AT&T Files 8-K for Q1 2024 Earnings

TL;DR

AT&T dropped its Q1 2024 earnings report today - check the numbers!

AI Summary

AT&T Inc. filed an 8-K on April 24, 2024, to report its first-quarter 2024 earnings release. The filing includes financial statements and exhibits related to the company's performance for the period ending on that date. Specific financial figures for the quarter are not detailed in this summary document.

Why It Matters

This filing provides investors with the official release of AT&T's first-quarter financial results, offering insights into the company's operational performance and financial health.

Risk Assessment

Risk Level: low — This is a routine earnings release filing and does not contain new material risks.

Key Players & Entities

• AT&T INC. (company) — Filer
• 0000732717 (company) — Central Index Key
• 20240424 (date) — Report Date

FAQ

Key Financial Figures

• $1.00 — ch registered Common Shares (Par Value $1.00 Per Share) T New York Stock Exchange D
• $3.4 b — me attributable to common stock totaled $3.4 billion, or $0.47 per diluted share. Firs
• $0.47 — o common stock totaled $3.4 billion, or $0.47 per diluted share. First-quarter 2024 i
• $0.7 billion — diluted share included amounts totaling $0.7 billion (pre-tax), or $(0.08) per share, result
• $0.01 — gible amortization, partially offset by $0.01 per share of other benefit related mark
• $4.2 b — income attributable to common stock of $4.2 billion, or $0.57 per diluted share, in t
• $0.57 — ble to common stock of $4.2 billion, or $0.57 per diluted share, in the first quarter
• $0.02 — Update No. 2020-06, partially offset by $0.02 per share of benefit-related market-dri
• $30.0 b — enues in the first quarter of 2024 were $30.0 billion, down 0.4 percent from the first
• $24.2 b — enses in the first quarter of 2024 were $24.2 billion, up 0.2 percent, driven by higher
• $5.8 billion — erating income in the first quarter was $5.8 billion compared to $6.0 billion in the compara
• $6.0 billion — st quarter was $5.8 billion compared to $6.0 billion in the comparable 2023 period, and AT&T
• $0.5 billion — expense) - net in the first quarter was $0.5 billion compared to $0.9 billion in the compara
• $0.9 billion — st quarter was $0.5 billion compared to $0.9 billion in the comparable 2023 period. The decr
• $7.5 b — vities in the first quarter of 2024 was $7.5 billion, up $0.9 billion when compared to

Filing Documents

• t-20240424.htm (8-K) — 91KB
• t-1q20248xk801exhibit991.htm (EX-99.1) — 502KB
• 0000732717-24-000016.txt ( ) — 993KB
• t-20240424.xsd (EX-101.SCH) — 9KB
• t-20240424_def.xml (EX-101.DEF) — 30KB
• t-20240424_lab.xml (EX-101.LAB) — 68KB
• t-20240424_pre.xml (EX-101.PRE) — 33KB
• t-20240424_htm.xml (XML) — 28KB

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 April 24, 2024 that first-quarter 2024 net income attributable to common stock totaled $3.4 billion, or $0.47 per diluted share. First-quarter 2024 income per diluted share included amounts totaling $0.7 billion (pre-tax), or $(0.08) per share, resulting from the following significant items: $(0.06) per share from restructuring charges related to our Open RAN deployment and noncash impairment charges and $(0.03) per share from our proportionate share of DIRECTV intangible amortization, partially offset by $0.01 per share of other benefit related market-driven adjustments and other items. Th ese results com pare with a reported net income attributable to common stock of $4.2 billion, or $0.57 per diluted share, in the first quarter of 2023, which included $(0.04) per share from our proportionate share of DIRECTV intangible amortization and $(0.01) per share related to Accounting Standards Update No. 2020-06, partially offset by $0.02 per share of benefit-related market-driven adjustments. Operating revenues in the first quarter of 2024 were $30.0 billion, down 0.4 percent from the first quarter of 2023, reflecting lower Mobility equipment revenue and continued declines in Business Wireline revenues. These decreases were partially offset by increased service revenues in Mobility and Consumer Wireline . Revenues also include increases resulting from f avorable impacts of foreign exchange rates in Mexico. Operating expenses in the first quarter of 2024 were $24.2 billion, up 0.2 percent, driven by higher depreciation expense related to our continued fiber and 5G investment, and the shortening of estimated lives of network equipment that will be replaced earlier than originally anticipated with our Open RAN deploymen

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: April 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