AT&T Announces Q4 2023 Earnings Release Date

TL;DR

**AT&T just set the stage for its Q4 2023 earnings, get ready for the numbers!**

AI Summary

AT&T Inc. filed an 8-K on January 24, 2024, announcing its 4th Quarter 2023 Earnings Release. This filing, under Item 8.01, signals that the company will soon provide detailed financial results for the last quarter of 2023. This matters to investors because the earnings release will offer crucial insights into AT&T's financial health, subscriber growth, and future outlook, directly impacting stock valuation and dividend sustainability.

Why It Matters

This filing indicates that AT&T's financial performance for Q4 2023 will soon be public, which is critical for investors to assess the company's profitability and growth prospects.

Risk Assessment

Risk Level: low — This filing is purely an announcement of an upcoming event and does not contain any new financial or operational risks.

Analyst Insight

A smart investor would mark their calendar for AT&T's Q4 2023 earnings release and prepare to analyze the financial statements for key performance indicators and future guidance.

Key Players & Entities

• AT&T INC. (company) — the filer of the 8-K
• 0000732717 (company) — Central Index Key (CIK) for AT&T INC.
• 2024-01-24 (date) — date of the 8-K filing and period of report
• 208 S. AKARD ST (address) — AT&T's business and mail address
• DALLAS (address) — city of AT&T's business and mail address
• TX (address) — state of AT&T's business and mail address
• 75202 (address) — zip code of AT&T's business and mail address
• 2108214105 (phone_number) — AT&T's business phone number
• SBC COMMUNICATIONS INC (company) — former name of AT&T INC.
• SOUTHWESTERN BELL CORP (company) — former name of AT&T INC.

Forward-Looking Statements

• AT&T will release its detailed Q4 2023 financial results soon after this announcement. (AT&T INC.) — high confidence, target: 2024-02-15
• The upcoming earnings release will provide insights into AT&T's subscriber growth and ARPU (Average Revenue Per User) for the wireless and fiber segments. (AT&T INC.) — medium confidence, target: 2024-02-15

FAQ

Key Financial Figures

• $1.00 — ch registered Common Shares (Par Value $1.00 Per Share) T New York Stock Exchange D
• $2.6 b — come from continuing operations totaled $2.6 billion, or $0.30 per diluted share. Four
• $0.30 — ing operations totaled $2.6 billion, or $0.30 per diluted share. Fourth-quarter 2023
• $0.04 — ts and other items, partially offset by $0.04 of benefit from tax items. The results
• $15.6 billion — , income from continuing operations was $15.6 billion versus a loss from continuing operation
• $1.97 — ear 2023 earnings per diluted share was $1.97 and included the following significant
• $0.01 — by $0.04 of benefit from tax items and $0.01 of benefit related market-driven adjust
• $0.20 — driven adjustments, partially offset by $0.20 of actuarial gains and $0.13 of benefit
• $0.13 — offset by $0.20 of actuarial gains and $0.13 of benefit from tax items. The dilutive
• $32.0 b — nues in the fourth quarter of 2023 were $32.0 billion, up 2.2 percent from the fourth q
• $122.4 b — 2022, and full-year 2023 revenues were $122.4 billion, up 1.4 percent from the previous
• $26.8 b — nses in the fourth quarter of 2023 were $26.8 billion, compared to $52.4 billion in the
• $52.4 billion — of 2023 were $26.8 billion, compared to $52.4 billion in the comparable 2022 period, and full
• $99.0 b — full-year 2023 operating expenses were $99.0 billion, compared to $125.3 billion for t
• $125.3 billion — xpenses were $99.0 billion, compared to $125.3 billion for the previous full year. The decreas

Filing Documents

• t-20240124.htm (8-K) — 97KB
• t-4q2023801exhibit991.htm (EX-99.1) — 759KB
• 0000732717-24-000004.txt ( ) — 1277KB
• t-20240124.xsd (EX-101.SCH) — 10KB
• t-20240124_def.xml (EX-101.DEF) — 30KB
• t-20240124_lab.xml (EX-101.LAB) — 75KB
• t-20240124_pre.xml (EX-101.PRE) — 33KB
• t-20240124_htm.xml (XML) — 27KB

01 Other Events

Item 8.01 Other Events. Throughout this document, AT&T Inc. is referred to as "we" or "AT&T." AT&T is a holding company whose subsidiaries and affiliates operate worldwide in the telecommunications and technology industries. Overview We announced on January 24, 2024 that fourth-quarter 2023 income from continuing operations totaled $2.6 billion, or $0.30 per diluted share. Fourth-quarter 2023 earnings per diluted share includes amounts totaling to $(2.6) billion (pre-tax) resulting from the following significant items (per share): $(0.18) from a loss on actuarial remeasurement of pension and postretirement benefit plan assets and obligations, $(0.06) from restructuring and impairment charges, $(0.03) from our proportionate share of DIRECTV intangible amortization and $(0.01) of benefit related market-driven adjustments and other items, partially offset by $0.04 of benefit from tax items. The results compare with a reported loss from continuing operations of $(23.1) billion, or $(3.20) per share, in the fourth quarter of 2022, which included amounts totaling to $(29.4) billion (pre-tax) resulting from the following significant items (per share): $(3.57) of noncash impairment, abandonment and restructuring charges, $(0.19) of actuarial losses, $(0.04) of DIRECTV intangible amortization, $(0.04) of other benefit related market-driven adjustments, partially offset by $0.04 of benefits from tax items. The dilutive impact of $(0.01) per share from the adoption of Accounting Standards Update (ASU) No. 2020-06 (ASU 2020-06) was not included in our computation of earnings per share in 2022 because its effect is antidilutive as a result of the net loss. On April 5, 2023 we repurchased all outstanding AT&T Mobility II LLC preferred interests, and, as such, our calculation of diluted earnings per share under U.S. generally accepted accounting principles (GAAP), beginning with the second quarter of 2023, no longer reflected the dilutive potential of these instruments. For

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. The following exhibits are filed as part of this report: (d) Exhibits 99.1 AT&T Inc. selected financial statements and operating data. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3 Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AT&T INC. Date: January 24, 2024 By: / s/ Sabrina Sanders . Sabrina Sanders Senior Vice President - Chief Accounting Officer and Controller 4

View Full Filing

View this 8-K filing on SEC EDGAR