Delaware
|
1-8610
|
43-1301883
|
(State or Other Jurisdiction of Incorporation)
|
(Commission File Number)
|
(IRS Employer Identification No.)
|
208 S. Akard St., Dallas, Texas
|
75202
|
(Address of Principal Executive Offices)
|
(Zip Code)
|
·
|
Approximately 25.4 million video connections at September 30, 2015 compared to 5.8 million at September 30, 2014. DIRECTV's satellite subscribers as of the July 24, 2015 acquisition date was 19.5 million. During the third quarter, we added 26,000 satellite subscribers; however, U-verse subscribers declined 92,000 as we focused on profitability and emphasized higher-margin satellite sales.
|
·
|
Approximately 14.3 million broadband connections at September 30, 2015 compared to 14.5 million at September 30, 2014. During the third quarter, we added 172,000 U-verse High Speed Internet subscribers, for a total of 12.2 million at September 30, 2015. Total broadband subscribers declined by 106,000 in the quarter due in part to fewer U-verse sales promotions.
|
·
|
Approximately 12.9 million wired voice connections at September 30, 2015 compared to 14.4 million at September 30, 2014. Voice connections include switched access lines and VoIP connections.
|
AT&T INC.
|
|
Date: October 22, 2015
|
By: /s/ Paul W. Stephens
Paul W. Stephens
Senior Vice President and Controller
|
Financial Data
|
||||||||||||||||||||||||
AT&T Inc.
|
||||||||||||||||||||||||
Consolidated Statements of Income
|
||||||||||||||||||||||||
Dollars in millions except per share amounts
|
||||||||||||||||||||||||
Unaudited
|
Three Months Ended
|
Nine Months Ended
|
||||||||||||||||||||||
9/30/2015
|
9/30/2014
|
% Chg
|
9/30/2015
|
9/30/2014
|
% Chg
|
|||||||||||||||||||
Operating Revenues
|
||||||||||||||||||||||||
Service
|
$
|
35,625
|
$
|
29,790
|
19.6
|
%
|
$
|
94,128
|
$
|
89,122
|
5.6
|
%
|
||||||||||||
Equipment
|
3,466
|
3,167
|
9.4
|
%
|
10,554
|
8,886
|
18.8
|
%
|
||||||||||||||||
Total Operating Revenues
|
39,091
|
32,957
|
18.6
|
%
|
104,682
|
98,008
|
6.8
|
%
|
||||||||||||||||
Operating Expenses
|
||||||||||||||||||||||||
Cost of services and sales
|
||||||||||||||||||||||||
Equipment
|
4,313
|
4,432
|
-2.7
|
%
|
13,035
|
12,503
|
4.3
|
%
|
||||||||||||||||
Broadcast, programming and operations
|
4,081
|
1,038
|
-
|
6,351
|
3,019
|
-
|
||||||||||||||||||
Other cost of services and sales (exclusive of depreciation
and amortization shown separately below)
|
9,402
|
8,866
|
-6.0
|
%
|
27,969
|
26,167
|
-6.9
|
%
|
||||||||||||||||
Selling, general and administrative
|
9,107
|
8,475
|
7.5
|
%
|
24,535
|
24,932
|
-1.6
|
%
|
||||||||||||||||
Depreciation and amortization
|
6,265
|
4,539
|
38.0
|
%
|
15,539
|
13,706
|
13.4
|
%
|
||||||||||||||||
Total Operating Expenses
|
33,168
|
27,350
|
21.3
|
%
|
87,429
|
80,327
|
8.8
|
%
|
||||||||||||||||
Operating Income
|
5,923
|
5,607
|
5.6
|
%
|
17,253
|
17,681
|
-2.4
|
%
|
||||||||||||||||
Interest Expense
|
1,146
|
1,016
|
12.8
|
%
|
2,977
|
2,757
|
8.0
|
%
|
||||||||||||||||
Equity in Net Income (Loss) of Affiliates
|
15
|
(2
|
)
|
-
|
48
|
188
|
-74.5
|
%
|
||||||||||||||||
Other (Expense) Income - Net
|
(57
|
)
|
42
|
-
|
61
|
1,456
|
-95.8
|
%
|
||||||||||||||||
Income Before Income Taxes
|
4,735
|
4,631
|
2.2
|
%
|
14,385
|
16,568
|
-13.2
|
%
|
||||||||||||||||
Income Tax Expense
|
1,657
|
1,444
|
14.8
|
%
|
4,784
|
5,914
|
-19.1
|
%
|
||||||||||||||||
Net Income
|
3,078
|
3,187
|
-3.4
|
%
|
9,601
|
10,654
|
-9.9
|
%
|
||||||||||||||||
Less: Net Income Attributable to Noncontrolling Interest
|
(84
|
)
|
(57
|
)
|
-47.4
|
%
|
(262
|
)
|
(213
|
)
|
-23.0
|
%
|
||||||||||||
Net Income Attributable to AT&T
|
$
|
2,994
|
$
|
3,130
|
-4.3
|
%
|
$
|
9,339
|
$
|
10,441
|
-10.6
|
%
|
||||||||||||
Basic Earnings Per Share Attributable to AT&T
|
$
|
0.50
|
$
|
0.60
|
-16.7
|
%
|
$
|
1.71
|
$
|
2.00
|
-14.5
|
%
|
||||||||||||
Weighted Average Common
Shares Outstanding (000,000)
|
5,924
|
5,198
|
14.0
|
%
|
5,447
|
5,208
|
4.6
|
%
|
||||||||||||||||
Diluted Earnings Per Share Attributable to AT&T
|
$
|
0.50
|
$
|
0.60
|
-16.7
|
%
|
$
|
1.71
|
$
|
2.00
|
-14.5
|
%
|
||||||||||||
Weighted Average Common
Shares Outstanding with Dilution (000,000)
|
5,943
|
5,214
|
14.0
|
%
|
5,463
|
5,224
|
4.6
|
%
|
||||||||||||||||
Financial Data
|
|||||||||||||||||||||||||
AT&T Inc.
|
|||||||||||||||||||||||||
Statements of Segment Income
|
|||||||||||||||||||||||||
Dollars in millions
|
|||||||||||||||||||||||||
Unaudited
|
|||||||||||||||||||||||||
Three Months Ended
|
Nine Months Ended
|
||||||||||||||||||||||||
9/30/2015
|
9/30/2014
|
% Chg
|
9/30/2015
|
9/30/2014
|
% Chg
|
||||||||||||||||||||
Business Solutions
|
|||||||||||||||||||||||||
Segment Operating Revenues
|
|||||||||||||||||||||||||
Wireless service
|
$
|
7,732
|
$
|
7,542
|
2.5
|
%
|
$
|
23,003
|
$
|
22,593
|
1.8
|
%
|
|||||||||||||
Fixed strategic services
|
2,763
|
2,454
|
12.6
|
%
|
8,083
|
7,103
|
13.8
|
%
|
|||||||||||||||||
Legacy voice and data services
|
4,499
|
4,928
|
-8.7
|
%
|
13,743
|
15,055
|
-8.7
|
%
|
|||||||||||||||||
Other services
|
885
|
977
|
-9.4
|
%
|
2,585
|
2,834
|
-8.8
|
%
|
|||||||||||||||||
Wireless equipment
|
1,813
|
1,586
|
14.3
|
%
|
5,499
|
4,292
|
28.1
|
%
|
|||||||||||||||||
Total Segment Operating Revenues
|
17,692
|
17,487
|
1.2
|
%
|
52,913
|
51,877
|
2.0
|
%
|
|||||||||||||||||
Segment Operating Expenses
|
|||||||||||||||||||||||||
Operations and Support Expenses
|
10,921
|
11,295
|
-3.3
|
%
|
32,966
|
32,836
|
0.4
|
%
|
|||||||||||||||||
Depreciation and amortization
|
2,474
|
2,331
|
6.1
|
%
|
7,276
|
7,009
|
3.8
|
%
|
|||||||||||||||||
Total Segment Operating Expenses
|
13,395
|
13,626
|
-1.7
|
%
|
40,242
|
39,845
|
1.0
|
%
|
|||||||||||||||||
Segment Operating Income
|
4,297
|
3,861
|
11.3
|
%
|
12,671
|
12,032
|
5.3
|
%
|
|||||||||||||||||
Equity in Net Income of Affiliates
|
-
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||
Segment Contribution
|
$
|
4,297
|
$
|
3,861
|
11.3
|
%
|
$
|
12,671
|
$
|
12,032
|
5.3
|
%
|
|||||||||||||
Segment Operating Income Margin
|
24.3
|
%
|
22.1
|
%
|
23.9
|
%
|
23.2
|
%
|
|||||||||||||||||
Entertainment and Internet Services
|
|||||||||||||||||||||||||
Segment Operating Revenues
|
|||||||||||||||||||||||||
Video entertainment
|
$
|
7,162
|
$
|
1,719
|
-
|
$
|
11,024
|
$
|
5,016
|
-
|
|||||||||||||||
High-speed internet
|
1,685
|
1,414
|
19.2
|
%
|
4,861
|
4,040
|
20.3
|
%
|
|||||||||||||||||
Legacy voice and data services
|
1,419
|
1,834
|
-22.6
|
%
|
4,547
|
5,897
|
-22.9
|
%
|
|||||||||||||||||
Equipment and other
|
592
|
586
|
1.0
|
%
|
1,868
|
1,687
|
10.7
|
%
|
|||||||||||||||||
Total Segment Operating Revenues
|
10,858
|
5,553
|
95.5
|
%
|
22,300
|
16,640
|
34.0
|
%
|
|||||||||||||||||
Segment Operating Expenses
|
|||||||||||||||||||||||||
Operations and Support Expenses
|
8,450
|
4,781
|
76.7
|
%
|
18,222
|
14,182
|
28.5
|
%
|
|||||||||||||||||
Depreciation and amortization
|
1,389
|
1,109
|
25.2
|
%
|
3,519
|
3,396
|
3.6
|
%
|
|||||||||||||||||
Total Segment Operating Expenses
|
9,839
|
5,890
|
67.0
|
%
|
21,741
|
17,578
|
23.7
|
%
|
|||||||||||||||||
Segment Operating Income
|
1,019
|
(337
|
)
|
-
|
559
|
(938
|
)
|
-
|
|||||||||||||||||
Equity in Net Income (Loss) of Affiliates
|
2
|
-
|
-
|
(16
|
)
|
-
|
-
|
||||||||||||||||||
Segment Contribution
|
$
|
1,021
|
$
|
(337
|
)
|
-
|
$
|
543
|
$
|
(938
|
)
|
-
|
|||||||||||||
Segment Operating Income Margin
|
9.4
|
%
|
-6.1
|
%
|
2.5
|
%
|
-5.6
|
%
|
Financial Data
|
|||||||||||||||||||||||||
AT&T Inc.
|
|||||||||||||||||||||||||
Statements of Segment Income
|
|||||||||||||||||||||||||
Dollars in millions
|
|||||||||||||||||||||||||
Unaudited
|
|||||||||||||||||||||||||
Three Months Ended
|
Nine Months Ended
|
||||||||||||||||||||||||
9/30/2015
|
9/30/2014
|
% Chg
|
9/30/2015
|
9/30/2014
|
% Chg
|
||||||||||||||||||||
Consumer Mobility
|
|||||||||||||||||||||||||
Segment Operating Revenues
|
|||||||||||||||||||||||||
Postpaid wireless service
|
$
|
5,527
|
$
|
6,071
|
-9.0
|
%
|
$
|
16,783
|
$
|
18,490
|
-9.2
|
%
|
|||||||||||||
Prepaid wireless service
|
1,198
|
1,163
|
3.0
|
%
|
3,411
|
3,106
|
9.8
|
%
|
|||||||||||||||||
Other service revenue
|
638
|
646
|
-1.2
|
%
|
1,825
|
1,768
|
3.2
|
%
|
|||||||||||||||||
Equipment
|
1,421
|
1,328
|
7.0
|
%
|
4,298
|
3,883
|
10.7
|
%
|
|||||||||||||||||
Total Segment Operating Revenues
|
8,784
|
9,208
|
-4.6
|
%
|
26,317
|
27,247
|
-3.4
|
%
|
|||||||||||||||||
Segment Operating Expenses
|
|||||||||||||||||||||||||
Operations and Support Expenses
|
5,065
|
5,731
|
-11.6
|
%
|
15,808
|
17,173
|
-7.9
|
%
|
|||||||||||||||||
Depreciation and amortization
|
976
|
950
|
2.7
|
%
|
2,912
|
2,846
|
2.3
|
%
|
|||||||||||||||||
Total Segment Operating Expenses
|
6,041
|
6,681
|
-9.6
|
%
|
18,720
|
20,019
|
-6.5
|
%
|
|||||||||||||||||
Segment Operating Income
|
2,743
|
2,527
|
8.5
|
%
|
7,597
|
7,228
|
5.1
|
%
|
|||||||||||||||||
Equity in Net Income (Loss) of Affiliates
|
-
|
(1
|
)
|
-
|
-
|
(1
|
)
|
-
|
|||||||||||||||||
Segment Contribution
|
$
|
2,743
|
$
|
2,526
|
8.6
|
%
|
$
|
7,597
|
$
|
7,227
|
5.1
|
%
|
|||||||||||||
Segment Operating Income Margin
|
31.2
|
%
|
27.4
|
%
|
28.9
|
%
|
26.5
|
%
|
|||||||||||||||||
International
|
|||||||||||||||||||||||||
Segment Operating Revenues
|
|||||||||||||||||||||||||
Video entertainment
|
$
|
945
|
$
|
-
|
-
|
$
|
945
|
$
|
-
|
-
|
|||||||||||||||
Wireless service
|
494
|
-
|
-
|
1,153
|
-
|
-
|
|||||||||||||||||||
Wireless equipment
|
87
|
-
|
-
|
155
|
-
|
-
|
|||||||||||||||||||
Total Segment Operating Revenues
|
1,526
|
-
|
-
|
2,253
|
-
|
-
|
|||||||||||||||||||
Segment Operating Expenses
|
|||||||||||||||||||||||||
Operations and Support Expenses
|
1,384
|
-
|
-
|
2,131
|
-
|
-
|
|||||||||||||||||||
Depreciation and amortization
|
225
|
-
|
-
|
346
|
-
|
-
|
|||||||||||||||||||
Total Segment Operating Expenses
|
1,609
|
-
|
-
|
2,477
|
-
|
-
|
|||||||||||||||||||
Segment Operating Income (Loss)
|
(83
|
)
|
-
|
-
|
(224
|
)
|
-
|
-
|
|||||||||||||||||
Equity in Net Income (Loss) of Affiliates
|
(4
|
)
|
-
|
-
|
(4
|
)
|
153
|
-
|
|||||||||||||||||
Segment Contribution
|
$
|
(87
|
)
|
$
|
-
|
-
|
$
|
(228
|
)
|
$
|
153
|
-
|
|||||||||||||
Segment Operating Income Margin
|
-5.4
|
%
|
-9.9
|
%
|
|||||||||||||||||||||
Financial Data
|
||||||||
AT&T Inc.
|
||||||||
Consolidated Balance Sheets
|
||||||||
Dollars in millions
|
||||||||
Unaudited
|
9/30/15
|
12/31/14
|
||||||
As Adjusted
|
||||||||
Assets
|
||||||||
Current Assets
|
||||||||
Cash and cash equivalents
|
$
|
6,202
|
$
|
8,603
|
||||
Accounts receivable - net of allowances for doubtful accounts of $656 and $454
|
16,329
|
14,527
|
||||||
Prepaid expenses
|
1,166
|
831
|
||||||
Other current assets
|
11,254
|
9,802
|
||||||
Total current assets
|
34,951
|
33,763
|
||||||
Property, Plant and Equipment - Net
|
122,836
|
112,898
|
||||||
Goodwill
|
105,966
|
69,692
|
||||||
Licenses
|
93,063
|
60,824
|
||||||
Customer Lists and Relationships - Net
|
19,608
|
812
|
||||||
Other Intangible Assets - Net
|
8,236
|
5,327
|
||||||
Investments in Equity Affiliates
|
1,744
|
250
|
||||||
Other Assets
|
13,585
|
13,659
|
||||||
Total Assets
|
$
|
399,989
|
$
|
297,225
|
||||
Liabilities and Stockholders' Equity
|
||||||||
Current Liabilities
|
||||||||
Debt maturing within one year
|
$
|
7,535
|
$
|
6,056
|
||||
Accounts payable and accrued liabilities
|
28,280
|
23,592
|
||||||
Advanced billing and customer deposits
|
4,640
|
4,105
|
||||||
Accrued taxes
|
4,591
|
1,136
|
||||||
Dividends payable
|
2,892
|
2,438
|
||||||
Total current liabilities
|
47,938
|
37,327
|
||||||
Long-Term Debt
|
119,395
|
76,011
|
||||||
Deferred Credits and Other Noncurrent Liabilities
|
||||||||
Deferred income taxes
|
53,044
|
38,549
|
||||||
Postemployment benefit obligation
|
36,396
|
37,079
|
||||||
Other noncurrent liabilities
|
20,427
|
17,989
|
||||||
Total deferred credits and other noncurrent liabilities
|
109,867
|
93,617
|
||||||
Stockholders' Equity
|
||||||||
Common stock
|
6,495
|
6,495
|
||||||
Additional paid-in capital
|
89,717
|
91,108
|
||||||
Retained earnings
|
32,627
|
31,081
|
||||||
Treasury stock
|
(12,309
|
)
|
(47,029
|
)
|
||||
Accumulated other comprehensive income
|
5,294
|
8,061
|
||||||
Noncontrolling interest
|
965
|
554
|
||||||
Total stockholders' equity
|
122,789
|
90,270
|
||||||
Total Liabilities and Stockholders' Equity
|
$
|
399,989
|
$
|
297,225
|
Financial Data
|
||||||||
AT&T Inc.
|
||||||||
Consolidated Statements of Cash Flows
|
||||||||
Dollars in millions
|
||||||||
Unaudited
|
||||||||
Nine months ended September 30,
|
||||||||
2015
|
2014
|
|||||||
As Adjusted | ||||||||
Operating Activities
|
||||||||
Net income
|
$
|
9,601
|
$
|
10,654
|
||||
Adjustments to reconcile net income to
|
||||||||
net cash provided by operating activities:
|
||||||||
Depreciation and amortization
|
15,539
|
13,706
|
||||||
Undistributed earnings from investments in equity affiliates
|
(36
|
)
|
(45
|
)
|
||||
Provision for uncollectible accounts
|
895
|
692
|
||||||
Deferred income tax expense
|
1,539
|
1,450
|
||||||
Net gain from sale of investments, net of impairments
|
(46
|
)
|
(1,374
|
)
|
||||
Changes in operating assets and liabilities:
|
||||||||
Accounts receivable
|
453
|
(1,269
|
)
|
|||||
Other current assets
|
350
|
(840
|
)
|
|||||
Accounts payable and accrued liabilities
|
1,279
|
4,790
|
||||||
Retirement benefit funding
|
(595
|
)
|
(420
|
)
|
||||
Other - net
|
(2,284
|
)
|
(1,751
|
)
|
||||
Total adjustments
|
17,094
|
14,939
|
||||||
Net Cash Provided by Operating Activities
|
26,695
|
25,593
|
||||||
Investing Activities
|
||||||||
Construction and capital expenditures:
|
||||||||
Capital expenditures
|
(13,356
|
)
|
(16,829
|
)
|
||||
Interest during construction
|
(566
|
)
|
(178
|
)
|
||||
Acquisitions, net of cash acquired
|
(30,694
|
)
|
(2,053
|
)
|
||||
Dispositions
|
79
|
6,074
|
||||||
Sales (purchases) of securities, net
|
1,490
|
(1,996
|
)
|
|||||
Return of advances to and investments in equity affiliates
|
-
|
3
|
||||||
Other
|
-
|
(1
|
)
|
|||||
Net Cash Used in Investing Activities
|
(43,047
|
)
|
(14,980
|
)
|
||||
Financing Activities
|
||||||||
Net change in short-term borrowings with
|
||||||||
original maturities of three months or less
|
(1
|
)
|
(16
|
)
|
||||
Issuance of long-term debt
|
33,967
|
8,564
|
||||||
Repayment of long-term debt
|
(9,962
|
)
|
(10,376
|
)
|
||||
Purchase of treasury stock
|
-
|
(1,617
|
)
|
|||||
Issuance of treasury stock
|
133
|
34
|
||||||
Dividends paid
|
(7,311
|
)
|
(7,170
|
)
|
||||
Other
|
(2,875
|
)
|
(913
|
)
|
||||
Net Cash Provided by (Used in) Financing Activities
|
13,951
|
(11,494
|
)
|
|||||
Net decrease in cash and cash equivalents
|
(2,401
|
)
|
(881
|
)
|
||||
Cash and cash equivalents beginning of year
|
8,603
|
3,339
|
||||||
Cash and Cash Equivalents End of Period
|
$
|
6,202
|
$
|
2,458
|
Financial Data
|
||||||||||||||||||||||||
AT&T Inc.
|
||||||||||||||||||||||||
Supplementary Operating and Financial Data
|
||||||||||||||||||||||||
Dollars in millions except per share amounts, subscribers and connections in (000s)
|
||||||||||||||||||||||||
Unaudited
|
Three Months Ended
|
Nine Months Ended
|
||||||||||||||||||||||
9/30/2015
|
9/30/2014
|
% Chg
|
9/30/2015
|
9/30/2014
|
% Chg
|
|||||||||||||||||||
Business Solutions Wireless Subscribers
|
71,561
|
62,551
|
14.4
|
%
|
||||||||||||||||||||
Postpaid
|
47,414
|
44,063
|
7.6
|
%
|
||||||||||||||||||||
Reseller
|
83
|
6
|
-
|
|||||||||||||||||||||
Connected Devices1
|
24,064
|
18,482
|
30.2
|
%
|
||||||||||||||||||||
Business Solutions Wireless Net Adds
|
1,875
|
1,816
|
3.2
|
%
|
4,968
|
3,646
|
36.3
|
%
|
||||||||||||||||
Postpaid
|
265
|
545
|
-51.4
|
%
|
850
|
1,498
|
-43.3
|
%
|
||||||||||||||||
Reseller
|
8
|
(4
|
)
|
-
|
14
|
4
|
-
|
|||||||||||||||||
Connected Devices1
|
1,602
|
1,275
|
25.6
|
%
|
4,104
|
2,144
|
91.4
|
%
|
||||||||||||||||
Business Wireless Postpaid Churn
|
1.05
|
%
|
0.84
|
%
|
21 BP
|
0.95
|
%
|
0.84
|
%
|
11 BP
|
||||||||||||||
Consumer Mobility Subscribers
|
54,845
|
56,099
|
-2.2
|
%
|
||||||||||||||||||||
Postpaid
|
29,257
|
31,043
|
-5.8
|
%
|
||||||||||||||||||||
Prepaid1
|
10,988
|
10,026
|
9.6
|
%
|
||||||||||||||||||||
Reseller
|
13,647
|
13,877
|
-1.7
|
%
|
||||||||||||||||||||
Connected Devices1
|
953
|
1,153
|
-17.3
|
%
|
||||||||||||||||||||
Consumer Mobility Net Adds
|
638
|
191
|
-
|
857
|
57
|
|
-
|
|||||||||||||||||
Postpaid
|
23
|
240
|
-90.4
|
%
|
289
|
938
|
-69.2
|
%
|
||||||||||||||||
Prepaid1
|
466
|
(46
|
)
|
-
|
895
|
(244
|
)
|
-
|
||||||||||||||||
Reseller
|
149
|
91
|
63.7
|
%
|
(218
|
)
|
(286
|
)
|
23.8
|
%
|
||||||||||||||
Connected Devices1
|
-
|
(94
|
)
|
-
|
(109
|
)
|
(351
|
)
|
68.9
|
%
|
||||||||||||||
Consumer Mobility Postpaid Churn
|
1.33
|
%
|
1.20
|
%
|
13 BP
|
1.23
|
%
|
1.15
|
%
|
8 BP
|
||||||||||||||
Total Consumer Mobility Churn
|
1.90
|
%
|
2.03
|
%
|
-13 BP
|
1.93
|
%
|
1.99
|
%
|
-6 BP
|
||||||||||||||
Entertainment and Internet Services Connections
|
52,637
|
34,694
|
51.7
|
%
|
||||||||||||||||||||
Video Connections
|
25,424
|
5,848
|
-
|
|||||||||||||||||||||
Satellite
|
19,570
|
-
|
-
|
|||||||||||||||||||||
U-verse
|
5,854
|
5,848
|
0.1
|
%
|
||||||||||||||||||||
Video Net Adds
|
(66
|
)
|
212
|
-
|
(40
|
)
|
591
|
-
|
||||||||||||||||
Satellite
|
26
|
-
|
-
|
26
|
-
|
-
|
||||||||||||||||||
U-verse
|
(92
|
)
|
212
|
-
|
(66
|
)
|
591
|
-
|
||||||||||||||||
Broadband Connections
|
14,322
|
14,465
|
-1.0
|
%
|
||||||||||||||||||||
IP
|
12,185
|
11,010
|
10.7
|
%
|
||||||||||||||||||||
DSL
|
2,137
|
3,455
|
-38.1
|
%
|
||||||||||||||||||||
Broadband Net Adds
|
(106
|
)
|
68
|
-
|
(120
|
)
|
152
|
-
|
||||||||||||||||
IP
|
172
|
547
|
-68.6
|
%
|
802
|
1,527
|
-47.5
|
%
|
||||||||||||||||
DSL
|
(278
|
)
|
(479
|
)
|
42.0
|
%
|
(922
|
)
|
(1,375
|
)
|
32.9
|
%
|
||||||||||||
Total Wireline Voice Connections
|
12,891
|
14,381
|
-10.4
|
%
|
||||||||||||||||||||
AT&T International
|
||||||||||||||||||||||||
Wireless Subscribers and Connections
|
||||||||||||||||||||||||
Subscribers
|
8,091
|
-
|
-
|
|||||||||||||||||||||
Net Adds
|
(231
|
)
|
-
|
-
|
(689
|
)
|
-
|
-
|
||||||||||||||||
Total Churn
|
5.61
|
%
|
-
|
-
|
6.87
|
%
|
-
|
-
|
||||||||||||||||
Video Subscribers and Connections
|
||||||||||||||||||||||||
Latin America Video Subscribers
|
(113
|
)
|
-
|
-
|
12,544
|
-
|
-
|
|||||||||||||||||
Pan Americana
|
16
|
-
|
-
|
7,006
|
-
|
-
|
||||||||||||||||||
Brazil
|
(129
|
)
|
-
|
-
|
5,538
|
-
|
-
|
|||||||||||||||||
AT&T Total Subscribers and Connections
|
||||||||||||||||||||||||
AT&T Mobility Subscribers
|
126,406
|
118,650
|
6.5
|
%
|
||||||||||||||||||||
Postpaid
|
76,671
|
75,105
|
2.1
|
%
|
||||||||||||||||||||
Prepaid1
|
10,988
|
10,026
|
9.6
|
%
|
||||||||||||||||||||
Reseller
|
13,729
|
13,884
|
-1.1
|
%
|
||||||||||||||||||||
Connected Devices1
|
25,018
|
19,635
|
27.4
|
%
|
||||||||||||||||||||
AT&T Mobility Net Adds
|
2,513
|
2,007
|
25.2
|
%
|
5,825
|
3,703
|
57.3
|
%
|
||||||||||||||||
Postpaid
|
289
|
785
|
-63.2
|
%
|
1,140
|
2,436
|
-53.2
|
%
|
||||||||||||||||
Prepaid1
|
466
|
(46
|
)
|
-
|
895
|
(244
|
)
|
-
|
||||||||||||||||
Reseller
|
156
|
87
|
79.3
|
%
|
(205
|
)
|
(281
|
)
|
27.0
|
%
|
||||||||||||||
Connected Devices1
|
1,602
|
1,181
|
35.6
|
%
|
3,995
|
1,792
|
-
|
|||||||||||||||||
M&A Activity, Partitioned Customers and Other Adjs.
|
(9
|
)
|
9
|
-
|
27
|
4,571
|
-99.4
|
%
|
||||||||||||||||
AT&T Mobility Churn
|
||||||||||||||||||||||||
Postpaid Churn
|
1.16
|
%
|
0.99
|
%
|
17 BP
|
1.06
|
%
|
0.97
|
%
|
9 BP
|
||||||||||||||
Total Churn
|
1.33
|
%
|
1.36
|
%
|
-3 BP
|
1.35
|
%
|
1.41
|
%
|
-6 BP
|
||||||||||||||
Other
|
||||||||||||||||||||||||
Domestic Licensed POPs (000,000)
|
321
|
321
|
-
|
|||||||||||||||||||||
Total Video Subscribers
|
37,994
|
6,067
|
-
|
|||||||||||||||||||||
Domestic
|
25,450
|
6,067
|
-
|
|||||||||||||||||||||
Pan Americana
|
7,006
|
-
|
-
|
|||||||||||||||||||||
Brazil
|
5,538
|
-
|
-
|
|||||||||||||||||||||
Total Video Net Adds
|
(178
|
)
|
216
|
-
|
(150
|
)
|
607
|
-
|
||||||||||||||||
Domestic
|
(65
|
)
|
216
|
-
|
(37
|
)
|
607
|
-
|
||||||||||||||||
Pan Americana
|
16
|
-
|
-
|
16
|
-
|
-
|
||||||||||||||||||
Brazil
|
(129
|
)
|
-
|
-
|
(129
|
)
|
-
|
-
|
||||||||||||||||
Total Broadband Connections
|
15,832
|
16,486
|
-4.0
|
%
|
||||||||||||||||||||
IP
|
13,076
|
12,098
|
8.1
|
%
|
||||||||||||||||||||
DSL
|
2,756
|
4,388
|
-37.2
|
%
|
||||||||||||||||||||
Broadband Net Adds
|
(129
|
)
|
38
|
-
|
(196
|
)
|
61
|
-
|
||||||||||||||||
IP
|
192
|
601
|
-68.1
|
%
|
871
|
1,723
|
-49.4
|
%
|
||||||||||||||||
DSL
|
(321
|
)
|
(563
|
)
|
43.0
|
%
|
(1,067
|
)
|
(1,662
|
)
|
35.8
|
%
|
||||||||||||
Total Wireline Voice Connections
|
22,795
|
26,220
|
-13.1
|
%
|
||||||||||||||||||||
AT&T Inc.
|
||||||||||||||||||||||||
Construction and capital expenditures:
|
||||||||||||||||||||||||
Capital expenditures
|
$
|
5,028
|
$
|
5,180
|
-2.9
|
%
|
$
|
13,356
|
$
|
16,829
|
-20.6
|
%
|
||||||||||||
Interest during construction
|
$
|
227
|
$
|
60
|
-
|
$
|
566
|
$
|
178
|
-
|
||||||||||||||
Dividends Declared per Share
|
$
|
0.47
|
$
|
0.46
|
2.2
|
%
|
$
|
1.41
|
$
|
1.38
|
2.2
|
%
|
||||||||||||
End of Period Common Shares Outstanding (000,000)
|
6,152
|
5,185
|
18.6
|
%
|
||||||||||||||||||||
Debt Ratio2
|
50.8
|
%
|
43.9
|
%
|
690 BP
|
|||||||||||||||||||
Total Employees
|
281,240
|
247,700
|
13.5
|
%
|
||||||||||||||||||||
1
|
Prior year amounts restated to conform to current period reporting methodology.
|
2
|
Total long-term debt plus debt maturing within one year divided by total debt plus total stockholders' equity.
|
Notes: For the end of 3Q15, total switched access lines were 17,352.
|
|
Business Solutions and Consumer Mobility may not total to AT&T Mobility due to rounding.
|
Financial Data
|
||||||||||||||||||||||||
AT&T Inc.
|
||||||||||||||||||||||||
Supplemental AT&T Mobility Results
|
||||||||||||||||||||||||
Dollars in millions
|
||||||||||||||||||||||||
Unaudited
|
||||||||||||||||||||||||
Three Months Ended
|
Nine Months Ended
|
|||||||||||||||||||||||
9/30/2015
|
9/30/2014
|
% Chg
|
9/30/2015
|
9/30/2014
|
% Chg
|
|||||||||||||||||||
AT&T Mobility
|
||||||||||||||||||||||||
Operating Revenues
|
||||||||||||||||||||||||
Service
|
$
|
15,095
|
$
|
15,423
|
-2.1
|
%
|
$
|
45,022
|
$
|
45,958
|
-2.0
|
%
|
||||||||||||
Equipment
|
3,234
|
2,914
|
11.0
|
%
|
9,797
|
8,175
|
19.8
|
%
|
||||||||||||||||
Total Segment Operating Revenues
|
18,329
|
18,337
|
-
|
54,819
|
54,133
|
1.3
|
%
|
|||||||||||||||||
Operating Expenses
|
||||||||||||||||||||||||
Operations and Support Expenses
|
10,865
|
11,683
|
-7.0
|
%
|
33,310
|
34,021
|
-2.1
|
%
|
||||||||||||||||
Depreciation and amortization
|
2,046
|
1,909
|
7.2
|
%
|
6,082
|
5,785
|
5.1
|
%
|
||||||||||||||||
Total Operating Expenses
|
12,911
|
13,592
|
-5.0
|
%
|
39,392
|
39,806
|
-1.0
|
%
|
||||||||||||||||
Operating Income
|
5,418
|
4,745
|
14.2
|
%
|
15,427
|
14,327
|
7.7
|
%
|
||||||||||||||||
Equity in Net Income (Loss) of Affiliates
|
-
|
(1
|
)
|
-
|
-
|
(1
|
)
|
-
|
||||||||||||||||
Income
|
$
|
5,418
|
$
|
4,744
|
14.2
|
%
|
$
|
15,427
|
$
|
14,326
|
7.7
|
%
|
||||||||||||
Operating Income Margin
|
29.6
|
%
|
25.9
|
%
|
28.1
|
%
|
26.5
|
%
|