Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $164B | $161B | $171B | $181B | $143B | $134B | $121B | $122B | $122B | $126B |
| Revenue growth | — | -2.0% | 6.4% | 6.1% | -21.1% | -6.3% | -9.9% | 1.4% | -0.1% | 2.7% |
| Operating income | $23.5B | $20.0B | $26.1B | $28.0B | $8.37B | $25.9B | -$4.59B | $23.5B | $19.0B | $24.2B |
| Operating margin | 14.4% | 12.4% | 15.3% | 15.4% | 5.9% | 19.3% | -3.8% | 19.2% | 15.6% | 19.2% |
| Net income | $13.0B | $29.4B | $19.4B | $13.9B | -$5.18B | $20.1B | -$8.52B | $14.4B | $10.9B | $22.0B |
| Net margin | 7.9% | 18.3% | 11.3% | 7.7% | -3.6% | 15.0% | -7.1% | 11.8% | 8.9% | 17.5% |
| EPS (diluted) | $2.10 | $4.76 | $2.85 | $1.89 | -$0.75 | $2.73 | -$1.13 | $1.97 | $1.49 | $3.04 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $38.4B | $38.0B | $43.6B | $48.7B | $43.1B | $42.0B | $35.8B | $38.3B | $38.8B | $40.3B |
| Capital expenditures | $21.5B | $20.6B | $21.3B | $19.6B | $14.7B | $15.5B | $19.6B | $17.9B | $20.3B | $20.8B |
| Free cash flow | $16.9B | $17.4B | $22.4B | $29.0B | $28.4B | $26.4B | $16.2B | $20.5B | $18.5B | $19.4B |
| Share buybacks | $512M | $463M | $609M | $2.42B | $5.50B | $202M | $890M | $194M | $215M | $4.50B |
| Dividends paid | $11.8B | $12.0B | $13.4B | $14.9B | $15.0B | $15.1B | $9.86B | $8.14B | $8.21B | $8.18B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $5.79B | $50.5B | $5.20B | $9.70B | $7.92B | $19.2B | $3.70B | $6.72B | $3.30B | $18.2B |
| Total assets | $404B | $444B | $532B | $552B | $526B | $552B | $403B | $407B | $395B | $420B |
| Long-term debt | — | — | — | $161B | $155B | $167B | $133B | $133B | $122B | $135B |
| Shareholders' equity | $124B | $142B | $194B | $202B | $179B | $184B | $106B | $117B | $118B | $126B |
| Retained earnings | $34.7B | $50.5B | $58.8B | $57.9B | $37.5B | $42.4B | -$19.4B | -$5.01B | $1.87B | $15.8B |
| Shares (wtd avg diluted) | 6.19B | 6.18B | 6.81B | 7.35B | 7.47B | 7.50B | 7.59B | 7.26B | 7.20B | 7.18B |
Every figure is extracted from AT&T INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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