AT&T (T) FY2015 results: revenue $146.8 billion, up 10.8% on the year
AT&T Inc. (T) reported revenue of $146.8 billion for fiscal 2015, the year ended 31 December 2015, up 10.8% on the year before. Net income was $13.3 billion, up 107.2%, and diluted earnings per share $2.37. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2016.
Revenue
$146.8 billion
+10.8% on the year
FY2008FY2015
Operating margin
13.9%
9.2% a year earlier
FY2008FY2015
Net income
$13.3 billion
+107.2% on the year
FY2008FY2015
Diluted EPS
$2.37
+91.1% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
146,801
132,447
128,752
+10.8%
Cost of revenue
n/a
60,611
51,464
Gross profit
n/a
71,836
77,288
Gross margin
n/a
54.2%
60.0%
Selling, general and administrative
35,706
39,697
28,414
-10.1%
Operating income
20,362
12,212
30,752
+66.7%
Operating margin
13.9%
9.2%
23.9%
Interest expense
4,120
3,613
3,940
+14.0%
Pre-tax income
20,692
10,355
28,050
+99.8%
Income tax
7,005
3,619
9,328
+93.6%
Effective tax rate
33.9%
34.9%
33.3%
Net income
13,345
6,442
18,418
+107.2%
Net margin
9.1%
4.9%
14.3%
Diluted EPS
$2.37
$1.24
$3.42
+91.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
35,174
31,338
34,796
+12.2%
Capital expenditure
19,218
21,199
20,944
-9.3%
Free cash flow
15,956
10,139
13,852
+57.4%
Free cash flow margin
10.9%
7.7%
10.8%
Cash from investing
-48,424
-18,337
-23,124
Cash from financing
9,782
-7,737
-13,201
Depreciation and amortisation
22,016
18,273
18,395
+20.5%
Share-based compensation
451
318
458
+41.8%
Buybacks
269
1,617
13,028
-83.4%
Dividends paid
10,200
9,552
9,696
+6.8%
Dividend per share
$1.89
$1.85
$1.81
+2.2%
Diluted shares, weighted
5,646m
5,221m
5,385m
+8.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
123,640
90,270
94,610
+37.0%
Debt
126,151
81,834
74,788
+54.2%
Other liabilities
152,881
124,730
108,389
+22.6%
Total liabilities and equity
402,672
296,834
277,787
+35.7%
Fixed assets
124,450
112,898
110,968
+10.2%
Goodwill
104,568
69,692
69,273
+50.0%
Investments
n/a
1,890
n/a
Cash and equivalents
5,121
8,603
3,339
-40.5%
Receivables
16,532
14,527
12,918
+13.8%
Inventory
4,033
1,933
1,148
+108.6%
Other assets
147,968
87,291
80,141
+69.5%
Total assets
402,672
296,834
277,787
+35.7%
10-K for the year ended 31 December 2015, filed 18 February 2016: the filing.