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.

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

US$ in millions

	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	10,499)	6,885)	3,298)	2,586)	3,093)	3,520)	6,722)	7,540)	9,528)	2,821)	3,701)	2,423)	4,018)	38,565)	21,169)	21,270)	11,869)	11,342)	9,740)	9,758)	16,941)	9,955)
Accounts receivable, net of related allowances for credit loss	8,844)	9,228)	9,638)	9,068)	9,686)	9,577)	10,289)	8,962)	9,304)	10,214)	11,466)	11,384)	11,377)	17,218)	17,571)	16,304)	15,771)	16,971)	20,215)	19,379)	19,127)	19,908)
Inventories	2,357)	2,593)	2,270)	2,529)	1,816)	2,127)	2,177)	2,520)	2,348)	2,791)	3,123)	3,935)	3,241)	3,153)	3,464)	3,088)	2,810)	3,347)	3,695)	—)	—)	—)
Prepaid and other current assets	17,606)	15,074)	15,962)	15,616)	15,273)	15,221)	17,270)	16,598)	15,492)	14,077)	14,818)	14,553)	15,764)	17,920)	17,793)	16,568)	32,419)	31,094)	18,358)	20,834)	20,487)	22,841)
Assets from discontinued operations	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	85)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	39,306)	33,780)	31,168)	29,799)	29,868)	30,445)	36,458)	35,620)	36,672)	29,903)	33,108)	32,295)	34,485)	76,856)	59,997)	57,230)	62,869)	62,754)	52,008)	49,971)	56,555)	52,704)
Noncurrent inventories and theatrical film and television production costs	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	19,803)	18,983)	17,811)	16,271)	15,626)	14,752)	13,948)	14,514)	13,276)
Property, plant and equipment	356,188)	351,203)	350,914)	346,030)	342,607)	339,115)	339,891)	337,309)	334,206)	330,486)	329,630)	327,903)	323,349)	323,434)	329,488)	325,866)	322,259)	322,534)	327,751)	333,797)	332,883)	329,187)
Accumulated depreciation and amortization	(227,094)	(222,750)	(222,043)	(218,066)	(214,835)	(211,264)	(211,402)	(208,813)	(205,423)	(202,028)	(202,185)	(200,858)	(198,214)	(196,275)	(203,584)	(201,447)	(198,668)	(197,927)	(200,436)	(205,075)	(203,938)	(200,266)
Property, plant and equipment, net	129,094)	128,453)	128,871)	127,964)	127,772)	127,851)	128,489)	128,496)	128,783)	128,458)	127,445)	127,045)	125,135)	127,159)	125,904)	124,419)	123,591)	124,607)	127,315)	128,722)	128,945)	128,921)
Goodwill, net	63,432)	63,432)	63,432)	63,432)	67,854)	67,854)	67,854)	67,854)	67,854)	67,895)	67,895)	92,725)	92,746)	133,247)	133,223)	133,663)	134,626)	135,168)	135,259)	143,688)	143,651)	145,546)
Licenses, net	127,543)	127,344)	127,035)	127,134)	127,279)	127,423)	127,219)	127,113)	125,049)	124,502)	124,092)	123,856)	123,557)	114,107)	113,830)	112,423)	87,962)	87,947)	93,840)	98,397)	98,763)	96,662)
Distribution networks, net	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	11,486)	11,942)	12,408)	12,875)	13,334)	13,793)	14,249)	14,704)	14,886)
Other intangible assets, net	5,255)	5,255)	5,255)	5,256)	5,277)	5,281)	5,283)	5,332)	5,339)	5,346)	5,354)	5,362)	5,371)	33,233)	33,721)	34,435)	35,012)	36,427)	38,683)	41,098)	42,209)	42,916)
Intangible assets, net	132,798)	132,599)	132,290)	132,390)	132,556)	132,704)	132,502)	132,445)	130,388)	129,848)	129,446)	129,218)	128,928)	158,826)	159,493)	159,266)	135,849)	137,708)	146,316)	153,744)	155,676)	154,464)
Investments in and advances to equity affiliates	1,011)	942)	295)	281)	584)	891)	1,251)	1,847)	2,779)	2,810)	3,533)	3,964)	4,523)	5,943)	7,274)	8,629)	1,853)	1,805)	1,780)	2,325)	2,302)	3,606)
Operating lease right-of-use assets	21,494)	21,006)	20,909)	20,779)	20,582)	20,668)	20,905)	21,001)	21,581)	21,619)	21,814)	21,782)	21,808)	23,941)	24,180)	24,341)	24,390)	24,415)	24,714)	24,546)	24,692)	24,008)
Deposits on wireless licenses	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	9,129)	—)	—)	23,663)	23,406)	—)	—)	—)	—)
Other assets	18,356)	17,255)	17,830)	19,074)	18,810)	19,015)	19,601)	19,435)	20,396)	20,340)	19,612)	19,434)	18,808)	22,291)	22,568)	21,748)	21,598)	21,496)	23,617)	21,609)	21,563)	22,829)
Noncurrent assets	366,185)	363,687)	363,627)	363,920)	368,158)	368,983)	370,602)	371,078)	371,781)	370,970)	369,745)	394,168)	391,948)	500,339)	491,625)	489,877)	481,841)	484,231)	473,753)	488,582)	491,343)	492,650)
Total assets	405,491)	397,467)	394,795)	393,719)	398,026)	399,428)	407,060)	406,698)	408,453)	400,873)	402,853)	426,463)	426,433)	577,195)	551,622)	547,107)	544,710)	546,985)	525,761)	538,553)	547,898)	545,354)

Cash and cash equivalents: The cash and cash equivalents exhibited significant volatility over the periods analyzed. There were notable peaks in March 2022 followed by sharp declines in the subsequent quarters, with values moving from around $38.6 billion to as low as approximately $2.4 billion. Recent quarters show signs of recovery with the amount increasing again by mid-2025.
Accounts receivable, net: Accounts receivable demonstrated a downward trend from early 2020 through mid-2023, falling from nearly $20 billion to approximately $8.8 billion by June 2025. This indicates an overall reduction in outstanding customer balances over time, with some fluctuations occurring between quarters.
Inventories: Starting from the data point available in late 2020, inventories exhibited a declining trend in general, decreasing from around $3.7 billion to levels closer to $2.3 billion by mid-2025. Despite some fluctuations, the trend suggests improved inventory management or reduced stock levels over time.
Prepaid and other current assets: Prepaid and other current assets fluctuated throughout the periods, initially declining from about $23 billion in early 2020 to below $14 billion by early 2023, before rebounding slightly towards mid-2025. The movement suggests variability in prepaid expenses or other current asset categories, with no clear long-term upward or downward trend.
Current assets: Current assets peaked substantially in March 2022 at approximately $76.9 billion, following gradual growth from 2020. However, a notable sharp decline occurred in the quarters subsequent to March 2022, with values dropping to around $29.8 billion. Thereafter, a gradual recovery is observed up to $39.3 billion by mid-2025.
Noncurrent inventories and theatrical production costs: The data for noncurrent inventories and theatrical film and television production costs is limited, but available figures indicate a steady increase from 2020 through 2021, growing from roughly $13.3 billion to nearly $19 billion. No data after 2021 is provided.
Property, plant and equipment (PP&E) and net PP&E: Gross PP&E remained relatively stable with a slight upward trend from 2020 through mid-2025, increasing from about $329 billion to $356 billion. Accumulated depreciation and amortization also rose steadily, indicating ongoing asset usage and aging. Net PP&E showed slight fluctuations but remained fairly stable around $127-$129 billion range, reflecting balanced capital expenditure and depreciation.
Goodwill, net: Goodwill experienced a considerable decline from $145.5 billion in early 2020 to roughly $63.4 billion by mid-2025, indicating substantial write-downs or disposals of goodwill during this period. The most pronounced decrease occurred between 2021 and 2023.
Licenses, net: Licenses net values increased steadily from around $96.7 billion in early 2020 to $127.5 billion by mid-2025, reflecting acquisitions or additions of license assets over time. The trend indicates growth in licensing intangible assets.
Distribution networks, net: Distribution networks showed a continuous decline from approximately $14.9 billion in early 2020 to about $11.5 billion by early 2022, after which there is no further data. The decrease may imply amortization or derecognition of these assets.
Other and total intangible assets, net: Other intangible assets declined from about $42.9 billion in early 2020 to around $5.3 billion by 2023, suggesting substantial disposals or amortization. Overall intangible assets moved downward from $154.5 billion in 2020 to about $132.8 billion mid-2025, indicating a reduction primarily driven by this component.
Investments in and advances to equity affiliates: These investments declined significantly from approximately $3.6 billion in early 2020 to near $0.3 billion by late 2024, with a modest recovery to around $1 billion by mid-2025. The trend suggests divestment or impairment of affiliate investments over the period.
Operating lease right-of-use assets: Operating lease assets decreased moderately from roughly $24 billion in early 2020 to approximately $21.5 billion by mid-2025, indicating amortization without equivalent additions of new leases.
Deposits on wireless licenses: Data on deposits for wireless licenses is sparse and incomplete, with amounts around $23 billion appearing in 2021 and about $9 billion in 2022. No recent data available to indicate the current trend.
Other assets: Other assets remained relatively consistent with slight downward movements over time, decreasing from about $22.8 billion in early 2020 to approximately $17.3 billion by mid-2025.
Noncurrent assets: Noncurrent assets displayed a decrease from roughly $492.7 billion in early 2020 to around $367 billion by mid-2025. This decline reflects the reductions discussed in various intangible and investment assets over time.
Total assets: Total assets fluctuated over the observed periods, initially peaking near $577 billion in March 2022, followed by a sharp decline toward approximately $400 billion in 2023. A stabilizing trend followed with assets gradually rising to about $405 billion by mid-2025, indicating a period of restructuring or divestiture followed by stabilization.

Assets: Selected Items

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Current Assets: Selected Items

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AT&T Inc. (NYSE:T)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data