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 $40 billion in cash to help reduce its debt load. Overall, AT&T shed 28,000 employees over the course of 2021, as well as 14.5% of its share price. Despite the setbacks, AT&T’s core businesses fared well: Its fiber internet service ranked No. 1 in customer satisfaction in 2021 based on an American Customer Satisfaction Index survey. AT&T added 3.2 million phone subscribers in 2021, a tally that exceeded its net new customers gained in the previous 10 years combined. AT&T is now focused on growing its 5G network and fiber-optic footprint.
Jeffrey Greenberg—UCG/Universal Images Group via Getty Images
Company Information
As of 6/5/23
Country
U.S.
Headquarters
Dallas
Industry
Telecommunications
CEO
John T. Stankey
Website
Company Type
Public
Ticker
T
Revenues ($M)
$120,741
Profits ($M)
$-8,524
Market Value ($M)
$137,250
Employees
160,700
Market value as of March 31, 2023.
Key Financials (Last Fiscal Year)As of 8/3/2022
($ Millions)
% change
Revenues ($M)
$168,864
-1.7%
Profits ($M)
$20,081
-
Assets ($M)
$551,622
-
Total Stockholder Equity ($M)
$166,332
-
Profit RatiosAs of 8/3/2022
Profit as % of Revenues
11.9%
Profits as % of Assets
3.6%
Profits as % of Stockholder Equity
12.1%
AT&T Rank History
Historical Data
| Year | Revenues ($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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