Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Reconciliation of Revenues to Segment Contribution


For the three months ended September 30, 2024
	Revenues		Operations and Support Expenses		EBITDA		Depreciation and Amortization		Operating Income (Loss)
Communications
Mobility	$	21,052	$	11,559	$	9,493	$	2,490	$	7,003
Business Wireline	4,606		3,250		1,356		1,399		(43)
Consumer Wireline	3,416		2,296		1,120		924		196
Total Communications	29,074		17,105		11,969		4,813		7,156
Latin America - Mexico	1,022		854		168		158		10
Segment Total	30,096		17,959		12,137		4,971		7,166
Corporate and Other
Corporate:
DTV-related retained costs	—		107		(107)		95		(202)
Parent administration support	—		401		(401)		2		(403)
Securitization fees	31		134		(103)		—		(103)
Value portfolio	86		26		60		6		54
Total Corporate	117		668		(551)		103		(654)
Certain significant items	—		4,383		(4,383)		13		(4,396)
Total Corporate and Other	117		5,051		(4,934)		116		(5,050)
AT&T Inc.	$	30,213	$	23,010	$	7,203	$	5,087	$	2,116


For the three months ended September 30, 2023
	Revenues		Operations and Support Expenses		EBITDA		Depreciation and Amortization		Operating Income (Loss)
Communications
Mobility	$	20,692	$	11,795	$	8,897	$	2,134	$	6,763
Business Wireline	5,221		3,526		1,695		1,345		350
Consumer Wireline	3,331		2,300		1,031		871		160
Total Communications	29,244		17,621		11,623		4,350		7,273
Latin America - Mexico	992		837		155		184		(29)
Segment Total	30,236		18,458		11,778		4,534		7,244
Corporate and Other
Corporate:
DTV-related retained costs	—		167		(167)		144		(311)
Parent administration support	(1)		333		(334)		1		(335)
Securitization fees	25		164		(139)		—		(139)
Value portfolio	90		25		65		5		60
Total Corporate	114		689		(575)		150		(725)
Certain significant items	—		716		(716)		21		(737)
Total Corporate and Other	114		1,405		(1,291)		171		(1,462)
AT&T Inc.	$	30,350	$	19,863	$	10,487	$	4,705	$	5,782


For the nine months ended September 30, 2024
	Revenues		Operations and Support Expenses		EBITDA		Depreciation and Amortization		Operating Income (Loss)
Communications
Mobility	$	62,126	$	34,483	$	27,643	$	7,453	$	20,190
Business Wireline	14,274		10,004		4,270		4,147		123
Consumer Wireline	10,113		6,801		3,312		2,719		593
Total Communications	86,513		51,288		35,225		14,319		20,906
Latin America - Mexico	3,188		2,662		526		507		19
Segment Total	89,701		53,950		35,751		14,826		20,925
Corporate and Other
Corporate:
DTV-related retained costs	—		357		(357)		317		(674)
Parent administration support	—		1,236		(1,236)		5		(1,241)
Securitization fees	86		449		(363)		—		(363)
Value portfolio	251		77		174		15		159
Total Corporate	337		2,119		(1,782)		337		(2,119)


Certain significant items	—		5,040		(5,040)		43		(5,083)

Total Corporate and Other	337		7,159		(6,822)		380		(7,202)
AT&T Inc.	$	90,038	$	61,109	$	28,929	$	15,206	$	13,723


For the nine months ended September 30, 2023
	Revenues		Operations and Support Expenses		EBITDA		Depreciation and Amortization		Operating Income (Loss)
Communications
Mobility	$	61,589	$	35,587	$	26,002	$	6,355	$	19,647
Business Wireline	15,831		10,699		5,132		4,008		1,124
Consumer Wireline	9,821		6,810		3,011		2,589		422
Total Communications	87,241		53,096		34,145		12,952		21,193
Latin America - Mexico	2,842		2,396		446		544		(98)
Segment Total	90,083		55,492		34,591		13,496		21,095
Corporate and Other
Corporate:
DTV-related retained costs	—		514		(514)		440		(954)
Parent administration support	(13)		1,039		(1,052)		4		(1,056)
Securitization fees	61		439		(378)		—		(378)
Value portfolio	275		77		198		16		182
Total Corporate	323		2,069		(1,746)		460		(2,206)
Certain significant items	—		644		(644)		55		(699)
Total Corporate and Other	323		2,713		(2,390)		515		(2,905)
AT&T Inc.	$	90,406	$	58,205	$	32,201	$	14,011	$	18,190

Reconciliation of Segment Contributions to Income Before Income Taxes

The following table is a reconciliation of Segment Operating Income to “Income Before Income Taxes” reported in our consolidated statements of income:


	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Communications	$	7,156	$	7,273	$	20,906	$	21,193
Latin America	10		(29)		19		(98)
Segment Operating Income	7,166		7,244		20,925		21,095
Reconciling Items:
Corporate	(654)		(725)		(2,119)		(2,206)
Transaction and other costs	(34)		(72)		(101)		(72)
Amortization of intangibles acquired	(13)		(21)		(43)		(55)
Asset impairments and abandonments and restructuring	(4,422)		(604)		(5,061)		(604)
Benefit-related gains (losses)	73		(40)		122		32



AT&T Operating Income	2,116		5,782		13,723		18,190
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
Income Before Income Taxes	$	1,430	$	4,980	$	11,390	$	16,912