Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

AT&T Inc. (NYSE:T)

Common-Size Income Statement

Beginner level

AT&T Inc., common-size consolidated income statement

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Service 88.94 90.23 89.22 90.69 90.90
Equipment 11.06 9.77 10.78 9.31 9.10
Operating revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Equipment -11.47 -10.29 -11.59 -11.65 -11.45
Broadcast, programming and operations -15.90 -17.18 -15.65 -13.18 -12.12
Other cost of revenues, exclusive of depreciation and amortization -19.16 -18.96 -19.27 -23.36 -23.37
Cost of revenues -46.53% -46.44% -46.51% -48.20% -46.94%
Gross profit 53.47% 53.56% 53.49% 51.80% 53.06%
Selling, general and administrative -22.15 -21.76 -21.53 -21.75 -22.19
Asset impairments and abandonments -10.99 -0.80 -0.03 -1.82 -0.22
Depreciation and amortization -16.60 -15.57 -16.65 -15.19 -15.78
Operating income 3.73% 15.43% 15.28% 13.05% 14.87%
Interest expense -4.61 -4.65 -4.66 -3.92 -3.00
Equity in net income (loss) of affiliates 0.06 0.00 -0.03 -0.08 0.06
Other income (expense), net -0.83 -0.59 3.97 0.38 0.17
Other income (expense) -5.39% -5.24% -0.72% -3.62% -2.77%
Income (loss) before income taxes -1.66% 10.19% 14.57% 9.43% 12.10%
Income tax (expense) benefit -0.56 -1.93 -2.88 9.16 -3.96
Net income (loss) -2.22% 8.26% 11.69% 18.59% 8.14%
Net income attributable to noncontrolling interest -0.79 -0.59 -0.34 -0.25 -0.22
Net income (loss) attributable to AT&T -3.01% 7.67% 11.34% 18.34% 7.92%
Preferred stock dividends -0.11 0.00 0.00 0.00 0.00
Net income (loss) attributable to common stock -3.13% 7.67% 11.34% 18.34% 7.92%

Based on: 10-K (filing date: 2021-02-25), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-20), 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-17).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. AT&T Inc.’s operating income as a percentage of operating revenues increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. AT&T Inc.’s income (loss) before income taxes as a percentage of operating revenues decreased from 2018 to 2019 and from 2019 to 2020.
Net income (loss) attributable to AT&T The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. AT&T Inc.’s net income (loss) attributable to AT&T as a percentage of operating revenues decreased from 2018 to 2019 and from 2019 to 2020.