AT&T Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), AT&T Inc. reported revenue of $125.6B (+2.7% year on year) and net income of $23.4B (+90.9% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total operating revenues | $125.6B | $122.3B | $122.4B | $120.7B |
| Equipment | $25.4B | $22.2B | $23.1B | $24.0B |
| Other cost of revenues (exclusive of depreciation and amortization shown separately below) | $25.4B | $27.0B | $27.0B | $26.8B |
| Selling, general and administrative | $28.9B | $28.4B | $28.9B | $29.0B |
| Asset impairments and abandonments and restructuring | $838.0M | $5.1B | $1.2B | $27.5B |
| Depreciation and amortization | $20.9B | $20.6B | $18.8B | $18.0B |
| Total operating expenses | $101.5B | $103.3B | $99.0B | $125.3B |
| Operating Income (Loss) | $24.2B | $19.0B | $23.5B | ($4.6B) |
| Interest expense | ($6.8B) | ($6.8B) | ($6.7B) | ($6.1B) |
| Equity in net income of affiliates | $1.9B | $2.0B | $1.7B | $1.8B |
| Other income (expense) – net | $7.8B | $2.4B | $1.4B | $5.8B |
| Total other income (expense) | $2.8B | ($2.4B) | ($3.6B) | $1.5B |
| Income Before Income Taxes | $27.0B | $16.7B | $19.8B | ($3.1B) |
| Income tax expense | $3.6B | $4.4B | $4.2B | $3.8B |
| Income (Loss) from Continuing Operations | $23.4B | $12.3B | $15.6B | ($6.9B) |
| Net Income | $23.4B | $12.3B | $15.6B | ($7.1B) |
| Less: Net Income Attributable to Noncontrolling Interest | ($1.4B) | ($1.3B) | ($1.2B) | ($1.5B) |
| Net Income Attributable to AT&T | $22.0B | $10.9B | $14.4B | ($8.5B) |
| Less: Preferred Stock Dividends and Redemption Gain | ($64.0M) | — | — | — |
| Net Income Attributable to Common Stock | $21.9B | $10.7B | $14.2B | ($8.7B) |
| Basic Earnings Per Share Attributable to Common Stock | $3.04 | $1.49 | $1.97 | -$1.13 |
| Diluted Earnings Per Share Attributable to Common Stock | $3.04 | $1.49 | $1.97 | -$1.13 |
| Line item | Sep 30, 2026 · Q3 | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 |
|---|---|---|---|---|
| Total operating revenues | $32.3B | $31.6B | $31.5B | $30.7B |
| Equipment | $6.1B | $5.7B | $6.3B | $5.5B |
| Other cost of revenues (exclusive of depreciation and amortization shown separately below) | $6.3B | $6.3B | $6.3B | $6.4B |
| Selling, general and administrative | $7.4B | $7.2B | $7.3B | $7.5B |
| Asset impairments and abandonments and restructuring | $3.4B | $286.0M | $0 | $0 |
| Depreciation and amortization | $5.0B | $5.0B | $5.0B | $5.3B |
| Total operating expenses | $28.2B | $24.5B | $24.8B | $24.6B |
| Operating Income | $4.1B | $7.0B | $6.7B | $6.1B |
| Interest expense | ($2.0B) | ($1.9B) | ($1.8B) | ($1.7B) |
| Equity in net income (loss) of affiliates | ($10.0M) | ($29.0M) | ($41.0M) | ($20.0M) |
| Other income (expense) — net | $590.0M | $696.0M | $594.0M | $6.3B |
| Total other income (expense) | ($1.4B) | ($1.2B) | ($1.3B) | $4.5B |
| Income from Continuing Operations Before Income Taxes | $2.7B | $5.8B | $5.4B | $10.7B |
| Income tax expense on continuing operations | $1.4B | $784.0M | $1.2B | $976.0M |
| Income from Continuing Operations | $1.3B | $5.0B | $4.2B | — |
| Loss from discontinued operations, net of tax | ($37.0M) | ($28.0M) | ($38.0M) | — |
| Net Income | $1.3B | $5.0B | $4.2B | $9.7B |
| Net Income Attributable to Noncontrolling Interest | ($378.0M) | ($383.0M) | ($352.0M) | ($363.0M) |
| Net Income Attributable to AT&T | $891.0M | $4.6B | $3.8B | $9.3B |
| Preferred Stock Dividends and Redemption Gain | ($36.0M) | ($36.0M) | ($36.0M) | ($36.0M) |
| Net Income Attributable to Common Stock | $855.0M | $4.6B | $3.8B | $9.3B |
| Basic Earnings Per Share from continuing operations | $0.13 | $0.66 | $0.54 | — |
| Basic Loss Per Share from discontinued operations | -$0.01 | $0.00 | $0.00 | — |
| Basic Earnings Per Share Attributable to Common Stock | $0.12 | $0.66 | $0.54 | $1.29 |
| Diluted Earnings Per Share from continuing operations | $0.13 | $0.66 | $0.54 | — |
| Diluted Loss Per Share from discontinued operations | -$0.01 | $0.00 | $0.00 | — |
| Diluted Earnings Per Share Attributable to Common Stock | $0.12 | $0.66 | $0.54 | $1.29 |
| Weighted Average Number of Common Shares Outstanding - Basic (in millions) (in shares) | 6.8B | 6.9B | 7.0B | 7.2B |
| Weighted Average Number of Common Shares Outstanding - with Dilution (in millions) (in shares) | 6.8B | 6.9B | 7.0B | 7.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $18.2B | $3.3B | $6.7B | $3.7B |
| Accounts receivable – net of related allowance for credit loss of $429 and $375 | $8.8B | $9.6B | $10.3B | $11.5B |
| Inventories | $2.4B | $2.3B | $2.2B | $3.1B |
| Prepaid and other current assets | $19.2B | $16.0B | $17.3B | $14.8B |
| Total current assets | $48.7B | $31.2B | $36.5B | $33.1B |
| Property, Plant and Equipment – Net | $131.6B | $128.9B | $128.5B | $127.4B |
| Goodwill – Net | $63.4B | $63.4B | $67.9B | $67.9B |
| Licenses – Net | $128.1B | $127.0B | $127.2B | $124.1B |
| Other Intangible Assets – Net | $5.3B | $5.3B | $5.3B | $5.4B |
| Investments in and Advances to Equity Affiliates | $1.1B | $295.0M | $1.3B | $3.5B |
| Operating Lease Right-Of-Use Assets | $22.6B | $20.9B | $20.9B | $21.8B |
| Other Assets | $19.3B | $17.8B | $19.6B | $19.6B |
| Total Assets | $420.2B | $394.8B | $407.1B | $402.9B |
| Debt maturing within one year | $9.0B | $5.1B | $9.5B | $7.5B |
| Accounts payable and accrued liabilities | $38.5B | $35.7B | $35.9B | $42.6B |
| Advanced billings and customer deposits | $4.3B | $4.1B | $3.8B | $3.9B |
| Dividends payable | $2.0B | $2.0B | $2.0B | $2.0B |
| Total current liabilities | $53.8B | $46.9B | $51.1B | $56.2B |
| Long-Term Debt | $127.1B | $118.4B | $127.9B | $128.4B |
| Noncurrent deferred tax liabilities | $58.3B | $58.9B | $58.7B | $57.0B |
| Postemployment benefit obligation | $8.5B | $9.0B | $8.7B | $7.3B |
| Operating lease liabilities | $18.9B | $17.4B | $17.6B | $18.7B |
| Other noncurrent liabilities | $25.1B | $23.9B | $23.7B | $28.8B |
| Total deferred credits and other noncurrent liabilities | $110.8B | $109.3B | $108.7B | $111.8B |
| Redeemable Noncontrolling Interest | $2.0B | $2.0B | $2.0B | — |
| Preferred stock ($1 par value, 10,000,000 authorized at December 31, 2025 and December 31, 2024): | $0 | $0 | $0 | $0 |
| Common stock ($1 par value, 14,000,000,000 authorized at December 31, 2025 and December 31, 2024: issued 7,620,748,598 at December 31, 2025 and December 31, 2024) | $7.6B | $7.6B | $7.6B | $7.6B |
| Additional paid-in capital | $106.5B | $109.1B | $114.5B | $123.6B |
| Retained earnings | $15.8B | $1.9B | ($5.0B) | ($19.4B) |
| Treasury stock (583,246,242 at December 31, 2025 and 444,853,148 at December 31, 2024, at cost) | ($18.5B) | ($15.0B) | ($16.1B) | ($17.1B) |
| Accumulated other comprehensive income (loss) | ($860.0M) | $795.0M | $2.3B | $2.8B |
| Noncontrolling interest | $16.0B | $13.9B | $14.1B | $9.0B |
| Total stockholders’ equity | $126.5B | $118.2B | $117.4B | $106.5B |
| Total Liabilities and Stockholders’ Equity | $420.2B | $394.8B | $407.1B | $402.9B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $10.8B | $17.6B | $12.0B | $20.3B |
| Accounts receivable – net of related allowances for credit loss of $272 and $429 | $8.0B | $8.5B | $8.3B | $8.9B |
| Inventories | $2.9B | $2.4B | $2.5B | $2.9B |
| Prepaid and other current assets | $19.5B | $23.4B | $23.5B | $22.5B |
| Assets held for sale | $11.2B | — | — | — |
| Total current assets | $52.3B | $51.8B | $46.3B | $54.6B |
| Property, plant and equipment | $349.0B | $352.7B | $349.5B | $359.1B |
| Less: accumulated depreciation and amortization | ($216.9B) | ($218.5B) | ($216.3B) | ($229.2B) |
| Property, Plant and Equipment – Net | $132.2B | $134.2B | $133.1B | $129.9B |
| Goodwill – Net | $63.9B | $63.9B | $63.8B | $63.4B |
| Licenses – Net | $149.4B | $129.1B | $129.1B | $127.8B |
| Other Intangible Assets – Net | $6.0B | $6.1B | $6.1B | $5.3B |
| Investments in and Advances to Equity Affiliates | $1.2B | $1.1B | $1.1B | $1.1B |
| Operating Lease Right-Of-Use Assets | $22.4B | $22.8B | $22.8B | $22.7B |
| Other Assets | $18.6B | $19.3B | $18.8B | $18.6B |
| Total Assets | $445.9B | $428.4B | $421.2B | $423.2B |
| Debt maturing within one year | $9.5B | $9.3B | $6.8B | $11.4B |
| Accounts payable and accrued liabilities | $38.3B | $38.0B | $37.3B | $36.6B |
| Advanced billings and customer deposits | $3.9B | $4.1B | $4.3B | $3.9B |
| Dividends payable | $1.9B | $1.9B | $2.0B | $2.0B |
| Liabilities held for sale | $6.6B | — | — | — |
| Total current liabilities | $60.3B | $53.4B | $50.4B | $53.9B |
| Long-Term Debt | $150.1B | $134.6B | $131.6B | $128.1B |
| Noncurrent deferred tax liabilities | $61.6B | $60.4B | $59.1B | $59.3B |
| Postemployment benefit obligation | $8.1B | $8.3B | $8.4B | $8.7B |
| Operating lease liabilities | $18.5B | $18.9B | $18.9B | $19.0B |
| Other noncurrent liabilities | $22.5B | $24.3B | $25.1B | $25.5B |
| Total deferred credits and other noncurrent liabilities | $110.7B | $111.9B | $111.6B | $112.5B |
| Redeemable Noncontrolling Interest | $2.0B | $2.0B | $2.0B | $2.0B |
| Preferred stock ($1 par value, 10,000,000 authorized at September 30, 2026 and December 31, 2025): | $0 | $0 | $0 | $0 |
| Common stock ($1 par value, 14,000,000,000 authorized at September 30, 2026 and December 31, 2025: issued 7,620,748,598 at September 30, 2026 and December 31, 2025) | $7.6B | $7.6B | $7.6B | $7.6B |
| Additional paid-in capital | $106.2B | $106.2B | $106.1B | $106.5B |
| Retained earnings | $19.3B | $20.3B | $17.6B | $14.0B |
| Treasury stock (859,308,786 at September 30, 2026 and 583,246,242 at December 31, 2025, at cost) | ($25.3B) | ($22.4B) | ($20.3B) | ($16.7B) |
| Accumulated other comprehensive income (loss) | ($1.1B) | ($1.2B) | ($1.4B) | ($648.0M) |
| Noncontrolling interest | $16.0B | $16.0B | $16.0B | $16.0B |
| Total stockholders’ equity | $122.8B | $126.4B | $125.6B | $126.8B |
| Total Liabilities and Stockholders’ Equity | $445.9B | $428.4B | $421.2B | $423.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $23.4B | $12.3B | $15.6B | ($6.9B) |
| Depreciation and amortization | $20.9B | $20.6B | $18.8B | $18.0B |
| Provision for uncollectible accounts | $2.3B | $2.0B | $2.0B | $1.9B |
| Asset impairments and abandonments and restructuring | $838.0M | $5.1B | $1.2B | $27.5B |
| Pension and postretirement benefit expense (credit) | ($1.6B) | ($1.9B) | ($2.6B) | ($3.2B) |
| Actuarial and settlement (gain) loss on pension and postretirement benefits – net | $519.0M | $56.0M | $1.6B | ($2.0B) |
| Net (gain) loss on investments | ($5.9B) | — | — | — |
| Receivables | ($1.5B) | $123.0M | $82.0M | $727.0M |
| Equipment installment receivables and related sales | $324.0M | ($1.8B) | ($133.0M) | $154.0M |
| Contract asset and cost deferral | ($1.2B) | $497.0M | $1.0M | ($947.0M) |
| Inventories, prepaid and other current assets | ($460.0M) | ($383.0M) | ($642.0M) | ($674.0M) |
| Accounts payable and other accrued liabilities | $884.0M | ($810.0M) | ($1.8B) | ($1.1B) |
| Changes in income taxes | $2.2B | — | — | — |
| Postretirement claims and contributions | ($1.4B) | ($166.0M) | ($735.0M) | ($823.0M) |
| Other – net | $1.1B | $1.7B | $1.4B | ($146.0M) |
| Total adjustments | $16.9B | $26.5B | $22.7B | $42.7B |
| Net Cash Provided by Operating Activities | $40.3B | — | — | — |
| Capital expenditures | ($20.8B) | ($20.3B) | ($17.9B) | ($19.6B) |
| Acquisitions, net of cash acquired | ($379.0M) | ($380.0M) | ($2.9B) | ($10.2B) |
| Dispositions | $3.2B | $75.0M | $72.0M | $199.0M |
| Distributions from DIRECTV in excess of cumulative equity in earnings | $0 | $928.0M | $2.0B | $2.6B |
| (Purchases), sales and settlement of securities and investments, net | $181.0M | $2.6B | ($902.0M) | — |
| Other – net | ($955.0M) | ($425.0M) | ($84.0M) | $79.0M |
| Net Cash Used in Investing Activities | ($18.8B) | — | — | — |
| Net change in short-term borrowings with original maturities of three months or less | $0 | $0 | ($914.0M) | ($519.0M) |
| Issuance of other short-term borrowings | $0 | $491.0M | $5.4B | $4.0B |
| Repayment of other short-term borrowings | $0 | ($2.5B) | ($3.4B) | ($18.3B) |
| Proceeds from Issuance of Long-Term Debt | $14.0B | $19.0M | $10.0B | $3.0B |
| Repayment of long-term debt | ($5.5B) | ($10.3B) | ($12.0B) | ($25.1B) |
| Note payable to DIRECTV, net of payments | $0 | $0 | ($130.0M) | ($1.2B) |
| Payment of vendor financing | ($1.2B) | ($1.8B) | ($5.7B) | ($4.7B) |
| Redemption of preferred stock | ($2.1B) | — | — | — |
| Purchase of treasury stock | ($4.5B) | ($215.0M) | ($194.0M) | ($890.0M) |
| Issuance of treasury stock | $21.0M | $15.0M | $3.0M | $28.0M |
| Issuance of preferred interests in subsidiary | $2.2B | $0 | $7.2B | $0 |
| Redemption of preferred interests in subsidiary | ($65.0M) | $0 | ($5.3B) | ($2.7B) |
| Dividends paid | ($8.2B) | ($8.2B) | ($8.1B) | ($9.9B) |
| Other – net | ($1.1B) | ($2.2B) | ($2.3B) | ($3.2B) |
| Net Cash Used in Financing Activities | ($6.4B) | — | — | — |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $15.1B | ($3.4B) | $3.0B | ($17.5B) |
| Cash and cash equivalents and restricted cash beginning of year | $3.4B | $6.8B | $3.8B | $21.3B |
| Cash and Cash Equivalents and Restricted Cash End of Year | $18.5B | $3.4B | $6.8B | $3.8B |
| Line item | Sep 30, 2026 · YTD | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD |
|---|---|---|---|---|
| Income from Continuing Operations | $10.6B | $9.3B | $4.2B | — |
| Depreciation and amortization | $14.9B | $9.9B | $5.0B | $15.8B |
| Provision for uncollectible accounts | $1.8B | $1.1B | $560.0M | $1.6B |
| Asset impairments and abandonments and restructuring | $3.7B | $286.0M | $0 | $504.0M |
| Pension and postretirement benefit expense (credit) | ($1.2B) | ($791.0M) | ($396.0M) | ($1.2B) |
| Net (gain) loss on investments | ($277.0M) | ($170.0M) | $28.0M | ($5.7B) |
| Receivables | ($903.0M) | ($418.0M) | ($119.0M) | ($613.0M) |
| Equipment installment receivables and related sales | ($1.0B) | ($176.0M) | $255.0M | $806.0M |
| Contract asset and cost deferral | ($617.0M) | ($464.0M) | ($327.0M) | ($482.0M) |
| Inventories, prepaid and other current assets | ($823.0M) | $320.0M | ($173.0M) | ($2.0B) |
| Accounts payable and other accrued liabilities | ($1.3B) | ($2.6B) | ($2.8B) | ($2.0B) |
| Changes in income taxes | $3.2B | $1.8B | $1.1B | $2.6B |
| Postretirement claims and contributions | ($364.0M) | ($264.0M) | ($72.0M) | ($593.0M) |
| Other - net | $1.2B | $471.0M | $277.0M | $1.0B |
| Total adjustments | $18.4B | $9.1B | $3.4B | $9.7B |
| Net Cash Provided by Operating Activities from Continuing Operations | $28.9B | $18.4B | $7.6B | — |
| Capital expenditures | ($15.6B) | ($10.6B) | ($4.9B) | ($14.1B) |
| Acquisitions, net of cash acquired | ($25.7B) | ($2.7B) | ($2.7B) | ($47.0M) |
| Dispositions | $858.0M | $747.0M | $628.0M | $439.0M |
| (Purchases), sales and settlements of securities and investments, net | ($1.0M) | ($24.0M) | ($14.0M) | $25.0M |
| Other - net | ($1.1B) | ($654.0M) | ($547.0M) | ($789.0M) |
| Net Cash Used in Investing Activities from Continuing Operations | ($41.5B) | ($13.2B) | ($7.5B) | — |
| Issuance of other short-term borrowings | $3.0B | — | — | $0 |
| Repayments of Other Short-term Debt | $3.0B | — | — | $0 |
| Issuance of long-term debt | $35.9B | $14.0B | $8.1B | $14.0B |
| Repayment of long-term debt | ($10.2B) | ($5.4B) | ($5.2B) | ($1.8B) |
| Payment of vendor financing | ($1.1B) | ($643.0M) | ($212.0M) | ($823.0M) |
| Redemption of preferred stock | $0 | $0 | $0 | ($2.1B) |
| Purchase of treasury stock | ($7.5B) | ($4.7B) | ($2.5B) | ($2.7B) |
| Issuance of treasury stock | $1.0M | $1.0M | $1.0M | $19.0M |
| Issuance of preferred interests in subsidiary | $0 | $0 | $0 | $2.2B |
| Dividends paid | ($5.9B) | ($4.0B) | ($2.0B) | ($6.2B) |
| Other - net | ($1.5B) | ($772.0M) | ($265.0M) | ($292.0M) |
| Net Cash Provided by Financing Activities from Continuing Operations | $9.7B | ($1.4B) | ($2.1B) | — |
| Net increase (decrease) in cash and cash equivalents and restricted cash from continuing operations | ($2.9B) | $3.7B | ($2.0B) | — |
| Cash provided by operating activities | $197.0M | $31.0M | ($38.0M) | — |
| Cash used in investing activities | ($4.6B) | ($4.4B) | ($4.2B) | — |
| Cash used in financing activities | $0 | $0 | $0 | — |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect, Discontinued Operation | ($4.4B) | ($4.3B) | ($4.2B) | — |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation, Total | ($7.3B) | ($586.0M) | ($6.2B) | — |
| Cash and cash equivalents and restricted cash beginning of year | $18.5B | $18.5B | $18.5B | $3.4B |
| Cash and Cash Equivalents and Restricted Cash End of Period | $11.2B | $17.9B | $12.3B | $20.3B |
AT&T Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.