Stock Analysis on Net

AT&T Inc. (NYSE:T)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

Paying user area


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

AT&T Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents
Accounts receivable, net of related allowances for credit loss
Inventories
Prepaid and other current assets
Assets from discontinued operations
Current assets
Noncurrent inventories and theatrical film and television production costs
Property, plant and equipment
Accumulated depreciation and amortization
Property, plant and equipment, net
Goodwill, net
Licenses, net
Distribution networks, net
Other intangible assets, net
Intangible assets, net
Investments in and advances to equity affiliates
Operating lease right-of-use assets
Deposits on wireless licenses
Other assets
Noncurrent assets
Total assets

Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


The composition of assets for the analyzed entity exhibits several notable shifts over the observed period, spanning from March 31, 2021, to December 31, 2025. A significant trend involves the fluctuation of current assets as a percentage of total assets, alongside substantial changes in the allocation of noncurrent assets. These shifts suggest evolving liquidity management and strategic investment priorities.

Cash and Cash Equivalents
Cash and cash equivalents demonstrated considerable volatility. Initially representing approximately 2% of total assets, the proportion increased markedly to 6.68% by March 31, 2022, before declining to a low of 0.57% by September 30, 2022. A subsequent increase is observed, peaking at 4.79% by September 30, 2025, indicating potential strategic accumulation and deployment of liquid funds.
Current Assets
Current assets, as a percentage of total assets, initially hovered around 11.5%, then decreased significantly to 8.09% by June 30, 2022. A recovery is then observed, with current assets reaching 12.90% by September 30, 2025. This suggests a dynamic management of short-term assets and liabilities, potentially influenced by operational cycles and financing activities. Prepaid and other current assets contributed significantly to this fluctuation, showing a general upward trend over the period.
Property, Plant, and Equipment (PP&E)
PP&E consistently represented a substantial portion of total assets, beginning at approximately 59% in early 2021. While relatively stable initially, the percentage increased to a peak of 88.89% by December 31, 2022, before gradually decreasing to 82.72% by December 31, 2025. The corresponding accumulated depreciation and amortization remained consistently negative, offsetting a significant portion of the gross PP&E value. The net PP&E followed a similar trend, increasing and then stabilizing.
Goodwill and Intangible Assets
Goodwill experienced a notable decline as a percentage of total assets, decreasing from approximately 24.7% in 2021 to 15.09% by December 31, 2023, and further to 14.99% by September 30, 2025. Intangible assets, encompassing licenses and other components, collectively represented a significant portion of the asset base, fluctuating between approximately 25% and 33% throughout the period. The decrease in goodwill may indicate impairment charges or strategic divestitures.
Other Notable Trends
Investments in and advances to equity affiliates showed a decreasing trend, while operating lease right-of-use assets increased from 4.46% to 5.39% over the period. Deposits on wireless licenses were present in early periods but disappeared from the asset composition after March 31, 2022. Other assets exhibited a moderate increase over the analyzed timeframe.

In summary, the asset composition demonstrates a shift away from goodwill and towards PP&E, coupled with dynamic management of current assets and cash positions. These changes suggest a strategic realignment of the entity’s asset base, potentially reflecting evolving business priorities and investment strategies.