EX-99.2 3 t-4q2022exhibit992.htm EX-99.2 AT&T INC. SELECTED FINANCIAL STATEMENTS AND OPERATING DATA. Document

AT&T Inc.   
Financial Data   
Consolidated Statements of Income
Dollars in millions except per share amounts
UnauditedFourth QuarterPercentYear EndedPercent
20222021Change20222021Change
Operating Revenues
Service$24,833 $24,225 2.5 %$97,831 $111,565 (12.3)%
Equipment6,510 6,870 (5.2)%22,910 22,473 1.9 %
Total Operating Revenues31,343 31,095 0.8 %120,741 134,038 (9.9)%
Operating Expenses
Cost of revenues
Equipment6,999 7,443 (6.0)%24,009 23,685 1.4 %
Broadcast, programming and operations — — % 8,106 — %
Other cost of revenues (exclusive of
depreciation and amortization shown
separately below)
6,572 6,782 (3.1)%26,839 28,616 (6.2)%
Selling, general and administrative7,516 7,368 2.0 %28,961 29,669 (2.4)%
Asset impairments and abandonments
   and restructuring
26,753 108 — %27,498 213 — %
Depreciation and amortization4,595 4,500 2.1 %18,021 17,852 0.9 %
Total Operating Expenses52,435 26,201 — %125,328 108,141 15.9 %
Operating Income (Loss)(21,092)4,894 — %(4,587)25,897 — %
Interest Expense1,560 1,626 (4.1)%6,108 6,716 (9.1)%
Equity in Net Income of Affiliates374 444 (15.8)%1,791 603 — %
Other Income (Expense) — Net(919)2,429 — %5,810 9,387 (38.1)%
Income (Loss) from Continuing Operations
   Before Income Taxes
(23,197)6,141 — %(3,094)29,171 — %
Income tax expense (benefit) on continuing
   operations
(77)939 — %3,780 5,395 (29.9)%
Income (Loss) From Continuing Operations(23,120)5,202 — %(6,874)23,776 — %
Income (loss) from discontinued
   operations, net of tax
(35)188 — %(181)(2,297)92.1 %
Net Income (Loss)(23,155)5,390 — %(7,055)21,479 — %
Less: Net Income Attributable to
    Noncontrolling Interest
(362)(347)(4.3)%(1,469)(1,398)(5.1)%
Net Income (Loss) Attributable to AT&T$(23,517)$5,043 — %$(8,524)$20,081 — %
Less: Preferred Stock Dividends(54)(51)(5.9)%(203)(207)1.9 %
Net Income (Loss) Attributable to Common Stock$(23,571)$4,992 — %$(8,727)$19,874 — %
Basic Earnings (Loss) Per Share Attributable to
Common Stock
From continuing operations$(3.20)$0.67 — %$(1.10)$3.07 — %
From discontinued operations$ $0.02 — %$(0.03)$(0.30)90.0 %
$(3.20)$0.69 — %$(1.13)$2.77 — %
Weighted Average Common Shares
Outstanding (000,000)
7,157 7,172 (0.2)%7,166 7,168 — %
Diluted Earnings (Loss) Per Share Attributable to
Common Stock 1
From continuing operations$(3.20)$0.66 — %$(1.10)$3.02 — %
From discontinued operations$ $0.02 — %$(0.03)$(0.29)89.7 %
$(3.20)$0.68 — %$(1.13)$2.73 — %
Weighted Average Common Shares
Outstanding with Dilution (000,000) 1
7,533 7,541 (0.1)%7,587 7,503 1.1 %
1Reflects retrospective adoption of Accounting Standards Update (ASU) No. 2020-06
1


AT&T Inc.  
Financial Data  
Consolidated Balance Sheets
Dollars in millions
UnauditedDec. 31,Dec. 31,
20222021
Assets
Current Assets
Cash and cash equivalents$3,701 $19,223 
Accounts receivable – net of related allowance for credit loss of $588 and $65811,466 12,313 
Inventories3,123 3,325 
Prepaid and other current assets14,818 16,131 
Assets from discontinued operations 119,776 
Total current assets33,108 170,768 
Property, Plant and Equipment – Net127,445 121,649 
Goodwill – Net67,895 92,740 
Licenses – Net124,092 113,830 
Other Intangible Assets – Net5,354 5,391 
Investments in and Advances to Equity Affiliates3,533 6,168 
Operating Lease Right-Of-Use Assets21,814 21,824 
Other Assets19,612 19,252 
Total Assets$402,853 $551,622 
Liabilities and Stockholders’ Equity
Current Liabilities
Debt maturing within one year$7,467 $24,620 
Note payable to DIRECTV130 1,245 
Accounts payable and accrued liabilities42,644 39,095 
Advanced billings and customer deposits3,918 3,966 
Dividends payable2,014 3,749 
Liabilities from discontinued operations  33,555 
Total current liabilities56,173 106,230 
Long-Term Debt128,423 151,011 
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes57,032 53,767 
Postemployment benefit obligation7,260 12,560 
Operating lease liabilities18,659 18,956 
Other noncurrent liabilities28,849 25,243 
Total deferred credits and other noncurrent liabilities111,800 110,526 
Stockholders’ Equity
Preferred stock — 
Common stock7,621 7,621 
Additional paid-in capital123,610 130,112 
Retained (deficit) earnings(19,415)42,350 
Treasury stock(17,082)(17,280)
Accumulated other comprehensive income2,766 3,529 
Noncontrolling interest8,957 17,523 
Total stockholders’ equity106,457 183,855 
Total Liabilities and Stockholders’ Equity$402,853 $551,622 
2


AT&T Inc.  
Financial Data  
Consolidated Statements of Cash Flows
Dollars in millions
UnauditedYear Ended
20222021
Operating Activities
Income (loss) from continuing operations$(6,874)$23,776 
Adjustments to reconcile income (loss) from continuing operations to net cash provided by
    operating activities from continuing operations:
Depreciation and amortization18,021 17,852 
Provision for uncollectible accounts1,865 1,241 
Deferred income tax expense2,975 7,412 
Net (gain) loss on investments, net of impairments381 (369)
Pension and postretirement benefit expense (credit)(3,237)(3,857)
Actuarial (gain) loss on pension and postretirement benefits(1,999)(4,143)
Asset impairments and abandonments and restructuring27,498 213 
Changes in operating assets and liabilities:
Receivables727 (1,125)
Other current assets(674)(1,288)
Accounts payable and other accrued liabilities(1,109)(1,570)
Equipment installment receivables and related sales154 (271)
Deferred customer contract acquisition and fulfillment costs(947)18 
Postretirement claims and contributions(823)(822)
Other - net(146)103 
Total adjustments42,686 13,394 
Net Cash Provided by Operating Activities from Continuing Operations35,812 37,170 
Investing Activities
Capital expenditures(19,626)(15,545)
Acquisitions, net of cash acquired(10,200)(25,453)
Dispositions199 7,136 
Distributions from DIRECTV in excess of cumulative equity in earnings2,649 1,323 
Other - net79 50 
Net Cash Used in Investing Activities from Continuing Operations(26,899)(32,489)
Financing Activities
Net change in short-term borrowings with original maturities of three months or less(519)1,316 
Issuance of other short-term borrowings3,955 21,856 
Repayment of other short-term borrowings(18,345)(7,510)
Issuance of long-term debt2,979 9,931 
Repayment of long-term debt(25,118)(3,039)
Note payable to DIRECTV, net of payments(1,211)1,341 
Payment of vendor financing(4,697)(4,596)
Purchase of treasury stock(890)(202)
Issuance of treasury stock28 96 
Redemption of preferred interest in subsidiaries(2,665)— 
Dividends paid(9,859)(15,068)
Other - net(3,222)(2,231)
Net Cash (Used in) Provided by Financing Activities from Continuing Operations(59,564)1,894 
Net (decrease) increase in cash and cash equivalents and restricted cash from
    continuing operations
(50,651)6,575 
Cash flows from Discontinued Operations:
Cash (used in) provided by operating activities(3,789)4,788 
Cash provided by (used in) investing activities1,094 399 
Cash provided by (used in) financing activities35,823 (316)
Net increase (decrease) in cash and cash equivalents and restricted cash from discontinued operations33,128 4,871 
Net (decrease) increase in cash and cash equivalents and restricted cash$(17,523)$11,446 
Cash and cash equivalents and restricted cash beginning of year21,316 9,870 
Cash and Cash Equivalents and Restricted Cash End of Year$3,793 $21,316 
3


AT&T Inc.
Consolidated Supplementary Data
Supplementary Financial Data
Dollars in millions except per share amounts
UnauditedFourth QuarterPercentYear EndedPercent
20222021Change20222021Change
Capital expenditures
Purchase of property and equipment$4,179 $3,453 21.0 %$19,452 $15,372 26.5 %
Interest during construction50 41 22.0 %174 173 0.6 %
Total Capital Expenditures$4,229 $3,494 21.0 %$19,626 $15,545 26.3 %
Acquisitions, net of cash acquired
Business acquisitions$ $— — %$ $— — %
Spectrum acquisitions4 1,655 — %9,080 24,672 (63.2)%
Interest during construction - spectrum237 265 (10.6)%1,120 781 43.4 %
Total Acquisitions$241 $1,920 (87.4)%$10,200 $25,453 (59.9)%
Cash paid for interest - continuing operations$1,791 $1,554 15.3 %$7,772 $7,485 3.8 %
Cash paid for income taxes, net of refunds -
   continuing operations1
$192 $36 — %$592 $251 — %
Dividends Declared per Common Share$0.2775 $0.52 (46.6)%$1.11 $2.08 (46.6)%
End of Period Common Shares Outstanding (000,000)7,128 7,141 (0.2)%
Debt Ratio56.1 %48.9 %720  BP
Total Employees162,920 172,880 (5.8)%
1 Total cash income taxes paid, net of refunds, by AT&T for the quarters ended December 31, 2022 and 2021 were $192 and $162, and $696 and $700 for the years ended December 31, 2022 and 2021.

4


COMMUNICATIONS SEGMENT

The Communications segment provides wireless and wireline telecom and broadband services to consumers located in the U.S. and businesses globally. The Communications segment contains three reporting units: Mobility, Business Wireline, and Consumer Wireline.

Results have been recast to refine the allocation of shared infrastructure costs between the Communications segment and Corporate and Other.
Segment Results
Dollars in millions
UnauditedFourth QuarterPercentYear EndedPercent
20222021Change20222021Change
Segment Operating Revenues
Mobility$21,501 $21,146 1.7 %$81,780 $78,254 4.5 %
Business Wireline5,635 5,901 (4.5)%22,538 23,937 (5.8)%
Consumer Wireline3,229 3,159 2.2 %12,749 12,539 1.7 %
Total Segment Operating Revenues30,365 30,206 0.5 %117,067 114,730 2.0 %
Segment Operating Income
Mobility6,044 5,332 13.4 %24,528 23,370 5.0 %
Business Wireline801 876 (8.6)%3,252 4,027 (19.2)%
Consumer Wireline376 202 86.1 %1,327 996 33.2 %
Total Segment Operating Income$7,221 $6,410 12.7 %$29,107 $28,393 2.5 %

Supplementary Operating Data
Subscribers and connections in thousands
UnauditedDecember 31,Percent
20222021Change
Broadband Connections
Broadband15,075 15,074 — %
DSL311 430 (27.7)%
Total Broadband Connections15,386 15,504 (0.8)%
Voice Connections
Retail Consumer Switched Access Lines5,213 6,177 (15.6)%
U-verse Consumer VoIP Connections2,930 3,333 (12.1)%
Total Retail Consumer Voice Connections8,143 9,510 (14.4)%
Fourth QuarterPercentYear EndedPercent
20222021Change20222021Change
Broadband Net Additions
Broadband(37)24 — %1 256 — %
DSL(29)(30)3.3 %(119)(136)12.5 %
Total Broadband Net Additions(66)(6)— %(118)120 — %

5


Mobility

Mobility provides nationwide wireless service and equipment.
Mobility Results
Dollars in millions
UnauditedFourth QuarterPercentYear EndedPercent
20222021Change20222021Change
Operating Revenues
Service$15,434 $14,669 5.2 %$60,499 $57,590 5.1 %
Equipment6,067 6,477 (6.3)%21,281 20,664 3.0 %
Total Operating Revenues21,501 21,146 1.7 %81,780 78,254 4.5 %
Operating Expenses
Operations and support13,377 13,764 (2.8)%49,054 46,762 4.9 %
Depreciation and amortization2,080 2,050 1.5 %8,198 8,122 0.9 %
Total Operating Expenses15,457 15,814 (2.3)%57,252 54,884 4.3 %
Operating Income$6,044 $5,332 13.4 %$24,528 $23,370 5.0 %
Operating Income Margin28.1 %25.2 %290  BP30.0 %29.9 %10  BP
Supplementary Operating Data
Subscribers and connections in thousands
UnauditedDecember 31,Percent
20222021Change
Mobility Subscribers
Postpaid84,700 81,534 3.9 %
Postpaid phone69,596 67,260 3.5 %
Prepaid19,176 19,028 0.8 %
Reseller6,043 6,113 (1.1)%
Connected Devices107,478 95,116 13.0 %
Total Mobility Subscribers1
217,397 201,791 7.7 %
1Wireless subscribers at December 31, 2022 excludes the impact of 10,537 subscriber and connected device disconnections resulting from our 3G network shutdown in February 2022. Postpaid disconnections were 897, including 438 phone, 234 prepaid, 749 reseller subscribers, and 8,657 connected devices. The fourth quarter includes an adjustment of 360 subscribers, primarily connected devices.
Fourth QuarterPercentYear EndedPercent
20222021Change20222021Change
Mobility Net Additions
Postpaid Phone Net Additions656 884 (25.8)%2,868 3,196 (10.3)%
Total Phone Net Additions643 908 (29.2)%3,272 3,850 (15.0)%
Postpaid1,104 1,285 (14.1)%4,091 4,482 (8.7)%
Prepaid(9)29 — %479 956 (49.9)%
Reseller150 (177)— %462 (534)— %
Connected Devices5,118 4,134 23.8 %20,594 14,328 43.7 %
Total Mobility Net Additions6,363 5,271 20.7 %25,626 19,232 33.2 %
Postpaid Churn1.01 %1.02 %(1)BP0.97 %0.94 %3 BP
Postpaid Phone-Only Churn0.84 %0.85 %(1)BP0.81 %0.76 %5 BP





6


Business Wireline

Business Wireline provides advanced ethernet-based fiber services, IP Voice and managed professional serivices as well as traditional data services and related equipment to business customers.
Business Wireline Results
Dollars in millions
UnauditedFourth QuarterPercentYear EndedPercent
20222021Change20222021Change
Operating Revenues
Service$5,473 $5,727 (4.4)%$21,891 $23,224 (5.7)%
Equipment162 174 (6.9)%647 713 (9.3)%
Total Operating Revenues5,635 5,901 (4.5)%22,538 23,937 (5.8)%
Operating Expenses
Operations and support3,474 3,708 (6.3)%13,972 14,718 (5.1)%
Depreciation and amortization1,360 1,317 3.3 %5,314 5,192 2.3 %
Total Operating Expenses4,834 5,025 (3.8)%19,286 19,910 (3.1)%
Operating Income$801 $876 (8.6)%$3,252 $4,027 (19.2)%
Operating Income Margin14.2 %14.8 %(60) BP14.4 %16.8 %(240) BP
7


Consumer Wireline

Consumer Wireline provides internet, including fiber connections that provide multi-gig services to residential customers in select locations. Consumer Wireline also provides legacy telephony voice communication services.
Consumer Wireline Results
Dollars in millions
UnauditedFourth QuarterPercentYear EndedPercent
20222021Change20222021Change
Operating Revenues
Broadband$2,492 $2,324 7.2 %$9,669 $9,085 6.4 %
Legacy voice and data services414 470 (11.9)%1,746 1,977 (11.7)%
Other service and equipment323 365 (11.5)%1,334 1,477 (9.7)%
Total Operating Revenues3,229 3,159 2.2 %12,749 12,539 1.7 %
Operating Expenses
Operations and support2,035 2,168 (6.1)%8,253 8,448 (2.3)%
Depreciation and amortization818 789 3.7 %3,169 3,095 2.4 %
Total Operating Expenses2,853 2,957 (3.5)%11,422 11,543 (1.0)%
Operating Income$376 $202 86.1 %$1,327 $996 33.2 %
Operating Income Margin11.6 %6.4 %520  BP10.4 %7.9 %250  BP
    
Supplementary Operating Data
Subscribers and connections in thousands
UnauditedDecember 31,Percent
20222021Change
Broadband Connections
Total Broadband and DSL Connections13,991 14,160 (1.2)%
Broadband13,753 13,845 (0.7)%
Fiber Broadband Connections7,215 5,992 20.4 %
Voice Connections
Retail Consumer Switched Access Lines2,028 2,423 (16.3)%
U-verse Consumer VoIP Connections2,311 2,736 (15.5)%
Total Retail Consumer Voice Connections4,339 5,159 (15.9)%
Fourth QuarterPercentYear EndedPercent
20222021Change20222021Change
Broadband Net Additions
Total Broadband and DSL Net Additions(64)(20)— %(169)60 — %
Broadband Net Additions(43)(1)— %(92)152 — %
     Fiber Broadband Net Additions280 271 3.3 %1,223 1,041 17.5 %
8


Business Solutions

As a supplemental presentation to our Communications segment operating results, we are providing a view of our AT&T Business Solutions results which includes both wireless and fixed operations. This combined view presents a complete profile of the entire business customer relationship and underscores the importance of mobile solutions to serving our business customers.
Business Solutions Results
Dollars in millions
UnauditedFourth QuarterPercentYear EndedPercent
20222021Change20222021Change
Operating Revenues
Wireless service$2,258 $2,108 7.1 %$8,789 $8,161 7.7 %
Wireline service5,473 5,727 (4.4)%21,891 23,224 (5.7)%
Wireless equipment937 1,030 (9.0)%3,569 3,414 4.5 %
Wireline equipment162 174 (6.9)%647 713 (9.3)%
Total Operating Revenues8,830 9,039 (2.3)%34,896 35,512 (1.7)%
Operating Expenses
Operations and support5,656 6,035 (6.3)%22,479 22,778 (1.3)%
Depreciation and amortization1,724 1,667 3.4 %6,749 6,570 2.7 %
Total Operating Expenses7,380 7,702 (4.2)%29,228 29,348 (0.4)%
Operating Income$1,450 $1,337 8.5 %$5,668 $6,164 (8.0)%
Operating Income Margin16.4 %14.8 %160  BP16.2 %17.4 %(120) BP

9


LATIN AMERICA SEGMENT

The segment provides wireless services and equipment to customers in Mexico.
Segment Results
Dollars in millions  
UnauditedFourth QuarterPercentYear EndedPercent
 20222021Change20222021Change
Operating Revenues    
Wireless service$579 $485 19.4 %$2,162 $1,834 17.9 %
Wireless equipment282 219 28.8 %982 913 7.6 %
Total Operating Revenues861 704 22.3 %3,144 2,747 14.5 %
Operating Expenses
Operations and support776 668 16.2 %2,812 2,652 6.0 %
Depreciation and amortization164 153 7.2 %658 605 8.8 %
Total Operating Expenses940 821 14.5 %3,470 3,257 6.5 %
Operating Income (Loss)$(79)$(117)32.5 %$(326)$(510)36.1 %
Operating Income Margin(9.2)%(16.6)%740  BP(10.4)%(18.6)%820  BP
Supplementary Operating Data
Subscribers and connections in thousands  
UnauditedDecember 31,Percent
 20222021Change
Mexico Wireless Subscribers
Postpaid4,925 4,807 2.5 %
Prepaid16,204 15,057 7.6 %
Reseller474 498 (4.8)%
Total Mexico Wireless Subscribers21,603 20,362 6.1 %
 Fourth QuarterPercentYear EndedPercent
 20222021Change20222021Change
Mexico Wireless Net Additions
Postpaid71 26 — %118 111 6.3 %
Prepaid515 858 (40.0)%1,147 1,299 (11.7)%
Reseller19 — %(24)— %
Total Mexico Wireless Net Additions605 889 (31.9)%1,241 1,419 (12.5)%
10


SUPPLEMENTAL SEGMENT RECONCILIATION
Three Months Ended
Dollars in millions
Unaudited
December 31, 2022
RevenuesOperations
and Support
Expenses
EBITDADepreciation
and
Amortization
Operating
Income (Loss)
Communications
Mobility$21,501 $13,377 $8,124 $2,080 $6,044 
Business Wireline5,635 3,474 2,161 1,360 801 
Consumer Wireline3,229 2,035 1,194 818 376 
Total Communications30,365 18,886 11,479 4,258 7,221 
Latin America - Mexico861 776 85 164 (79)
Segment Total31,226 19,662 11,564 4,422 7,142 
Corporate and Other
Corporate:
DTV-related retained costs 205 (205)141 (346)
Parent administration support(8)326 (334)4 (338)
Securitization fees17 156 (139) (139)
Value portfolio108 33 75 12 63 
Total Corporate117 720 (603)157 (760)
Reclassification of prior service credits 730 (730) (730)
Merger & Significant Items 26,728 (26,728)16 (26,744)
Total Corporate and Other117 28,178 (28,061)173 (28,234)
AT&T Inc.$31,343 $47,840 $(16,497)$4,595 $(21,092)
11


Three Months Ended
Dollars in millions
Unaudited
December 31, 2021
RevenuesOperations and Support ExpensesEBITDADepreciation and AmortizationOperating Income (Loss)
Communications
Mobility$21,146 $13,764 $7,382 $2,050 $5,332 
Business Wireline5,901 3,708 2,193 1,317 876 
Consumer Wireline3,159 2,168 991 789 202 
Total Communications30,206 19,640 10,566 4,156 6,410 
Latin America - Mexico704 668 36 153 (117)
Segment Total30,910 20,308 10,602 4,309 6,293 
Corporate and Other
Corporate:
DTV-related retained costs29 174 (145)144 (289)
Parent administration support(6)376 (382)(391)
Securitization fees17 36 (19)— (19)
Value portfolio145 47 98 10 88 
Total Corporate185 633 (448)163 (611)
Held-for-sale and other reclassifications— (4)— (4)
Reclassification of prior service credits— 669 (669)— (669)
Merger & Significant Items— 87 (87)28 (115)
Total Corporate and Other185 1,393 (1,208)191 (1,399)
AT&T Inc.$31,095 $21,701 $9,394 $4,500 $4,894 

12


SUPPLEMENTAL SEGMENT RECONCILIATION
Year Ended
Dollars in millions
Unaudited
December 31, 2022
RevenuesOperations
and Support
Expenses
EBITDADepreciation
and
Amortization
Operating
Income (Loss)
Communications
Mobility$81,780 $49,054 $32,726 $8,198 $24,528 
Business Wireline22,538 13,972 8,566 5,314 3,252 
Consumer Wireline12,749 8,253 4,496 3,169 1,327 
Total Communications117,067 71,279 45,788 16,681 29,107 
Latin America - Mexico3,144 2,812 332 658 (326)
Segment Total120,211 74,091 46,120 17,339 28,781 
Corporate and Other
Corporate:
DTV-related retained costs8 737 (729)549 (1,278)
Parent administration support(32)1,199 (1,231)16 (1,247)
Securitization fees65 419 (354) (354)
Value portfolio489 139 350 41 309 
Total Corporate530 2,494 (1,964)606 (2,570)
Reclassification of prior service credits 2,691 (2,691) (2,691)
Merger & Significant Items 28,031 (28,031)76 (28,107)
Total Corporate and Other530 33,216 (32,686)682 (33,368)
AT&T Inc.$120,741 $107,307 $13,434 $18,021 $(4,587)
13


Year Ended
Dollars in millions
Unaudited
December 31, 2021
RevenuesOperations and Support ExpensesEBITDADepreciation and AmortizationOperating Income (Loss)
Communications
Mobility$78,254 $46,762 $31,492 $8,122 $23,370 
Business Wireline23,937 14,718 9,219 5,192 4,027 
Consumer Wireline12,539 8,448 4,091 3,095 996 
Total Communications114,730 69,928 44,802 16,409 28,393 
Latin America - Mexico2,747 2,652 95 605 (510)
Segment Total117,477 72,580 44,897 17,014 27,883 
Corporate and Other
Corporate:
DTV-related retained costs49 243 (194)236 (430)
Parent administration support(18)1,523 (1,541)36 (1,577)
Securitization fees61 89 (28)— (28)
Value portfolio639 208 431 40 391 
Total Corporate731 2,063 (1,332)312 (1,644)
Video15,513 12,666 2,847 356 2,491 
Held-for-sale and other reclassifications453 310 143 — 143 
Reclassification of prior service credits— 2,680 (2,680)— (2,680)
Merger & Significant Items— 126 (126)170 (296)
Eliminations and consolidations(136)(136)— — — 
Total Corporate and Other16,561 17,709 (1,148)838 (1,986)
AT&T Inc.$134,038 $90,289 $43,749 $17,852 $25,897 

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