AT&T Inc. (T) quarterly cash flow statement — complete operating, investing & financing history
AT&T Inc. (T) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 10.49B | 10.87B | 7.56B | 11.32B | 10.15B | 9.76B | 9.05B | 11.9B | 10.23B | 9.09B | 7.55B | 11.38B | 10.34B | 9.92B | 6.68B | 10.31B | 10.07B | 5.91B | 5.73B | 11.25B |
| Operating CF Growth % | 3.31% | 11.34% | -16.49% | -4.84% | -0.81% | 7.37% | 19.9% | 4.55% | -0.98% | -8.36% | 13.01% | 10.33% | 2.63% | 67.97% | 16.5% | -8.36% | 2.08% | -45.86% | -42.26% | 11.62% |
| Operating CF / Revenue % | 32.45% | 34.44% | 23.99% | 33.83% | 33.06% | 31.65% | 29.55% | 36.83% | 33.88% | 30.52% | 25.13% | 35.53% | 34.06% | 33.17% | 22.16% | 32.9% | 33.52% | 19.93% | 19.29% | 36.19% |
| Net Income | -9.26B | 4.66B | 3.87B | 4.52B | 9.31B | 4.86B | 4.69B | 4.41B | 145M | 3.95B | 3.75B | 2.19B | 3.5B | 4.49B | 4.23B | -23.12B | 6.35B | 4.16B | 5.16B | 4.86B |
| Depreciation & Amortization | 4.98B | 4.97B | 4.97B | 5.13B | 5.32B | 5.25B | 5.19B | 5.37B | 5.09B | 5.07B | 5.05B | 4.77B | 4.71B | 4.67B | 4.63B | 4.59B | 4.51B | 4.45B | 5.54B | 4.5B |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -241M | 608M | 724M | 479M | -126M | 1.33B | 1.31B | 529M | 28M | 623M | 1.17B | 932M | 2.06B |
| Other Non-Cash Items | 13.29B | 734M | 506M | 1.03B | -5.17B | 583M | 760M | 583M | 5.01B | -82M | 499M | 1.3B | 978M | -87M | -61M | 27.25B | -1.29B | -7.91B | 1.33B | 1.96B |
| Working Capital Changes | 1.47B | 515M | -1.78B | 638M | 691M | -932M | -1.59B | 1.77B | -613M | -570M | -2.23B | -1.09B | -169M | -462M | -2.65B | 1.04B | -123M | 4.03B | -7.24B | -2.12B |
| Capital Expenditures | 12.99B | -5.7B | -11.65B | -6.78B | -4.89B | -4.9B | -4.28B | -6.84B | -5.3B | -4.36B | -3.76B | -4.6B | -4.65B | -4.27B | -4.33B | -4.23B | -5.92B | -4.91B | -12.65B | -3.83B |
| CapEx / Revenue % | 40.19% | 18.06% | 36.99% | 20.26% | 15.91% | 15.88% | 13.97% | 21.19% | 17.55% | 14.63% | 12.51% | 14.37% | 15.31% | 14.27% | 14.38% | 13.49% | 19.71% | 16.56% | 42.58% | 12.32% |
| CapEx / D&A | 2.61x | 1.15x | 2.35x | 1.32x | 0.92x | 0.93x | 0.82x | 1.27x | 1.04x | 0.86x | 0.74x | 0.97x | 0.99x | 0.91x | 0.94x | 0.92x | 1.31x | 1.10x | 2.28x | 0.85x |
| CapEx Coverage (OCF/CapEx) | 0.81x | 1.91x | 0.65x | 1.67x | 2.08x | 1.99x | 2.12x | 1.74x | 1.93x | 2.09x | 2.01x | 2.47x | 2.22x | 2.32x | 1.54x | 2.44x | 1.70x | 1.20x | 0.45x | 2.94x |
| Cash from Investing | 12.99B | -5.94B | -11.65B | -4.34B | -3.39B | -6.09B | -4.96B | -5.36B | -5.15B | -4.02B | -2.96B | -5.87B | -4.54B | -5.42B | -3.82B | -3.82B | -5.54B | -3.79B | -12.65B | -4.76B |
| Acquisitions | -23.7B | 68M | -2.05B | -321M | -39M | 1M | -20M | -49M | 0 | -53M | -203M | 857M | -358M | -223M | -276M | -91M | -362M | -311M | -9.23B | -2.27B |
| Purchase of Investments | -1M | -10M | -14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.08B | -902M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 156M | 25M | 0 | 0 | 0 | 6M | 68M | 0 | 902M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 41.75B | -299M | -4.72B | 2.6B | 1.51B | -1.19B | -661M | 1.53B | 146M | 329M | -79M | -2.13B | 460M | -930M | 793M | 497M | 740M | 1.43B | 1.33B | 1.34B |
| Cash from Financing | 1.42B | 680M | -2.1B | -8.78B | 2.99B | -45M | -553M | -5.85B | -5.56B | -5.48B | -7.82B | -6.33B | -7.75B | 2.18B | -3.71B | -5.19B | -6.15B | -36.65B | 24.25B | -6.59B |
| Dividends Paid | -1.95B | -1.98B | -2B | -2.01B | -2.03B | -2.04B | -2.09B | -2.04B | -2.04B | -2.1B | -2.03B | -2.02B | -2.02B | -2.08B | -2.01B | -2.01B | -2.01B | -2.09B | -3.75B | -3.75B |
| Dividend Payout Ratio % | - | 42.71% | 52.15% | 54.03% | 21.83% | 45.42% | 48.06% | 49.93% | - | 58.35% | 59.04% | 92.32% | 57.77% | 46.4% | 47.63% | - | 33.36% | 50.18% | 77.94% | 74.34% |
| Debt Issuance (Net) | 0 | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K |
| Stock Issued | 0 | 0 | 1M | 2M | 2M | 0 | 17M | 13M | 2M | 0 | 0 | 0 | 0 | 0 | 3M | 0 | 0 | 2M | 26M | 7M |
| Share Repurchases | 4.67B | -2.19B | -2.48B | -1.83B | -1.49B | -961M | -2.29B | -13M | -43M | -2M | -157M | -4M | -1M | -1M | -188M | -15M | -3M | -675M | -197M | -11M |
| Other Financing | 3.37B | -938M | -265M | -899M | -459M | -419M | 4.46B | -426M | -414M | -866M | -526M | -1.08B | -362M | 771M | 219M | -2.27B | -2.72B | 35.85B | 27.33B | -681M |
| Net Change in Cash | -6.76B | 5.61B | -6.43B | -1.75B | 9.77B | 3.63B | 3.54B | 680M | -477M | -427M | -3.23B | -826M | -1.96B | 6.68B | -851M | 1.3B | -1.62B | -34.53B | 17.33B | -89M |
| Exchange Rate Effect | 0 | 0 | -232M | 56M | 20M | 0 | 0 | 0 | 0 | -26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 17.94B | 12.33B | 18.39B | 20.27B | 10.5B | 6.94B | 3.41B | 2.73B | 3.2B | 3.52B | 6.83B | 7.66B | 9.62B | 2.94B | 3.79B | 2.49B | 4.12B | 38.65B | 21.32B | 21.41B |
| Cash at End | 11.18B | 17.94B | 11.96B | 18.53B | 20.27B | 10.58B | 6.94B | 3.41B | 2.73B | 3.09B | 3.6B | 6.83B | 7.66B | 9.62B | 2.94B | 3.79B | 2.49B | 4.12B | 38.65B | 21.32B |
| Free Cash Flow | 23.48B | 5.17B | -4.1B | 4.54B | 5.26B | 4.87B | 4.77B | 5.05B | 4.93B | 4.73B | 3.79B | 6.78B | 5.69B | 5.65B | 2.34B | 6.08B | 4.15B | 999M | -6.92B | 7.42B |
| FCF Growth % | 345.91% | 6.25% | -185.88% | -10.17% | 6.73% | 2.81% | 25.94% | -25.44% | -13.29% | -16.26% | 61.72% | 11.39% | 37.08% | 465.77% | 133.86% | -18.04% | -19.6% | -85.63% | 59.12% | -3.47% |
| FCF Margin % | 72.63% | 16.38% | -13.01% | 13.56% | 17.14% | 15.77% | 15.58% | 15.64% | 16.33% | 15.88% | 12.62% | 21.16% | 18.74% | 18.89% | 7.77% | 19.41% | 13.81% | 3.37% | -23.29% | 23.87% |
| FCF / Net Income % | 2745.85% | 111.74% | -107.03% | 121.89% | 56.53% | 108.13% | 109.68% | 123.85% | -2835.06% | 131.58% | 109.99% | 309.73% | 162.78% | 125.91% | 55.42% | -25.87% | 68.87% | 24.03% | -143.85% | 147.19% |