
| WarnerMedia | |||
| Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax | (182) | 0 | 0 |
| Distributions of WarnerMedia, net of taxes of $(12), $0 and $0 | (24) | 0 | 0 |
| Distributions of WarnerMedia, net of taxes of $5, $0 and $0 | 25 | 0 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AT&T INC. | |||
Ticker: T Fiscal Year: 2022 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 13, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating Activities | |||
| Net income (loss) | $ (6,874) | 23,776 | (1,522) |
| Adjustments to reconcile income (loss) from continuing operations to net cash provided by operating activities from continuing operations: | |||
| Depreciation and amortization | 18,021 | 17,852 | 22,523 |
| Provision for uncollectible accounts | 1,865 | 1,241 | 1,798 |
| Deferred income tax expense | 2,975 | 7,412 | 2,145 |
| Net (gain) loss on investments, net of impairments | 381 | (369) | (970) |
| Pension and postretirement benefit expense (credit) | (3,237) | (3,857) | (2,992) |
| Actuarial (gain) loss on pension and postretirement benefits | (1,999) | (4,143) | 4,169 |
| Asset impairments and abandonments and restructuring | 27,498 | 213 | 15,687 |
| Changes in operating assets and liabilities: | |||
| Receivables | 727 | (1,125) | 1,079 |
| Other current assets | (674) | (1,288) | (2,138) |
| Accounts payable and other accrued liabilities | (1,109) | (1,570) | (1,895) |
| Equipment installment receivables and related sales | 154 | (271) | (1,428) |
| Deferred customer contract acquisition and fulfillment costs | (947) | 18 | 382 |
| Postretirement claims and contributions | (823) | (822) | (985) |
| Other net | (146) | 103 | 1,631 |
| Total adjustments | 42,686 | 13,394 | 39,006 |
| Net Cash Provided by Operating Activities from Continuing Operations | 35,812 | 37,170 | 37,484 |
| Investing Activities | |||
| Capital expenditures | (19,626) | (15,545) | (14,690) |
| Acquisitions, net of cash acquired | (10,200) | (25,453) | (1,625) |
| Dispositions | 199 | 7,136 | 2,472 |
| Distributions from DIRECTV in excess of cumulative equity in earnings | 2,649 | 1,323 | 0 |
| Other net | 79 | 50 | 396 |
| Net Cash Used in Investing Activities from Continuing Operations | (26,899) | (32,489) | (13,447) |
| Financing Activities | |||
| Net change in short-term borrowings with original maturities of three months or less | (519) | 1,316 | (17) |
| Issuance of other short-term borrowings | 3,955 | 21,856 | 9,440 |
| Repayment of other short-term borrowings | (18,345) | (7,510) | (9,467) |
| Proceeds from Issuance of Long-Term Debt | 2,979 | 9,931 | 31,988 |
| Repayment of long-term debt | (25,118) | (3,039) | (39,062) |
| Note payable to DIRECTV, net of payments | (1,211) | 1,341 | 0 |
| Payment of vendor financing | (4,697) | (4,596) | (2,966) |
| Issuance of preferred stock | 0 | 0 | 3,869 |
| Purchase of treasury stock | (890) | (202) | (5,498) |
| Issuance of treasury stock | 28 | 96 | 105 |
| Issuance of preferred interests in subsidiaries | 0 | 0 | 1,979 |
| Redemption of preferred interest in subsidiary | (2,665) | 0 | (1,950) |
| Dividends paid | (9,859) | (15,068) | (14,956) |
| Other net | (3,222) | (2,231) | (4,496) |
| Net Cash (Used in) Provided by Financing Activities from Continuing Operations | (59,564) | 1,894 | (31,031) |
| Net (decrease) increase in cash and cash equivalents and restricted cash from continuing operations | (50,651) | 6,575 | (6,994) |
| Net Cash Provided by (Used in) Discontinued Operations [Abstract] | |||
| Cash (used in) provided by operating activities | (3,789) | 4,788 | 5,645 |
| Cash provided by (used in) investing activities | 1,094 | 399 | (102) |
| Cash provided by (used in) financing activities | 35,823 | (316) | (974) |
| Net increase (decrease) in cash and cash equivalents and restricted cash from discontinued operations | 33,128 | 4,871 | 4,569 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (17,523) | 11,446 | (2,425) |
| Cash and cash equivalents and restricted cash beginning of year | 21,316 | 9,870 | |
| Cash and Cash Equivalents and Restricted Cash End of Year | 3,793 | 21,316 | 9,870 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
AT&T INC. | ||
Ticker: T Fiscal Year: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 13, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $ 3,701 | 19,223 |
| Accounts receivable net of related allowance for credit loss of $588 and $658 | 11,466 | 12,313 |
| Inventories | 3,123 | 3,325 |
| Prepaid and other current assets | 14,818 | 16,131 |
| Assets from discontinued operations | 0 | 119,776 |
| Total current assets | 33,108 | 170,768 |
| Property, Plant and Equipment Net | 127,445 | 121,649 |
| Goodwill Net | 67,895 | 92,740 |
| Licenses Net | 124,092 | 113,830 |
| Other Intangible Assets Net | 5,354 | 5,391 |
| Investments in and Advances to Equity Affiliates | 3,533 | 6,168 |
| Operating Lease Right-Of-Use Assets | 21,814 | 21,824 |
| Other Assets | 19,612 | 19,252 |
| Total Assets | 402,853 | 551,622 |
| Liabilities and Stockholders Equity | ||
| Current Liabilities | ||
| Debt maturing within one year | 7,467 | 24,620 |
| Note payable to DIRECTV | 130 | 1,245 |
| Accounts payable and accrued liabilities | 42,644 | 39,095 |
| Advanced billings and customer deposits | 3,918 | 3,966 |
| Dividends payable | 2,014 | 3,749 |
| Liabilities from discontinued operations | 0 | 33,555 |
| Total current liabilities | 56,173 | 106,230 |
| Long-Term Debt | 128,423 | 151,011 |
| Deferred Credits and Other Noncurrent Liabilities | ||
| Deferred income taxes | 57,032 | 53,767 |
| Postemployment benefit obligation | 7,260 | 12,560 |
| Operating lease liabilities | 18,659 | 18,956 |
| Other noncurrent liabilities | 28,849 | 25,243 |
| Total deferred credits and other noncurrent liabilities | 111,800 | 110,526 |
| Stockholders Equity | ||
| Common stock ($1 par value, 14,000,000,000 authorized at December 31, 2022 and December 31, 2021: issued 7,620,748,598 at December 31, 2022 and December 31, 2021) | 7,621 | 7,621 |
| Additional paid-in capital | 123,610 | 130,112 |
| Retained (deficit) earnings | (19,415) | 42,350 |
| Treasury stock (493,156,816 at December 31, 2022 and 479,684,705 at December 31, 2021, at cost) | (17,082) | (17,280) |
| Accumulated other comprehensive income | 2,766 | 3,529 |
| Noncontrolling interest | 8,957 | 17,523 |
| Total stockholders equity | 106,457 | 183,855 |
| Total Liabilities and Stockholders Equity | 402,853 | 551,622 |
| Class of Stock | ||
| Series A (48,000 issued and outstanding at December 31, 2022 and December 31, 2021) | ||
| Preferred stock ($1 par value, 10,000,000 authorized at December 31, 2022 and December 31, 2021): | 0 | 0 |
| Series B (20,000 issued and outstanding at December 31, 2022 and December 31, 2021) | ||
| Preferred stock ($1 par value, 10,000,000 authorized at December 31, 2022 and December 31, 2021): | 0 | 0 |
| Series C (70,000 issued and outstanding at December 31, 2022 and December 31, 2021) | ||
| Preferred stock ($1 par value, 10,000,000 authorized at December 31, 2022 and December 31, 2021): | 0 | 0 |
| External Links | |
| AT&T INC. (T) Fiscal Year 2022 | |
| 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 |