v3.24.3
Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Revenues        
Total operating revenues $ 30,213 $ 30,350 $ 90,038 $ 90,406
Cost of revenues        
Other cost of revenues (exclusive of depreciation and amortization shown separately below) 6,697 6,835 20,135 20,279
Selling, general and administrative 6,958 7,205 21,022 21,389
Asset impairments and abandonments and restructuring 4,422 604 5,061 604
Depreciation and amortization 5,087 4,705 15,206 14,011
Total operating expenses 28,097 24,568 76,315 72,216
Operating Income 2,116 5,782 13,723 18,190
Other Income (Expense)        
Interest expense (1,675) (1,662) (5,098) (4,978)
Equity in net income of affiliates 272 420 915 1,338
Other income (expense) — net 717 440 1,850 2,362
Total other income (expense) (686) (802) (2,333) (1,278)
Income Before Income Taxes 1,430 4,980 11,390 16,912
Income tax expense 1,285 1,154 3,545 3,871
Net Income 145 3,826 7,845 13,041
Less: Net Income Attributable to Noncontrolling Interest (319) (331) (977) (829)
Net Income (Loss) Attributable to AT&T (174) 3,495 6,868 12,212
Less: Preferred Stock Dividends (52) (51) (153) (155)
Net Income (Loss) Attributable to Common Stock $ (226) $ 3,444 $ 6,715 $ 12,057
Basic earnings per share attributable to Common Stock (in dollars per share) $ (0.03) $ 0.48 $ 0.93 $ 1.67
Diluted earnings per share (in dollars per share) $ (0.03) $ 0.48 $ 0.93 $ 1.67
Weighted Average Number of Common Shares Outstanding - Basic (in millions) (in shares) 7,202 7,185 7,197 7,178
Weighted Average Number of Common Shares Outstanding - with Dilution (in millions) (in shares) 7,208 7,185 7,200 7,280
Service        
Operating Revenues        
Total operating revenues $ 25,134 $ 25,112 $ 74,982 $ 74,579
Equipment        
Operating Revenues        
Total operating revenues 5,079 5,238 15,056 15,827
Cost of revenues        
Cost of goods and services sold $ 4,933 $ 5,219 $ 14,891 $ 15,933