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thank you Consolidated Statements Of Income - USD ($) $ in Millions 12 Months Ended Dec. 31, 2022 Dec. 31, 2021 Dec. 31, 2020 Consolidated

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Consolidated Statements Of Income - USD ($) $ in Millions 12 Months Ended
Dec. 31, 2022 Dec. 31, 2021 Dec. 31, 2020 Consolidated Balance Sheets - USD ($) $ in Millions Dec. 31, 2022 Dec. 31, 2021 Consolidated Statements Of Cash Flows - USD ($) $ in Millions 12 Months Ended
Operating Revenues Current Assets Dec. 31, 2022 Dec. 31, 2021
Total operating revenues $ 120,741 $ 134,038 $ 143,050 Cash and cash equivalents $ 3,701 $ 19,223 Operating Activities
Cost of revenues Accounts receivable net of related allowance for credit loss of $588 and $658 11,466 12,313 Net income (loss) $ (6,874) $ 23,776
Other cost of revenues (exclusive of depreciation and amortization shown separately below) 26,839 28,616 29,989 INVTR 3,123 3,325 Adjustments to reconcile income (loss) from continuing operations to net cash provided by operating activities from continuing operations:
Selling, general and administrative 28,961 29,669 30,817 Prepaid and other current assets 14,818 16,131 Depreciation and amortization 18,021 17,852
Asset impairments and abandonments and restructuring 27,498 213 15,687 Assets from discontinued operations 0 119,776 Provision for uncollectible accounts 1,865 1,241
Depreciation and amortization 18,021 17,852 22,523 Total current assets 33,108 170,768 Deferred income tax expense 2,975 7,412
Total operating expenses 125,328 108,141 134,678 Property, Plant and Equipment Net 127,445 121,649 Net (gain) loss on investments, net of impairments 381 (369)
Operating Income (Loss) (4,587) 25,897 8,372 Goodwill Net 67,895 92,740 Pension and postretirement benefit expense (credit) (3,237) (3,857)
Other Income (Expense) Licenses Net 124,092 113,830 Actuarial (gain) loss on pension and postretirement benefits (1,999) (4,143)
Interest Expense (6,108) (6,716) (7,727) Other Intangible Assets Net 5,354 5,391 Asset impairments and abandonments and restructuring 27,498 213
Equity in net income of affiliates 1,791 603 89 Investments in and Advances to Equity Affiliates 3,533 6,168 Changes in operating assets and liabilities:
Other income (expense) net 5,810 9,387 (1,088) Operating Lease Right-Of-Use Assets 21,814 21,824 Receivables 727 (1,125)
Total other income (expense) 1,493 3,274 (8,726) Other Assets 19,612 19,252 Other current assets (674) (1,288)
Income (Loss) from Continuing Operations Before Income Taxes (3,094) 29,171 (354) Total Assets 402,853 551,622 Accounts payable and other accrued liabilities (1,109) (1,570)
Income tax expense on continuing operations 3,780 5,395 1,168 Current Liabilities Equipment installment receivables and related sales 154 (271)
Income (Loss) from Continuing Operations (6,874) 23,776 (1,522) Debt maturing within one year 7,467 24,620 Deferred customer contract acquisition and fulfillment costs (947) 18
Loss from discontinued operations, net of tax (181) (2,297) (2,299) Note payable to DIRECTV 130 1,245 Postretirement claims and contributions (823) (822)
Net Income (Loss) (7,055) 21,479 (3,821) Accounts payable and accrued liabilities 42,644 39,095 Other net (146) 103
Less: Net Income Attributable to Noncontrolling Interest (1,469) (1,398) (1,355) Advanced billings and customer deposits 3,918 3,966 Total adjustments 42,686 13,394
Net Income (Loss) Attributable to AT&T (8,524) 20,081 (5,176) Dividends payable 2,014 3,749 Net Cash Provided by Operating Activities from Continuing Operations 35,812 37,170
Less: Preferred Stock Dividends (203) (207) (193) Liabilities from discontinued operations 0 33,555 Investing Activities
Net Income (Loss) Attributable to Common Stock $ (8,727) $ 19,874 $ (5,369) Total current liabilities 56,173 106,230 Capital expenditures (19,626) (15,545)
Basic Earnings (Loss) Per Share from continuing operations $ (1.10) $ 3.07 $ (0.45) Long-Term Debt 128,423 151,011 Acquisitions, net of cash acquired (10,200) (25,453)
Basic Loss Per Share from discontinued operations (0.03) (0.30) (0.30) Deferred Credits and Other Noncurrent Liabilities Dispositions 199 7,136
Basic Earnings (Loss) Per Share Attributable to Common Stock (1.13) 2.77 (0.75) Deferred income taxes 57,032 53,767 Distributions from DIRECTV in excess of cumulative equity in earnings 2,649 1,323
Diluted Earnings (Loss) Per Share from continuing operations (1.10) 3.02 (0.45) Postemployment benefit obligation 7,260 12,560 Other net 79 50
Diluted Loss Per Share from discontinued operations (0.03) (0.29) (0.30) Operating lease liabilities 18,659 18,956 Net Cash Used in Investing Activities from Continuing Operations (26,899) (32,489)
Diluted Earnings (Loss) Per Share Attributable to Common Stock $ (1.13) $ 2.73 $ (0.75) Other noncurrent liabilities 28,849 25,243 Financing Activities
Total deferred credits and other noncurrent liabilities 111,800 110,526 Net change in short-term borrowings with original maturities of three months or less (519) 1,316
Operating Revenues Stockholders Equity Issuance of other short-term borrowings 3,955 21,856
Total operating revenues $ 97,831 $ 111,565 $ 124,057 Common stock ($1 par value, 14,000,000,000 authorized at December 31, 2022 and December 31, 2021: issued 7,620,748,598 at December 31, 2022 and December 31, 2021) 7,621 7,621 Repayment of other short-term borrowings (18,345) (7,510)
Additional paid-in capital 123,610 130,112 Proceeds from Issuance of Long-Term Debt 2,979 9,931
Operating Revenues Retained (deficit) earnings (19,415) 42,350 Repayment of long-term debt (25,118) (3,039)
Total operating revenues 22,910 22,473 18,993 Treasury stock (493,156,816 at December 31, 2022 and 479,684,705 at December 31, 2021, at cost) (17,082) (17,280) Note payable to DIRECTV, net of payments (1,211) 1,341
Cost of revenues Accumulated other comprehensive income 2,766 3,529 Payment of vendor financing (4,697) (4,596)
Cost of goods and services sold 24,009 23,685 19,585 Noncontrolling interest 8,957 17,523 Issuance of preferred stock 0 0
Total stockholders equity 106,457 183,855 Purchase of treasury stock (890) (202)
Cost of revenues Total Liabilities and Stockholders Equity 402,853 551,622 Issuance of treasury stock 28 96
Cost of goods and services sold $ 0 $ 8,106 $ 16,077 Issuance of preferred interests in subsidiaries 0 0
Stockholders Equity Redemption of preferred interest in subsidiary (2,665) 0
Preferred stock 0 0 Dividends paid (9,859) (15,068)
Other net (3,222) (2,231)
Stockholders Equity Net Cash (Used in) Provided by Financing Activities from Continuing Operations (59,564) 1,894
Preferred stock 0 0 Net (decrease) increase in cash and cash equivalents and restricted cash from continuing operations (50,651) 6,575
Net Cash Provided by (Used in) Discontinued Operations [Abstract]
Stockholders Equity Cash (used in) provided by operating activities (3,789) 4,788
Preferred stock $ 0 $ 0 Cash provided by (used in) investing activities 1,094 399
Cash provided by (used in) financing activities 35,823 (316)
Net increase (decrease) in cash and cash equivalents and restricted cash from discontinued operations 33,128 4,871
Net (decrease) increase in cash and cash equivalents and restricted cash (17,523) 11,446
Cash and cash equivalents and restricted cash beginning of year 21,316 9,870
Cash and Cash Equivalents and Restricted Cash End of Year $ 3,793 $ 21,316
Working Capital
Current Ratio
Debt to Asset Ratio
Return on Equity
Return on Assets
Inventory Turnover
Days in Inventory
Accounts Recivable Turnover
Times Intrest Earned
Free Cash Flow
Gross Profit Rate
Profit Margin
Asset Turnover

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