AT&T INC. - FORM 8-K - EX-99.1 - AT&T INC. 3RD QUARTER 2017 SELECTED FINANCIAL STATEMENTS AND OPERATING DATA

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EX-99.2 - AT&T INC. 3RD QUARTER 2017 DISCUSSION AND RECONCILIATION OF NON-GAAP MEASURES - AT&T INC.	ex99_2.htm
8-K - AT&T INC. 3RD QUARTER 2017 EARNINGS RELEASE - AT&T INC.	q3earnings8k_801.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
		2017		2016	Change			2017		2016	Change
Operating Revenues
Service	$	36,378	$	37,272	-2.4	%	$	109,372	$	111,515	-1.9	%
Equipment		3,290		3,618	-9.1	%		9,498		10,430	-8.9	%
Total Operating Revenues		39,668		40,890	-3.0	%		118,870		121,945	-2.5	%

Operating Expenses
Cost of services and sales
Equipment		4,191		4,455	-5.9	%		12,177		13,090	-7.0	%
Broadcast, programming and operations		5,284		4,909	7.6	%		15,156		14,239	6.4	%
Other cost of services (exclusive of depreciation and amortization shown separately below)		9,431		9,526	-1.0	%		27,714		28,436	-2.5	%
Selling, general and administrative		8,317		9,013	-7.7	%		24,917		26,363	-5.5	%
Depreciation and amortization		6,042		6,579	-8.2	%		18,316		19,718	-7.1	%
Total Operating Expenses		33,265		34,482	-3.5	%		98,280		101,846	-3.5	%
Operating Income		6,403		6,408	-0.1	%		20,590		20,099	2.4	%
Interest Expense		(1,686)		(1,224)	37.7	%		(4,374)		(3,689)	18.6	%
Equity in Net Income (Loss) of Affiliates		11		16	-31.3	%		(148)		57	-	%
Other Income (Expense) - Net		246		(7)	-	%		354		154	-	%
Income Before Income Taxes		4,974		5,193	-4.2	%		16,422		16,621	-1.2	%
Income Tax Expense		1,851		1,775	4.3	%		5,711		5,803	-1.6	%
Net Income		3,123		3,418	-8.6	%		10,711		10,818	-1.0	%
Less: Net Income Attributable to Noncontrolling Interest		(94)		(90)	4.4	%		(298)		(279)	6.8	%
Net Income Attributable to AT&T	$	3,029	$	3,328	-9.0	%	$	10,413	$	10,539	-1.2	%


Basic Earnings Per Share Attributable to AT&T	$	0.49	$	0.54	-9.3	%	$	1.69	$	1.70	-0.6	%
Weighted Average Common Shares Outstanding (000,000)		6,162		6,168	-0.1	%		6,164		6,171	-0.1	%

Diluted Earnings Per Share Attributable to AT&T	$	0.49	$	0.54	-9.3	%	$	1.69	$	1.70	-0.6	%
Weighted Average Common Shares Outstanding with Dilution (000,000)		6,182		6,189	-0.1	%		6,184		6,191	-0.1	%

AT&T Inc.
Financial Data


Consolidated Balance Sheets
Dollars in millions
Unaudited		Sep. 30,		Dec. 31,
		2017		2016
Assets
Current Assets
Cash and cash equivalents	$	48,499	$	5,788
Accounts receivable - net of allowances for doubtful accounts of $741 and $661		15,876		16,794
Prepaid expenses		1,258		1,555
Other current assets		10,724		14,232
Total current assets		76,357		38,369
Property, Plant and Equipment - Net		126,462		124,899
Goodwill		105,668		105,207
Licenses		96,071		94,176
Customer Lists and Relationships - Net		11,573		14,243
Other Intangible Assets - Net		7,775		8,441
Investments in Equity Affiliates		1,627		1,674
Other Assets		18,332		16,812
Total Assets	$	443,865	$	403,821

Liabilities and Stockholders' Equity
Current Liabilities
Debt maturing within one year	$	8,551	$	9,832
Accounts payable and accrued liabilities		28,928		31,138
Advanced billing and customer deposits		4,503		4,519
Accrued taxes		2,703		2,079
Dividends payable		3,008		3,008
Total current liabilities		47,693		50,576
Long-Term Debt		154,728		113,681
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes		64,381		60,128
Postemployment benefit obligation		31,231		33,578
Other noncurrent liabilities		19,723		21,748
Total deferred credits and other noncurrent liabilities		115,335		115,454
Stockholders' Equity
Common stock		6,495		6,495
Additional paid-in capital		89,527		89,604
Retained earnings		36,074		34,734
Treasury stock		(12,716)		(12,659)
Accumulated other comprehensive income		5,580		4,961
Noncontrolling interest		1,149		975
Total stockholders' equity		126,109		124,110
Total Liabilities and Stockholders' Equity	$	443,865	$	403,821

AT&T Inc.
Financial Data


Consolidated Statements of Cash Flows
Dollars in millions		Nine Months Ended
Unaudited		September 30,
			2017		2016
Operating Activities
Net income		$	10,711	$	10,818
Adjustments to reconcile net income to net cash provided by operating activities:
	Depreciation and amortization		18,316		19,718
	Undistributed loss (earnings) from investments in equity affiliates		171		(22)
	Provision for uncollectible accounts		1,216		1,036
	Deferred income tax expense		3,254		3,011
	Net loss (gain) from sale of investments, net of impairments		(114)		(88)
	Actuarial loss (gain) on pension and postretirement benefits		(259)		-
Changes in operating assets and liabilities:
	Accounts receivable		(652)		(1,108)
	Other current assets		(106)		1,805
	Accounts payable and other accrued liabilities		(1,437)		(1,173)
	Equipment installment receivables and related sales		1,116		207
	Deferred fulfillment costs		(1,102)		(1,883)
Retirement benefit funding			(420)		(770)
Other - net			(1,420)		(2,349)
Total adjustments			18,563		18,384
Net Cash Provided by Operating Activities			29,274		29,202

Investing Activities
Capital expenditures:
	Purchase of property and equipment		(15,756)		(15,283)
	Interest during construction		(718)		(669)
Acquisitions, net of cash acquired			1,154		(2,922)
Dispositions			56		184
(Purchases) sales of securities, net			(2)		501
Net Cash Used in Investing Activities			(15,266)		(18,189)

Financing Activities
Issuance of long-term debt			46,761		10,140
Repayment of long-term debt			(10,309)		(10,688)
Purchase of treasury stock			(460)		(444)
Issuance of treasury stock			26		137
Dividends paid			(9,030)		(8,850)
Other			1,715		(534)
Net Cash Provided by (Used in) Financing Activities			28,703		(10,239)
Net increase in cash and cash equivalents			42,711		774
Cash and cash equivalents beginning of year			5,788		5,121
Cash and Cash Equivalents End of Period		$	48,499	$	5,895

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
			2017		2016	Change			2017		2016		Change
Capital expenditures
	Purchase of property and equipment	$	5,006	$	5,581	-10.3	%	$	15,756	$	15,283		3.1	%
	Interest during construction	$	245	$	232	5.6	%	$	718	$	669		7.3	%

Dividends Declared per Share		$	0.49	$	0.48	2.1	%	$	1.47	$	1.44		2.1	%

End of Period Common Shares Outstanding (000,000)									6,139		6,141		-	%
Debt Ratio									56.4	%	50.1	%	630	BP
Total Employees									256,800		273,140		-6.0	%

Supplementary Operating Data
Subscribers and connections in thousands
Unaudited								September 30,					Percent
									2017		2016		Change
Wireless Subscribers
	Domestic								138,826		133,338		4.1	%
	Mexico								13,779		10,698		28.8	%
Total Wireless Subscribers									152,605		144,036		5.9	%

Total Branded Wireless Subscribers									106,098		100,821		5.2	%

Video Connections
	Domestic								25,110		25,321		-0.8	%
	PanAmericana								8,201		7,139		14.9	%
	Brazil								5,289		5,337		-0.9	%
Total Video Connections									38,600		37,797		2.1	%

Broadband Connections
	IP								14,384		13,715		4.9	%
	DSL								1,331		1,903		-30.1	%
Total Broadband Connections									15,715		15,618		0.6	%

Voice Connections
	Network Access Lines								12,249		14,603		-16.1	%
	U-verse VoIP Connections								5,774		5,707		1.2	%
Total Retail Consumer Voice Connections									18,023		20,310		-11.3	%

		Three Months Ended						Nine Months Ended
		September 30,				Percent		September 30,					Percent
			2017		2016	Change			2017		2016		Change
Wireless Net Additions
	Domestic		2,323		1,532	51.6	%		6,686		4,674		43.0	%
	Mexico		697		743	-6.2	%		1,806		2,014		-10.3	%
Total Wireless Net Additions			3,020		2,275	32.7	%		8,492		6,688		27.0	%

Total Branded Wireless Net Additions			1,156		1,285	-10.0	%		2,782		3,881		-28.3	%

Video Net Additions
	Domestic		(90)		(2)	-	%		(450)		(103)		-	%
	PanAmericana		98		(36)	-	%		163		73		-	%
	Brazil		(230)		(12)	-	%		(260)		(107)		-	%
Total Video Net Additions			(222)		(50)	-	%		(547)		(137)		-	%

Broadband Net Additions
	IP		150		171	-12.3	%		520		447		16.3	%
	DSL		(121)		(194)	37.6	%		(410)		(607)		32.5	%
Total Broadband Net Additions			29		(23)	-	%		110		(160)		-	%

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
			2017		2016		Change			2017		2016		Change
Segment Operating Revenues
	Wireless service	$	8,034	$	8,050		-0.2	%	$	23,969	$	23,868		0.4	%
	Fixed strategic services		3,087		2,913		6.0	%		9,089		8,469		7.3	%
	Legacy voice and data services		3,434		4,042		-15.0	%		10,572		12,577		-15.9	%
	Other service and equipment		852		886		-3.8	%		2,513		2,619		-4.0	%
	Wireless equipment		1,654		1,876		-11.8	%		4,873		5,422		-10.1	%
Total Segment Operating Revenues			17,061		17,767		-4.0	%		51,016		52,955		-3.7	%

Segment Operating Expenses
Operations and support expenses			10,233		10,925		-6.3	%		30,722		32,584		-5.7	%
Depreciation and amortization			2,325		2,539		-8.4	%		6,972		7,568		-7.9	%
Total Segment Operating Expenses			12,558		13,464		-6.7	%		37,694		40,152		-6.1	%
Segment Operating Income			4,503		4,303		4.6	%		13,322		12,803		4.1	%
Equity in Net Income of Affiliates			-		-		-	%		-		-		-	%
Segment Contribution		$	4,503	$	4,303		4.6	%	$	13,322	$	12,803		4.1	%

Segment Operating Income Margin			26.4	%	24.2	%				26.1	%	24.2	%


Supplementary Operating Data
Subscribers and connections in thousands
Unaudited									September 30,					Percent
										2017		2016		Change
Business Solutions Wireless Subscribers
	Postpaid/Branded									51,412		50,014		2.8	%
	Reseller									77		58		32.8	%
	Connected Devices									35,909		29,355		22.3	%
Total Business Solutions Wireless Subscribers										87,398		79,427		10.0	%

Business Solutions IP Broadband Connections										1,017		963		5.6	%


		Three Months Ended							Nine Months Ended
		September 30,					Percent		September 30,					Percent
			2017		2016		Change			2017		2016		Change
Business Solutions Wireless Net Additions
	Postpaid/Branded		15		191		-92.1	%		(74)		509		-	%
	Reseller		2		1		-	%		3		(34)		-	%
	Connected Devices		2,292		1,290		77.7	%		7,015		4,067		72.5	%
Total Business Solutions Wireless Net Additions			2,309		1,482		55.8	%		6,944		4,542		52.9	%

Business Solutions Wireless Postpaid Churn			1.01	%	0.97	%	4	BP		1.02	%	0.97	%	5	BP

Business Solutions IP Broadband Net Additions			25		15		66.7	%		41		52		-21.2	%

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
			2017		2016		Change			2017		2016		Change
Segment Operating Revenues
	Video entertainment	$	9,200	$	9,026		1.9	%	$	27,373	$	26,893		1.8	%
	High-speed internet		1,916		1,892		1.3	%		5,784		5,562		4.0	%
	Legacy voice and data services		949		1,168		-18.8	%		3,010		3,725		-19.2	%
	Other service and equipment		583		634		-8.0	%		1,786		1,909		-6.4	%
Total Segment Operating Revenues			12,648		12,720		-0.6	%		37,953		38,089		-0.4	%

Segment Operating Expenses
Operations and support expenses			9,953		9,728		2.3	%		29,112		28,875		0.8	%
Depreciation and amortization			1,379		1,504		-8.3	%		4,256		4,481		-5.0	%
Total Segment Operating Expenses			11,332		11,232		0.9	%		33,368		33,356		-	%
Segment Operating Income			1,316		1,488		-11.6	%		4,585		4,733		-3.1	%
Equity in Net Income (Loss) of Affiliates			(6)		-		-	%		(23)		1		-	%
Segment Contribution		$	1,310	$	1,488		-12.0	%	$	4,562	$	4,734		-3.6	%

Segment Operating Income Margin			10.4	%	11.7	%				12.1	%	12.4	%


Supplementary Operating Data
Subscribers and connections in thousands									Nine Months Ended
Unaudited									September 30,					Percent
										2017		2016		Change
Video Connections
	Satellite									20,605		20,777		-0.8	%
	U-verse									3,691		4,515		-18.3	%
	DIRECTV NOW									787		-		-	%
Total Video Connections										25,083		25,292		-0.8	%

Broadband Connections
	IP									13,367		12,752		4.8	%
	DSL									964		1,424		-32.3	%
Total Broadband Connections										14,331		14,176		1.1	%

Voice Connections
	Retail Consumer Switched Access Lines									4,996		6,155		-18.8	%
	U-verse Consumer VoIP Connections									5,337		5,378		-0.8	%
Total Retail Consumer Voice Connections										10,333		11,533		-10.4	%


		Three Months Ended							Nine Months Ended
		September 30,					Percent		September 30,					Percent
			2017		2016		Change			2017		2016		Change
Video Net Additions
	Satellite		(251)		323		-	%		(407)		993		-	%
	U-verse		(134)		(326)		58.9	%		(562)		(1,099)		48.9	%
	DIRECTV NOW		296		-		-	%		520		-		-	%
Total Video Net Additions			(89)		(3)		-	%		(449)		(106)		-	%

Broadband Net Additions
	IP		125		156		-19.9	%		479		396		21.0	%
	DSL		(96)		(161)		40.4	%		(327)		(506)		35.4	%
Total Broadband Net Additions			29		(5)		-	%		152		(110)		-	%

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
			2017		2016		Change			2017		2016		Change
Segment Operating Revenues
	Service	$	6,507	$	6,914		-5.9	%	$	19,644	$	20,805		-5.6	%
	Equipment		1,241		1,353		-8.3	%		3,635		3,976		-8.6	%
Total Segment Operating Revenues			7,748		8,267		-6.3	%		23,279		24,781		-6.1	%

Segment Operating Expenses
Operations and support expenses			4,551		4,751		-4.2	%		13,599		14,343		-5.2	%
Depreciation and amortization			877		944		-7.1	%		2,621		2,798		-6.3	%
Total Segment Operating Expenses			5,428		5,695		-4.7	%		16,220		17,141		-5.4	%
Segment Operating Income			2,320		2,572		-9.8	%		7,059		7,640		-7.6	%
Equity in Net Income of Affiliates			-		-		-	%		-		-		-	%
Segment Contribution		$	2,320	$	2,572		-9.8	%	$	7,059	$	7,640		-7.6	%

Segment Operating Income Margin			29.9	%	31.1	%				30.3	%	30.8	%


Supplementary Operating Data
Subscribers and connections in thousands
Unaudited									September 30,					Percent
										2017		2016		Change
Consumer Mobility Subscribers
	Postpaid									26,003		27,374		-5.0	%
	Prepaid									15,136		13,035		16.1	%
Branded										41,139		40,409		1.8	%
Reseller										9,800		12,566		-22.0	%
Connected Devices										489		936		-47.8	%
Total Consumer Mobility Subscribers										51,428		53,911		-4.6	%


		Three Months Ended							Nine Months Ended
		September 30,					Percent		September 30,					Percent
			2017		2016		Change			2017		2016		Change
Consumer Mobility Net Additions
	Postpaid		102		21		-	%		127		89		42.7	%
	Prepaid¹		324		304		6.6	%		873		1,169		-25.3	%
Branded			426		325		31.1	%		1,000		1,258		-20.5	%
Reseller			(394)		(316)		-24.7	%		(1,345)		(1,140)		-18.0	%
Connected Devices¹			(18)		41		-	%		87		14		-	%
Total Consumer Mobility Net Additions			14		50		-72.0	%		(258)		132		-	%

Total Churn			2.37	%	2.11	%	26	BP		2.32	%	2.06	%	26	BP
Postpaid Churn			1.17	%	1.19	%	-2	BP		1.16	%	1.17	%	-1	BP
¹Effective July 1, 2017 we prospectively reclassified prepaid internet of things (IoT) connections from connected devices to prepaid.

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
			2017		2016		Change			2017		2016		Change
Segment Operating Revenues
	Video entertainment	$	1,363	$	1,297		5.1	%	$	4,065	$	3,649		11.4	%
	Wireless service		536		484		10.7	%		1,546		1,428		8.3	%
	Wireless equipment		200		98		-	%		443		297		49.2	%
Total Segment Operating Revenues			2,099		1,879		11.7	%		6,054		5,374		12.7	%

Segment Operating Expenses
Operations and support expenses			1,937		1,640		18.1	%		5,468		4,951		10.4	%
Depreciation and amortization			304		293		3.8	%		905		868		4.3	%
Total Segment Operating Expenses			2,241		1,933		15.9	%		6,373		5,819		9.5	%
Segment Operating Income (Loss)			(142)		(54)		-	%		(319)		(445)		28.3	%
Equity in Net Income (Loss) of Affiliates			17		1		-	%		62		24		-	%
Segment Contribution		$	(125)	$	(53)		-	%	$	(257)	$	(421)		39.0	%

Segment Operating Income Margin			(6.8)	%	(2.9)	%				(5.3)	%	(8.3)	%


Supplementary Operating Data
Subscribers and connections in thousands
Unaudited									September 30,					Percent
										2017		2016		Change
Mexican Wireless Subscribers
	Postpaid									5,316		4,733		12.3	%
	Prepaid									8,231		5,665		45.3	%
Branded										13,547		10,398		30.3	%
Reseller										232		300		-22.7	%
Total Mexican Wireless Subscribers										13,779		10,698		28.8	%

Latin America Satellite Subscribers
	PanAmericana									8,201		7,139		14.9	%
	SKY Brazil									5,289		5,337		-0.9	%
Total Latin America Satellite Subscribers										13,490		12,476		8.1	%


		Three Months Ended							Nine Months Ended
		September 30,					Percent		September 30,					Percent
			2017		2016		Change			2017		2016		Change
Mexican Wireless Net Additions
	Postpaid		129		163		-20.9	%		351		444		-20.9	%
	Prepaid		585		606		-3.5	%		1,504		1,670		-9.9	%
Branded			714		769		-7.2	%		1,855		2,114		-12.3	%
Reseller			(17)		(26)		34.6	%		(49)		(100)		51.0	%
Total Mexican Wireless Net Additions			697		743		-6.2	%		1,806		2,014		-10.3	%

Latin America Satellite Net Additions
	PanAmericana		98		(36)		-	%		163		73		-	%
	SKY Brazil		(230)		(12)		-	%		(260)		(107)		-	%
Total Latin America Satellite Net Additions			(132)		(48)		-	%		(97)		(34)		-	%

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
			2017		2016		Change			2017		2016		Change
Operating Revenues
	Service	$	14,541	$	14,964		-2.8	%	$	43,613	$	44,673		-2.4	%
	Equipment		2,895		3,229		-10.3	%		8,508		9,398		-9.5	%
Total Operating Revenues			17,436		18,193		-4.2	%		52,121		54,071		-3.6	%

Operating Expenses
Operations and support expenses			10,113		10,697		-5.5	%		30,308		31,822		-4.8	%
Depreciation and amortization			2,010		2,107		-4.6	%		5,999		6,244		-3.9	%
Total Operating Expenses			12,123		12,804		-5.3	%		36,307		38,066		-4.6	%
Operating Income		$	5,313	$	5,389		-1.4	%	$	15,814	$	16,005		-1.2	%

Operating Income Margin			30.5	%	29.6	%				30.3	%	29.6	%


Supplementary Operating Data
Subscribers and connections in thousands
Unaudited									September 30,					Percent
										2017		2016		Change
AT&T Mobility Subscribers
	Postpaid									77,415		77,388		-	%
	Prepaid									15,136		13,035		16.1	%
Branded										92,551		90,423		2.4	%
Reseller										9,877		12,624		-21.8	%
Connected Devices										36,398		30,291		20.2	%
Total AT&T Mobility Subscribers										138,826		133,338		4.1	%

Domestic Licensed POPs (000,000)										326		323		0.9	%


		Three Months Ended							Nine Months Ended
		September 30,					Percent		September 30,					Percent
			2017		2016		Change			2017		2016		Change
AT&T Mobility Net Additions
	Postpaid		117		212		-44.8	%		53		598		-91.1	%
	Prepaid¹		324		304		6.6	%		873		1,169		-25.3	%
Branded			441		516		-14.5	%		926		1,767		-47.6	%
Reseller			(392)		(315)		-24.4	%		(1,342)		(1,174)		-14.3	%
Connected Devices¹			2,274		1,331		70.8	%		7,102		4,081		74.0	%
Total AT&T Mobility Net Additions			2,323		1,532		51.6	%		6,686		4,674		43.0	%
M&A Activity, Partitioned Customers and Other Adjustments			3		1		-	%		(2,720)		24		-	%

Total Churn			1.32	%	1.45	%	-13	BP		1.35	%	1.41	%	-6	BP
Postpaid Churn			1.07	%	1.05	%	2	BP		1.07	%	1.04	%	3	BP
¹Effective July 1, 2017 we prospectively reclassified prepaid internet of things (IoT) connections from connected devices to prepaid.

SUPPLEMENTAL SEGMENT RECONCILIATION


Three Months Ended
Dollars in millions
Unaudited

September 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	$	17,061	$	10,233	$	6,828	$	2,325	$	4,503	$	-	$	4,503
Entertainment Group		12,648		9,953		2,695		1,379		1,316		(6)		1,310
Consumer Mobility		7,748		4,551		3,197		877		2,320		-		2,320
International		2,099		1,937		162		304		(142)		17		(125)
Segment Total		39,556		26,674		12,882		4,885		7,997	$	11	$	8,008
Corporate and Other		201		89		112		21		91
Acquisition-related items		-		134		(134)		1,136		(1,270)
Certain Significant items		(89)		326		(415)		-		(415)
AT&T Inc.	$	39,668	$	27,223	$	12,445	$	6,042	$	6,403


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


Nine Months Ended
Dollars in millions
Unaudited

September 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	$	51,016	$	30,722	$	20,294	$	6,972	$	13,322	$	-	$	13,322
Entertainment Group		37,953		29,112		8,841		4,256		4,585		(23)		4,562
Consumer Mobility		23,279		13,599		9,680		2,621		7,059		-		7,059
International		6,054		5,468		586		905		(319)		62		(257)
Segment Total		118,302		78,901		39,401		14,754		24,647	$	39	$	24,686
Corporate and Other		657		397		260		54		206
Acquisition-related items		-		622		(622)		3,508		(4,130)
Certain Significant items		(89)		44		(133)		-		(133)
AT&T Inc.	$	118,870	$	79,964	$	38,906	$	18,316	$	20,590


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

AT&T INC. - FORM 8-K - EX-99.1 - AT&T INC. 3RD QUARTER 2017 SELECTED FINANCIAL STATEMENTS AND OPERATING DATA - October 24, 2017

Attached files

AT&T INC. Reports