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Terray Sylvester—Reuters

9

AT&T

T

It was a year of empire building and then consolidation at what’s left of the old Ma Bell. CEO Randall Stephenson finally got regulators to sign off on his $104 billion acquisition (including debt) of Time Warner in June, despite President Trump’s objections. The deal—adding a movie studio plus the cable programming empire that includes CNN and HBO—helped boost AT&T’s revenue by 6% to $171 billion for the year. But continued customer losses from Stephenson’s last acquisition, DirecTV, and the heavy debt load hurt the bottom line and net income declined 34% to $19 billion. The company’s stock price dropped 27% for the year. Now the challenge is stemming the loss of satellite cord cutters while meshing the clashing cultures in the media and telecommunications sides of the business. Perhaps AT&T’s new super-fast 5G wireless network will come to the rescue. A slow rollout in parts of 12 cities at the end of 2018 should accelerate in 2019 and reach nationwide coverage within a few years.

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CEO

Randall L. Stephenson

CEO Title

Chairman, President & Chief Executive Officer

Sector

Telecommunications

Industry

Telecommunications

HQ Location

Dallas, Texas

Years on Fortune 500 List

25

Employees

268,220

Acquired Time Warner (2017 rank: 98), June 14, 2018.
Key Financials (Last Fiscal Year)
$ millions% change
Revenues ($M)$170,7566.4%
Profits ($M)$19,370.0-34.2%
Assets ($M)$531,864
Total Stockholder Equity ($M)$184,089
Profit Ratios
Profit as % of Revenues11.3%
Profits as % of Assets3.6%
Profits as % of Stockholder Equity10.5%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)2.85
EPS % Change (from 2017)-40.1%
EPS % Change (5 year annual rate)-3.4%
EPS % Change (10 year annual rate)2.8%
Total Return
Total Return to Investors (2018)-22.1%
Total Return to Investors (5 year, annualized)1.2%
Total Return to Investors (10 year, annualized)5.7%
STOCK QUOTE
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

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