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AT&T INC.eval run
10-K for period ending 2025-12-31gpt-6-luna@none · prompt v4$0.00116.0sfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue$125.6BR5 Total operating revenues125,648 millions$125.6B ✓
Operating income$24.2BR14 Operating Income24,162 millions$24.2B ✓
Net income attributable to the company$22.0BR24 Net Income Attributable to AT&T21,953 millions$22.0B ✓
Diluted EPS$3.04R28 Diluted Earnings Per Share Attributable to Common Stock3.04$3.04 ✓
Cash and cash equivalents$18.2BR5 Cash and cash equivalents18,234 millions$18.2B ✓
Total assets$420.2BR17 Total Assets420,198 millions$420.2B ✓
Total liabilities-not printed on this statement--
Total shareholders' equity attributable to the company$126.5BR44 Total stockholders’ equity126,491 millions-
Net cash from operating activities$40.3BR21 Net Cash Provided by Operating Activities40,284 millions$40.3B ✓
Net cash from investing activities-$18.8BR29 Net Cash Used in Investing Activities(18,777) millions-$18.8B ✓
Net cash from financing activities-$6.4BR45 Net Cash Used in Financing Activities(6,386) millions-$6.4B ✓

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · totalEquity excludes noncontrolling interests
  • net income is before preferred dividends · net income is not the after-preferred-dividends line
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · netIncome excludes noncontrolling interests
  • cash flows tie to the change in cash · operating + investing + financing (+ FX) equals the net change in cash

management's claims

Found 9 claims, none about a company-wide figure the statements can confirm.

trace

  1. 0locator (code)0.20s
    {
  "tables": 207,
  "exhibits": [],
  "documents": 1
}
    {
  "income": {
    "rows": 29,
    "scale": 1000000,
    "score": 26,
    "heading": "AT&T Inc. Dollars in millions except per share amounts ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA",
    "tableIndex": 70,
    "runnerUpScore": 24.25
  },
  "balance": {
    "rows": 46,
    "scale": 1000000,
    "score": 38.5,
    "heading": "AT&T Inc. Dollars in millions except per share amounts",
    "tableIndex": 74,
    "runnerUpScore": 19
  },
  "cashflow": {
    "rows": 49,
    "scale": 1000000,
    "score": 40,
    "heading": "AT&T Inc. Dollars in millions except per share amounts",
    "tableIndex": 76,
    "runnerUpScore": 8.5
  }
}
  2. 1cash flow agent1.66s · 1738 tokens · $0.0002
    {
  "rows": 49,
  "retryHint": null,
  "tableIndex": 76
}
    {
  "figures": [
    {
      "note": "This is the operating activities section total, after changes in operating assets and liabilities.",
      "field": "operatingCashFlow",
      "scale": 1000000,
      "value": 40284000000,
      "printed": "40,284",
      "rowIndex": 21,
      "rowLabel": "Net Cash Provided by Operating Activities",
      "priorValue": 38771000000,
      "agentPrinted": "40,284",
      "failedChecks": [],
      "priorPrinted": "38,771",
      "groundingMismatch": false
    },
    {
      "note": "This is the investing activities section total.",
      "field": "investingCashFlow",
      "scale": 1000000,
      "value": -18777000000,
      "printed": "(18,777)",
      "rowIndex": 29,
      "rowLabel": "Net Cash Used in Investing Activities",
      "priorValue": -17490000000,
      "agentPrinted": "(18,777)",
      "failedChecks": [],
      "priorPrinted": "(17,490)",
      "groundingMismatch": false
    },
    {
      "note": "This is the financing activities section total.",
      "field": "financingCashFlow",
      "scale": 1000000,
      "value": -6386000000,
      "printed": "(6,386)",
      "rowIndex": 45,
      "rowLabel": "Net Cash Used in Financing Activities",
      "priorValue": -24708000000,
      "agentPrinted": "(6,386)",
      "failedChecks": [],
      "priorPrinted": "(24,708)",
      "groundingMismatch": false
    }
  ],
  "statement": "cashflow",
  "tableIndex": 76,
  "priorColumn": 1,
  "currentColumn": 0
}
  3. 2income statement agent1.67s · 1601 tokens · $0.0002
    {
  "rows": 29,
  "retryHint": null,
  "tableIndex": 70
}
    {
  "figures": [
    {
      "note": "Total operating revenues is the company-wide revenue total, excluding other income.",
      "field": "revenue",
      "scale": 1000000,
      "value": 125648000000,
      "printed": "125,648",
      "rowIndex": 5,
      "rowLabel": "Total operating revenues",
      "priorValue": 122336000000,
      "agentPrinted": "125,648",
      "failedChecks": [],
      "priorPrinted": "122,336",
      "groundingMismatch": false
    },
    {
      "note": "Operating Income is explicitly printed as a separate line.",
      "field": "operatingIncome",
      "scale": 1000000,
      "value": 24162000000,
      "printed": "24,162",
      "rowIndex": 14,
      "rowLabel": "Operating Income",
      "priorValue": 19049000000,
      "agentPrinted": "24,162",
      "failedChecks": [],
      "priorPrinted": "19,049",
      "groundingMismatch": false
    },
    {
      "note": "This line is net income attributable to AT&T, excluding noncontrolling interests.",
      "field": "netIncome",
      "scale": 1000000,
      "value": 21953000000,
      "printed": "21,953",
      "rowIndex": 24,
      "rowLabel": "Net Income Attributable to AT&T",
      "priorValue": 10948000000,
      "agentPrinted": "21,953",
      "failedChecks": [],
      "priorPrinted": "10,948",
      "groundingMismatch": false
    },
    {
      "note": "This is diluted earnings per share attributable to common stock.",
      "field": "epsDiluted",
      "scale": 1,
      "value": 3.04,
      "printed": "3.04",
      "rowIndex": 28,
      "rowLabel": "Diluted Earnings Per Share Attributable to Common Stock",
      "priorValue": 1.49,
      "agentPrinted": "3.04",
      "failedChecks": [],
      "priorPrinted": "1.49",
      "groundingMismatch": false
    }
  ],
  "statement": "income",
  "tableIndex": 70,
  "priorColumn": 1,
  "currentColumn": 0
}
  4. 3balance sheet agent1.96s · 1691 tokens · $0.0002
    {
  "rows": 46,
  "retryHint": null,
  "tableIndex": 74
}
    {
  "figures": [
    {
      "note": "This is the balance sheet’s cash and cash equivalents line.",
      "field": "cash",
      "scale": 1000000,
      "value": 18234000000,
      "printed": "18,234",
      "rowIndex": 5,
      "rowLabel": "Cash and cash equivalents",
      "priorValue": 3298000000,
      "agentPrinted": "18,234",
      "failedChecks": [],
      "priorPrinted": "3,298",
      "groundingMismatch": false
    },
    {
      "note": "This row explicitly reports total assets.",
      "field": "totalAssets",
      "scale": 1000000,
      "value": 420198000000,
      "printed": "420,198",
      "rowIndex": 17,
      "rowLabel": "Total Assets",
      "priorValue": 394795000000,
      "agentPrinted": "420,198",
      "failedChecks": [],
      "priorPrinted": "394,795",
      "groundingMismatch": false
    },
    {
      "note": "The statement does not print a total liabilities line; the liabilities-and-equity total is not a substitute.",
      "field": "totalLiabilities",
      "scale": 1000000,
      "value": null,
      "printed": null,
      "rowIndex": null,
      "rowLabel": null,
      "priorValue": null,
      "agentPrinted": null,
      "failedChecks": [],
      "priorPrinted": null,
      "groundingMismatch": false
    },
    {
      "note": "This is the printed stockholders’ equity total, excluding the separately listed noncontrolling interest.",
      "field": "totalEquity",
      "scale": 1000000,
      "value": 126491000000,
      "printed": "126,491",
      "rowIndex": 44,
      "rowLabel": "Total stockholders’ equity",
      "priorValue": 118245000000,
      "agentPrinted": "126,491",
      "failedChecks": [],
      "priorPrinted": "118,245",
      "groundingMismatch": false
    }
  ],
  "statement": "balance",
  "tableIndex": 74,
  "priorColumn": 1,
  "currentColumn": 0
}
  5. 4reconciler (code)0.00s
    null
    [
  {
    "name": "balance_identity",
    "detail": "total assets equals total liabilities and equity",
    "fields": [
      "totalAssets"
    ],
    "passed": true,
    "skipped": false,
    "statement": "balance"
  },
  {
    "name": "totalEquity_attribution",
    "detail": "totalEquity excludes noncontrolling interests",
    "fields": [
      "totalEquity"
    ],
    "passed": true,
    "skipped": false,
    "statement": "balance"
  },
  {
    "name": "netIncome_before_preferred",
    "detail": "net income is not the after-preferred-dividends line",
    "fields": [
      "netIncome"
    ],
    "passed": true,
    "skipped": false,
    "statement": "income"
  },
  {
    "name": "epsDiluted_total",
    "detail": "diluted EPS is for total net income",
    "fields": [
      "epsDiluted"
    ],
    "passed": true,
    "skipped": false,
    "statement": "income"
  },
  {
    "name": "netIncome_attribution",
    "detail": "netIncome excludes noncontrolling interests",
    "fields": [
      "netIncome"
    ],
    "passed": true,
    "skipped": false,
    "statement": "income"
  },
  {
    "name": "cash_flow_tie",
    "detail": "operating + investing + financing (+ FX) equals the net change in cash",
    "fields": [
      "operatingCashFlow",
      "investingCashFlow",
      "financingCashFlow"
    ],
    "passed": true,
    "skipped": false,
    "statement": "cashflow"
  }
]
  6. 5MD&A claims agent3.47s · 1915 tokens · $0.0004
    null
    [
  {
    "kind": "direction",
    "field": "operatingIncome",
    "quote": "Operating income increased in 2025 and decreased in 2024.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Operating income: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "increased",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "direction",
    "field": "operatingIncome",
    "quote": "Operating income increased in 2025 and 2024.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Operating income: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "increased",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "direction",
    "field": "operatingIncome",
    "quote": "Operating income decreased in 2025 and 2024.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Operating income: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "decreased",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "direction",
    "field": "operatingIncome",
    "quote": "Operating income increased in 2025 and 2024.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Operating income: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "increased",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "direction",
    "field": "operatingIncome",
    "quote": "Operating income increased in 2025 and decreased in 2024.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Operating income: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "increased",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "cash",
    "quote": "We had $18,234 in cash and cash equivalents available at December 31, 2025, increasing $14,936 since December 31, 2024.",
    "scope": "consolidated",
    "actual": null,
    "reason": "Cash and cash equivalents: the value is far below the company-wide figure, so it's about part of the business",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$18,234",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "amount_change",
    "field": "cash",
    "quote": "We had $18,234 in cash and cash equivalents available at December 31, 2025, increasing $14,936 since December 31, 2024.",
    "scope": "consolidated",
    "actual": null,
    "reason": "Cash and cash equivalents: the value is far below the company-wide figure, so it's about part of the business",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$14,936",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "operatingCashFlow",
    "quote": "During 2025, cash provided by operating activities was $40,284, compared to $38,771 in 2024, driven by operational growth and lower cash tax payments.",
    "scope": "consolidated",
    "actual": null,
    "reason": "Net cash from operating activities: the value is far below the company-wide figure, so it's about part of the business",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$40,284",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "amount_change",
    "field": "operatingCashFlow",
    "quote": "During 2025, cash provided by operating activities was $40,284, compared to $38,771 in 2024, driven by operational growth and lower cash tax payments.",
    "scope": "consolidated",
    "actual": null,
    "reason": "Net cash from operating activities: the claimed number isn't in the quoted sentence",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$1,513",
    "tolerance": null,
    "quoteVerified": true
  }
]

Income statement

table #70 · current period is figure column 1
0Consolidated Statements of Income
1202520242023
2Operating Revenues
3Service101,158100,13599,649
4Equipment24,49022,20122,779
5Total operating revenues← Total revenue125,648122,336122,428
6Operating Expenses
7Cost of revenues
8Equipment25,39622,24923,136
9Other cost of revenues (exclusive of depreciationand amortization shown separately below)25,42426,97226,987
10Selling, general and administrative28,94228,41128,874
11Asset impairments and abandonments and restructuring8385,0751,193
12Depreciation and amortization20,88620,58018,777
13Total operating expenses101,486103,28798,967
14Operating Income← Operating income24,16219,04923,461
15Other Income (Expense)
16Interest expense(6,804)(6,759)(6,704)
17Equity in net income of affiliates1,8951,9891,675
18Other income (expense) - net7,7542,4191,416
19Total other income (expense)2,845(2,351)(3,613)
20Income Before Income Taxes27,00716,69819,848
21Income tax expense3,6214,4454,225
22Net Income23,38612,25315,623
23Less: Net Income Attributable to Noncontrolling Interest(1,433)(1,305)(1,223)
24Net Income Attributable to AT&T← Net income attributable to the company21,95310,94814,400
25Less: Preferred Stock Dividends and Redemption Gain(64)(202)(208)
26Net Income Attributable to Common Stock21,88910,74614,192
27Basic Earnings Per Share Attributable to Common Stock3.041.491.97
28Diluted Earnings Per Share Attributable to Common Stock← Diluted EPS3.041.491.97

Balance sheet

table #74 · current period is figure column 1
0Consolidated Balance Sheets
1December 31,
220252024
3Assets
4Current Assets
5Cash and cash equivalents← Cash and cash equivalents18,2343,298
6Accounts receivable - net of related allowance for credit loss of $429 and $3758,8439,638
7Inventories2,4202,270
8Prepaid and other current assets19,23515,962
9Total current assets48,73231,168
10Property, Plant and Equipment - Net131,559128,871
11Goodwill - Net63,42563,432
12Licenses - Net128,148127,035
13Other Intangible Assets - Net5,2545,255
14Investments in and Advances to Equity Affiliates1,106295
15Operating Lease Right-Of-Use Assets22,64220,909
16Other Assets19,33217,830
17Total Assets← Total assets420,198394,795
18Liabilities and Stockholders’ Equity
19Current Liabilities
20Debt maturing within one year9,0115,089
21Accounts payable and accrued liabilities38,51435,657
22Advanced billings and customer deposits4,2664,099
23Dividends payable1,9892,027
24Total current liabilities53,78046,872
25Long-Term Debt127,089118,443
26Deferred Credits and Other Noncurrent Liabilities
27Noncurrent deferred tax liabilities58,31258,939
28Postemployment benefit obligation8,4789,025
29Operating lease liabilities18,94317,391
30Other noncurrent liabilities25,10423,900
31Total deferred credits and other noncurrent liabilities110,837109,255
32Redeemable Noncontrolling Interest2,0011,980
33Stockholders’ Equity
34Preferred stock ($1 par value, 10,000,000 authorized at December 31, 2025 and December 31, 2024):
35Series A (48,000 issued and outstanding at December 31, 2025 and December 31, 2024)--
36Series B (20,000 issued and 0 outstanding at December 31, 2025 and 20,000 issued and outstanding at December 31, 2024)--
37Series C (70,000 issued and outstanding at December 31, 2025 and December 31, 2024)--
38Common stock ($1 par value, 14,000,000,000 authorized at December 31, 2025 andDecember 31, 2024: issued 7,620,748,598 at December 31, 2025 and December 31, 2024)7,6217,621
39Additional paid-in capital106,533109,108
40Retained earnings15,7681,871
41Treasury stock (583,246,242 at December 31, 2025 and 444,853,148 at December 31, 2024, at cost)(18,529)(15,023)
42Accumulated other comprehensive income (loss)(860)795
43Noncontrolling interest15,95813,873
44Total stockholders’ equity← Total shareholders' equity attributable to the company126,491118,245
45Total Liabilities and Stockholders’ Equity420,198394,795

Cash flow statement

table #76 · current period is figure column 1
0Consolidated Statements of Cash Flows
1202520242023
2Operating Activities
3Net Income23,38612,25315,623
4Adjustments to reconcile net income to net cash provided by operating activities:
5Depreciation and amortization20,88620,58018,777
6Provision for uncollectible accounts2,2711,9691,969
7Asset impairments and abandonments and restructuring8385,0751,193
8Pension and postretirement benefit expense (credit)(1,588)(1,883)(2,552)
9Actuarial and settlement (gain) loss on pension and postretirement benefits - net519561,594
10Net (gain) loss on investments(5,889)80441
11Changes in operating assets and liabilities:
12Receivables(1,526)12382
13Equipment installment receivables and related sales324(1,846)(133)
14Contract asset and cost deferral(1,208)160(1,006)
15Inventories, prepaid and other current assets(460)70747
16Accounts payable and other accrued liabilities884(1,104)(1,574)
17Changes in income taxes2,2261,9782,618
18Postretirement claims and contributions(1,436)(166)(735)
19Other - net1,0571,4261,270
20Total adjustments16,89826,51822,691
21Net Cash Provided by Operating Activities← Net cash from operating activities40,28438,77138,314
22Investing Activities
23Capital expenditures(20,842)(20,263)(17,853)
24Acquisitions, net of cash acquired(379)(380)(2,942)
25Dispositions3,2187572
26Distributions from DIRECTV in excess of cumulative equity in earnings-9282,049
27(Purchases), sales and settlements of securities - net1812,575(902)
28Other - net(955)(425)(84)
29Net Cash Used in Investing Activities← Net cash from investing activities(18,777)(17,490)(19,660)
30Financing Activities
31Net change in short-term borrowings with original maturities of three months or less--(914)
32Issuance of other short-term borrowings-4915,406
33Repayment of other short-term borrowings-(2,487)(3,415)
34Issuance of long-term debt14,0271910,004
35Repayment of long-term debt(5,528)(10,297)(12,044)
36Note payable to DIRECTV, net of payments--(130)
37Payment of vendor financing(1,181)(1,792)(5,742)
38Redemption of preferred stock(2,075)--
39Purchase of treasury stock(4,500)(215)(194)
40Issuance of treasury stock21153
41Issuance of preferred interests in subsidiary2,221-7,151
42Redemption of preferred interests in subsidiary(65)-(5,333)
43Dividends paid(8,180)(8,208)(8,136)
44Other - net(1,126)(2,234)(2,270)
45Net Cash Used in Financing Activities← Net cash from financing activities(6,386)(24,708)(15,614)
46Net increase (decrease) in cash and cash equivalents and restricted cash15,121(3,427)3,040
47Cash and cash equivalents and restricted cash beginning of year3,4066,8333,793
48Cash and Cash Equivalents and Restricted Cash End of Year18,5273,4066,833