Stock Analysis on Net

AT&T Inc. (NYSE:T)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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AT&T Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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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
Debt maturing within one year
Note payable to DIRECTV
Accounts payable and accrued liabilities
Advanced billings and customer deposits
Dividends payable
Liabilities from discontinued operations
Current liabilities
Long-term debt, excluding maturing within one year
Noncurrent deferred tax liabilities
Postemployment benefit obligation
Noncurrent operating lease liabilities
Other noncurrent liabilities
Noncurrent portion of note payable to DIRECTV
Deferred credits and other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Redeemable noncontrolling interest
Preferred stock, $1 par value
Common stock, $1 par value
Additional paid-in capital
Retained earnings (deficit)
Treasury stock, at cost
Accumulated other comprehensive income (loss)
Stockholders’ equity attributable to AT&T
Noncontrolling interest
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 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).


Debt maturing within one year
The proportion has fluctuated over the reported periods, initially declining from 3.13% in March 2020 to a low of 0.66% by December 2020. It surged again to peaks above 4% during 2021, then entered a downward trend, reaching 0.67% by September 2024 before increasing slightly to 2.24% by March 2025. The variability indicates periodic shifts in short-term debt obligations as a fraction of total liabilities and equity.
Note payable to DIRECTV
This component was introduced in late 2021 with minor values around 0.05% or less, declining to nearly zero and becoming negligible thereafter, reflecting either repayment or reclassification over time.
Accounts payable and accrued liabilities
The percentage remained relatively stable, mostly oscillating between 7.8% and 10.6%. A notable peak occurred in December 2022 at 10.59%, followed by a gradual stabilization near 8%-9% in the most recent quarters. This stability suggests consistent management of supplier and accrued obligations.
Advanced billings and customer deposits
This line item exhibited minor variation, maintaining levels close to 1% of total liabilities and equity throughout the observed period. Slight increases were noted toward late 2024, potentially indicating higher customer prepayments or deposits.
Dividends payable
Dividends payable consistently represented a small fraction (around 0.5%) of total liabilities and equity after a marked decrease from approximately 0.7% in early 2021. The decline suggests adjustments in dividend payment timelines or policies.
Current liabilities
Current liabilities as a percent of total liabilities and equity displayed a range from about 11% to 15%, with peaks in 2021 reaching above 15%, followed by a general downward trend approaching 11%-12% in later periods. This reflects variations in short-term obligations relative to overall capital structure.
Long-term debt, excluding maturing within one year
Long-term debt consistently represented a significant portion of the capital structure, generally between 27% and 32%. After an increase peaking at 32.1% in September 2024, a slight decline was observed toward early 2025. The relatively stable high percentage indicates sustained reliance on long-term borrowings.
Noncurrent deferred tax liabilities
This liability category increased steadily from around 10.7% in early 2020 to nearly 15% by late 2024, indicating growing deferred tax obligations over time.
Postemployment benefit obligation
The obligation decreased from over 3% in early 2020 to below 2% by early 2022, followed by modest increments stabilizing around 2.2% toward early 2025, reflecting changes in pension and other benefit liabilities.
Noncurrent operating lease liabilities
These liabilities remained consistent, fluctuating narrowly between approximately 3.6% and 4.6%, demonstrating stable lease-related long-term obligations.
Other noncurrent liabilities
This category generally remained within the 5% to 7% range, showing some volatility but no discernible long-term trend, suggesting relatively steady noncurrent obligations outside major debt categories.
Deferred credits and other noncurrent liabilities
These manifested as a significant and increasing portion of liabilities and equity, swelling from about 24.4% in March 2020 to nearly 28% by early 2025, representing noteworthy deferred obligations or credits recognized on the balance sheet.
Noncurrent liabilities
The aggregate of noncurrent liabilities stayed dominant, ranging mostly between 51% and 60%, with a peak at nearly 60% in late 2022. This reinforces the substantial weight of long-term obligations in the company’s capital structure.
Total liabilities
Total liabilities consistently accounted for roughly 64% to 74% of total liabilities and stockholders’ equity, peaking in late 2022. Post-2022, the liability percentage trended downward somewhat, stabilizing around 69%-70% in the most recent quarters, indicating relative consistency in leverage levels.
Stockholders’ equity components
Common stock
Remained stable in a narrow band near 1.3% to 1.9%, reflecting minimal changes in par value share capital.
Additional paid-in capital
Increased from around 23.8% in early 2020 to above 30% during late 2022, followed by a gradual decline toward 26.7% by early 2025, suggesting history of equity injections or share issuance followed by stabilization.
Retained earnings (deficit)
Notable fluctuations were observed, with a sharp decline into negative territory around late 2022, followed by a recovery reaching positive values slightly above 1% by early 2025. This reflects periods of accumulated losses transitioning toward profitability or earnings retention.
Treasury stock
Treasury stock represented a negative value consistently (a contra equity account), becoming more negative around 2022 and slightly recovering thereafter, reflecting repurchases or retirements of shares.
Accumulated other comprehensive income (loss)
Generally around zero, with minor positive and negative fluctuations, indicating minimal impact from unrealized gains or losses on comprehensive income.
Stockholders’ equity attributable to AT&T
This component declined from about 32.6% in early 2020 to a low near 24.2% by late 2022, then partially recovered to approximately 26.1% by early 2025. The pattern suggests a period of equity reduction with subsequent stabilization.
Noncontrolling interest
The proportion varied modestly, ranging mainly between 2.2% and 4.1%, without a clear directional trend, signifying stable minority interests.
Total stockholders’ equity
Overall equity showed a decline from roughly 36% in early 2020 to a trough near 26% by late 2022, followed by a rebound to just over 30% by early 2025, evidencing fluctuations in capital retention and market valuation effects.
Total liabilities and stockholders’ equity
This total was consistently normalized to 100% across all periods, serving as the basis for the relative percentage analysis.