| AT&T Inc. | ||||||||||||||||||||
| Financial Data | ||||||||||||||||||||
| Consolidated Statements of Income | ||||||||||||||||||||
| Dollars in millions except per share amounts | ||||||||||||||||||||
| Unaudited | Second Quarter | Percent | Six-Month Period | Percent | ||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | |||||||||||||||
| Operating Revenues | ||||||||||||||||||||
| Service | $ | 25,292 | $ | 25,006 | 1.1 | % | $ | 50,430 | $ | 49,848 | 1.2 | % | ||||||||
| Equipment | 5,555 | 4,791 | 15.9 | % | 11,043 | 9,977 | 10.7 | % | ||||||||||||
| Total Operating Revenues | 30,847 | 29,797 | 3.5 | % | 61,473 | 59,825 | 2.8 | % | ||||||||||||
| Operating Expenses | ||||||||||||||||||||
| Cost of revenues | ||||||||||||||||||||
| Equipment | 5,738 | 4,815 | 19.2 | % | 11,432 | 9,958 | 14.8 | % | ||||||||||||
Other cost of revenues (exclusive of depreciation and amortization shown separately below) | 6,412 | 6,627 | (3.2) | % | 12,751 | 13,438 | (5.1) | % | ||||||||||||
| Selling, general and administrative | 6,945 | 7,043 | (1.4) | % | 14,090 | 14,064 | 0.2 | % | ||||||||||||
| Asset impairments and abandonments and restructuring | — | 480 | — | % | 504 | 639 | (21.1) | % | ||||||||||||
| Depreciation and amortization | 5,251 | 5,072 | 3.5 | % | 10,441 | 10,119 | 3.2 | % | ||||||||||||
| Total Operating Expenses | 24,346 | 24,037 | 1.3 | % | 49,218 | 48,218 | 2.1 | % | ||||||||||||
| Operating Income | 6,501 | 5,760 | 12.9 | % | 12,255 | 11,607 | 5.6 | % | ||||||||||||
| Interest Expense | 1,655 | 1,699 | (2.6) | % | 3,313 | 3,423 | (3.2) | % | ||||||||||||
| Equity in Net Income of Affiliates | 485 | 348 | 39.4 | % | 1,925 | 643 | — | % | ||||||||||||
| Other Income (Expense) — Net | 767 | 682 | 12.5 | % | 1,222 | 1,133 | 7.9 | % | ||||||||||||
| Income Before Income Taxes | 6,098 | 5,091 | 19.8 | % | 12,089 | 9,960 | 21.4 | % | ||||||||||||
| Income Tax Expense | 1,237 | 1,142 | 8.3 | % | 2,536 | 2,260 | 12.2 | % | ||||||||||||
| Net Income | 4,861 | 3,949 | 23.1 | % | 9,553 | 7,700 | 24.1 | % | ||||||||||||
| Net Income Attributable to Noncontrolling Interest | (361) | (352) | (2.6) | % | (702) | (658) | (6.7) | % | ||||||||||||
| Net Income Attributable to AT&T | $ | 4,500 | $ | 3,597 | 25.1 | % | $ | 8,851 | $ | 7,042 | 25.7 | % | ||||||||
| Preferred Stock Dividends and Redemption Gain | (36) | (51) | 29.4 | % | 8 | (101) | — | % | ||||||||||||
| Net Income Attributable to Common Stock | $ | 4,464 | $ | 3,546 | 25.9 | % | $ | 8,859 | $ | 6,941 | 27.6 | % | ||||||||
Basic Earnings Per Share Attributable to Common Stock | $ | 0.62 | $ | 0.49 | 26.5 | % | $ | 1.22 | $ | 0.96 | 27.1 | % | ||||||||
Weighted Average Common Shares Outstanding (000,000) | 7,209 | 7,196 | 0.2 | % | 7,211 | 7,194 | 0.2 | % | ||||||||||||
Diluted Earnings Per Share Attributable to Common Stock | $ | 0.62 | $ | 0.49 | 26.5 | % | $ | 1.22 | $ | 0.96 | 27.1 | % | ||||||||
Weighted Average Common Shares Outstanding with Dilution (000,000) | 7,219 | 7,198 | 0.3 | % | 7,221 | 7,195 | 0.4 | % | ||||||||||||
| AT&T Inc. | |||||||||||
| Financial Data | |||||||||||
| Consolidated Balance Sheets | |||||||||||
| Dollars in millions | |||||||||||
| Jun. 30, | Dec. 31, | ||||||||||
| 2025 | 2024 | ||||||||||
| Assets | (Unaudited) | ||||||||||
| Current Assets | |||||||||||
| Cash and cash equivalents | $ | 10,499 | $ | 3,298 | |||||||
| Accounts receivable – net of related allowances for credit loss of $392 and $375 | 8,844 | 9,638 | |||||||||
| Inventories | 2,357 | 2,270 | |||||||||
| Prepaid and other current assets | 17,606 | 15,962 | |||||||||
| Total current assets | 39,306 | 31,168 | |||||||||
| Property, Plant and Equipment – Net | 129,094 | 128,871 | |||||||||
| Goodwill – Net | 63,432 | 63,432 | |||||||||
| Licenses – Net | 127,543 | 127,035 | |||||||||
| Other Intangible Assets – Net | 5,255 | 5,255 | |||||||||
| Investments in and Advances to Equity Affiliates | 1,011 | 295 | |||||||||
| Operating Lease Right-Of-Use Assets | 21,494 | 20,909 | |||||||||
| Other Assets | 18,356 | 17,830 | |||||||||
| Total Assets | $ | 405,491 | $ | 394,795 | |||||||
| Liabilities and Stockholders’ Equity | |||||||||||
| Current Liabilities | |||||||||||
| Debt maturing within one year | $ | 9,254 | $ | 5,089 | |||||||
| Accounts payable and accrued liabilities | 33,289 | 35,657 | |||||||||
| Advanced billings and customer deposits | 3,999 | 4,099 | |||||||||
| Dividends payable | 2,023 | 2,027 | |||||||||
| Total current liabilities | 48,565 | 46,872 | |||||||||
| Long-Term Debt | 123,057 | 118,443 | |||||||||
| Deferred Credits and Other Noncurrent Liabilities | |||||||||||
| Noncurrent deferred tax liabilities | 59,786 | 58,939 | |||||||||
| Postemployment benefit obligation | 9,079 | 9,025 | |||||||||
| Operating lease liabilities | 17,762 | 17,391 | |||||||||
| Other noncurrent liabilities | 23,865 | 23,900 | |||||||||
| Total deferred credits and other noncurrent liabilities | 110,492 | 109,255 | |||||||||
| Redeemable Noncontrolling Interest | 1,983 | 1,980 | |||||||||
| Stockholders’ Equity | |||||||||||
| Preferred stock | — | — | |||||||||
| Common stock | 7,621 | 7,621 | |||||||||
| Additional paid-in capital | 106,381 | 109,108 | |||||||||
| Retained earnings | 6,680 | 1,871 | |||||||||
| Treasury stock | (15,210) | (15,023) | |||||||||
| Accumulated other comprehensive income (loss) | (200) | 795 | |||||||||
| Noncontrolling interest | 16,122 | 13,873 | |||||||||
| Total stockholders’ equity | 121,394 | 118,245 | |||||||||
| Total Liabilities and Stockholders’ Equity | $ | 405,491 | $ | 394,795 | |||||||
| AT&T Inc. | |||||||||||
| Financial Data | |||||||||||
| Consolidated Statements of Cash Flows | |||||||||||
| Dollars in millions | |||||||||||
| Unaudited | Six-Month Period | ||||||||||
| 2025 | 2024 | ||||||||||
| Operating Activities | |||||||||||
| Net income | $ | 9,553 | $ | 7,700 | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation and amortization | 10,441 | 10,119 | |||||||||
| Provision for uncollectible accounts | 1,037 | 942 | |||||||||
| Asset impairments and abandonments and restructuring | 504 | 639 | |||||||||
| Pension and postretirement benefit expense (credit) | (794) | (941) | |||||||||
| Net (gain) loss on investments | (31) | 185 | |||||||||
| Changes in operating assets and liabilities: | |||||||||||
| Receivables | (247) | 130 | |||||||||
| Equipment installment receivables and related sales | 1,115 | (320) | |||||||||
| Contract asset and cost deferral | (299) | 321 | |||||||||
| Inventories, prepaid and other current assets | (317) | 419 | |||||||||
| Accounts payable and other accrued liabilities | (4,440) | (4,761) | |||||||||
| Changes in income taxes | 1,663 | 1,976 | |||||||||
| Postretirement claims and contributions | (103) | (93) | |||||||||
| Other - net | 730 | 324 | |||||||||
| Total adjustments | 9,259 | 8,940 | |||||||||
| Net Cash Provided by Operating Activities | 18,812 | 16,640 | |||||||||
| Investing Activities | |||||||||||
| Capital expenditures | (9,174) | (8,118) | |||||||||
| Acquisitions, net of cash acquired | (48) | (270) | |||||||||
| Dispositions | 40 | 14 | |||||||||
| Distributions from DIRECTV in excess of cumulative equity in earnings | — | 586 | |||||||||
| (Purchases), sales and settlements of securities and investments - net | (1,084) | 1,147 | |||||||||
| Other - net | (778) | (336) | |||||||||
| Net Cash Used in Investing Activities | (11,044) | (6,977) | |||||||||
| Financing Activities | |||||||||||
| Net change in short-term borrowings with original maturities of three months or less | — | 2,686 | |||||||||
| Issuance of other short-term borrowings | — | 491 | |||||||||
| Repayment of other short-term borrowings | — | (2,487) | |||||||||
| Issuance of long-term debt | 6,429 | 2 | |||||||||
| Repayment of long-term debt | (1,620) | (6,910) | |||||||||
| Payment of vendor financing | (423) | (1,391) | |||||||||
| Redemption of preferred stock | (2,075) | — | |||||||||
| Purchase of treasury stock | (1,179) | (159) | |||||||||
| Issuance of treasury stock | 17 | — | |||||||||
| Issuance of preferred interests in subsidiary | 2,221 | — | |||||||||
| Dividends paid | (4,135) | (4,133) | |||||||||
| Other - net | 167 | (1,392) | |||||||||
| Net Cash Used in Financing Activities | (598) | (13,293) | |||||||||
| Net increase (decrease) in cash and cash equivalents and restricted cash | 7,170 | (3,630) | |||||||||
| Cash and cash equivalents and restricted cash beginning of year | 3,406 | 6,833 | |||||||||
| Cash and Cash Equivalents and Restricted Cash End of Period | $ | 10,576 | $ | 3,203 | |||||||
| AT&T Inc. | ||||||||||||||||||||
| Consolidated Supplementary Data | ||||||||||||||||||||
| Supplementary Financial Data | ||||||||||||||||||||
| Dollars in millions except per share amounts | ||||||||||||||||||||
| Unaudited | Second Quarter | Percent | Six-Month Period | Percent | ||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | |||||||||||||||
| Capital expenditures | ||||||||||||||||||||
| Purchase of property and equipment | $ | 4,857 | $ | 4,321 | 12.4 | % | $ | 9,097 | $ | 8,042 | 13.1 | % | ||||||||
| Interest during construction | 40 | 39 | 2.6 | % | 77 | 76 | 1.3 | % | ||||||||||||
| Total Capital Expenditures | $ | 4,897 | $ | 4,360 | 12.3 | % | $ | 9,174 | $ | 8,118 | 13.0 | % | ||||||||
| Acquisitions, net of cash acquired | ||||||||||||||||||||
| Business acquisitions | $ | — | $ | — | — | % | $ | — | $ | — | — | % | ||||||||
| Spectrum acquisitions | 13 | 2 | — | % | 14 | 147 | (90.5) | % | ||||||||||||
| Interest during construction - spectrum | 15 | 57 | (73.7) | % | 34 | 123 | (72.4) | % | ||||||||||||
| Total Acquisitions | $ | 28 | $ | 59 | (52.5) | % | $ | 48 | $ | 270 | (82.2) | % | ||||||||
| Cash paid for interest | $ | 1,512 | $ | 1,567 | (3.5) | % | $ | 3,316 | $ | 3,644 | (9.0) | % | ||||||||
| Cash paid for income taxes, net of (refunds) | $ | 869 | $ | 308 | — | % | $ | 880 | $ | 299 | — | % | ||||||||
| Dividends Declared per Common Share | $ | 0.2775 | $ | 0.2775 | — | % | $ | 0.5550 | $ | 0.5550 | — | % | ||||||||
| End of Period Common Shares Outstanding (000,000) | 7,161 | 7,170 | (0.1) | % | ||||||||||||||||
| Debt Ratio | 51.7 | % | 51.8 | % | (10) | BP | ||||||||||||||
| Total Employees | 137,550 | 146,040 | (5.8) | % | ||||||||||||||||
| Segment Results | ||||||||||||||||||||
| Dollars in millions | ||||||||||||||||||||
| Unaudited | Second Quarter | Percent | Six-Month Period | Percent | ||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | |||||||||||||||
| Segment Operating Revenues | ||||||||||||||||||||
| Mobility | $ | 21,845 | $ | 20,480 | 6.7 | % | $ | 43,415 | $ | 41,074 | 5.7 | % | ||||||||
| Business Wireline | 4,313 | 4,755 | (9.3) | % | 8,781 | 9,668 | (9.2) | % | ||||||||||||
| Consumer Wireline | 3,541 | 3,347 | 5.8 | % | 7,063 | 6,697 | 5.5 | % | ||||||||||||
| Total Segment Operating Revenues | 29,699 | 28,582 | 3.9 | % | 59,259 | 57,439 | 3.2 | % | ||||||||||||
| Segment Operating Income (Loss) | ||||||||||||||||||||
| Mobility | 6,931 | 6,719 | 3.2 | % | 13,671 | 13,187 | 3.7 | % | ||||||||||||
| Business Wireline | (201) | 102 | — | % | (299) | 166 | — | % | ||||||||||||
| Consumer Wireline | 335 | 184 | 82.1 | % | 684 | 397 | 72.3 | % | ||||||||||||
| Total Segment Operating Income | $ | 7,065 | $ | 7,005 | 0.9 | % | $ | 14,056 | $ | 13,750 | 2.2 | % | ||||||||
| Operating Income Margin | 23.8 | % | 24.5 | % | (70) | BP | 23.7 | % | 23.9 | % | (20) | BP | ||||||||
| Mobility Results | ||||||||||||||||||||
| Dollars in millions | ||||||||||||||||||||
| Unaudited | Second Quarter | Percent | Six-Month Period | Percent | ||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | |||||||||||||||
| Operating Revenues | ||||||||||||||||||||
| Service | $ | 16,853 | $ | 16,277 | 3.5 | % | $ | 33,504 | $ | 32,271 | 3.8 | % | ||||||||
| Equipment | 4,992 | 4,203 | 18.8 | % | 9,911 | 8,803 | 12.6 | % | ||||||||||||
| Total Operating Revenues | 21,845 | 20,480 | 6.7 | % | 43,415 | 41,074 | 5.7 | % | ||||||||||||
| Operating Expenses | ||||||||||||||||||||
| Operations and support | 12,358 | 11,285 | 9.5 | % | 24,662 | 22,924 | 7.6 | % | ||||||||||||
| Depreciation and amortization | 2,556 | 2,476 | 3.2 | % | 5,082 | 4,963 | 2.4 | % | ||||||||||||
| Total Operating Expenses | 14,914 | 13,761 | 8.4 | % | 29,744 | 27,887 | 6.7 | % | ||||||||||||
| Operating Income | $ | 6,931 | $ | 6,719 | 3.2 | % | $ | 13,671 | $ | 13,187 | 3.7 | % | ||||||||
| Operating Income Margin | 31.7 | % | 32.8 | % | (110) | BP | 31.5 | % | 32.1 | % | (60) | BP | ||||||||
| Supplementary Operating Data | ||||||||||||||||||||
| Subscribers and connections in thousands | ||||||||||||||||||||
| Unaudited | June 30, | Percent | ||||||||||||||||||
| 2025 | 2024 | Change | ||||||||||||||||||
| Mobility Subscribers | ||||||||||||||||||||
| Postpaid | 89,928 | 87,999 | 2.2 | % | ||||||||||||||||
| Postpaid phone | 73,408 | 71,930 | 2.1 | % | ||||||||||||||||
| Prepaid | 18,768 | 19,271 | (2.6) | % | ||||||||||||||||
| Reseller | 9,549 | 8,204 | 16.4 | % | ||||||||||||||||
| Total Mobility Subscribers | 118,245 | 115,474 | 2.4 | % | ||||||||||||||||
| Second Quarter | Percent | Six-Month Period | Percent | |||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | |||||||||||||||
| Mobility Net Additions | ||||||||||||||||||||
| Postpaid Phone Net Additions | 401 | 419 | (4.3) | % | 725 | 768 | (5.6) | % | ||||||||||||
| Total Phone Net Additions | 367 | 454 | (19.2) | % | 671 | 804 | (16.5) | % | ||||||||||||
| Postpaid | 479 | 593 | (19.2) | % | 769 | 982 | (21.7) | % | ||||||||||||
| Prepaid | (152) | 82 | — | % | (186) | 83 | — | % | ||||||||||||
| Reseller | (38) | 322 | — | % | (174) | 673 | — | % | ||||||||||||
Total Mobility Net Additions1 | 289 | 997 | (71.0) | % | 409 | 1,738 | (76.5) | % | ||||||||||||
| Postpaid Churn | 1.02 | % | 0.85 | % | 17 | BP | 1.01 | % | 0.87 | % | 14 BP | |||||||||
| Postpaid Phone-Only Churn | 0.87 | % | 0.70 | % | 17 | BP | 0.85 | % | 0.71 | % | 14 BP | |||||||||
1Excludes migrations between wireless subscriber categories, including connected devices, and acquisition-related activity during the period. | ||||||||||||||||||||
| Business Wireline Results | ||||||||||||||||||||
| Dollars in millions | ||||||||||||||||||||
| Unaudited | Second Quarter | Percent | Six-Month Period | Percent | ||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | |||||||||||||||
| Operating Revenues | ||||||||||||||||||||
| Legacy and other transitional services | $ | 2,349 | $ | 2,839 | (17.3) | % | $ | 4,824 | $ | 5,836 | (17.3) | % | ||||||||
| Fiber and advanced connectivity services | 1,793 | 1,732 | 3.5 | % | 3,573 | 3,435 | 4.0 | % | ||||||||||||
| Equipment | 171 | 184 | (7.1) | % | 384 | 397 | (3.3) | % | ||||||||||||
| Total Operating Revenues | 4,313 | 4,755 | (9.3) | % | 8,781 | 9,668 | (9.2) | % | ||||||||||||
| Operating Expenses | ||||||||||||||||||||
| Operations and support | 2,993 | 3,267 | (8.4) | % | 6,061 | 6,754 | (10.3) | % | ||||||||||||
| Depreciation and amortization | 1,521 | 1,386 | 9.7 | % | 3,019 | 2,748 | 9.9 | % | ||||||||||||
| Total Operating Expenses | 4,514 | 4,653 | (3.0) | % | 9,080 | 9,502 | (4.4) | % | ||||||||||||
| Operating Income (Loss) | $ | (201) | $ | 102 | — | % | $ | (299) | $ | 166 | — | % | ||||||||
| Operating Income Margin | (4.7) | % | 2.1 | % | (680) | BP | (3.4) | % | 1.7 | % | (510) | BP | ||||||||
| Consumer Wireline Results | ||||||||||||||||||||
| Dollars in millions | ||||||||||||||||||||
| Unaudited | Second Quarter | Percent | Six-Month Period | Percent | ||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | |||||||||||||||
| Operating Revenues | ||||||||||||||||||||
| Broadband | $ | 3,028 | $ | 2,741 | 10.5 | % | $ | 6,012 | $ | 5,463 | 10.0 | % | ||||||||
| Legacy voice and data services | 265 | 323 | (18.0) | % | 551 | 665 | (17.1) | % | ||||||||||||
| Other service and equipment | 248 | 283 | (12.4) | % | 500 | 569 | (12.1) | % | ||||||||||||
| Total Operating Revenues | 3,541 | 3,347 | 5.8 | % | 7,063 | 6,697 | 5.5 | % | ||||||||||||
| Operating Expenses | ||||||||||||||||||||
| Operations and support | 2,248 | 2,249 | — | % | 4,472 | 4,505 | (0.7) | % | ||||||||||||
| Depreciation and amortization | 958 | 914 | 4.8 | % | 1,907 | 1,795 | 6.2 | % | ||||||||||||
| Total Operating Expenses | 3,206 | 3,163 | 1.4 | % | 6,379 | 6,300 | 1.3 | % | ||||||||||||
| Operating Income | $ | 335 | $ | 184 | 82.1 | % | $ | 684 | $ | 397 | 72.3 | % | ||||||||
| Operating Income Margin | 9.5 | % | 5.5 | % | 400 | BP | 9.7 | % | 5.9 | % | 380 | BP | ||||||||
| Supplementary Operating Data | ||||||||||||||||||||
| Subscribers and connections in thousands | ||||||||||||||||||||
| Unaudited | June 30, | Percent | ||||||||||||||||||
| 2025 | 2024 | Change | ||||||||||||||||||
| Broadband Connections | ||||||||||||||||||||
Broadband1 | 14,262 | 13,836 | 3.1 | % | ||||||||||||||||
| Fiber Broadband Connections | 9,835 | 8,798 | 11.8 | % | ||||||||||||||||
| Second Quarter | Percent | Six-Month Period | Percent | |||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | |||||||||||||||
| Broadband Net Additions | ||||||||||||||||||||
Broadband Net Additions1,2 | 150 | 52 | — | % | 287 | 107 | — | % | ||||||||||||
| Fiber Broadband Net Additions | 243 | 239 | 1.7 | % | 504 | 491 | 2.6 | % | ||||||||||||
1Includes AIA. | ||||||||||||||||||||
2Excludes the impact of subscriber disconnections resulting from the termination of AIA services in areas with unfavorable regulatory requirements in the first quarter of 2025. | ||||||||||||||||||||
| Segment Results | ||||||||||||||||||||
| Dollars in millions | ||||||||||||||||||||
| Unaudited | Second Quarter | Percent | Six-Month Period | Percent | ||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | |||||||||||||||
| Operating Revenues | ||||||||||||||||||||
| Wireless service | $ | 662 | $ | 699 | (5.3) | % | $ | 1,277 | $ | 1,389 | (8.1) | % | ||||||||
| Wireless equipment | 392 | 404 | (3.0) | % | 748 | 777 | (3.7) | % | ||||||||||||
| Total Segment Operating Revenues | 1,054 | 1,103 | (4.4) | % | 2,025 | 2,166 | (6.5) | % | ||||||||||||
| Operating Expenses | ||||||||||||||||||||
| Operations and support | 853 | 925 | (7.8) | % | 1,631 | 1,808 | (9.8) | % | ||||||||||||
| Depreciation and amortization | 155 | 172 | (9.9) | % | 305 | 349 | (12.6) | % | ||||||||||||
| Total Segment Operating Expenses | 1,008 | 1,097 | (8.1) | % | 1,936 | 2,157 | (10.2) | % | ||||||||||||
| Operating Income | $ | 46 | $ | 6 | — | % | $ | 89 | $ | 9 | — | % | ||||||||
| Operating Income Margin | 4.4 | % | 0.5 | % | 390 | BP | 4.4 | % | 0.4 | % | 400 | BP | ||||||||
| Supplementary Operating Data | ||||||||||||||||||||
| Subscribers and connections in thousands | ||||||||||||||||||||
| Unaudited | June 30, | Percent | ||||||||||||||||||
| 2025 | 2024 | Change | ||||||||||||||||||
| Mexico Wireless Subscribers | ||||||||||||||||||||
| Postpaid | 6,180 | 5,494 | 12.5 | % | ||||||||||||||||
| Prepaid | 17,440 | 16,809 | 3.8 | % | ||||||||||||||||
| Reseller | 223 | 333 | (33.0) | % | ||||||||||||||||
| Total Mexico Wireless Subscribers | 23,843 | 22,636 | 5.3 | % | ||||||||||||||||
| Second Quarter | Percent | Six-Month Period | Percent | |||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | |||||||||||||||
| Mexico Wireless Net Additions | ||||||||||||||||||||
| Postpaid | 183 | 142 | 28.9 | % | 343 | 258 | 32.9 | % | ||||||||||||
| Prepaid | 64 | 67 | (4.5) | % | (46) | 146 | — | % | ||||||||||||
| Reseller | (12) | (32) | 62.5 | % | (30) | (84) | 64.3 | % | ||||||||||||
| Total Mexico Wireless Net Additions | 235 | 177 | 32.8 | % | 267 | 320 | (16.6) | % | ||||||||||||
| Three Months Ended | ||||||||||||||
| Dollars in millions | ||||||||||||||
| Unaudited | ||||||||||||||
| June 30, 2025 | ||||||||||||||
| Revenues | Operations and Support Expenses | Depreciation and Amortization | Operating Income (Loss) | |||||||||||
| Communications | ||||||||||||||
| Mobility | $ | 21,845 | $ | 12,358 | $ | 2,556 | $ | 6,931 | ||||||
| Business Wireline | 4,313 | 2,993 | 1,521 | (201) | ||||||||||
| Consumer Wireline | 3,541 | 2,248 | 958 | 335 | ||||||||||
| Total Communications | 29,699 | 17,599 | 5,035 | 7,065 | ||||||||||
| Latin America | 1,054 | 853 | 155 | 46 | ||||||||||
| Segment Total | 30,753 | 18,452 | 5,190 | 7,111 | ||||||||||
| Corporate and Other | ||||||||||||||
| Corporate: | ||||||||||||||
| DTV-related retained costs | — | 57 | 50 | (107) | ||||||||||
| Parent administration support | (2) | 422 | 2 | (426) | ||||||||||
| Securitization fees | 30 | 174 | — | (144) | ||||||||||
| Value portfolio | 66 | 11 | — | 55 | ||||||||||
| Total Corporate | 94 | 664 | 52 | (622) | ||||||||||
| Certain significant items | — | (21) | 9 | 12 | ||||||||||
| Total Corporate and Other | 94 | 643 | 61 | (610) | ||||||||||
| AT&T Inc. | $ | 30,847 | $ | 19,095 | $ | 5,251 | $ | 6,501 | ||||||
| June 30, 2024 | ||||||||||||||
| Revenues | Operations and Support Expenses | Depreciation and Amortization | Operating Income (Loss) | |||||||||||
| Communications | ||||||||||||||
| Mobility | $ | 20,480 | $ | 11,285 | $ | 2,476 | $ | 6,719 | ||||||
| Business Wireline | 4,755 | 3,267 | 1,386 | 102 | ||||||||||
| Consumer Wireline | 3,347 | 2,249 | 914 | 184 | ||||||||||
| Total Communications | 28,582 | 16,801 | 4,776 | 7,005 | ||||||||||
| Latin America | 1,103 | 925 | 172 | 6 | ||||||||||
| Segment Total | 29,685 | 17,726 | 4,948 | 7,011 | ||||||||||
| Corporate and Other | ||||||||||||||
| Corporate: | ||||||||||||||
| DTV-related retained costs | — | 116 | 102 | (218) | ||||||||||
| Parent administration support | — | 443 | 2 | (445) | ||||||||||
| Securitization fees | 29 | 150 | — | (121) | ||||||||||
| Value portfolio | 83 | 25 | 5 | 53 | ||||||||||
| Total Corporate | 112 | 734 | 109 | (731) | ||||||||||
| Certain significant items | — | 505 | 15 | (520) | ||||||||||
| Total Corporate and Other | 112 | 1,239 | 124 | (1,251) | ||||||||||
| AT&T Inc. | $ | 29,797 | $ | 18,965 | $ | 5,072 | $ | 5,760 | ||||||
| Six Months Ended | ||||||||||||||
| Dollars in millions | ||||||||||||||
| Unaudited | ||||||||||||||
| June 30, 2025 | ||||||||||||||
| Revenues | Operations and Support Expenses | Depreciation and Amortization | Operating Income (Loss) | |||||||||||
| Communications | ||||||||||||||
| Mobility | $ | 43,415 | $ | 24,662 | $ | 5,082 | $ | 13,671 | ||||||
| Business Wireline | 8,781 | 6,061 | 3,019 | (299) | ||||||||||
| Consumer Wireline | 7,063 | 4,472 | 1,907 | 684 | ||||||||||
| Total Communications | 59,259 | 35,195 | 10,008 | 14,056 | ||||||||||
| Latin America | 2,025 | 1,631 | 305 | 89 | ||||||||||
| Segment Total | 61,284 | 36,826 | 10,313 | 14,145 | ||||||||||
| Corporate and Other | ||||||||||||||
| Corporate: | ||||||||||||||
| DTV-related retained costs | — | 113 | 100 | (213) | ||||||||||
| Parent administration support | (1) | 861 | 10 | (872) | ||||||||||
| Securitization fees | 58 | 388 | — | (330) | ||||||||||
| Value portfolio | 132 | 21 | — | 111 | ||||||||||
| Total Corporate | 189 | 1,383 | 110 | (1,304) | ||||||||||
| Certain significant items | — | 568 | 18 | (586) | ||||||||||
| Total Corporate and Other | 189 | 1,951 | 128 | (1,890) | ||||||||||
| AT&T Inc. | $ | 61,473 | $ | 38,777 | $ | 10,441 | $ | 12,255 | ||||||
| June 30, 2024 | ||||||||||||||
| Revenues | Operations and Support Expenses | Depreciation and Amortization | Operating Income (Loss) | |||||||||||
| Communications | ||||||||||||||
| Mobility | $ | 41,074 | $ | 22,924 | $ | 4,963 | $ | 13,187 | ||||||
| Business Wireline | 9,668 | 6,754 | 2,748 | 166 | ||||||||||
| Consumer Wireline | 6,697 | 4,505 | 1,795 | 397 | ||||||||||
| Total Communications | 57,439 | 34,183 | 9,506 | 13,750 | ||||||||||
| Latin America | 2,166 | 1,808 | 349 | 9 | ||||||||||
| Segment Total | 59,605 | 35,991 | 9,855 | 13,759 | ||||||||||
| Corporate and Other | ||||||||||||||
| Corporate: | ||||||||||||||
| DTV-related retained costs | — | 250 | 222 | (472) | ||||||||||
| Parent administration support | — | 835 | 3 | (838) | ||||||||||
| Securitization fees | 55 | 315 | — | (260) | ||||||||||
| Value portfolio | 165 | 51 | 9 | 105 | ||||||||||
| Total Corporate | 220 | 1,451 | 234 | (1,465) | ||||||||||
| Certain significant items | — | 657 | 30 | (687) | ||||||||||
| Total Corporate and Other | 220 | 2,108 | 264 | (2,152) | ||||||||||
| AT&T Inc. | $ | 59,825 | $ | 38,099 | $ | 10,119 | $ | 11,607 | ||||||