AT&T Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>AT&T Inc. has submitted its 2023 10-K filing, detailing its financial performance and operational status for the fiscal year ending December 31, 2023.</b>

AI Summary

AT&T INC. (T-PC) filed a Annual Report (10-K) with the SEC on February 23, 2024. AT&T Inc. filed its 2023 Form 10-K on February 23, 2024, reporting on the fiscal year ending December 31, 2023. The filing covers the company's financial performance and business operations for the fiscal year 2023. AT&T Inc. is classified under Standard Industrial Classification 4813: Telephone Communications (No Radio Telephone). The company's principal business address is 208 S. Akard St, Dallas, TX 75202. The filing references various financial statement items including Accounts Payable and Accrued Liabilities, Debt, and Property, Plant, and Equipment.

Why It Matters

For investors and stakeholders tracking AT&T INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of AT&T's financial health, operational strategies, and risk factors for investors and stakeholders to assess the company's performance and future outlook. Understanding the details within this annual report is crucial for evaluating AT&T's market position, debt levels, and overall business strategy in the telecommunications sector.

Risk Assessment

Risk Level: medium — AT&T INC. shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive annual report. While it contains detailed financial information, it does not present immediate red flags or exceptionally high risks beyond those inherent in the telecommunications industry.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 10-K to understand AT&T's performance and strategic direction.

Key Numbers

• 2023-12-31 — Fiscal Year End (FISCAL YEAR END)
• 0000732717 — Central Index Key (CENTRAL INDEX KEY)
• 4813 — Standard Industrial Classification (STANDARD INDUSTRIAL CLASSIFICATION)
• 2024-02-23 — Filing Date (FILED AS OF DATE)
• 001-08610 — SEC File Number (SEC FILE NUMBER)

Key Players & Entities

• AT&T INC. (company) — FILER
• 208 S. AKARD ST (address) — BUSINESS ADDRESS
• DALLAS (location) — BUSINESS ADDRESS CITY
• TX (location) — BUSINESS ADDRESS STATE
• 75202 (postal_code) — BUSINESS ADDRESS ZIP
• SBC COMMUNICATIONS INC (company) — FORMER COMPANY
• SOUTHWESTERN BELL CORP (company) — FORMER COMPANY
• 2023-12-31 (date) — CONFORMED PERIOD OF REPORT

FAQ

Industry Context

AT&T operates in the telecommunications industry, providing a wide range of communication services.

Regulatory Implications

The filing is a standard SEC 10-K, adhering to regulations for public companies' annual financial reporting.

What Investors Should Do

1. Review AT&T's detailed financial statements for the fiscal year 2023.
2. Analyze the company's operational segments and performance metrics.
3. Assess the risk factors outlined in the 10-K filing.

Key Dates

• 2024-02-23: 10-K Filing — Annual report submission for fiscal year 2023.
• 2023-12-31: Fiscal Year End — End date for the reporting period covered by the 10-K.

Year-Over-Year Comparison

This is the initial 10-K filing for the fiscal year 2023, following previous filings for prior periods.

Key Financial Figures

• $1.00 — ch registered Common Shares (Par Value $1.00 Per Share) T New York Stock Exchange D
• $15.95 — Yes No Based on the closing price of $15.95 per share on June 30, 2023, the aggrega

Filing Documents

• t-20231231.htm (10-K) — 4258KB
• ex-4xiye2023.htm (EX-4.I) — 919KB
• ex-10xvye2023.htm (EX-10.V) — 50KB
• ex-21ye2023.htm (EX-10.Y) — 25KB
• ex-23ye2023.htm (EX-23) — 9KB
• ex-24ye2023.htm (EX-24) — 47KB
• ex-311ye2023.htm (EX-31.1) — 9KB
• ex-312ye2023.htm (EX-31.2) — 10KB
• ex-32ye2023.htm (EX-32) — 9KB
• ex-97ye2023.htm (EX-97) — 25KB
• t-20231231_g1.jpg (GRAPHIC) — 139KB
• 0000732717-24-000009.txt (&nbsp;) — 26016KB
• t-20231231.xsd (EX-101.SCH) — 147KB
• t-20231231_cal.xml (EX-101.CAL) — 171KB
• t-20231231_def.xml (EX-101.DEF) — 960KB
• t-20231231_lab.xml (EX-101.LAB) — 1745KB
• t-20231231_pre.xml (EX-101.PRE) — 1251KB
• t-20231231_htm.xml (XML) — 5008KB

Risk Factors

Risk Factors 7 1 B . U nr esolved Sta ff Comments 1 5 1C. Cybersecurity 15 2.

Legal Proceedings

Legal Proceedings 16 4. Mine Safety Disclosures 16 Information about our Executive Officers 17 PART II 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 18 6.

[Reserved]

Item 6. [Reserved] 19 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 37 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 43 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 96 9A.

Controls and Procedures

Controls and Procedures 96 9B. Other Information 96 PART III 10. Directors, Executive Officers and Corporate Governance 97 11.

Executive Compensation

Executive Compensation 97 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 98 13. Certain Relationships and Related Transactions, and Director Independence 99 14. Principal Accountant Fees and Services 99 PART IV 15. Exhibits and Financial Statement Schedules 99 16. Form 10-K Summary 101 AT&T Inc. Dollars in millions except per share amounts PART I

BUSINESS

ITEM 1. BUSINESS GENERAL AT&T Inc. ("AT&T," "we" or the "Company") is a holding company incorporated under the laws of the State of Delaware in 1983 and has its principal executive offices at 208 S. Akard St., Dallas, Texas, 75202 (telephone number 210-821-4105). We maintain an internet website at www.att.com. (This website address is for information only and is not intended to be an active link or to incorporate any website information into this document.) We file electronically with the Securities and Exchange Commission (SEC) required reports on Form 8-K, Form 10-Q and Form 10-K; proxy materials; registration statements on Forms S-3 and S-8, as necessary; and other forms or reports as required. The SEC maintains a website (www.sec.gov) that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. We make available, free of charge, on our website our annual report on Form 10-K, our quarterly reports on Form 10-Q, current reports on Form 8-K and all amendments to those reports as soon as reasonably practicable after such reports are electronically filed with, or furnished to, the SEC. We also make available on that website, and in print, if any stockholder or other person so requests, our "Code of Ethics" applicable to all employees and Directors, our "Corporate Governance Guidelines," and the charters for all committees of our Board of Directors, including Audit, Human Resources and Governance and Policy committees. Any changes to our Code of Ethics or waiver of our Code of Ethics for senior financial officers, executive officers or Directors will be posted on that website. A reference to a "Note" refers to the Notes to Consolidated Financial Statements in Item 8. History AT&T, formerly known as SBC Communications Inc. (SBC), was formed as one of several regional holding companies created to hold AT&T Corp.'s (ATTC) local telephone companies. On January 1, 1984, we were spun-off from

View Full Filing

View this 10-K filing on SEC EDGAR