Stock Analysis on Net
Stock Analysis on Net

AT&T Inc. (NYSE:T)

$24.99

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

Paying user area

Try for free

AT&T Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

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: liabilities and stockholders’ equity (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
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-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 liabilities and stockholders’ equity exhibited several notable shifts over the observed period, from March 2021 through December 2025. Overall, a general trend towards decreasing proportions of stockholders’ equity relative to total liabilities and stockholders’ equity is apparent, particularly from 2022 onwards. This is coupled with fluctuations in the specific components of both liabilities and equity.

Current Liabilities
Current liabilities, as a percentage of the total, initially increased from 14.01% in March 2021 to a peak of 15.52% in December 2021. Subsequently, these decreased to 10.66% by June 2024 before experiencing a slight increase to 12.80% by December 2025. Within current liabilities, accounts payable and accrued liabilities remained relatively stable, fluctuating between approximately 8.00% and 10.59% of the total, with a slight upward trend in the later periods. Debt maturing within one year showed more volatility, decreasing from 3.57% to a low of 0.67% in September 2024, then increasing again to 2.14% by December 2025.
Noncurrent Liabilities
Noncurrent liabilities demonstrated a more pronounced upward trend, increasing from 52.52% in March 2021 to 59.63% in December 2022. While decreasing slightly to 56.62% by December 2025, they remained significantly higher than their initial levels. Long-term debt, excluding maturing within one year, consistently represented the largest portion of noncurrent liabilities, fluctuating around 30%. Noncurrent deferred tax liabilities also contributed substantially, increasing from 11.31% to 14.16% between March 2021 and December 2022, and remaining elevated throughout the period. Other noncurrent liabilities also showed an increasing trend, reaching 6.05% by December 2025.
Stockholders’ Equity
Stockholders’ equity exhibited a declining trend as a percentage of the total. Starting at 33.47% in March 2021, it decreased to 26.30% by December 2025. This decline was primarily driven by changes within the equity components. Retained earnings experienced a significant decrease, moving from a positive 7.52% to a negative -1.23% by December 2023, before a slight recovery to -4.41% by December 2025. Common stock and additional paid-in capital remained relatively stable as percentages of the total, while treasury stock consistently represented a negative percentage, increasing in magnitude over time. Noncontrolling interest fluctuated, peaking at 4.12% in June 2022 before decreasing to 3.80% by December 2025.
Specific Liability Items
Note payable to DIRECTV decreased significantly over the period, becoming a negligible portion of total liabilities and stockholders’ equity after September 2021. Liabilities from discontinued operations were minimal and only present in a few periods. Dividends payable remained relatively consistent, fluctuating around 0.50% of the total.

In summary, the observed period indicates a shift in the company’s capital structure towards greater reliance on liabilities and a decrease in the relative proportion of stockholders’ equity. This trend is primarily attributable to changes in retained earnings and an increase in noncurrent liabilities, particularly long-term debt and deferred tax liabilities. Current liabilities showed initial increases followed by a stabilization and slight increase in later periods.