At&T Inc 8-K, filed Mar 3, 2023

At&T Inc. (T)

8-K 2023-03-03 For: 2023-03-03

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Added on April 12, 2026

About this 8-K

At&T Inc filed this 8-K on March 3, 2023.

Items reported

Item 7.01: Regulation FD disclosure
Item 9.01: Financial statements and exhibits

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☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


(d)	Exhibits

	99.1	Supplemental Quarterly Segment Financial Information
	99.2	Supplemental Segment Reconciliations for the years ended December 31, 2022 and 2021
	104	Cover Page Interactive Data File (embedded within the Inline XBRL document)


AT&T Inc.
Supplemental Quarterly Segment Financial Information
Dollars in millions
Unaudited

Communications Segment	3/31/21		6/30/21		9/30/21		12/31/21		3/31/22		6/30/22		9/30/22		12/31/22

Operating Revenues
Mobility	$	19,034	$	18,936	$	19,138	$	21,146	$	20,075	$	19,926	$	20,278	$	21,501
Business Wireline	6,046		6,052		5,938		5,901		5,640		5,595		5,668		5,635
Consumer Wireline	3,098		3,140		3,142		3,159		3,161		3,174		3,185		3,229
Total Operating Revenues	28,178		28,128		28,218		30,206		28,876		28,695		29,131		30,365


Operating Expenses
Operations and support	17,218		17,186		17,460		20,164		18,265		17,897		17,958		19,530
Depreciation and amortization	4,054		4,085		4,114		4,156		4,124		4,115		4,184		4,258
Total Operating Expenses	21,272		21,271		21,574		24,320		22,389		22,012		22,142		23,788
Operating Income	$	6,906	$	6,857	$	6,644	$	5,886	$	6,487	$	6,683	$	6,989	$	6,577


Operating Income Margin	24.5%		24.4%		23.5%		19.5%		22.5%		23.3%		24.0%		21.7%
EBITDA1	$	10,960	$	10,942	$	10,758	$	10,042	$	10,611	$	10,798	$	11,173	$	10,835
EBITDA Margin1	38.9%		38.9%		38.1%		33.2%		36.7%		37.6%		38.4%		35.7%


Mobility	3/31/21		6/30/21		9/30/21		12/31/21		3/31/22		6/30/22		9/30/22		12/31/22

Operating Revenues
Service	$	14,048	$	14,346	$	14,527	$	14,669	$	14,724	$	15,004	$	15,337	$	15,434
Equipment	4,986		4,590		4,611		6,477		5,351		4,922		4,941		6,067
Total Operating Revenues	19,034		18,936		19,138		21,146		20,075		19,926		20,278		21,501


Operating Expenses
Operations and support	11,148		11,079		11,288		13,938		12,327		11,861		12,010		13,572
Depreciation and amortization	2,014		2,023		2,035		2,050		2,059		2,017		2,042		2,080
Total Operating Expenses	13,162		13,102		13,323		15,988		14,386		13,878		14,052		15,652
Operating Income	$	5,872	$	5,834	$	5,815	$	5,158	$	5,689	$	6,048	$	6,226	$	5,849


Operating Income Margin	30.9%		30.8%		30.4%		24.4%		28.3%		30.4%		30.7%		27.2%
EBITDA1	$	7,886	$	7,857	$	7,850	$	7,208	$	7,748	$	8,065	$	8,268	$	7,929
EBITDA Margin1	41.4%		41.5%		41.0%		34.1%		38.6%		40.5%		40.8%		36.9%
EBITDA Service Margin1	56.1%		54.8%		54.0%		49.1%		52.6%		53.8%		53.9%		51.4%




Business Wireline	3/31/21		6/30/21		9/30/21		12/31/21		3/31/22		6/30/22		9/30/22		12/31/22

Operating Revenues
Service	$	5,872	$	5,860	$	5,765	$	5,727	$	5,478	$	5,416	$	5,524	$	5,473
Equipment	174		192		173		174		162		179		144		162
Total Operating Revenues	6,046		6,052		5,938		5,901		5,640		5,595		5,668		5,635


Operating Expenses
Operations and support	3,923		3,924		3,866		3,940		3,702		3,792		3,705		3,735
Depreciation and amortization	1,278		1,293		1,304		1,317		1,299		1,313		1,342		1,360
Total Operating Expenses	5,201		5,217		5,170		5,257		5,001		5,105		5,047		5,095
Operating Income	$	845	$	835	$	768	$	644	$	639	$	490	$	621	$	540


Operating Income Margin	14.0%		13.8%		12.9%		10.9%		11.3%		8.8%		11.0%		9.6%
EBITDA1	$	2,123	$	2,128	$	2,072	$	1,961	$	1,938	$	1,803	$	1,963	$	1,900
EBITDA Margin1	35.1%		35.2%		34.9%		33.2%		34.4%		32.2%		34.6%		33.7%




Consumer Wireline	3/31/21		6/30/21		9/30/21		12/31/21		3/31/22		6/30/22		9/30/22		12/31/22

Operating Revenues
Broadband	$	2,205	$	2,266	$	2,290	$	2,324	$	2,355	$	2,393	$	2,429	$	2,492
Legacy Voice and Data Services	519		504		484		470		460		445		427		414
Other Service and Equipment	374		370		368		365		346		336		329		323
Total Operating Revenues	3,098		3,140		3,142		3,159		3,161		3,174		3,185		3,229


Operating Expenses
Operations and support	2,147		2,183		2,306		2,286		2,236		2,244		2,243		2,223
Depreciation and amortization	762		769		775		789		766		785		800		818
Total Operating Expenses	2,909		2,952		3,081		3,075		3,002		3,029		3,043		3,041
Operating Income	$	189	$	188	$	61	$	84	$	159	$	145	$	142	$	188


Operating Income Margin	6.1%		6.0%		1.9%		2.7%		5.0%		4.6%		4.5%		5.8%
EBITDA1	$	951	$	957	$	836	$	873	$	925	$	930	$	942	$	1,006
EBITDA Margin1	30.7%		30.5%		26.6%		27.6%		29.3%		29.3%		29.6%		31.2%


			AT&T INC.



Date: March 3, 2023			By: /s/ Debra L. Dial . Debra L. Dial Senior Vice President - Chief Accounting Officer and Controller



Latin America Segment - Mexico	3/31/21		6/30/21		9/30/21		12/31/21		3/31/22		6/30/22		9/30/22		12/31/22

Operating Revenues
Wireless service	$	439	$	447	$	463	$	485	$	490	$	534	$	559	$	579
Wireless equipment	192		241		261		219		200		274		226		282
Total Operating Revenues	631		688		724		704		690		808		785		861


Operating Expenses
Operations and support	620		667		697		668		631		721		684		776
Depreciation and amortization	145		150		157		153		161		169		164		164
Total Operating Expenses	765		817		854		821		792		890		848		940
Operating Income (Loss)	$	(134)	$	(129)	$	(130)	$	(117)	$	(102)	$	(82)	$	(63)	$	(79)


Operating Income Margin	-21.2%		-18.8%		-18.0%		-16.6%		-14.8%		-10.1%		-8.0%		-9.2%
EBITDA1	$	11	$	21	$	27	$	36	$	59	$	87	$	101	$	85
EBITDA Margin1	1.7%		3.1%		3.7%		5.1%		8.6%		10.8%		12.9%		9.9%




Corporate	3/31/21		6/30/21		9/30/21		12/31/21		3/31/22		6/30/22		9/30/22		12/31/22

Total Operating Revenues	$	174	$	184	$	188	$	185	$	146	$	140	$	127	$	117

Operating Expenses
Operations and support	501		543		587		778		626		695		687		806
DTV-related retained costs	—		—		136		277		160		239		235		244
Parent administration support	417		460		404		418		347		341		317		373
Securitization fees	40		12		1		36		82		78		103		156
Value portfolio	44		71		46		47		37		37		32		33
Depreciation and amortization	17		18		114		163		150		149		150		157
Total Operating Expenses	518		561		701		941		776		844		837		963
Operating Income (Loss)	(344)		(377)		(513)		(756)		(630)		(704)		(710)		(846)


AT&T Inc.									`
Supplemental Segment Reconciliations
Dollars in millions
Unaudited

For the year ended December 31, 2022
	Revenues		Operations and Support Expenses		EBITDA		Depreciation and Amortization			Operating Income (Loss)
Communications
Mobility	$	81,780	$	49,770	$	32,010	$	8,198		$	23,812
Business Wireline	22,538		14,934		7,604		5,314			2,290
Consumer Wireline	12,749		8,946		3,803		3,169			634
Total Communications	117,067		73,650		43,417		16,681			26,736
Latin America - Mexico	3,144		2,812		332		658			(326)
Segment Total	120,211		76,462		43,749		17,339			26,410
Corporate and Other
Corporate:
DTV-related retained costs	8		878		(870)		549			(1,419)
Parent administration support	(32)		1,378		(1,410)		16			(1,426)
Securitization fees	65		419		(354)		—			(354)
Value portfolio	489		139		350		41			309
Total Corporate	530		2,814		(2,284)		606			(2,890)
Certain significant items	—		28,031		(28,031)		76			(28,107)
Total Corporate and Other	530		30,845		(30,315)		682			(30,997)
AT&T Inc.	$	120,741	$	107,307	$	13,434	$	18,021		$	(4,587)


For the year ended December 31, 2021
	Revenues		Operations and Support Expenses		EBITDA		Depreciation and Amortization			Operating Income (Loss)
Communications
Mobility	$	78,254	$	47,453	$	30,801	$	8,122		$	22,679
Business Wireline	23,937		15,653		8,284		5,192			3,092
Consumer Wireline	12,539		8,922		3,617		3,095			522
Total Communications	114,730		72,028		42,702		16,409			26,293
Latin America - Mexico	2,747		2,652		95		605			(510)
Segment Total	117,477		74,680		42,797		17,014			25,783
Corporate and Other
Corporate:
DTV-related retained costs	49		413		(364)		236			(600)
Parent administration support	(18)		1,699		(1,717)		36			(1,753)
Securitization fees	61		89		(28)		—			(28)
Value portfolio	639		208		431		40			391
Total Corporate	731		2,409		(1,678)		312			(1,990)
Video	15,513		12,900		2,613		356			2,257
Held-for-sale and other reclassifications	453		310		143		—			143
Certain significant items	—		126		(126)		170			(296)
Eliminations and consolidations	(136)		(136)		—		—			—
Total Corporate and Other	16,561		15,609		952		838			114
AT&T Inc.	$	134,038	$	90,289	$	43,749	$	17,852		$	25,897