Income Statement

The income statement presents information on the financial results of a company 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

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Service	100,135)	99,649)	97,831)	146,391)	152,767)
Equipment	22,201)	22,779)	22,910)	22,473)	18,993)
Operating revenues	122,336)	122,428)	120,741)	168,864)	171,760)
Equipment	(22,249)	(23,136)	(24,009)	(23,778)	(19,706)
Broadcast, programming and operations	—)	—)	—)	(24,797)	(27,305)
Other cost of revenues, exclusive of depreciation and amortization	(26,972)	(26,987)	(26,839)	(31,232)	(32,909)
Cost of revenues	(49,221)	(50,123)	(50,848)	(79,807)	(79,920)
Gross profit	73,115)	72,305)	69,893)	89,057)	91,840)
Selling, general and administrative	(28,411)	(28,874)	(28,961)	(37,944)	(38,039)
Asset impairments and abandonments and restructuring	(5,075)	(1,193)	(27,498)	(4,904)	(18,880)
Depreciation and amortization	(20,580)	(18,777)	(18,021)	(22,862)	(28,516)
Operating income (loss)	19,049)	23,461)	(4,587)	23,347)	6,405)
Interest expense	(6,759)	(6,704)	(6,108)	(6,884)	(7,925)
Equity in net income of affiliates	1,989)	1,675)	1,791)	631)	95)
Other income (expense), net	2,419)	1,416)	5,810)	9,853)	(1,431)
Other income (expense)	(2,351)	(3,613)	1,493)	3,600)	(9,261)
Income (loss) from continuing operations before income taxes	16,698)	19,848)	(3,094)	26,947)	(2,856)
Income tax expense on continuing operations	(4,445)	(4,225)	(3,780)	(5,468)	(965)
Income (loss) from continuing operations	12,253)	15,623)	(6,874)	21,479)	(3,821)
Loss from discontinued operations, net of tax	—)	—)	(181)	—)	—)
Net income (loss)	12,253)	15,623)	(7,055)	21,479)	(3,821)
Net income attributable to noncontrolling interest	(1,305)	(1,223)	(1,469)	(1,398)	(1,355)
Net income (loss) attributable to AT&T	10,948)	14,400)	(8,524)	20,081)	(5,176)
Preferred stock dividends	(202)	(208)	(203)	(207)	(193)
Net income (loss) attributable to common stock	10,746)	14,192)	(8,727)	19,874)	(5,369)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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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. operating revenues increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	AT&T Inc. operating income (loss) increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Income (loss) from continuing operations 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. income (loss) from continuing operations before income taxes increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Net income (loss) 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. net income (loss) attributable to AT&T increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

AT&T Inc. (NYSE:T)

Income Statement