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Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating Revenues        
Total operating revenues $ 42,340 $ 44,588 $ 126,069 $ 134,372
Cost of revenues        
Other cost of revenues (exclusive of depreciation and amortization shown separately below) 8,375 8,604 24,833 25,910
Selling, general and administrative 9,266 9,584 27,857 29,077
Asset impairments and abandonments 73 0 2,515 0
Depreciation and amortization 7,030 6,949 21,537 21,256
Total operating expenses 36,208 36,687 108,919 111,738
Operating Income 6,132 7,901 17,150 22,634
Other Income (Expense)        
Interest expense (1,972) (2,083) (6,031) (6,373)
Equity in net income (loss) of affiliates 5 3 (11) 36
Other income (expense) — net (231) (935) 1,589 (967)
Total other income (expense) (2,198) (3,015) (4,453) (7,304)
Income Before Income Taxes 3,934 4,886 12,697 15,330
Income tax expense 766 937 3,003 3,059
Net Income 3,168 3,949 9,694 12,271
Less: Net Income Attributable to Noncontrolling Interest (352) (249) (987) (762)
Net Income Attributable to AT&T 2,816 3,700 8,707 11,509
Less: Preferred Stock Dividends (54) 0 (138) 0
Net Income Attributable to Common Stock $ 2,762 $ 3,700 $ 8,569 $ 11,509
Basic Earnings Per Share Attributable to Common Stock (in dollars per share) $ 0.39 $ 0.50 $ 1.19 $ 1.57
Diluted Earnings Per Share Attributable to Common Stock (in dollars per share) $ 0.39 $ 0.50 $ 1.19 $ 1.57
Weighted Average Number of Common Shares Outstanding - Basic (in millions) (in shares) 7,147 7,327 7,160 7,321
Weighted Average Number of Common Shares Outstanding - with Dilution (in millions) (in shares) 7,173 7,356 7,186 7,350
Service        
Operating Revenues        
Total operating revenues $ 37,782 $ 40,317 $ 113,716 $ 122,024
Equipment        
Operating Revenues        
Total operating revenues 4,558 4,271 12,353 12,348
Cost of revenues        
Cost of goods and services sold 4,552 4,484 12,622 13,047
Broadcast, programming and operations        
Cost of revenues        
Cost of goods and services sold $ 6,912 $ 7,066 $ 19,555 $ 22,448