Stock Analysis on Net

AT&T Inc. (NYSE:T)

$24.99

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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AT&T Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents
Accounts receivable, net of related allowances for credit loss
Inventories
Prepaid and other current assets
Assets from discontinued operations
Current assets
Noncurrent inventories and theatrical film and television production costs
Property, plant and equipment
Accumulated depreciation and amortization
Property, plant and equipment, net
Goodwill, net
Licenses, net
Distribution networks, net
Other intangible assets, net
Intangible assets, net
Investments in and advances to equity affiliates
Operating lease right-of-use assets
Deposits on wireless licenses
Other assets
Noncurrent assets
Total assets

Based on: 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), 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
Cash reserves exhibited significant volatility. An initial increase was observed from early 2020 peaking around March 2022, followed by notable declines, reaching a low in late 2023, before recovering substantially toward the end of the period in late 2025.
Accounts Receivable
Accounts receivable showed a downward trend from early 2020 through mid-2023, reflecting a reduction in credit extended or improved collections. The figures stabilized thereafter, with minor fluctuations, indicating steady credit management in recent quarters.
Inventories
Inventories experienced variability, with an increase peaking in late 2022, followed by a general decline into 2024. This movement may suggest adjustments in stock levels responding to changes in demand or supply chain conditions.
Prepaid and Other Current Assets
Prepaid and other current assets displayed fluctuations without a clear directional trend. Peaks and troughs suggest timing differences or operational changes affecting the composition of current assets.
Current Assets
Overall current assets demonstrated substantial fluctuation, driven largely by the volatility in cash balances and receivables. A major peak occurred in early 2022, after which a decrease was noted, stabilizing around mid-2024, and rising again by late 2025.
Noncurrent Inventories and Theatrical Film and Television Production Costs
This category showed steady growth through late 2021 but data availability cuts off afterward, precluding trend analysis beyond that point.
Property, Plant and Equipment (PPE)
PPE gross values remained relatively stable with gradual increases, reflecting ongoing investments. However, accumulated depreciation continuously increased in magnitude, indicative of aging assets and standard wear. The net PPE value stayed mostly flat, with minor fluctuations, pointing to balanced asset replacement and usage.
Goodwill
Goodwill showed a notable decline between 2021 and 2022, suggesting asset impairment or divestitures affecting intangible value. After this reduction, it remained fairly constant, indicating stability in acquired goodwill.
Licenses, Net
Licenses steadily increased over the period, reflecting acquisitions or capitalizations of intangible rights, signifying ongoing investment in licensing assets.
Distribution Networks, Net
Distribution networks decreased gradually through 2021, consistent with asset retirements or impairments, with no data provided afterward for trend continuation.
Other Intangible Assets
This category declined through late 2021 followed by a substantial reclassification or write-down in 2022, after which values remained low and stable, pointing to a significant asset revaluation.
Intangible Assets, Net
Aggregate intangible assets followed a downward trend through late 2021, then stabilized with minor increases, suggesting balancing of amortization and new intangibles additions.
Investments in and Advances to Equity Affiliates
Investment balances decreased noticeably from early 2020 through mid-2024, indicating divestment or equity value declines, with a minor rebound observed toward late 2025.
Operating Lease Right-of-Use Assets
These assets showed a decreasing trend from 2020 to 2023, followed by a slight recovery toward 2025, consistent with lease term expirations and new lease commencements.
Deposits on Wireless Licenses
Deposits appeared in mid-2021, peaked, and then dropped by late 2021, indicating substantial license fee payments or amortization of deposits.
Other Assets
Other asset values fluctuated mildly, with slight declines from 2020 through 2024, before modest increases approaching 2025, implying steady asset management without large impairments or acquisitions.
Noncurrent Assets
Noncurrent assets decreased progressively from 2020 until early 2023, followed by periods of stabilization and minor recovery, reflecting asset disposals, depreciation, and limited capital investments.
Total Assets
Total assets declined steadily from 2020 through early 2023, driven largely by reductions in both current and noncurrent asset categories. A moderate recovery began in 2024 and extended into 2025, suggesting strategic asset acquisitions or appreciation in asset values.

Assets: Selected Items


Current Assets: Selected Items