Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
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- Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
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AT&T Inc., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Income from continuing operations
- The income from continuing operations demonstrates substantial volatility across the periods. Starting with a significant positive amount in early 2020, it experiences sharp declines and occasional losses, notably a large negative figure in December 2020 and December 2022. Subsequently, the income recovers but remains inconsistent, with fluctuations continuing into 2025. This pattern indicates episodic profitability challenges and recovery phases.
- Depreciation and amortization
- Depreciation and amortization expenses show a general declining trend from 2020 through 2021 but begin to rise gradually from 2022 onward. The increase continues steadily into 2025, suggesting growing investment in depreciable assets or changes in amortization strategies.
- Amortization of film and television costs
- This category shows irregular data availability, with initially moderate values in 2020 and 2021 and absence of data from 2022 onward, implying a possible discontinuation or change in accounting reporting in this area.
- Provision for uncollectible accounts
- The provision for uncollectible accounts trends downward slightly from 2020 to 2021 before increasing again from 2022 to 2025. The increase towards later periods may signal growing credit risk or tighter provisioning policies.
- Asset impairments and restructuring
- This item shows extreme volatility, with significant spikes in December 2020 and December 2022, indicating extraordinary charges during those quarters possibly due to strategic asset write-downs or restructuring activities. The absence and small values in other periods underscore sporadic impairment recognition.
- Pension and postretirement benefit expense
- This expense remains consistently negative, indicating credits rather than charges, though the magnitude of the credit decreases slightly in more recent periods, suggesting reduced pension-related benefits or changes in accounting estimates.
- Deferred income tax expense
- There is considerable fluctuation in deferred tax expenses with large positive spikes in late 2020 and late 2021, followed by variable smaller values. The volatility implies sizable tax timing differences and potentially substantial tax strategy adjustments.
- Net gain/loss on investments
- This item is highly variable, with a mix of gains and losses over the quarters, showing inconsistent impacts from investment activities on financial results.
- Receivables and related assets
- Receivables and equipment installment receivables exhibit large swings between positive and negative values indicating fluctuations in credit sales and collections. Such variability could reflect cyclical sales patterns or changes in credit terms.
- Inventories, prepaid, and other current assets
- These assets transition from negative to positive values intermittently, illustrating variations in working capital components. The substantial negative values early on followed by reversals could be due to inventory adjustments or prepaid expense timing differences.
- Accounts payable and accrued liabilities
- This category shows marked variability, with pronounced negative and positive swings, indicating fluctuations in payment practices or timing of expense recognition impacting short-term liabilities.
- Changes in operating assets and liabilities
- The changes noted reveal significant movements in working capital. The values fluctuate between negative and positive, indicating irregular timing in cash flow impacts from receivables, payables, and other operating assets/liabilities across quarters.
- Net cash provided by operating activities
- There is general consistency in positive operating cash flow across the observed periods, though some quarters display decreases, notably in early 2022 and parts of 2023. Overall, operating activities continue to generate substantial cash despite earnings volatility.
- Capital expenditures
- Capital expenditures remain consistently negative, demonstrating ongoing investments in fixed assets. The amounts trend slightly higher in magnitude in recent years, with some peaks in late 2024, highlighting sustained capital deployment.
- Acquisitions and dispositions
- Acquisitions show sporadic large outflows, particularly notable in early 2021 and late 2021, while dispositions are irregular with occasional inflows that somewhat offset acquisitions in certain quarters. These suggest an active portfolio management strategy.
- Net cash used in investing activities
- Investing cash flow is predominantly negative, consistent with capital spending and acquisition activities, with sporadic quarters indicating partial recoveries or asset disposals contributing positive cash flow.
- Financing activities
- Financing cash flows exhibit high volatility with substantial debt issuances and repayments occurring intermittently. There are notable inflows from debt issuances early in the period and large repayments and short-term borrowings adjustments later. Issuance and redemption of preferred stocks and treasury stocks also contribute to financing fluctuations.
- Cash and cash equivalents
- The net increase or decrease in cash and cash equivalents is irregular, reflecting the combined effects of operating, investing, and financing activities. Large positive swings are present in early 2022 and early 2023, while significant declines occur in mid-2022, indicating periods of cash accumulation and deployment.
- Overall financial trends
- The data depicts a company undergoing significant operational fluctuations with episodic earnings volatility and impairment charges. Cash flows from operations remain generally positive, ensuring liquidity despite investment and financing volatility. Working capital elements pose notable variability affecting short-term cash management. Capital investments and acquisition activities emphasize strategic growth focus, albeit with considerable financial maneuvering through debt and equity instruments. The financial position appears to be actively managed to balance operational demands and investment opportunities amidst an uncertain income environment.