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Att Inc. (T) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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AT&T Inc.

CIK: 732717 Ticker: T
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AT&T Reports Fourth-Quarter and Full-Year Results


Fourth-Quarter Consolidated Results
Consolidated revenues of $41.0 billion
Reported EPS of $0.69 compared to ($1.95) in the year-ago quarter, which included non-cash charges
Adjusted EPS of $0.78 compared to $0.75 in the year-ago quarter
Cash from operations of $11.3 billion
Capital expenditures of $3.8 billion; gross capital investment1 of $4.9 billion and cash content spend of $4.6 billion
Free cash flow2 of $8.7 billion

Full-Year Consolidated Results
Consolidated revenues of $168.9 billion
Reported EPS of $2.76 compared to ($0.75) in the prior year, which included non-cash charges
Adjusted EPS of $3.40 compared to $3.18 in the prior year
Cash from operations of $42.0 billion
Capital expenditures of $16.5 billion; gross capital investment1 of $21.6 billion
Free cash flow2 of $26.8 billion; total dividend payout ratio3 of 56%

Note: AT&T’s fourth-quarter earnings conference call will be webcast at 8:30 a.m. ET on Wednesday, January 26, 2022. The webcast and related materials will be available on AT&T’s Investor Relations website at
https://investors.att.com.

DALLAS, January 26, 2022 — AT&T Inc. (NYSE:T) reported fourth-quarter results that showed continuing customer growth in wireless, fiber and HBO Max. For the full year, AT&T continued to lead the industry in postpaid phone net adds, gaining more subscribers than in the prior 10 years combined; added more than 1 million fiber subscribers — the fourth consecutive year in which it has added 1 million or more subscribers; and surpassed the high end of its guidance for global HBO Max and HBO subscribers with nearly 74 million subscribers at the end of 2021.

“A year and a half ago, we began simplifying our business to reposition AT&T for growth and we’re extremely pleased with how we’ve executed on that commitment,” said John Stankey, AT&T CEO. “We ended 2021 the way we started it – by growing our customer relationships, running our operations more effectively and efficiently, and sharpening our focus. Our momentum is strong and we’re confident there is more opportunity to continue to grow our customer base and drive costs from the business.

“We’re at the dawn of a new age of connectivity. Our focus now is to be America’s best connectivity provider and also ensure our media assets are positioned to grow and truly become a global media distribution leader. Once we do this, we’ll unlock the true value of these businesses and provide a great opportunity for shareholders.”


The following information was filed by AT&T Inc. (T) on Wednesday, January 26, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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AT&T Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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Inside AT&T Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (Parenthetical)
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Changes In Stockholders' Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (Parenthetical)
Consolidated Statements Of Income
Acquisitions, Dispositions And Other Adjustments
Acquisitions, Dispositions And Other Adjustments (Dispositions Narrative) (Details)
Acquisitions, Dispositions And Other Adjustments (Hbo Lag, Time Warner, Otter And Appnexus Acquisitions Narrative) (Details)
Acquisitions, Dispositions And Other Adjustments (Held-For-Sale) (Narrative) (Details)
Acquisitions, Dispositions And Other Adjustments (Spectrum Auctions Narrative) (Details)
Acquisitions, Dispositions And Other Adjustments (Tables)
Additional Financial Information
Additional Financial Information (Cash And Cash Equivalents And Restricted Cash) (Details)
Additional Financial Information (Consolidated Balance Sheets) (Details)
Additional Financial Information (Consolidated Statements Of Cash Flows) (Details)
Additional Financial Information (Consolidated Statements Of Income) (Details)
Additional Financial Information (Narrative) (Details)
Additional Financial Information (Tables)
Contingent Liabilities
Contingent Liabilities (Narrative) (Details)
Debt
Debt (Credit Facilities) (Narrative) (Details)
Debt (Debt Maturing Within One Year) (Details)
Debt (Financing Activities) (Narrative) (Details)
Debt (Long-Term Debt - Scheduled Repayments) (Details)
Debt (Narrative) (Details)
Debt (Schedule Of Debt Activity) (Details)
Debt (Summary Of Long-Term Debt Of At&Amp;T And Its Subsidiaries) (Details)
Debt (Tables)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Narrative) (Details)
Earnings Per Share (Tables)
Equity Method Investments
Equity Method Investments (Narrative) (Details)
Equity Method Investments (Reconciliation Of Investments In Equity Affiliates) (Details)
Equity Method Investments (Tables)
Fair Value Measurements And Disclosure
Fair Value Measurements And Disclosure (Effect Of Derivatives On The Consolidated Statements Of Income) (Details)
Fair Value Measurements And Disclosure (Fair Value Leveling) (Details)
Fair Value Measurements And Disclosure (Gain And Losses On Equity Securities) (Details)
Fair Value Measurements And Disclosure (Long-Term Debt And Other Financial Instruments) (Details)
Fair Value Measurements And Disclosure (Narrative) (Details)
Fair Value Measurements And Disclosure (Notional Amount Of Our Outstanding Derivative Positions) (Details)
Fair Value Measurements And Disclosure (Tables)
Firstnet
Firstnet (Narrative) (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Narrative) (Details)
Goodwill And Other Intangible Assets (Schedule Of Amortized Intangible Assets) (Details)
Goodwill And Other Intangible Assets (Schedule Of Amortized Intangible Expenses) (Details)
Goodwill And Other Intangible Assets (Schedule Of Indefinite-Life Intangible Assets Not Subject To Amortization) (Details)
Goodwill And Other Intangible Assets (Summary Of Changes In Carrying Amount Of Goodwill, By Segment) (Details)
Goodwill And Other Intangible Assets (Tables)
Income Taxes
Income Taxes (Changes In Unrecognized Tax Benefits Balance For Federal State And Foreign Tax) (Details)
Income Taxes (Components Of Deferred Tax Liabilities (Assets)) (Details)
Income Taxes (Components Of Income Tax Expense (Benefit)) (Details)
Income Taxes (Narrative) (Details)
Income Taxes (Reconciliation Of Income Tax Expense (Benefit) Based On Federal Statutory Rate To Amount Per Effective Tax Rate) (Details)
Income Taxes (Schedule Of Income Before Income Tax, Domestic And Foreign) (Details)
Income Taxes (Tables)
Inventories And Theatrical Film And Television Production Costs
Inventories And Theatrical Film And Television Production Costs (Details)
Inventories And Theatrical Film And Television Production Costs (Tables)
Leases
Leases (Components Of Lease Expense) (Details)
Leases (Future Minimum Maturities Of Lease Liabilities) (Details)
Leases (Narrative) (Details)
Leases (Supplemental Balance Sheet Information Related To Leases) (Details)
Leases (Supplemental Cash Flow Information Related To Leases) (Details)
Leases (Tables)
Other Comprehensive Income
Other Comprehensive Income (Details)
Other Comprehensive Income (Tables)
Pension And Postretirement Benefits
Pension And Postretirement Benefits (Change In The Projected Benefit Obligation) (Details)
Pension And Postretirement Benefits (Change In The Value Of Plan Assets And The Plans' Funded Status) (Details)
Pension And Postretirement Benefits (Employee Benefit Obligation Amounts Recognized) (Details)
Pension And Postretirement Benefits (Estimated Future Benefit Payments) (Details)
Pension And Postretirement Benefits (Fair Value Assets Measured On Recurring Basis Unobservable Input (Level 3) Reconciliation) (Details)
Pension And Postretirement Benefits (Narrative) (Details)
Pension And Postretirement Benefits (Net Periodic Benefit Cost (Credit)) (Details)
Pension And Postretirement Benefits (Other Changes Recognized In Other Comprehensive Income) (Details)
Pension And Postretirement Benefits (Schedule Of Defined Benefit Plan Targeted And Actual Plan Asset Allocations) (Details)
Pension And Postretirement Benefits (Schedule Of Fair Value Of Pension And Postretirement Assets And Liabilities By Level) (Details)
Pension And Postretirement Benefits (Tables)
Pension And Postretirement Benefits (Weighted Average Assumptions - Projected Benefit Obligation And Net Pension And Postemployment Benefit Cost) (Details)
Property, Plant And Equipment
Property, Plant And Equipment (Details)
Property, Plant And Equipment (Narrative) (Details)
Property, Plant And Equipment (Tables)
Revenue Recognition
Revenue Recognition (Contract Assets And Liabilities) (Details)
Revenue Recognition (Deferred Contract Acquisition And Fulfillment Costs) (Details)
Revenue Recognition (Narrative) (Details)
Revenue Recognition (Remaining Performance Obligations) (Details)
Revenue Recognition (Revenue Categories) (Details)
Revenue Recognition (Tables)
Sales Of Receivables
Sales Of Receivables (Equipment Installment And At&Amp;T Revolving Programs) (Details)
Sales Of Receivables (Equipment Installment And At&Amp;T Revolving Programs) (Narrative) (Details)
Sales Of Receivables (Finance Receivables Repurchased) (Details)
Sales Of Receivables (Finance Receivables) (Details)
Sales Of Receivables (Summary Of Receivables Sold) (Details)
Sales Of Receivables (Tables)
Schedule Ii - Valuation And Qualifying Accounts
Segment Information
Segment Information (Intersegment Assets, Equity Affiliates Investments And Capital Expenditures Details) (Details)
Segment Information (Intersegment Details) (Details)
Segment Information (Reconciliation Of Operating Income (Loss) To Consolidated Statement Of Income) (Details)
Segment Information (Schedule Of Schedule Of Revenues Earned From Customers And Property, Plant And Equipment By Geographical Areas) (Details)
Segment Information (Summary Of Operating Revenues And Expenses By Segment) (Details)
Segment Information (Summary Of Operating Revenues And Expenses By Segment) (Narrative) (Details)
Segment Information (Tables)
Share-Based Payments
Share-Based Payments (Compensation Cost And Valuation Assumption) (Details)
Share-Based Payments (Narrative) (Details)
Share-Based Payments (Summary Of Nonvested Stock Units Activity) (Details)
Share-Based Payments (Tables)
Stockholders' Equity
Stockholders' Equity (Narrative) (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Narrative) (Details)
Summary Of Significant Accounting Policies (Policy)
Tower Transaction
Tower Transaction (Narrative) (Details)
Transactions With Directv (Details)
Transactions With Directv Disclosures
Valuation And Qualifying Accounts (Allowance For Doubtful Accounts) (Details)
Ticker: T
CIK: 732717
Form Type: 10-K Annual Report
Accession Number: 0000732717-22-000015
Submitted to the SEC: Wed Feb 16 2022 6:29:38 AM EST
Accepted by the SEC: Wed Feb 16 2022
Period: Friday, December 31, 2021
Industry: Telephone Communications No Radiotelephone

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