AT&T Inc.
Financial Data
Consolidated Statements of Income
Dollars in millions except per share amounts	Three Months Ended									Twelve Months Ended
Unaudited	December 31,						Percent			December 31,						Percent
	2016			2015			Change			2016			2015			Change
Operating Revenues
Service	$	37,369		$	37,635			-0.7	%	$	148,884		$	131,677			13.1	%
Equipment		4,472			4,484			-0.3	%		14,902			15,124			-1.5	%
Total Operating Revenues		41,841			42,119			-0.7	%		163,786			146,801			11.6	%
Operating Expenses
Cost of services and sales
Equipment		5,667			5,868			-3.4	%		18,757			19,268			-2.7	%
Broadcast, programming and operations		5,612			5,645			-0.6	%		19,851			11,996			65.5	%
Other cost of services (exclusive of depreciation           and amortization shown separately below)		9,840			8,178			20.3	%		38,276			35,782			7.0	%
Selling, general and administrative		9,984			8,419			18.6	%		36,347			32,919			10.4	%
Asset abandonments and impairments		361			-			-	%		361			35			-	%
Depreciation and amortization		6,129			6,477			-5.4	%		25,847			22,016			17.4	%
Total Operating Expenses		37,593			34,587			8.7	%		139,439			122,016			14.3	%
Operating Income		4,248			7,532			-43.6	%		24,347			24,785			-1.8	%
Interest Expense		1,221			1,143			6.8	%		4,910			4,120			19.2	%
Equity in Net Income of Affiliates		41			31			32.3	%		98			79			24.1	%
Other Income (Expense) - Net		123			(113	)		-	%		277			(52	)		-	%
Income Before Income Taxes		3,191			6,307			-49.4	%		19,812			20,692			-4.3	%
Income Tax Expense		676			2,221			-69.6	%		6,479			7,005			-7.5	%
Net Income		2,515			4,086			-38.4	%		13,333			13,687			-2.6	%
Less: Net Income Attributable to     Noncontrolling Interest		(78	)		(80	)		2.5	%		(357	)		(342	)		-4.4	%
Net Income Attributable to AT&T	$	2,437		$	4,006			-39.2	%	$	12,976		$	13,345			-2.8	%
Basic Earnings Per Share Attributable to AT&T	$	0.39		$	0.65			-40.0	%	$	2.10		$	2.37			-11.4	%
Weighted Average Common        Shares Outstanding (000,000)		6,161			6,165			-0.1	%		6,168			5,628			9.6	%
Diluted Earnings Per Share Attributable to AT&T	$	0.39		$	0.65			-40.0	%	$	2.10		$	2.37			-11.4	%
Weighted Average Common        Shares Outstanding with Dilution (000,000)		6,181			6,187			-0.1	%		6,189			5,646			9.6	%

AT&T Inc.
Financial Data
Consolidated Balance Sheets
Dollars in millions
Unaudited	Dec. 31,			Dec. 31,
	2016			2015
Assets
Current Assets
Cash and cash equivalents	$	5,788		$	5,121
Accounts receivable - net of allowances for doubtful accounts of $661 and $704		16,794			16,532
Prepaid expenses		1,555			1,072
Other current assets		14,232			13,267
Total current assets		38,369			35,992
Property, Plant and Equipment - Net		124,899			124,450
Goodwill		105,207			104,568
Licenses		94,176			93,093
Customer Lists and Relationships - Net		14,243			18,208
Other Intangible Assets - Net		8,441			9,409
Investments in Equity Affiliates		1,674			1,606
Other Assets		16,812			15,346
Total Assets	$	403,821		$	402,672
Liabilities and Stockholders' Equity
Current Liabilities
Debt maturing within one year	$	9,832		$	7,636
Accounts payable and accrued liabilities		31,138			30,372
Advanced billing and customer deposits		4,519			4,682
Accrued taxes		2,079			2,176
Dividends payable		3,008			2,950
Total current liabilities		50,576			47,816
Long-Term Debt		113,681			118,515
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes		60,128			56,181
Postemployment benefit obligation		33,578			34,262
Other noncurrent liabilities		21,748			22,258
Total deferred credits and other noncurrent liabilities		115,454			112,701
Stockholders' Equity
Common stock		6,495			6,495
Additional paid-in capital		89,604			89,763
Retained earnings		34,734			33,671
Treasury stock		(12,659	)		(12,592	)
Accumulated other comprehensive income		4,961			5,334
Noncontrolling interest		975			969
Total stockholders' equity		124,110			123,640
Total Liabilities and Stockholders' Equity	$	403,821		$	402,672

AT&T Inc.
Financial Data
Consolidated Statements of Cash Flows
Dollars in millions	Twelve Months Ended
Unaudited	December 31,
	2016			2015
Operating Activities
Net income	$	13,333		$	13,687
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		25,847			22,016
Undistributed earnings from investments in equity affiliates		(37	)		(49	)
Provision for uncollectible accounts		1,474			1,416
Deferred income tax expense		2,947			4,117
Net (gain) loss from sale of investments, net of impairments		(169	)		91
Actuarial loss (gain) on pension and postretirement benefits		1,024			(2,152	)
Asset abandonments and impairments		361			35
Changes in operating assets and liabilities:
Accounts receivable		(1,003	)		30
Other current assets		1,708			(1,182	)
Accounts payable and accrued liabilities		118			1,354
Equipment installment receivables and related sales		(576	)		(3,023	)
Deferred fulfillment costs		(2,359	)		(1,437	)
Retirement benefit funding		(910	)		(735	)
Other - net		(2,414	)		1,712
Total adjustments		26,011			22,193
Net Cash Provided by Operating Activities		39,344			35,880
Investing Activities
Capital expenditures:
Purchase of property and equipment		(21,516	)		(19,218	)
Interest during construction		(892	)		(797	)
Acquisitions, net of cash acquired		(2,959	)		(30,759	)
Dispositions		646			83
Sales of securities, net		506			1,545
Other		-			2
Net Cash Used in Investing Activities		(24,215	)		(49,144	)
Financing Activities
Net change in short-term borrowings with original maturities of three months or less		-			(1	)
Issuance of long-term debt		10,140			33,969
Repayment of long-term debt		(10,823	)		(10,042	)
Purchase of treasury stock		(512	)		(269	)
Issuance of treasury stock		146			143
Dividends paid		(11,797	)		(10,200	)
Other		(1,616	)		(3,818	)
Net Cash (Used in) Provided by Financing Activities		(14,462	)		9,782
Net increase (decrease) in cash and cash equivalents		667			(3,482	)
Cash and cash equivalents beginning of year		5,121			8,603
Cash and Cash Equivalents End of Year	$	5,788		$	5,121

AT&T Inc.
Consolidated Supplementary Data
Supplementary Financial Data
Dollars in millions except per share amounts	Three Months Ended									Twelve Months Ended
Unaudited	December 31,						Percent			December 31,						Percent
	2016			2015			Change			2016			2015			Change
Capital expenditures
Purchase of property and equipment	$	6,233		$	5,862			6.3	%	$	21,516		$	19,218			12.0	%
Interest during construction		223			231			-3.5	%		892			797			11.9	%
Total Capital Expenditures	$	6,456		$	6,093			6.0	%	$	22,408		$	20,015			12.0	%
Dividends Declared per Share	$	0.49		$	0.48			2.1	%	$	1.93		$	1.89			2.1	%
End of Period Common Shares Outstanding (000,000)											6,139			6,145			-0.1	%
Debt Ratio											49.9	%		50.5	%		-60	BP
Total Employees											268,540			281,450			-4.6	%
Supplementary Operating Data
Subscribers and connections in thousands
Unaudited											December 31,					Percent
											2016			2015		Change
Wireless Subscribers
Domestic											134,859			128,640			4.8	%
Mexico											11,973			8,684			37.9	%
Total Wireless Subscribers											146,832			137,324			6.9	%
Total Branded Wireless Subscribers											103,011			96,937			6.3	%
Video Connections
Domestic											25,293			25,424			-0.5	%
PanAmericana											7,206			7,066			2.0	%
Brazil											5,249			5,444			-3.6	%
Total Video Connections											37,748			37,934			-0.5	%
Broadband Connections
IP											13,864			13,268			4.5	%
DSL											1,741			2,510			-30.6	%
Total Broadband Connections											15,605			15,778			-1.1	%
Voice Connections
Network Access Lines											13,986			16,670			-16.1	%
U-verse  VoIP Connections											5,787			5,453			6.1	%
Total Retail Consumer Voice Connections											19,773			22,123			-10.6	%
		Three Months Ended									Twelve Months Ended
		December 31,						Percent			December 31,						Percent
		2016			2015			Change			2016			2015			Change
Wireless Net Additions
Domestic		1,522			2,234			-31.9	%		6,196			8,059			-23.1	%
Mexico		1,275			593			-	%		3,289			(96	)		-	%
Total Wireless Net Additions		2,797			2,827			-1.1	%		9,485			7,963			19.1	%
Total Branded Wireless Net Additions		2,221			1,633			36.0	%		6,102			3,038			-	%
Video Net Additions
Domestic		(28	)		(26	)		-7.7	%		(131	)		(63	)		-	%
PanAmericana		67			60			11.7	%		140			76			84.2	%
Brazil		(88	)		(94	)		6.4	%		(195	)		(223	)		12.6	%
Total Video Net Additions		(49	)		(60	)		18.3	%		(186	)		(210	)		11.4	%
Broadband Net Additions
IP		149			192			-22.4	%		596			1,063			-43.9	%
DSL		(162	)		(246	)		34.1	%		(769	)		(1,313	)		41.4	%
Total Broadband Net Additions		(13	)		(54	)		75.9	%		(173	)		(250	)		30.8	%

BUSINESS SOLUTIONS
The Business Solutions segment provides services to business customers, including multinational companies; governmental and wholesale customers; and individual subscribers who purchase wireless services through employer-sponsored plans. We provide advanced IP-based services including Virtual Private Networks (VPN); Ethernet-related products and broadband, collectively referred to as strategic business services; as well as traditional data and voice products. We utilize our wireless and wired networks (referred to as "wired" or "wireline") to provide a complete communications solution to our business customers.
Segment Results
Dollars in millions	Three Months Ended								Twelve Months Ended
Unaudited	December 31,						Percent		December 31,						Percent
	2016			2015			Change		2016			2015			Change
Segment Operating Revenues
Wireless service	$	7,983		$	7,684		3.9	%	$	31,850		$	30,687		3.8	%
Fixed strategic services		2,942			2,716		8.3	%		11,389			10,461		8.9	%
Legacy voice and data services		3,797			4,387		-13.4	%		16,364			18,468		-11.4	%
Other service and equipment		963			973		-1.0	%		3,615			3,558		1.6	%
Wireless equipment		2,348			2,454		-4.3	%		7,770			7,953		-2.3	%
Total Segment Operating Revenues		18,033			18,214		-1.0	%		70,988			71,127		-0.2	%
Segment Operating Expenses
Operations and support expenses		11,746			11,980		-2.0	%		44,330			44,946		-1.4	%
Depreciation and amortization		2,264			2,513		-9.9	%		9,832			9,789		0.4	%
Total Segment Operating Expenses		14,010			14,493		-3.3	%		54,162			54,735		-1.0	%
Segment Operating Income		4,023			3,721		8.1	%		16,826			16,392		2.6	%
Equity in Net Income of Affiliates		-			-		-	%		-			-		-	%
Segment Contribution	$	4,023		$	3,721		8.1	%	$	16,826		$	16,392		2.6	%
Segment Operating Income Margin		22.3	%		20.4	%	190	BP		23.7	%		23.0	%	70	BP
Supplementary Operating Data
Subscribers and connections in thousands
Unaudited									December 31,						Percent
										2016			2015		Change
Business Solutions Wireless Subscribers
Postpaid/Branded										50,688			48,290		5.0	%
Reseller										65			85		-23.5	%
Connected Devices										30,649			25,284		21.2	%
Total Business Solutions Wireless Subscribers										81,402			73,659		10.5	%
Business Solutions IP Broadband Connections										977			911		7.2	%
	Three Months Ended								Twelve Months Ended
	December 31,						Percent		December 31,						Percent
		2016			2015		Change			2016			2015		Change
Business Solutions Wireless Net Additions
Postpaid/Branded		250			353		-29.2	%		759			1,203		-36.9	%
Reseller		1			(1	)	-	%		(33	)		13		-	%
Connected Devices		1,263			1,211		4.3	%		5,330			5,315		0.3	%
Total Business Solutions Wireless Net Additions		1,514			1,563		-3.1	%		6,056			6,531		-7.3	%
Business Solutions Wireless Postpaid Churn		1.11	%		1.10	%	1	BP		1.00	%		0.99	%	1	BP
Business Solutions IP Broadband   Net Additions		14			19		-26.3	%		66			89		-25.8	%

ENTERTAINMENT GROUP
The Entertainment Group segment provides video, internet, voice communication, and interactive and targeted advertising services to customers located in the U.S. or in U.S. territories. We utilize our copper and IP-based wired network and/or our satellite technology.
Segment Results
Dollars in millions		Three Months Ended									Twelve Months Ended
Unaudited		December 31,						Percent			December 31,						Percent
		2016			2015			Change			2016			2015			Change
Segment Operating Revenues
Video entertainment		$	9,567		$	9,247			3.5	%	$	36,460		$	20,271			79.9	%
High-speed internet			1,910			1,740			9.8	%		7,472			6,601			13.2	%
Legacy voice and data services			1,104			1,367			-19.2	%		4,829			5,914			-18.3	%
Other service and equipment			625			640			-2.3	%		2,534			2,508			1.0	%
Total Segment Operating Revenues			13,206			12,994			1.6	%		51,295			35,294			45.3	%
Segment Operating Expenses
Operations and support expenses			10,463			10,123			3.4	%		39,338			28,345			38.8	%
Depreciation and amortization			1,381			1,426			-3.2	%		5,862			4,945			18.5	%
Total Segment Operating Expenses			11,844			11,549			2.6	%		45,200			33,290			35.8	%
Segment Operating Income			1,362			1,445			-5.7	%		6,095			2,004			-	%
Equity in Net Income (Loss) of Affiliates			8			12			-33.3	%		9			(4	)		-	%
Segment Contribution		$	1,370		$	1,457			-6.0	%	$	6,104		$	2,000			-	%
Segment Operating Income Margin			10.3	%		11.1	%		-80	BP		11.9	%		5.7	%		620	BP
Supplementary Operating Data
Subscribers and connections in thousands
Unaudited											December 31,						Percent
												2016			2015		Change
Video Connections
Satellite												21,012			19,784			6.2	%
U-verse												4,253			5,614			-24.2	%
Total Video Connections												25,265			25,398			-0.5	%
Broadband Connections
IP												12,888			12,356			4.3	%
DSL												1,291			1,930			-33.1	%
Total Broadband Connections												14,179			14,286			-0.7	%
Voice Connections
Retail Consumer Switched Access Lines												5,853			7,286			-19.7	%
U-verse Consumer VoIP Connections												5,425			5,212			4.1	%
Total Retail Consumer Voice Connections												11,278			12,498			-9.8	%
		Three Months Ended									Twelve Months Ended
		December 31,						Percent			December 31,						Percent
			2016			2015		Change				2016			2015		Change
Video Net Additions1
Satellite			235			214			9.8	%		1,228			240			-	%
U-verse			(262	)		(240	)		-9.2	%		(1,361	)		(306	)		-	%
Total Video Net Additions			(27	)		(26	)		-3.8	%		(133	)		(66	)		-	%
1	Includes customers that migrated to DIRECTV NOW
Broadband Net Additions
IP			136			171			-20.5	%		532			973			-45.3	%
DSL			(133	)		(208	)		36.1	%		(639	)		(1,130	)		43.5	%
Total Broadband Net Additions			3			(37	)		-	%		(107	)		(157	)		31.8	%

CONSUMER MOBILITY
The Consumer Mobility segment provides nationwide wireless service to consumers and wholesale and resale wireless subscribers located in the U.S. or in U.S. territories. We utilize our U.S. wireless network to provide voice and data services, including high-speed internet, video, and home monitoring services.
Segment Results
Dollars in millions	Three Months Ended									Twelve Months Ended
Unaudited	December 31,						Percent				December 31,						Percent
	2016			2015			Change				2016			2015			Change
Segment Operating Revenues
Service	$	6,731		$	7,131			-5.6	%		$	27,536		$	29,150			-5.5	%
Equipment		1,688			1,618			4.3	%			5,664			5,916			-4.3	%
Total Segment Operating Revenues		8,419			8,749			-3.8	%			33,200			35,066			-5.3	%
Segment Operating Expenses
Operations and support expenses		5,316			5,669			-6.2	%			19,659			21,477			-8.5	%
Depreciation and amortization		918			939			-2.2	%			3,716			3,851			-3.5	%
Total Segment Operating Expenses		6,234			6,608			-5.7	%			23,375			25,328			-7.7	%
Segment Operating Income		2,185			2,141			2.1	%			9,825			9,738			0.9	%
Equity in Net Income of Affiliates		-			-			-	%			-			-			-	%
Segment Contribution	$	2,185		$	2,141			2.1	%		$	9,825		$	9,738			0.9	%
Segment Operating Income Margin		26.0	%		24.5	%		150	BP			29.6	%		27.8	%		180	BP
Supplementary Operating Data
Subscribers and connections in thousands
Unaudited											December 31,						Percent
												2016			2015		Change
Consumer Mobility Subscribers
Postpaid												27,095			28,814			-6.0	%
Prepaid												13,536			11,548			17.2	%
Branded												40,631			40,362			0.7	%
Reseller												11,884			13,690			-13.2	%
Connected Devices												942			929			1.4	%
Total Consumer Mobility Subscribers												53,457			54,981			-2.8	%
	Three Months Ended										Twelve Months Ended
	December 31,						Percent				December 31,						Percent
		2016			2015		Change					2016			2015		Change
Consumer Mobility Net Additions
Postpaid		270			174			55.2	%			359			463			-22.5	%
Prepaid		406			469			-13.4	%			1,575			1,364			15.5	%
Branded		676			643			5.1	%			1,934			1,827			5.9	%
Reseller		(673	)		50			-	%			(1,813	)		(168	)		-	%
Connected Devices		5			(22	)		-	%			19			(131	)		-	%
Total Consumer Mobility Net Additions		8			671			-98.8	%			140			1,528			-90.8	%
Total Churn		2.43	%		1.97	%		46	BP			2.15	%		1.94	%		21	BP
Postpaid Churn		1.25	%		1.31	%		-6	BP			1.19	%		1.25	%		-6	BP

INTERNATIONAL
The International segment provides entertainment services in Latin America and wireless services in Mexico. Video entertainment services are provided to primarily residential customers using satellite technology. We utilize our regional and national wireless networks in Mexico to provide consumer and business customers with wireless data and voice communication services. Our international subsidiaries conduct business in their local currency and operating results are converted to U.S. dollars using official exchange rates.
Segment Results
Dollars in millions	Three Months Ended									Twelve Months Ended
Unaudited	December 31,						Percent			December 31,						Percent
	2016			2015			Change			2016			2015			Change
Segment Operating Revenues
Video entertainment	$	1,261		$	1,206			4.6	%	$	4,910		$	2,151			-	%
Wireless service		477			494			-3.4	%		1,905			1,647			15.7	%
Wireless equipment		171			149			14.8	%		468			304			53.9	%
Total Segment Operating Revenues		1,909			1,849			3.2	%		7,283			4,102			77.5	%
Segment Operating Expenses
Operations and support expenses		1,879			1,799			4.4	%		6,830			3,930			73.8	%
Depreciation and amortization		298			309			-3.6	%		1,166			655			78.0	%
Total Segment Operating Expenses		2,177			2,108			3.3	%		7,996			4,585			74.4	%
Segment Operating Income (Loss)		(268	)		(259	)		-3.5	%		(713	)		(483	)		-47.6	%
Equity in Net Income (Loss) of Affiliates		28			(1	)		-	%		52			(5	)		-	%
Segment Contribution	$	(240	)	$	(260	)		7.7	%	$	(661	)	$	(488	)		-35.5	%
Segment Operating Income Margin		(14.0	)%		(14.0	)%		-	BP		(9.8	)%		(11.8	)%		200	BP
Supplementary Operating Data
Subscribers and connections in thousands
Unaudited										December 31,						Percent
											2016			2015		Change
Mexican Wireless Subscribers
Postpaid											4,965			4,289			15.8	%
Prepaid											6,727			3,995			68.4	%
Branded											11,692			8,284			41.1	%
Reseller											281			400			-29.8	%
Total Mexican Wireless Subscribers											11,973			8,684			37.9	%
Latin America Satellite Subscribers
PanAmericana											7,206			7,066			2.0	%
SKY Brazil											5,249			5,444			-3.6	%
Total Latin America Satellite Subscribers											12,455			12,510			-0.4	%
	Three Months Ended									Twelve Months Ended
	December 31,						Percent			December 31,						Percent
		2016			2015		Change				2016			2015		Change
Mexican Wireless Net Additions
Postpaid		233			130			79.2	%		677			177			-	%
Prepaid		1,062			508			-	%		2,732			(169	)		-	%
Branded		1,295			638			-	%		3,409			8			-	%
Reseller		(20	)		(45	)		55.6	%		(120	)		(104	)		-15.4	%
Total Mexican Wireless Net Additions		1,275			593			-	%		3,289			(96	)		-	%
Latin America Satellite Net Additions
PanAmericana		67			60			11.7	%		140			76			84.2	%
SKY Brazil		(88	)		(94	)		6.4	%		(195	)		(223	)		12.6	%
Total Latin America Satellite Net Additions		(21	)		(34	)		38.2	%		(55	)		(147	)		62.6	%

SUPPLEMENTAL OPERATING INFORMATION - AT&T MOBILITY
As a supplemental discussion of our operating results, for comparison purposes, we are providing a view of our combined domestic wireless operations (AT&T Mobility).
Operating Results
Dollars in millions	Three Months Ended										Twelve Months Ended
Unaudited	December 31,							Percent			December 31,							Percent
	2016				2015			Change			2016				2015			Change
Operating Revenues
Service		$	14,713		$	14,815			-0.7	%		$	59,386		$	59,837			-0.8	%
Equipment			4,037			4,071			-0.8	%			13,435			13,868			-3.1	%
Total Operating Revenues			18,750			18,886			-0.7	%			72,821			73,705			-1.2	%
Operating Expenses
Operations and support expenses			12,064			12,479			-3.3	%			43,886			45,789			-4.2	%
Depreciation and amortization			2,048			2,031			0.8	%			8,292			8,113			2.2	%
Total Operating Expenses			14,112			14,510			-2.7	%			52,178			53,902			-3.2	%
Operating Income			4,638			4,376			6.0	%			20,643			19,803			4.2	%
Equity in Net Income of Affiliates			-			-			-	%			-			-			-	%
Operating Contribution		$	4,638		$	4,376			6.0	%		$	20,643		$	19,803			4.2	%
Operating Income Margin			24.7	%		23.2	%		150	BP			28.3	%		26.9	%		140	BP
Supplementary Operating Data
Subscribers and connections in thousands
Unaudited											December 31,							Percent
													2016			2015		Change
AT&T Mobility Subscribers
Postpaid													77,783			77,105			0.9	%
Prepaid													13,536			11,548			17.2	%
Branded													91,319			88,653			3.0	%
Reseller													11,949			13,774			-13.2	%
Connected Devices													31,591			26,213			20.5	%
Total AT&T Mobility Subscribers													134,859			128,640			4.8	%
Domestic Licensed POPs (000,000)													322			321			0.3	%
	Three Months Ended										Twelve Months Ended
	December 31,							Percent			December 31,							Percent
			2016			2015		Change					2016			2015		Change
AT&T Mobility Net Additions
Postpaid			520			526			-1.1	%			1,118			1,666			-32.9	%
Prepaid			406			469			-13.4	%			1,575			1,364			15.5	%
Branded			926			995			-6.9	%			2,693			3,030			-11.1	%
Reseller			(672	)		50			-	%			(1,846	)		(155	)		-	%
Connected Devices			1,268			1,189			6.6	%			5,349			5,184			3.2	%
Total AT&T Mobility Net Additions			1,522			2,234			-31.9	%			6,196			8,059			-23.1	%
M&A Activity, Partitioned Customers and   Other Adjustments			(1	)		-			-	%			23			27			-14.8	%
Total Churn			1.71	%		1.50	%		21	BP			1.48	%		1.39	%		9	BP
Branded Churn			1.74	%		1.72	%		2	BP			1.62	%		1.63	%		-1	BP
Postpaid Churn			1.16	%		1.18	%		-2	BP			1.07	%		1.09	%		-2	BP
Postpaid Phone Only Churn			0.98	%		1.07	%		-9	BP			0.92	%		0.99	%		-7	BP

SUPPLEMENTAL SEGMENT RECONCILIATION
Three Months Ended
Dollars in millions
Unaudited
December 31, 2016
	Revenues			Operations and Support Expenses			EBITDA			Depreciation and Amortization		Operating Income (Loss)			Equity in Net Income (Loss) of Affiliates			Segment Contribution
Business Solutions	$	18,033		$	11,746		$	6,287		$	2,264	$	4,023		$	-		$	4,023
Entertainment Group		13,206			10,463			2,743			1,381		1,362			8			1,370
Consumer Mobility		8,419			5,316			3,103			918		2,185			-			2,185
International		1,909			1,879			30			298		(268	)		28			(240	)
Segment Total		41,567			29,404			12,163			4,861		7,302		$	36		$	7,338
Corporate and Other		284			233			51			11		40
Acquisition-related items		-			385			(385	)		1,228		(1,613	)
Certain Significant items		(10	)		1,442			(1,452	)		29		(1,481	)
AT&T Inc.	$	41,841		$	31,464		$	10,377		$	6,129	$	4,248
December 31, 2015
	Revenues			Operations and Support Expenses			EBITDA			Depreciation and Amortization		Operating Income (Loss)			Equity in Net Income (Loss) of Affiliates			Segment Contribution
Business Solutions	$	18,214		$	11,980		$	6,234		$	2,513	$	3,721		$	-		$	3,721
Entertainment Group		12,994			10,123			2,871			1,426		1,445			12			1,457
Consumer Mobility		8,749			5,669			3,080			939		2,141			-			2,141
International		1,849			1,799			50			309		(259	)		(1	)		(260	)
Segment Total		41,806			29,571			12,235			5,187		7,048		$	11		$	7,059
Corporate and Other		313			272			41			17		24
Acquisition-related items		-			383			(383	)		1,273		(1,656	)
Certain Significant items		-			(2,116	)		2,116			-		2,116
AT&T Inc.	$	42,119		$	28,110		$	14,009		$	6,477	$	7,532
Twelve Months Ended
Dollars in millions
Unaudited
December 31, 2016
	Revenues			Operations and Support Expenses			EBITDA			Depreciation and Amortization		Operating Income (Loss)			Equity in Net Income (Loss) of Affiliates			Segment Contribution
Business Solutions	$	70,988		$	44,330		$	26,658		$	9,832	$	16,826		$	-		$	16,826
Entertainment Group		51,295			39,338			11,957			5,862		6,095			9			6,104
Consumer Mobility		33,200			19,659			13,541			3,716		9,825			-			9,825
International		7,283			6,830			453			1,166		(713	)		52			(661	)
Segment Total		162,766			110,157			52,609			20,576		32,033		$	61		$	32,094
Corporate and Other		1,043			1,173			(130	)		65		(195	)
Acquisition-related items		-			1,203			(1,203	)		5,177		(6,380	)
Certain Significant items		(23	)		1,059			(1,082	)		29		(1,111	)
AT&T Inc.	$	163,786		$	113,592		$	50,194		$	25,847	$	24,347
December 31, 2015
	Revenues			Operations and Support Expenses			EBITDA			Depreciation and Amortization		Operating Income (Loss)			Equity in Net Income (Loss) of Affiliates			Segment Contribution
Business Solutions	$	71,127		$	44,946		$	26,181		$	9,789	$	16,392		$	-		$	16,392
Entertainment Group		35,294			28,345			6,949			4,945		2,004			(4	)		2,000
Consumer Mobility		35,066			21,477			13,589			3,851		9,738			-			9,738
International		4,102			3,930			172			655		(483	)		(5	)		(488	)
Segment Total		145,589			98,698			46,891			19,240		27,651		$	(9	)	$	27,642
Corporate and Other		1,297			1,057			240			64		176
Acquisition-related items		(85	)		1,987			(2,072	)		2,712		(4,784	)
Certain Significant items		-			(1,742	)		1,742			-		1,742
AT&T Inc.	$	146,801		$	100,000		$	46,801		$	22,016	$	24,785