Stock Analysis on Net
Stock Analysis on Net

AT&T Inc. (NYSE:T)

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Common-Size Balance Sheet: Assets
Quarterly Data

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

Microsoft Excel
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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
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-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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets shows considerable fluctuation over the periods. It peaked notably at 6.68% during the first quarter of 2022 but then declined sharply in subsequent quarters, hovering below 1% through much of 2023 and early 2024, before increasing again toward the end of the data, reaching 4.79% by the third quarter of 2025. This volatility indicates changes in liquidity management or operational cash flows.
Accounts Receivable, Net
This item as a percentage of total assets has exhibited a general downward trend through the timeline, moving from around 3.65% in early 2020 to approximately 2.11% by late 2025. This reduction suggests improvements in collection processes or changes in revenue mix impacting receivables.
Inventories
Inventories as a share of total assets began to be reported starting in late 2020, remaining relatively stable with minor fluctuations between 0.46% and 0.78%. This reflects a modest and steady investment in inventory levels relative to the asset base.
Prepaid and Other Current Assets
The percentage share of prepaid and other current assets showed some variability but generally maintained a range between about 3.0% and 5.3%. The rise observed in the middle to later periods may indicate increased prepayments or changes in asset classification.
Current Assets
Current assets as a proportion of total assets have seen variability, with a peak at 13.32% in early 2022, followed by a decline to a low around 7.46%-8.98% in 2023, and subsequent gradual increase up to nearly 13% by mid-2025. This pattern may reflect fluctuations in working capital components including cash, receivables, and inventories.
Property, Plant, and Equipment
This category showed a downward trend in its relative size during 2020-2022, from about 60% to a low point of approximately 56% in early 2022, then marked by a significant increase reaching above 80% from mid-2022 onward. The large increase likely reflects changes in asset valuation, reclassifications, or capital expenditures.
Accumulated Depreciation and Amortization
Accumulated depreciation and amortization, shown as a negative figure relative to total assets, decreased from roughly -36.7% in early 2020 to a deeper level near -56% by mid-2025. This consistent increase in accumulated depreciation suggests ongoing aging of the asset base and capital asset utilization over time.
Property, Plant, and Equipment, Net
Net property, plant, and equipment as a percentage of total assets remained relatively stable around 23-24% through early 2022, then rose significantly to approximately 30-32% through 2023 and 2024 before a slight decline nearing 30.7% by late 2025. This indicates net asset growth alongside accumulated depreciation effects.
Goodwill, Net
Goodwill as a percent of total assets gradually declined from around 26.7% in early 2020 to roughly 15% by late 2025, suggesting amortization, impairment, or asset write-downs impacting intangible assets related to acquisitions.
Licenses, Net
Licenses exhibited variability with a notable increase from about 16% in early 2021 to approximately 32% by 2024, before declining slightly to around 30% by late 2025. This may indicate capitalized acquisition costs or license valuations that increased significantly during this period.
Distribution Networks, Net
Distribution networks as a percentage of total assets declined over time, from roughly 2.7% early in the dataset to under 2% by 2022, after which values were no longer reported or were minimal, potentially indicating disposals or reclassifications.
Other Intangible Assets, Net
These assets decreased substantially over time, from around 7.9% in early 2020 to near 1.2% by late 2025, pointing to substantial amortization or disposals of intangible assets excluding goodwill and licenses.
Intangible Assets, Net
The total intangible assets net of accumulated amortization hovered near 28% in early periods, dipped slightly in 2021, then increased to over 32% during the 2022-2024 period before a decline toward 31% by late 2025. This complex pattern reflects shifting compositions among intangible asset categories.
Investments in and Advances to Equity Affiliates
These investments remained minimal, generally below 1%, declining toward near zero by 2024 before a slight uptick late in the data series. This suggests limited exposure to equity affiliates within total asset composition.
Operating Lease Right-of-Use Assets
The right-of-use assets remained fairly stable, typically around 4.4-5.4% of total assets, with minor increases noted in later years. This stability indicates a consistent lease portfolio in terms of size relative to total assets.
Deposits on Wireless Licenses
Deposits on wireless licenses appeared briefly with material values around 4.3% in 2021 and 1.6% in early 2022, with absence of data in other periods. This indicates the acquisition phase or payment timing related to wireless licenses was concentrated in this timeframe.
Other Assets
Other assets remained relatively stable between 3.8% and 5.3% of total assets, with moderate fluctuations over time. This stability suggests a consistent share of miscellaneous asset categories.
Noncurrent Assets
Noncurrent assets composed the vast majority of total assets, consistently above 85%, with some increases over time reaching above 92% between 2023 and 2025. This underscores the company's capital-intensive nature with a heavy asset base in longer-term holdings.