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Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenues        
Total operating revenues $ 30,350 $ 30,043 $ 90,406 $ 89,398
Cost of revenues        
Other cost of revenues (exclusive of depreciation and amortization shown separately below) 6,835 6,761 20,279 20,267
Selling, general and administrative 7,205 7,202 21,389 21,445
Asset impairments and abandonments and restructuring 604 114 604 745
Depreciation and amortization 4,705 4,514 14,011 13,426
Total operating expenses 24,568 24,031 72,216 72,893
Operating Income 5,782 6,012 18,190 16,505
Other Income (Expense)        
Interest expense (1,662) (1,420) (4,978) (4,548)
Equity in net income of affiliates 420 392 1,338 1,417
Other income (expense) — net 440 2,270 2,362 6,729
Total other income (expense) (802) 1,242 (1,278) 3,598
Income from Continuing Operations Before Income Taxes 4,980 7,254 16,912 20,103
Income tax expense on continuing operations 1,154 908 3,871 3,857
Income from Continuing Operations 3,826 6,346 13,041 16,246
Income (loss) from discontinued operations, net of tax 0 53 0 (146)
Net Income 3,826 6,399 13,041 16,100
Less: Net Income Attributable to Noncontrolling Interest (331) (373) (829) (1,107)
Net Income Attributable to AT&T 3,495 6,026 12,212 14,993
Less: Preferred Stock Dividends (51) (49) (155) (149)
Net Income Attributable to Common Stock $ 3,444 $ 5,977 $ 12,057 $ 14,844
Basic Earnings Per Share from continuing operations $ 0.48 $ 0.82 $ 1.67 $ 2.08
Basic Earnings (Loss) Per Share from discontinued operations 0 0.01 0 (0.02)
Basic Earnings Per Share Attributable to Common Stock (in dollars per share) 0.48 0.83 1.67 2.06
Diluted Earnings Per Share from continuing operations 0.48 0.79 1.67 2.03
Diluted Earnings (Loss) Per Share from discontinued operations 0 0.01 0 (0.02)
Diluted Earnings Per Share Attributable to Common Stock (in dollars per share) $ 0.48 $ 0.80 $ 1.67 $ 2.01
Weighted Average Number of Common Shares Outstanding - Basic (in millions) (in shares) 7,185 7,153 7,178 7,169
Weighted Average Number of Common Shares Outstanding - with Dilution (in millions) (in shares) 7,185 7,647 7,280 7,605
Service        
Operating Revenues        
Total operating revenues $ 25,112 $ 24,731 $ 74,579 $ 72,998
Equipment        
Operating Revenues        
Total operating revenues 5,238 5,312 15,827 16,400
Cost of revenues        
Cost of goods and services sold $ 5,219 $ 5,440 $ 15,933 $ 17,010