Attached files
file | filename |
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EX-99.4 - SUPPLEMENTAL AT&T ADVERTISING REVENUES - AT&T INC. | ex99_4.htm |
EX-99.3 - SUPPLEMENTAL AT&T BUSINESS SOLUTIONS RESULTS - AT&T INC. | ex99_3.htm |
EX-99.2 - RECAST QUARTERLY SEGMENT RESULTS - AT&T INC. | ex99_2.htm |
8-K - AT&T INC. | segments_8k.htm |
Financial Data
|
EX 99.1
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|||||||||||||||||||||||||||
AT&T Inc.
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||||||||||||||||||||||||||||
Reconciliation of Segment Contribution to consolidated Operating Income and consolidated Income Before Income Taxes
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||||||||||||||||||||||||||||
Dollars in millions
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||||||||||||||||||||||||||||
Unaudited
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||||||||||||||||||||||||||||
For the three months ended June 30, 2018
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||||||||||||||||||||||||||||
Revenues
|
Operations and Support Expenses
|
EBITDA
|
Depreciation and Amortization
|
Operating Income (Loss)
|
Equity in Net Income (Loss) of Affiliates
|
Segment Contribution
|
||||||||||||||||||||||
Communications
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||||||||||||||||||||||||||||
Mobility
|
$
|
17,282
|
$
|
9,663
|
$
|
7,619
|
$
|
2,113
|
$
|
5,506
|
$
|
-
|
$
|
5,506
|
||||||||||||||
Entertainment Group
|
11,478
|
8,657
|
2,821
|
1,345
|
1,476
|
(1
|
)
|
1,475
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||||||||||||||||||||
Business Wireline
|
6,650
|
4,038
|
2,612
|
1,180
|
1,432
|
1
|
1,433
|
|||||||||||||||||||||
Total Communications
|
35,410
|
22,358
|
13,052
|
4,638
|
8,414
|
-
|
8,414
|
|||||||||||||||||||||
WarnerMedia
|
||||||||||||||||||||||||||||
Turner
|
667
|
372
|
295
|
11
|
284
|
5
|
289
|
|||||||||||||||||||||
Warner Bros.
|
507
|
403
|
104
|
14
|
90
|
(1
|
)
|
89
|
||||||||||||||||||||
Home Box Office
|
281
|
171
|
110
|
5
|
105
|
(1
|
)
|
104
|
||||||||||||||||||||
Eliminations and other1
|
(62
|
)
|
(35
|
)
|
(27
|
)
|
1
|
(28
|
)
|
(29
|
)
|
(57
|
)
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|||||||||||||||
Total WarnerMedia
|
1,393
|
911
|
482
|
31
|
451
|
(26
|
)
|
425
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||||||||||||||||||||
Latin America
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||||||||||||||||||||||||||||
Vrio
|
1,254
|
1,016
|
238
|
186
|
52
|
15
|
67
|
|||||||||||||||||||||
Mexico
|
697
|
787
|
(90
|
)
|
127
|
(217
|
)
|
-
|
(217
|
)
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||||||||||||||||||
Total Latin America
|
1,951
|
1,803
|
148
|
313
|
(165
|
)
|
15
|
(150
|
)
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|||||||||||||||||||
Advertising & Analytics
|
392
|
59
|
333
|
-
|
333
|
-
|
333
|
|||||||||||||||||||||
Segment Total
|
39,146
|
25,131
|
14,015
|
4,982
|
9,033
|
$
|
(11
|
)
|
$
|
9,022
|
||||||||||||||||||
Corporate and Other
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||||||||||||||||||||||||||||
Corporate
|
320
|
661
|
(341
|
)
|
118
|
(459
|
)
|
|||||||||||||||||||||
Acquisition-related items
|
-
|
321
|
(321
|
)
|
1,278
|
(1,599
|
)
|
|||||||||||||||||||||
Certain significant items
|
-
|
152
|
(152
|
)
|
-
|
(152
|
)
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|||||||||||||||||||||
Eliminations and consolidation2
|
(480
|
)
|
(123
|
)
|
(357
|
)
|
-
|
(357
|
)
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|||||||||||||||||||
AT&T Inc.
|
$
|
38,986
|
$
|
26,142
|
$
|
12,844
|
$
|
6,378
|
$
|
6,466
|
||||||||||||||||||
For the six months ended June 30, 2018
|
||||||||||||||||||||||||||||
Revenues
|
Operations and Support Expenses
|
EBITDA
|
Depreciation and Amortization
|
Operating Income (Loss)
|
Equity in Net Income (Loss) of Affiliates
|
Segment Contribution
|
||||||||||||||||||||||
Communications
|
||||||||||||||||||||||||||||
Mobility
|
$
|
34,637
|
$
|
19,765
|
$
|
14,872
|
$
|
4,208
|
$
|
10,664
|
$
|
-
|
$
|
10,664
|
||||||||||||||
Entertainment Group
|
22,909
|
17,468
|
5,441
|
2,655
|
2,786
|
(2
|
)
|
2,784
|
||||||||||||||||||||
Business Wireline
|
13,397
|
8,054
|
5,343
|
2,350
|
2,993
|
-
|
2,993
|
|||||||||||||||||||||
Total Communications
|
70,943
|
45,287
|
25,656
|
9,213
|
16,443
|
(2
|
)
|
16,441
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||||||||||||||||||||
WarnerMedia
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||||||||||||||||||||||||||||
Turner
|
779
|
446
|
333
|
12
|
321
|
32
|
353
|
|||||||||||||||||||||
Warner Bros.
|
507
|
403
|
104
|
14
|
90
|
(1
|
)
|
89
|
||||||||||||||||||||
Home Box Office
|
281
|
171
|
110
|
5
|
105
|
(1
|
)
|
104
|
||||||||||||||||||||
Eliminations and other1
|
(62
|
)
|
(27
|
)
|
(35
|
)
|
1
|
(36
|
)
|
(46
|
)
|
(82
|
)
|
|||||||||||||||
Total WarnerMedia
|
1,505
|
993
|
512
|
32
|
480
|
(16
|
)
|
464
|
||||||||||||||||||||
Latin America
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||||||||||||||||||||||||||||
Vrio
|
2,608
|
2,017
|
591
|
391
|
200
|
15
|
215
|
|||||||||||||||||||||
Mexico
|
1,368
|
1,590
|
(222
|
)
|
254
|
(476
|
)
|
-
|
(476
|
)
|
||||||||||||||||||
Total Latin America
|
3,976
|
3,607
|
369
|
645
|
(276
|
)
|
15
|
(261
|
)
|
|||||||||||||||||||
Advertising & Analytics
|
729
|
109
|
620
|
1
|
619
|
-
|
619
|
|||||||||||||||||||||
Segment Total
|
77,153
|
49,996
|
27,157
|
9,891
|
17,266
|
$
|
(3
|
)
|
$
|
17,263
|
||||||||||||||||||
Corporate and Other
|
||||||||||||||||||||||||||||
Corporate
|
653
|
1,396
|
(743
|
)
|
141
|
(884
|
)
|
|||||||||||||||||||||
Acquisition-related items
|
-
|
388
|
(388
|
)
|
2,340
|
(2,728
|
)
|
|||||||||||||||||||||
Certain significant items
|
-
|
332
|
(332
|
)
|
-
|
(332
|
)
|
|||||||||||||||||||||
Eliminations and consolidation2
|
(782
|
)
|
(127
|
)
|
(655
|
)
|
-
|
(655
|
)
|
|||||||||||||||||||
AT&T Inc.
|
$
|
77,024
|
$
|
51,985
|
$
|
25,039
|
$
|
12,372
|
$
|
12,667
|
||||||||||||||||||
For the year ended December 31, 2017
|
||||||||||||||||||||||||||||
Revenues
|
Operations and Support Expenses
|
EBITDA
|
Depreciation and Amortization
|
Operating Income (Loss)
|
Equity in Net Income (Loss) of Affiliates
|
Segment Contribution
|
||||||||||||||||||||||
Communications
|
||||||||||||||||||||||||||||
Mobility
|
$
|
71,090
|
$
|
42,871
|
$
|
28,219
|
$
|
8,015
|
$
|
20,204
|
$
|
-
|
$
|
20,204
|
||||||||||||||
Entertainment Group
|
49,995
|
38,903
|
11,092
|
5,621
|
5,471
|
-
|
5,471
|
|||||||||||||||||||||
Business Wireline
|
29,293
|
18,492
|
10,801
|
4,789
|
6,012
|
(2
|
)
|
6,010
|
||||||||||||||||||||
Total Communications
|
150,378
|
100,266
|
50,112
|
18,425
|
31,687
|
(2
|
)
|
31,685
|
||||||||||||||||||||
WarnerMedia
|
||||||||||||||||||||||||||||
Turner
|
430
|
331
|
99
|
4
|
95
|
45
|
140
|
|||||||||||||||||||||
Warner Bros.
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||
Home Box Office
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||
Eliminations and other1
|
-
|
4
|
(4
|
)
|
-
|
(4
|
)
|
(74
|
)
|
(78
|
)
|
|||||||||||||||||
Total WarnerMedia
|
430
|
335
|
95
|
4
|
91
|
(29
|
)
|
62
|
||||||||||||||||||||
Latin America
|
||||||||||||||||||||||||||||
Vrio
|
5,456
|
4,172
|
1,284
|
849
|
435
|
87
|
522
|
|||||||||||||||||||||
Mexico
|
2,813
|
3,232
|
(419
|
)
|
369
|
(788
|
)
|
-
|
(788
|
)
|
||||||||||||||||||
Total Latin America
|
8,269
|
7,404
|
865
|
1,218
|
(353
|
)
|
87
|
(266
|
)
|
|||||||||||||||||||
Advertising & Analytics
|
1,373
|
169
|
1,204
|
2
|
1,202
|
-
|
1,202
|
|||||||||||||||||||||
Segment Total
|
160,450
|
108,174
|
52,276
|
19,649
|
32,627
|
$
|
56
|
$
|
32,683
|
|||||||||||||||||||
Corporate and Other
|
||||||||||||||||||||||||||||
Corporate
|
1,522
|
3,306
|
(1,784
|
)
|
97
|
(1,881
|
)
|
|||||||||||||||||||||
Acquisition-related items
|
-
|
798
|
(798
|
)
|
4,608
|
(5,406
|
)
|
|||||||||||||||||||||
Certain significant items
|
(243
|
)
|
3,880
|
(4,123
|
)
|
33
|
(4,156
|
)
|
||||||||||||||||||||
Eliminations and consolidation2
|
(1,183
|
)
|
31
|
(1,214
|
)
|
-
|
(1,214
|
)
|
||||||||||||||||||||
AT&T Inc.
|
$
|
160,546
|
$
|
116,189
|
$
|
44,357
|
$
|
24,387
|
$
|
19,970
|
Reconciliation to consolidated Income Before Income Taxes
|
||||||||||||
Three Months Ended
|
Six Months Ended
|
Year Ended
|
||||||||||
June 30, 2018
|
June 30, 2018
|
December 31, 2017
|
||||||||||
Communications
|
$
|
8,414
|
$
|
16,441
|
$
|
31,685
|
||||||
WarnerMedia
|
425
|
464
|
62
|
|||||||||
Latin America
|
(150
|
)
|
(261
|
)
|
(266
|
)
|
||||||
Advertising & Analytics
|
333
|
619
|
1,202
|
|||||||||
Segment Contribution
|
9,022
|
17,263
|
32,683
|
|||||||||
Reconciling Items:
|
||||||||||||
Corporate
|
(459
|
)
|
(884
|
)
|
(1,881
|
)
|
||||||
Merger and integration charges
|
(321
|
)
|
(388
|
)
|
(798
|
)
|
||||||
Amortization of intangibles acquired
|
(1,278
|
)
|
(2,340
|
)
|
(4,608
|
)
|
||||||
Employee separation costs
|
(133
|
)
|
(184
|
)
|
(445
|
)
|
||||||
Tax reform special bonus
|
-
|
-
|
(220
|
)
|
||||||||
Gain on wireless spectrum transactions
|
-
|
-
|
181
|
|||||||||
Foreign currency devaluation
|
(19
|
)
|
(44
|
)
|
-
|
|||||||
Natural disaster costs and revenue credits
|
-
|
(104
|
)
|
(626
|
)
|
|||||||
Asset abandonments and impairments
|
-
|
-
|
(3,046
|
)
|
||||||||
Segment equity in net income of affiliates
|
11
|
3
|
(56
|
)
|
||||||||
Eliminations and consolidation2
|
(357
|
)
|
(655
|
)
|
(1,214
|
)
|
||||||
AT&T Operating Income
|
6,466
|
12,667
|
19,970
|
|||||||||
Interest expense
|
2,023
|
3,794
|
6,300
|
|||||||||
Equity in net income (loss) of affiliates
|
(16
|
)
|
(7
|
)
|
(128
|
)
|
||||||
Other income (expense) - net
|
2,353
|
4,055
|
1,597
|
|||||||||
Income Before Income Taxes
|
$
|
6,780
|
$
|
12,921
|
$
|
15,139
|
1 Eliminations within the WarnerMedia segment and other operations.
|
||||||||||||||||||
2 Eliminations and consolidation removes transactions that either involve dealings between AT&T companies, including content licensing with
WarnerMedia, or relate to advertising arrangements recorded in both the Communications and Advertising & Analytics segments. This
reconciling item also includes conforming adjustment to the historical presentation of our advertising business.
|