| Earnings Per Share [Text Block] |
NOTE 2. EARNINGS PER SHARE | | | | | | | | | | A reconciliation of the numerators and denominators of basic and diluted earnings per share is shown in the table below: | | | | | | | | | | Year Ended December 31, | 2019 | | 2018 | | 2017 | Numerators | | | | | | | | | Numerator for basic earnings per share: | | | | | | | | | Net income | $ | 14,975 | | $ | 19,953 | | $ | 29,847 | Less: Net income attributable to noncontrolling interest | | (1,072) | | | (583) | | | (397) | Net income attributable to AT&T | | 13,903 | | | 19,370 | | | 29,450 | Less: Preferred stock dividends | | (3) | | | - | | | - | Net income attributable to common stock | | 13,900 | | | 19,370 | | | 29,450 | Dilutive potential common shares: | | | | | | | | | Share-based payment | | 21 | | | 19 | | | 13 | Numerator for diluted earnings per share | $ | 13,921 | | $ | 19,389 | | $ | 29,463 | Denominators (000,000) | | | | | | | | | Denominator for basic earnings per share: | | | | | | | | | Weighted-average number of common shares outstanding | | 7,319 | | | 6,778 | | | 6,164 | Dilutive potential common shares: | | | | | | | | | Share-based payment (in shares) | | 29 | | | 28 | | | 19 | Denominator for diluted earnings per share | | 7,348 | | | 6,806 | | | 6,183 | Basic earnings per share attributable to Common Stock | $ | 1.90 | | $ | 2.85 | | $ | 4.77 | Diluted earnings per share attributable to Common Stock | $ | 1.89 | | $ | 2.85 | | $ | 4.76 |
We executed an accelerated share repurchase agreement with a third-party financial institution to repurchase AT&T common stock (see Note 17). Under the terms of the agreement, on January 3, 2020, we paid the financial institution $4,000 and received approximately 80% of the stock, or 82.3 million shares. The final number of shares to be repurchased under the agreement will be based on the average of the daily volume-weighted average prices of AT&T common stock during the repurchase period, which is expected to conclude late in the first quarter of 2020. Upon final settlement of the agreement, we may be entitled to receive additional shares of AT&T common stock, or, under certain circumstances, we may be required to deliver shares of AT&T common stock or make a cash payment, at our election.
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