AT&T (T) FY2012 results: revenue $127.4 billion, up 0.6% on the year
AT&T Inc. (T) reported revenue of $127.4 billion for fiscal 2012, the year ended 31 December 2012, up 0.6% on the year before. Net income was $7.3 billion, up 84.2%, and diluted earnings per share $1.25. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$127.4 billion
+0.6% on the year
FY2007FY2012
Operating margin
10.2%
7.3% a year earlier
FY2007FY2012
Net income
$7.3 billion
+84.2% on the year
FY2007FY2012
Diluted EPS
$1.25
+89.4% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
127,434
126,723
124,280
+0.6%
Cost of revenue
55,215
54,904
50,257
+0.6%
Gross profit
72,219
71,819
74,023
+0.6%
Gross margin
56.7%
56.7%
59.6%
Selling, general and administrative
41,079
41,314
34,986
-0.6%
Operating income
12,997
9,218
19,573
+41.0%
Operating margin
10.2%
7.3%
15.7%
Interest expense
3,444
3,535
2,994
-2.6%
Pre-tax income
10,439
6,716
18,238
+55.4%
Income tax
2,900
2,532
-1,162
+14.5%
Effective tax rate
27.8%
37.7%
-6.4%
Net income
7,264
3,944
19,864
+84.2%
Net margin
5.7%
3.1%
16.0%
Diluted EPS
$1.25
$0.66
$3.35
+89.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
39,176
34,743
35,222
+12.8%
Capital expenditure
19,465
20,110
19,530
-3.2%
Free cash flow
19,711
14,633
15,692
+34.7%
Free cash flow margin
15.5%
11.5%
12.6%
Cash from investing
-19,680
-21,250
-21,449
Cash from financing
-17,673
-11,650
-15,848
Depreciation and amortisation
18,143
18,377
19,379
-1.3%
Share-based compensation
511
489
513
+4.5%
Buybacks
12,752
0.0
0.0
Dividends paid
10,241
10,172
9,916
+0.7%
Dividend per share
$1.77
$1.73
$1.69
+2.3%
Diluted shares, weighted
5,821m
5,950m
5,938m
-2.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
95,653
105,797
111,950
-9.6%
Debt
69,844
64,753
66,167
+7.9%
Other liabilities
106,818
99,794
91,274
+7.0%
Total liabilities and equity
272,315
270,344
269,391
+0.7%
Fixed assets
109,767
107,087
103,196
+2.5%
Goodwill
69,773
70,842
73,601
-1.5%
Securities held for sale or to maturity
n/a
n/a
639
Cash and equivalents
4,868
3,045
1,201
+59.9%
Receivables
12,657
13,231
13,610
-4.3%
Inventory
1,036
1,188
1,303
-12.8%
Other assets
74,214
74,951
75,841
-1.0%
Total assets
272,315
270,344
269,391
+0.7%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.