Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information (Unaudited)

Quarterly Financial Information (Unaudited)

NOTE 20. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following tables represent our quarterly financial results:

		2017 Calendar Quarter
		First		Second1		Third		Fourth1, 2		Annual
Total Operating Revenues		$	39,365	$	39,837	$	39,668	$	41,676	$	160,546
Operating Income			6,864		7,323		6,403		359		20,949
Net Income			3,574		4,014		3,123		19,136		29,847
Net Income Attributable to AT&T			3,469		3,915		3,029		19,037		29,450
Basic Earnings Per Share
Attributable to AT&T3		$	0.56	$	0.63	$	0.49	$	3.08	$	4.77
Diluted Earnings Per Share
Attributable to AT&T3		$	0.56	$	0.63	$	0.49	$	3.08	$	4.76
Stock Price
High		$	43.02	$	41.69	$	39.41	$	39.51
Low			40.61		37.46		35.59		32.86
Close			41.55		37.73		39.17		38.88
1	Includes actuarial gains and losses on pension and postretirement benefit plans (Note 12).
2	Includes an asset abandonment charge (Note 6) and the impact of federal corporate income tax reform (Note 11).
3	Quarterly earnings per share impacts may not add to full-year earnings per share impacts due to the difference in weighted-average
	common shares for the quarters versus the weighted-average common shares for the year.

		2016 Calendar Quarter
		First		Second		Third		Fourth1		Annual
Total Operating Revenues		$	40,535	$	40,520	$	40,890	$	41,841	$	163,786
Operating Income			7,131		6,560		6,408		4,248		24,347
Net Income			3,885		3,515		3,418		2,515		13,333
Net Income Attributable to AT&T			3,803		3,408		3,328		2,437		12,976
Basic Earnings Per Share
Attributable to AT&T2		$	0.62	$	0.55	$	0.54	$	0.39	$	2.10
Diluted Earnings Per Share
Attributable to AT&T2		$	0.61	$	0.55	$	0.54	$	0.39	$	2.10
Stock Price
High		$	39.45	$	43.21	$	43.47	$	42.73
Low			33.51		37.86		39.71		36.13
Close			39.17		43.21		40.61		42.53
1	Includes an actuarial loss on pension and postretirement benefit plans (Note 12) and asset impairment charges (Note 6) and changes
	in accounting estimates for network asset lives and salvage values, and customer fulfillment costs.
2	Quarterly earnings per share impacts may not add to full-year earnings per share impacts due to the difference in weighted-average
	common shares for the quarters versus the weighted-average common shares for the year.