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AT&T said fourth-quarter income from continuing operations for Q4 2023 was $2.6 billion, or $0.30 per diluted share. Operating revenues for the quarter were $32.0 billion, up 2.2% from Q4 2022.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. AT&T said fourth-quarter income from continuing operations for Q4 2023 was $2.6 billion, or $0.30 per diluted share. Operating revenues for the quarter were $32.0 billion, up 2.2% from Q4 2022.

  2. AT&T said full-year operating income for 2023 was $23.5 billion, compared with an operating loss of $(4.6) billion for 2022. The company cited the prior year's noncash goodwill impairment charges and the benefits of its transformation efforts as reasons operating expenses for the full year fell to $99.0 billion.

  3. The company said cash from operating activities for the full year 2023 was $38.3 billion, up $2.5 billion from 2022. Capital investment, which includes capital expenditures of $17.9 billion plus $5.7 billion in cash paid for vendor financing, was $23.6 billion.

  4. The company said Mobility revenue for Q4 2023 rose 4.1% from a year earlier to $22.4 billion. It added that it net added 5.9 million wireless subscribers in the same quarter, and as of December 31, 2023 it had 241.5 million.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q4 2023 Continuing Operations Income of $2.6 billion

AT&T said fourth-quarter income from continuing operations for Q4 2023 was $2.6 billion, or $0.30 per diluted share. Operating revenues for the quarter were $32.0 billion, up 2.2% from Q4 2022.

Source · Based on the filing body and exhibits

Full-Year Operating Income of $23.5 billion, Operating Expenses of $99.0 billion

AT&T said full-year operating income for 2023 was $23.5 billion, compared with an operating loss of $(4.6) billion for 2022. The company cited the prior year's noncash goodwill impairment charges and the benefits of its transformation efforts as reasons operating expenses for the full year fell to $99.0 billion.

Source · Based on the filing body and exhibits

Full-Year Operating Cash Flow of $38.3 billion, Capital Investment of $23.6 billion

The company said cash from operating activities for the full year 2023 was $38.3 billion, up $2.5 billion from 2022. Capital investment, which includes capital expenditures of $17.9 billion plus $5.7 billion in cash paid for vendor financing, was $23.6 billion.

Source · Based on the filing body and exhibits

Mobility Q4 Subscriber Net Adds Up 5.9 million

The company said Mobility revenue for Q4 2023 rose 4.1% from a year earlier to $22.4 billion. It added that it net added 5.9 million wireless subscribers in the same quarter, and as of December 31, 2023 it had 241.5 million.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.