Communication Services
Telecom Services
$167.61B
149.9K
Key insights and themes extracted from this filing
Total operating revenues decreased slightly to $30.213 billion from $30.350 billion in the same quarter last year, a decrease of 0.5%. This is driven by a decrease in equipment revenues, offset by a slight increase in service revenues.
Operating income decreased to $2.116 billion from $5.782 billion in the same quarter last year, a 63.4% decrease. This decrease is largely due to a $4.422 billion non-cash goodwill impairment charge in the Business Wireline reporting unit.
Net loss attributable to AT&T was $(174) million, compared to a net income of $3.495 billion in the same quarter last year. This is driven by the goodwill impairment and lower operating income.