Having acquired Time Warner and DirecTV in an attempt to become a major media player, AT&T spent much of 2021 dealing with the fact that the attempt had ultimately failed. It sold off its underperforming media businesses, merging them into a new company, Warner Bros. Discovery, while reaping some $40 billion in cash to help reduce its debt load. Overall, AT&T shed 28,000 employees over the course of 2021, as well as 14.5% of its share price. Despite the setbacks, AT&T’s core businesses fared well: Its fiber internet service ranked No. 1 in customer satisfaction in 2021 based on an American Customer Satisfaction Index survey. AT&T added 3.2 million phone subscribers in 2021, a tally that exceeded its net new customers gained in the previous 10 years combined. AT&T is now focused on growing its 5G network and fiber-optic footprint.
Jeffrey Greenberg—UCG/Universal Images Group via Getty Images

Company Information

As of 2/1/2023
Country
U.S.
Headquarters
Dallas
Industry
Telecommunications
CEO
John T. Stankey
Company Type
Public
Ticker
T
Revenues ($M)
$120,741
Profits ($M)
$-8,524
Market Value ($M)
$137,052
Employees
162,920
Figures are for fiscal year ended Dec. 31, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.

Key Financials (Last Fiscal Year)
As of 8/3/2022

($ Millions)
% change
Revenues ($M)
$168,864
-1.7%
Profits ($M)
$20,081
-
Assets ($M)
$551,622
-
Total Stockholder Equity ($M)
$166,332
-

Profit Ratios
As of 8/3/2022

Profit as % of Revenues
11.9%
Profits as % of Assets
3.6%
Profits as % of Stockholder Equity
12.1%

AT&T Rank History

Historical Data

YearRevenues ($M)Profits ($M)Assets ($M)Total Stockholder Equity ($M)
2021$171,760-5.2%$-5,176-137.2%$525,761$161,673
2020$181,1936.1%$13,903-28.2%$551,669$184,221
2019$170,7566.4%$19,370-34.2%$531,864$184,089
2018$160,546-2%$29,450127%$444,097$140,861
2017$163,78611.6%$12,976-2.8%$403,821$123,135
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