AT&T (T) Financials

AT&T Inc (T) is a multinational telecommunications conglomerate that provides a range of services including wireless communication, internet, TV, and home phone. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. As of December 31, 2020, AT&T had a total of 168.8 million wireless subscribers, making it one of the largest wireless providers in the United States.

In terms of financials, AT&T Inc reported total revenue of $170.8 billion for the year ended December 31, 2020. This represented a decrease of 5.1% from the previous year. The company's gross profit for the same period was $77.9 billion, resulting in a gross margin of 45.6%.

AT&T's operating income, also known as earnings before interest and taxes (EBIT), was $29.1 billion in 2020, compared to $40.9 billion in 2019. The decline in EBIT was mainly attributed to the impact of the COVID-19 pandemic on the company's operations, as well as ongoing investments in network expansion and content production.

AT&T's net income attributable to stockholders was $13.9 billion in 2020, compared to $13.9 billion in the previous year. The company's net income margin remained relatively stable at 8.1%.

On the balance sheet side, AT&T had total assets of $551.9 billion as of December 31, 2020. The company had total liabilities of $406.1 billion, resulting in stockholders' equity of $145.8 billion. AT&T's total debt was $164.8 billion, of which $4.4 billion was classified as short-term debt. The company's net debt, which takes into account cash and cash equivalents, was $159.2 billion.

Regarding cash flow, AT&T generated $27.4 billion in operating cash flow in 2020. The company's investing cash flow was -$21.8 billion, primarily due to capital expenditures and investments in wireless spectrum licenses. AT&T's financing cash flow was -$3.3 billion, driven by dividend payments and share repurchases. The company's free cash flow, which is a measure of its ability to generate cash after deducting capital expenditures, was $5.6 billion in 2020.

In conclusion, AT&T Inc (T) faced challenges in 2020 due to the COVID-19 pandemic and ongoing investments in network expansion and content production. The company's financials showed a decline in revenue and operating income compared to the previous year. However, AT&T remained profitable and continued to generate significant cash flow, supporting its investments and operations.