At&T Inc. Financial Review 2018
AT&T INC. FINANCIAL REVIEW 2018 Selected Financial and Operating Data .............................................................. 18 Management’s Discussion and Analysis of Financial Condition and Results of Operations ......................................... 19 Consolidated Financial Statements ..................................................................... 60 . 17 . Selected Financial and Operating Data Dollars in millions except per share amounts At December 31 and for the year ended: 2018 2017 2016 2015 2014 Financial Data Operating revenues $170,756 $160,546 $163,786 $146,801 $132,447 Operating expenses $144,660 $140,576 $140,243 $126,439 $113,860 Operating income $ 26,096 $ 19,970 $ 23,543 $ 20,362 $ 18,587 Interest expense $ 7,957 $ 6,300 $ 4,910 $ 4,120 $ 3,613 Equity in net income (loss) of affiliates $ (48) $ (128) $ 98 $ 79 $ 175 Other income (expense) – net $ 6,782 $ 1,597 $ 1,081 $ 4,371 $ (4,794) Income tax (benefit) expense $ 4,920 $ (14,708) $ 6,479 $ 7,005 $ 3,619 Net Income $ 19,953 $ 29,847 $ 13,333 $ 13,687 $ 6,736 Less: Net Income Attributable to Noncontrolling Interest $ (583) $ (397) $ (357) $ (342) $ (294) Net Income Attributable to AT&T $ 19,370 $ 29,450 $ 12,976 $ 13,345 $ 6,442 Earnings Per Common Share: Net Income Attributable to AT&T $ 2.85 $ 4.77 $ 2.10 $ 2.37 $ 1.24 Earnings Per Common Share – Assuming Dilution: Net Income Attributable to AT&T $ 2.85 $ 4.76 $ 2.10 $ 2.37 $ 1.24 Cash and cash equivalents $ 5,204 $ 50,498 $ 5,788 $ 5,121 $ 8,603 Total assets $531,864 $444,097 $403,821 $402,672 $296,834
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