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Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating Revenues        
Service $ 40,317 $ 41,297 $ 122,024 $ 109,849
Equipment 4,271 4,442 12,348 12,914
Total operating revenues 44,588 45,739 134,372 122,763
Operating Expenses        
Other cost of revenues (exclusive of depreciation and amortization shown separately below) 8,604 8,651 25,910 24,215
Selling, general and administrative 9,584 9,598 29,077 26,179
Depreciation and amortization 6,949 8,166 21,256 20,538
Total operating expenses 36,687 38,470 111,738 102,827
Operating Income 7,901 7,269 22,634 19,936
Other Income (Expense)        
Interest expense (2,083) (2,051) (6,373) (5,845)
Equity in net income (loss) of affiliates 3 (64) 36 (71)
Other income (expense) - net (935) 1,053 (967) 5,108
Total other income (expense) (3,015) (1,062) (7,304) (808)
Income Before Income Taxes 4,886 6,207 15,330 19,128
Income tax expense 937 1,391 3,059 4,305
Net Income 3,949 4,816 12,271 14,823
Less: Net Income Attributable to Noncontrolling Interest (249) (98) (762) (311)
Net Income Attributable to AT&T $ 3,700 $ 4,718 $ 11,509 $ 14,512
Basic Earnings Per Share Attributable to AT&T $ 0.50 $ 0.65 $ 1.57 $ 2.19
Diluted Earnings Per Share Attributable to AT&T $ 0.50 $ 0.65 $ 1.57 $ 2.19
Weighted Average Number of Common Shares Outstanding - Basic (in millions) 7,327 7,284 7,321 6,603
Weighted Average Number of Common Shares Outstanding - with Dilution (in millions) 7,356 7,320 7,350 6,630
Equipment        
Operating Expenses        
Cost of Goods and Services Sold $ 4,484 $ 4,828 $ 13,047 $ 14,053
Broadcast, programming and operations        
Operating Expenses        
Cost of Goods and Services Sold $ 7,066 $ 7,227 $ 22,448 $ 17,842