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AT&T | 10-K: Annual report

SEC announcement ·  Feb 23 17:28
Summary by Moomoo AI
AT&T Inc. has reported its financial results and business developments for the year ended December 31, 2023. Financial Performance: The company's operating revenues increased by 1.4% year-over-year to $122,428 million, driven by growth in Mobility and Consumer Wireline revenues, partially offset by declines in Business Wireline revenues. The Communications segment, which provides services to businesses and consumers in the U.S. and globally, contributed approximately 97% of the total segment operating revenues. Operating income for the Communications segment rose by 4.0% to $27,801 million. The Latin America segment, which provides wireless services in Mexico, saw a 25.1% increase in operating revenues to $3,932 million. Overall, AT&T's operating income significantly improved to $23,461 million. Business Development: AT&T's business units showed varied performance, with...Show More
AT&T Inc. has reported its financial results and business developments for the year ended December 31, 2023. Financial Performance: The company's operating revenues increased by 1.4% year-over-year to $122,428 million, driven by growth in Mobility and Consumer Wireline revenues, partially offset by declines in Business Wireline revenues. The Communications segment, which provides services to businesses and consumers in the U.S. and globally, contributed approximately 97% of the total segment operating revenues. Operating income for the Communications segment rose by 4.0% to $27,801 million. The Latin America segment, which provides wireless services in Mexico, saw a 25.1% increase in operating revenues to $3,932 million. Overall, AT&T's operating income significantly improved to $23,461 million. Business Development: AT&T's business units showed varied performance, with Mobility experiencing an 8.6% increase in operating income and Consumer Wireline seeing a 2.7% rise. However, Business Wireline faced a 43.7% decrease in operating income. The company continued to expand its wireless and broadband services, with a focus on 5G deployment and fiber network expansion. Future Plans: AT&T plans to continue its momentum in wireless subscriber growth and 5G deployment, with an emphasis on expanding its fiber footprint and broadband revenues. The company is also investing in Open RAN to foster a more robust ecosystem of network infrastructure providers and suppliers. For 2024, AT&T anticipates capital investment to be in the $21,000 to $22,000 million range, reflecting strategic investments in its network.

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