AT&T INC.

T 10-Q · Q2 2025

T Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 30,847 29,797 +3.5%
Show Product Lines breakouts
Fiber and advanced connectivity 3,929 3,528 +11.4%
Fiber and advanced connectivity · Communications 1,793 1,732 +3.5%
Fiber and advanced connectivity · Communications 2,136 1,796 +18.9%
Legacy and other transitional 2,659 3,224 -17.5%
Legacy and other transitional · Communications 2,349 2,839 -17.3%
Legacy and other transitional · Communications 265 323 -18.0%
Legacy and other transitional · Corporate and eliminations 45 62 -27.4%
Non-fiber consumer broadband 892 945 -5.6%
Non-fiber consumer broadband · Communications 892 945 -5.6%
Other 297 333 -10.8%
Other · Communications 248 283 -12.4%
Other · Corporate and eliminations 49 50 -2.0%
Product 5,555 4,791 +15.9%
Product · Communications 171 184 -7.1%
Product · Communications 4,992 4,203 +18.8%
Product · Latin America 392 404 -3.0%
Service 25,292 25,006 +1.1%
Service · Communications 4,142 4,571 -9.4%
Service · Communications 3,541 3,347 +5.8%
Service · Communications 16,853 16,277 +3.5%
Service · Corporate and eliminations 94 112 -16.1%
Service · Latin America 662 699 -5.3%
Wireless 17,515 16,976 +3.2%
Wireless · Communications 16,853 16,277 +3.5%
Wireless · Latin America 662 699 -5.3%
Show Business Segments breakouts
Communications · Business Wireline 4,313 4,755 -9.3%
Communications · Consumer Wireline 3,541 3,347 +5.8%
Communications · Mobility 21,845 20,480 +6.7%
Communications · Operating Segments 29,699 28,582 +3.9%
Corporate And Other 94 112 -16.1%
Latin America · Operating Segments 1,054 1,103 -4.4%
Show Consolidation Items breakouts
Corporate and eliminations 94 112 -16.1%
Operating Segments 30,753 29,685 +3.6%
Parent Administration Support -2
Securitization Fees 30 29 +3.4%
Value Portfolio 66 83 -20.5%
Show Subsegments Consolidation Items breakouts
Corporate Non Segment 94 112 -16.1%
Cost of Revenue (Q)
Show Product Lines breakouts
Product 5,738 4,815 +19.2%
Other Cost Of Operating Revenue 6,412 6,627 -3.2%
Selling, General & Administrative 6,945 7,043 -1.4%
Depreciation & Amortization 5,251 5,072 +3.5%
Show Business Segments breakouts
Communications · Business Wireline 1,521 1,386 +9.7%
Communications · Consumer Wireline 958 914 +4.8%
Communications · Mobility 2,556 2,476 +3.2%
Communications · Operating Segments 5,035 4,776 +5.4%
Corporate And Other 61 124 -50.8%
Latin America · Operating Segments 155 172 -9.9%
Show Consolidation Items breakouts
DTV-related retained costs 50 102 -51.0%
Operating Segments 5,190 4,948 +4.9%
Parent Administration Support 2 2 0.0%
Show Subsegments Consolidation Items breakouts
Certain significant items 9 15 -40.0%
Corporate Non Segment 52 109 -52.3%
Total Costs & Expenses 24,346 24,037 +1.3%
Operating Income 6,501 5,760 +12.9%
Show Business Segments breakouts
Communications · Business Wireline -201 102 -297.1%
Communications · Consumer Wireline 335 184 +82.1%
Communications · Mobility 6,931 6,719 +3.2%
Communications · Operating Segments 7,065 7,005 +0.9%
Corporate And Other -610 -1,251 +51.2%
Latin America · Operating Segments 46 6 +666.7%
Show Consolidation Items breakouts
Corporate and eliminations -622 -731 +14.9%
DTV-related retained costs -107 -218 +50.9%
Operating Segments 7,111 7,011 +1.4%
Parent Administration Support -426 -445 +4.3%
Securitization Fees -144 -121 -19.0%
Value Portfolio 55 53 +3.8%
Show Subsegments Consolidation Items breakouts
Certain significant items 12 -520 +102.3%
Corporate Non Segment -622 -731 +14.9%
Interest Expense -1,655 -1,699 +2.6%
Income Loss From Equity Method Investments 485 348 +39.4%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
DIRECTV · Equity Method Investee 503 350 +43.7%
Other Non-Operating Income (Expense) 767 682 +12.5%
Non-Operating Income (Expense) -403 -669 +39.8%
Income Before Taxes 6,098 5,091 +19.8%
Income Tax Expense (Benefit) 1,237 1,142 +8.3%
Net Income 4,861 3,949 +23.1%
Net Income Loss Attributable To Noncontrolling Interest -361 -352 -2.6%
Show Equity Components breakouts
Noncontrolling Interest -326 -317 -2.8%
Net Income 4,500 3,597 +25.1%
Show Equity Components breakouts
Retained Earnings 4,500 3,597 +25.1%
Preferred Stock Dividends And Other Adjustments -36 -51 +29.4%
Net Income Loss Available To Common Stockholders Basic 4,464 3,546 +25.9%
EPS (Basic) 0.62 0.49 +26.5%
EPS (Diluted) 0.62 0.49 +26.5%
Wtd Avg Shares (Basic) 7,209 7,196 +0.2%
Wtd Avg Shares (Diluted) 7,219 7,198 +0.3%
Cost of Revenue (Q)
Show Related Party Transaction breakouts
Asset Management Arrangement · Equity Method Investee 116
Comprehensive Income 4,442 2,870 +54.8%
Other Comprehensive Income (Q)
Show Equity Components breakouts
Accumulated Other Comprehensive Income -58 -727 +92.0%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 96 -260 +136.9%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 10,499 3,093 +239.4%
Accounts Receivable 8,844 9,686 -8.7%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
DIRECTV · Equity Method Investee 205 247 -17.0%
Inventory 2,357 1,816 +29.8%
Prepaid Expenses & Other Current Assets 17,606 15,273 +15.3%
Total Current Assets 39,306 29,868 +31.6%
Non-Current Assets
Goodwill 63,432 67,854 -6.5%
Operating Lease Right-of-Use Assets 21,494 20,582 +4.4%
Other Non-Current Assets 18,356 18,810 -2.4%
Total Assets 405,491
Show Business Segments breakouts
Communications · Operating Segments 496,906
Latin America · Operating Segments 8,659
Show Consolidation Items breakouts
Corporate and eliminations -100,074
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization 356,188 342,607 +4.0%
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization -227,094 -214,835 -5.7%
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 129,094 127,772 +1.0%
Indefinite Lived License Agreements 127,543 127,279 +0.2%
Other Intangible Assets Net 5,255 5,277 -0.4%
Equity Method Investments 1,011
Show Consolidation Items breakouts
Corporate and eliminations 1,011
Current Liabilities
Debt Current 9,254 5,249 +76.3%
Accounts Payable And Accrued Liabilities Current 33,289
Show Financing Program, Type [Axis] breakouts
Vendor Financing Program 1,193
Deferred Revenue (Current) 3,999 3,981 +0.5%
Show Balance Sheet Location breakouts
Other Current Liabilities 3,872 3,857 +0.4%
Dividends Payable Current 2,023 2,026 -0.1%
Total Current Liabilities 48,565 42,429 +14.5%
Non-Current Liabilities
Deferred Tax Liabilities 59,786 58,918 +1.5%
Postemployment Benefits Liability Noncurrent 9,079 8,744 +3.8%
Operating Lease Liabilities 17,762 17,174 +3.4%
Other Non-Current Liabilities 23,865 24,082 -0.9%
Deferred Credits And Other Liabilities Noncurrent 110,492 108,918 +1.4%
Other Liabilities
Long Term Debt And Capital Lease Obligations 123,057 125,355 -1.8%
Stockholders' Equity
Redeemable Noncontrolling Interest Equity Carrying Amount 1,983 1,977 +0.3%
Common Stock 7,621 7,621 0.0%
Additional Paid In Capital Common Stock 106,381 111,515 -4.6%
Retained Earnings 6,680 2 +333900.0%
Treasury Stock Value -15,210 -15,268 +0.4%
Accumulated Other Comprehensive Income -200 1,440 -113.9%
Minority Interest 16,122 14,037 +14.9%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 121,394 119,347 +1.7%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -200 1,440 -113.9%
Additional Paid In Capital 106,381 111,515 -4.6%
Common Stock 7,621 7,621 0.0%
Noncontrolling Interest 16,122 14,037 +14.9%
Retained Earnings 6,680 2 +333900.0%
Total Liabilities & Equity 405,491 398,026 +1.9%
Total Stockholders' Equity (Q)
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 2,486 3,962 -37.3%
Accumulated Gain Loss Net Cash Flow Hedge Parent -1,110 -1,056 -5.1%
Accumulated Net Unrealized Investment Gain Loss -30 -64 +53.1%
Accumulated Other Comprehensive Income -200 1,440 -113.9%
Accumulated Translation Adjustment -1,546 -1,402 -10.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Provision For Doubtful Accounts 1,037 942 +10.1%
Increase Decrease In Pension And Postretirement Obligations -794 -941 +15.6%
Gain Loss On Investments -31 185 -116.8%
Increase Decrease In Receivables -247 130 -290.0%
Increase Decrease In Net Operating Assets Equip Installment Receivables And Related Asset Sales 1,115 -320 +448.4%
Increase Decrease In Operating Assets Deferred Fulfillment Costs -299 321 -193.1%
Increase Decrease In Other Operating Assets -317 419 -175.7%
Increase Decrease In Other Accounts Payable And Accrued Liabilities -4,440 -4,761 +6.7%
Increase Decrease In Income Taxes 1,663 1,976 -15.8%
Pension And Other Postretirement Benefit Adjustment -103 -93 -10.8%
Increase Decrease In Other Operating Capital Net 730 324 +125.3%
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities 9,259 8,940 +3.6%
Net Cash from Operations 18,812 16,640 +13.1%
Investing Activities
Payments To Acquire Productive Assets -9,174 -8,118 -13.0%
Show Business Segments breakouts
Communications · Operating Segments -8,674 -7,741 -12.1%
Latin America · Operating Segments -125 -101 -23.8%
Show Consolidation Items breakouts
Corporate and eliminations -375 -276 -35.9%
Show Fair Value By Asset Class breakouts
Property Plant And Equipment -9,097 -8,042 -13.1%
Payments To Acquire Businesses Net Of Cash Acquired -48 -270 +82.2%
Show Indefinite Lived Intangible Assets By Major Class breakouts
License -14 -147 +90.5%
Proceeds From Divestiture Of Businesses And Interests In Affiliates 40 14 +185.7%
Payments For Proceeds From Investments -1,084 1,147 -194.5%
Other Investing Activities -778 -336 -131.5%
Net Cash from Investing -11,044 -6,977 -58.3%
Financing Activities
Proceeds From Issuance Of Long Term Debt 6,429 2 +321350.0%
Repayments Of Long Term Debt -1,620 -6,910 +76.6%
Repayments Of Longterm Loans From Vendors -423 -1,391 +69.6%
Proceeds From Repurchase Of Redeemable Preferred Stock -2,075
Share Repurchases -1,179 -159 -641.5%
Proceeds From Sale Of Treasury Stock 17
Proceeds From Minority Shareholders 2,221
Payments Of Dividends Common Stock -4,135 -4,133 -0.0%
Proceeds From Payments For Other Financing Activities 167 -1,392 +112.0%
Net Cash from Financing -598 -13,293 +95.5%
Supplemental
Income Taxes Paid 880 299 +194.3%
Other Cash Flow
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect 7,170 -3,630 +297.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 10,576 3,203 +230.2%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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