2019 Calendar Quarter

First¹

Second¹

Third¹

Fourth^1,2

Annual

Total Operating Revenues

$

44,827

$

44,957

$

44,588

$

46,821

$

181,193

Operating Income

7,233

7,500

7,901

5,321

27,955

Net Income

4,348

3,974

3,949

2,704

14,975

Net Income Attributable to AT&T

4,096

3,713

3,700

2,394

13,903

Basic Earnings Per Share

Attributable to Common Stock³

$

0.56

$

0.51

$

0.50

$

0.33

$

1.90

Diluted Earnings Per Share

Attributable to Common Stock³

$

0.56

$

0.51

$

0.50

$

0.33

$

1.89

Stock Price

High

$

31.64

$

33.55

$

38.75

$

39.70

Low

28.30

30.05

31.52

36.40

Close

31.36

33.51

37.84

39.08

¹

Includes actuarial gains and losses on pension and postretirement benefit plans (Note 15).

²

Includes an asset abandonment charge (Note 7).

³

Quarterly earnings per share impacts may not add to full-year earnings per share impacts due to the difference in weighted-average

common shares for the quarters versus the weighted-average common shares for the year.

2018 Calendar Quarter

First¹

Second¹

Third

Fourth¹

Annual

Total Operating Revenues

$

38,038

$

38,986

$

45,739

$

47,993

$

170,756

Operating Income

6,201

6,466

7,269

6,160

26,096

Net Income

4,759

5,248

4,816

5,130

19,953

Net Income Attributable to AT&T

4,662

5,132

4,718

4,858

19,370

Basic Earnings Per Share

Attributable to Common Stock²

$

0.75

$

0.81

$

0.65

$

0.66

$

2.85

Diluted Earnings Per Share

Attributable to Common Stock²

$

0.75

$

0.81

$

0.65

$

0.66

$

2.85

Stock Price

High

$

39.29

$

36.39

$

34.28

$

34.30

Low

34.44

31.17

30.13

26.80

Close

35.65

32.11

33.58

28.54

¹

Includes actuarial gains and losses on pension and postretirement benefit plans (Note 15).

²

Quarterly earnings per share impacts may not add to full-year earnings per share impacts due to the difference in weighted-average

common shares for the quarters versus the weighted-average common shares for the year.