v3.24.0.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Revenues $ 78,558 $ 79,571 $ 80,118
Operating expenses      
Selling, general and administrative 21,311 21,607 20,238
Impairment expense 0 477 0
(Gain) loss on disposal group held for sale (25) 1,087 0
Depreciation and amortization 12,818 13,651 16,383
Total operating expenses 64,292 73,028 73,226
Operating income 14,266 6,543 6,892
Other expense, net      
Interest expense, net (3,335) (3,364) (3,342)
Other income (expense), net 68 (33) (199)
Total other expense, net (3,267) (3,397) (3,541)
Income before income taxes 10,999 3,146 3,351
Income tax expense (2,682) (556) (327)
Net income 8,317 2,590 3,024
Other comprehensive income, net of tax      
Reclassification of loss from cash flow hedges, net of tax effect of $56, $52 and $49 163 151 140
Unrealized gain (loss) on foreign currency translation adjustment, net of tax effect of $0, $(1) and $0 9 (9) (4)
Actuarial (loss) gain, net of amortization, on pension and other postretirement benefits, net of tax effect of $(31), $61 and $28 (90) 177 80
Other comprehensive income 82 319 216
Total comprehensive income $ 8,399 $ 2,909 $ 3,240
Earnings per share      
Basic (in USD per share) $ 7.02 $ 2.07 $ 2.42
Diluted (in USD per share) $ 6.93 $ 2.06 $ 2.41
Weighted-average shares outstanding      
Basic (in shares) 1,185,121,562 1,249,763,934 1,247,154,988
Diluted (in shares) 1,200,286,264 1,255,376,769 1,254,769,926
Service      
Revenues      
Revenues $ 63,241 $ 61,323 $ 58,369
Operating expenses      
Cost of services, exclusive of depreciation and amortization shown separately below 11,655 14,666 13,934
Postpaid revenues      
Revenues      
Revenues 48,692 45,919 42,562
Prepaid revenues      
Revenues      
Revenues 9,767 9,857 9,733
Wholesale and other service revenues      
Revenues      
Revenues 4,782 5,547 6,074
Equipment revenues      
Revenues      
Revenues 14,138 17,130 20,727
Operating expenses      
Cost of services, exclusive of depreciation and amortization shown separately below 18,533 21,540 22,671
Other revenues      
Revenues      
Revenues $ 1,179 $ 1,118 $ 1,022