AT&T Inc. (T)

Income Statement
Quarterly Data

Low level of difficulty

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)

US$ in millions

	3 months ended	Sep 30, 2019		Jun 30, 2019		Mar 31, 2019		Dec 31, 2018		Sep 30, 2018		Jun 30, 2018		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
	Service
	Equipment
	Operating revenues
	Equipment
	Broadcast, programming and operations
	Other cost of revenues, exclusive of depreciation and amortization
	Cost of revenues
	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

Income statement item	Description	The company
Operating revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	AT&T Inc.’s operating revenues increased from Q1 2019 to Q2 2019 but then declined significantly from Q2 2019 to Q3 2019.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	AT&T Inc.’s operating income increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	AT&T Inc.’s income before income taxes declined from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Net income attributable to AT&T	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	AT&T Inc.’s net income attributable to AT&T declined from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.

	AT&T Inc.	Other companies (not purchased previously)
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Relative Valuation
Discounted Cash Flow (DCF) Valuation
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Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality

AT&T Inc. (T)

Income StatementQuarterly Data

Income Statement
Quarterly Data