Stock Analysis on Net
Stock Analysis on Net

AT&T Inc. (NYSE:T)

Common-Size Income Statement
Quarterly Data

AT&T Inc., common-size consolidated income statement (quarterly data)

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3 months ended: 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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Service 78.29 82.74 83.06 81.68 79.23 82.32 81.87 80.77 83.23 87.28 88.45 87.63 85.47 89.23 90.48 90.89 88.58 90.42 91.25 90.76
Equipment 21.71 17.26 16.94 18.32 20.77 17.68 18.13 19.23 16.77 12.72 11.55 12.37 14.53 10.77 9.52 9.11 11.42 9.58 8.75 9.24
Operating revenues 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Equipment -22.49 -17.20 -16.90 -18.77 -22.33 -18.11 -18.67 -20.32 -18.20 -13.59 -12.13 -12.64 -15.50 -10.75 -9.71 -9.57 -11.97 -10.06 -9.03 -10.04
Broadcast, programming and operations 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -11.98 -11.90 -17.26 -17.16 -16.96 -16.32 -14.38 -15.79 -18.55 -15.85 -17.19 -17.07
Other cost of revenues, exclusive of depreciation and amortization -20.95 -22.52 -22.63 -22.14 -20.97 -22.50 -22.96 -22.55 -18.15 -19.16 -18.52 -18.19 -17.68 -19.78 -19.82 -19.50 -18.04 -19.30 -19.40 -19.15
Cost of revenues -43.44% -39.72% -39.53% -40.91% -43.30% -40.61% -41.63% -42.86% -48.33% -44.65% -47.90% -47.99% -50.14% -46.86% -43.91% -44.85% -48.56% -45.20% -45.63% -46.26%
Gross profit 56.56% 60.28% 60.47% 59.09% 56.70% 59.39% 58.37% 57.14% 51.67% 55.35% 52.10% 52.01% 49.86% 53.14% 56.09% 55.15% 51.44% 54.80% 54.37% 53.74%
Selling, general and administrative -23.37 -23.74 -23.43 -23.81 -23.98 -23.97 -24.51 -23.49 -24.40 -23.06 -21.25 -21.35 -22.28 -21.88 -24.01 -20.48 -22.09 -21.49 -21.90 -21.52
Asset impairments and abandonments and restructuring -1.84 -1.99 0.00 0.00 -85.36 -0.38 -2.13 0.00 -0.46 -0.40 -10.34 0.00 -35.82 -0.17 -5.66 -0.29 -3.11 0.00 0.00 0.00
Depreciation and amortization -14.88 -15.50 -15.63 -15.37 -14.66 -15.03 -15.01 -15.02 -13.85 -14.07 -13.08 -13.22 -15.27 -16.60 -17.79 -16.88 -14.87 -15.58 -15.80 -16.08
Operating income (loss) 16.46% 19.05% 21.41% 19.91% -67.29% 20.01% 16.72% 18.64% 12.96% 17.81% 7.42% 17.44% -23.52% 14.48% 8.63% 17.50% 11.36% 17.72% 16.68% 16.14%
Interest expense -5.39 -5.48 -5.37 -5.67 -4.98 -4.73 -5.07 -5.47 -4.06 -4.18 -3.82 -4.26 -4.15 -4.66 -4.98 -4.72 -4.38 -4.67 -4.78 -4.78
Equity in net income (loss) of affiliates 1.05 1.38 1.27 1.79 1.19 1.30 1.70 1.75 1.09 0.23 0.09 0.12 0.23 0.01 -0.02 -0.01 -0.06 0.01 0.09 -0.02
Other income (expense), net -2.95 1.45 3.30 3.10 -2.93 7.56 7.77 7.26 5.75 5.71 2.27 9.61 -6.61 -0.55 2.48 1.88 -0.22 -2.10 -0.71 0.64
Other income (expense) -7.29% -2.64% -0.81% -0.78% -6.72% 4.13% 4.40% 3.54% 2.78% 1.76% -1.46% 5.47% -10.52% -5.19% -2.53% -2.85% -4.66% -6.76% -5.40% -4.15%
Income (loss) from continuing operations before income taxes 9.17% 16.41% 20.61% 19.13% -74.01% 24.15% 21.12% 22.18% 15.74% 19.57% 5.96% 22.90% -34.04% 9.29% 6.10% 14.65% 6.70% 10.96% 11.28% 11.98%
Income tax expense on continuing operations -1.11 -3.80 -4.69 -4.36 0.25 -3.02 -5.09 -4.85 -2.58 -3.86 -1.71 -4.83 4.46 -1.81 -2.28 -3.04 -0.93 -2.10 -2.44 -2.28
Income (loss) from continuing operations 8.06% 12.61% 15.92% 14.77% -73.76% 21.12% 16.03% 17.33% 13.16% 15.71% 4.25% 18.08% -29.58% 7.48% 3.82% 11.60% 5.78% 8.86% 8.84% 9.70%
Income (loss) from discontinued operations, net of tax 0.00 0.00 0.00 0.00 -0.11 0.18 -0.72 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net income (loss) 8.06% 12.61% 15.92% 14.77% -73.88% 21.30% 15.31% 17.38% 13.16% 15.71% 4.25% 18.08% -29.58% 7.48% 3.82% 11.60% 5.78% 8.86% 8.84% 9.70%
Net income attributable to noncontrolling interest -1.23 -1.09 -0.91 -0.75 -1.15 -1.24 -1.28 -1.19 -0.85 -0.89 -0.69 -0.89 -0.81 -0.83 -0.69 -0.83 -0.66 -0.56 -0.58 -0.56
Net income (loss) attributable to AT&T 6.83% 11.52% 15.00% 14.03% -75.03% 20.06% 14.02% 16.19% 12.31% 14.82% 3.56% 17.18% -30.38% 6.65% 3.13% 10.78% 5.11% 8.30% 8.26% 9.14%
Preferred stock dividends -0.17 -0.17 -0.17 -0.17 -0.17 -0.16 -0.18 -0.16 -0.12 -0.13 -0.13 -0.11 -0.12 -0.13 -0.13 -0.07 -0.01 0.00 0.00 0.00
Net income (loss) attributable to common stock 6.67% 11.35% 14.83% 13.86% -75.20% 19.89% 13.85% 16.03% 12.19% 14.70% 3.44% 17.07% -30.50% 6.52% 3.00% 10.70% 5.11% 8.30% 8.26% 9.14%

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. AT&T Inc. operating income (loss) as a percentage of operating revenues decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Income (loss) from continuing operations 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. income (loss) from continuing operations before income taxes as a percentage of operating revenues decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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. net income (loss) attributable to AT&T as a percentage of operating revenues decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.