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Income Statement Quarterly Data

Difficulty: Beginner

The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

AT&T Inc., Consolidated Income Statement (quarterly data)

USD $ in millions

 
3 months ended Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Service
Equipment
Operating revenues
Equipment
Broadcast, programming and operations
Other cost of services, exclusive of depreciation and amortization
Cost of services and sales
Gross profit
Selling, general and administrative
Abandonment of network assets
Depreciation and amortization
Operating income
Interest expense
Equity in net income (loss) of affiliates
Other income (expense), net
Other income (expense)
Income before income taxes
Income tax (expense) benefit
Net income
Net income attributable to noncontrolling interest
Net income attributable to AT&T
Source: AT&T Inc., Quarterly and Annual Reports
Item Description The company
Operating revenues Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. AT&T Inc.'s operating revenues increased from Q3 2017 to Q4 2017 but then declined significantly from Q4 2017 to Q1 2018.
Operating income The net result for the period of deducting operating expenses from operating revenues. AT&T Inc.'s operating income declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 not reaching Q3 2017 level.
Income before income taxes Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. AT&T Inc.'s income before income taxes declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 exceeding Q3 2017 level.
Net income The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. AT&T Inc.'s net income increased from Q3 2017 to Q4 2017 but then slightly declined from Q4 2017 to Q1 2018 not reaching Q3 2017 level.
Net income attributable to AT&T The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. AT&T Inc.'s net income attributable to AT&T increased from Q3 2017 to Q4 2017 but then slightly declined from Q4 2017 to Q1 2018 not reaching Q3 2017 level.

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