For the three months ended June 30, 2020

Revenues

Operations

and Support

Expenses

EBITDA

Depreciation

and

Amortization

Operating

Income (Loss)

Equity in Net

Income (Loss) of

Affiliates

Segment

Contribution

Communications

Mobility

$

17,149

$

9,332

$

7,817

$

2,012

$

5,805

$

-

$

5,805

Entertainment Group

10,069

7,730

2,339

1,309

1,030

-

1,030

Business Wireline

6,374

3,779

2,595

1,318

1,277

-

1,277

Total Communications

33,592

20,841

12,751

4,639

8,112

-

8,112

WarnerMedia

Turner

2,988

1,347

1,641

69

1,572

-

1,572

Home Box Office

1,627

1,489

138

25

113

(5)

108

Warner Bros.

3,256

2,583

673

40

633

(19)

614

Eliminations and other

(1,057)

(685)

(372)

33

(405)

28

(377)

Total WarnerMedia

6,814

4,734

2,080

167

1,913

4

1,917

Latin America

Vrio

752

661

91

127

(36)

8

(28)

Mexico

480

538

(58)

115

(173)

-

(173)

Total Latin America

1,232

1,199

33

242

(209)

8

(201)

Segment Total

41,638

26,774

14,864

5,048

9,816

$

12

$

9,828

Corporate and Other

Corporate

437

933

(496)

93

(589)

Acquisition-related items

-

211

(211)

2,145

(2,356)

Certain significant items

-

3,084

(3,084)

-

(3,084)

Eliminations and consolidations

(1,125)

(869)

(256)

(1)

(255)

AT&T Inc.

$

40,950

$

30,133

$

10,817

$

7,285

$

3,532

For the three months ended June 30, 2019

Revenues

Operations and Support Expenses

EBITDA

Depreciation and Amortization

Operating Income (Loss)

Equity in Net

Income (Loss) of

Affiliates

Segment Contribution

Communications

Mobility

$

17,292

$

9,522

$

7,770

$

2,003

$

5,767

$

-

$

5,767

Entertainment Group

11,368

8,515

2,853

1,339

1,514

-

1,514

Business Wireline

6,607

3,975

2,632

1,242

1,390

-

1,390

Total Communications

35,267

22,012

13,255

4,584

8,671

-

8,671

WarnerMedia

Turner

3,410

2,217

1,193

39

1,154

11

1,165

Home Box Office

1,716

1,131

585

12

573

15

588

Warner Bros.

3,389

2,918

471

31

440

-

440

Eliminations and other

320

170

150

22

128

29

157

Total WarnerMedia

8,835

6,436

2,399

104

2,295

55

2,350

Latin America

Vrio

1,032

881

151

165

(14)

12

(2)

Mexico

725

813

(88)

119

(207)

-

(207)

Total Latin America

1,757

1,694

63

284

(221)

12

(209)

Segment Total

45,859

30,142

15,717

4,972

10,745

$

67

$

10,812

Corporate and Other

Corporate

450

765

(315)

170

(485)

Acquisition-related items

(30)

316

(346)

1,960

(2,306)

Certain significant items

-

94

(94)

-

(94)

Eliminations and consolidations

(1,322)

(961)

(361)

(1)

(360)

AT&T Inc.

$

44,957

$

30,356

$

14,601

$

7,101

$

7,500

For the six months ended June 30, 2020

Revenues

Operations

and Support

Expenses

EBITDA

Depreciation

and

Amortization

Operating

Income (Loss)

Equity in Net

Income (Loss) of

Affiliates

Segment

Contribution

Communications

Mobility

$

34,551

$

18,901

$

15,650

$

4,057

$

11,593

$

-

$

11,593

Entertainment Group

20,584

15,621

4,963

2,598

2,365

-

2,365

Business Wireline

12,706

7,730

4,976

2,619

2,357

-

2,357

Total Communications

67,841

42,252

25,589

9,274

16,315

-

16,315

WarnerMedia

Turner

6,150

3,057

3,093

138

2,955

6

2,961

Home Box Office

3,124

2,542

582

46

536

15

551

Warner Bros.

6,496

5,533

963

81

882

(27)

855

Eliminations and other

(1,108)

(711)

(397)

65

(462)

25

(437)

Total WarnerMedia

14,662

10,421

4,241

330

3,911

19

3,930

Latin America

Vrio

1,639

1,444

195

274

(79)

12

(67)

Mexico

1,183

1,252

(69)

249

(318)

-

(318)

Total Latin America

2,822

2,696

126

523

(397)

12

(385)

Segment Total

85,325

55,369

29,956

10,127

19,829

$

31

$

19,860

Corporate and Other

Corporate

825

1,807

(982)

180

(1,162)

Acquisition-related items

-

393

(393)

4,201

(4,594)

Certain significant items

-

2,426

(2,426)

-

(2,426)

Eliminations and consolidations

(2,421)

(1,791)

(630)

(1)

(629)

AT&T Inc.

$

83,729

$

58,204

$

25,525

$

14,507

$

11,018

For the six months ended June 30, 2019

Revenues

Operations and Support Expenses

EBITDA

Depreciation and Amortization

Operating Income (Loss)

Equity in Net

Income (Loss) of

Affiliates

Segment Contribution

Communications

Mobility

$

34,655

$

19,563

$

15,092

$

4,016

$

11,076

$

-

$

11,076

Entertainment Group

22,696

17,042

5,654

2,662

2,992

-

2,992

Business Wireline

13,085

8,007

5,078

2,464

2,614

-

2,614

Total Communications

70,436

44,612

25,824

9,142

16,682

-

16,682

WarnerMedia

Turner

6,853

4,353

2,500

99

2,401

36

2,437

Home Box Office

3,226

2,052

1,174

34

1,140

30

1,170

Warner Bros.

6,907

5,837

1,070

83

987

6

993

Eliminations and other

654

347

307

44

263

50

313

Total WarnerMedia

17,640

12,589

5,051

260

4,791

122

4,913

Latin America

Vrio

2,099

1,747

352

334

18

12

30

Mexico

1,376

1,538

(162)

250

(412)

-

(412)

Total Latin America

3,475

3,285

190

584

(394)

12

(382)

Segment Total

91,551

60,486

31,065

9,986

21,079

$

134

$

21,213

Corporate and Other

Corporate

883

1,426

(543)

374

(917)

Acquisition-related items

(72)

389

(461)

3,948

(4,409)

Certain significant items

-

342

(342)

-

(342)

Eliminations and consolidations

(2,578)

(1,899)

(679)

(1)

(678)

AT&T Inc.

$

89,784

$

60,744

$

29,040

$

14,307

$

14,733

Intersegment Reconciliation

Three months ended

June 30,

Six months ended

June 30,

2020

2019

2020

2019

Intersegment Revenues

Communications

$

2

$

8

$

4

$

8

WarnerMedia

774

861

1,591

1,719

Latin America

-

-

-

-

Total Intersegment Revenues

776

869

1,595

1,727

Consolidations

349

453

826

851

Eliminations and consolidations

$

1,125

$

1,322

$

2,421

$

2,578