Preparation Of Interim Financial Statements (Tables)

9 Months Ended

Sep. 30, 2018

New Accounting Pronouncements and Changes in Accounting Principles

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

	Pension and Postretirement Benefits
	Historical		Effect of
	Accounting		Adoption of		As
	Method		ASU 2017-07		Adjusted
For the three months ended September 30, 2018
Consolidated Statements of Income
Other cost of revenues	$	8,527	$	124	$	8,651
Selling, general and administrative expenses		9,207		391		9,598
Operating Income		7,784		(515)		7,269
Other Income (Expense) – net		538		515		1,053
Net Income		4,816		-		4,816
For the three months ended September 30, 2017
Consolidated Statements of Income
Other cost of revenues	$	9,431	$	263	$	9,694
Selling, general and administrative expenses		8,317		333		8,650
Operating Income		6,403		(596)		5,807
Other Income (Expense) – net		246		596		842
Net Income		3,123		-		3,123
For the nine months ended September 30, 2018
Consolidated Statements of Income
Other cost of revenues	$	23,166	$	1,049	$	24,215
Selling, general and administrative expenses		22,859		3,320		26,179
Operating Income		24,305		(4,369)		19,936
Other Income (Expense) – net		739		4,369		5,108
Net Income		14,823		-		14,823
For the nine months ended September 30, 2017
Consolidated Statements of Income
Other cost of revenues	$	27,714	$	837	$	28,551
Selling, general and administrative expenses		24,917		1,064		25,981
Operating Income		20,590		(1,901)		18,689
Other Income (Expense) – net		354		1,901		2,255
Net Income		10,711		-		10,711

	Cash Flows
	Historical		Effect of		Effect of
	Accounting		Adoption of		Adoption of		As
	Method		ASU 2016-15		ASU 2016-18		Adjusted
For the nine months ended September 30, 2018
Consolidated Statements of Cash Flows
Changes in other current assets	$	(2,731)	$	-	$	2	$	(2,729)
Equipment installment receivables and related sales		720		(500)		-		220
Other – net		1,399		-		(116)		1,283
Cash Provided by (Used in) Operating Activities		32,136		(500)		(114)		31,522
(Purchases) sales of securities – net		7		-		(241)		(234)
Cash collections of deferred purchase price		-		500		-		500
Cash (Used in) Provided by Investing Activities		(60,246)		500		(241)		(59,987)
Change in cash and cash equivalents and restricted cash	$	(41,789)	$	-	$	(355)	$	(42,144)
For the nine months ended September 30, 2017
Consolidated Statements of Cash Flows
Changes in other current assets	$	(106)	$	-	$	-	$	(106)
Equipment installment receivables and related sales		1,116		(665)		-		451
Other – net		(1,420)		-		(136)		(1,556)
Cash Provided by (Used in) Operating Activities		29,274		(665)		(136)		28,473
(Purchases) sales of securities – net		(2)		-		237		235
Cash collections of deferred purchase price		-		665		-		665
Cash (Used in) Provided by Investing Activities		(15,266)		665		237		(14,364)
Change in cash and cash equivalents and restricted cash	$	42,711	$	-	$	100	$	42,811

For the three months ended September 30, 2018		As Reported		Historical Accounting Method
Consolidated Statements of Income:
Service Revenues	$	41,297	$	42,681
Equipment Revenues		4,442		3,926
Total Operating Revenues		45,739		46,607
Other cost of revenues		8,651		9,568
Selling, general and administrative expenses		9,598		10,145
Total Operating Expenses		38,470		39,934
Operating income		7,269		6,673
Income before income taxes		6,207		5,611
Income tax expense		1,391		1,245
Net income		4,816		4,366
Net income attributable to AT&T	$	4,718	$	4,273
Basic Earnings per Share Attributable to AT&T	$	0.65	$	0.59
Diluted Earnings per Share Attributable to AT&T	$	0.65	$	0.59
For the nine months ended September 30, 2018
Consolidated Statements of Income:
Service Revenues	$	109,849	$	114,048
Equipment Revenues		12,914		11,398
Total Operating Revenues		122,763		125,446
Other cost of revenues		24,215		26,964
Selling, general and administrative expenses		26,179		27,909
Total Operating Expenses		102,827		107,306
Operating income		19,936		18,140
Income before income taxes		19,128		17,332
Income tax expense		4,305		3,865
Net income		14,823		13,467
Net income attributable to AT&T	$	14,512	$	13,173
Basic Earnings per Share Attributable to AT&T	$	2.19	$	1.99
Diluted Earnings per Share Attributable to AT&T	$	2.19	$	1.99
At September 30, 2018
Consolidated Balance Sheets:
Other current assets	$	16,278	$	13,750
Other Assets		25,490		23,050
Accounts payable and accrued liabilities		39,375		39,554
Advanced billings and customer deposits		6,045		6,109
Deferred income taxes		60,495		59,264
Other noncurrent liabilities		26,490		26,252
Retained earnings		57,624		53,929
Accumulated other comprehensive income		5,383		5,385
Noncontrolling interest	$	1,123	$	1,071