AT&T (T) FY2022 results: revenue $120.7 billion, down 9.9% on the year
AT&T Inc. (T) reported revenue of $120.7 billion for fiscal 2022, the year ended 31 December 2022, down 9.9% on the year before. Net income was -$8.5 billion, and diluted earnings per share $-1.13. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2023.
Revenue
$120.7 billion
-9.9% on the year
FY2015FY2022
Operating margin
-3.8%
19.3% a year earlier
FY2015FY2022
Net income
-$8.5 billion
FY2015FY2022
Diluted EPS
-$1.13
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
32,023
41,957
43,130
-23.7%
Capital expenditure
19,626
15,545
14,690
+26.3%
Free cash flow
12,397
26,412
28,440
-53.1%
Free cash flow margin
10.3%
19.7%
19.9%
Cash from investing
n/a
-32,089
-13,548
Cash from financing
n/a
1,578
-32,007
Depreciation and amortisation
18,021
17,852
22,523
+0.9%
Share-based compensation
518
447
422
+15.9%
Buybacks
890
202
5,498
+340.6%
Dividends paid
9,859
15,068
14,956
-34.6%
Dividend per share
$1.11
$2.08
$2.08
-46.6%
Diluted shares, weighted
7,587m
7,199m
7,183m
+5.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
106,457
183,855
179,240
-42.1%
Redeemable equity
0.0
n/a
n/a
Debt
135,890
175,631
157,245
-22.6%
Operating lease liabilities
18,659
18,956
22,202
-1.6%
Finance lease liabilities
1,647
1,442
1,847
+14.2%
Other liabilities
140,200
171,738
165,227
-18.4%
Total liabilities and equity
402,853
551,622
525,761
-27.0%
Goodwill
67,895
92,740
92,812
-26.8%
Securities held for sale or to maturity
1,132
1,380
1,479
-18.0%
Cash and equivalents
3,701
19,223
7,924
-80.7%
Receivables
11,466
12,313
20,215
-6.9%
Inventory
3,123
n/a
3,592
Other assets
315,536
425,966
399,739
-25.9%
Total assets
402,853
551,622
525,761
-27.0%
10-K for the year ended 31 December 2022, filed 13 February 2023: the filing.