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1) (20 pts) Use the given information about AT&T to compute for the six months ending June 30, 2020 the following ratios: a) Average Collection Period d) Return on Assets b) Asset Turnover e) Debt to Equity c) Current Ratio ATATIN CONSOLIDATO STATEMENTS OF INCOME penge dat . Swerte Lorem Nullamer Antriebe to ATAT 1 1 8:19 1 . Bring har vi Weighted Averager af Weight Aereer har ATATING LULARES Cunha 24 Property Mantend gegen - No hindwa Curva Aurum INE Bed Cinder AT&T INC. CONSOLIDATED BALANCE SHEETS Dollars in millions except per share amounts June 30, 2020 (Unaudited) December 31. 2019 16,941 S 19,127 1.439 19.048 56,555 14,514 332,883 (203,938) 128,945 143,651 98,763 23,757 14,704 18,452 2,302 24,692 21,563 547,8985 12,130 22.636 1.631 18,364 54,761 12,434 333,538 (203,410) 130,128 146,241 97,907 23,567 15,345 20,798 3,695 24,039 22,754 551669 Assets Current Assets Cash and cash equivalent Accounts receivable - net of related allowances for credit loss of S1,606 and $1.235 Prepaid expenses Other current assets Total current assets Noncurrent Inventories and Theatrical Film and Television Production Costs Property, plant and equipment Less: accumulated depreciation and amortization Property. Plant and Equipment - Net Goodwill Licenses - Net Trademarks and Trade Names - Net Distribution Networks - Net Other Intangible Assets - Net Investments in and Advances to Equity Affiliates Operating Lease Right-of-Use Assets Other Assets Total Assets Liabilities and Stockholders' Equity Current Liabilities Debt maturing within one year Accounts payable and accrued liabilities Advanced billings and customer deposits Accrued taxes Dividends payable Total current liabilities Long Term Debt Deferred Credits and Other Noncurrent Liabilities Deferred income taxes Postemployment benefit obligation Operating lease liabilities Other noncurrent liabilities Total deferred credits and other noncurrent liabilities Stockholders' Equity Preferred stock (1 par value, 10,000,000 suthorized): Series A (48,000 issued and outstanding at June 30, 2020 and December 31, 2019) Series B (20,000 issued and outstanding at June 30, 2020 and issued and outstanding at December 31, 2019) Series C (70,000 issued and outstanding at June 30, 2020 and issued and outstanding at December 31, 2019) Common stock (31 par value, 14,000,000,000 authorized at June 30, 2020 and December 31, 2019 issued 7,620,748,598 at June 30, 2020 and December 31, 2019) Additional paid in capital Retained earnings Treasury stock (495,425,902 at June 30, 2020 and 366,193,458 December 31, 2019, at cost) Accumulated other comprehensive income Noncontrolling interest Total stockholders' equity Total Liabilities and Stockholders' Equity See Notes to Consolidated Financial Statements. 15,576 5 41,881 5,723 2,548 3,741 69,469 153,388 11,838 45,956 6,124 1,212 3,781 68,911 151,300 58,387 18,167 22,230 32,804 131.588 59,502 18,788 21,804 29,421 129,515 7,621 130,046 56,045 7.621 126,279 57,936 (17,945) 129 17,557 193,453 $47.898 $ (13,085) 5,470 17,713 201,934 551.669 S Open with Google Docs ATATING CONSOLIDATED BALANCE SHEETS Dollars in millions Ecopper share amounts June 30, 2020 (Unaudited) December I. 2019 $ 16,941 $ * 19,127 1.439 19,048 56.555 14,514 333,883 (203,938) 126,945 143.651 98,763 23,757 14,704 18,452 2,302 24,692 21.563 547,8985 12,130 22,636 1.631 18.364 54,761 12434 333.538 (203.410) 130,128 146,241 97,907 23,567 15.345 20,798 3.695 24,039 22,754 551,669 5 Assets Current Assets Cash and cash equivalente Accounts receivable.net of related allowances for credit loss of $1.606 and $1.235 Prepaid expenses Other current assets Total current assets Noncurrent investeries and Theatrical Film and Television Production Costs Property, plant and equipment Les secumulated depreciation and amortiration Property Plant and Equipment - Net Goodwill Licenses - Net Trademarks and Trade Names-Net Distribution Networks-Net Other Intangible Assets - Net Investments in and Advances to Equity Affiliates Operating Lease Right-of-Use Assets Other Assets Total Assets Liabilities and Stockholders' Equity Current Liabilities Debt maturing within one year Accounts payable and accrued liabilities Advanced billings and customer deposits Accrued taxes Dividends payable Total current liabilities Leer-Term Debt Deferred Credits and Other Noncurrent Liabilities Deferred income taxes Postemployment benefit obligation Operating lease liabilities Other noncurrent liabilities Total deferred credits and other noncurrent liabilities Stockholders' Equity Preferred stock (1 par valor, 10,000,000 wuthorised) Series A (48,000 issued and outstanding at June 30, 2020 and December 31, 2019) Series B (20.000 inwed and outstanding at June 30, 2020 and issued and outstanding at December 31, 2019) Series (70,000 issued and outstanding at June 30, 2020 and issued and outstanding at December 31, 2019) Common stock (51 par value, 14,000,000,000 authorized at June 30, 2020 and December 31, 2019: sued 7.620,748,598 at June 30, 2020 and December 31, 2019) Additional paid-in capital Retained earnings Treasury stock (495 425,902 at June 30, 2020 and 366,193,458 December 31, 2019. Accumulated the comprehensive income Non controlling interest Total stockholders' equity Total Liabilities and Stockholders'Kuty See Notes to Consolidated Financial Statements 15.576 $ 41.881 5,723 2.548 3,741 69.469 153,388 11.30 45,956 6,124 1,212 2.781 6801 151,300 58.387 18,167 22,230 32.804 131.588 59,502 18,788 21,804 29,421 129,515 130.046 56,045 7,621 126,279 57,936 (17,845) 17.587 193,453 $47,8985 (13.085) 3470 17.713 201,934 551 669 5 WILL INC CONSOLIDATED STATEMENTS OF INCOME Dollars in millions except per share amounts (Unaudited) Three monthsed June 30 2020 2019 Six months ended June 30, 2018 2019 Operating Revenues Service Equipment Total operating revenues 5 s $ $ 37,051 3.899 40,950 41,033 3.934 4957 75,934 7,795 89.729 81.707 8,077 89,784 3,978 5,889 4,061 7.730 2,070 11.05 8,563 15382 8,721 9,844 17.305 19,493 8,116 9.831 2,319 7.285 37418 3.532 16,458 18.591 2.442 14.507 72,711 11,018 7,101 37.457 7.500 career parte 14,307 75.051 14,733 Same (2,149) 40 018 Operating Expenses Cost of revenues Equipment Broadcast, programming and operations Other cost of revenues (exclusive of depreciation and amortization shown separately below) Selling, general and administrative Asset impairments and abandonments Depreciation and amortization Total operating expenses Operating Income Other Income (Expense) Interest expense Equity in net income Closs) of affiliates Other income (expense) - net Total other income (expense) Income Before Income Taxes Income tax expense Net Income Less: Net Income Attributable to Nencontrolling Interest Net Income Attributable to AT&T Less: Preferred Stock Dividends Net Income Attributable to Common Stock Basic Earnings Per Share Attributable to Common Stock Diluted Earnings Per Share Attributable to Common Stock Weighted Average Number of Common Shares Outstanding - Basic in millions) Weighted Average Number of Common Shaw Outstanding - with Dilution (in millions) Page See Notes to Consolidated Financial Statement (4.059) (16) 1.820 (2255) 8.763 (490) 33 (32) (4.29 10,444 (2,041) (10) 1,017 (1.034) 2,498 935 1.560 (282) 1,281 (52) 1.229 (2,427) 5,073 1,099 3,974 (261) 3.713 6,536 8,322 S $ 5 5.891 $ 7,809 $ s 3,713 S 5,807 5 7.809 0.17 $ S 0.51 5 1 1.06 S 5 0.17 $ 0.51 5 08 1.06 7.145 7.323 7.IS 7.166 7,347 7,192 + a 1 ANTI-FINANCIAL INFORMATION CONSOLIDATES WAT IS GOING as HEEL l latest llalar C - -- ATAT 31 . -- . Hi Detalles war Alte . . ALS . L N Eas lailayae ) Trahara rasi - h si - 3:51 T.pdf ATAT 11 Det har Ante Wted reagerer Oud-Baden Newware dhe AA Arben werd Differred Cher Region Stay de pere... Serie A 2001, Commerce Addition CONSOLIDATED BALANCE SHEETS Dollars in millions except per share amounts June 30, 2020 (Unaudited) December 31, 2019 16,941 $ 19,127 1439 19,048 56,555 14,514 332,883 (203,938) 128,945 143,651 98,763 23,757 14,704 18,452 2.302 24,692 21,563 547.898 $ 12,130 22,636 1.631 18,364 54,761 12,434 333,538 (203.410) 130,128 146,241 97,907 21.567 15,345 20,798 3.695 24.039 22.754 551669 Assets Current Assets Cash and cash equivalents Accounts receivable - net of related allowances for credit loss of $1,606 and 51.235 Prepaid expenses Other current assets Total current assets Noncurrent Inventories and Theatrical Film and Television Production Costs Property, plant and equipment Less: accumulated depreciation and amortization Property, Plant and Equipment - Net Goodwill Licenses - Net Trademarks and Trade Names - Net Distribution Networks - Net Other Intangible Assets - Net Investments in and Advances to Equity Affiliates Operating Lease Right-Of-Use Assets Other Assets Total Assets Liabilities and Stockholders' Equity Current Liabilities Debt maturing within one year Accounts payable and accrued liabilities Advanced billings and customer deposits Accrued taxes Dividends payable Total current liabilities Long-Term Debt Deferred Credits and Other Noncurrent Liabilities Deferred income taxes Postemployment benefit obligation Operating lease liabilities Other noncurrent liabilities Total deferred credits and other noncurrent liabilities Stockholders' Equity Preferred stock (51 par value, 10,000,000 authorized : Series A (48,000 issued and outstanding at June 30, 2020 and December 31, 2019) Series B (20.000 issued and outstanding at June 30, 2020 and issued and outstanding at December 31, 2019) Series (70,000 issued and outstanding at June 30, 2020 and issued and outstanding at December 31, 2019) Common stock (51 par value, 14,000,000,000 authorized at June 30, 2020 and December 31, 2019 issued 7,620,748,598 at June 30, 2020 and December 31, 2019) Additional paid-in capital Retained earnings Treasury stock (495,425,902 at June 30, 2020 and 366,193,458 December 31, 2019, al cost) Accumulated other comprehensive income Noncontrolling interest Total stockholders' equity Total Liabilities and Stockholders' Equity See Notes to Consolidated Financial Statements 15.576 41.881 5,723 2.548 3.741 69.469 153,388 11,838 45,956 6.124 1.212 3,781 68 911 151,309 58.387 18,167 22.230 32,804 131.588 59,502 18,788 21,804 29,421 129,515 7,621 130,046 56,045 7,621 126,279 57,936 (17,945) 129 17,557 193,453 547.898 5 (13,085) 5,470 17,713 201.934 351,669 $ AT&T INC. CONSOLIDATED STATEMENTS OF INCOME Dollars in millions except per share amounts (Unaudited) Three months ended June 30, 2020 2019 Six months ended June 30, 2020 2019 $ s $ 37,051 3,899 40,950 41,023 3,934 44,957 75,934 7,795 83,729 81,707 8,077 89,784 3,978 5,889 4,061 7,730 8,070 12,643 8,563 15,382 8,721 9,844 17,306 19,493 8,116 9,831 2,319 7,285 37,418 3,532 7,101 37,457 7,500 16,458 18,591 2,442 14,507 72,711 11,018 14,307 75,051 14,733 Operating Revenues Service Equipment Total operating revenues Operating Expenses Cost of revenues Equipment Broadcast, programming and operations Other cost of revenues (exclusive of depreciation and amortization shown separately below) Selling, general and administrative Asset impairments and abandonments Depreciation and amortization Total operating expenses Operating Income Other Income (Expense) Interest expense Equity in net income (loss) of affiliates Other income (expense) - net Total other income (expense) Income Before Income Taxes Income tax expense Net Income Less: Net Income Attributable to Noncontrolling Interest Net Income Attributable to AT&T Less: Preferred Stock Dividends Net Income Attributable to Common Stock Basic Earnings Per Share Attributable to Common Stock Diluted Earnings Per Share Attributable to Common Stock Weighted Average Number of Common Shares Outstanding - Basie (in millions) Weighted Average Number of Common Shares Outstanding - with Dilution (in millions) See Notes to Consolidated Financial Statements, (2,041) (10) 1,017 (1,034) 2,498 935 1,563 (282) 1,281 (52) 1,229 (2,149) 40 (318) (2,427) 5,073 1.099 3,974 (261) 3,713 (4,059) (16) 1,820 (2,255) 8,763 2,237 6,526 (635) 5,891 (84) 5,807 (4,290) 33 (32) (4.289) 10.444 2,122 8,322 (513) 7.809 $ $ $ $ $ S 3,713 $ $ 7,809 $ 0.17 S 0.51 s 0.81 S 1.06 0.17 $ 0.51 $ 0.81 S 1.06 7,145 7,323 7,166 7,318 7,170 7,353 7,192 7,347 CONSOLIDATED BALANCE SHEETS Dollars in millions excepper share amount Open with Google Docs December 31. 2019 2010 (Usedited) 12,130 72.636 16,9415 19,127 - 1439 19.045 56.555 14,514 1.631 54761 12.04 333.58 201.410) 130,123 (203,935 123.945 143.651 98.763 23,757 14,704 18.452 2,302 24.692 21.56 547.8985 97,907 23,567 15345 20,798 3.695 24.039 551.669 15,576 5 5,723 2.548 45,956 6,124 1.212 Assets Current Assets Cash and cash equivalents Accounts receivable.net of related allowances for credit loss of $1,606 and 51.235 Prepaid expenses Other current sets Total current assets Noncurrent Inventories and Theatrical Film and Television Production Costs Property, plant and equipment Less: acumulated depreciation and amortization Property Plant and Equipment - Net Geodwill Licenses Net Trademarks and Trade Names - Net Distribution Networks-Net Other Intangible Assets - Net Investments in and Advances te Equity Affiliates Operating Lease Right-OF-Use Assets Other Assets Total Assets Liabilities and Stockholders' Equity Current Liabilities Debt maturing within one year Accounts payable and accrued liabilities Advanced billings and customer deposits Accrued taxes Dividends payable Total current liabilities Long-Term Debt Deferred Credits and Other Noncurrent Liabilities Deferred income taxes Postemployment benefit obligation Operating lease liabili Other noncurrent liabilities Total deferred credits and other noncurrent liabilities Stockholders' Equity Preferred stock (51 par value. 10,000,000 authorized); Series A (48,000 issued and outstanding at June 30, 2020 and December 31, 2019) Series B (20.000 inwood and outstanding at June 30, 2020 and issued and outstanding at December 31, 2019) Series (70,000 issued and outstanding at June 30, 2020 and issued and outstanding at December 31, 2019) Common stock (51 par value, 14,000,000,000 authorized at June 30, 2020 and December 31, 2019: issued 7.620,748,598 at June 30, 2020 and December 31, 2019) Additional paid in capital Retained earnings Treasury stock (495,425,902 at June 30, 2020 and 366,193,458 December 31, 2019, at cost) Accumulated other comprehensive income Noncontrolling interest Total stockholders' equity Total Liabilities and Stockholders' Equity See Notes to Consolidated Financial Statements. 69.469 153,388 6R 911 151,309 58,387 18,167 22,230 32.804 131,553 59.502 18788 21,804 129,515 7,621 130,046 56.6445 7,621 126.279 57,936 (17,845) 17,557 193.450 547,8985 (13.085) 5,470 17,713 201,934 551.669 $

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