AT&T INC. - FORM 8-K - EX-99.2 - AT&T INC. 2ND QUARTER 2017 SELECTED FINANCIAL STATEMENTS AND OPERATING DATA

Attached files

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EX-99.3 - AT&T INC. 2ND QUARTER 2017 DISCUSSION AND RECONCILIATION OF NON-GAAP MEASURES - AT&T INC.	ex99_3.htm
8-K - AT&T INC. 2ND QUARTER 2017 EARNINGS RELEASE - AT&T INC.	q2earning8k.htm
EX-99.1 - AT&T INC. 2ND QUARTER 2017 PRESS RELEASE - AT&T INC.	ex99_1.htm

AT&T Inc.
Financial Data


Consolidated Statements of Income
Dollars in millions except per share amounts	Three Months Ended									Six Months Ended
Unaudited	June 30,						Percent			June 30,						Percent
	2017			2016			Change			2017			2016			Change
Operating Revenues
Service	$	36,538		$	37,142			-1.6	%	$	72,994		$	74,243			-1.7	%
Equipment		3,299			3,378			-2.3	%		6,208			6,812			-8.9	%
Total Operating Revenues		39,837			40,520			-1.7	%		79,202			81,055			-2.3	%

Operating Expenses
Cost of services and sales
Equipment		4,138			4,260			-2.9	%		7,986			8,635			-7.5	%
Broadcast, programming and operations		4,898			4,701			4.2	%		9,872			9,330			5.8	%
Other cost of services (exclusive of depreciation and amortization shown separately below)		9,218			9,514			-3.1	%		18,283			18,910			-3.3	%
Selling, general and administrative		8,113			8,909			-8.9	%		16,600			17,350			-4.3	%
Depreciation and amortization		6,147			6,576			-6.5	%		12,274			13,139			-6.6	%
Total Operating Expenses		32,514			33,960			-4.3	%		65,015			67,364			-3.5	%
Operating Income		7,323			6,560			11.6	%		14,187			13,691			3.6	%
Interest Expense		(1,395	)		(1,258	)		10.9	%		(2,688	)		(2,465	)		9.0	%
Equity in Net Income (Loss) of Affiliates		14			28			-50.0	%		(159	)		41			-	%
Other Income (Expense) - Net		128			91			40.7	%		108			161			-32.9	%
Income Before Income Taxes		6,070			5,421			12.0	%		11,448			11,428			0.2	%
Income Tax Expense		2,056			1,906			7.9	%		3,860			4,028			-4.2	%
Net Income		4,014			3,515			14.2	%		7,588			7,400			2.5	%
Less: Net Income Attributable to Noncontrolling Interest		(99	)		(107	)		-7.5	%		(204	)		(189	)		7.9	%
Net Income Attributable to AT&T	$	3,915		$	3,408			14.9	%	$	7,384		$	7,211			2.4	%


Basic Earnings Per Share Attributable to AT&T	$	0.63		$	0.55			14.5	%	$	1.19		$	1.17			1.7	%
Weighted Average Common Shares Outstanding (000,000)		6,165			6,174			-0.1	%		6,166			6,173			-0.1	%

Diluted Earnings Per Share Attributable to AT&T	$	0.63		$	0.55			14.5	%	$	1.19		$	1.17			1.7	%
Weighted Average Common Shares Outstanding with Dilution (000,000)		6,184			6,195			-0.2	%		6,185			6,193			-0.1	%

AT&T Inc.
Financial Data


Consolidated Balance Sheets
Dollars in millions
Unaudited	Jun. 30,			Dec. 31,
	2017			2016
Assets
Current Assets
Cash and cash equivalents	$	25,617		$	5,788
Accounts receivable - net of allowances for doubtful accounts of $732 and $661		14,997			16,794
Prepaid expenses		1,371			1,555
Other current assets		11,562			14,232
Total current assets		53,547			38,369
Property, Plant and Equipment - Net		126,184			124,899
Goodwill		105,546			105,207
Licenses		95,864			94,176
Customer Lists and Relationships - Net		12,414			14,243
Other Intangible Assets - Net		7,980			8,441
Investments in Equity Affiliates		1,615			1,674
Other Assets		17,645			16,812
Total Assets	$	420,795		$	403,821

Liabilities and Stockholders' Equity
Current Liabilities
Debt maturing within one year	$	10,831		$	9,832
Accounts payable and accrued liabilities		26,471			31,138
Advanced billing and customer deposits		4,371			4,519
Accrued taxes		3,331			2,079
Dividends payable		3,008			3,008
Total current liabilities		48,012			50,576
Long-Term Debt		132,824			113,681
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes		61,926			60,128
Postemployment benefit obligation		31,422			33,578
Other noncurrent liabilities		20,753			21,748
Total deferred credits and other noncurrent liabilities		114,101			115,454
Stockholders' Equity
Common stock		6,495			6,495
Additional paid-in capital		89,471			89,604
Retained earnings		36,067			34,734
Treasury stock		(12,697	)		(12,659	)
Accumulated other comprehensive income		5,389			4,961
Noncontrolling interest		1,133			975
Total stockholders' equity		125,858			124,110
Total Liabilities and Stockholders' Equity	$	420,795		$	403,821

AT&T Inc.
Financial Data


Consolidated Statements of Cash Flows
Dollars in millions	Six Months Ended
Unaudited		June 30,
		2017			2016
Operating Activities
Net income		$	7,588		$	7,400
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			12,274			13,139
Undistributed loss (earnings) from investments in equity affiliates			167			(22	)
Provision for uncollectible accounts			795			705
Deferred income tax expense			964			1,767
Net loss (gain) from sale of investments, net of impairments			12			(85	)
Actuarial loss (gain) on pension and postretirement benefits			(259	)		-
Changes in operating assets and liabilities:
Accounts receivable			119			(364	)
Other current assets			471			2,229
Accounts payable and other accrued liabilities			(2,761	)		(3,032	)
Equipment installment receivables and related sales			907			464
Deferred fulfillment costs			(796	)		(1,190	)
Retirement benefit funding			(280	)		(280	)
Other - net			(1,041	)		(2,524	)
Total adjustments			10,572			10,807
Net Cash Provided by Operating Activities			18,160			18,207

Investing Activities
Capital expenditures:
Purchase of property and equipment			(10,750	)		(9,702	)
Interest during construction			(473	)		(437	)
Acquisitions, net of cash acquired			1,224			(485	)
Dispositions			51			107
Sales of securities, net			-			500
Net Cash Used in Investing Activities			(9,948	)		(10,017	)

Financing Activities
Net change in short-term borrowings with original maturities of three months or less			(2	)		-
Issuance of long-term debt			24,115			10,140
Repayment of long-term debt			(6,118	)		(9,129	)
Purchase of treasury stock			(458	)		(197	)
Issuance of treasury stock			24			119
Dividends paid			(6,021	)		(5,899	)
Other			77			(1,137	)
Net Cash Provided by (Used in) Financing Activities			11,617			(6,103	)
Net increase in cash and cash equivalents			19,829			2,087
Cash and cash equivalents beginning of year			5,788			5,121
Cash and Cash Equivalents End of Period		$	25,617		$	7,208

AT&T Inc.
Consolidated Supplementary Data


Supplementary Financial Data
Dollars in millions except per share amounts	Three Months Ended									Six Months Ended
Unaudited	June 30,						Percent			June 30,						Percent
	2017			2016			Change			2017			2016			Change
Capital expenditures
Purchase of property and equipment	$	4,966		$	5,251			-5.4	%	$	10,750		$	9,702			10.8	%
Interest during construction	$	242		$	219			10.5	%	$	473		$	437			8.2	%

Dividends Declared per Share	$	0.49		$	0.48			2.1	%	$	0.98		$	0.96			2.1	%

End of Period Common Shares Outstanding (000,000)											6,140			6,152			-0.2	%
Debt Ratio											53.3	%		50.5	%		280	BP
Total Employees											260,480			277,200			-6.0	%



Supplementary Operating Data
Subscribers and connections in thousands
Unaudited										June 30,						Percent
											2017			2016		Change
Wireless Subscribers
Domestic											136,500			131,805			3.6	%
Mexico											13,082			9,955			31.4	%
Total Wireless Subscribers											149,582			141,760			5.5	%

Total Branded Wireless Subscribers											104,421			99,557			4.9	%

Video Connections
Domestic											25,200			25,323			-0.5	%
PanAmericana											8,103			7,175			12.9	%
Brazil											5,519			5,348			3.2	%
Total Video Connections											38,822			37,846			2.6	%

Broadband Connections
IP											14,234			13,544			5.1	%
DSL											1,452			2,097			-30.8	%
Total Broadband Connections											15,686			15,641			0.3	%

Voice Connections
Network Access Lines											12,791			15,284			-16.3	%
U-verse VoIP Connections											5,853			5,593			4.6	%
Total Retail Consumer Voice Connections											18,644			20,877			-10.7	%




	Three Months Ended									Six Months Ended
	June 30,						Percent			June 30,						Percent
		2017			2016		Change				2017			2016		Change
Wireless Net Additions
Domestic		2,282			1,361			67.7	%		4,363			3,142			38.9	%
Mexico		476			742			-35.8	%		1,109			1,271			-12.7	%
Total Wireless Net Additions		2,758			2,103			31.1	%		5,472			4,413			24.0	%

Total Branded Wireless Net Additions		888			1,401			-36.6	%		1,626			2,596			-37.4	%

Video Net Additions
Domestic		(199	)		(49	)		-	%		(360	)		(101	)		-	%
PanAmericana		13			81			-84.0	%		65			109			-40.4	%
Brazil		(69	)		6			-	%		(30	)		(95	)		68.4	%
Total Video Net Additions		(255	)		38			-	%		(325	)		(87	)		-	%

Broadband Net Additions
IP		124			74			67.6	%		370			276			34.1	%
DSL		(133	)		(197	)		32.5	%		(289	)		(413	)		30.0	%
Total Broadband Net Additions		(9	)		(123	)		92.7	%		81			(137	)		-	%

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									Six Months Ended
Unaudited	June 30,						Percent			June 30,						Percent
	2017			2016			Change			2017			2016			Change
Segment Operating Revenues
Wireless service	$	8,006		$	7,963			0.5	%	$	15,935		$	15,818			0.7	%
Fixed strategic services		3,028			2,805			8.0	%		6,002			5,556			8.0	%
Legacy voice and data services		3,508			4,162			-15.7	%		7,138			8,535			-16.4	%
Other service and equipment		844			874			-3.4	%		1,661			1,733			-4.2	%
Wireless equipment		1,721			1,775			-3.0	%		3,219			3,546			-9.2	%
Total Segment Operating Revenues		17,107			17,579			-2.7	%		33,955			35,188			-3.5	%

Segment Operating Expenses
Operations and support expenses		10,313			10,857			-5.0	%		20,489			21,659			-5.4	%
Depreciation and amortization		2,335			2,521			-7.4	%		4,647			5,029			-7.6	%
Total Segment Operating Expenses		12,648			13,378			-5.5	%		25,136			26,688			-5.8	%
Segment Operating Income		4,459			4,201			6.1	%		8,819			8,500			3.8	%
Equity in Net Income of Affiliates		-			-			-	%		-			-			-	%
Segment Contribution	$	4,459		$	4,201			6.1	%	$	8,819		$	8,500			3.8	%

Segment Operating Income Margin		26.1	%		23.9	%					26.0	%		24.2	%



Supplementary Operating Data
Subscribers and connections in thousands
Unaudited										June 30,						Percent
											2017			2016		Change
Business Solutions Wireless Subscribers
Postpaid/Branded											51,111			49,433			3.4	%
Reseller											72			51			41.2	%
Connected Devices											33,611			28,061			19.8	%
Total Business Solutions Wireless Subscribers											84,794			77,545			9.3	%

Business Solutions IP Broadband Connections											992			948			4.6	%



	Three Months Ended									Six Months Ended
	June 30,						Percent			June 30,						Percent
		2017			2016		Change				2017			2016		Change
Business Solutions Wireless Net Additions
Postpaid/Branded		36			185			-80.5	%		(89	)		318			-	%
Reseller		(5	)		(13	)		61.5	%		1			(35	)		-	%
Connected Devices		2,170			1,199			81.0	%		4,723			2,777			70.1	%
Total Business Solutions Wireless Net Additions		2,201			1,371			60.5	%		4,635			3,060			51.5	%

Business Solutions Wireless Postpaid Churn		0.97	%		0.91	%		6	BP		1.02	%		0.97	%		5	BP

Business Solutions IP Broadband Net Additions		12			20			-40.0	%		16			37			-56.8	%

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									Six Months Ended
Unaudited	June 30,						Percent			June 30,						Percent
	2017			2016			Change			2017			2016			Change
Segment Operating Revenues
Video entertainment	$	9,153		$	8,963			2.1	%	$	18,173		$	17,867			1.7	%
High-speed internet		1,927			1,867			3.2	%		3,868			3,670			5.4	%
Legacy voice and data services		1,005			1,244			-19.2	%		2,061			2,557			-19.4	%
Other service and equipment		597			637			-6.3	%		1,203			1,275			-5.6	%
Total Segment Operating Revenues		12,682			12,711			-0.2	%		25,305			25,369			-0.3	%

Segment Operating Expenses
Operations and support expenses		9,558			9,569			-0.1	%		19,159			19,147			0.1	%
Depreciation and amortization		1,458			1,489			-2.1	%		2,877			2,977			-3.4	%
Total Segment Operating Expenses		11,016			11,058			-0.4	%		22,036			22,124			-0.4	%
Segment Operating Income		1,666			1,653			0.8	%		3,269			3,245			0.7	%
Equity in Net Income (Loss) of Affiliates		(11	)		(2	)		-	%		(17	)		1			-	%
Segment Contribution	$	1,655		$	1,651			0.2	%	$	3,252		$	3,246			0.2	%

Segment Operating Income Margin		13.1	%		13.0	%					12.9	%		12.8	%



Supplementary Operating Data
Subscribers and connections in thousands										Six Months Ended
Unaudited										June 30,						Percent
											2017			2016		Change
Video Connections
Satellite											20,856			20,454			2.0	%
U-verse											3,825			4,841			-21.0	%
DIRECTV NOW											491			-			-	%
Total Video Connections											25,172			25,295			-0.5	%

Broadband Connections
IP											13,242			12,596			5.1	%
DSL											1,060			1,585			-33.1	%
Total Broadband Connections											14,302			14,181			0.9	%

Voice Connections
Retail Consumer Switched Access Lines											5,257			6,515			-19.3	%
U-verse Consumer VoIP Connections											5,439			5,300			2.6	%
Total Retail Consumer Voice Connections											10,696			11,815			-9.5	%



	Three Months Ended									Six Months Ended
	June 30,						Percent			June 30,						Percent
		2017			2016		Change				2017			2016		Change
Video Net Additions
Satellite		(156	)		342			-	%		(156	)		670			-	%
U-verse		(195	)		(391	)		50.1	%		(428	)		(773	)		44.6	%
DIRECTV NOW		152			-			-	%		224			-			-	%
Total Video Net Additions		(199	)		(49	)		-	%		(360	)		(103	)		-	%

Broadband Net Additions
IP		112			54			-	%		354			240			47.5	%
DSL		(104	)		(164	)		36.6	%		(231	)		(345	)		33.0	%
Total Broadband Net Additions		8			(110	)		-	%		123			(105	)		-	%

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									Six Months Ended
Unaudited	June 30,						Percent			June 30,						Percent
	2017			2016			Change			2017			2016			Change
Segment Operating Revenues
Service	$	6,528		$	6,948			-6.0	%	$	13,137		$	13,891			-5.4	%
Equipment		1,263			1,238			2.0	%		2,394			2,623			-8.7	%
Total Segment Operating Revenues		7,791			8,186			-4.8	%		15,531			16,514			-6.0	%

Segment Operating Expenses
Operations and support expenses		4,520			4,680			-3.4	%		9,048			9,592			-5.7	%
Depreciation and amortization		871			932			-6.5	%		1,744			1,854			-5.9	%
Total Segment Operating Expenses		5,391			5,612			-3.9	%		10,792			11,446			-5.7	%
Segment Operating Income		2,400			2,574			-6.8	%		4,739			5,068			-6.5	%
Equity in Net Income of Affiliates		-			-			-	%		-			-			-	%
Segment Contribution	$	2,400		$	2,574			-6.8	%	$	4,739		$	5,068			-6.5	%

Segment Operating Income Margin		30.8	%		31.4	%					30.5	%		30.7	%



Supplementary Operating Data
Subscribers and connections in thousands
Unaudited										June 30,						Percent
											2017			2016		Change
Consumer Mobility Subscribers
Postpaid											26,290			27,862			-5.6	%
Prepaid											14,187			12,633			12.3	%
Branded											40,477			40,495			-	%
Reseller											10,182			12,869			-20.9	%
Connected Devices											1,047			896			16.9	%
Total Consumer Mobility Subscribers											51,706			54,260			-4.7	%



	Three Months Ended									Six Months Ended
	June 30,						Percent			June 30,						Percent
		2017			2016		Change				2017			2016		Change
Consumer Mobility Net Additions
Postpaid		91			72			26.4	%		25			68			-63.2	%
Prepaid		267			365			-26.8	%		549			865			-36.5	%
Branded		358			437			-18.1	%		574			933			-38.5	%
Reseller		(363	)		(446	)		18.6	%		(951	)		(824	)		-15.4	%
Connected Devices		86			(1	)		-	%		105			(27	)		-	%
Total Consumer Mobility Net Additions		81			(10	)		-	%		(272	)		82			-	%

Total Churn		2.15	%		1.96	%		19	BP		2.29	%		2.04	%		25	BP
Postpaid Churn		1.09	%		1.09	%		-	BP		1.16	%		1.16	%		-	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									Six Months Ended
Unaudited	June 30,						Percent			June 30,						Percent
	2017			2016			Change			2017			2016			Change
Segment Operating Revenues
Video entertainment	$	1,361		$	1,222			11.4	%	$	2,702		$	2,352			14.9	%
Wireless service		535			489			9.4	%		1,010			944			7.0	%
Wireless equipment		130			117			11.1	%		243			199			22.1	%
Total Segment Operating Revenues		2,026			1,828			10.8	%		3,955			3,495			13.2	%

Segment Operating Expenses
Operations and support expenses		1,772			1,723			2.8	%		3,531			3,311			6.6	%
Depreciation and amortization		311			298			4.4	%		601			575			4.5	%
Total Segment Operating Expenses		2,083			2,021			3.1	%		4,132			3,886			6.3	%
Segment Operating Income (Loss)		(57	)		(193	)		70.5	%		(177	)		(391	)		54.7	%
Equity in Net Income (Loss) of Affiliates		25			9			-	%		45			23			95.7	%
Segment Contribution	$	(32	)	$	(184	)		82.6	%	$	(132	)	$	(368	)		64.1	%

Segment Operating Income Margin		(2.8	)%		(10.6	)%					(4.5	)%		(11.2	)%



Supplementary Operating Data
Subscribers and connections in thousands
Unaudited										June 30,						Percent
										2017			2016			Change
Mexican Wireless Subscribers
Postpaid											5,187			4,570			13.5	%
Prepaid											7,646			5,059			51.1	%
Branded											12,833			9,629			33.3	%
Reseller											249			326			-23.6	%
Total Mexican Wireless Subscribers											13,082			9,955			31.4	%

Latin America Satellite Subscribers
PanAmericana											8,103			7,175			12.9	%
SKY Brazil											5,519			5,348			3.2	%
Total Latin America Satellite Subscribers											13,622			12,523			8.8	%



	Three Months Ended										Six Months Ended
	June 30,						Percent			June 30,						Percent
	2017			2016			Change			2017			2016			Change
Mexican Wireless Net Additions
Postpaid		92			165			-44.2	%		222			281			-21.0	%
Prepaid		402			614			-34.5	%		919			1,064			-13.6	%
Branded		494			779			-36.6	%		1,141			1,345			-15.2	%
Reseller		(18	)		(37	)		51.4	%		(32	)		(74	)		56.8	%
Total Mexican Wireless Net Additions		476			742			-35.8	%		1,109			1,271			-12.7	%

Latin America Satellite Net Additions
PanAmericana		13			81			-84.0	%		65			109			-40.4	%
SKY Brazil		(69	)		6			-	%		(30	)		(95	)		68.4	%
Total Latin America Satellite Net Additions		(56	)		87			-	%		35			14			-	%

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									Six Months Ended
Unaudited	June 30,						Percent			June 30,						Percent
	2017			2016			Change			2017			2016			Change
Operating Revenues
Service	$	14,534		$	14,911			-2.5	%	$	29,072		$	29,709			-2.1	%
Equipment		2,984			3,013			-1.0	%		5,613			6,169			-9.0	%
Total Operating Revenues		17,518			17,924			-2.3	%		34,685			35,878			-3.3	%

Operating Expenses
Operations and support expenses		10,197			10,501			-2.9	%		20,195			21,125			-4.4	%
Depreciation and amortization		1,992			2,081			-4.3	%		3,989			4,137			-3.6	%
Total Operating Expenses		12,189			12,582			-3.1	%		24,184			25,262			-4.3	%
Operating Income	$	5,329		$	5,342			-0.2	%	$	10,501		$	10,616			-1.1	%

Operating Income Margin		30.4	%		29.8	%					30.3	%		29.6	%



Supplementary Operating Data
Subscribers and connections in thousands
Unaudited										June 30,						Percent
											2017			2016		Change
AT&T Mobility Subscribers
Postpaid											77,401			77,295			0.1	%
Prepaid											14,187			12,633			12.3	%
Branded											91,588			89,928			1.8	%
Reseller											10,254			12,920			-20.6	%
Connected Devices											34,658			28,957			19.7	%
Total AT&T Mobility Subscribers											136,500			131,805			3.6	%

Domestic Licensed POPs (000,000)											326			322			1.2	%



	Three Months Ended									Six Months Ended
	June 30,						Percent			June 30,						Percent
		2017			2016		Change				2017			2016		Change
AT&T Mobility Net Additions
Postpaid		127			257			-50.6	%		(64	)		386			-	%
Prepaid		267			365			-26.8	%		549			865			-36.5	%
Branded		394			622			-36.7	%		485			1,251			-61.2	%
Reseller		(368	)		(459	)		19.8	%		(950	)		(859	)		-10.6	%
Connected Devices		2,256			1,198			88.3	%		4,828			2,750			75.6	%
Total AT&T Mobility Net Additions		2,282			1,361			67.7	%		4,363			3,142			38.9	%
M&A Activity, Partitioned Customers and Other Adjustments		-			(1	)		-	%		(2,723	)		23			-	%

Total Churn		1.28	%		1.35	%		-7	BP		1.37	%		1.38	%		-1	BP
Postpaid Churn		1.01	%		0.97	%		4	BP		1.07	%		1.04	%		3	BP

SUPPLEMENTAL SEGMENT RECONCILIATION


Three Months Ended
Dollars in millions
Unaudited

June 30, 2017
	Revenues		Operations and Support Expenses			EBITDA			Depreciation and Amortization		Operating Income (Loss)			Equity in Net Income (Loss) of Affiliates			Segment Contribution
Business Solutions	$	17,107	$	10,313		$	6,794		$	2,335	$	4,459		$	-		$	4,459
Entertainment Group		12,682		9,558			3,124			1,458		1,666			(11	)		1,655
Consumer Mobility		7,791		4,520			3,271			871		2,400			-			2,400
International		2,026		1,772			254			311		(57	)		25			(32	)
Segment Total		39,606		26,163			13,443			4,975		8,468		$	14		$	8,482
Corporate and Other		231		87			144			2		142
Acquisition-related items		-		281			(281	)		1,170		(1,451	)
Certain Significant items		-		(164	)		164			-		164
AT&T Inc.	$	39,837	$	26,367		$	13,470		$	6,147	$	7,323


June 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	$	17,579	$	10,857		$	6,722		$	2,521	$	4,201		$	-		$	4,201
Entertainment Group		12,711		9,569			3,142			1,489		1,653			(2	)		1,651
Consumer Mobility		8,186		4,680			3,506			932		2,574			-			2,574
International		1,828		1,723			105			298		(193	)		9			(184	)
Segment Total		40,304		26,829			13,475			5,240		8,235		$	7		$	8,242
Corporate and Other		216		293			(77	)		20		(97	)
Acquisition-related items		-		233			(233	)		1,316		(1,549	)
Certain Significant items		-		29			(29	)		-		(29	)
AT&T Inc.	$	40,520	$	27,384		$	13,136		$	6,576	$	6,560




Six Months Ended
Dollars in millions
Unaudited

June 30, 2017
	Revenues		Operations and Support Expenses			EBITDA			Depreciation and Amortization		Operating Income (Loss)			Equity in Net Income (Loss) of Affiliates			Segment Contribution
Business Solutions	$	33,955	$	20,489		$	13,466		$	4,647	$	8,819		$	-		$	8,819
Entertainment Group		25,305		19,159			6,146			2,877		3,269			(17	)		3,252
Consumer Mobility		15,531		9,048			6,483			1,744		4,739			-			4,739
International		3,955		3,531			424			601		(177	)		45			(132	)
Segment Total		78,746		52,227			26,519			9,869		16,650		$	28		$	16,678
Corporate and Other		456		308			148			33		115
Acquisition-related items		-		488			(488	)		2,372		(2,860	)
Certain Significant items		-		(282	)		282			-		282
AT&T Inc.	$	79,202	$	52,741		$	26,461		$	12,274	$	14,187


June 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	$	35,188	$	21,659		$	13,529		$	5,029	$	8,500		$	-		$	8,500
Entertainment Group		25,369		19,147			6,222			2,977		3,245			1			3,246
Consumer Mobility		16,514		9,592			6,922			1,854		5,068			-			5,068
International		3,495		3,311			184			575		(391	)		23			(368	)
Segment Total		80,566		53,709			26,857			10,435		16,422		$	24		$	16,446
Corporate and Other		489		670			(181	)		37		(218	)
Acquisition-related items		-		528			(528	)		2,667		(3,195	)
Certain Significant items		-		(682	)		682			-		682
AT&T Inc.	$	81,055	$	54,225		$	26,830		$	13,139	$	13,691

AT&T INC. - FORM 8-K - EX-99.2 - AT&T INC. 2ND QUARTER 2017 SELECTED FINANCIAL STATEMENTS AND OPERATING DATA - July 25, 2017

Attached files

AT&T INC. Reports