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Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues        
Total operating revenues $ 30,043 $ 31,326 $ 89,398 $ 102,943
Cost of revenues        
Other cost of revenues (exclusive of depreciation and amortization shown separately below) 6,761 6,915 20,267 21,834
Selling, general and administrative 7,202 7,094 21,445 22,301
Asset impairments and abandonments and restructuring 114 105 745 105
Depreciation and amortization 4,514 4,457 13,426 13,352
Total operating expenses 24,031 25,089 72,893 81,940
Operating Income 6,012 6,237 16,505 21,003
Other Income (Expense)        
Interest expense (1,420) (1,627) (4,548) (5,090)
Equity in net income (loss) of affiliates 392 183 1,417 159
Other income (expense) — net 2,270 1,522 6,729 6,958
Total other income (expense) 1,242 78 3,598 2,027
Income from Continuing Operations Before Income Taxes 7,254 6,315 20,103 23,030
Income tax expense on continuing operations 908 1,296 3,857 4,456
Income from Continuing Operations 6,346 5,019 16,246 18,574
Income (loss) from discontinued operations, net of tax 53 1,254 (146) (2,485)
Net Income 6,399 6,273 16,100 16,089
Less: Net Income Attributable to Noncontrolling Interest (373) (355) (1,107) (1,051)
Net Income Attributable to AT&T 6,026 5,918 14,993 15,038
Less: Preferred Stock Dividends (49) (50) (149) (156)
Net Income Attributable to Common Stock $ 5,977 $ 5,868 $ 14,844 $ 14,882
Basic Earnings Per Share from continuing operations $ 0.82 $ 0.64 $ 2.08 $ 2.40
Basic Earnings Per Share from discontinued operations 0.01 0.18 (0.02) (0.33)
Basic Earnings Per Share Attributable to Common Stock (in dollars per share) 0.83 0.82 2.06 2.07
Diluted Earnings Per Share from continuing operations 0.79 0.63 2.03 2.37
Diluted Earnings Per Share from discontinued operations 0.01 0.17 (0.02) (0.33)
Diluted Earnings Per Share Attributable to Common Stock (in dollars per share) $ 0.80 $ 0.80 $ 2.01 $ 2.04
Weighted Average Number of Common Shares Outstanding - Basic (in millions) (in shares) 7,153 7,171 7,169 7,167
Weighted Average Number of Common Shares Outstanding - with Dilution (in millions) (in shares) 7,647 7,506 7,605 7,491
Service        
Operating Revenues        
Total operating revenues $ 24,731 $ 26,247 $ 72,998 $ 87,340
Equipment        
Operating Revenues        
Total operating revenues 5,312 5,079 16,400 15,603
Cost of revenues        
Cost of goods and services sold 5,440 5,401 17,010 16,242
Broadcast, programming and operations        
Cost of revenues        
Cost of goods and services sold $ 0 $ 1,117 $ 0 $ 8,106