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AT&T Ends 2013 On Strong Note

By TechTaffy Desk

AT&T’s U-verse® with GigaPower℠ Lights Up Austin

AT&T reported fourth quarter and full year 2013 results on Tuesday. For the quarter ended December 31, 2013, AT&T’s consolidated revenues totaled $33.2 billion, up 1.8 percent versus the year-earlier period. Compared with results for the fourth quarter of 2012, operating expenses were $20.9 billion versus $38.5 billion; operating income was $12.2 billion compared to a loss of $6 billion; and operating income margin was 36.9 percent compared to 18.3 percent.

Randall Stephenson (Chairman and CEO,  AT&T): 2013 was the year of the network.

Adjusted operating expenses were $28 billion, compared to an adjusted $28.4 billion in the year-ago quarter, down 1.4 percent; operating income was $5.2 billion versus $4.2 billion a year ago; and operating income margin was 15.5 percent, up from 12.9 percent last year.

Fourth-quarter 2013 net income attributable to AT&T totaled $6.9 billion, or $1.31 per diluted share, compared to $ 3.9 billion, or 68 cents per diluted share, in the year-earlier quarter. Earnings per share was 53 cents compared to an adjusted 44 cents in the year-ago quarter, an increase of 20.5 percent.

Fourth-quarter 2013 cash from operating activities totaled $7.9 billion, and capital expenditures totaled $5.5 billion. Free cash flow — cash from operating activities minus capital expenditures — totaled $2.5 billion.

Randall Stephenson (Chairman and CEO,  AT&T): 2013 was the year of the network.

Full-Year Results

For full year 2013, compared with 2012 results, AT&T’s consolidated revenues totaled $128.8 billion versus $127.4 billion, revenues were up 1.9 percent for the year. Operating expenses were $98.3 billion, compared with $114.4 billion, down 14.1 percent; net income attributable to AT&T was $18.2 billion versus $7.3 billion; and earnings per diluted share was $3.39, compared with $1.25 in the prior year. With adjustments for both years, earnings per share totaled $2.50, compared with $2.31, an increase of 8.2 percent.

AT&T’s full-year cash from operating activities was $34.8 billion, down from a record $39.2 billion in 2012. Capital expenditures, including capitalized interest, totaled $21.2 billion versus $19.7 billion in 2012. Full-year free cash flow was $13.6 billion.

[Image courtesy: AT&T]

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