Stock Analysis on Net
Stock Analysis on Net

AT&T Inc. (NYSE:T)

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

AT&T Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Cash and cash equivalents 9,740  12,130  5,204  50,498  5,788 
Accounts receivable, net of related allowance for credit loss 20,215  22,636  26,472  16,522  16,794 
Prepaid expenses 1,822  1,631  2,047  1,369  1,555 
Equipment inventories 3,592  2,864  2,771  2,225  2,039 
Other current assets 16,639  15,500  14,933  8,532  12,193 
Current assets 52,008  54,761  51,427  79,146  38,369 
Noncurrent inventories and theatrical film and television production costs 14,752  12,434  7,713  —  — 
Property, plant and equipment, net 127,315  130,128  131,473  125,222  124,899 
Goodwill 135,259  146,241  146,370  105,449  105,207 
Licenses, net 93,840  97,907  96,144  96,136  94,176 
Trademarks and trade names, net 23,297  23,567  24,345  7,021  8,020 
Distribution networks, net 13,793  15,345  17,069  —  — 
Other intangible assets, net 15,386  20,798  26,269  11,119  14,664 
Intangible assets, net 146,316  157,617  163,827  114,276  116,860 
Investments in and advances to equity affiliates 1,780  3,695  6,245  1,560  1,674 
Operating lease right-of-use assets 24,714  24,039  —  —  — 
Other assets 23,617  22,754  24,809  18,444  16,812 
Noncurrent assets 473,753  496,908  480,437  364,951  365,452 
Total assets 525,761  551,669  531,864  444,097  403,821 

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).

Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. AT&T Inc.’s current assets increased from 2018 to 2019 but then slightly decreased from 2019 to 2020 not reaching 2018 level.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. AT&T Inc.’s property, plant and equipment, net decreased from 2018 to 2019 and from 2019 to 2020.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. AT&T Inc.’s noncurrent assets increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. AT&T Inc.’s total assets increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. AT&T Inc.’s cash and cash equivalents increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.
Accounts receivable, net of related allowance for credit loss Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. AT&T Inc.’s accounts receivable, net of related allowance for credit loss decreased from 2018 to 2019 and from 2019 to 2020.
Equipment inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. AT&T Inc.’s equipment inventories increased from 2018 to 2019 and from 2019 to 2020.