AT&T (T) FY2024 results: revenue $122.3 billion, down 0.1% on the year
AT&T Inc. (T) reported revenue of $122.3 billion for fiscal 2024, the year ended 31 December 2024, down 0.1% on the year before. Net income was $10.9 billion, down 24.0%, and diluted earnings per share $1.49. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2025.
Revenue
$122.3 billion
-0.1% on the year
FY2017FY2024
Operating margin
15.6%
19.2% a year earlier
FY2017FY2024
Net income
$10.9 billion
-24.0% on the year
FY2017FY2024
Diluted EPS
$1.49
-24.4% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
38,771
38,314
32,023
+1.2%
Capital expenditure
20,263
17,853
19,626
+13.5%
Free cash flow
18,508
20,461
12,397
-9.5%
Free cash flow margin
15.1%
16.7%
10.3%
Cash from investing
-17,490
-19,660
n/a
Cash from financing
-24,708
-15,614
n/a
Depreciation and amortisation
20,580
18,777
18,021
+9.6%
Share-based compensation
505
479
518
+5.4%
Buybacks
215
194
890
+10.8%
Dividends paid
8,208
8,136
9,859
+0.9%
Dividend per share
$1.11
$1.11
$1.11
0.0%
Diluted shares, weighted
7,204m
7,258m
7,587m
-0.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
118,245
117,442
106,457
+0.7%
Redeemable equity
1,980
1,973
0.0
+0.4%
Debt
123,532
137,331
135,890
-10.0%
Operating lease liabilities
17,391
17,568
18,659
-1.0%
Finance lease liabilities
1,237
1,655
1,647
-25.3%
Other liabilities
132,410
131,091
140,200
+1.0%
Total liabilities and equity
394,795
407,060
402,853
-3.0%
Goodwill
63,432
67,854
67,895
-6.5%
Securities held for sale or to maturity
689
1,228
1,132
-43.9%
Cash and equivalents
3,298
6,722
3,701
-50.9%
Receivables
9,638
10,289
11,466
-6.3%
Inventory
2,270
2,177
3,123
+4.3%
Other assets
315,468
318,790
315,536
-1.0%
Total assets
394,795
407,060
402,853
-3.0%
10-K for the year ended 31 December 2024, filed 12 February 2025: the filing.