Stock Analysis on Net
Stock Analysis on Net

AT&T Inc. (NYSE:T)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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.

Paying user area

Try for free

AT&T Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

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

US$ in millions

Microsoft Excel
Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 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
Debt maturing within one year
Note payable to DIRECTV
Accounts payable and accrued liabilities
Advanced billings and customer deposits
Dividends payable
Liabilities from discontinued operations
Current liabilities
Long-term debt, excluding maturing within one year
Noncurrent deferred tax liabilities
Postemployment benefit obligation
Noncurrent operating lease liabilities
Other noncurrent liabilities
Noncurrent portion of note payable to DIRECTV
Deferred credits and other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Redeemable noncontrolling interest
Preferred stock, $1 par value
Common stock, $1 par value
Additional paid-in capital
Retained earnings (deficit)
Treasury stock, at cost
Accumulated other comprehensive income (loss)
Stockholders’ equity attributable to AT&T
Noncontrolling interest
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

The balance sheet exhibits a significant structural shift occurring between March 31, 2022, and June 30, 2022, characterized by a substantial reduction in total liabilities and a contraction of stockholders' equity. Following this period, the company entered a phase of stabilization and gradual recovery of equity components, specifically within retained earnings.

Liability Profile and Debt Management
Total liabilities peaked at 390.6 billion USD in March 2022 before dropping sharply to 291.1 billion USD by June 2022. This reduction was driven by both current and noncurrent components. Current liabilities decreased from a peak of 85.6 billion USD in December 2021 to a range between 40.6 billion USD and 53.9 billion USD from 2023 through 2026. Long-term debt, excluding maturing portions, saw a similar decline, falling from 180.2 billion USD in March 2022 to a stabilized range of 117 billion to 131 billion USD in the subsequent years.
Debt maturing within one year showed significant volatility, peaking at 27.3 billion USD in March 2022, then dropping to 6.2 billion USD by June 2022. While it experienced moderate fluctuations thereafter, it remained substantially lower than 2021 levels, ending at 6.8 billion USD by March 2026.
Stockholders' Equity and Retained Earnings
Total stockholders' equity experienced a sharp decline in June 2022, falling from 186.6 billion USD to 135.3 billion USD. A critical driver of this volatility was the retained earnings account, which plummeted from 45.0 billion USD in March 2022 to a deficit of 19.4 billion USD by December 2022. However, a consistent recovery trend is observed thereafter, with retained earnings returning to positive territory by June 2024 and growing to 17.6 billion USD by March 2026.
Additional paid-in capital showed a steady downward trend, declining from 129.9 billion USD in June 2021 to 106.1 billion USD by March 2026. Simultaneously, treasury stock increased in cost from 17.3 billion USD to 20.3 billion USD over the same period, indicating ongoing share repurchases despite the equity fluctuations.
Noncurrent Obligations and Other Liabilities
Deferred credits and other noncurrent liabilities remained a primary component of the balance sheet, though they declined from a peak of 129.5 billion USD in December 2021 to approximately 111.6 billion USD by March 2026. Noncurrent deferred tax liabilities remained relatively stable, fluctuating slightly around the 58 billion to 65 billion USD range. Postemployment benefit obligations showed a long-term downward trend, decreasing from 14.7 billion USD in March 2021 to 8.4 billion USD by March 2026.

Overall, the data indicates a transition from a highly leveraged position in early 2022 to a more streamlined balance sheet. The recovery of the retained earnings deficit suggests a return to positive cumulative profitability or a strategic reallocation of capital, contributing to a gradual strengthening of the total equity position from its 2022 lows.