share_log

AT&T | 8-K: Fourth Quarter 2023 Operating Results

SEC announcement ·  Jan 24 06:29
Summary by Moomoo AI
AT&T Inc. reported a significant recovery in its financial performance for the fourth quarter of 2023, with income from continuing operations reaching $2.6 billion, or $0.30 per diluted share. This marks a substantial turnaround from the reported loss of $(23.1) billion, or $(3.20) per share, in the same quarter of the previous year. The improvement was attributed to a combination of factors, including growth in Mobility and Consumer Wireline revenues, as well as a decrease in operating expenses due to prior-year noncash goodwill impairment charges and benefits from ongoing transformation efforts. For the full year 2023, AT&T's income from continuing operations was $15.6 billion, contrasting sharply with a loss of $(6.9) billion in 2022. Operating revenues for Q4 2023 were $32.0 billion, a 2.2% increase from Q4 2022, and full-year...Show More
AT&T Inc. reported a significant recovery in its financial performance for the fourth quarter of 2023, with income from continuing operations reaching $2.6 billion, or $0.30 per diluted share. This marks a substantial turnaround from the reported loss of $(23.1) billion, or $(3.20) per share, in the same quarter of the previous year. The improvement was attributed to a combination of factors, including growth in Mobility and Consumer Wireline revenues, as well as a decrease in operating expenses due to prior-year noncash goodwill impairment charges and benefits from ongoing transformation efforts. For the full year 2023, AT&T's income from continuing operations was $15.6 billion, contrasting sharply with a loss of $(6.9) billion in 2022. Operating revenues for Q4 2023 were $32.0 billion, a 2.2% increase from Q4 2022, and full-year revenues were $122.4 billion, up 1.4% from the previous year. The company also reported a net gain of 5.9 million wireless subscribers in the fourth quarter, with a total of 241.5 million subscribers by the end of 2023. AT&T's capital expenditures for 2023 totaled $17.9 billion, with a combined capital investment of $23.6 billion when including cash paid for vendor financing. The report was filed with the SEC on January 24, 2024, and includes detailed financial statements and operating data for the period.

This announcement is a separate document:

Doc 1

Doc 2

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more