Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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.
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- Statement of Comprehensive Income
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
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AT&T Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
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).
- Cash and cash equivalents
- The cash and cash equivalents balance experienced notable fluctuations over the periods. It initially increased sharply from March 2020 to June 2020, reaching a peak of around $21.3 billion in September 2020 and December 2020. Thereafter, it showed a mixed trend with significant declines in mid-2022, followed by some recovery in later quarters, culminating again in a rising trend towards March 2025.
- Accounts receivable, net
- Accounts receivable demonstrated a declining trend from March 2020 through June 2022, with a sharp drop from $17.2 billion to $9.3 billion. It stabilized somewhat afterward, with small fluctuations around the $9-10 billion range through March 2025.
- Inventories
- Inventories data began in December 2020 and showed a gradual downward trend overall. From roughly $3.7 billion in late 2020, the inventory levels decreased to a low of approximately $1.8 billion in late 2024, with slight fluctuations approaching early 2025.
- Prepaid and other current assets
- This asset category peaked in mid-2021 at approximately $32.4 billion, then decreased notably through 2022 to near $14 billion. Following this decline, it recovered gradually to a plateau around $15-16 billion in recent quarters.
- Current assets
- Current assets showed significant variation, peaking at about $76.9 billion in March 2022, followed by a rapid decrease to around $29-31 billion through late 2024. The latter part of the period saw a modest upward adjustment nearing $33.8 billion in early 2025.
- Noncurrent inventories and theatrical film and television production costs
- Recorded from March 2020 to March 2022, this category exhibited a steady increase from $13.3 billion to nearly $20 billion, indicating increased capitalized costs related to production assets before no further data was reported.
- Property, plant and equipment (gross)
- The gross PP&E remained relatively stable over the period, ranging from about $327 billion to $351 billion, showing gradual growth overall without significant volatility.
- Accumulated depreciation and amortization
- Accumulated depreciation consistently increased in absolute value over time, reflecting ongoing asset usage and aging, from approximately -$200 billion to over -$222 billion by early 2025.
- Property, plant and equipment, net
- The net PP&E showed slight variation with minor fluctuations around $125 billion to $129 billion, peaking in mid-2023 and remaining fairly stable through early 2025.
- Goodwill, net
- Goodwill exhibited a notable decline from over $145 billion in early 2020 to approximately $63 billion by March 2025, suggesting asset impairments or divestitures reducing intangible value over the timeframe.
- Licenses, net
- Licenses increased steadily from about $96.7 billion in March 2020 to a plateau near $127 billion by mid-2023, maintaining this high level through early 2025.
- Distribution networks, net
- Distribution networks declined steadily from around $14.9 billion in early 2020 to $11.5 billion by March 2022. Subsequent data were not provided, making recent trend assessment unavailable.
- Other intangible assets, net
- This category diminished sharply from $42.9 billion in early 2020 to approximately $5.3 billion by 2022 and thereafter remained stable at that reduced level.
- Intangible assets, net
- Overall intangible assets showed a decreasing trend initially from about $154 billion in early 2020 to $129 billion by early 2022, then stabilized at around $132 billion through early 2025.
- Investments in and advances to equity affiliates
- These investments declined over time from $3.6 billion in early 2020 to under $1 billion by late 2024, with a slight rebound near $942 million by early 2025, indicating reduced equity affiliate exposure.
- Operating lease right-of-use assets
- This asset class showed a gradual decline from about $24 billion in early 2020 to $21 billion by early 2025, reflecting typical lease amortization effects.
- Deposits on wireless licenses
- Available data from mid-2021 show deposits near $23 billion, dropping to below $10 billion by March 2022, with no further data thereafter, limiting trend understanding.
- Other assets
- Other assets declined from around $22.8 billion in early 2020 to approximately $17.3 billion by early 2025, displaying a slow but steady reduction over the intervals.
- Noncurrent assets
- Noncurrent assets decreased significantly from roughly $493 billion in early 2020 to approximately $364 billion by late 2024, suggesting substantial asset disposals or reclassifications within those periods.
- Total assets
- Total assets initially remained within a narrow range near $545 billion to $577 billion from 2020 to early 2022, then fell precipitously to about $400 billion in early 2023, maintaining that lower level through early 2025. This drop likely reflects divestitures, asset revaluations, or other significant structural changes in the asset base.