AT&T market cap is $219.9 b, and annual revenue was $181.19 b in FY 2019

AT&T Net income (Q1, 2020)5 B

AT&T EBIT (Q1, 2020)7.5 B

AT&T Cash, 31-Mar-202010 B

AT&T EV395.8 B

AT&T revenue breakdown by business segment: 10.9% from WarnerMedia, 83.0% from Communications and 6.1% from Other

AT&T revenue breakdown by geographic segment: 92.3% from United States and 7.7% from Other

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Revenue | 163.8b | 160.5b | 170.8b | 181.2b |

| 12% | (2%) | 6% | |

## Cost of goods sold | 76.9b | 77.4b | 79.4b | |

## Gross profit | 86.9b | 83.2b | 91.3b | |

| 53% | 52% | 53% | |

## General and administrative expense | 36.3b | 34.9b | 36.8b | 39.4b |

## Operating expense total | 62.6b | 62.2b | 65.2b | 39.4b |

## Depreciation and amortization | 25.8b | 24.4b | 28.4b | 28.2b |

## EBIT | 24.3b | 20.9b | 26.1b | 28.0b |

| 15% | 13% | 15% | 15% |

## Interest expense | 4.9b | 6.3b | 8.0b | 9.5b |

## Investment income | (6.0m) | |||

## Pre tax profit | 19.8b | 15.1b | 24.9b | 18.5b |

## Income tax expense | 6.5b | (14.7b) | 4.9b | 3.5b |

## Net Income | 13.0b | 29.8b | 20.0b | 13.9b |

## EPS | 2.1 | 4.8 | 2.9 |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 39.4b | 39.8b | 39.7b | 38.0b | 39.0b | 45.7b | 44.8b | 45.0b | 44.6b | 42.8b |

## Cost of goods sold | 17.9b | 18.3b | 18.9b | 17.9b | 17.5b | 20.7b | 20.7b | 20.5b | 20.2b | |

## Gross profit | 21.5b | 21.6b | 20.8b | 20.1b | 21.5b | 25.0b | 24.1b | 24.4b | 24.4b | |

| 55% | 54% | 52% | 53% | 55% | 55% | 54% | 54% | 55% | |

## General and administrative expense | 8.5b | 8.1b | 8.3b | 7.9b | 8.7b | 9.6b | 9.6b | 9.8b | 9.6b | 8.8b |

## Operating expense total | 14.6b | 14.3b | 14.4b | 13.9b | 15.1b | 17.8b | 16.9b | 16.9b | 16.5b | 8.8b |

## Depreciation and amortization | 6.1b | 6.1b | 6.0b | 6.0b | 6.4b | 8.2b | 7.2b | 7.1b | 6.9b | 7.2b |

## EBIT | 6.9b | 7.3b | 6.4b | 6.2b | 6.5b | 7.3b | 7.2b | 7.5b | 7.9b | 7.5b |

| 17% | 18% | 16% | 16% | 17% | 16% | 16% | 17% | 18% | 17% |

## Interest expense | 1.3b | 1.4b | 1.7b | 1.8b | 2.0b | 2.1b | 2.1b | 2.1b | 2.1b | |

## Investment income | (6.0m) | |||||||||

## Pre tax profit | 5.4b | 6.1b | 5.0b | 6.1b | 6.8b | 6.2b | 5.4b | 5.1b | 4.9b | 6.3b |

## Income tax expense | 1.8b | 2.1b | 1.9b | 1.4b | 1.5b | 1.4b | 1.0b | 1.1b | 937.0m | 1.3b |

## Net Income | 3.6b | 3.9b | 3.1b | 4.8b | 5.2b | 4.8b | 4.3b | 4.0b | 3.7b | 5.0b |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Cash | 5.8b | 50.5b | 5.2b | 12.1b |

## Accounts Receivable | 16.8b | 16.5b | 26.5b | 22.6b |

## Prepaid Expenses | 1.6b | 1.4b | 2.0b | 1.6b |

## Current Assets | 38.4b | 79.1b | 51.4b | 54.8b |

## PP&E | 124.9b | 125.2b | 131.5b | 130.1b |

## Goodwill | 105.2b | 105.4b | 146.4b | 146.2b |

## Total Assets | 403.8b | 444.1b | 531.9b | 551.7b |

## Accounts Payable | 31.1b | 34.5b | 27.0b | 29.6b |

## Dividends Payable | 3.0b | 3.1b | 3.9b | 3.8b |

## Short-term debt | 9.8b | 38.4b | 10.3b | 11.8b |

## Current Liabilities | 50.6b | 81.4b | 64.4b | 68.9b |

## Long-term debt | 113.7b | 126.0b | 166.3b | 173.1b |

## Total Debt | 123.5b | 164.3b | 176.5b | 185.0b |

## Common Stock | 6.5b | 6.5b | 7.6b | 7.6b |

## Preferred Stock | ||||

## Additional Paid-in Capital | 89.6b | 89.6b | 125.5b | 126.3b |

## Retained Earnings | 34.7b | 50.5b | 58.8b | 57.9b |

## Total Equity | 124.1b | 142.0b | 193.9b | 201.9b |

## Debt to Equity Ratio | 1 x | 1.2 x | 0.9 x | |

## Debt to Assets Ratio | 0.3 x | 0.4 x | 0.3 x | |

## Financial Leverage | 3.3 x | 3.1 x | 2.7 x | 2.7 x |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Net Income | 13.3b | 29.8b | 20.0b | 15.0b |

## Depreciation and Amortization | 25.8b | 24.4b | 28.4b | 28.2b |

## Accounts Receivable | (1.0b) | (986.0m) | (1.2b) | 2.8b |

## Accounts Payable | 118.0m | 816.0m | 1.6b | (1.5b) |

## Cash From Operating Activities | 39.3b | 39.2b | 43.6b | 48.7b |

## Purchases of PP&E | (21.5b) | (20.6b) | (20.8b) | (19.4b) |

## Cash From Investing Activities | (24.2b) | (20.4b) | (63.1b) | (16.7b) |

## Short-term Borrowings | (2.9b) | |||

## Long-term Borrowings | (10.8b) | (12.0b) | (52.6b) | (27.6b) |

## Dividends Paid | (11.8b) | (12.0b) | (13.4b) | (14.9b) |

## Cash From Financing Activities | (14.5b) | 25.9b | (26.0b) | (25.1b) |

## Net Change in Cash | 667.0m | 44.7b | (45.5b) | 6.9b |

USD | Y, 2020 |
---|---|

## EV/EBIT | 52.9 x |

## EV/CFO | 44.6 x |

## Revenue/Employee | 173.9k |

## Financial Leverage | 2.8 x |

FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|

## Wireless Customers | 146.80 m | 146.82 m | 149.58 m | 152.61 m | 157 m | 159.47 m | 163.29 m | 167.56 m | 171 m | |||

## Video Subscribers | 38.74 m | 38.82 m | 38.60 m | 38.97 m | 39.19 m | 38.82 m | ||||||

## Internet Subscribers | 12.90 m | 15.70 m | 15.69 m | 15.72 m | 13.50 m | 15.78 m | 15.77 m | 15.75 m | 13.70 m | 15.74 m | 15.70 m | 15.58 m |

## Video Connections | 25.30 m | 25.03 m | 25.17 m | 25.08 m | 25 m | 25.37 m | 25.45 m | 25.15 m | 24 m | 23.87 m | 22.92 m | 21.56 m |

## Network Access Lines in Service | 13.99 m | 13.36 m | 12.79 m | 12.25 m | 11.75 m | 11.29 m | 10.83 m | 10.40 m | 9.58 m | 9.21 m | 8.83 m | |

## Wireless Subscribers (Postpaid Smartphones, Mobility) | 59.10 m | 59.87 m | 60.71 m | |||||||||

## Wireless Subscribers (Postpaid Feature Phones and Data-Centric Devices, Mobility) | 18.28 m | 17.64 m | 16.18 m | |||||||||

## Wireless Subscribers (Postpaid, Mobility) | 77.37 m | 77.51 m | 76.89 m | |||||||||

## Wireless Subscribers (Prepaid, Mobility) | 13.54 m | 15.34 m | 17 m | |||||||||

## Wireless Subscribers (Branded, Mobility) | 90.91 m | 92.85 m | 93.89 m | |||||||||

## Wireless Subscribers (Reseller, Mobility) | 11.95 m | 9.37 m | 7.78 m | |||||||||

## Wireless Subscribers (Connected Devices, Mobility) | 31.59 m | 38.99 m | 51.34 m | |||||||||

## Wireless Subscribers (Mobility) | 134.45 m | 141.20 m | 153.01 m | |||||||||

## Branded Smartphones (Mobility) | 70.82 m | 72.92 m | 75.38 m | |||||||||

## Smartphones under Installment Programs (Mobility) | 30.69 m | 32.44 m | 31.42 m | |||||||||

## Wireless Net Additions (Postpaid, Mobility) | 986 k | 641 k | -97 k | |||||||||

## Wireless Net Additions (Prepaid, Mobility) | 1.58 m | 1.01 m | 1.29 m | |||||||||

## Wireless Net Additions (Branded, Mobility) | 2.56 m | 1.65 m | 1.19 m | |||||||||

## Wireless Net Additions (Reseller, Mobility) | -1.85 m | -1.87 m | -1.70 m | |||||||||

## Wireless Net Additions (Connected Devices, Mobility) | 5.35 m | 9.69 m | 12.32 m | |||||||||

## Wireless Net Subscriber Additions (Mobility) | 6.06 m | 9.47 m | 11.81 m | |||||||||

## Smartphones Sold under Installment Programs (Mobility) | 17.87 m | 16.67 m | 16.34 m | |||||||||

## Branded Churn (Mobility) | 1.61% | 1.68% | 1.67% | |||||||||

## Postpaid Churn (Mobility) | 1.07% | 1.07% | 1.12% | |||||||||

## Postpaid Phone-Only Churn (Mobility) | 0.92% | 0.85% | 0.9% | |||||||||

## Video Connections (Satellite, Entertainment Group) | 21.01 m | 20.46 m | 19.22 m | |||||||||

## Video Connections (U-verse, Entertainment Group) | 4.25 m | 3.63 m | 3.68 m | |||||||||

## Video Connections (DIRECTV NOW, Entertainment Group) | 267 k | 1.16 m | 1.59 m | |||||||||

## Video Connections (Entertainment Group) | 25.53 m | 25.24 m | 24.49 m | |||||||||

## Broadband Connections (IP, Entertainment Group) | 12.89 m | 13.46 m | 13.73 m | |||||||||

## Broadband Connections (DSL, Entertainment Group) | 1.29 m | 888 k | 680 k | |||||||||

## Broadband Connections (Entertainment Group) | 14.18 m | 14.35 m | 14.41 m | |||||||||

## Retail Consumer Switched Access Lines (Entertainment Group) | 5.85 m | 4.77 m | 3.97 m | |||||||||

## Consumer VoIP Connections (U-verse, Entertainment Group) | 5.43 m | 5.86 m | 5.85 m | 5.77 m | 5.22 m | 5.59 m | 5.45 m | 5.27 m | 4.58 m | 4.94 m | 4.77 m | 4.54 m |

## Retail Consumer Voice Connections (Entertainment Group) | 11.28 m | 10 m | 8.55 m | |||||||||

## Video Net Additions (Satellite, Entertainment Group) | 1.23 m | -554 k | -1.24 m | |||||||||

## Video Net Additions (U-verse, Entertainment Group) | -1.36 m | -622 k | 50 k | |||||||||

## Video Net Additions (DIRECTV NOW, Entertainment Group) | 267 k | 888 k | 436 k | |||||||||

## Video Net Additions (Entertainment Group) | 134 k | -288 k | -750 k | |||||||||

## Broadband Net Additions (IP, Entertainment Group) | 532 k | 574 k | 267 k | |||||||||

## Broadband Net Additions (DSL, Entertainment Group) | -639 k | -403 k | -208 k | |||||||||

## Broadband Net Additions (Entertainment Group) | -107 k | 171 k | 59 k | |||||||||

## Satellite Subscribers (Vrio) | 12.46 m | 13.63 m | 13.84 m | |||||||||

## Satellite Net Subscriber Additions (Vrio) | -55 k | 42 k | 250 k | |||||||||

## Wireless Subscribers (Postpaid, Mexico) | 4.97 m | 5.50 m | 5.81 m | |||||||||

## Wireless Subscribers (Prepaid, Mexico) | 2.73 m | 2.67 m | 2.87 m | |||||||||

## Wireless Subscribers (Branded, Mexico) | 11.69 m | 14.90 m | 18.07 m | |||||||||

## Wireless Subscribers (Reseller, Mexico) | 281 k | 204 k | 252 k | |||||||||

## Wireless Subscribers (Mexico) | 11.97 m | 15.10 m | 18.32 m | |||||||||

## Wireless Net Additions (Postpaid, Mexico) | 677 k | 533 k | 307 k | |||||||||

## Wireless Net Additions (Prepaid, Mexico) | 2.73 m | 2.67 m | 2.87 m | |||||||||

## Wireless Net Additions (Branded, Mexico) | 3.41 m | 3.20 m | 3.17 m | |||||||||

## Wireless Net Additions (Reseller, Mexico) | -120 k | -77 k | 48 k | |||||||||

## Wireless Net Additions (Mexico) | 3.29 m | 3.13 m | 3.22 m |

Y, 2016 | |
---|---|

White, percent | 58 % |

Black / African American, percent | 19 % |

Hispanic, percent | 14 % |

Asian, percent | 6 % |

Other | 3 % |

- Source: fortune.com