Stock Analysis on Net
Stock Analysis on Net

AT&T Inc. (NYSE:T)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

AT&T Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

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Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 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
Debt maturing within one year 15,576  17,067  11,838  11,608  12,772  11,538  10,255  14,905  21,672  29,322  38,374  8,551  10,831  12,681  9,832  7,982  9,528  8,399  7,636  7,535  8,603  8,181 
Accounts payable and accrued liabilities 41,881  40,771  45,956  43,955  42,082  42,306  43,184  39,375  35,488  31,569  34,470  28,928  26,471  27,120  31,138  28,849  26,746  26,169  30,372  28,280  21,560  20,418 
Advanced billings and customer deposits 5,723  5,960  6,124  6,097  5,734  5,956  5,948  6,045  5,914  5,081  4,213  4,503  4,371  4,493  4,519  4,637  4,465  4,550  4,682  4,640  4,075  4,221 
Accrued taxes 2,548  2,169  1,212  2,741  2,062  1,130  1,179  1,460  1,889  1,534  1,262  2,703  3,331  3,384  2,079  2,686  2,773  2,455  2,176  4,591  3,848  2,390 
Dividends payable 3,741  3,737  3,781  3,725  3,726  3,722  3,854  3,635  3,630  3,074  3,070  3,008  3,008  3,012  3,008  2,948  2,953  2,955  2,950  2,892  2,441  2,441 
Current liabilities 69,469  69,704  68,911  68,126  66,376  64,652  64,420  65,420  68,593  70,580  81,389  47,693  48,012  50,690  50,576  47,102  46,465  44,528  47,816  47,938  40,527  37,651 
Long-term debt, excluding maturing within one year 153,388  147,202  151,309  153,568  157,790  163,942  166,250  168,513  168,495  133,724  125,972  154,728  132,824  120,568  113,681  117,239  117,308  122,104  118,515  119,395  105,067  88,272 
Deferred income taxes 58,387  58,491  59,502  57,786  58,713  59,207  57,859  60,495  59,665  45,730  43,207  64,381  61,926  61,100  60,128  59,649  58,216  57,489  56,181  53,044  38,516  38,019 
Postemployment benefit obligation 18,167  18,324  18,788  22,853  21,210  19,664  19,218  28,981  28,791  30,116  31,775  31,231  31,422  33,404  33,578  33,483  34,023  34,114  34,262  36,396  36,638  37,074 
Operating lease liabilities 22,230  21,584  21,804  22,288  20,568  18,253  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other noncurrent liabilities 32,804  34,600  29,421  29,848  28,176  27,715  30,233  26,490  25,017  19,117  19,747  19,723  20,753  21,160  21,748  20,899  21,425  20,998  22,258  20,427  18,240  19,908 
Deferred credits and other noncurrent liabilities 131,588  132,999  129,515  132,775  128,667  124,839  107,310  115,966  113,473  94,963  94,729  115,335  114,101  115,664  115,454  114,031  113,664  112,601  112,701  109,867  93,394  95,001 
Noncurrent liabilities 284,976  280,201  280,824  286,343  286,457  288,781  273,560  284,479  281,968  228,687  220,701  270,063  246,925  236,232  229,135  231,270  230,972  234,705  231,216  229,262  198,461  183,273 
Total liabilities 354,445  349,905  349,735  354,469  352,833  353,433  337,980  349,899  350,561  299,267  302,090  317,756  294,937  286,922  279,711  278,372  277,437  279,233  279,032  277,200  238,988  220,924 
Preferred stock, $1 par value —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Common stock, $1 par value 7,621  7,621  7,621  7,621  7,621  7,621  7,621  7,621  7,621  6,495  6,495  6,495  6,495  6,495  6,495  6,495  6,495  6,495  6,495  6,495  6,495  6,495 
Additional paid-in capital 130,046  129,966  126,279  125,139  125,109  125,174  125,525  125,706  125,960  89,404  89,563  89,527  89,471  89,411  89,604  89,536  89,486  89,414  89,763  89,717  91,032  90,977 
Retained earnings 56,045  58,534  57,936  59,347  59,389  59,424  58,753  57,624  56,555  55,067  50,500  36,074  36,067  35,175  34,734  35,319  34,950  34,506  33,671  32,627  29,086  28,490 
Treasury stock, at cost (17,945) (17,957) (13,085) (11,195) (11,151) (11,452) (12,059) (12,486) (12,872) (12,432) (12,714) (12,716) (12,697) (12,400) (12,659) (12,589) (12,343) (12,163) (12,592) (12,309) (46,793) (46,804)
Accumulated other comprehensive income (loss) 129  (385) 5,470  2,137  3,289  4,345  4,249  5,383  5,716  7,386  7,017  5,580  5,389  5,160  4,961  4,850  4,814  5,180  5,334  5,294  7,039  7,341 
Stockholders’ equity attributable to AT&T 175,896  177,779  184,221  183,049  184,257  185,112  184,089  183,848  182,980  145,920  140,861  124,960  124,725  123,841  123,135  123,611  123,402  123,432  122,671  121,824  86,859  86,499 
Noncontrolling interest 17,557  17,670  17,713  11,278  9,824  9,839  9,795  1,123  1,150  1,156  1,146  1,149  1,133  1,140  975  992  969  973  969  965  642  605 
Total stockholders’ equity 193,453  195,449  201,934  194,327  194,081  194,951  193,884  184,971  184,130  147,076  142,007  126,109  125,858  124,981  124,110  124,603  124,371  124,405  123,640  122,789  87,501  87,104 
Total liabilities and stockholders’ equity 547,898  545,354  551,669  548,796  546,914  548,384  531,864  534,870  534,691  446,343  444,097  443,865  420,795  411,903  403,821  402,975  401,808  403,638  402,672  399,989  326,489  308,028 

Based on: 10-Q (filing date: 2020-08-05), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-08-05), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-20), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-05).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. AT&T Inc.’s current liabilities increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. AT&T Inc.’s noncurrent liabilities decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. AT&T Inc.’s total liabilities increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Stockholders’ equity attributable to AT&T Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. AT&T Inc.’s stockholders’ equity attributable to AT&T decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.