AT&T INC. - FORM 8-K - EX-99.1 - AT&T INC. SELECTED FINANCIAL STATEMENTS AND OPERATING DATA

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8-K - AT&T INC. 3RD QUARTER 2016 EARNINGS RELEASE - AT&T INC.	q3earnings801_8k.htm

AT&T Inc.
Financial Data


Consolidated Statements of Income
Dollars in millions except per share amounts	Three Months Ended									Nine Months Ended
Unaudited	September 30,						Percent			September 30,						Percent
	2016			2015			Change			2016			2015			Change
Operating Revenues
Service	$	37,272		$	35,539			4.9	%	$	111,515		$	94,042			18.6	%
Equipment		3,618			3,552			1.9	%		10,430			10,640			-2.0	%
Total Operating Revenues		40,890			39,091			4.6	%		121,945			104,682			16.5	%

Operating Expenses
Cost of services and sales
Equipment		4,455			4,501			-1.0	%		13,090			13,400			-2.3	%
Broadcast, programming and operations		4,909			4,081			20.3	%		14,239			6,351			-	%
Other cost of services (exclusive of depreciation and amortization shown separately below)		9,526			9,214			3.4	%		28,436			27,604			3.0	%
Selling, general and administrative		9,013			9,107			-1.0	%		26,363			24,535			7.5	%
Depreciation and amortization		6,579			6,265			5.0	%		19,718			15,539			26.9	%
Total Operating Expenses		34,482			33,168			4.0	%		101,846			87,429			16.5	%
Operating Income		6,408			5,923			8.2	%		20,099			17,253			16.5	%
Interest Expense		1,224			1,146			6.8	%		3,689			2,977			23.9	%
Equity in Net Income of Affiliates		16			15			6.7	%		57			48			18.8	%
Other Income (Expense) - Net		(7	)		(57	)		87.7	%		154			61			-	%
Income Before Income Taxes		5,193			4,735			9.7	%		16,621			14,385			15.5	%
Income Tax Expense		1,775			1,657			7.1	%		5,803			4,784			21.3	%
Net Income		3,418			3,078			11.0	%		10,818			9,601			12.7	%
Less: Net Income Attributable to Noncontrolling Interest		(90	)		(84	)		-7.1	%		(279	)		(262	)		-6.5	%
Net Income Attributable to AT&T	$	3,328		$	2,994			11.2	%	$	10,539		$	9,339			12.8	%


Basic Earnings Per Share Attributable to AT&T	$	0.54		$	0.50			8.0	%	$	1.70		$	1.71			-0.6	%
Weighted Average Common Shares Outstanding (000,000)		6,168			5,924			4.1	%		6,171			5,447			13.3	%

Diluted Earnings Per Share Attributable to AT&T	$	0.54		$	0.50			8.0	%	$	1.70		$	1.71			-0.6	%
Weighted Average Common Shares Outstanding with Dilution (000,000)		6,189			5,943			4.1	%		6,191			5,463			13.3	%

AT&T Inc.
Financial Data


Consolidated Balance Sheets
Dollars in millions
Unaudited	Sep. 30,			Dec. 31,
	2016			2015
Assets
Current Assets
Cash and cash equivalents	$	5,895		$	5,121
Accounts receivable - net of allowances for doubtful accounts of $650 and $704		16,855			16,532
Prepaid expenses		1,333			1,072
Other current assets		13,291			13,267
Total current assets		37,374			35,992
Property, Plant and Equipment - Net		123,922			124,450
Goodwill		105,271			104,568
Licenses		94,241			93,093
Customer Lists and Relationships - Net		15,227			18,208
Other Intangible Assets - Net		8,734			9,409
Investments in Equity Affiliates		1,679			1,606
Other Assets		16,527			15,346
Total Assets	$	402,975		$	402,672

Liabilities and Stockholders' Equity
Current Liabilities
Debt maturing within one year	$	7,982		$	7,636
Accounts payable and accrued liabilities		28,849			30,372
Advanced billing and customer deposits		4,637			4,682
Accrued taxes		2,686			2,176
Dividends payable		2,948			2,950
Total current liabilities		47,102			47,816
Long-Term Debt		117,239			118,515
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes		59,649			56,181
Postemployment benefit obligation		33,483			34,262
Other noncurrent liabilities		20,899			22,258
Total deferred credits and other noncurrent liabilities		114,031			112,701
Stockholders' Equity
Common stock		6,495			6,495
Additional paid-in capital		89,536			89,763
Retained earnings		35,319			33,671
Treasury stock		(12,589	)		(12,592	)
Accumulated other comprehensive income		4,850			5,334
Noncontrolling interest		992			969
Total stockholders' equity		124,603			123,640
Total Liabilities and Stockholders' Equity	$	402,975		$	402,672

AT&T Inc.
Financial Data


Consolidated Statements of Cash Flows
Dollars in millions	Nine Months Ended
Unaudited	September 30,
	2016			2015
Operating Activities
Net income	$	10,818		$	9,601
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		19,718			15,539
Undistributed earnings from investments in equity affiliates		(22	)		(36	)
Provision for uncollectible accounts		1,036			895
Deferred income tax expense		3,011			1,539
Net gain from sale of investments, net of impairments		(88	)		(46	)
Changes in operating assets and liabilities:
Accounts receivable		(1,108	)		737
Other current assets		1,805			546
Accounts payable and accrued liabilities		(1,173	)		1,332
Equipment installment plan receivables and securitizations		207			(1,682	)
Deferred fulfillment costs		(1,883	)		(884	)
Retirement benefit funding		(770	)		(595	)
Other - net		(2,349	)		(251	)
Total adjustments		18,384			17,094
Net Cash Provided by Operating Activities		29,202			26,695

Investing Activities
Capital expenditures:
Purchase of property and equipment		(15,283	)		(13,356	)
Interest during construction		(669	)		(566	)
Acquisitions, net of cash acquired		(2,922	)		(30,694	)
Dispositions		184			79
Sales of securities, net		501			1,490
Net Cash Used in Investing Activities		(18,189	)		(43,047	)

Financing Activities
Net change in short-term borrowings with original maturities of three months or less		-			(1	)
Issuance of long-term debt		10,140			33,967
Repayment of long-term debt		(10,688	)		(9,962	)
Purchase of treasury stock		(444	)		-
Issuance of treasury stock (excluding acquisition of DIRECTV)		137			133
Dividends paid		(8,850	)		(7,311	)
Other		(534	)		(2,875	)
Net Cash (Used in) Provided by Financing Activities		(10,239	)		13,951
Net increase (decrease) in cash and cash equivalents		774			(2,401	)
Cash and cash equivalents beginning of year		5,121			8,603
Cash and Cash Equivalents End of Period	$	5,895		$	6,202

AT&T Inc.
Consolidated Supplementary Data


Supplementary Financial Data
Dollars in millions except per share amounts	Three Months Ended									Nine Months Ended
Unaudited	September 30,						Percent			September 30,						Percent
	2016			2015			Change			2016			2015			Change
Capital expenditures
Purchase of property and equipment	$	5,581		$	5,028			11.0	%	$	15,283		$	13,356			14.4	%
Interest during construction	$	232		$	227			2.2	%	$	669		$	566			18.2	%

Dividends Declared per Share	$	0.48		$	0.47			2.1	%	$	1.44		$	1.41			2.1	%

End of Period Common Shares Outstanding (000,000)											6,141			6,152			-0.2	%
Debt Ratio											50.1	%		50.8	%		-70	BP
Total Employees											273,140			281,240			-2.9	%



Supplementary Operating Data
Subscribers and connections in thousands
Unaudited										September 30,						Percent
											2016			2015		Change
Wireless Subscribers
Domestic											133,338			126,406			5.5	%
Mexico											10,698			8,091			32.2	%
Total Wireless Subscribers											144,036			134,497			7.1	%

Total Branded Wireless Subscribers											100,821			95,305			5.8	%

Video Connections
Domestic											25,321			25,450			-0.5	%
PanAmericana											7,139			7,006			1.9	%
Brazil											5,337			5,538			-3.6	%
Total Video Connections											37,797			37,994			-0.5	%

Broadband Connections
IP											13,715			13,076			4.9	%
DSL											1,903			2,756			-31.0	%
Total Broadband Connections											15,618			15,832			-1.4	%

Voice Connections
Network Access Lines											14,603			17,352			-15.8	%
U-verse VoIP Connections											5,707			5,443			4.9	%
Total Retail Consumer Voice Connections											20,310			22,795			-10.9	%




	Three Months Ended									Nine Months Ended
	September 30,						Percent			September 30,						Percent
		2016			2015		Change				2016			2015		Change
Wireless Net Additions
Domestic		1,532			2,513			-39.0	%		4,674			5,825			-19.8	%
Mexico		743			(231	)		-	%		2,014			(689	)		-	%
Total Wireless Net Additions		2,275			2,282			-0.3	%		6,688			5,136			30.2	%

Total Branded Wireless Net Additions		1,285			125			-	%		3,881			1,405			-	%

Video Net Additions
Domestic		(2	)		(65	)		96.9	%		(103	)		(37	)		-	%
PanAmericana		(36	)		16			-	%		73			16			-	%
Brazil		(12	)		(129	)		90.7	%		(107	)		(129	)		17.1	%
Total Video Net Additions		(50	)		(178	)		71.9	%		(137	)		(150	)		8.7	%

Broadband Net Additions
IP		171			192			-10.9	%		447			871			-48.7	%
DSL		(194	)		(321	)		39.6	%		(607	)		(1,067	)		43.1	%
Total Broadband Net Additions		(23	)		(129	)		82.2	%		(160	)		(196	)		18.4	%

BUSINESS SOLUTIONS

The Business Solutions segment provides services to business customers, including multinational companies; governmental and wholesale customers; and individual subscribers who purchase wireless services through employer-sponsored plans. We provide advanced IP-based services including Virtual Private Networks (VPN); Ethernet-related products and broadband, collectively referred to as strategic business services; as well as traditional data and voice products. We utilize our wireless and wired networks (referred to as "wired" or "wireline") to provide a complete communications solution to our business customers.

Segment Results
Dollars in millions	Three Months Ended									Nine Months Ended
Unaudited	September 30,						Percent			September 30,						Percent
		2016			2015		Change				2016			2015		Change
Segment Operating Revenues
Wireless service	$	8,049		$	7,732			4.1	%	$	23,867		$	23,003			3.8	%
Fixed strategic services		2,888			2,646			9.1	%		8,447			7,745			9.1	%
Legacy voice and data services		4,046			4,616			-12.3	%		12,567			14,081			-10.8	%
Other service and equipment		908			885			2.6	%		2,652			2,585			2.6	%
Wireless equipment		1,876			1,813			3.5	%		5,422			5,499			-1.4	%
Total Segment Operating Revenues		17,767			17,692			0.4	%		52,955			52,913			0.1	%

Segment Operating Expenses
Operations and support expenses		10,925			10,921			-	%		32,584			32,966			-1.2	%
Depreciation and amortization		2,539			2,474			2.6	%		7,568			7,276			4.0	%
Total Segment Operating Expenses		13,464			13,395			0.5	%		40,152			40,242			-0.2	%
Segment Operating Income		4,303			4,297			0.1	%		12,803			12,671			1.0	%
Equity in Net Income of Affiliates		-			-			-	%		-			-			-	%
Segment Contribution	$	4,303		$	4,297			0.1	%	$	12,803		$	12,671			1.0	%

Segment Operating Income Margin		24.2	%		24.3	%					24.2	%		23.9	%



Supplementary Operating Data
Subscribers and connections in thousands
Unaudited										September 30,						Percent
											2016			2015		Change
Business Solutions Wireless Subscribers
Postpaid/Branded											50,014			47,414			5.5	%
Reseller											58			83			-30.1	%
Connected Devices											29,355			24,064			22.0	%
Total Business Solutions Wireless Subscribers											79,427			71,561			11.0	%

Business Solutions IP Broadband Connections											963			891			8.1	%



	Three Months Ended									Nine Months Ended
	September 30,						Percent			September 30,						Percent
		2016			2015		Change				2016			2015		Change
Business Solutions Wireless Net Additions
Postpaid/Branded		191			265			-27.9	%		509			850			-40.1	%
Reseller		1			8			-87.5	%		(34	)		14			-	%
Connected Devices		1,290			1,602			-19.5	%		4,067			4,104			-0.9	%
Total Business Solutions Wireless Net Additions		1,482			1,875			-21.0	%		4,542			4,968			-8.6	%

Business Solutions Wireless Postpaid Churn		0.97	%		1.05	%		-8	BP		0.97	%		0.95	%		2	BP

Business Solutions IP Broadband Net Additions		15			20			-25.0	%		52			70			-25.7	%

ENTERTAINMENT GROUP

The Entertainment Group segment provides video, internet, voice communication, and interactive and targeted advertising services to customers located in the U.S. or in U.S. territories. We utilize our copper and IP-based wired network and/or our satellite technology.


Segment Results
Dollars in millions	Three Months Ended									Nine Months Ended
Unaudited	September 30,						Percent				September 30,						Percent
	2016			2015			Change				2016			2015			Change
Segment Operating Revenues
Video entertainment	$	9,026		$	7,162			26.0	%		$	26,893		$	11,024			-	%
High-speed internet		1,892			1,685			12.3	%			5,562			4,861			14.4	%
Legacy voice and data services		1,168			1,419			-17.7	%			3,725			4,547			-18.1	%
Other service and equipment		634			592			7.1	%			1,909			1,868			2.2	%
Total Segment Operating Revenues		12,720			10,858			17.1	%			38,089			22,300			70.8	%

Segment Operating Expenses
Operations and support expenses		9,728			8,450			15.1	%			28,875			18,222			58.5	%
Depreciation and amortization		1,504			1,389			8.3	%			4,481			3,519			27.3	%
Total Segment Operating Expenses		11,232			9,839			14.2	%			33,356			21,741			53.4	%
Segment Operating Income		1,488			1,019			46.0	%			4,733			559			-	%
Equity in Net Income (Loss) of Affiliates		-			2			-	%			1			(16	)		-	%
Segment Contribution	$	1,488		$	1,021			45.7	%		$	4,734		$	543			-	%

Segment Operating Income Margin		11.7	%		9.4	%						12.4	%		2.5	%



Supplementary Operating Data
Subscribers and connections in thousands
Unaudited											September 30,						Percent
												2016			2015		Change
Video Connections
Satellite												20,777			19,570			6.2	%
U-verse												4,515			5,854			-22.9	%
Total Video Connections												25,292			25,424			-0.5	%

Broadband Connections
IP												12,752			12,185			4.7	%
DSL												1,424			2,137			-33.4	%
Total Broadband Connections												14,176			14,322			-1.0	%

Voice Connections
Retail Consumer Switched Access Lines												6,155			7,675			-19.8	%
U-verse Consumer VoIP Connections												5,378			5,216			3.1	%
Total Retail Consumer Voice Connections												11,533			12,891			-10.5	%



	Three Months Ended										Nine Months Ended
	September 30,						Percent				September 30,						Percent
		2016			2015		Change					2016			2015		Change
Video Net Additions
Satellite		323			26			-	%			993			26			-	%
U-verse		(326	)		(92	)		-	%			(1,099	)		(66	)		-	%
Total Video Net Additions		(3	)		(66	)		95.5	%			(106	)		(40	)		-	%

Broadband Net Additions
IP		156			172			-9.3	%			396			802			-50.6	%
DSL		(161	)		(278	)		42.1	%			(506	)		(922	)		45.1	%
Total Broadband Net Additions		(5	)		(106	)		95.3	%			(110	)		(120	)		8.3	%

CONSUMER MOBILITY

The Consumer Mobility segment provides nationwide wireless service to consumers and wholesale and resale wireless subscribers located in the U.S. or in U.S. territories. We utilize our U.S. wireless network to provide voice and data services, including high-speed internet, video, and home monitoring services.

Segment Results
Dollars in millions	Three Months Ended									Nine Months Ended
Unaudited	September 30,						Percent			September 30,						Percent
	2016			2015			Change			2016			2015			Change
Segment Operating Revenues
Service	$	6,914		$	7,363			-6.1	%	$	20,805		$	22,019			-5.5	%
Equipment		1,353			1,421			-4.8	%		3,976			4,298			-7.5	%
Total Segment Operating Revenues		8,267			8,784			-5.9	%		24,781			26,317			-5.8	%

Segment Operating Expenses
Operations and support expenses		4,751			5,065			-6.2	%		14,343			15,808			-9.3	%
Depreciation and amortization		944			976			-3.3	%		2,798			2,912			-3.9	%
Total Segment Operating Expenses		5,695			6,041			-5.7	%		17,141			18,720			-8.4	%
Segment Operating Income		2,572			2,743			-6.2	%		7,640			7,597			0.6	%
Equity in Net Income of Affiliates		-			-			-	%		-			-			-	%
Segment Contribution	$	2,572		$	2,743			-6.2	%	$	7,640		$	7,597			0.6	%

Segment Operating Income Margin		31.1	%		31.2	%					30.8	%		28.9	%



Supplementary Operating Data
Subscribers and connections in thousands
Unaudited										September 30,						Percent
											2016			2015		Change
Consumer Mobility Subscribers
Postpaid											27,374			29,257			-6.4	%
Prepaid											13,035			10,988			18.6	%
Branded											40,409			40,245			0.4	%
Reseller											12,566			13,647			-7.9	%
Connected Devices											936			953			-1.8	%
Total Consumer Mobility Subscribers											53,911			54,845			-1.7	%



	Three Months Ended									Nine Months Ended
	September 30,						Percent			September 30,						Percent
		2016			2015		Change				2016			2015		Change
Consumer Mobility Net Additions
Postpaid		21			23			-8.7	%		89			289			-69.2	%
Prepaid		304			466			-34.8	%		1,169			895			30.6	%
Branded		325			489			-33.5	%		1,258			1,184			6.3	%
Reseller		(316	)		149			-	%		(1,140	)		(218	)		-	%
Connected Devices		41			-			-	%		14			(109	)		-	%
Total Consumer Mobility Net Additions		50			638			-92.2	%		132			857			-84.6	%

Total Churn		2.11	%		1.90	%		21	BP		2.06	%		1.93	%		13	BP
Postpaid Churn		1.19	%		1.33	%		-14	BP		1.17	%		1.23	%		-6	BP

INTERNATIONAL

The International segment provides entertainment services in Latin America and wireless services in Mexico. Video entertainment services are provided to primarily residential customers using satellite technology. We utilize our regional and national wireless networks in Mexico to provide consumer and business customers with wireless data and voice communication services. Our international subsidiaries conduct business in their local currency and operating results are converted to U.S. dollars using official exchange rates.

Segment Results
Dollars in millions	Three Months Ended											Nine Months Ended
Unaudited	September 30,								Percent			September 30,								Percent
	2016				2015				Change			2016				2015				Change
Segment Operating Revenues
Video entertainment	$	1,297			$	945				37.2	%	$	3,649			$	945				-	%
Wireless service		484				494				-2.0	%		1,428				1,153				23.9	%
Wireless equipment		98				87				12.6	%		297				155				91.6	%
Total Segment Operating Revenues		1,879				1,526				23.1	%		5,374				2,253				-	%

Segment Operating Expenses
Operations and support expenses		1,640				1,384				18.5	%		4,951				2,131				-	%
Depreciation and amortization		293				225				30.2	%		868				346				-	%
Total Segment Operating Expenses		1,933				1,609				20.1	%		5,819				2,477				-	%
Segment Operating Income (Loss)		(54	)			(83	)			34.9	%		(445	)			(224	)			-98.7	%
Equity in Net Income (Loss) of Affiliates		1				(4	)			-	%		24				(4	)			-	%
Segment Contribution	$	(53	)		$	(87	)			39.1	%	$	(421	)		$	(228	)			-84.6	%

Segment Operating Income Margin		(2.9	)	%		(5.4	)	%					(8.3	)	%		(9.9	)	%



Supplementary Operating Data
Subscribers and connections in thousands
Unaudited												September 30,								Percent
													2016				2015			Change
Mexican Wireless Subscribers
Postpaid													4,733				4,159				13.8	%
Prepaid													5,665				3,487				62.5	%
Branded													10,398				7,646				36.0	%
Reseller													300				445				-32.6	%
Total Mexican Wireless Subscribers													10,698				8,091				32.2	%

Latin America Satellite Subscribers
PanAmericana													7,139				7,006				1.9	%
SKY Brazil													5,337				5,538				-3.6	%
Total Latin America Satellite Subscribers													12,476				12,544				-0.5	%



	Three Months Ended											Nine Months Ended
	September 30,								Percent			September 30,								Percent
		2016				2015			Change				2016				2015			Change
Mexican Wireless Net Additions
Postpaid		163				15				-	%		444				47				-	%
Prepaid		606				(210	)			-	%		1,670				(677	)			-	%
Branded		769				(195	)			-	%		2,114				(630	)			-	%
Reseller		(26	)			(36	)			27.8	%		(100	)			(59	)			-69.5	%
Total Mexican Wireless Net Additions		743				(231	)			-	%		2,014				(689	)			-	%

Latin America Satellite Net Additions
PanAmericana		(36	)			16				-	%		73				16				-	%
SKY Brazil		(12	)			(129	)			90.7	%		(107	)			(129	)			17.1	%
Total Latin America Satellite Net Additions		(48	)			(113	)			57.5	%		(34	)			(113	)			69.9	%

SUPPLEMENTAL OPERATING INFORMATION - AT&T MOBILITY

As a supplemental discussion of our operating results, for comparison purposes, we are providing a view of our combined domestic wireless operations (AT&T Mobility).

Operating Results
Dollars in millions	Three Months Ended									Nine Months Ended
Unaudited		September 30,					Percent				September 30,					Percent
	2016			2015			Change			2016			2015			Change
Operating Revenues
Service	$	14,963		$	15,095			-0.9	%	$	44,673		$	45,022			-0.8	%
Equipment		3,229			3,234			-0.2	%		9,398			9,797			-4.1	%
Total Operating Revenues		18,192			18,329			-0.7	%		54,071			54,819			-1.4	%

Operating Expenses
Operations and support expenses		10,696			10,865			-1.6	%		31,822			33,310			-4.5	%
Depreciation and amortization		2,107			2,046			3.0	%		6,244			6,082			2.7	%
Total Operating Expenses		12,803			12,911			-0.8	%		38,066			39,392			-3.4	%
Operating Income		5,389			5,418			-0.5	%		16,005			15,427			3.7	%
Equity in Net Income of Affiliates		-			-			-	%		-			-			-	%
Operating Contribution	$	5,389		$	5,418			-0.5	%	$	16,005		$	15,427			3.7	%

Operating Income Margin		29.6	%		29.6	%					29.6	%		28.1	%



Supplementary Operating Data
Subscribers and connections in thousands
Unaudited										September 30,						Percent
											2016			2015		Change
AT&T Mobility Subscribers
Postpaid											77,388			76,671			0.9	%
Prepaid											13,035			10,988			18.6	%
Branded											90,423			87,659			3.2	%
Reseller											12,624			13,729			-8.0	%
Connected Devices											30,291			25,018			21.1	%
Total AT&T Mobility Subscribers											133,338			126,406			5.5	%

Domestic Licensed POPs (000,000)											323			321			0.6	%



	Three Months Ended									Nine Months Ended
	September 30,						Percent			September 30,						Percent
		2016			2015		Change				2016			2015		Change
AT&T Mobility Net Additions
Postpaid		212			289			-26.6	%		598			1,140			-47.5	%
Prepaid		304			466			-34.8	%		1,169			895			30.6	%
Branded		516			755			-31.7	%		1,767			2,035			-13.2	%
Reseller		(315	)		156			-	%		(1,174	)		(205	)		-	%
Connected Devices		1,331			1,602			-16.9	%		4,081			3,995			2.2	%
Total AT&T Mobility Net Additions		1,532			2,513			-39.0	%		4,674			5,825			-19.8	%
M&A Activity, Partitioned Customers and Other Adjustments		1			(9	)		-	%		24			27			-11.1	%

Total Churn		1.45	%		1.33	%		12	BP		1.41	%		1.35	%		6	BP
Postpaid Churn		1.05	%		1.16	%		-11	BP		1.04	%		1.06	%		-2	BP

SUPPLEMENTAL SEGMENT RECONCILIATION


Three Months Ended
Dollars in millions
Unaudited

September 30, 2016
	Revenues			Operations and Support Expenses			EBITDA			Depreciation and Amortization		Operating Income (Loss)			Equity in Net Income (Loss) of Affiliates			Segment Contribution
Business Solutions	$	17,767		$	10,925		$	6,842		$	2,539	$	4,303		$	-		$	4,303
Entertainment Group		12,720			9,728			2,992			1,504		1,488			-			1,488
Consumer Mobility		8,267			4,751			3,516			944		2,572			-			2,572
International		1,879			1,640			239			293		(54	)		1			(53	)
Segment Total		40,633			27,044			13,589			5,280		8,309		$	1		$	8,310
Corporate and Other		270			270			-			17		(17	)
Acquisition-related items		-			290			(290	)		1,282		(1,572	)
Certain Significant items		(13	)		299			(312	)		-		(312	)
AT&T Inc.	$	40,890		$	27,903		$	12,987		$	6,579	$	6,408


September 30, 2015
	Revenues			Operations and Support Expenses			EBITDA			Depreciation and Amortization		Operating Income (Loss)			Equity in Net Income (Loss) of Affiliates			Segment Contribution
Business Solutions	$	17,692		$	10,921		$	6,771		$	2,474	$	4,297		$	-		$	4,297
Entertainment Group		10,858			8,450			2,408			1,389		1,019			2			1,021
Consumer Mobility		8,784			5,065			3,719			976		2,743			-			2,743
International		1,526			1,384			142			225		(83	)		(4	)		(87	)
Segment Total		38,860			25,820			13,040			5,064		7,976		$	(2	)	$	7,974
Corporate and Other		316			315			1			3		(2	)
Acquisition-related items		(85	)		611			(696	)		1,198		(1,894	)
Certain Significant items		-			157			(157	)		-		(157	)
AT&T Inc.	$	39,091		$	26,903		$	12,188		$	6,265	$	5,923




Nine Months Ended
Dollars in millions
Unaudited

September 30, 2016
	Revenues			Operations and Support Expenses			EBITDA			Depreciation and Amortization		Operating Income (Loss)			Equity in Net Income (Loss) of Affiliates			Segment Contribution
Business Solutions	$	52,955		$	32,584		$	20,371		$	7,568	$	12,803		$	-		$	12,803
Entertainment Group		38,089			28,875			9,214			4,481		4,733			1			4,734
Consumer Mobility		24,781			14,343			10,438			2,798		7,640			-			7,640
International		5,374			4,951			423			868		(445	)		24			(421	)
Segment Total		121,199			80,753			40,446			15,715		24,731		$	25		$	24,756
Corporate and Other		759			940			(181	)		54		(235	)
Acquisition-related items		-			818			(818	)		3,949		(4,767	)
Certain Significant items		(13	)		(383	)		370			-		370
AT&T Inc.	$	121,945		$	82,128		$	39,817		$	19,718	$	20,099


September 30, 2015
	Revenues			Operations and Support Expenses			EBITDA			Depreciation and Amortization		Operating Income (Loss)			Equity in Net Income (Loss) of Affiliates			Segment Contribution
Business Solutions	$	52,913		$	32,966		$	19,947		$	7,276	$	12,671		$	-		$	12,671
Entertainment Group		22,300			18,222			4,078			3,519		559			(16	)		543
Consumer Mobility		26,317			15,808			10,509			2,912		7,597			-			7,597
International		2,253			2,131			122			346		(224	)		(4	)		(228	)
Segment Total		103,783			69,127			34,656			14,053		20,603		$	(20	)	$	20,583
Corporate and Other		984			785			199			47		152
Acquisition-related items		(85	)		1,604			(1,689	)		1,439		(3,128	)
Certain Significant items		-			374			(374	)		-		(374	)
AT&T Inc.	$	104,682		$	71,890		$	32,792		$	15,539	$	17,253

AT&T INC. - FORM 8-K - EX-99.1 - AT&T INC. SELECTED FINANCIAL STATEMENTS AND OPERATING DATA - October 24, 2016

Attached files

AT&T INC. Reports