AT&T (T) FY2021 results: revenue $134.0 billion, down 6.3% on the year
AT&T Inc. (T) reported revenue of $134.0 billion for fiscal 2021, the year ended 31 December 2021, down 6.3% on the year before. Net income was $20.1 billion, and diluted earnings per share $2.76. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2022.
Revenue
$134.0 billion
-6.3% on the year
FY2014FY2021
Operating margin
19.3%
5.9% a year earlier
FY2014FY2021
Net income
$20.1 billion
FY2014FY2021
Diluted EPS
$2.76
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
41,957
43,130
48,668
-2.7%
Capital expenditure
15,545
14,690
19,635
+5.8%
Free cash flow
26,412
28,440
29,033
-7.1%
Free cash flow margin
19.7%
19.9%
16.0%
Cash from investing
-32,089
-13,548
-16,690
Cash from financing
1,578
-32,007
-25,083
Depreciation and amortisation
17,852
22,523
28,217
-20.7%
Share-based compensation
447
422
819
+5.9%
Buybacks
202
5,498
2,417
-96.3%
Dividends paid
15,068
14,956
14,888
+0.7%
Dividend per share
$2.08
$2.08
$2.05
0.0%
Diluted shares, weighted
7,199m
7,183m
7,348m
+0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
183,855
179,240
201,934
+2.6%
Debt
175,631
157,245
163,147
+11.7%
Operating lease liabilities
18,956
22,202
21,804
-14.6%
Finance lease liabilities
1,442
1,847
1,872
-21.9%
Other liabilities
171,738
165,227
162,912
+3.9%
Total liabilities and equity
551,622
525,761
551,669
+4.9%
Fixed assets
n/a
n/a
130,128
Goodwill
92,740
92,812
146,241
-0.1%
Securities held for sale or to maturity
1,380
1,479
1,444
-6.7%
Cash and equivalents
19,223
7,924
9,702
+142.6%
Receivables
12,313
20,215
22,636
-39.1%
Inventory
n/a
3,592
2,864
Other assets
425,966
399,739
238,654
+6.6%
Total assets
551,622
525,761
551,669
+4.9%
10-K for the year ended 31 December 2021, filed 16 February 2022: the filing.