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Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenues    
Total operating revenues $ 30,028 $ 30,139
Cost of revenues    
Other cost of revenues (exclusive of depreciation and amortization shown separately below) 6,811 6,673
Selling, general and administrative 7,021 7,175
Asset impairments and abandonments and restructuring 159 0
Depreciation and amortization 5,047 4,631
Total operating expenses 24,181 24,137
Operating Income 5,847 6,002
Other Income (Expense)    
Interest expense (1,724) (1,708)
Equity in net income of affiliates 295 538
Other income (expense) — net 451 935
Total other income (expense) (978) (235)
Income Before Income Taxes 4,869 5,767
Income tax expense 1,118 1,314
Net Income 3,751 4,453
Less: Net Income Attributable to Noncontrolling Interest (306) (225)
Net Income Attributable to AT&T 3,445 4,228
Less: Preferred Stock Dividends (50) (52)
Net Income Attributable to Common Stock $ 3,395 $ 4,176
Basic earnings per share attributable to Common Stock (in dollars per share) $ 0.47 $ 0.58
Diluted earnings per share (in dollars per share) $ 0.47 $ 0.57
Weighted Average Number of Common Shares Outstanding - Basic (in millions) (in shares) 7,192 7,168
Weighted Average Number of Common Shares Outstanding - with Dilution (in millions) (in shares) 7,193 7,474
Service    
Operating Revenues    
Total operating revenues $ 24,842 $ 24,617
Equipment    
Operating Revenues    
Total operating revenues 5,186 5,522
Cost of revenues    
Cost of goods and services sold $ 5,143 $ 5,658