AT&T (NYSE: T) financial statements
The consolidated income statement, balance sheet and cash flow statement of AT&T for its last 10 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $420,198m in total assets and $126,491m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $125,648m | $122,336m | $122,428m | $120,741m | $134,038m | $143,050m | $181,193m | $170,756m | $160,546m | $163,786m |
| Cost of sales | — | — | — | — | — | — | — | $46,513m | $39,868m | $38,608m |
| Gross profit | — | — | — | — | — | — | — | $124,243m | $120,678m | $125,178m |
| Operating profit | $24,162m | $19,049m | $23,461m | −$4,587m | $25,897m | $8,372m | $27,955m | $26,096m | $19,970m | $23,543m |
| Finance costs | $6,804m | $6,759m | $6,704m | $6,108m | $6,884m | $7,925m | $8,422m | $7,957m | $6,300m | $4,910m |
| Profit before tax | $27,007m | $16,698m | $19,848m | −$3,094m | $29,171m | −$354.0m | $18,468m | $24,873m | $15,139m | $19,812m |
| Income tax | $3,621m | $4,445m | $4,225m | $3,780m | $5,395m | $1,168m | $3,493m | $4,920m | $14,708m | $6,479m |
| Net profit | $21,953m | $10,948m | $14,400m | −$8,524m | $20,081m | −$5,176m | $13,903m | $19,370m | $29,450m | $12,976m |
| Earnings per share | $3.04 | $1.49 | $1.97 | −$1.13 | $2.77 | −$0.75 | $1.90 | $2.85 | $4.77 | $2.10 |
| Diluted earnings per share | $3.04 | $1.49 | $1.97 | −$1.13 | $2.76 | −$0.75 | $1.89 | $2.85 | $4.76 | $2.10 |
| Depreciation and amortisation | $20,886m | $20,580m | $18,777m | $18,021m | $17,852m | $22,523m | $28,217m | $28,430m | $24,387m | $25,847m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $420,198m | $394,795m | $407,060m | $402,853m | $551,622m | $525,761m | $551,669m | $531,864m | $444,097m | $403,821m |
| Current assets | $48,732m | $31,168m | $36,458m | $33,108m | $170,768m | $52,008m | $54,761m | $51,427m | $79,146m | $38,369m |
| Inventories | $2,420m | $2,270m | $2,177m | $3,123m | — | $3,592m | $2,864m | $2,771m | $2,225m | $2,039m |
| Property, plant and equipment | $131,559m | $128,871m | $128,489m | $127,445m | $121,649m | $121,104m | $130,128m | $131,473m | $125,222m | $124,899m |
| Goodwill | $63,425m | $63,432m | $67,854m | $67,895m | $92,740m | $92,812m | $146,241m | $146,370m | $105,449m | $105,207m |
| Cash | $18,234m | $3,298m | $6,722m | $3,701m | $19,223m | $7,924m | $9,702m | $5,204m | $50,498m | $5,788m |
| Current liabilities | $53,780m | $46,872m | $51,127m | $56,173m | $106,230m | $63,438m | $68,911m | $64,420m | $81,389m | $50,576m |
| Equity | $126,491m | $118,245m | $117,442m | $106,457m | $183,855m | $179,240m | $201,934m | $193,884m | $142,007m | $124,110m |
| Equity including minorities | $126,491m | $118,245m | $117,442m | $106,457m | $183,855m | $179,240m | $201,934m | $193,884m | $142,007m | $124,110m |
| Minority interests | $15,958m | $13,873m | $14,145m | $8,957m | $17,523m | $17,567m | $17,713m | $9,795m | $1,146m | $975.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $40,284m | $38,771m | $38,314m | $35,812m | $41,957m | $43,130m | $48,668m | $43,602m | $38,010m | $38,442m |
| Investing cash flow | −$18,777m | −$17,490m | −$19,660m | −$26,899m | −$32,089m | −$13,548m | −$16,690m | −$63,145m | −$18,943m | −$23,318m |
| Financing cash flow | −$6,386m | −$24,708m | −$15,614m | −$59,564m | $1,578m | −$32,007m | −$25,083m | −$25,989m | $25,930m | −$14,462m |
| Capital expenditure | −$20,842m | −$20,263m | −$17,853m | −$19,626m | −$15,545m | −$14,690m | −$19,635m | −$21,251m | −$20,647m | −$21,516m |
| Dividends paid | −$8,180m | −$8,208m | −$8,136m | −$9,859m | −$15,068m | −$14,956m | −$14,888m | −$13,410m | −$12,038m | −$11,797m |
Where each figure comes from
From the annual report (Form 10-K) that AT&T files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the AT&T page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.